# EDGAR Filing Document

**Accession Number:** 0001034106
**File Stem:** 0001034106-26-000032
**Filing Date:** 2026-5
**Character Count:** 151562
**Document Hash:** 6a43c7db71068d2c475aa45202b23958
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001034106-26-000032.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001034106-26-000032

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERATED HERMES CORE TRUST
- **CENTRAL INDEX KEY:** 0001034106

**ORGANIZATION NAME:**
- **EIN:** 232934777
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1212

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08519
- **FILM NUMBER:** 261011130

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED CORE TRUST
- **DATE OF NAME CHANGE:** 20180601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED CORE TRUST/PA
- **DATE OF NAME CHANGE:** 19971126

## Series and Classes Contracts Data

### Bank Loan Core Fund (Series ID: S000030275)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000093165 | Bank Loan Core Fund |  |

## Nport-Ex

Bank Loan Core Fund

Portfolio of Investments

March 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
| &nbsp;&nbsp; <br><sup>1</sup> <br>| FLOATING RATE LOANS—72.7% |  |
|  | **Aerospace/Defense—1.3%** |  |
| $2992500 | Barnes Group, Inc., 2025 Term Loan B–1st Lien, 6.168% (SOFR CME +2.500%), 1/27/2032 | &nbsp;&nbsp; $2992500 |
| &nbsp;&nbsp; 4359458 | TransDigm, Inc., 2023 Term Loan J–1st Lien, 6.168% (SOFR CME +2.500%), 2/28/2031 | &nbsp;&nbsp; 4364951 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7357451 |
|  | **Airlines—1.0%** |  |
| &nbsp;&nbsp; 1812821 | American Airlines, Inc., 2025 Term Loan–1st Lien, 5.918% (SOFR CME +2.250%), 4/20/2028 | &nbsp;&nbsp; 1799225 |
| &nbsp;&nbsp; 2684485 | American Airlines, Inc., 2025 Term Loan B–1st Lien, 6.418% (SOFR CME +2.750%), 5/28/2032 | &nbsp;&nbsp; 2664687 |
| &nbsp;&nbsp; 1106114 | United Airlines, Inc., 2026 Term Loan B–1st Lien, 5.431% (SOFR CME +1.750%), 2/22/2031 | &nbsp;&nbsp; 1105771 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5569683 |
|  | **Automotive—2.3%** |  |
| &nbsp;&nbsp; 952576 | Adient U.S., LLC, 2024 Term Loan B2–1st Lien, 5.668% (SOFR CME +2.000%), 1/31/2031 | &nbsp;&nbsp; 952352 |
| &nbsp;&nbsp; 2715000 | American Axle & Manufacturing, Inc., 2025 Incremental Term Loan C–1st Lien, 7.012% (SOFR CME +3.250%), 2/3/2033 | &nbsp;&nbsp; 2708226 |
| &nbsp;&nbsp; 2166328 | Clarios Global LP, 2024 USD Term Loan B–1st Lien, 6.168% (SOFR CME +2.500%), 5/6/2030 | &nbsp;&nbsp; 2162266 |
| &nbsp;&nbsp; 2487500 | Clarios Global LP, 2025 USD Term Loan B–1st Lien, 6.418% (SOFR CME +2.750%), 1/28/2032 | &nbsp;&nbsp; 2484391 |
| &nbsp;&nbsp; 2976764 | Dexko Global, Inc., 2021 USD Term Loan B–1st Lien, 7.678% (SOFR CME +3.750%), 10/4/2028 | &nbsp;&nbsp; 2923569 |
| &nbsp;&nbsp; 2084496 | IXS Holdings, Inc., 2025 Repriced Term Loan B–1st Lien, 9.167% (SOFR CME +5.500%), 9/5/2029 | &nbsp;&nbsp; 2084715 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 13315519 |
|  | **Building Materials—4.7%** |  |
| &nbsp;&nbsp; 4903033 | Chamberlain Group, Inc., 2025 Term Loan B–1st Lien, 6.418% (SOFR CME +2.750%), 9/8/2032 | &nbsp;&nbsp; 4864054 |
| &nbsp;&nbsp; 738797 | Core & Main LP, 2024 Term Loan D–1st Lien, 5.676% (SOFR CME +2.000%), 7/27/2028 | &nbsp;&nbsp; 740186 |
| &nbsp;&nbsp; 3233127 | CP Atlas Buyer, Inc., 2025 Term Loan–1st Lien, 8.918% (SOFR CME +5.250%), 7/8/2030 | &nbsp;&nbsp; 2990642 |
| &nbsp;&nbsp; 2709367 | Johnstone Supply LLC, 2026 Term Loan B–1st Lien, 5.918% (SOFR CME +2.250%), 6/9/2031 | &nbsp;&nbsp; 2695400 |
| &nbsp;&nbsp; 2471344 | MI Windows and Doors, LLC, 2024 Term Loan B2–1st Lien, 6.418% (SOFR CME +2.750%), 3/28/2031 | &nbsp;&nbsp; 2284955 |
| &nbsp;&nbsp; 3500000 | Potters Industries, LLC, 2025 Repriced Term Loan B–1st Lien, 6.173% (SOFR CME +2.500%), 12/23/2032 | &nbsp;&nbsp; 3502905 |
| &nbsp;&nbsp; 3370477 | Quikrete Holdings, Inc., 2025 Term Loan B–1st Lien, 5.918% (SOFR CME +2.250%), 2/10/2032 | &nbsp;&nbsp; 3368371 |
| &nbsp;&nbsp; 3470626 | Tecta America Corp., 2025 Repriced Term Loan B–1st Lien, 6.418% (SOFR CME +2.750%), 2/18/2032 | &nbsp;&nbsp; 3462210 |
| &nbsp;&nbsp; 3082486 | White Cap Buyer, LLC, 2024 Term Loan B–1st Lien, 6.918% (SOFR CME +3.250%), 10/19/2029 | &nbsp;&nbsp; 2971917 |
| &nbsp;&nbsp; 750000 | White Cap Buyer, LLC, 2026 Incremental Term Loan B–1st Lien, 7.168% (SOFR CME +3.500%), 2/10/2033 | &nbsp;&nbsp; 715781 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 27596421 |
|  | **Cable Satellite—1.2%** |  |
| &nbsp;&nbsp; 3059470 | Charter Communications Operating, LLC, 2024 Term Loan B5–1st Lien, 5.911% (SOFR CME +2.250%), 12/15/2031 | &nbsp;&nbsp; 3062728 |
| &nbsp;&nbsp; 2175193 | Sunrise Financing Partnership, Term Loan AAA–1st Lien, 6.099% (SOFR CME +2.470%), 2/15/2032 | &nbsp;&nbsp; 2164774 |
| &nbsp;&nbsp; 2250000 | Virgin Media Bristol, LLC, 2023 USD Term Loan Y–1st Lien, 7.052% (SOFR CME +3.175%), 3/31/2031 | &nbsp;&nbsp; 2059931 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7287433 |
|  | **Chemicals—2.4%** |  |
| &nbsp;&nbsp; 3005604 | Koppers, Inc., 2024 Repriced Term Loan B–1st Lien, 6.170% (SOFR CME +2.500%), 4/10/2030 | &nbsp;&nbsp; 3001847 |
| &nbsp;&nbsp; 1027166 | Olympus Water U.S. Holding Corp., 2024 USD Term Loan–1st Lien, 6.700% (SOFR CME +3.000%), 6/20/2031 | &nbsp;&nbsp; 989680 |
| &nbsp;&nbsp; 4239375 | Olympus Water U.S. Holding Corp., 2025 USD Term Loan B–1st Lien, 6.950% (SOFR CME +3.250%), 11/3/2032 | &nbsp;&nbsp; 4097632 |
| &nbsp;&nbsp; 3925034 | Sparta U.S. HoldCo LLC, 2024 Term Loan B–1st Lien, 6.668% (SOFR CME +3.000%), 8/2/2030 | &nbsp;&nbsp; 3927134 |
| &nbsp;&nbsp; 2084513 | W.R. Grace & Co.-Conn., 2025 Term Loan B–1st Lien, 6.700% (SOFR CME +3.000%), 8/19/2032 | &nbsp;&nbsp; 2082782 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 14099075 |
|  | **Consumer Cyclical Services—2.0%** |  |
| &nbsp;&nbsp; 3056508 | Allied Universal Holdco LLC, 2025 USD Term Loan B–1st Lien, 6.918% (SOFR CME +3.250%), 8/20/2032 | &nbsp;&nbsp; 3060329 |
| &nbsp;&nbsp; 3381424 | Fleet Midco I Ltd., 2024 1st Lien Term Loan B–1st Lien, 6.419% (SOFR CME +2.750%), 2/21/2031 | &nbsp;&nbsp; 3389878 |
| &nbsp;&nbsp; 2662253 | Garda World Security Corp., 2026 Term Loan B–1st Lien, 6.421% (SOFR CME +2.750%), 2/1/2029 | &nbsp;&nbsp; 2648941 |
| &nbsp;&nbsp; 325000<br><sup>2</sup> <br>| Pye-Barker Fire & Safety, LLC, 2025 Delayed Draw Term Loan–1st Lien, 1.250% (TBD (unfunded)), 12/16/2032 | &nbsp;&nbsp; 325869 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
| &nbsp;&nbsp; <br><sup>1</sup> <br>| FLOATING RATE LOANS—continued |  |
|  | **Consumer Cyclical Services—continued** |  |
| $2175000 | Pye-Barker Fire & Safety, LLC, 2025 Term Loan–1st Lien, 6.168% (SOFR CME +2.500%), 12/16/2032 | &nbsp;&nbsp; $2180818 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11605835 |
|  | **Consumer Products—3.0%** |  |
| &nbsp;&nbsp; 2500000 | ACP Tara Holdings, Inc., 2025 Term Loan B–1st Lien, 6.950% (SOFR CME +3.250%), 12/15/2032 | &nbsp;&nbsp; 2514575 |
| &nbsp;&nbsp; 2871771 | BCPE Empire Holdings, Inc., 2025 Term Loan B–1st Lien, 6.918% (SOFR CME +3.250%), 12/11/2030 | &nbsp;&nbsp; 2833476 |
| &nbsp;&nbsp; 2394000 | Beach Acquisition Bidco LLC, USD Term Loan B–1st Lien, 6.950% (SOFR CME +3.250%), 9/12/2032 | &nbsp;&nbsp; 2402978 |
| &nbsp;&nbsp; 1451487 | Belron Finance 2019 LLC, 2026 Repriced Term Loan B–1st Lien, 5.660% (SOFR CME +2.000%), 10/16/2031 | &nbsp;&nbsp; 1452757 |
| &nbsp;&nbsp; 2379105 | Champ Acquisition Corp., 2024 Term Loan B–1st Lien, 6.950% (SOFR CME +3.250%), 11/25/2031 | &nbsp;&nbsp; 2388407 |
| &nbsp;&nbsp; 3541125 | Lavender Dutch BorrowerCo B.V., USD Term Loan–1st Lien, 6.950% (SOFR CME +3.250%), 12/30/2032 | &nbsp;&nbsp; 3496861 |
| &nbsp;&nbsp; 2453713 | VC GB Holdings I Corp., 1st Lien Term Loan–1st Lien, 7.461% (SOFR CME +3.500%), 7/21/2028 | &nbsp;&nbsp; 2451480 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 17540534 |
|  | **Diversified Manufacturing—1.9%** |  |
| &nbsp;&nbsp; 2582063 | EMRLD Borrower LP, Term Loan B–1st Lien, 5.923% (SOFR CME +2.250%), 5/31/2030 | &nbsp;&nbsp; 2581740 |
| &nbsp;&nbsp; 3395740 | LSF12 Crown U.S. Commercial Bidco LLC, 2026 Term Loan B–1st Lien, 6.668% (SOFR CME +3.000%), 12/2/2031 | &nbsp;&nbsp; 3403380 |
| &nbsp;&nbsp; 3150000<br><sup>2</sup> <br>| Tega MC Australia Holdings Pty Ltd., Term Loan B–1st Lien, TBD, 3/25/2033 | &nbsp;&nbsp; 3134250 |
| &nbsp;&nbsp; 1964091 | Watlow Electric Manufacturing Co., Term Loan B–1st Lien, 6.667% (SOFR CME +3.000%), 3/2/2028 | &nbsp;&nbsp; 1968393 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11087763 |
|  | **Finance Companies—0.9%** |  |
| &nbsp;&nbsp; 3978591 | NEXUS Buyer, LLC, 2025 Term Loan B–1st Lien, 7.168% (SOFR CME +3.500%), 7/31/2031 | &nbsp;&nbsp; 3836854 |
| &nbsp;&nbsp; 1500000 | Orion U.S. Finco, Inc., 1st Lien Term Loan–1st Lien, 7.150% (SOFR CME +3.500%), 10/8/2032 | &nbsp;&nbsp; 1487812 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5324666 |
|  | **Financial Institutions—1.5%** |  |
| &nbsp;&nbsp; 3889800 | Alliant Holdings Intermediate, LLC, 2025 Term Loan B–1st Lien, 6.168% (SOFR CME +2.500%), 9/19/2031 | &nbsp;&nbsp; 3864381 |
| &nbsp;&nbsp; 2789146 | Aragorn Parent Corp., 2025 Repriced Term Loan B–1st Lien, 7.168% (SOFR CME +3.500%), 12/15/2028 | &nbsp;&nbsp; 2794375 |
| &nbsp;&nbsp; 2250000 | Gryphon Acquire Newco, LLC, Term Loan B–1st Lien, 6.675% (SOFR CME +3.000%), 9/13/2032 | &nbsp;&nbsp; 2254928 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8913684 |
|  | **Food & Beverage—1.4%** |  |
| &nbsp;&nbsp; 2000000 | BradyPlus Holdings LLC, 2025 Term Loan B–1st Lien, 7.201% (SOFR CME +3.500%), 12/29/2032 | &nbsp;&nbsp; 1972510 |
| &nbsp;&nbsp; 3494991 | Froneri Lux Finco S.a.r.l., 2025 USD Term Loan B6–1st Lien, 5.877% (SOFR CME +2.250%), 9/30/2032 | &nbsp;&nbsp; 3434073 |
| &nbsp;&nbsp; 2750000 | Treehouse Foods, Inc., 2026 Term Loan B–1st Lien, 7.918% (SOFR CME +4.250%), 2/11/2033 | &nbsp;&nbsp; 2740842 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8147425 |
|  | **Gaming—0.5%** |  |
| &nbsp;&nbsp; 1271071 | Caesars Entertainment, Inc., 2024 Term Loan B1–1st Lien, 5.918% (SOFR CME +2.250%), 2/6/2031 | &nbsp;&nbsp; 1237706 |
| &nbsp;&nbsp; 1483144 | Caesars Entertainment, Inc., Term Loan B–1st Lien, 5.918% (SOFR CME +2.250%), 2/6/2030 | &nbsp;&nbsp; 1444211 |
| &nbsp;&nbsp; 3722 | Jack Ohio Finance, LLC, 2025 Term Loan B–1st Lien, 7.668% (SOFR CME +4.000%), 2/2/2032 | &nbsp;&nbsp; 3685 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2685602 |
|  | **Health Care—7.9%** |  |
| &nbsp;&nbsp; 819170 | AHP Health Partners, Inc., 2025 Term Loan B–1st Lien, 5.918% (SOFR CME +2.250%), 9/20/2032 | &nbsp;&nbsp; 821320 |
| &nbsp;&nbsp; 2986244 | Bausch & Lomb Corp., 2025 Repriced Term Loan–1st Lien, 7.418% (SOFR CME +3.750%), 1/15/2031 | &nbsp;&nbsp; 2996516 |
| &nbsp;&nbsp; 3241793 | Bella Holding Co. LLC, 2025 Term Loan–1st Lien, 6.668% (SOFR CME +3.000%), 5/10/2028 | &nbsp;&nbsp; 3239507 |
| &nbsp;&nbsp; 1228202 | Concentra Health Services, Inc., 2025 Repriced Term Loan B–1st Lien, 5.668% (SOFR CME +2.000%), 7/26/2031 | &nbsp;&nbsp; 1233962 |
| &nbsp;&nbsp; 1956297 | Cotiviti Corp., 2024 Term Loan–1st Lien, 6.418% (SOFR CME +2.750%), 5/1/2031 | &nbsp;&nbsp; 1807139 |
| &nbsp;&nbsp; 792252 | Cotiviti Corp., 2025 2nd Amendment Term Loan–1st Lien, 6.418% (SOFR CME +2.750%), 3/26/2032 | &nbsp;&nbsp; 731249 |
| &nbsp;&nbsp; 3750000 | Ensemble RCM, LLC, 2026 Term Loan B–1st Lien, 6.700% (SOFR CME +3.000%), 2/9/2033 | &nbsp;&nbsp; 3714056 |
| &nbsp;&nbsp; 2750000 | ExamWorks BidCo, Inc., 2026 Term Loan B–1st Lien, 6.168% (SOFR CME +2.500%), 2/6/2033 | &nbsp;&nbsp; 2750014 |
| &nbsp;&nbsp; 3300000<br><sup>2</sup> <br>| Hologic, Inc., 2026 USD Term Loan B–1st Lien, TBD, 1/14/2033 | &nbsp;&nbsp; 3264740 |
| &nbsp;&nbsp; 1740626 | Inception Holdco S.a.r.l., 2025 USD Repriced Term Loan–1st Lien, 6.950% (SOFR CME +3.250%), 4/9/2031 | &nbsp;&nbsp; 1754404 |
| &nbsp;&nbsp; 2743125 | Lumexa Imaging, Inc., Term Loan B–1st Lien, 6.700% (SOFR CME +3.000%), 12/17/2032 | &nbsp;&nbsp; 2753851 |
| &nbsp;&nbsp; 1206973 | MH Sub I, LLC, 2023 Term Loan–1st Lien, 7.918% (SOFR CME +4.250%), 5/3/2028 | &nbsp;&nbsp; 1041014 |
| &nbsp;&nbsp; 2386753 | Opal Bidco SAS, USD Term Loan B4–1st Lien, 6.700% (SOFR CME +3.000%), 4/28/2032 | &nbsp;&nbsp; 2388245 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
| &nbsp;&nbsp; <br><sup>1</sup> <br>| FLOATING RATE LOANS—continued |  |
|  | **Health Care—continued** |  |
| $3043536 | Outcomes Group Holdings, Inc., 2025 Term Loan B–1st Lien, 6.673% (SOFR CME +3.000%), 5/6/2031 | &nbsp;&nbsp; $3047827 |
| &nbsp;&nbsp; 3175635 | Parexel International Corp., 2025 Repriced Term Loan B–1st Lien, 6.418% (SOFR CME +2.750%), 12/12/2031 | &nbsp;&nbsp; 3169014 |
| &nbsp;&nbsp; 2493687<br><sup>2</sup> <br>| Select Medical Corp., 2024 Term Loan B–1st Lien, TBD, 12/3/2031 | &nbsp;&nbsp; 2481218 |
| &nbsp;&nbsp; 2965066 | Sharp Services LLC, 2025 Term Loan B–1st Lien, 6.700% (SOFR CME +3.000%), 9/29/2032 | &nbsp;&nbsp; 2969706 |
| &nbsp;&nbsp; 2233124 | Waystar Technologies, Inc., 2025 Term Loan B–1st Lien, 5.668% (SOFR CME +2.000%), 10/22/2029 | &nbsp;&nbsp; 2230333 |
| &nbsp;&nbsp; 3478159 | WCG Intermediate Corp., 2026 Term Loan B–1st Lien, 6.418% (SOFR CME +2.750%), 2/25/2032 | &nbsp;&nbsp; 3399901 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 45794016 |
|  | **Industrial - Other—4.6%** |  |
| &nbsp;&nbsp; 3096310 | CD&R Hydra Buyer, Inc., 2024 Term Loan B–1st Lien, 7.768% (SOFR CME +4.000%), 3/25/2031 | &nbsp;&nbsp; 3099855 |
| &nbsp;&nbsp; 3360646 | Dynamo Newco II GmbH, 2025 USD Term Loan B–1st Lien, 6.921% (SOFR CME +3.250%), 9/30/2031 | &nbsp;&nbsp; 2948967 |
| &nbsp;&nbsp; 2208154 | Filtration Group Corp., 2025 USD Term Loan–1st Lien, 6.168% (SOFR CME +2.500%), 10/21/2028 | &nbsp;&nbsp; 2211599 |
| &nbsp;&nbsp; 4212984 | Fluid-Flow Products, Inc., 2026 Term Loan B–1st Lien, 6.918% (SOFR CME +3.250%), 3/4/2033 | &nbsp;&nbsp; 4218250 |
| &nbsp;&nbsp; 1724889 | LSF12 Helix Parent LLC, USD Term Loan B–1st Lien, 7.168% (SOFR CME +3.500%), 2/10/2033 | &nbsp;&nbsp; 1704190 |
| &nbsp;&nbsp; 2395095 | Madison IAQ, LLC, Term Loan–1st Lien, 6.128% (SOFR CME +2.500%), 6/21/2028 | &nbsp;&nbsp; 2397275 |
| &nbsp;&nbsp; 1917165 | Madison Safety & Flow, LLC, 2025 1st Lien Term Loan B–1st Lien, 6.176% (SOFR CME +2.500%), 9/26/2031 | &nbsp;&nbsp; 1920367 |
| &nbsp;&nbsp; 2244375 | Pro Mach Group, Inc., 2025 1st Lien Term Loan B–1st Lien, 6.418% (SOFR CME +2.750%), 10/15/2032 | &nbsp;&nbsp; 2243084 |
| &nbsp;&nbsp; 3127960 | Roper Industrial Products Investment Co. LLC, 2026 USD Term Loan B–1st Lien, 6.200% (SOFR CME +2.500%), 11/22/2029 | &nbsp;&nbsp; 3131651 |
| &nbsp;&nbsp; 1980075 | TK Elevator Midco GmbH, 2025 USD Term Loan B–1st Lien, 6.377% (SOFR CME +2.750%), 4/30/2030 | &nbsp;&nbsp; 1986540 |
| &nbsp;&nbsp; 750000<br><sup>2</sup> <br>| TK Elevator Midco GmbH, 2026 USD Term Loan B–1st Lien, TBD, 4/30/2030 | &nbsp;&nbsp; 752033 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 26613811 |
|  | **Insurance - P&C—7.7%** |  |
| &nbsp;&nbsp; 3940698 | Acrisure, LLC, 2024 1st Lien Term Loan B6–1st Lien, 6.668% (SOFR CME +3.000%), 11/6/2030 | &nbsp;&nbsp; 3825433 |
| &nbsp;&nbsp; 1948191 | AmWINS Group, Inc., 2026 Term Loan B–1st Lien, 5.668% (SOFR CME +2.000%), 1/30/2032 | &nbsp;&nbsp; 1937496 |
| &nbsp;&nbsp; 3000000 | Amynta Agency Borrower, Inc., 2026 Repriced Term Loan B–1st Lien, 6.168% (SOFR CME +2.500%), 12/29/2031 | &nbsp;&nbsp; 2960895 |
| &nbsp;&nbsp; 4398042 | Ardonagh Midco 3 PLC, 2024 USD Term Loan B–1st Lien, 6.370%–6.450% (SOFR CME +2.750%), 2/15/2031 | &nbsp;&nbsp; 4301857 |
| &nbsp;&nbsp; 3456381 | Baldwin Insurance Group Holdings LLC, 2025 Term Loan B2–1st Lien, 6.178% (SOFR CME +2.500%), 5/26/2031 | &nbsp;&nbsp; 3405987 |
| &nbsp;&nbsp; 4655234 | Broadstreet Partners, Inc., 2024 Term Loan B4–1st Lien, 6.168% (SOFR CME +2.500%), 6/13/2031 | &nbsp;&nbsp; 4548466 |
| &nbsp;&nbsp; 3921645 | HUB International Ltd., 2025 Term Loan B–1st Lien, 5.920% (SOFR CME +2.250%), 6/20/2030 | &nbsp;&nbsp; 3917311 |
| &nbsp;&nbsp; 4086826 | Jones DesLauriers Insurance Management, Inc., 2026 Repriced Term Loan B–1st Lien, 6.664% (SOFR CME <br> +3.000%), 2/2/2033<br>| &nbsp;&nbsp; 3983389 |
| &nbsp;&nbsp; 3827539 | Ryan Specialty Group, LLC, 2024 USD Term Loan B–1st Lien, 5.668% (SOFR CME +2.000%), 9/15/2031 | &nbsp;&nbsp; 3827539 |
| &nbsp;&nbsp; 4161599 | Sedgwick Claims Management Services, Inc., 2023 Term Loan B–1st Lien, 6.168% (SOFR CME +2.500%), 7/31/2031 | &nbsp;&nbsp; 4091746 |
| &nbsp;&nbsp; 3766936 | Truist Insurance Holdings, LLC, 2024 Term Loan B–1st Lien, 6.450% (SOFR CME +2.750%), 5/6/2031 | &nbsp;&nbsp; 3723390 |
| &nbsp;&nbsp; 526316 | Truist Insurance Holdings, LLC, 2nd Lien Term Loan–2nd Lien, 8.450% (SOFR CME +4.750%), 5/6/2032 | &nbsp;&nbsp; 523026 |
| &nbsp;&nbsp; 3609035 | USI, Inc., 2024 Term Loan D–1st Lien, 5.950% (SOFR CME +2.250%), 11/21/2029 | &nbsp;&nbsp; 3605282 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 44651817 |
|  | **Leisure—0.4%** |  |
| &nbsp;&nbsp; 2335089 | SeaWorld Parks & Entertainment, Inc., 2024 Term Loan B3–1st Lien, 5.668% (SOFR CME +2.000%), 12/4/2031 | &nbsp;&nbsp; 2308819 |
|  | **Media Entertainment—1.5%** |  |
| &nbsp;&nbsp; 2556531 | Emerald X, Inc., 2025 Term Loan B1–1st Lien, 6.918% (SOFR CME +3.250%), 1/30/2032 | &nbsp;&nbsp; 2565057 |
| &nbsp;&nbsp; 1467020 | Magnite, Inc., 2025 Repriced Term Loan B–1st Lien, 6.668% (SOFR CME +3.000%), 2/6/2031 | &nbsp;&nbsp; 1456018 |
| &nbsp;&nbsp; 1000000 | Outfront Media Capital, LLC, 2025 Term Loan B–1st Lien, 5.681% (SOFR CME +2.000%), 9/24/2032 | &nbsp;&nbsp; 1003440 |
| &nbsp;&nbsp; 2567813 | Univision Communications, Inc., 2022 First Lien Term Loan B–1st Lien, 7.950% (SOFR CME +4.250%), 6/24/2029 | &nbsp;&nbsp; 2562998 |
| &nbsp;&nbsp; 1431825 | Univision Communications, Inc., 2022 Term Loan B–1st Lien, 7.032% (SOFR CME +3.250%), 1/31/2029 | &nbsp;&nbsp; 1417506 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9005019 |
|  | **Metals & Mining—0.7%** |  |
| &nbsp;&nbsp; 3996652 | Grinding Media, Inc., 2024 Term Loan B–1st Lien, 7.173% (SOFR CME +3.500%), 10/12/2028 | &nbsp;&nbsp; 4004146 |
|  | **Midstream—1.9%** |  |
| &nbsp;&nbsp; 2193250 | Blackfin Pipeline, LLC, Term Loan B–1st Lien, 6.668% (SOFR CME +3.000%), 9/29/2032 | &nbsp;&nbsp; 2207989 |
| &nbsp;&nbsp; 2703530 | M6 ETX Holdings II Midco, LLC, 2025 1st Lien Term Loan B–1st Lien, 6.168% (SOFR CME +2.500%), 4/1/2032 | &nbsp;&nbsp; 2716628 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
| &nbsp;&nbsp; <br><sup>1</sup> <br>| FLOATING RATE LOANS—continued |  |
|  | **Midstream—continued** |  |
| $2250000 | Meade Pipeline Co., LLC, Term Loan B–1st Lien, 5.687% (SOFR CME +2.000%), 9/22/2032 | &nbsp;&nbsp; $2253746 |
| &nbsp;&nbsp; 1875000 | NGL Energy Partners LP, 2026 Term Loan B–1st Lien, 7.176% (SOFR CME +3.500%), 3/11/2033 | &nbsp;&nbsp; 1879397 |
| &nbsp;&nbsp; 1900000 | Pelican Pipeline LLC, Term Loan B–1st Lien, 8.500% (PRIME +1.750%), 3/25/2033 | &nbsp;&nbsp; 1903563 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10961323 |
|  | **Packaging—1.0%** |  |
| &nbsp;&nbsp; 2952713 | Charter NEX U.S., Inc., 2025 Repriced Term Loan B–1st Lien, 6.171% (SOFR CME +2.500%), 11/29/2030 | &nbsp;&nbsp; 2938776 |
| &nbsp;&nbsp; 3451 | Clydesdale Acquisition Holdings, Inc., 2025 Delayed Draw Term Loan–1st Lien, 6.918% (SOFR CME +3.250%), 4/1/2032 | &nbsp;&nbsp; 3232 |
| &nbsp;&nbsp; 243972 | Clydesdale Acquisition Holdings, Inc., 2025 Term Loan B–1st Lien, 6.918% (SOFR CME +3.250%), 4/1/2032 | &nbsp;&nbsp; 228511 |
| &nbsp;&nbsp; 2809723 | Clydesdale Acquisition Holdings, Inc., Term Loan B–1st Lien, 6.843% (SOFR CME +3.175%), 4/13/2029 | &nbsp;&nbsp; 2687430 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5857949 |
|  | **Pharmaceuticals—2.9%** |  |
| &nbsp;&nbsp; 2887994 | Amneal Pharmaceuticals LLC, 2026 Term Loan–1st Lien, 6.668% (SOFR CME +3.000%), 8/1/2032 | &nbsp;&nbsp; 2901235 |
| &nbsp;&nbsp; 2483738 | Bausch Health Cos., Inc., 2025 Term Loan B–1st Lien, 9.918% (SOFR CME +6.250%), 10/8/2030 | &nbsp;&nbsp; 2403699 |
| &nbsp;&nbsp; 2486250 | Genmab AS, Term Loan B–1st Lien, 6.700% (SOFR CME +3.000%), 12/13/2032 | &nbsp;&nbsp; 2498482 |
| &nbsp;&nbsp; 758658 | Grifols Worldwide Operations USA, Inc., 2019 USD Term Loan B–1st Lien, 5.768% (SOFR CME +2.000%), 11/15/2027 | &nbsp;&nbsp; 758814 |
| &nbsp;&nbsp; 5419254 | Organon & Co., 2024 USD Term Loan–1st Lien, 5.918% (SOFR CME +2.250%), 5/19/2031 | &nbsp;&nbsp; 5176743 |
| &nbsp;&nbsp; 3000000 | Resilience Parent LLC, 1st Lien Term Loan–1st Lien, 6.100% (SOFR CME +2.500%), 2/28/2033 | &nbsp;&nbsp; 2988285 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16727258 |
|  | **Restaurant—0.7%** |  |
| &nbsp;&nbsp; 1557986 | 1011778 B.C. Unlimited Liability Co., 2024 Term Loan B6–1st Lien, 5.418% (SOFR CME +1.750%), 9/20/2030 | &nbsp;&nbsp; 1556435 |
| &nbsp;&nbsp; 2250662 | IRB Holding Corp., 2025 Term Loan B–1st Lien, 6.176% (SOFR CME +2.500%), 12/16/2030 | &nbsp;&nbsp; 2247849 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3804284 |
|  | **Retailers—1.0%** |  |
| &nbsp;&nbsp; 3599823 | CNT Holdings I Corp., 2025 Term Loan–1st Lien, 6.167% (SOFR CME +2.500%), 11/8/2032 | &nbsp;&nbsp; 3602343 |
| &nbsp;&nbsp; 2400000 | Men's Wearhouse, Inc., 2026 Term Loan B–1st Lien, 9.414% (SOFR CME +5.750%), 1/28/2031 | &nbsp;&nbsp; 2402256 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6004599 |
|  | **Services—0.4%** |  |
| &nbsp;&nbsp; 2476115 | VT Topco, Inc., 2024 1st Lien Term Loan B–1st Lien, 6.668% (SOFR CME +3.000%), 8/9/2030 | &nbsp;&nbsp; 2409260 |
|  | **Technology—17.9%** |  |
| &nbsp;&nbsp; 500000 | Altar Bidco, Inc., 2021 2nd Lien Term Loan–2nd Lien, 9.108% (SOFR CME +5.600%), 2/1/2030 | &nbsp;&nbsp; 475000 |
| &nbsp;&nbsp; 2007907 | Altar Bidco, Inc., 2021 Term Loan–1st Lien, 6.608% (SOFR CME +3.100%), 2/1/2029 | &nbsp;&nbsp; 1999123 |
| &nbsp;&nbsp; 3564595 | Applied Systems, Inc., 2024 1st Lien Term Loan–1st Lien, 5.950% (SOFR CME +2.250%), 2/24/2031 | &nbsp;&nbsp; 3500468 |
| &nbsp;&nbsp; 3536474 | Athenahealth Group, Inc., 2022 Term Loan B–1st Lien, 6.418% (SOFR CME +2.750%), 2/15/2029 | &nbsp;&nbsp; 3476796 |
| &nbsp;&nbsp; 2481276 | Avalara, Inc., 2025 Term Loan–1st Lien, 6.450% (SOFR CME +2.750%), 3/26/2032 | &nbsp;&nbsp; 2428549 |
| &nbsp;&nbsp; 800000 | Boxer Parent Co., Inc., 2024 2nd Lien Term Loan–2nd Lien, 9.417% (SOFR CME +5.750%), 7/30/2032 | &nbsp;&nbsp; 674004 |
| &nbsp;&nbsp; 2663623 | Boxer Parent Co., Inc., 2025 USD Term Loan B–1st Lien, 6.673% (SOFR CME +3.000%), 7/30/2031 | &nbsp;&nbsp; 2476890 |
| &nbsp;&nbsp; 2600000 | Camelot U.S. Acquisition, LLC, 2025 Incremental Term Loan B–1st Lien, 6.918% (SOFR CME +3.250%), 1/31/2031 | &nbsp;&nbsp; 2268500 |
| &nbsp;&nbsp; 737519 | Cloud Software Group, Inc., 2025 Term Loan B (2031)–1st Lien, 6.950% (SOFR CME +3.250%), 3/21/2031 | &nbsp;&nbsp; 677780 |
| &nbsp;&nbsp; 3154742 | Cloud Software Group, Inc., 2025 Term Loan B (2032)–1st Lien, 6.950% (SOFR CME +3.250%), 8/13/2032 | &nbsp;&nbsp; 2895596 |
| &nbsp;&nbsp; 2644916 | Cloudera, Inc., 2021 Term Loan–1st Lien, 7.518% (SOFR CME +3.750%), 10/8/2028 | &nbsp;&nbsp; 2368853 |
| &nbsp;&nbsp; 1902224 | CoreLogic, Inc., Term Loan–1st Lien, 7.282% (SOFR CME +3.500%), 6/2/2028 | &nbsp;&nbsp; 1823767 |
| &nbsp;&nbsp; 2869203 | Cvent, Inc., 2025 Term Loan B–1st Lien, 6.450% (SOFR CME +2.750%), 6/17/2030 | &nbsp;&nbsp; 2735068 |
| &nbsp;&nbsp; 3700000 | Dayforce, Inc., 2026 Term Loan–1st Lien, 6.663% (SOFR CME +3.000%), 2/4/2033 | &nbsp;&nbsp; 3509857 |
| &nbsp;&nbsp; 2243750 | Disco Parent, Inc., 2025 Term Loan B–1st Lien, 6.673% (SOFR CME +3.000%), 8/6/2032 | &nbsp;&nbsp; 2207289 |
| &nbsp;&nbsp; 3017845 | Dragon Buyer, Inc., Term Loan B–1st Lien, 6.450% (SOFR CME +2.750%), 9/30/2031 | &nbsp;&nbsp; 2882057 |
| &nbsp;&nbsp; 4750000<br><sup>2</sup> <br>| Electronic Arts, Inc., USD Term Loan B–1st Lien, TBD, 3/24/2033 | &nbsp;&nbsp; 4726250 |
| &nbsp;&nbsp; 2227500 | Ellucian Holdings, Inc., 2024 1st Lien Term Loan B–1st Lien, 6.168% (SOFR CME +2.500%), 10/8/2029 | &nbsp;&nbsp; 2169953 |
| &nbsp;&nbsp; 600000 | Ellucian Holdings, Inc., 2024 2nd Lien Term Loan–2nd Lien, 8.418% (SOFR CME +4.750%), 11/22/2032 | &nbsp;&nbsp; 576375 |
| &nbsp;&nbsp; 4038625 | Epicor Software Corp., 2024 Term Loan F–1st Lien, 6.168% (SOFR CME +2.500%), 5/30/2031 | &nbsp;&nbsp; 3967202 |
| &nbsp;&nbsp; 3468816 | Fortress Intermediate 3, Inc., 2025 Term Loan B–1st Lien, 6.669% (SOFR CME +3.000%), 6/27/2031 | &nbsp;&nbsp; 3447136 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
| &nbsp;&nbsp; <br><sup>1</sup> <br>| FLOATING RATE LOANS—continued |  |
|  | **Technology—continued** |  |
| $3750456 | Genesys Cloud Services Holdings II, LLC, 2025 USD Term Loan B–1st Lien, 6.168% (SOFR CME +2.500%), 1/30/2032 | &nbsp;&nbsp; $3595750 |
| &nbsp;&nbsp; 1623126 | Imagine Learning, LLC, Term Loan–1st Lien, 7.168% (SOFR CME +3.500%), 12/21/2029 | &nbsp;&nbsp; 1509515 |
| &nbsp;&nbsp; 1993741 | Instructure Holdings, Inc., 2025 Repriced Term Loan–1st Lien, 6.437% (SOFR CME +2.750%), 11/13/2031 | &nbsp;&nbsp; 1917729 |
| &nbsp;&nbsp; 1994975 | iSolved, Inc., 2025 Term Loan–1st Lien, 6.418% (SOFR CME +2.750%), 10/15/2030 | &nbsp;&nbsp; 1905829 |
| &nbsp;&nbsp; 1895250 | KnowBe4, Inc., 2025 Term Loan–1st Lien, 7.417% (SOFR CME +3.750%), 7/23/2032 | &nbsp;&nbsp; 1699404 |
| &nbsp;&nbsp; 3710764 | Marcel LUX IV S.a.r.l., 2025 USD Repriced Term Loan–1st Lien, 6.410% (SOFR CME +2.750%), 11/12/2030 | &nbsp;&nbsp; 3678295 |
| &nbsp;&nbsp; 4170761 | McAfee, LLC, 2024 USD 1st Lien Term Loan B–1st Lien, 6.668% (SOFR CME +3.000%), 3/1/2029 | &nbsp;&nbsp; 3738044 |
| &nbsp;&nbsp; 2226305 | Mitchell International, Inc., 2026 Term Loan–1st Lien, 6.668% (SOFR CME +3.000%), 6/17/2031 | &nbsp;&nbsp; 2130407 |
| &nbsp;&nbsp; 3708640 | Modena Buyer, LLC, Term Loan–1st Lien, 7.917% (SOFR CME +4.250%), 7/1/2031 | &nbsp;&nbsp; 3341373 |
| &nbsp;&nbsp; 1428771 | NCR Atleos LLC, 2025 Term Loan B–1st Lien, 6.686% (SOFR CME +3.000%), 4/16/2029 | &nbsp;&nbsp; 1429664 |
| &nbsp;&nbsp; 2750000 | Ping Identity Corp., 2025 Term Loan–1st Lien, 6.422% (SOFR CME +2.750%), 11/15/2032 | &nbsp;&nbsp; 2719062 |
| &nbsp;&nbsp; 2993722 | Project Alpha Intermediate Holding, Inc., 2024 1st Lien Term Loan B–1st Lien, 6.950% (SOFR CME +3.250%), 10/26/2030 | &nbsp;&nbsp; 2282040 |
| &nbsp;&nbsp; 1300000 | Project Alpha Intermediate Holding, Inc., 2025 2nd Lien Incremental Term Loan–2nd Lien, 8.700% (SOFR CME <br> +5.000%), 5/9/2033<br>| &nbsp;&nbsp; 797550 |
| &nbsp;&nbsp; 1104851 | Proofpoint, Inc., 2025 Repriced Term Loan–1st Lien, 6.700% (SOFR CME +3.000%), 8/31/2028 | &nbsp;&nbsp; 1071247 |
| &nbsp;&nbsp; 1101317 | Quartz Acquireco, LLC, 2025 Term Loan B–1st Lien, 5.950% (SOFR CME +2.250%), 6/28/2030 | &nbsp;&nbsp; 922353 |
| &nbsp;&nbsp; 1500000 | Relativity ODA LLC, 2026 Term Loan B–1st Lien, 6.418% (SOFR CME +2.750%), 1/30/2033 | &nbsp;&nbsp; 1485938 |
| &nbsp;&nbsp; 3174841 | Rocket Software, Inc., 2023 USD Term Loan B–1st Lien, 7.418% (SOFR CME +3.750%), 11/28/2028 | &nbsp;&nbsp; 3052483 |
| &nbsp;&nbsp; 3461018 | Skopima Merger Sub, Inc., 2024 Repriced Term Loan–1st Lien, 7.418% (SOFR CME +3.750%), 5/12/2028 | &nbsp;&nbsp; 2724461 |
| &nbsp;&nbsp; 1466338 | SS&C Technologies, Inc., 2024 Term Loan B8–1st Lien, 5.668% (SOFR CME +2.000%), 5/9/2031 | &nbsp;&nbsp; 1463310 |
| &nbsp;&nbsp; 1995000<br><sup>2</sup> <br>| Tuple U.S. Bidco LLC, Term Loan B–1st Lien, TBD, 1/28/2033 | &nbsp;&nbsp; 1940138 |
| &nbsp;&nbsp; 3290118 | UKG, Inc., 2024 Term Loan B–1st Lien, 6.167% (SOFR CME +2.500%), 2/10/2031 | &nbsp;&nbsp; 3148445 |
| &nbsp;&nbsp; 2619392 | VS Buyer, LLC, 2025 Term Loan B–1st Lien, 5.917% (SOFR CME +2.250%), 4/12/2031 | &nbsp;&nbsp; 2564817 |
| &nbsp;&nbsp; 1295197 | World Wide Technology Holding Co. LLC, 2025 Repriced Term Loan B–1st Lien, 5.668% (SOFR CME +2.000%), 3/1/2030 | &nbsp;&nbsp; 1293177 |
| &nbsp;&nbsp; 2236880 | XPLOR T1 LLC, 2025 Term Loan–1st Lien, 7.167% (SOFR CME +3.500%), 12/1/2032 | &nbsp;&nbsp; 2085890 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp; 103783434 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL FLOATING RATE LOANS <br>(IDENTIFIED COST $428,686,973)<br>| &nbsp;&nbsp; 422456826 |
|  | CORPORATE BONDS—6.9% |  |
|  | **Airlines—0.0%** |  |
| &nbsp;&nbsp; 83333 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 144A, 5.500%, 4/20/2026 | &nbsp;&nbsp; 83448 |
|  | **Automotive—0.6%** |  |
| &nbsp;&nbsp; 600000 | Adient Global Holdings Ltd., Sr. Unsecd. Note, 144A, 8.250%, 4/15/2031 | &nbsp;&nbsp; 622745 |
| &nbsp;&nbsp; 250000 | Cyprium Corp. / Cyprium Holdings, Sr. Unsecd. Note, 144A, 6.125%, 4/15/2031 | &nbsp;&nbsp; 247079 |
| &nbsp;&nbsp; 600000 | Dornoch Debt Merger Sub., Inc., Sr. Unsecd. Note, 144A, 6.625%, 10/15/2029 | &nbsp;&nbsp; 536237 |
| &nbsp;&nbsp; 2000000 | IHO Verwaltungs GmbH, Sr. Secd. Note, 144A, 6.375%, 5/15/2029 | &nbsp;&nbsp; 2000546 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3406607 |
|  | **Building Materials—0.2%** |  |
| &nbsp;&nbsp; 650000 | MIWD Holdco II LLC/ MIWD Finance Corp., Sr. Unsecd. Note, 144A, 5.500%, 2/1/2030 | &nbsp;&nbsp; 562112 |
| &nbsp;&nbsp; 425000 | White Cap Supply Holdings LLC, Sr. Unsecd. Note, 144A, 7.375%, 11/15/2030 | &nbsp;&nbsp; 412568 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974680 |
|  | **Cable Satellite—0.3%** |  |
| &nbsp;&nbsp; 650000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 7.375%, 3/1/2031 | &nbsp;&nbsp; 662070 |
| &nbsp;&nbsp; 1125000 | Sirius XM Radio LLC, Sr. Unsecd. Note, 144A, 5.875%, 4/15/2032 | &nbsp;&nbsp; 1118655 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1780725 |
|  | **Chemicals—0.4%** |  |
| &nbsp;&nbsp; 1725000 | Celanese US Holdings LLC, Sr. Unsecd. Note, 7.000%, 2/15/2031 | &nbsp;&nbsp; 1772540 |
| &nbsp;&nbsp; 250000 | WR Grace Holdings LLC, Sr. Unsecd. Note, 144A, 5.625%, 8/15/2029 | &nbsp;&nbsp; 230171 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2002711 |
|  | **Consumer Cyclical Services—0.2%** |  |
| &nbsp;&nbsp; 1350000 | Garda World Security Corp., Sr. Unsecd. Note, 144A, 6.000%, 6/1/2029 | &nbsp;&nbsp; 1286313 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Products—0.1%** |  |
| $425000 | Whirlpool Corp., Sr. Unsecd. Note, 6.125%, 6/15/2030 | &nbsp;&nbsp; $415304 |
|  | **Diversified Manufacturing—0.4%** |  |
| &nbsp;&nbsp; 1250000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 5.250%, 4/15/2031 | &nbsp;&nbsp; 1245663 |
| &nbsp;&nbsp; 1250000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.375%, 3/15/2029 | &nbsp;&nbsp; 1273949 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2519612 |
|  | **Finance Companies—0.3%** |  |
| &nbsp;&nbsp; 750000 | CrossCountry Intermediate HoldCo LLC, Sr. Unsecd. Note, 144A, 6.500%, 10/1/2030 | &nbsp;&nbsp; 715791 |
| &nbsp;&nbsp; 450000 | Rocket Cos., Inc., Sr. Unsecd. Note, 144A, 6.125%, 8/1/2030 | &nbsp;&nbsp; 454431 |
| &nbsp;&nbsp; 825000 | UWM Holdings LLC, Sr. Unsecd. Note, 144A, 6.250%, 3/15/2031 | &nbsp;&nbsp; 752009 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1922231 |
|  | **Gaming—0.2%** |  |
| &nbsp;&nbsp; 900000 | Churchill Downs, Inc., Sr. Unsecd. Note, 144A, 5.500%, 4/1/2027 | &nbsp;&nbsp; 899343 |
| &nbsp;&nbsp; 200000 | Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp., Secured Note, 144A, 6.250%, 10/15/2030 | &nbsp;&nbsp; 199613 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1098956 |
|  | **Health Care—0.3%** |  |
| &nbsp;&nbsp; 1600000 | AHP Health Partners, Inc., Sr. Unsecd. Note, 144A, 5.750%, 7/15/2029 | &nbsp;&nbsp; 1583542 |
|  | **Independent Energy—0.2%** |  |
| &nbsp;&nbsp; 750000 | Ascent Resources Utica Holdings LLC/ ARU Finance Corp., Sr. Unsecd. Note, 144A, 5.875%, 6/30/2029 | &nbsp;&nbsp; 749714 |
| &nbsp;&nbsp; 500000 | Chord Energy Corp., Sr. Unsecd. Note, 144A, 6.000%, 10/1/2030 | &nbsp;&nbsp; 506930 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1256644 |
|  | **Industrial - Other—0.2%** |  |
| &nbsp;&nbsp; 1125000 | Madison IAQ LLC, Sr. Unsecd. Note, 144A, 5.875%, 6/30/2029 | &nbsp;&nbsp; 1104002 |
|  | **Insurance - P&C—0.4%** |  |
| &nbsp;&nbsp; 300000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 144A, 5.875%, 11/1/2029 | &nbsp;&nbsp; 290506 |
| &nbsp;&nbsp; 1000000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, Sr. Unsecd. Note, 144A, 6.750%, 10/15/2027 | &nbsp;&nbsp; 999853 |
| &nbsp;&nbsp; 1200000 | Ardonagh Finco Ltd., Sr. Secd. Note, 144A, 7.750%, 2/15/2031 | &nbsp;&nbsp; 1214949 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2505308 |
|  | **Metals & Mining—0.1%** |  |
| &nbsp;&nbsp; 500000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 6.875%, 11/1/2029 | &nbsp;&nbsp; 500293 |
|  | **Midstream—0.6%** |  |
| &nbsp;&nbsp; 775000 | Blue Racer Midstream LLC/Blue Racer Finance Corp., Sr. Unsecd. Note, 144A, 7.000%, 7/15/2029 | &nbsp;&nbsp; 801059 |
| &nbsp;&nbsp; 750000 | CNX Midstream Partners LP, Sr. Unsecd. Note, 144A, 4.750%, 4/15/2030 | &nbsp;&nbsp; 713566 |
| &nbsp;&nbsp; 525000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 5.875%, 3/1/2028 | &nbsp;&nbsp; 528678 |
| &nbsp;&nbsp; 500000 | NGL Energy operating LLC / Financing Corp., Secured Note, 144A, 8.125%, 2/15/2029 | &nbsp;&nbsp; 515402 |
| &nbsp;&nbsp; 1000000 | Venture Global Plaquemines LNG LLC, Secured Note, 144A, 6.125%, 12/15/2030 | &nbsp;&nbsp; 1028976 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3587681 |
|  | **Oil Field Services—0.2%** |  |
| &nbsp;&nbsp; 1325000 | USA Compression Partners LP, Sr. Unsecd. Note, 144A, 7.125%, 3/15/2029 | &nbsp;&nbsp; 1356490 |
|  | **Packaging—0.2%** |  |
| &nbsp;&nbsp; 300000 | Ardagh Group S.A., Secured Note, 144A, 9.500%, 12/1/2030 | &nbsp;&nbsp; 314794 |
| &nbsp;&nbsp; 887000 | Trivium Packaging Finance B.V., 144A, 8.250%, 7/15/2030 | &nbsp;&nbsp; 928736 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1243530 |
|  | **Paper—0.3%** |  |
| &nbsp;&nbsp; 2000000 | Clearwater Paper Corp., Sr. Unsecd. Note, 144A, 4.750%, 8/15/2028 | &nbsp;&nbsp; 1732250 |
|  | **Pharmaceuticals—0.3%** |  |
| &nbsp;&nbsp; 1750000 | Grifols Escrow Issuer S.A., Sr. Unsecd. Note, 144A, 4.750%, 10/15/2028 | &nbsp;&nbsp; 1715157 |
|  | **Retailers—0.3%** |  |
| &nbsp;&nbsp; 1100000 | Academy Ltd., Sr. Secd. Note, 144A, 6.000%, 11/15/2027 | &nbsp;&nbsp; 1104151 |
| &nbsp;&nbsp; 75000 | Mens Wearhouse, Inc., Secured Note, 144A, 9.000%, 2/1/2031 | &nbsp;&nbsp; 77023 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Retailers—continued** |  |
| $275000 | William Carter Co., Sr. Unsecd. Note, 144A, 7.375%, 2/15/2031 | &nbsp;&nbsp; $280832 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1462006 |
|  | **Technology—1.1%** |  |
| &nbsp;&nbsp; 275000 | APLD Computeco LLC, 144A, 6.750%, 3/15/2031 | &nbsp;&nbsp; 273168 |
| &nbsp;&nbsp; 975000 | APLD Computeco LLC, Sr. Secd. Note, 144A, 9.250%, 12/15/2030 | &nbsp;&nbsp; 1005422 |
| &nbsp;&nbsp; 225000 | Black Pearl Compute LLC, Secured Note, 144A, 6.125%, 2/15/2031 | &nbsp;&nbsp; 229286 |
| &nbsp;&nbsp; 675000 | Cipher Compute LLC, 144A, 7.125%, 11/15/2030 | &nbsp;&nbsp; 700163 |
| &nbsp;&nbsp; 1000000 | Clarivate Science Holdings Corp., Sr. Unsecd. Note, 144A, 4.875%, 7/1/2029 | &nbsp;&nbsp; 868911 |
| &nbsp;&nbsp; 1000000 | Consensus Cloud Solutions, Inc., Sr. Unsecd. Note, 144A, 6.500%, 10/15/2028 | &nbsp;&nbsp; 991466 |
| &nbsp;&nbsp; 950000 | Rocket Software, Inc., Sr. Secd. Note, 144A, 9.000%, 11/28/2028 | &nbsp;&nbsp; 949566 |
| &nbsp;&nbsp; 300000 | SV RNO Property Owner 1 LLC, Secured Note, 144A, 5.875%, 3/1/2031 | &nbsp;&nbsp; 296726 |
| &nbsp;&nbsp; 525000 | VOLTAGRID LLC, 144A, 7.375%, 11/1/2030 | &nbsp;&nbsp; 542466 |
| &nbsp;&nbsp; 675000 | WULF Compute LLC, Secured Note, 144A, 7.750%, 10/15/2030 | &nbsp;&nbsp; 713688 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6570862 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $40,232,448)<br>| &nbsp;&nbsp;&nbsp; 40108352 |
|  | COMMON STOCKS—0.1% |  |
|  | **Aerospace/Defense—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46202<br><sup>3</sup> <br>| Constellis Holdings LLC | &nbsp;&nbsp; 2541 |
|  | **Health Care—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180104<br><sup>3</sup> <br>| Carestream Health, Inc. | &nbsp;&nbsp; 172630 |
|  | **Technology—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3611<br><sup>3</sup> <br>| Mitel Networks (International) Ltd. | &nbsp;&nbsp; 993 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $3,889,651)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176164 |
|  | ASSET-BACKED SECURITIES—0.0% |  |
|  | **Automotive—0.0%** |  |
| $100029<br><sup>1</sup> <br>| Chesapeake Funding II LLC 2023-1A, Class A2, 4.922% (30-DAY AVERAGE SOFR +1.250%), 5/15/2035 | &nbsp;&nbsp; 100156 |
| &nbsp;&nbsp; 10047 | Enterprise Fleet Financing LLC 2022-4, Class A2, 5.760%, 10/22/2029 | &nbsp;&nbsp; 10057 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL ASSET-BACKED SECURITIES <br>(IDENTIFIED COST $110,074)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110213 |
|  | EXCHANGE-TRADED FUNDS—7.4% |  |
| &nbsp;&nbsp;&nbsp; 1060845 | Invesco Senior Loan ETF | &nbsp;&nbsp; 21651846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535650 | State Street Blackstone Senior Loan ETF | &nbsp;&nbsp; 21500991 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL EXCHANGE-TRADED FUNDS <br>(IDENTIFIED COST $44,604,348)<br>| &nbsp;&nbsp;&nbsp; 43152837 |
|  | INVESTMENT COMPANY—6.1% |  |
| &nbsp;&nbsp; 35453402 | Federated Hermes Government Obligations Fund, Premier Shares, 3.58%<sup>4</sup> <br>(IDENTIFIED COST $35,453,402)<br>| &nbsp;&nbsp; 35453402 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—93.2% <br>(IDENTIFIED COST $552,976,896)<br>| &nbsp;&nbsp; 541457794 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—6.8%<sup>5</sup> <br>| &nbsp;&nbsp;&nbsp; 39664658 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $581122452 |

---

**7**

------

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended March 31, 2026, were as follows:

---

| | |
|:---|:---|
|  | **Federated Hermes** <br>**Government Obligations Fund,** <br>**Premier Shares**<br>|
| Value as of 6/30/2025 | &nbsp;&nbsp; $24189278 |
| Purchases at Cost | &nbsp;&nbsp; $344791598 |
| Proceeds from Sales | &nbsp;&nbsp; $(333527474) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 3/31/2026 | &nbsp;&nbsp; $35453402 |
| Shares Held as of 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 35453402 |
| Dividend Income | &nbsp;&nbsp; $1289594 |

---

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

---

| | |
|:---|:---|
| 1 | *Floating/variable note with current rate and current maturity or next reset date shown.* |
| 2 | *All or a portion of the security represents unsettled loan commitments at March 31, 2026 where the rate will be determined at time of settlement.* |
| 3 | *Non-income-producing security.* |
| 4 | *7-day net yield.* |
| 5 | *Assets, other than investments in securities, less liabilities* |

---

Note: The categories of investments are shown as a percentage of net assets at March 31, 2026.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

■ Fixed-income securities and floating rate loans are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee") is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation

**8**

------

Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

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

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of March 31, 2026, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Floating Rate Loans | &nbsp;&nbsp; $— | &nbsp;&nbsp; $422456826 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $422456826 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40108352 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40108352 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110213 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110213 |
| **Exchange-Traded Funds** | &nbsp;&nbsp; 43152837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43152837 |
| **Equity Securities:** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp; Domestic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176164 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176164 |
| **Investment Company** | &nbsp;&nbsp; 35453402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35453402 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $78606239 | &nbsp;&nbsp; $462851555 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $541457794 |

---

**9**

------

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

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| CP | —Commercial Paper |
| ETF | —Exchange-Traded Fund |
| PRIME | —Prime Rate |
| SOFR | —Secured Overnight Financing Rate |
| TBD | —To Be Determined |
| USD | —United States Dollar |

---

**10**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Core Trust

- **b. Investment Company Act file number:** 811-08519

- **c. CIK number of Registrant:** 0001034106

- **d. LEI of Registrant:** 254900HYFNGKM5PJOV84

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Bank Loan Core Fund

- **b. EDGAR series identifier (if any):** S000030275

- **c. LEI of Series:** 549300FJK5JF0KIC2N83

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $611827085.96

**Total Liabilities:** $32791532.40

**Net Assets:** $579035553.56

**Delayed Delivery Securities:** $28944393.79

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -9.836161000000 | **1-Year:** -237.782139000000 | **5-Year:** -2366.561358000000 | **10-Year:** -190.298931000000 | **30-Year:** 0.000000000000

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

- **3-Month:** -760.267188000000 | **1-Year:** -27940.202483000000 | **5-Year:** -144183.229885000000 | **10-Year:** -24972.004800000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000093165 | -0.50%               | -1.18%               | 0.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3378391.66             | $-3202449.48                               |
| Month 2  | $-45129.58               | $-10556047.95                              |
| Month 3  | $-4028778.35             | $4921254.29                                |

### Schedule of Portfolio Investments

| Name                                         | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Applied Systems Inc                          | Applied Systems Inc 2024 1st Lien Term Loan                               | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |   3065852 | PA      | $3010697.04   | 0.52%             | 2031-02-24      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO LLC                           | APLD ComputeCo LLC                                                        | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    975000 | PA      | $1005421.95   | 0.17%             | 2030-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                     | American Airlines Inc/AAdvantage Loyalty IP Ltd                           | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     83333 | PA      | $83448.33     | 0.01%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                     | Ascent Resources Utica Holdings LLC / ARU Finance Corp                    | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $749714.33    | 0.13%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Avalara Inc                                  | AVALARA INC 2025 TERM LOAN                                                | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |   2481277 | PA      | $2428549.45   | 0.42%             | 2032-03-26      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                     | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer            | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999853.00    | 0.17%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BCPE Empire Holdings Inc                     | BCPE Empire Holdings Inc2025 Term Loan B                                  | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |   2871771 | PA      | $2833476.37   | 0.49%             | 2030-12-11      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co Inc                          | Boxer Parent Co Inc2024 2nd Lien Term Loan                                | CUSIP: 05988HAN7<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    800000 | PA      | $674004.00    | 0.12%             | 2032-07-30      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| Blackfin Pipeline LLC                        | Blackfin Pipeline LLCTerm Loan B                                          | CUSIP: 09231PAB2<br>LEI: 254900F4BUS186SK8A51 | Long             | LON              | CORP              | US        |   2193250 | PA      | $2207988.64   | 0.38%             | 2032-09-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                     | Celanese US Holdings LLC                                                  | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1772539.28   | 0.31%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Charter Next Generation Inc                  | Charter Next Generation Inc2025 Repriced Term Loan B                      | CUSIP: 16125TAP7<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |   2952713 | PA      | $2938775.78   | 0.51%             | 2030-11-29      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corp                         | Epicor Software Corp 2024 Term Loan                                       | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   4038625 | PA      | $3967201.87   | 0.69%             | 2031-05-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Grinding Media Inc                           | Grinding Media Inc2024 Term Loan B                                        | CUSIP: 39854KAC4<br>LEI: 254900IYFJ03EGFQ8C34 | Long             | LON              | CORP              | US        |   3996652 | PA      | $4004145.67   | 0.69%             | 2028-10-12      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC                      | BELRON FINANCE 2019 LLC 2026 REPRICED TERM LOAN B                         | CUSIP: 08078UAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1451487 | PA      | $1452757.22   | 0.25%             | 2031-10-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                     | Blue Racer Midstream LLC / Blue Racer Finance Corp                        | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    775000 | PA      | $801059.38    | 0.14%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Koppers Inc                                  | Koppers Inc2024 Repriced Term Loan B                                      | CUSIP: 50060JAH3<br>LEI: LTO4ZL5EBDR1NE6FGJ36 | Long             | LON              | CORP              | US        |   3005604 | PA      | $3001847.04   | 0.52%             | 2030-04-10      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Lavender US HoldCo 1 Inc                     | Lavender US HoldCo 1 IncUSD Term Loan                                     | CUSIP: 51944RAB8<br>LEI: 254900WC9QQXLKNE2931 | Long             | LON              | CORP              | US        |   3541125 | PA      | $3496860.95   | 0.60%             | 2032-12-30      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| MI Windows And Doors LLC                     | MIWD Holdco II LLC 2024 Term Loan B2                                      | CUSIP: 55336CAK8<br>LEI: 254900X3SPV5RVFJEY72 | Long             | LON              | CORP              | US        |   2471344 | PA      | $2284954.96   | 0.39%             | 2031-03-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                       | MIWD Holdco II LLC / MIWD Finance Corp                                    | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $562111.68    | 0.10%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                              | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $662069.70    | 0.11%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                    | Chesapeake Funding II LLC                                                 | CUSIP: 165183CV4<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    100029 | PA      | $100155.85    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CoreLogic Inc                                | CoreLogic, Inc. Term Loan                                                 | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   1902224 | PA      | $1823767.25   | 0.31%             | 2028-06-02      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Cotiviti Inc                                 | COTIVITI CORPORATION 2025 INCREMENTAL TERM LOAN                           | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    792253 | PA      | $731249.08    | 0.13%             | 2032-03-26      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                              | Madison IAQ LLC Term Loan                                                 | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   2395095 | PA      | $2397274.49   | 0.41%             | 2028-06-21      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Quartz Acquireco LLC                         | Quartz Acquireco LLC2025 Term Loan B                                      | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1101317 | PA      | $922352.79    | 0.16%             | 2030-06-28      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC               | Enterprise Fleet Financing 2022-4 LLC                                     | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10047 | PA      | $10057.18     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fleet US Bidco Inc                           | Fleet US Bidco Inc 2024 1st Lien Term Loan B                              | CUSIP: 33902UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3381424 | PA      | $3389877.88   | 0.59%             | 2031-02-21      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Skopima Consilio Parent LLC                  | Skopima Consilio Parent LLC2024 Repriced Term Loan                        | CUSIP: 36171NAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3461018 | PA      | $2724461.27   | 0.47%             | 2028-05-12      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Bella Holding Co LLC                         | Bella Holding Co LLC2025 Term Loan                                        | CUSIP: 54317EAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3241793 | PA      | $3239507.47   | 0.56%             | 2028-05-10      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Magnite Inc                                  | Magnite Inc2025 Repriced Term Loan B                                      | CUSIP: 55955NAG3<br>LEI: 54930018FR2YX1HHSB02 | Long             | LON              | CORP              | US        |   1467020 | PA      | $1456017.58   | 0.25%             | 2031-02-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Waystar Technologies Inc                     | Waystar Technologies Inc2025 Term Loan B                                  | CUSIP: 63939WAN3<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |   2233124 | PA      | $2230332.48   | 0.39%             | 2029-10-22      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Orion US Finco Inc                           | OSTTRA GROUP LTD 1st LIEN TERM LOAN                                       | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1487812.50   | 0.26%             | 2032-10-08      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Outcomes Group Holdings Inc                  | Outcomes Group Holdings Inc2025 Term Loan B                               | CUSIP: 69002CAE6<br>LEI: 5493005V7ZG5K84MO728 | Long             | LON              | CORP              | US        |   3043536 | PA      | $3047827.30   | 0.53%             | 2031-05-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services Inc      | Sedgwick Claims Management Services Inc2023 Term Loan B                   | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |   4161599 | PA      | $4091746.19   | 0.71%             | 2031-07-31      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                          | Sirius XM Radio LLC                                                       | CUSIP: 82966BAA3<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1118655.45   | 0.19%             | 2032-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings Inc                        | QUIKRETE HOLDINGS INC 2025 TERM LOAN B                                    | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   3370477 | PA      | $3368370.83   | 0.58%             | 2032-02-10      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC               | RAVEN ACQUISITION HOLDINGS LLC TERM LOAN B                                | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2587409 | PA      | $2541430.73   | 0.44%             | 2031-11-19      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Indicor LLC                                  | Roper Industrial Products Investment Company LLC2026 USD Term Loan B      | CUSIP: 77669LAL7<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |   3627960 | PA      | $3632241.47   | 0.63%             | 2029-11-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| SeaWorld Parks & Entertainment Inc           | SeaWorld Parks & Entertainment Inc2024 Term Loan B3                       | CUSIP: 78488CAL4<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |   2335089 | PA      | $2308819.36   | 0.40%             | 2031-12-04      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                     | Cloud Software Group Inc2025 Term Loan B (2031)                           | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |    737519 | PA      | $677779.73    | 0.12%             | 2031-03-21      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                             | UWM Holdings LLC                                                          | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    825000 | PA      | $752008.54    | 0.13%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                        | Trivium Packaging Finance BV                                              | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    887000 | PA      | $928736.01    | 0.16%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications Inc                 | Univision Communications Inc. 2022 Term Loan B                            | CUSIP: 914908BB3<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   2429227 | PA      | $2404934.70   | 0.42%             | 2029-01-31      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                            | CHAMBERLAIN GROUP INC 2025 TERM LOAN B                                    | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |   4903033 | PA      | $4864053.69   | 0.84%             | 2032-09-08      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                        | Clearwater Paper Corp                                                     | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1732250.00   | 0.30%             | 2028-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                      | Invesco Senior Loan ETF                                                   | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |   1060845 | NS      | $21651846.45  | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WR Grace Holdings LLC                        | WR Grace Holdings LLC2025 Term Loan B                                     | CUSIP: 92943HAD1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | LON              | CORP              | US        |   2084513 | PA      | $2082782.38   | 0.36%             | 2032-08-19      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| CARESTREAM HEALTH, INC                       | CARESTREAM HEALTH, INC                                                    | CUSIP: 000000000<br>LEI: 5493008C1W5RQW9E4I05 | Long             | EC               | CORP              | US        |    180104 | NS      | $172629.68    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                       | WESCO Distribution Inc                                                    | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1273948.75   | 0.22%             | 2029-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc       | Project Alpha Intermediate Holding Inc2024 2nd Lien Incremental Term Loan | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1300000 | PA      | $797550.00    | 0.14%             | 2033-05-09      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                             | WULF Compute LLC                                                          | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $713687.63    | 0.12%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| TUPLE US BIDCO LLC                           | TUPLE US BIDCO LLC TERM LOAN B                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1945000.00   | 0.34%             | 2033-01-18      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Icon Parent Inc                              | Icon Parent Inc2025 Repriced Term Loan                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1993741 | PA      | $1917729.24   | 0.33%             | 2031-11-13      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| MSOF Beacon LLC                              | POTTERS INDUSTRIES LLC 2025 REPRICED TERM LOAN B                          | CUSIP: 000000000<br>LEI: 391200O5OFXXMCYPAR13 | Long             | LON              | CORP              | US        |   3500000 | PA      | $3502905.00   | 0.60%             | 2032-12-23      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Fluid-Flow Products, Inc.                    | FLUID FLOW PRODUCTS INC 2026 TERM LOAN B                                  | CUSIP: 000000000<br>LEI: 254900BHD5AK9H7EKF91 | Long             | LON              | CORP              | US        |   4212984 | PA      | $4218249.82   | 0.73%             | 2033-03-04      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corp                           | BAUSCH + LOMB CORPORATION 2025 REPRICED TERM LOAN                         | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   2986244 | PA      | $2996516.41   | 0.52%             | 2031-01-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Meade Pipeline CO LLC                        | Meade Pipeline Co LLCTerm Loan B                                          | CUSIP: 58307PAB8<br>LEI: 254900UZE9CEDHUYSZ47 | Long             | LON              | CORP              | US        |   2250000 | PA      | $2253746.25   | 0.39%             | 2032-09-22      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                                | VoltaGrid LLC                                                             | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |    525000 | PA      | $542466.23    | 0.09%             | 2030-11-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORP                               | Whirlpool Corp                                                            | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    425000 | PA      | $415304.22    | 0.07%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition LLC                   | CAMELOT US ACQUISITION LLC 2025 INCREMENTAL TERM LOAN B                   | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |   2600000 | PA      | $2268500.00   | 0.39%             | 2031-01-31      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp                    | Garda World Security Corp2026 Term Loan B                                 | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |   2662253 | PA      | $2648941.30   | 0.46%             | 2029-02-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Jones Deslauriers Insurance Management Inc   | JONES DSLRRS INSRNC MANAG INC 2025 REPRICED TERM LOAN B                   | CUSIP: 000000000<br>LEI: 549300JQIWNFU00E5424 | Long             | LON              | CORP              | CA        |   5584308 | PA      | $5442968.73   | 0.94%             | 2033-02-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                       | TK ELEVATOR MIDCO GMBH 2026 USD TERM LOAN B                               | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |    750000 | PA      | $752032.50    | 0.13%             | 2030-04-30      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| ACP Tara Holdings Inc                        | ACP Tara Holdings Inc2025 Term Loan B                                     | CUSIP: 00110HAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2500000 | PA      | $2514575.00   | 0.43%             | 2032-12-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| AHP Health Partners Inc                      | AHP Health Partners Inc2025 Term Loan B                                   | CUSIP: 00130MAL8<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | LON              | CORP              | US        |    819170 | PA      | $821319.96    | 0.14%             | 2032-09-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                             | AHP Health Partners Inc                                                   | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1583541.76   | 0.27%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| EXAMWORKS BIDCO INC                          | Examworks Bidco Inc2026 Term Loan B                                       | CUSIP: 28542CAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2750000 | PA      | $2750013.75   | 0.47%             | 2033-02-06      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Pro Mach Group Inc                           | Pro Mach Group Inc 2025 1st Lien Term Loan B                              | CUSIP: 74273JAL7<br>LEI: 5493008SZGSVUCSNB151 | Long             | LON              | CORP              | US        |   2244375 | PA      | $2243084.48   | 0.39%             | 2032-10-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                         | WR Grace Holdings LLC                                                     | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $230171.11    | 0.04%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Tega MC Australia Holdings Pty Ltd           | TEGA MC AUSTRALIA HLDG PTY LTD TERM LOAN B                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |   3900000 | PA      | $3880500.00   | 0.67%             | 2033-03-25      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing Inc            | AMERICAN AXLE AND MANUFAC INC 2025 INCREMENTAL TERM LOAN C                | CUSIP: 02406MBB2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |   2715000 | PA      | $2708226.08   | 0.47%             | 2033-02-03      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                   | AMNEAL PHARMACEUTICALS LLC 2026 REPRICED TERM LOAN                        | CUSIP: 03167DAS3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |   2887994 | PA      | $2901235.18   | 0.50%             | 2032-08-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ACADEMY LTD                                  | Academy Ltd                                                               | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1104151.40   | 0.19%             | 2027-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC            | Alliant Holdings Intermediate LLC 2025 Term Loan B                        | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   3889801 | PA      | $3864380.86   | 0.67%             | 2031-09-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                     | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer            | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $290506.26    | 0.05%             | 2029-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Boxer Parent Co Inc                          | BMC Software Inc2025 USD Term Loan B                                      | CUSIP: 05988HAQ0<br>LEI: 549300TEWK6ENMZQLF18 | Long             | LON              | CORP              | US        |   3661104 | PA      | $3404442.40   | 0.59%             | 2031-07-30      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                  | BEACH ACQUISITION BIDCO LLC USD TERM LOAN B                               | CUSIP: 07337FAB1<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |   2394000 | PA      | $2402977.50   | 0.41%             | 2032-09-12      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners Group LLC               | Broadstreet Partners Inc 2024 Term Loan B4                                | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |   4655234 | PA      | $4548466.52   | 0.79%             | 2031-06-13      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                        | CNX Midstream Partners LP                                                 | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $713566.20    | 0.12%             | 2030-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Capstone Borrower Inc                        | Capstone Borrower Inc2025 Term Loan B                                     | CUSIP: 14071CAE8<br>LEI: 254900YSP2BAI3YKIX08 | Long             | LON              | CORP              | US        |   2869203 | PA      | $2735067.69   | 0.47%             | 2030-06-17      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                       | Adient Global Holdings Ltd                                                | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    600000 | PA      | $622745.40    | 0.11%             | 2031-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                  | Allied Universal Holdco LLC 2025 USD Term Loan B                          | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   3056508 | PA      | $3060328.46   | 0.53%             | 2032-08-20      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd                    | AMERICAN AIRLINES INC 2025 TERM LOAN B                                    | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   2684485 | PA      | $2664686.86   | 0.46%             | 2032-05-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ARDAGH GROUP SA                              | Ardagh Group SA                                                           | CUSIP: 039959AA9<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $314794.20    | 0.05%             | 2030-12-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| AthenaHealth Group Inc                       | Athenahealth, Inc. 2022 Term Loan B                                       | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   3536474 | PA      | $3476796.29   | 0.60%             | 2029-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Baldwin Insurance Group Holdings LLC/The     | Baldwin Insurance Group Holdings LLC/The2025 Term Loan B2                 | CUSIP: 05825HAH7<br>LEI: 5493004GCDREAQPPYG20 | Long             | LON              | CORP              | US        |   3456381 | PA      | $3405987.22   | 0.59%             | 2031-05-26      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| BLACK PEARL COMPUTE LLC                      | Black Pearl Compute LLC                                                   | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $229285.58    | 0.04%             | 2031-02-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| STS Operating Inc                            | STS Operating Inc 2024 Term Loan B                                        | CUSIP: 12508KAJ6<br>LEI: 549300HW5C2VGPZCHL57 | Long             | LON              | CORP              | US        |   3096310 | PA      | $3099855.04   | 0.54%             | 2031-03-25      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp                          | CNT HOLDINGS I CORP 2025 TERM LOAN                                        | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |   4846674 | PA      | $4850067.00   | 0.84%             | 2032-11-08      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                          | Clarivate Science Holdings Corp                                           | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $868911.10    | 0.15%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc          | Clydesdale Acquisition Holdings Inc2025 Delayed Draw Term Loan            | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      3451 | PA      | $3232.32      | 0.00%             | 2032-04-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                           | CrossCountry Intermediate HoldCo LLC                                      | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $715791.47    | 0.12%             | 2030-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Disco Parent Inc                             | Disco Parent Inc2025 Term Loan B                                          | CUSIP: 25461GAB9<br>LEI: 2549003DLSZ9JWHH1Q80 | Long             | LON              | CORP              | US        |   2243750 | PA      | $2207289.06   | 0.38%             | 2032-08-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings Inc                        | Ellucian Holdings Inc2024 2nd Lien Term Loan                              | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    600000 | PA      | $576375.00    | 0.10%             | 2032-11-22      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                             | AMWINS GROUP INC 2026 TERM LOAN B                                         | CUSIP: 03234TBB3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   1948191 | PA      | $1937495.65   | 0.33%             | 2032-01-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO 2 LLC                         | APLD ComputeCo 2 LLC                                                      | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $273168.25    | 0.05%             | 2031-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Emerald X Inc                                | Emerald X Inc2025 Term Loan B1                                            | CUSIP: 29088UAH0<br>LEI: 549300YQCBSQUCZ74696 | Long             | LON              | CORP              | US        |   2556531 | PA      | $2565057.37   | 0.44%             | 2032-01-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Goat Holdco LLC                              | Goat Holdco LLC2025 Term Loan B                                           | CUSIP: 38021CAC2<br>LEI: G1MSYD2DQZX30V5DMX12 | Long             | LON              | CORP              | US        |   2992500 | PA      | $2992500.00   | 0.52%             | 2032-01-27      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Inc                   | GENESYS CLOUD SER HLD II LLC 2025 USD TERM LOAN B                         | CUSIP: 39479UAY9<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |   3750457 | PA      | $3595750.26   | 0.62%             | 2032-01-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                               | Core & Main LP 2024 Term Loan B                                           | CUSIP: 40416VAG0<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |    738797 | PA      | $740185.67    | 0.13%             | 2028-07-27      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                         | IHO Verwaltungs GmbH                                                      | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   2000000 | PA      | $2000545.80   | 0.35%             | 2029-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MH Sub I LLC                                 | MH Sub I, LLC 2023 Term Loan                                              | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1206973 | PA      | $1041014.13   | 0.18%             | 2028-05-03      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| M6 ETX Holdings II Midco LLC                 | M6 ETX Holdings II Midco LLC2025 1st Lien Term Loan B                     | CUSIP: 55285DAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2727725 | PA      | $2740940.79   | 0.47%             | 2032-04-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                              | Madison IAQ LLC                                                           | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1104001.43   | 0.19%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC                   | AMYNTA AGENCY BORROWER INC 2026 REPRICED TERM LOAN B                      | CUSIP: 57810JAN8<br>LEI: 5493000GP6HBRVTWBO85 | Long             | LON              | CORP              | US        |   3000000 | PA      | $2960895.00   | 0.51%             | 2031-12-29      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Men's Wearhouse LLC/The                      | Men's Wearhouse LLC/The2026 Term Loan B                                   | CUSIP: 58711MAK5<br>LEI: NKFP7BJ6WYEV4I24P532 | Long             | LON              | CORP              | US        |   2400000 | PA      | $2402256.00   | 0.41%             | 2031-01-28      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                        | NGL Energy Operating LLC / NGL Energy Finance Corp                        | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515401.50    | 0.09%             | 2029-02-15      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| NCR Atleos Corp                              | NCR Atleos Corp2025 Term Loan B                                           | CUSIP: 63001PAG6<br>LEI: 9845005FC3S0VA714741 | Long             | LON              | CORP              | US        |   2928771 | PA      | $2930601.28   | 0.51%             | 2029-04-16      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| CYPRIUM CORP/CYPRIUM HOL                     | Cyprium Corp / Cyprium Holdings Luxembourg Sarl                           | CUSIP: 23292NAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    250000 | PA      | $247079.36    | 0.04%             | 2031-04-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Ecovyst Catalyst Technologies LLC            | Ecovyst Catalyst Technologies LLC 2024 Term Loan B                        | CUSIP: 27922JAC0<br>LEI: 254900NH3N3I82Z6Q744 | Long             | LON              | CORP              | US        |    509631 | PA      | $510675.97    | 0.09%             | 2031-06-12      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                         | Garda World Security Corp                                                 | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1350000 | PA      | $1286312.94   | 0.22%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Aragorn Parent Corp                          | Aragorn Parent Corp2025 Repriced Term Loan B                              | CUSIP: 37610GAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2789146 | PA      | $2794375.37   | 0.48%             | 2028-12-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corp                | OLYMPUS WATER US HOLDING CORP 2025 USD TERM LOAN B                        | CUSIP: 68163YAK1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |   4239375 | PA      | $4097631.50   | 0.71%             | 2032-11-03      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Ping Identity Holding Corp                   | Ping Identity Holding Corp2025 Term Loan                                  | CUSIP: 72342MAB3<br>LEI: 254900DJEBSADAC6R313 | Long             | LON              | CORP              | US        |   2750000 | PA      | $2719062.50   | 0.47%             | 2032-11-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC               | RAVEN ACQUISITION HOLDINGS LLC DELAYED DRAW TERM LOAN                     | CUSIP: 75419XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    186682 | PA      | $183364.41    | 0.03%             | 2031-11-19      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Relativity Intermediate Holdco LLC           | RELATIVITY ODA LLC 2026 TERM LOAN B                                       | CUSIP: 75944WAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1485937.50   | 0.26%             | 2033-01-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                               | Rocket Cos Inc                                                            | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $454431.15    | 0.08%             | 2030-08-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                          | Rocket Software Inc                                                       | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    950000 | PA      | $949566.09    | 0.16%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Gryphon Acquire NewCo LLC                    | GRYPHON DEBT MERGER SUB INC TERM LOAN B                                   | CUSIP: 40054QAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2250000 | PA      | $2254927.50   | 0.39%             | 2032-09-13      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                     | Hess Midstream Operations LP                                              | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $528678.15    | 0.09%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| IRB HOLDING CORP                             | IRB Holding Corp2025 Term Loan B                                          | CUSIP: 44988LAM9<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |   2256378 | PA      | $2253557.85   | 0.39%             | 2030-12-16      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| IVI America LLC                              | IVI America LLC2025 Repriced Term Loan                                    | CUSIP: 45073SAD7<br>LEI: 549300V0LY56J9HGCK92 | Long             | LON              | CORP              | US        |   1740627 | PA      | $1754403.63   | 0.30%             | 2031-04-09      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco LLC          | LSF12 Crown US Commercial Bidco LLC 2026 Term Loan B                      | CUSIP: 50221UAE1<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |   3395740 | PA      | $3403380.37   | 0.59%             | 2031-12-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| LSF12 HELIX PARENT LLC                       | LSF12 Helix Parent LLC USD Term Loan B                                    | CUSIP: 54913EAB8<br>LEI: 254900H70V4IL22BHL88 | Long             | LON              | CORP              | US        |   1724889 | PA      | $1704190.22   | 0.29%             | 2033-02-10      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Madison Safety & Flow LLC                    | Madison Safety & Flow LLC2025 1st Lien Term Loan B                        | CUSIP: 55822DAN1<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |   2065605 | PA      | $2069054.49   | 0.36%             | 2031-09-26      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| THE MEN'S WEARHOUSE LLC                      | Men's Wearhouse LLC/The                                                   | CUSIP: 587118AF7<br>LEI: NKFP7BJ6WYEV4I24P532 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77023.20     | 0.01%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NEXUS Buyer LLC                              | Nexus Buyer LLC2025 Term Loan B                                           | CUSIP: 65343UAH5<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |   3982360 | PA      | $3840488.38   | 0.66%             | 2031-07-31      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| ELECTRONIC ARTS INC                          | ELECTRONIC ARTS INC USD TERM LOAN B                                       | CUSIP: 67123SAB5<br>LEI: 6488ICS9P20290MA1H31 | Long             | LON              | CORP              | US        |   4750000 | PA      | $4726250.00   | 0.82%             | 2033-03-24      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Organon & Co                                 | Organon & Co2024 USD Term Loan                                            | CUSIP: 68621XAG8<br>LEI: 549300AMCKY57OK2CO56 | Long             | LON              | CORP              | US        |   5419254 | PA      | $5176742.79   | 0.89%             | 2031-05-19      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Pye-Barker Fire & Safety LLC                 | Pye-Barker Fire & Safety LLC2025 Term Loan                                | CUSIP: 69380SAB9<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |   2175000 | PA      | $2180818.13   | 0.38%             | 2032-12-16      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| PAREXEL International Corp                   | PAREXEL INTERNATIONAL CORP 2025 REPRICED TERM LOAN B                      | CUSIP: 71911KAF1<br>LEI: 549300GCZVUYB6P2OA17 | Long             | LON              | CORP              | US        |   3175635 | PA      | $3169013.94   | 0.55%             | 2031-12-12      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc       | Project Alpha Intermediate Holding Inc2024 1st Lien Term Loan B           | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3001321 | PA      | $2287831.63   | 0.40%             | 2030-10-26      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Cloudera Inc                                 | Cloudera Inc 2021 Term Loan                                               | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |   2644916 | PA      | $2368853.10   | 0.41%             | 2028-10-08      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| Rocket Software Inc                          | Rocket Software Inc2023 USD Term Loan B                                   | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   3174841 | PA      | $3052482.95   | 0.53%             | 2028-11-28      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                        | SS&C Technologies Inc 2024 Term Loan B8                                   | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |   1716338 | PA      | $1712793.69   | 0.30%             | 2031-05-09      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Select Medical Corp                          | Select Medical Corp2024 Term Loan B                                       | CUSIP: 816194AY0<br>LEI: 549300X05KS0JKR8CB50 | Long             | LON              | CORP              | US        |   2493687 | PA      | $2481218.44   | 0.43%             | 2031-12-03      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| LUMEXA IMAGING INC                           | Lumexa Imaging IncTerm Loan B                                             | CUSIP: 90372AAN8<br>LEI: 254900QCDFUYXJEFMY06 | Long             | LON              | CORP              | US        |   2743125 | PA      | $2753850.62   | 0.48%             | 2032-12-17      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                          | United Airlines Inc2026 Term Loan B                                       | CUSIP: 90932RAQ7<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |   1355478 | PA      | $1355057.44   | 0.23%             | 2031-02-22      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                        | Venture Global Plaquemines LNG LLC                                        | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1028976.00   | 0.18%             | 2030-12-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Watlow Electric Manufacturing Co             | Watlow Electric Manufacturing Company Term Loan B                         | CUSIP: 94254PAC4<br>LEI: 54930089QP6NQUHLU558 | Long             | LON              | CORP              | US        |   1964091 | PA      | $1968392.55   | 0.34%             | 2028-03-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                | WHITE CAP BUYER LLC 2024 TERM LOAN B                                      | CUSIP: 96350TAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3082486 | PA      | $2971917.01   | 0.51%             | 2029-10-19      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                | WHITE CAP BUYER LLC 2026 INCREMENTAL TERM LOAN B                          | CUSIP: 96350TAK6<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    750000 | PA      | $715781.25    | 0.12%             | 2033-02-10      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| WILLIAM CARTER                               | William Carter Co/The                                                     | CUSIP: 96926JAG2<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    275000 | PA      | $280831.59    | 0.05%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| World Wide Technology Holding Co LLC         | World Wide Technology Holding Co LLC2025 Repriced Term Loan B             | CUSIP: 98164AAE3<br>LEI: 213800MTFQARCZL1PY64 | Long             | LON              | CORP              | US        |   1295197 | PA      | $1293176.75   | 0.22%             | 2030-03-01      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                           | Ardonagh Finco Ltd                                                        | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   1200000 | PA      | $1214948.40   | 0.21%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Champ Acquisition Corp                       | Champ Acquisition Corp2024 Term Loan B                                    | CUSIP: 15807EAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2389314 | PA      | $2398655.81   | 0.41%             | 2031-11-25      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                          | Churchill Downs Inc                                                       | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    900000 | PA      | $899343.18    | 0.16%             | 2027-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                           | Cipher Compute LLC                                                        | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $700163.33    | 0.12%             | 2030-11-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                      | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500292.79    | 0.09%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc          | Clydesdale Acquisition Holdings Inc Term Loan B                           | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   2809723 | PA      | $2687430.26   | 0.46%             | 2029-04-13      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc          | Clydesdale Acquisition Holdings Inc2025 Term Loan B                       | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    243981 | PA      | $228518.67    | 0.04%             | 2032-04-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Concentra Health Services Inc                | Concentra Health Services Inc 2025 Repriced Term Loan B                   | CUSIP: 20602RAD2<br>LEI: 984500GB84105F75DE32 | Long             | LON              | CORP              | US        |   1228202 | PA      | $1233961.89   | 0.21%             | 2031-07-26      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Dexko Global Inc                             | Dexko Global Inc2021 USD Term Loan B                                      | CUSIP: 25213YAU9<br>LEI: 549300SMZ4OV1KBH1M19 | Long             | LON              | CORP              | US        |   2976764 | PA      | $2923569.29   | 0.50%             | 2028-10-04      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                      | Dornoch Debt Merger Sub Inc                                               | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $536236.74    | 0.09%             | 2029-10-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Dynamo US Bidco Inc                          | Dynamo US Bidco Inc2025 USD Term Loan B                                   | CUSIP: 26806DAC6<br>LEI: 391200FDSPYB8FKV7F97 | Long             | LON              | CORP              | US        |   3360646 | PA      | $2948966.96   | 0.51%             | 2031-09-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3 Inc                  | FORTRESS INTERMEDIATE 3 INC 2025 TERM LOAN B                              | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |   3468816 | PA      | $3447135.52   | 0.60%             | 2031-06-27      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Grifols Worldwide Operations USA Inc         | Grifols Worldwide Operations USA, Inc. USD 2019 Term Loan B               | CUSIP: 39843PAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    758658 | PA      | $758813.84    | 0.13%             | 2027-11-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| iSolved Inc                                  | Isolved Inc2025 Term Loan                                                 | CUSIP: 46488HAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1910630.00   | 0.33%             | 2030-10-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1                      | SV RNO Property Owner 1 LLC                                               | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $296726.27    | 0.05%             | 2031-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Sharp Services LLC                           | Sharp Services LLC2025 Term Loan B                                        | CUSIP: 81989LAG3<br>LEI: 549300ZXMVUWBVXDAR03 | Long             | LON              | CORP              | US        |   2965066 | PA      | $2969705.95   | 0.51%             | 2032-09-29      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                            | Clarios Global LP 2025 USD Term Loan B                                    | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   2487500 | PA      | $2484390.63   | 0.43%             | 2032-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Marcel Bidco LLC                             | Marcel Bidco LLC2025 USD Repriced Term Loan                               | CUSIP: 000000000<br>LEI: 254900A6AL2000BPNS82 | Long             | LON              | CORP              | US        |   3710764 | PA      | $3678294.58   | 0.64%             | 2030-11-12      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Ardonagh Group Finco Pty Ltd                 | Ardonagh Group Finco Pty Ltd2024 USD Term Loan B                          | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |   5894292 | PA      | $5765383.60   | 1.00%             | 2031-02-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                     | Cloud Software Group Inc2025 Term Loan B (2032)                           | CUSIP: 88632NBL3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   3154742 | PA      | $2895595.87   | 0.50%             | 2032-08-13      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                 | Univision Communications Inc. 2022 First Lien Term Loan B                 | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   2567813 | PA      | $2562998.36   | 0.44%             | 2029-06-24      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| TECTA AMERICA CORP                           | Tecta America Corp2025 Repriced Term Loan B                               | CUSIP: 000000000<br>LEI: 54930083ULRH07WCC129 | Long             | LON              | CORP              | US        |   4717486 | PA      | $4706046.18   | 0.81%             | 2032-02-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| PELICAN PIPELINE LLC                         | Pelican Pipeline LLCTerm Loan B                                           | CUSIP: 000000000<br>LEI: 21380091KNGYV9OKWY26 | Long             | LON              | CORP              | US        |   1900000 | PA      | $1903562.50   | 0.33%             | 2033-03-25      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Jack Ohio Finance LLC                        | Jack Ohio Finance LLC2025 Term Loan B                                     | CUSIP: 46647KAK3<br>LEI: 5493002ERZW63JFJI167 | Long             | LON              | CORP              | US        |      3722 | PA      | $3684.58      | 0.00%             | 2032-02-02      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| MITCHELL INTERNATIONAL INC                   | Mitchell International Inc2026 Term Loan                                  | CUSIP: 60662WBB7<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |   2226305 | PA      | $2130406.55   | 0.37%             | 2031-06-17      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Pye-Barker Fire & Safety LLC                 | Pye-Barker Fire & Safety LLC2025 Delayed Draw Term Loan                   | CUSIP: 69380SAC7<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |    325000 | PA      | $325869.38    | 0.06%             | 2032-12-16      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Ryan Specialty LLC                           | Ryan Specialty LLC2024 USD Term Loan B                                    | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |   3827539 | PA      | $3827539.38   | 0.66%             | 2031-09-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| State Street Blackstone Senior Loan ETF      | SPDR Blackstone Senior Loan ETF                                           | CUSIP: 78467V608<br>LEI: 549300ME4SR63Y3TRD06 | Long             | EC               | RF                | US        |    535650 | NS      | $21500991.00  | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CRC Insurance Group LLC                      | TIH Insurance Holdings LLC2024 Term Loan B                                | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3766935 | PA      | $3723389.71   | 0.64%             | 2031-05-06      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                      | UKG Inc 2024 Term Loan B                                                  | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   3290118 | PA      | $3148445.37   | 0.54%             | 2031-02-10      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                     | USA Compression Partners LP / USA Compression Finance Corp                | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1356490.18   | 0.23%             | 2029-03-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| VC GB Holdings I Corp                        | Illuminate Merger Sub Corp. 1st Lien Term Loan                            | CUSIP: 91823JAC6<br>LEI: 549300K4B21TSY42LF51 | Long             | LON              | CORP              | US        |   2453713 | PA      | $2451480.16   | 0.42%             | 2028-07-21      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| VS Buyer LLC                                 | VS Buyer LLC2025 Term Loan B                                              | CUSIP: 91834WAG5<br>LEI: 254900G5QLDMHSCYJK25 | Long             | LON              | CORP              | US        |   2619392 | PA      | $2564816.98   | 0.44%             | 2031-04-12      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Imagine Learning LLC/AZ                      | Weld North Education LLC Term Loan                                        | CUSIP: 94935RAF0<br>LEI: 254900W855WLN58WNJ32 | Long             | LON              | CORP              | US        |   1623126 | PA      | $1509515.41   | 0.26%             | 2029-12-21      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| XPLOR T1 LLC                                 | XPLOR T1 LLC2025 Term Loan                                                | CUSIP: 98423DAF1<br>LEI: 254900GF3CVSREM2EJ05 | Long             | LON              | CORP              | US        |   2236880 | PA      | $2085890.32   | 0.36%             | 2032-12-01      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Hopper Merger Sub Inc                        | HOLOGIC INC 2026 TERM LOAN B                                              | CUSIP: 000000000<br>LEI: 9845009E9B4548A5N478 | Long             | LON              | CORP              | US        |   4300000 | PA      | $4254054.50   | 0.73%             | 2033-01-14      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| 1261229 BC Ltd                               | 1261229 BC Ltd2025 Term Loan B                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   2483737 | PA      | $2403699.02   | 0.42%             | 2030-10-08      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                     | Virgin Media Bristol LLC 2023 USD Term Loan Y                             | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |   2250000 | PA      | $2059931.25   | 0.36%             | 2031-03-31      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Sunrise Financing Partnership                | Sunrise Financing PartnershipTerm Loan AAA                                | CUSIP: 000000000<br>LEI: 213800DXWIS9KORQ3X94 | Long             | LON              | CORP              | US        |   2175193 | PA      | $2164773.59   | 0.37%             | 2032-02-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| TK Elevator US Newco Inc                     | TK Elevator US Newco Inc2025 USD Term Loan B                              | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |   1985037 | PA      | $1991518.59   | 0.34%             | 2030-04-30      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Opal US LLC                                  | Opal Bidco SAS USD 1st Lien Term Loan B                                   | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | LON              | CORP              | US        |   2386753 | PA      | $2388244.85   | 0.41%             | 2032-04-28      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Froneri US Inc                               | FRONERI LUX FINCO SARL 2025 USD TERM LOAN                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3491250 | PA      | $3430397.51   | 0.59%             | 2032-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd                    | AAdvantage Loyalty IP Ltd2025 Term Loan                                   | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   1812822 | PA      | $1799225.44   | 0.31%             | 2028-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC         | Charter Communications Operating LLC2024 Term Loan B5                     | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |   3059470 | PA      | $3062728.57   | 0.53%             | 2031-12-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                     | Consensus Cloud Solutions Inc                                             | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991465.60    | 0.17%             | 2028-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Genmab A/S                                   | Genmab A/STerm Loan B                                                     | CUSIP: 37231EAB8<br>LEI: 529900MTJPDPE4MHJ122 | Long             | LON              | CORP              | DK        |   2550000 | PA      | $2562546.00   | 0.44%             | 2032-12-13      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd                        | HUB International Ltd2025 Term Loan B                                     | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   3921645 | PA      | $3917311.12   | 0.68%             | 2030-06-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| IXS Holdings Inc                             | IXS Holdings Inc2025 Repriced Term Loan B                                 | CUSIP: 45074HAC2<br>LEI: 254900I3GPHU9VH9Z454 | Long             | LON              | CORP              | US        |   2084496 | PA      | $2084714.49   | 0.36%             | 2029-09-05      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                            | Chord Energy Corp                                                         | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506930.00    | 0.09%             | 2030-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| PROOFPOINT INC                               | Proofpoint Inc2025 Repriced Term Loan                                     | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   1104851 | PA      | $1071247.19   | 0.19%             | 2028-08-31      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| RIVERS ENT BORROWER LLC                      | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp              | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $199612.24    | 0.03%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TransDigm Inc                                | TransDigm Inc 2023 Term Loan J                                            | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   4359458 | PA      | $4364951.20   | 0.75%             | 2031-02-28      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CRC Insurance Group LLC                      | Truist Insurance Holdings LLC 2nd Lien Term Loan                          | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    526316 | PA      | $523026.32    | 0.09%             | 2032-05-06      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                 | Acrisure LLC2024 1st Lien Term Loan B6                                    | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   3940698 | PA      | $3825432.99   | 0.66%             | 2030-11-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Adient US LLC                                | Adient US LLC 2024 Term Loan B2                                           | CUSIP: 00687MAH4<br>LEI: 213800SOTRCDGZUHL712 | Long             | LON              | CORP              | US        |    952576 | PA      | $952352.37    | 0.16%             | 2031-01-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Altar Bidco Inc                              | Altar Bidco, Inc. 2021 2nd Lien Term Loan                                 | CUSIP: 02090CAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    500000 | PA      | $475000.00    | 0.08%             | 2030-02-01      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| Altar Bidco Inc                              | ALTAR BIDCO, INC.                                                         | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2755964 | PA      | $2743906.88   | 0.47%             | 2029-02-01      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| BRADYPLUS HOLDINGS LLC                       | BradyPlus Holdings LLC 2025 Term Loan B                                   | CUSIP: 10480UAD3<br>LEI: 254900LMURL5G873DV35 | Long             | LON              | CORP              | US        |   2000000 | PA      | $1972510.00   | 0.34%             | 2032-12-29      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| CP Atlas Buyer Inc                           | CP ATLAS BUYER INC 2025 TERM LOAN                                         | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |   3233127 | PA      | $2990642.08   | 0.52%             | 2030-07-08      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                    | CAESARS ENTERTAINMENT CORP                                                | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   1483144 | PA      | $1444211.06   | 0.25%             | 2030-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                    | Caesars Entertainment Inc                                                 | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   1271072 | PA      | $1237705.90   | 0.21%             | 2031-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Cotiviti Inc                                 | Cotiviti Inc2024 Term Loan                                                | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   1956297 | PA      | $1807139.33   | 0.31%             | 2031-05-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| WCG INTERMEDIATE CORP                        | WCG Intermediate Corp2026 Term Loan B                                     | CUSIP: 23343FAG9<br>LEI: 254900CEZYHAWVXDTS47 | Long             | LON              | CORP              | US        |   3478159 | PA      | $3399900.79   | 0.59%             | 2032-02-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Dayforce Bidco LLC                           | DAYFORCE INC 2025 TERM LOAN                                               | CUSIP: 23923YAB7<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |   3700000 | PA      | $3509857.00   | 0.61%             | 2033-02-04      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Dragon Buyer Inc                             | Dragon Buyer IncTerm Loan B                                               | CUSIP: 26143FAB5<br>LEI: 2549006V6EIUFGF2Y127 | Long             | LON              | CORP              | US        |   3017845 | PA      | $2882056.85   | 0.50%             | 2031-09-30      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Emrld Borrower LP                            | Emrld Borrower LP Term Loan B                                             | CUSIP: 26872NAC3<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   2580806 | PA      | $2580483.54   | 0.45%             | 2030-05-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings Inc                        | Ellucian Holdings Inc2024 1st Lien Term Loan B                            | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |   2227500 | PA      | $2169952.54   | 0.37%             | 2029-10-08      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ENSEMBLE RCM LLC                             | Ensemble RCM LLC2026 Term Loan B                                          | CUSIP: 29359BAH4<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |   3750000 | PA      | $3714056.25   | 0.64%             | 2033-02-09      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corp                        | Filtration Group Corporation 2025 USD Term Loan                           | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   2208154 | PA      | $2211599.21   | 0.38%             | 2028-10-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                   | Grifols Escrow Issuer SA                                                  | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |   1750000 | PA      | $1715157.15   | 0.30%             | 2028-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| JOHNSTONE SUPPLY LLC                         | Johnstone Supply LLC2026 Term Loan B                                      | CUSIP: 47947BAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2709367 | PA      | $2695400.38   | 0.47%             | 2031-06-09      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| KnowBe4 Inc                                  | KnowBe4 Inc 2025 Term Loan                                                | CUSIP: 49925TAD7<br>LEI: 64883ZJ0RS5039H4PN24 | Long             | LON              | CORP              | US        |   1895250 | PA      | $1699404.34   | 0.29%             | 2032-07-23      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| McAfee Corp                                  | McAfee Corp2024 USD 1st Lien Term Loan B                                  | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |   4170761 | PA      | $3738044.38   | 0.65%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                             | Modena Buyer LLC TERM LOAN                                                | CUSIP: 60753DAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3708640 | PA      | $3341373.14   | 0.58%             | 2031-07-01      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund                              | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |  35453402 | NS      | $35453401.98  | 6.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NGL Energy Operating LLC                     | NGL Energy Operating LLC2026 Term Loan B                                  | CUSIP: 62922KAH3<br>LEI: 5493008CQD36WWZJ3O79 | Long             | LON              | CORP              | US        |   1875000 | PA      | $1879396.88   | 0.32%             | 2033-03-11      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corp                | Solenis Holdings Ltd2024 USD Term Loan                                    | CUSIP: 68163YAJ4<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |   1027166 | PA      | $989679.99    | 0.17%             | 2031-06-20      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| RESILIENCE PARENT LLC                        | RESILIENCE PARENT LLC TERM LOAN B                                         | CUSIP: 75908HAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3000000 | PA      | $2988285.00   | 0.52%             | 2033-02-28      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International Inc             | Light & Wonder International Inc2026 Term Loan B                          | CUSIP: 80875AAY7<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    950530 | PA      | $951718.57    | 0.16%             | 2029-04-16      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Sparta US HoldCo LLC                         | Sparta US HoldCo LLC2024 Term Loan B                                      | CUSIP: 84673EAE9<br>LEI: 5493004EFF9NBQ1A8453 | Long             | LON              | CORP              | US        |   3925034 | PA      | $3927133.60   | 0.68%             | 2030-08-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                          | TREEHOUSE FOODS INC 2026 TERM LOAN B                                      | CUSIP: 89468XAX3<br>LEI: 5493007M7EVHE470Q576 | Long             | LON              | CORP              | US        |   3000000 | PA      | $2990010.00   | 0.52%             | 2033-02-11      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| USI Inc/NY                                   | USI Inc/NY2024 Term Loan B (2029)                                         | CUSIP: 90351NAR6<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |   3612940 | PA      | $3609182.31   | 0.62%             | 2029-11-21      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| VT Topco Inc                                 | VT TOPCO INC2024 1st Lien Term Loan B                                     | CUSIP: 91838LAK6<br>LEI: 5493007T812R37X02Y38 | Long             | LON              | CORP              | US        |   2476115 | PA      | $2409259.71   | 0.42%             | 2030-08-09      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                       | WESCO Distribution Inc                                                    | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1245663.63   | 0.22%             | 2031-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDING                     | White Cap Supply Holdings LLC                                             | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |    425000 | PA      | $412567.82    | 0.07%             | 2030-11-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CONSTELLIS HOLDINGS LLC                      | CONSTELLIS HOLDINGS LLC COMMON STOCK                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46202 | NS      | $2541.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MITEL NETWORK                                | MITEL NETWORK                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3611 | NS      | $993.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Outfront Media Capital LLC                   | OUTFRONT MEDIA CAPITAL LLC 2025 TERM LOAN B                               | CUSIP: 000000000<br>LEI: 5493005WC7J0FDMW0610 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1003440.00   | 0.17%             | 2032-09-24      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC                               | 1011778 BC ULC 2024 Term Loan B6                                          | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   1557985 | PA      | $1556435.10   | 0.27%             | 2030-09-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                            | CLARIOS GLOBAL LP 2024 USD TERM LOAN B                                    | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   2665065 | PA      | $2660068.40   | 0.46%             | 2030-05-06      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-22

**Name of Applicant:** Federated Hermes Core Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Core Trust

**Title:** Chief Compliance Officer