# EDGAR Filing Document

**Accession Number:** 0001497186
**File Stem:** 0000940400-26-014698
**Filing Date:** 2026-4
**Character Count:** 267627
**Document Hash:** 5f55a716e75bbfa82065abbffb5b3524
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014698.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014698

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Western Asset High Yield Opportunity Fund Inc.
- **CENTRAL INDEX KEY:** 0001497186

**ORGANIZATION NAME:**
- **EIN:** 273075810
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22444
- **FILM NUMBER:** 26892837

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** 17TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 888-777-0102

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** 17TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Western Asset High Yield Defined Opportunity Fund Inc.
- **DATE OF NAME CHANGE:** 20100721

## Nport-Ex

Schedule of Investments (unaudited)

February 28, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **Western Asset High Yield Opportunity Fund Inc.**

&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>(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount†<br>| Value |
| **Corporate Bonds & Notes — 85.1%** | **Corporate Bonds & Notes — 85.1%** | **Corporate Bonds & Notes — 85.1%** | **Corporate Bonds & Notes — 85.1%** | **Corporate Bonds & Notes — 85.1%** |
| **Communication Services — 16.2%** | **Communication Services — 16.2%** | **Communication Services — 16.2%** | **Communication Services — 16.2%** | **Communication Services — 16.2%** |
| *Diversified Telecommunication Services — 3.6%* | *Diversified Telecommunication Services — 3.6%* | *Diversified Telecommunication Services — 3.6%* | *Diversified Telecommunication Services — 3.6%* | *Diversified Telecommunication Services — 3.6%* |
| &nbsp;&nbsp;&nbsp; Altice Financing SA, Senior Secured Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/15/28 | &nbsp;&nbsp; 1380000<br>| &nbsp;&nbsp;&nbsp; $973750<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Altice Financing SA, Senior Secured Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 8/15/29 | &nbsp;&nbsp; 1580000<br>| &nbsp;&nbsp;&nbsp; 1096105<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Altice France Lux 3/Altice Holdings 1, Senior Notes | &nbsp;&nbsp; 10.000% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 936000<br>| &nbsp;&nbsp;&nbsp; 880690<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Altice France SA, Senior Secured Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 4/15/32 | &nbsp;&nbsp; 1051830<br>| &nbsp;&nbsp;&nbsp; 1008348<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Altice France SA, Senior Secured Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 7/15/32 | &nbsp;&nbsp; 221036<br>| &nbsp;&nbsp;&nbsp; 212453<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Level 3 Financing Inc., Senior Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 820000<br>| &nbsp;&nbsp;&nbsp; 854653<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Level 3 Financing Inc., Senior Secured Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 6/30/33 | &nbsp;&nbsp; 10000<br>| &nbsp;&nbsp;&nbsp; 10364<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; WULF Compute LLC, Senior Secured Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 10/15/30 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 402714<br> <sup>(a)</sup><br>|
| *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | &nbsp;&nbsp; *5439077* |
| *Entertainment — 0.6%* | *Entertainment — 0.6%* | *Entertainment — 0.6%* | *Entertainment — 0.6%* | *Entertainment — 0.6%* |
| &nbsp;&nbsp;&nbsp; Allen Media LLC/Allen Media Co-Issuer Inc., Senior Notes | &nbsp;&nbsp; 10.500% | &nbsp;&nbsp; 2/15/28 | &nbsp;&nbsp; 990000<br>| &nbsp;&nbsp;&nbsp; 409553<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Discovery Global Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.050% | &nbsp;&nbsp; 3/15/42 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; 458250<br>|
| *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | &nbsp;&nbsp; *867803* |
| *Media — 8.3%* | *Media — 8.3%* | *Media — 8.3%* | *Media — 8.3%* | *Media — 8.3%* |
| &nbsp;&nbsp;&nbsp; AMC Networks Inc., Senior Secured Notes | &nbsp;&nbsp; 10.250% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 397015<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 1/15/34 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 226659<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 2/1/36 | &nbsp;&nbsp; 1550000<br>| &nbsp;&nbsp;&nbsp; 1574244<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 6.700% | &nbsp;&nbsp; 12/1/55 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 527101<br>|
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings Inc., Senior Secured Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 412435<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; DirecTV Financing LLC, Senior Secured Notes | &nbsp;&nbsp; 8.875% | &nbsp;&nbsp; 2/1/30 | &nbsp;&nbsp; 830000<br>| &nbsp;&nbsp;&nbsp; 831322<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; DirecTV Financing LLC/DirecTV Financing Co-Obligor Inc., Senior <br> Secured Notes | &nbsp;&nbsp; 10.000% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 235411<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; DISH DBS Corp., Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 7/1/28 | &nbsp;&nbsp; 1360000<br>| &nbsp;&nbsp;&nbsp; 1313486<br>|
| &nbsp;&nbsp;&nbsp; DISH DBS Corp., Senior Secured Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 12/1/28 | &nbsp;&nbsp; 810000<br>| &nbsp;&nbsp;&nbsp; 786243<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; DISH Network Corp., Senior Secured Notes | &nbsp;&nbsp; 11.750% | &nbsp;&nbsp; 11/15/27 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 113941<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; EchoStar Corp., Senior Secured Notes | &nbsp;&nbsp; 10.750% | &nbsp;&nbsp; 11/30/29 | &nbsp;&nbsp; 4405100<br>| &nbsp;&nbsp;&nbsp; 4812679<br>|
| &nbsp;&nbsp;&nbsp; EchoStar Corp., Senior Secured Notes (6.750% Cash or 6.750% PIK) | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 11/30/30 | &nbsp;&nbsp; 13247<br>| &nbsp;&nbsp;&nbsp; 13433<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Getty Images Inc., Senior Secured Notes | &nbsp;&nbsp; 11.250% | &nbsp;&nbsp; 2/21/30 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 70862<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Getty Images Inc., Senior Secured Notes | &nbsp;&nbsp; 10.500% | &nbsp;&nbsp; 11/15/30 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 221496<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; iHeartCommunications Inc., Senior Secured Notes | &nbsp;&nbsp; 9.125% | &nbsp;&nbsp; 5/1/29 | &nbsp;&nbsp; 262500<br>| &nbsp;&nbsp;&nbsp; 233475<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC, Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 9/1/31 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 238627<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Versant Media Group Inc., Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 1/30/31 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 296969<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; VZ Secured Financing BV, Senior Secured Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 206551<br> <sup>(a)</sup><br>|
| *Total Media* | *Total Media* | *Total Media* | *Total Media* | &nbsp;&nbsp; *12511949* |
| *Wireless Telecommunication Services — 3.7%* | *Wireless Telecommunication Services — 3.7%* | *Wireless Telecommunication Services — 3.7%* | *Wireless Telecommunication Services — 3.7%* | *Wireless Telecommunication Services — 3.7%* |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, Senior Notes | &nbsp;&nbsp; 11.750% | &nbsp;&nbsp; 1/31/29 | &nbsp;&nbsp; 2310000<br>| &nbsp;&nbsp;&nbsp; 1647465<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, Senior Notes | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 12/1/30 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 146644<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 12/1/30 | &nbsp;&nbsp; 1610000<br>| &nbsp;&nbsp;&nbsp; 597399<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, Senior Notes | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 11/15/31 | &nbsp;&nbsp; 850000<br>| &nbsp;&nbsp;&nbsp; 510868<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sprint Capital Corp., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 11/15/28 | &nbsp;&nbsp; 2148000<br>| &nbsp;&nbsp;&nbsp; 2304677<br>|
| &nbsp;&nbsp;&nbsp; Sprint Capital Corp., Senior Notes | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 3/15/32 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 158946<br>|
| &nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I PLC, Senior Secured Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 7/15/31 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 303052<br> <sup>(a)</sup><br>|
| *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | &nbsp;&nbsp; *5669051* |
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **24487880** |

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| **Consumer Discretionary — 17.4%** | **Consumer Discretionary — 17.4%** | **Consumer Discretionary — 17.4%** | **Consumer Discretionary — 17.4%** | **Consumer Discretionary — 17.4%** |
| *Automobile Components — 3.4%* | *Automobile Components — 3.4%* | *Automobile Components — 3.4%* | *Automobile Components — 3.4%* | *Automobile Components — 3.4%* |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/29 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; $19555<br>|
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing Inc., Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 10/15/33 | &nbsp;&nbsp; 640000<br>| &nbsp;&nbsp;&nbsp; 650884<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Clarios Global LP/Clarios US Finance Co., Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 2/15/30 | &nbsp;&nbsp; 520000<br>| &nbsp;&nbsp;&nbsp; 544939<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dornoch Debt Merger Sub Inc., Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 10/15/29 | &nbsp;&nbsp; 950000<br>| &nbsp;&nbsp;&nbsp; 859004<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Garrett Motion Holdings Inc./Garrett LX I Sarl, Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 5/31/32 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 243240<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; JB Poindexter & Co. Inc., Senior Notes | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 12/15/31 | &nbsp;&nbsp; 810000<br>| &nbsp;&nbsp;&nbsp; 839654<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ZF North America Capital Inc., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 3/24/31 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 391856<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ZF North America Capital Inc., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 4/23/32 | &nbsp;&nbsp; 1630000<br>| &nbsp;&nbsp;&nbsp; 1636205<br> <sup>(a)</sup><br>|
| *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | &nbsp;&nbsp; *5185337* |
| *Automobiles — 1.7%* | *Automobiles — 1.7%* | *Automobiles — 1.7%* | *Automobiles — 1.7%* | *Automobiles — 1.7%* |
| &nbsp;&nbsp;&nbsp; PM General Purchaser LLC, Senior Secured Notes | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 10/1/28 | &nbsp;&nbsp; 2800000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *2622088*<br> <sup>(a)</sup><br>|
| *Diversified Consumer Services — 0.7%* | *Diversified Consumer Services — 0.7%* | *Diversified Consumer Services — 0.7%* | *Diversified Consumer Services — 0.7%* | *Diversified Consumer Services — 0.7%* |
| &nbsp;&nbsp;&nbsp; Carriage Services Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 5/15/29 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 327644<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Service Corp. International, Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 4/1/27 | &nbsp;&nbsp; 740000<br>| &nbsp;&nbsp;&nbsp; 762702<br>|
| *Total Diversified Consumer Services* | *Total Diversified Consumer Services* | *Total Diversified Consumer Services* | *Total Diversified Consumer Services* | &nbsp;&nbsp; *1090346* |
| *Hotels, Restaurants & Leisure — 7.0%* | *Hotels, Restaurants & Leisure — 7.0%* | *Hotels, Restaurants & Leisure — 7.0%* | *Hotels, Restaurants & Leisure — 7.0%* | *Hotels, Restaurants & Leisure — 7.0%* |
| &nbsp;&nbsp;&nbsp; Carnival PLC, Senior Notes | &nbsp;&nbsp; 1.000% | &nbsp;&nbsp; 10/28/29 | &nbsp;&nbsp; 1310000 <br><sup>EUR</sup><br>| &nbsp;&nbsp;&nbsp; 1443902<br>|
| &nbsp;&nbsp;&nbsp; Full House Resorts Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/15/28 | &nbsp;&nbsp; 1310000<br>| &nbsp;&nbsp;&nbsp; 1139700<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 12/4/29 | &nbsp;&nbsp; 670000<br>| &nbsp;&nbsp;&nbsp; 655025<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 9/24/33 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 199660<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd., Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 1239000<br>| &nbsp;&nbsp;&nbsp; 1324718<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NCL Finance Ltd., Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 3/15/28 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; 20544<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pinnacle Bidco PLC, Senior Secured Notes | &nbsp;&nbsp; 10.000% | &nbsp;&nbsp; 10/11/28 | &nbsp;&nbsp; 500000 <br><sup>GBP</sup><br>| &nbsp;&nbsp;&nbsp; 710295<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rivers Enterprise Borrower LLC, Senior Secured Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 10/15/30 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 592905<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd., Senior Notes | &nbsp;&nbsp; 9.125% | &nbsp;&nbsp; 7/15/31 | &nbsp;&nbsp; 1720000<br>| &nbsp;&nbsp;&nbsp; 1830863<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Viking Ocean Cruises Ship VII Ltd., Senior Secured Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 60160<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wynn Macau Ltd., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 8/26/28 | &nbsp;&nbsp; 880000<br>| &nbsp;&nbsp;&nbsp; 879552<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wynn Macau Ltd., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 12/15/29 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 695998<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., Senior Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 920000<br>| &nbsp;&nbsp;&nbsp; 993991<br> <sup>(a)</sup><br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *10547313* |
| *Household Durables — 0.5%* | *Household Durables — 0.5%* | *Household Durables — 0.5%* | *Household Durables — 0.5%* | *Household Durables — 0.5%* |
| &nbsp;&nbsp;&nbsp; Dream Finders Homes Inc., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 9/15/30 | &nbsp;&nbsp; 430000<br>| &nbsp;&nbsp;&nbsp; 440009<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Newell Brands Inc., Senior Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 6/1/28 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 231691<br> <sup>(a)</sup><br>|
| *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | &nbsp;&nbsp; *671700* |
| *Specialty Retail — 4.1%* | *Specialty Retail — 4.1%* | *Specialty Retail — 4.1%* | *Specialty Retail — 4.1%* | *Specialty Retail — 4.1%* |
| &nbsp;&nbsp;&nbsp; Gee Automotive Holdings LLC, Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 3/1/31 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 366114<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Global Auto Holdings Ltd./AAG FH UK Ltd., Senior Notes | &nbsp;&nbsp; 11.500% | &nbsp;&nbsp; 8/15/29 | &nbsp;&nbsp; 1090000<br>| &nbsp;&nbsp;&nbsp; 1117152<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Secured Notes | &nbsp;&nbsp; 11.000% | &nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp; 1410000<br>| &nbsp;&nbsp;&nbsp; 1319130<br> <sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 5/1/29 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 492534<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Senior Secured Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/1/28 | &nbsp;&nbsp; 1040000<br>| &nbsp;&nbsp;&nbsp; 1040508<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Senior Secured Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 214191<br> <sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co. Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/1/31 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 361612<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sally Holdings LLC/Sally Capital Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/1/32 | &nbsp;&nbsp; 740000<br>| &nbsp;&nbsp;&nbsp; 768718<br>|
| &nbsp;&nbsp;&nbsp; Upbound Group Inc., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 525104<br> <sup>(a)</sup><br>|
| *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | &nbsp;&nbsp; *6205063* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **26321847** |

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| **Consumer Staples — 0.7%** | **Consumer Staples — 0.7%** | **Consumer Staples — 0.7%** | **Consumer Staples — 0.7%** | **Consumer Staples — 0.7%** |
| *Beverages — 0.5%* | *Beverages — 0.5%* | *Beverages — 0.5%* | *Beverages — 0.5%* | *Beverages — 0.5%* |
| &nbsp;&nbsp;&nbsp; Primo Water Holdings Inc./Triton Water Holdings Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 4/1/29 | &nbsp;&nbsp; 760000<br>| &nbsp;&nbsp;&nbsp; $*761779*<br> <sup>(a)</sup><br>|
| *Food Products — 0.2%* | *Food Products — 0.2%* | *Food Products — 0.2%* | *Food Products — 0.2%* | *Food Products — 0.2%* |
| &nbsp;&nbsp;&nbsp; TKC Holdings Inc., Senior Secured Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 8/15/30 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *399412*<br> <sup>(a)</sup><br>|
| **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **1161191** |
| **Energy — 11.5%** | **Energy — 11.5%** | **Energy — 11.5%** | **Energy — 11.5%** | **Energy — 11.5%** |
| *Energy Equipment & Services — 1.1%* | *Energy Equipment & Services — 1.1%* | *Energy Equipment & Services — 1.1%* | *Energy Equipment & Services — 1.1%* | *Energy Equipment & Services — 1.1%* |
| &nbsp;&nbsp;&nbsp; Nabors Industries Inc., Senior Notes | &nbsp;&nbsp; 8.875% | &nbsp;&nbsp; 8/15/31 | &nbsp;&nbsp; 770000<br>| &nbsp;&nbsp;&nbsp; 798124<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Noble Finance II LLC, Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 4/15/30 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 395722<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; WBI Operating LLC, Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 10/15/33 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 406730<br> <sup>(a)</sup><br>|
| *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | &nbsp;&nbsp; *1600576* |
| *Oil, Gas & Consumable Fuels — 10.4%* | *Oil, Gas & Consumable Fuels — 10.4%* | *Oil, Gas & Consumable Fuels — 10.4%* | *Oil, Gas & Consumable Fuels — 10.4%* | *Oil, Gas & Consumable Fuels — 10.4%* |
| &nbsp;&nbsp;&nbsp; Chord Energy Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 306591<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Chord Energy Corp., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 750000<br>| &nbsp;&nbsp;&nbsp; 779475<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Crescent Energy Finance LLC, Senior Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 2/15/28 | &nbsp;&nbsp; 332000<br>| &nbsp;&nbsp;&nbsp; 341851<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Crescent Energy Finance LLC, Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 1380000<br>| &nbsp;&nbsp;&nbsp; 1371940<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 5/28/45 | &nbsp;&nbsp; 990000<br>| &nbsp;&nbsp;&nbsp; 745941<br>|
| &nbsp;&nbsp;&nbsp; Granite Ridge Resources Inc., Senior Notes | &nbsp;&nbsp; 8.875% | &nbsp;&nbsp; 11/5/29 | &nbsp;&nbsp; 910000<br>| &nbsp;&nbsp;&nbsp; 877581<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Howard Midstream Energy Partners LLC, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 1/15/34 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 361919<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Northern Oil & Gas Inc., Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 10/15/33 | &nbsp;&nbsp; 480000<br>| &nbsp;&nbsp;&nbsp; 491031<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp., Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 3/15/40 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 563205<br>|
| &nbsp;&nbsp;&nbsp; Petroleos del Peru SA, Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 6/19/32 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 410077<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC, Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 10000<br>| &nbsp;&nbsp;&nbsp; 10577<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC, Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 7/15/38 | &nbsp;&nbsp; 570000<br>| &nbsp;&nbsp;&nbsp; 623850<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC, Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 4/15/40 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 185510<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Summit Midstream Holdings LLC, Senior Secured Notes | &nbsp;&nbsp; 8.625% | &nbsp;&nbsp; 10/31/29 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 157094<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sunoco LP, Junior Subordinated Notes (7.875% to 9/18/30 then 5 year <br> Treasury Constant Maturity Rate + 4.230%) | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 9/18/30 | &nbsp;&nbsp; 786000<br>| &nbsp;&nbsp;&nbsp; 813074<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sunoco LP, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 393536<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Venture Global LNG Inc., Junior Subordinated Notes (9.000% to <br> 9/30/29 then 5 year Treasury Constant Maturity Rate + 5.440%) | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 9/30/29 | &nbsp;&nbsp; 2130000<br>| &nbsp;&nbsp;&nbsp; 1864412<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Venture Global LNG Inc., Senior Secured Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 274046<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Venture Global LNG Inc., Senior Secured Notes | &nbsp;&nbsp; 9.875% | &nbsp;&nbsp; 2/1/32 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 254442<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC, Senior Secured Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 6/15/34 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 105046<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC, Senior Secured Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 5/1/35 | &nbsp;&nbsp; 460000<br>| &nbsp;&nbsp;&nbsp; 521995<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 309084<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vermilion Energy Inc., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 5/1/30 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 395761<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vermilion Energy Inc., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 2/15/33 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 156596<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Western Midstream Operating LP, Senior Notes | &nbsp;&nbsp; 4.050% | &nbsp;&nbsp; 2/1/30 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 177869<br>|
| &nbsp;&nbsp;&nbsp; Western Midstream Operating LP, Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 3/1/48 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 477473<br>|
| &nbsp;&nbsp;&nbsp; Western Midstream Operating LP, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/1/50 | &nbsp;&nbsp; 920000<br>| &nbsp;&nbsp;&nbsp; 799513<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos. Inc., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 1/15/31 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 377323<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos. Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/24/44 | &nbsp;&nbsp; 1620000<br>| &nbsp;&nbsp;&nbsp; 1650215<br>|
| *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | &nbsp;&nbsp; *15797027* |
| **Total Energy** | **Total Energy** | **Total Energy** | **Total Energy** | &nbsp;&nbsp; **17397603** |

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| **Financials — 7.5%** | **Financials — 7.5%** | **Financials — 7.5%** | **Financials — 7.5%** | **Financials — 7.5%** |
| *Banks — 2.4%* | *Banks — 2.4%* | *Banks — 2.4%* | *Banks — 2.4%* | *Banks — 2.4%* |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, Junior Subordinated Notes (7.750% to 8/16/29 then <br> 5 year Treasury Constant Maturity Rate + 4.899%) | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 8/16/29 | &nbsp;&nbsp; 810000<br>| &nbsp;&nbsp;&nbsp; $862683<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Junior Subordinated Notes (6.625% to 2/15/31 then 5 <br> year Treasury Constant Maturity Rate + 3.001%) | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 279295<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Junior Subordinated Notes (6.950% to 2/15/30 then 5 <br> year Treasury Constant Maturity Rate + 2.726%) | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 2/15/30 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 237006<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC, Junior Subordinated Notes (8.000% to <br> 3/27/30 then 5 year Treasury Constant Maturity Rate + 3.913%) | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 9/27/29 | &nbsp;&nbsp; 2030000<br>| &nbsp;&nbsp;&nbsp; 2206649<br> <sup>(d)(e)</sup><br>|
| *Total Banks* | *Total Banks* | *Total Banks* | *Total Banks* | &nbsp;&nbsp; *3585633* |
| *Capital Markets — 0.7%* | *Capital Markets — 0.7%* | *Capital Markets — 0.7%* | *Capital Markets — 0.7%* | *Capital Markets — 0.7%* |
| &nbsp;&nbsp;&nbsp; Credit Suisse AG AT1 Claim | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 6220000<br>| &nbsp;&nbsp;&nbsp; 0<br> \*<sup>(f)(g)(h)</sup><br>|
| &nbsp;&nbsp;&nbsp; StoneX Escrow Issuer LLC, Secured Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 7/15/32 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 145391<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; StoneX Group Inc., Secured Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 3/1/31 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 393047<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (9.250% to 11/13/28 then <br> 5 year Treasury Constant Maturity Rate + 4.745%) | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 11/13/28 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 589038<br> <sup>(a)(d)(e)</sup><br>|
| *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | &nbsp;&nbsp; *1127476* |
| *Consumer Finance — 0.8%* | *Consumer Finance — 0.8%* | *Consumer Finance — 0.8%* | *Consumer Finance — 0.8%* | *Consumer Finance — 0.8%* |
| &nbsp;&nbsp;&nbsp; EZCORP Inc., Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 4/1/32 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 386438<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Midcap Financial Issuer Trust, Junior Subordinated Notes (3 mo. Term <br> SOFR + 3.750%) | &nbsp;&nbsp; 7.422% | &nbsp;&nbsp; 1/15/56 | &nbsp;&nbsp; 760000<br>| &nbsp;&nbsp;&nbsp; 749103<br> <sup>(a)(e)</sup><br>|
| *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | &nbsp;&nbsp; *1135541* |
| *Financial Services — 1.3%* | *Financial Services — 1.3%* | *Financial Services — 1.3%* | *Financial Services — 1.3%* | *Financial Services — 1.3%* |
| &nbsp;&nbsp;&nbsp; Capstone Borrower Inc., Senior Secured Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 6/15/30 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 121889<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance Inc., Senior Secured Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 4/30/31 | &nbsp;&nbsp; 730000<br>| &nbsp;&nbsp;&nbsp; 759938<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; VFH Parent LLC/Valor Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 6/15/31 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 386171<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding Inc., Senior <br> Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 5/1/27 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 511660<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding Inc., Senior <br> Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/1/30 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 251477<br> <sup>(a)</sup><br>|
| *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | &nbsp;&nbsp; *2031135* |
| *Insurance — 1.5%* | *Insurance — 1.5%* | *Insurance — 1.5%* | *Insurance — 1.5%* | *Insurance — 1.5%* |
| &nbsp;&nbsp;&nbsp; Acrisure LLC/Acrisure Finance Inc., Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 7/1/32 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 147233<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 <br> Somerset Investor 2 LLC, Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 11/1/29 | &nbsp;&nbsp; 740000<br>| &nbsp;&nbsp;&nbsp; 717589<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 12/31/32 | &nbsp;&nbsp; 1070000<br>| &nbsp;&nbsp;&nbsp; 1124750<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 278820<br> <sup>(a)</sup><br>|
| *Total Insurance* | *Total Insurance* | *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *2268392* |
| *Mortgage Real Estate Investment Trusts (REITs) — 0.8%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.8%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.8%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.8%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.8%* |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance Inc., Senior Secured Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 6/15/29 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 229027<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Arbor Realty SR Inc., Senior Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 12/15/28 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 564760<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Starwood Property Trust Inc., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 4/1/29 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 388169<br> <sup>(a)</sup><br>|
| *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | &nbsp;&nbsp; *1181956* |
| **Total Financials** | **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **11330133** |
| **Health Care — 8.3%** | **Health Care — 8.3%** | **Health Care — 8.3%** | **Health Care — 8.3%** | **Health Care — 8.3%** |
| *Health Care Providers & Services — 5.2%* | *Health Care Providers & Services — 5.2%* | *Health Care Providers & Services — 5.2%* | *Health Care Providers & Services — 5.2%* | *Health Care Providers & Services — 5.2%* |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems Inc., Secured Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 667221<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems Inc., Secured Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 4/1/30 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 150474<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems Inc., Senior Secured Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 1510000<br>| &nbsp;&nbsp;&nbsp; $1386612<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems Inc., Senior Secured Notes | &nbsp;&nbsp; 10.875% | &nbsp;&nbsp; 1/15/32 | &nbsp;&nbsp; 1368000<br>| &nbsp;&nbsp;&nbsp; 1484247<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems Inc., Senior Secured Notes | &nbsp;&nbsp; 9.750% | &nbsp;&nbsp; 1/15/34 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 443129<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; HCA Inc., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 11/15/95 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 1087812<br>|
| &nbsp;&nbsp;&nbsp; LifePoint Health Inc., Senior Notes | &nbsp;&nbsp; 10.000% | &nbsp;&nbsp; 6/1/32 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 219293<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; LifePoint Health Inc., Senior Secured Notes | &nbsp;&nbsp; 9.875% | &nbsp;&nbsp; 8/15/30 | &nbsp;&nbsp; 10000<br>| &nbsp;&nbsp;&nbsp; 10682<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; LifePoint Health Inc., Senior Secured Notes | &nbsp;&nbsp; 11.000% | &nbsp;&nbsp; 10/15/30 | &nbsp;&nbsp; 470000<br>| &nbsp;&nbsp;&nbsp; 511065<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sotera Health Holdings LLC, Senior Secured Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 389783<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; TEAM Services Holding Inc., Senior Secured Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 2/15/33 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 332847<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp., Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 10/1/28 | &nbsp;&nbsp; 882000<br>| &nbsp;&nbsp;&nbsp; 884552<br>|
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 11/15/31 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 273568<br>|
| &nbsp;&nbsp;&nbsp; U.S. Renal Care Inc., Senior Secured Notes | &nbsp;&nbsp; 10.625% | &nbsp;&nbsp; 6/28/28 | &nbsp;&nbsp; 161000<br>| &nbsp;&nbsp;&nbsp; 134435<br> <sup>(a)</sup><br>|
| *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | &nbsp;&nbsp; *7975720* |
| *Health Care Technology — 0.5%* | *Health Care Technology — 0.5%* | *Health Care Technology — 0.5%* | *Health Care Technology — 0.5%* | *Health Care Technology — 0.5%* |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group Inc., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 2/15/30 | &nbsp;&nbsp; 770000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *724732*<br> <sup>(a)</sup><br>|
| *Pharmaceuticals — 2.6%* | *Pharmaceuticals — 2.6%* | *Pharmaceuticals — 2.6%* | *Pharmaceuticals — 2.6%* | *Pharmaceuticals — 2.6%* |
| &nbsp;&nbsp;&nbsp; 1261229 BC Ltd., Senior Secured Notes | &nbsp;&nbsp; 10.000% | &nbsp;&nbsp; 4/15/32 | &nbsp;&nbsp; 1178000<br>| &nbsp;&nbsp;&nbsp; 1219239<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bausch Health Cos. Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 110775<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bausch Health Cos. Inc., Senior Secured Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 6/1/28 | &nbsp;&nbsp; 294000<br>| &nbsp;&nbsp;&nbsp; 273880<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 5/9/29 | &nbsp;&nbsp; 1610000<br>| &nbsp;&nbsp;&nbsp; 1628805<br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 4.100% | &nbsp;&nbsp; 10/1/46 | &nbsp;&nbsp; 920000<br>| &nbsp;&nbsp;&nbsp; 707723<br>|
| *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | &nbsp;&nbsp; *3940422* |
| **Total Health Care** | **Total Health Care** | **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **12640874** |
| **Industrials — 9.8%** | **Industrials — 9.8%** | **Industrials — 9.8%** | **Industrials — 9.8%** | **Industrials — 9.8%** |
| *Aerospace & Defense — 1.5%* | *Aerospace & Defense — 1.5%* | *Aerospace & Defense — 1.5%* | *Aerospace & Defense — 1.5%* | *Aerospace & Defense — 1.5%* |
| &nbsp;&nbsp;&nbsp; Bombardier Inc., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 2/1/29 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 301731<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bombardier Inc., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp; 1540000<br>| &nbsp;&nbsp;&nbsp; 1640351<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; TransDigm Inc., Senior Secured Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 12/1/31 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 388256<br> <sup>(a)</sup><br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *2330338* |
| *Building Products — 0.2%* | *Building Products — 0.2%* | *Building Products — 0.2%* | *Building Products — 0.2%* | *Building Products — 0.2%* |
| &nbsp;&nbsp;&nbsp; Masterbrand Inc., Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 7/15/32 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *231666*<br> <sup>(a)</sup><br>|
| *Commercial Services & Supplies — 4.0%* | *Commercial Services & Supplies — 4.0%* | *Commercial Services & Supplies — 4.0%* | *Commercial Services & Supplies — 4.0%* | *Commercial Services & Supplies — 4.0%* |
| &nbsp;&nbsp;&nbsp; CoreCivic Inc., Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 10/15/27 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; 20019<br>|
| &nbsp;&nbsp;&nbsp; CoreCivic Inc., Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 1420000<br>| &nbsp;&nbsp;&nbsp; 1477604<br>|
| &nbsp;&nbsp;&nbsp; GEO Group Inc., Senior Notes | &nbsp;&nbsp; 10.250% | &nbsp;&nbsp; 4/15/31 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 741347<br>|
| &nbsp;&nbsp;&nbsp; GEO Group Inc., Senior Secured Notes | &nbsp;&nbsp; 8.625% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 375412<br>|
| &nbsp;&nbsp;&nbsp; Madison IAQ LLC, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 6/30/29 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 559107<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Neptune Bidco US Inc., Senior Secured Notes | &nbsp;&nbsp; 10.375% | &nbsp;&nbsp; 5/15/31 | &nbsp;&nbsp; 750000<br>| &nbsp;&nbsp;&nbsp; 757608<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Neptune Bidco US Inc., Senior Secured Notes | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 2/15/33 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 205808<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; RB Global Holdings Inc., Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 730000<br>| &nbsp;&nbsp;&nbsp; 759868<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; RR Donnelley & Sons Co., Secured Notes | &nbsp;&nbsp; 10.875% | &nbsp;&nbsp; 8/1/29 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 102479<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; RR Donnelley & Sons Co., Senior Secured Notes | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 8/1/29 | &nbsp;&nbsp; 940000<br>| &nbsp;&nbsp;&nbsp; 969515<br> <sup>(a)</sup><br>|
| *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | &nbsp;&nbsp; *5968767* |
| *Construction & Engineering — 1.1%* | *Construction & Engineering — 1.1%* | *Construction & Engineering — 1.1%* | *Construction & Engineering — 1.1%* | *Construction & Engineering — 1.1%* |
| &nbsp;&nbsp;&nbsp; Arcosa Inc., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 8/15/32 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 220462<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Tutor Perini Corp., Senior Notes | &nbsp;&nbsp; 11.875% | &nbsp;&nbsp; 4/30/29 | &nbsp;&nbsp; 1350000<br>| &nbsp;&nbsp;&nbsp; 1481547<br> <sup>(a)</sup><br>|
| *Total Construction & Engineering* | *Total Construction & Engineering* | *Total Construction & Engineering* | *Total Construction & Engineering* | &nbsp;&nbsp; *1702009* |

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Ground Transportation — 0.9%* | *Ground Transportation — 0.9%* | *Ground Transportation — 0.9%* | *Ground Transportation — 0.9%* | *Ground Transportation — 0.9%* |
| &nbsp;&nbsp;&nbsp; Carriage Purchaser Inc., Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 10/15/29 | &nbsp;&nbsp; 1460000<br>| &nbsp;&nbsp;&nbsp; $*1425239*<br> <sup>(a)</sup><br>|
| *Machinery — 0.7%* | *Machinery — 0.7%* | *Machinery — 0.7%* | *Machinery — 0.7%* | *Machinery — 0.7%* |
| &nbsp;&nbsp;&nbsp; Columbus McKinnon Corp., Senior Secured Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 2/1/33 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 164601<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Park-Ohio Industries Inc., Senior Secured Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 8/1/30 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 529914<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Titan International Inc., Senior Secured Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 4/30/28 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 381789<br>|
| *Total Machinery* | *Total Machinery* | *Total Machinery* | *Total Machinery* | &nbsp;&nbsp; *1076304* |
| *Passenger Airlines — 0.9%* | *Passenger Airlines — 0.9%* | *Passenger Airlines — 0.9%* | *Passenger Airlines — 0.9%* | *Passenger Airlines — 0.9%* |
| &nbsp;&nbsp;&nbsp; American Airlines Inc., Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 2/15/28 | &nbsp;&nbsp; 670000<br>| &nbsp;&nbsp;&nbsp; 683232<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue Loyalty LP, Senior Secured Notes | &nbsp;&nbsp; 9.875% | &nbsp;&nbsp; 9/20/31 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 620462<br> <sup>(a)</sup><br>|
| *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | &nbsp;&nbsp; *1303694* |
| *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* |
| &nbsp;&nbsp;&nbsp; Herc Holdings Inc., Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 6/15/30 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 262136<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Herc Holdings Inc., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 6/15/33 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 528858<br> <sup>(a)</sup><br>|
| *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | &nbsp;&nbsp; *790994* |
| **Total Industrials** | **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **14829011** |
| **Information Technology — 4.8%** | **Information Technology — 4.8%** | **Information Technology — 4.8%** | **Information Technology — 4.8%** | **Information Technology — 4.8%** |
| *Communications Equipment — 0.5%* | *Communications Equipment — 0.5%* | *Communications Equipment — 0.5%* | *Communications Equipment — 0.5%* | *Communications Equipment — 0.5%* |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect US Finco LLC, Senior Secured Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 9/15/29 | &nbsp;&nbsp; 750000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *796817*<br> <sup>(a)</sup><br>|
| *Electronic Equipment, Instruments & Components — 0.8%* | *Electronic Equipment, Instruments & Components — 0.8%* | *Electronic Equipment, Instruments & Components — 0.8%* | *Electronic Equipment, Instruments & Components — 0.8%* | *Electronic Equipment, Instruments & Components — 0.8%* |
| &nbsp;&nbsp;&nbsp; EquipmentShare.com Inc., Secured Notes | &nbsp;&nbsp; 8.625% | &nbsp;&nbsp; 5/15/32 | &nbsp;&nbsp; 570000<br>| &nbsp;&nbsp;&nbsp; 610409<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; EquipmentShare.com Inc., Secured Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 574282<br> <sup>(a)</sup><br>|
| *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | &nbsp;&nbsp; *1184691* |
| *IT Services — 1.1%* | *IT Services — 1.1%* | *IT Services — 1.1%* | *IT Services — 1.1%* | *IT Services — 1.1%* |
| &nbsp;&nbsp;&nbsp; APLD ComputeCo LLC, Senior Secured Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 12/15/30 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 294107<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CoreWeave Inc., Senior Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 6/1/30 | &nbsp;&nbsp; 950000<br>| &nbsp;&nbsp;&nbsp; 931465<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments Finance Sub Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 8/15/32 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 362462<br> <sup>(a)</sup><br>|
| *Total IT Services* | *Total IT Services* | *Total IT Services* | *Total IT Services* | &nbsp;&nbsp; *1588034* |
| *Semiconductors & Semiconductor Equipment — 0.3%* | *Semiconductors & Semiconductor Equipment — 0.3%* | *Semiconductors & Semiconductor Equipment — 0.3%* | *Semiconductors & Semiconductor Equipment — 0.3%* | *Semiconductors & Semiconductor Equipment — 0.3%* |
| &nbsp;&nbsp;&nbsp; Qnity Electronics Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 8/15/33 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *467797*<br> <sup>(a)</sup><br>|
| *Software — 1.9%* | *Software — 1.9%* | *Software — 1.9%* | *Software — 1.9%* | *Software — 1.9%* |
| &nbsp;&nbsp;&nbsp; Cloud Software Group Inc., Secured Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 9/30/29 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 362728<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cloud Software Group Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 6/30/32 | &nbsp;&nbsp; 2180000<br>| &nbsp;&nbsp;&nbsp; 2183690<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cloud Software Group Inc., Senior Secured Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 8/15/33 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 254953<br> <sup>(a)</sup><br>|
| *Total Software* | *Total Software* | *Total Software* | *Total Software* | &nbsp;&nbsp; *2801371* |
| *Technology Hardware, Storage & Peripherals — 0.2%* | *Technology Hardware, Storage & Peripherals — 0.2%* | *Technology Hardware, Storage & Peripherals — 0.2%* | *Technology Hardware, Storage & Peripherals — 0.2%* | *Technology Hardware, Storage & Peripherals — 0.2%* |
| &nbsp;&nbsp;&nbsp; Black Pearl Compute LLC, Senior Secured Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 143458<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Diebold Nixdorf Inc., Senior Secured Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 3/31/30 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 232589<br> <sup>(a)</sup><br>|
| *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | &nbsp;&nbsp; *376047* |
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **7214757** |
| **Materials — 4.0%** | **Materials — 4.0%** | **Materials — 4.0%** | **Materials — 4.0%** | **Materials — 4.0%** |
| *Chemicals — 0.6%* | *Chemicals — 0.6%* | *Chemicals — 0.6%* | *Chemicals — 0.6%* | *Chemicals — 0.6%* |
| &nbsp;&nbsp;&nbsp; Celanese US Holdings LLC, Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 164892<br>|
| &nbsp;&nbsp;&nbsp; Cerdia Finanz GmbH, Senior Secured Notes | &nbsp;&nbsp; 9.375% | &nbsp;&nbsp; 10/3/31 | &nbsp;&nbsp; 600000<br>| &nbsp;&nbsp;&nbsp; 615000<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Orbia Advance Corp. SAB de CV, Senior Notes | &nbsp;&nbsp; 2.875% | &nbsp;&nbsp; 5/11/31 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 182739<br> <sup>(i)</sup><br>|
| *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | &nbsp;&nbsp; *962631* |
| *Containers & Packaging — 0.5%* | *Containers & Packaging — 0.5%* | *Containers & Packaging — 0.5%* | *Containers & Packaging — 0.5%* | *Containers & Packaging — 0.5%* |
| &nbsp;&nbsp;&nbsp; Canpack SA/Canpack US LLC, Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 11/15/29 | &nbsp;&nbsp; 810000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *775458*<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Metals & Mining — 2.9%* | *Metals & Mining — 2.9%* | *Metals & Mining — 2.9%* | *Metals & Mining — 2.9%* | *Metals & Mining — 2.9%* |
| &nbsp;&nbsp;&nbsp; Capstone Copper Corp., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/31/33 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; $382638<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 8.625% | &nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 1049324<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 3/1/33 | &nbsp;&nbsp; 1180000<br>| &nbsp;&nbsp;&nbsp; 1261262<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 2/15/34 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 335304<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 210841<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan Inc., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 3/15/43 | &nbsp;&nbsp; 1120000<br>| &nbsp;&nbsp;&nbsp; 1108756<br>|
| *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *4348125* |
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **6086214** |
| **Real Estate — 3.4%** | **Real Estate — 3.4%** | **Real Estate — 3.4%** | **Real Estate — 3.4%** | **Real Estate — 3.4%** |
| *Diversified REITs — 1.4%* | *Diversified REITs — 1.4%* | *Diversified REITs — 1.4%* | *Diversified REITs — 1.4%* | *Diversified REITs — 1.4%* |
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/15/27 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 303947<br>|
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., Senior Notes | &nbsp;&nbsp; 3.692% | &nbsp;&nbsp; 6/5/28 | &nbsp;&nbsp; 100000 <br><sup>GBP</sup><br>| &nbsp;&nbsp;&nbsp; 122134<br>|
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 8/1/29 | &nbsp;&nbsp; 640000<br>| &nbsp;&nbsp;&nbsp; 553527<br>|
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., Senior Secured <br> Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 2/15/32 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 546211<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC, Senior Notes | &nbsp;&nbsp; 8.625% | &nbsp;&nbsp; 6/15/32 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 507529<br> <sup>(a)</sup><br>|
| *Total Diversified REITs* | *Total Diversified REITs* | *Total Diversified REITs* | *Total Diversified REITs* | &nbsp;&nbsp; *2033348* |
| *Health Care REITs — 0.4%* | *Health Care REITs — 0.4%* | *Health Care REITs — 0.4%* | *Health Care REITs — 0.4%* | *Health Care REITs — 0.4%* |
| &nbsp;&nbsp;&nbsp; Diversified Healthcare Trust, Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 3/1/31 | &nbsp;&nbsp; 346000<br>| &nbsp;&nbsp;&nbsp; 313215<br>|
| &nbsp;&nbsp;&nbsp; Diversified Healthcare Trust, Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 10/15/30 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 333163<br> <sup>(a)</sup><br>|
| *Total Health Care REITs* | *Total Health Care REITs* | *Total Health Care REITs* | *Total Health Care REITs* | &nbsp;&nbsp; *646378* |
| *Real Estate Management & Development — 0.7%* | *Real Estate Management & Development — 0.7%* | *Real Estate Management & Development — 0.7%* | *Real Estate Management & Development — 0.7%* | *Real Estate Management & Development — 0.7%* |
| &nbsp;&nbsp;&nbsp; Add Hero Holdings Ltd., Senior Secured Notes (7.500% Cash or <br> 8.500% PIK) | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 9/30/29 | &nbsp;&nbsp; 108284<br>| &nbsp;&nbsp;&nbsp; 5663<br> <sup>(b)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Add Hero Holdings Ltd., Senior Secured Notes (8.000% Cash or <br> 9.000% PIK) | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 9/30/30 | &nbsp;&nbsp; 88190<br>| &nbsp;&nbsp;&nbsp; 1323<br> <sup>(b)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Add Hero Holdings Ltd., Senior Secured Notes (8.800% Cash or <br> 9.800% PIK) | &nbsp;&nbsp; 9.800% | &nbsp;&nbsp; 9/30/31 | &nbsp;&nbsp; 116412<br>| &nbsp;&nbsp;&nbsp; 1601<br> <sup>(b)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd., Senior Notes, Step bond (0.000% to <br> 9/30/31 then 1.000%) | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 3/30/2173 | &nbsp;&nbsp; 152810<br>| &nbsp;&nbsp;&nbsp; 1146<br> <sup>(d)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd., Senior Secured Notes (5.500% PIK) | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/30/31 | &nbsp;&nbsp; 42580<br>| &nbsp;&nbsp;&nbsp; 319<br> <sup>(b)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Country Garden Holdings Co. Ltd., Senior Secured Notes (2.500% <br> Cash or 5.000% PIK) | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/31/32 | &nbsp;&nbsp; 634367<br>| &nbsp;&nbsp;&nbsp; 88811<br> <sup>(b)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield US Borrower LLC, Senior Secured Notes | &nbsp;&nbsp; 8.875% | &nbsp;&nbsp; 9/1/31 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 222405<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Five Point Operating Co. LP, Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; 740000<br>| &nbsp;&nbsp;&nbsp; 766851<br> <sup>(a)</sup><br>|
| *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | &nbsp;&nbsp; *1088119* |
| *Specialized REITs — 0.9%* | *Specialized REITs — 0.9%* | *Specialized REITs — 0.9%* | *Specialized REITs — 0.9%* | *Specialized REITs — 0.9%* |
| &nbsp;&nbsp;&nbsp; Iron Mountain Inc., Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 523710<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 8/1/30 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 626165<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 9/15/32 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 182406<br> <sup>(a)</sup><br>|
| *Total Specialized REITs* | *Total Specialized REITs* | *Total Specialized REITs* | *Total Specialized REITs* | &nbsp;&nbsp; *1332281* |
| **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **5100126** |
| **Utilities — 1.5%** | **Utilities — 1.5%** | **Utilities — 1.5%** | **Utilities — 1.5%** | **Utilities — 1.5%** |
| *Electric Utilities — 1.1%* | *Electric Utilities — 1.1%* | *Electric Utilities — 1.1%* | *Electric Utilities — 1.1%* | *Electric Utilities — 1.1%* |
| &nbsp;&nbsp;&nbsp; Alpha Generation LLC, Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 10/15/32 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 229024<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NRG Energy Inc., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 830000<br>| &nbsp;&nbsp;&nbsp; 845174<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC, Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 2/1/36 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 257186<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 10/15/31 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; $380603<br> <sup>(a)</sup><br>|
| *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | &nbsp;&nbsp; *1711987* |
| *Independent Power and Renewable Electricity Producers — 0.4%* | *Independent Power and Renewable Electricity Producers — 0.4%* | *Independent Power and Renewable Electricity Producers — 0.4%* | *Independent Power and Renewable Electricity Producers — 0.4%* | *Independent Power and Renewable Electricity Producers — 0.4%* |
| &nbsp;&nbsp;&nbsp; Lightning Power LLC, Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 8/15/32 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *541779*<br> <sup>(a)</sup><br>|
| **Total Utilities** | **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **2253766** |
| **Total Corporate Bonds & Notes (Cost — $122,363,672)** | **Total Corporate Bonds & Notes (Cost — $122,363,672)** | **Total Corporate Bonds & Notes (Cost — $122,363,672)** | **Total Corporate Bonds & Notes (Cost — $122,363,672)** | &nbsp;&nbsp; **128823402** |
| **Senior Loans — 7.8%** | **Senior Loans — 7.8%** | **Senior Loans — 7.8%** | **Senior Loans — 7.8%** | **Senior Loans — 7.8%** |
| **Communication Services — 1.0%** | **Communication Services — 1.0%** | **Communication Services — 1.0%** | **Communication Services — 1.0%** | **Communication Services — 1.0%** |
| *Interactive Media & Services — 0.4%* | *Interactive Media & Services — 0.4%* | *Interactive Media & Services — 0.4%* | *Interactive Media & Services — 0.4%* | *Interactive Media & Services — 0.4%* |
| &nbsp;&nbsp;&nbsp; X Corp., Term Loan B3  | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 10/26/29 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *577913*<br> <sup>(j)(k)</sup><br>|
| *Media — 0.6%* | *Media — 0.6%* | *Media — 0.6%* | *Media — 0.6%* | *Media — 0.6%* |
| &nbsp;&nbsp;&nbsp; iHeartCommunications Inc., Refinanced Term Loan B (1 mo. Term <br> SOFR + 5.889%)  | &nbsp;&nbsp; 9.562% | &nbsp;&nbsp; 5/1/29 | &nbsp;&nbsp; 1143629<br>| &nbsp;&nbsp;&nbsp;&nbsp; *993047*<br> <sup>(e)(j)(k)</sup><br>|
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **1570960** |
| **Consumer Discretionary — 1.1%** | **Consumer Discretionary — 1.1%** | **Consumer Discretionary — 1.1%** | **Consumer Discretionary — 1.1%** | **Consumer Discretionary — 1.1%** |
| *Automobile Components — 0.3%* | *Automobile Components — 0.3%* | *Automobile Components — 0.3%* | *Automobile Components — 0.3%* | *Automobile Components — 0.3%* |
| &nbsp;&nbsp;&nbsp; ABC Technologies Inc., Term Loan B | 11.922-11.923% | &nbsp;&nbsp; 1/2/40 | &nbsp;&nbsp; 528858<br>| &nbsp;&nbsp;&nbsp; 528858<br> <sup>(e)(f)(g)(j)(k)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Brands Group LLC, 2022 Incremental Term Loan (1 mo. Term <br> SOFR + 7.114%) | &nbsp;&nbsp; 10.786% | &nbsp;&nbsp; 3/30/27 | &nbsp;&nbsp; 266320<br>| &nbsp;&nbsp;&nbsp; 1011<br> <sup>(e)(j)(k)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Brands Group LLC, DIP Roll Up Term Loan (1 mo. Term SOFR + <br> 7.000%) | &nbsp;&nbsp; 10.671% | &nbsp;&nbsp; 6/29/26 | &nbsp;&nbsp; 338958<br>| &nbsp;&nbsp;&nbsp; 1652<br> <sup>(e)(j)(k)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Brands Group LLC, USD DIP Term Loan (1 mo. Term SOFR + <br> 10.000%) | &nbsp;&nbsp; 13.671% | &nbsp;&nbsp; 6/29/26 | &nbsp;&nbsp; 117500<br>| &nbsp;&nbsp;&nbsp; 23084<br> <sup>(e)(j)(k)</sup><br>|
| *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | &nbsp;&nbsp; *554605* |
| *Diversified Consumer Services — 0.4%* | *Diversified Consumer Services — 0.4%* | *Diversified Consumer Services — 0.4%* | *Diversified Consumer Services — 0.4%* | *Diversified Consumer Services — 0.4%* |
| &nbsp;&nbsp;&nbsp; WW International Inc., Take-Back Term Loan (3 mo. Term SOFR + <br> 6.800%)  | &nbsp;&nbsp; 10.489% | &nbsp;&nbsp; 6/24/30 | &nbsp;&nbsp; 666836<br>| &nbsp;&nbsp;&nbsp;&nbsp; *572645*<br> <sup>(e)(j)(k)(l)</sup><br>|
| *Specialty Retail — 0.4%* | *Specialty Retail — 0.4%* | *Specialty Retail — 0.4%* | *Specialty Retail — 0.4%* | *Specialty Retail — 0.4%* |
| &nbsp;&nbsp;&nbsp; Kodiak BP LLC, Initial Term Loan (1 mo. Term SOFR + 3.750%) | &nbsp;&nbsp; 7.423% | &nbsp;&nbsp; 12/4/31 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 230307<br> <sup>(e)(j)(k)</sup><br>|
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co. Inc., 2026 Term Loan (1 mo. Term SOFR + <br> 4.250%) | &nbsp;&nbsp; 7.923% | &nbsp;&nbsp; 1/22/31 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 337312<br> <sup>(e)(j)(k)</sup><br>|
| *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | &nbsp;&nbsp; *567619* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **1694869** |
| **Consumer Staples — 0.3%** | **Consumer Staples — 0.3%** | **Consumer Staples — 0.3%** | **Consumer Staples — 0.3%** | **Consumer Staples — 0.3%** |
| *Beverages — 0.3%* | *Beverages — 0.3%* | *Beverages — 0.3%* | *Beverages — 0.3%* | *Beverages — 0.3%* |
| &nbsp;&nbsp;&nbsp; Triton Water Holdings Inc., 2025 Refinancing Term Loan (3 mo. Term <br> SOFR + 2.250%)  | &nbsp;&nbsp; 5.922% | &nbsp;&nbsp; 3/31/28 | &nbsp;&nbsp; 465486<br>| &nbsp;&nbsp;&nbsp;&nbsp; **465882**<br> <sup>(e)(j)(k)</sup><br>|
| **Financials — 0.7%** | **Financials — 0.7%** | **Financials — 0.7%** | **Financials — 0.7%** | **Financials — 0.7%** |
| *Banks — 0.3%* | *Banks — 0.3%* | *Banks — 0.3%* | *Banks — 0.3%* | *Banks — 0.3%* |
| &nbsp;&nbsp;&nbsp; Ascensus Group Holdings Inc., 2024 Term Loan B (1 mo. Term SOFR + <br> 3.000%)  | &nbsp;&nbsp; 6.673% | &nbsp;&nbsp; 11/24/32 | &nbsp;&nbsp; 490842<br>| &nbsp;&nbsp;&nbsp;&nbsp; *480205*<br> <sup>(e)(j)(k)</sup><br>|
| *Consumer Finance — 0.1%* | *Consumer Finance — 0.1%* | *Consumer Finance — 0.1%* | *Consumer Finance — 0.1%* | *Consumer Finance — 0.1%* |
| &nbsp;&nbsp;&nbsp; Blackhawk Network Holdings Inc., Term Loan B2 (1 mo. Term SOFR + <br> 3.500%)  | &nbsp;&nbsp; 7.173% | &nbsp;&nbsp; 3/12/29 | &nbsp;&nbsp; 205471<br>| &nbsp;&nbsp;&nbsp;&nbsp; *204290*<br> <sup>(e)(j)(k)</sup><br>|
| *Financial Services — 0.1%* | *Financial Services — 0.1%* | *Financial Services — 0.1%* | *Financial Services — 0.1%* | *Financial Services — 0.1%* |
| &nbsp;&nbsp;&nbsp; Nexus Buyer LLC, Amendment No. 10 Term Loan (1 mo. Term SOFR + <br> 4.000%)  | &nbsp;&nbsp; 7.673% | &nbsp;&nbsp; 7/31/31 | &nbsp;&nbsp; 99750<br>| &nbsp;&nbsp;&nbsp;&nbsp; *95910*<br> <sup>(e)(j)(k)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Insurance — 0.2%* | *Insurance — 0.2%* | *Insurance — 0.2%* | *Insurance — 0.2%* | *Insurance — 0.2%* |
| &nbsp;&nbsp;&nbsp; Broadstreet Partners Inc., 2024 Term Loan B  | &nbsp;&nbsp; — | &nbsp;&nbsp; 6/13/31 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; $*220848*<br> <sup>(l)</sup><br>|
| **Total Financials** | **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **1001253** |
| **Health Care — 1.0%** | **Health Care — 1.0%** | **Health Care — 1.0%** | **Health Care — 1.0%** | **Health Care — 1.0%** |
| *Health Care Providers & Services — 0.8%* | *Health Care Providers & Services — 0.8%* | *Health Care Providers & Services — 0.8%* | *Health Care Providers & Services — 0.8%* | *Health Care Providers & Services — 0.8%* |
| &nbsp;&nbsp;&nbsp; LifePoint Health Inc., Term Loan B (3 mo. Term SOFR + 3.750%) | &nbsp;&nbsp; 7.422% | &nbsp;&nbsp; 5/16/31 | &nbsp;&nbsp; 884303<br>| &nbsp;&nbsp;&nbsp; 886111<br> <sup>(e)(j)(k)</sup><br>|
| &nbsp;&nbsp;&nbsp; Team Services Holding Inc., Term Loan | &nbsp;&nbsp; — | &nbsp;&nbsp; 1/31/33 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 349650<br> <sup>(l)</sup><br>|
| *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | &nbsp;&nbsp; *1235761* |
| *Health Care Technology — 0.2%* | *Health Care Technology — 0.2%* | *Health Care Technology — 0.2%* | *Health Care Technology — 0.2%* | *Health Care Technology — 0.2%* |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group Inc., Initial Term Loan (1 mo. Term SOFR + <br> 2.750%)  | &nbsp;&nbsp; 6.423% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *224633*<br> <sup>(e)(j)(k)</sup><br>|
| **Total Health Care** | **Total Health Care** | **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **1460394** |
| **Industrials — 1.2%** | **Industrials — 1.2%** | **Industrials — 1.2%** | **Industrials — 1.2%** | **Industrials — 1.2%** |
| *Building Products — 0.3%* | *Building Products — 0.3%* | *Building Products — 0.3%* | *Building Products — 0.3%* | *Building Products — 0.3%* |
| &nbsp;&nbsp;&nbsp; ACProducts Holdings Inc., Initial Term Loan (3 mo. Term SOFR + <br> 4.512%)  | &nbsp;&nbsp; 8.184% | &nbsp;&nbsp; 5/17/28 | &nbsp;&nbsp; 489744<br>| &nbsp;&nbsp;&nbsp;&nbsp; *393876*<br> <sup>(e)(j)(k)</sup><br>|
| *Electrical Equipment — 0.1%* | *Electrical Equipment — 0.1%* | *Electrical Equipment — 0.1%* | *Electrical Equipment — 0.1%* | *Electrical Equipment — 0.1%* |
| &nbsp;&nbsp;&nbsp; Osmose Utilities Services Inc., First Lien Initial Term Loan  | &nbsp;&nbsp; — | &nbsp;&nbsp; 6/23/28 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *126141*<br> <sup>(l)</sup><br>|
| *Passenger Airlines — 0.8%* | *Passenger Airlines — 0.8%* | *Passenger Airlines — 0.8%* | *Passenger Airlines — 0.8%* | *Passenger Airlines — 0.8%* |
| &nbsp;&nbsp;&nbsp; Spirit Airlines LLC, Contingent DIP Facility | &nbsp;&nbsp; — | &nbsp;&nbsp; 1/1/30 | &nbsp;&nbsp; 315701<br>| &nbsp;&nbsp;&nbsp; 51,301<br> \*<sup>(m)</sup><br>|
| &nbsp;&nbsp;&nbsp; Spirit Airlines LLC, New Money Term Loan (1 mo. Term SOFR + <br> 8.000%) | &nbsp;&nbsp; 11.660% | &nbsp;&nbsp; 1/2/40 | &nbsp;&nbsp; 254925<br>| &nbsp;&nbsp;&nbsp; 248552<br> <sup>(e)(j)(k)</sup><br>|
| &nbsp;&nbsp;&nbsp; Spirit Airlines LLC, Roll Up Term Loan | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/14/26 | &nbsp;&nbsp; 828641<br>| &nbsp;&nbsp;&nbsp; 725061<br> <sup>(l)</sup><br>|
| &nbsp;&nbsp;&nbsp; Spirit Airlines LLC, Second New Money Term Loan (1 mo. Term SOFR <br> + 8.000%) | &nbsp;&nbsp; 11.660% | &nbsp;&nbsp; 7/14/26 | &nbsp;&nbsp; 63223<br>| &nbsp;&nbsp;&nbsp; 61643<br> <sup>(e)(j)(k)</sup><br>|
| &nbsp;&nbsp;&nbsp; Spirit Airlines LLC, Third DIP New Money Term Loan (1 mo. Term SOFR <br> + 8.000%) | &nbsp;&nbsp; 11.660% | &nbsp;&nbsp; 7/14/26 | &nbsp;&nbsp; 124868<br>| &nbsp;&nbsp;&nbsp; 121746<br> <sup>(e)(j)(k)</sup><br>|
| *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | &nbsp;&nbsp; *1208303* |
| **Total Industrials** | **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **1728320** |
| **Information Technology — 2.0%** | **Information Technology — 2.0%** | **Information Technology — 2.0%** | **Information Technology — 2.0%** | **Information Technology — 2.0%** |
| *Semiconductors & Semiconductor Equipment — 0.6%* | *Semiconductors & Semiconductor Equipment — 0.6%* | *Semiconductors & Semiconductor Equipment — 0.6%* | *Semiconductors & Semiconductor Equipment — 0.6%* | *Semiconductors & Semiconductor Equipment — 0.6%* |
| &nbsp;&nbsp;&nbsp; VCI Asset Holdings 2 LLC, Initial Term Loan (6 mo. Term SOFR + <br> 7.750%)  | &nbsp;&nbsp; 11.500% | &nbsp;&nbsp; 2/6/31 | &nbsp;&nbsp; 850000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *866999*<br> <sup>(e)(f)(g)(j)(k)(l)</sup><br>|
| *Software — 1.4%* | *Software — 1.4%* | *Software — 1.4%* | *Software — 1.4%* | *Software — 1.4%* |
| &nbsp;&nbsp;&nbsp; Cloudera Inc., Term Loan | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/8/28 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 168558<br> <sup>(l)</sup><br>|
| &nbsp;&nbsp;&nbsp; DCert Buyer Inc., Second Lien Initial Term Loan (1 mo. Term SOFR + <br> 7.000%) | &nbsp;&nbsp; 10.673% | &nbsp;&nbsp; 2/19/29 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 404585<br> <sup>(e)(j)(k)</sup><br>|
| &nbsp;&nbsp;&nbsp; Modena Buyer LLC, Initial Term Loan (3 mo. Term SOFR + 4.250%) | &nbsp;&nbsp; 7.917% | &nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp; 553000<br>| &nbsp;&nbsp;&nbsp; 489601<br> <sup>(e)(j)(k)</sup><br>|
| &nbsp;&nbsp;&nbsp; X.Ai Corp., Initial Term Loan | &nbsp;&nbsp; 12.500% | &nbsp;&nbsp; 6/30/28 | &nbsp;&nbsp; 945250<br>| &nbsp;&nbsp;&nbsp; 1072367<br> <sup>(j)(k)</sup><br>|
| *Total Software* | *Total Software* | *Total Software* | *Total Software* | &nbsp;&nbsp; *2135111* |
| *Technology Hardware, Storage & Peripherals — 0.0%††* | *Technology Hardware, Storage & Peripherals — 0.0%††* | *Technology Hardware, Storage & Peripherals — 0.0%††* | *Technology Hardware, Storage & Peripherals — 0.0%††* | *Technology Hardware, Storage & Peripherals — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Vericast Corp., 2024 Extended Term Loan (3 mo. Term SOFR + 7.750%)  | &nbsp;&nbsp; 11.622% | &nbsp;&nbsp; 6/14/30 | &nbsp;&nbsp; 32063<br>| &nbsp;&nbsp;&nbsp;&nbsp; *31042*<br> <sup>(e)(j)(k)</sup><br>|
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **3033152** |
| **Materials — 0.5%** | **Materials — 0.5%** | **Materials — 0.5%** | **Materials — 0.5%** | **Materials — 0.5%** |
| *Chemicals — 0.2%* | *Chemicals — 0.2%* | *Chemicals — 0.2%* | *Chemicals — 0.2%* | *Chemicals — 0.2%* |
| &nbsp;&nbsp;&nbsp; Hexion Holdings Corp., 2024 Refinancing Term Loan (1 mo. Term SOFR <br> + 4.000%)  | &nbsp;&nbsp; 7.677% | &nbsp;&nbsp; 3/15/29 | &nbsp;&nbsp; 363932<br>| &nbsp;&nbsp;&nbsp;&nbsp; *357823*<br> <sup>(e)(j)(k)(l)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Metals & Mining — 0.3%* | *Metals & Mining — 0.3%* | *Metals & Mining — 0.3%* | *Metals & Mining — 0.3%* | *Metals & Mining — 0.3%* |
| &nbsp;&nbsp;&nbsp; Arctic Canadian Diamond Co. Ltd., Second Lien Term Loan (3 mo. <br> CORRA + 2.000%)  | &nbsp;&nbsp; 4.258% | &nbsp;&nbsp; 6/30/26 | &nbsp;&nbsp; 940350<br>| &nbsp;&nbsp;&nbsp; $*445160*<br> <sup>(e)(f)(g)(j)(k)</sup><br>|
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **802983** |
| **Total Senior Loans (Cost — $12,559,649)** | **Total Senior Loans (Cost — $12,559,649)** | **Total Senior Loans (Cost — $12,559,649)** | **Total Senior Loans (Cost — $12,559,649)** | &nbsp;&nbsp; **11757813** |
| **Sovereign Bonds — 2.1%** | **Sovereign Bonds — 2.1%** | **Sovereign Bonds — 2.1%** | **Sovereign Bonds — 2.1%** | **Sovereign Bonds — 2.1%** |
| *Angola — 0.5%* | *Angola — 0.5%* | *Angola — 0.5%* | *Angola — 0.5%* | *Angola — 0.5%* |
| &nbsp;&nbsp;&nbsp; Angolan Government International Bond, Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 11/26/29 | &nbsp;&nbsp; 800000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *798053*<br> <sup>(a)</sup><br>|
| *Argentina — 0.3%* | *Argentina — 0.3%* | *Argentina — 0.3%* | *Argentina — 0.3%* | *Argentina — 0.3%* |
| &nbsp;&nbsp;&nbsp; Provincia de Buenos Aires, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp; 45920<br>| &nbsp;&nbsp;&nbsp; 36524<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Provincia de Cordoba, Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 2/1/29 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 401800<br> <sup>(a)</sup><br>|
| *Total Argentina* | *Total Argentina* | *Total Argentina* | *Total Argentina* | &nbsp;&nbsp; *438324* |
| *Bahamas — 1.0%* | *Bahamas — 1.0%* | *Bahamas — 1.0%* | *Bahamas — 1.0%* | *Bahamas — 1.0%* |
| &nbsp;&nbsp;&nbsp; Bahamas Government International Bond, Senior Notes | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 11/20/29 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1536000*<br> <sup>(a)</sup><br>|
| *Dominican Republic — 0.3%* | *Dominican Republic — 0.3%* | *Dominican Republic — 0.3%* | *Dominican Republic — 0.3%* | *Dominican Republic — 0.3%* |
| &nbsp;&nbsp;&nbsp; Dominican Republic International Bond, Senior Notes | &nbsp;&nbsp; 13.625% | &nbsp;&nbsp; 2/3/33 | &nbsp;&nbsp; 21000000 <br><sup>DOP</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; *437746*<br> <sup>(i)</sup><br>|
| **Total Sovereign Bonds (Cost — $2,676,711)** | **Total Sovereign Bonds (Cost — $2,676,711)** | **Total Sovereign Bonds (Cost — $2,676,711)** | **Total Sovereign Bonds (Cost — $2,676,711)** | &nbsp;&nbsp; **3210123** |
|  |  |  | Shares |  |
| **Common Stocks — 0.9%** | **Common Stocks — 0.9%** | **Common Stocks — 0.9%** | **Common Stocks — 0.9%** | **Common Stocks — 0.9%** |
| **Communication Services — 0.6%** | **Communication Services — 0.6%** | **Communication Services — 0.6%** | **Communication Services — 0.6%** | **Communication Services — 0.6%** |
| *Diversified Telecommunication Services — 0.6%* | *Diversified Telecommunication Services — 0.6%* | *Diversified Telecommunication Services — 0.6%* | *Diversified Telecommunication Services — 0.6%* | *Diversified Telecommunication Services — 0.6%* |
| &nbsp;&nbsp;&nbsp; Altice France Luxco | &nbsp;&nbsp;&nbsp; Altice France Luxco |  | &nbsp;&nbsp; 48656 | &nbsp;&nbsp;&nbsp; **912,195**<br> \*<sup>(n)</sup><br>|
| **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** |
| *Diversified Consumer Services — 0.2%* | *Diversified Consumer Services — 0.2%* | *Diversified Consumer Services — 0.2%* | *Diversified Consumer Services — 0.2%* | *Diversified Consumer Services — 0.2%* |
| &nbsp;&nbsp;&nbsp; WW International Inc. | &nbsp;&nbsp;&nbsp; WW International Inc. |  | &nbsp;&nbsp; 14615 | &nbsp;&nbsp;&nbsp; **310,715**<br> \*<br>|
| **Industrials — 0.0%††** | **Industrials — 0.0%††** | **Industrials — 0.0%††** | **Industrials — 0.0%††** | **Industrials — 0.0%††** |
| *Passenger Airlines — 0.0%††* | *Passenger Airlines — 0.0%††* | *Passenger Airlines — 0.0%††* | *Passenger Airlines — 0.0%††* | *Passenger Airlines — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Spirit Airlines LLC | &nbsp;&nbsp;&nbsp; Spirit Airlines LLC |  | &nbsp;&nbsp; 14655 | &nbsp;&nbsp;&nbsp; 7,035<br> \*<sup>(f)(o)</sup><br>|
| &nbsp;&nbsp;&nbsp; Spirit Aviation Holdings Inc. | &nbsp;&nbsp;&nbsp; Spirit Aviation Holdings Inc. |  | &nbsp;&nbsp; 8907 | &nbsp;&nbsp;&nbsp; 4,275<br> \*<br>|
| **Total Industrials** | **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **11310** |
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| *Semiconductors & Semiconductor Equipment — 0.1%* | *Semiconductors & Semiconductor Equipment — 0.1%* | *Semiconductors & Semiconductor Equipment — 0.1%* | *Semiconductors & Semiconductor Equipment — 0.1%* | *Semiconductors & Semiconductor Equipment — 0.1%* |
| &nbsp;&nbsp;&nbsp; VCI Asset Holdings 2 LLC | &nbsp;&nbsp;&nbsp; VCI Asset Holdings 2 LLC |  | &nbsp;&nbsp; 157687 | &nbsp;&nbsp;&nbsp; **157,687**<br> \*<sup>(f)(g)</sup><br>|
| **Materials — 0.0%††** | **Materials — 0.0%††** | **Materials — 0.0%††** | **Materials — 0.0%††** | **Materials — 0.0%††** |
| *Metals & Mining — 0.0%††* | *Metals & Mining — 0.0%††* | *Metals & Mining — 0.0%††* | *Metals & Mining — 0.0%††* | *Metals & Mining — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Arctic Canadian Diamond Co. Ltd. | &nbsp;&nbsp;&nbsp; Arctic Canadian Diamond Co. Ltd. |  | &nbsp;&nbsp; 906 | &nbsp;&nbsp;&nbsp; **14,165**<br> \*<sup>(f)(g)</sup><br>|
| **Real Estate — 0.0%††** | **Real Estate — 0.0%††** | **Real Estate — 0.0%††** | **Real Estate — 0.0%††** | **Real Estate — 0.0%††** |
| *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* |
| &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd. | &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd. |  | &nbsp;&nbsp; 38203 | &nbsp;&nbsp;&nbsp; 370<br> \*<sup>(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Country Garden Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp; Country Garden Holdings Co. Ltd. |  | &nbsp;&nbsp; 5250 | &nbsp;&nbsp;&nbsp; 237<br> \*<sup>(f)</sup><br>|
| **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **607** |
| **Total Common Stocks (Cost — $965,987)** | **Total Common Stocks (Cost — $965,987)** | **Total Common Stocks (Cost — $965,987)** | **Total Common Stocks (Cost — $965,987)** | &nbsp;&nbsp;&nbsp; **1406679**<br>|

---

See Notes to Schedule of Investments.

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate |  | Shares | Value |
| **Preferred Stocks — 0.7%** | **Preferred Stocks — 0.7%** | **Preferred Stocks — 0.7%** | **Preferred Stocks — 0.7%** | **Preferred Stocks — 0.7%** |
| **Financials — 0.7%** | **Financials — 0.7%** | **Financials — 0.7%** | **Financials — 0.7%** | **Financials — 0.7%** |
| *Mortgage Real Estate Investment Trusts (REITs) — 0.7%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.7%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.7%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.7%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.7%* |
| &nbsp;&nbsp;&nbsp; AGNC Investment Corp., Non Voting Shares (3 mo. Term SOFR + <br> 4.959%) | &nbsp;&nbsp; 8.615% |  | &nbsp;&nbsp; 23049 | &nbsp;&nbsp;&nbsp; $575073<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Chimera Investment Corp., Non Voting Shares (3 mo. Term SOFR + <br> 5.005%) | &nbsp;&nbsp; 8.690% |  | &nbsp;&nbsp; 7274 | &nbsp;&nbsp;&nbsp; 159955<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; MFA Financial Inc., Non Voting Shares (3 mo. Term SOFR + 5.607%) | &nbsp;&nbsp; 9.279% |  | &nbsp;&nbsp; 13294 | &nbsp;&nbsp;&nbsp; 303901<br> <sup>(e)</sup><br>|
| **Total Preferred Stocks (Cost — $1,072,218)** | **Total Preferred Stocks (Cost — $1,072,218)** | **Total Preferred Stocks (Cost — $1,072,218)** | **Total Preferred Stocks (Cost — $1,072,218)** | &nbsp;&nbsp; **1038929** |
|  |  | Maturity <br>Date<br>| Face <br>Amount†<br>|  |
| **Collateralized Mortgage Obligations**<sup>(p)</sup> **— 0.3%** | **Collateralized Mortgage Obligations**<sup>(p)</sup> **— 0.3%** | **Collateralized Mortgage Obligations**<sup>(p)</sup> **— 0.3%** | **Collateralized Mortgage Obligations**<sup>(p)</sup> **— 0.3%** | **Collateralized Mortgage Obligations**<sup>(p)</sup> **— 0.3%** |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust, 2025-RTL1 M1 (Cost — $379,998) | &nbsp;&nbsp; 7.023% | &nbsp;&nbsp; 1/25/40 | &nbsp;&nbsp; 380000 | &nbsp;&nbsp;&nbsp;&nbsp; **386250**<br> <sup>(a)(e)</sup><br>|
| **Convertible Bonds & Notes — 0.2%** | **Convertible Bonds & Notes — 0.2%** | **Convertible Bonds & Notes — 0.2%** | **Convertible Bonds & Notes — 0.2%** | **Convertible Bonds & Notes — 0.2%** |
| **Industrials — 0.1%** | **Industrials — 0.1%** | **Industrials — 0.1%** | **Industrials — 0.1%** | **Industrials — 0.1%** |
| *Aerospace & Defense — 0.1%* | *Aerospace & Defense — 0.1%* | *Aerospace & Defense — 0.1%* | *Aerospace & Defense — 0.1%* | *Aerospace & Defense — 0.1%* |
| &nbsp;&nbsp;&nbsp; AeroVironment Inc., Senior Notes | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 7/15/30 | &nbsp;&nbsp; 37000<br>| &nbsp;&nbsp;&nbsp; 42458<br>|
| &nbsp;&nbsp;&nbsp; Voyager Technologies Inc., Senior Notes | &nbsp;&nbsp; 0.750% | &nbsp;&nbsp; 11/15/30 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 45500<br> <sup>(a)</sup><br>|
| **Total Industrials** | **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **87958** |
| **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** |
| *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* |
| &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd., Senior Notes | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 9/30/28 | &nbsp;&nbsp; 13656<br>| &nbsp;&nbsp;&nbsp; 171<br> <sup>(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Country Garden Holdings Co. Ltd., Senior Notes | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 12/31/31 | &nbsp;&nbsp; 1314242<br>| &nbsp;&nbsp;&nbsp; 160365<br> <sup>(i)</sup><br>|
| **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **160536** |
| **Total Convertible Bonds & Notes (Cost — $258,382)** | **Total Convertible Bonds & Notes (Cost — $258,382)** | **Total Convertible Bonds & Notes (Cost — $258,382)** | **Total Convertible Bonds & Notes (Cost — $258,382)** | &nbsp;&nbsp; **248494** |
|  |  | Expiration <br>Date <br>| Rights |  |
| **Rights — 0.0%††** | **Rights — 0.0%††** | **Rights — 0.0%††** | **Rights — 0.0%††** | **Rights — 0.0%††** |
| **Communication Services — 0.0%††** | **Communication Services — 0.0%††** | **Communication Services — 0.0%††** | **Communication Services — 0.0%††** | **Communication Services — 0.0%††** |
| *Diversified Telecommunication Services — 0.0%††* | *Diversified Telecommunication Services — 0.0%††* | *Diversified Telecommunication Services — 0.0%††* | *Diversified Telecommunication Services — 0.0%††* | *Diversified Telecommunication Services — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Altice France Luxco (Cost — $0) |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 3913 | &nbsp;&nbsp;&nbsp; **62,996**<br> \*<br>|
|  |  |  | Warrants |  |
| **Warrants — 0.0%††** | **Warrants — 0.0%††** | **Warrants — 0.0%††** | **Warrants — 0.0%††** | **Warrants — 0.0%††** |
| **Industrials — 0.0%††** | **Industrials — 0.0%††** | **Industrials — 0.0%††** | **Industrials — 0.0%††** | **Industrials — 0.0%††** |
| *Passenger Airlines — 0.0%††* | *Passenger Airlines — 0.0%††* | *Passenger Airlines — 0.0%††* | *Passenger Airlines — 0.0%††* | *Passenger Airlines — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Spirit Airlines LLC |  | &nbsp;&nbsp; 3/12/30 | &nbsp;&nbsp; 797<br>| &nbsp;&nbsp;&nbsp; 382<br> \*<sup>(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Spirit Airlines LLC |  | &nbsp;&nbsp; 3/12/30 | &nbsp;&nbsp; 33991<br>| &nbsp;&nbsp;&nbsp; 16,316<br> \*<sup>(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Spirit Airlines LLC |  | &nbsp;&nbsp; 3/12/30 | &nbsp;&nbsp; 16644<br>| &nbsp;&nbsp;&nbsp; 7,989<br> \*<sup>(a)(f)(o)</sup><br>|
| **Total Warrants (Cost — $679,506)** | **Total Warrants (Cost — $679,506)** | **Total Warrants (Cost — $679,506)** | **Total Warrants (Cost — $679,506)** | &nbsp;&nbsp; **24687** |
| **Total Investments before Short-Term Investments (Cost — $140,956,123)** | **Total Investments before Short-Term Investments (Cost — $140,956,123)** | **Total Investments before Short-Term Investments (Cost — $140,956,123)** | **Total Investments before Short-Term Investments (Cost — $140,956,123)** | &nbsp;&nbsp; **146959373** |

---

See Notes to Schedule of Investments.

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Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

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Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset High Yield Opportunity Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Security | Rate | Shares | Value |
| **Short-Term Investments — 3.1%** | **Short-Term Investments — 3.1%** | **Short-Term Investments — 3.1%** | **Short-Term Investments — 3.1%** |
| &nbsp;&nbsp;&nbsp; Western Asset Premier Institutional Government Reserves, Premium <br> Shares (Cost — $4,612,673)  | &nbsp;&nbsp; 3.603% | &nbsp;&nbsp; 4612673<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$4612673**<br> <sup>(q)(r)</sup><br>|
| **Total Investments — 100.2% (Cost — $145,568,796)** | **Total Investments — 100.2% (Cost — $145,568,796)** | **Total Investments — 100.2% (Cost — $145,568,796)** | &nbsp;&nbsp; **151572046** |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (0.2)% | &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (0.2)% | &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (0.2)% | &nbsp;&nbsp;&nbsp; (266556)<br>|
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$151305490** |

---

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

---

| | |
|:---|:---|
| † | Face amount denominated in U.S. dollars, unless otherwise noted. |
| †† | Represents less than 0.1%. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from <br> registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.<br>|
| <sup>(b)</sup> | Payment-in-kind security for which the issuer has the option at each interest payment date of making interest payments in cash or additional securities.  |
| <sup>(c)</sup> | Securities traded on a when-issued or delayed delivery basis. |
| <sup>(d)</sup> | Security has no maturity date. The date shown represents the next call date. |
| <sup>(e)</sup> | Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published <br> reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a <br> reference rate and spread in their description above.<br>|
| <sup>(f)</sup> | Security is fair valued in accordance with procedures approved by the Board of Directors (Note 1). |
| <sup>(g)</sup> | Security is valued using significant unobservable inputs (Note 1). |
| <sup>(h)</sup> | Value is less than $1. |
| <sup>(i)</sup> | Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of <br> the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the <br> Board of Directors.<br>|
| <sup>(j)</sup> | Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan. |
| <sup>(k)</sup> | Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower <br> prior to the disposition of a senior loan. <br>|
| <sup>(l)</sup> | All or a portion of this loan has not settled as of February 28, 2026. Interest rates are not effective until settlement date. Interest rates shown, if any, are for <br> the settled portion of the loan.<br>|
| <sup>(m)</sup> | The coupon payment on this security is currently in default as of February 28, 2026. |
| <sup>(n)</sup> | All or a portion of this security is pledged as collateral pursuant to the loan agreement.  |
| <sup>(o)</sup> | Restricted security (Note 3). |
| <sup>(p)</sup> | Collateralized mortgage obligations are secured by an underlying pool of mortgages or mortgage pass-through certificates that are structured to direct <br> payments on underlying collateral to different series or classes of the obligations. The interest rate may change positively or inversely in relation to one or <br> more interest rates, financial indices or other financial indicators and may be subject to an upper and/or lower limit.<br>|
| <sup>(q)</sup> | Rate shown is one-day yield as of the end of the reporting period.  |
| <sup>(r)</sup> | In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company" represents Fund ownership of at least 5% of the outstanding <br> voting securities of an issuer, or a company which is under common ownership or control with the Fund. At February 28, 2026, the total market value of <br> investments in Affiliated Companies was $4,612,673 and the cost was $4,612,673 (Note 2).<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| CORRA |  | Canadian Overnight Repo Rate Average |
| DIP |  | Debtor-in-possession |
| DOP |  | Dominican Peso |
| EUR |  | Euro |
| GBP |  | British Pound |
| PIK |  | Payment-In-Kind |
| SOFR |  | Secured Overnight Financing Rate |
| USD |  | United States Dollar |

---

See Notes to Schedule of Investments.

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Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

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 **Western Asset High Yield Opportunity Fund Inc.**

At February 28, 2026, the Fund had the following open forward foreign currency contracts:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Currency <br>Purchased | Currency <br>Purchased | Currency <br>Sold | Currency <br>Sold | Counterparty | Settlement <br>Date<br>| Unrealized <br>Appreciation<br>|
| GBP | &nbsp;&nbsp; 657846 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 886400 | BNP Paribas SA | &nbsp;&nbsp; 4/16/26 | &nbsp;&nbsp; $294 |
| EUR | &nbsp;&nbsp; 1667930 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1957230 | Citibank N.A. | &nbsp;&nbsp; 4/16/26 | &nbsp;&nbsp; 18542 |
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 86000 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 114976 | Morgan Stanley & Co. Inc. | &nbsp;&nbsp; 4/16/26 | &nbsp;&nbsp;&nbsp;&nbsp; 941 |
| **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | &nbsp;&nbsp; **$19777** |

---

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

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** |
| EUR |  | Euro |
| GBP |  | British Pound |
| USD |  | United States Dollar |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

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Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

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Notes to Schedule of Investments (unaudited)

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

**1. Organization and significant accounting policies** 

Western Asset High Yield Opportunity Fund Inc. (formerly Western Asset High Yield Defined Opportunity Fund Inc.) (the "Fund") was incorporated in Maryland on July 20, 2010, and is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund's primary investment objective is to provide high income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in a portfolio of high-yield corporate fixed income securities with varying maturities. Corporate securities include those securities that are issued or originated by U.S. or foreign public or private corporations and other business entities.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Directors (the "Board").

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other

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Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

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relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

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

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Corporate Bonds & Notes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | &nbsp;&nbsp; — | &nbsp;&nbsp; $11330133 | &nbsp;&nbsp; $0<br> \*<br>| &nbsp;&nbsp; $11330133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 117493269 | &nbsp;&nbsp; — | &nbsp;&nbsp; 117493269 |
| &nbsp;&nbsp;&nbsp; Senior Loans: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | &nbsp;&nbsp; — | &nbsp;&nbsp; 1166011 | &nbsp;&nbsp; 528858 | &nbsp;&nbsp; 1694869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | &nbsp;&nbsp; — | &nbsp;&nbsp; 2166153 | &nbsp;&nbsp; 866999 | &nbsp;&nbsp; 3033152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | &nbsp;&nbsp; — | &nbsp;&nbsp; 357823 | &nbsp;&nbsp; 445160 | &nbsp;&nbsp; 802983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Senior Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; 6226809 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6226809 |
| &nbsp;&nbsp;&nbsp; Sovereign Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 3210123 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3210123 |
| &nbsp;&nbsp;&nbsp; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | &nbsp;&nbsp; $310715 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 310715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | &nbsp;&nbsp; 4275 | &nbsp;&nbsp; 7035 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 157687 | &nbsp;&nbsp; 157687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 14165 | &nbsp;&nbsp; 14165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 912802 | &nbsp;&nbsp; — | &nbsp;&nbsp; 912802 |
| &nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; 1038929 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1038929 |
| &nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 386250 | &nbsp;&nbsp; — | &nbsp;&nbsp; 386250 |
| &nbsp;&nbsp;&nbsp; Convertible Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 248494 | &nbsp;&nbsp; — | &nbsp;&nbsp; 248494 |
| &nbsp;&nbsp;&nbsp; Rights | &nbsp;&nbsp; — | &nbsp;&nbsp; 62996 | &nbsp;&nbsp; — | &nbsp;&nbsp; 62996 |
| &nbsp;&nbsp;&nbsp; Warrants | &nbsp;&nbsp; — | &nbsp;&nbsp; 24687 | &nbsp;&nbsp; — | &nbsp;&nbsp; 24687 |
| Total Long-Term Investments | &nbsp;&nbsp; 1353919 | &nbsp;&nbsp; 143592585 | &nbsp;&nbsp; 2012869 | &nbsp;&nbsp; 146959373 |
| Short-Term Investments† | &nbsp;&nbsp; 4612673 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4612673 |
| **Total Investments** | &nbsp;&nbsp; **$5966592** | &nbsp;&nbsp; **$143592585** | &nbsp;&nbsp; **$2012869** | &nbsp;&nbsp; **$151572046** |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† | &nbsp;&nbsp; — | &nbsp;&nbsp; $19777 | &nbsp;&nbsp; — | &nbsp;&nbsp; $19777 |
| **Total** | &nbsp;&nbsp; **$5966592** | &nbsp;&nbsp; **$143612362** | &nbsp;&nbsp; **$2012869** | &nbsp;&nbsp; **$151591823** |

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

---

| | |
|:---|:---|
| † | See Schedule of Investments for additional detailed categorizations. |
| \* | Amount represents less than $1. |
| †† | Reflects the unrealized appreciation (depreciation) of the instruments. |

---

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Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

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Notes to Schedule of Investments (unaudited) (cont'd)

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value: <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Investments in <br>Securities<br>| Balance <br>as of <br>May 31, 2025<br>| Accrued <br>premiums/ <br>discounts<br>| Realized <br>gain <br>(loss)<br>| Change in <br>unrealized <br>appreciation <br>(depreciation)<sup>1</sup> <br>| Purchases |
| **Corporate Bonds &** <br> **Notes:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Financials | $0<br> \*<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Health Care | 0<br> \*<br>|  | $607 |  |  |
| **Senior Loans:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Consumer <br> Discretionary<br>|  | $1264 |  | $17861 | $509733 |
| &nbsp;&nbsp;&nbsp; Information <br> Technology<br>|  |  |  | 19875 | 847124 |
| &nbsp;&nbsp;&nbsp; Materials | 894767 |  |  | (494013)<br>| 44406 |
| **Common Stocks:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Information <br> Technology<br>|  |  |  |  | 157687 |
| &nbsp;&nbsp;&nbsp; Materials | 18905 |  |  | (4740)<br>|  |
| **Total** | **$913672** | **$1264** | **$607** | **$(461017)**<br>| **$1558950** |

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&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>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Investments in <br>Securities (cont'd)<br>| Sales | Transfers <br>into <br>Level 3<br>| Transfers <br>out of <br>Level 3<br>| Balance <br>as of <br>February 28, 2026<br>| Net change <br>in unrealized <br>appreciation <br>(depreciation) for <br> investments <br>in securities <br>still held at <br>February 28, 2026<sup>1</sup> <br>|
| **Corporate Bonds &** <br> **Notes:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Financials |  |  |  | $0<br> \*<br>|  |
| &nbsp;&nbsp;&nbsp; Health Care | $(607)<br>|  |  | 0<br> \*<br>|  |
| **Senior Loans:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Consumer <br> Discretionary<br>|  |  |  | 528858 | $17861 |
| &nbsp;&nbsp;&nbsp; Information <br> Technology<br>|  |  |  | 866999 | 19875 |
| &nbsp;&nbsp;&nbsp; Materials |  |  |  | 445160 | (494013)<br>|
| **Common Stocks:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Information <br> Technology<br>|  |  |  | 157687 |  |
| &nbsp;&nbsp;&nbsp; Materials |  |  |  | 14165 | (4740)<br>|
| **Total** | **$(607)**<br>| **—** | **—** | **$2012869** | **$(461017)**<br>|

---

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

\* Amount represents less than $1.

<sup>1</sup> Change in unrealized appreciation (depreciation) includes net unrealized appreciation (depreciation) resulting from changes in investment values during the reporting period and the reversal of previously recorded unrealized appreciation (depreciation) when gains or losses are realized. 

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended February 28, 2026. The following transactions were

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

effected in such company for the period ended February 28, 2026. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&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;&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>May 31, <br>2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&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;&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>May 31, <br>2025 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium <br> Shares<br>| $4739340 | $51128287 | 51128287 | $51254954 | 51254954 |

---

&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>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>February 28, <br>2026<br>|
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium Shares<br>|  | $77769 |  | $4612673 |

---

**3. Restricted securities**

The following Fund investments are restricted as to resale and, in the absence of readily ascertainable market values, are fair valued in accordance with procedures approved by the Board. <br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security | &nbsp;&nbsp; Number of <br>Shares/ <br>Warrants<br>| Acquisition <br>Date<br>| Cost | Fair Value <br>at 2/28/2026<br>| Value Per <br>Share/Warrant<br>| &nbsp;&nbsp; Percent of <br>Net Assets<br>|
| Spirit Airlines LLC, Common Shares | &nbsp;&nbsp; 14655 | 3/25 | $178401 | $7035 | &nbsp;&nbsp; $0.48 | 0.00 %<sup>(a)</sup><br>|
| Spirit Airlines LLC, Warrants | &nbsp;&nbsp; 16644 | 3/25 | 202613 | 7989 <br><sup>(b)</sup><br>| 0.48 | 0.01 |
| **Total** |  |  | **$381014** | **$15024** |  | **0.01%**<br>|

---

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

<sup>(a)</sup> Amount represents less than 0.005%.

<sup>(b)</sup> Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board. 

------

Western Asset High Yield Opportunity Fund Inc. 2026 Quarterly Report

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Western Asset High Yield Opportunity Fund Inc.

- **b. Investment Company Act file number:** 811-22444

- **c. CIK number of Registrant:** 0001497186

- **d. LEI of Registrant:** 549300MT3R4UXA0DZF65

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

  - **Street Address 1:** 620 Eighth Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

  - **Telephone number:** 1-888-777-0102

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

- **a. Name of Series:** Western Asset High Yield Opportunity Fund Inc.

- **c. LEI of Series:** 549300MT3R4UXA0DZF65

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-27

**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:** $155584621.03

**Total Liabilities:** $4278612.59

**Net Assets:** $151306008.44

**Delayed Delivery Securities:** $1871875.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 25.50000000 | **1-Year:** 916.59000000 | **5-Year:** 835.47000000 | **10-Year:** 6333.14000000 | **30-Year:** 598.64000000

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

- **3-Month:** 559.96000000 | **1-Year:** 13520.52000000 | **5-Year:** 19136.02000000 | **10-Year:** 4955.19000000 | **30-Year:** 168.38000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 0.76%                | 0.67%                | 1.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-325996.57              | $-630852.11                                |
| Month 2  | $-1974368.34             | $2493593.99                                |
| Month 3  | $260591.08               | $-687052.22                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CITIBANK, NATIONAL ASSOCIATION                                                                  | EUR/USD FORWARD                                                                                                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $18542.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Osmose Utilities Services Inc                                                                   | Osmose Utilities Services Term Loan B 325 2028-05-31                                                                                                   | CUSIP: 68835HAH3<br>LEI: 549300FSLVHLFZ3S0D82 | Long             | LON              | CORP              | US        |    130000 | PA      | $126140.95    | 0.08%             | 2028-06-23      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                                                                  | ZFFNGR 6.875 04/23/32 144A                                                                                                                             | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1636205.41   | 1.08%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                                                              | DOMREP 13.625 02/03/33 REGS                                                                                                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |  21000000 | PA      | $437745.80    | 0.29%             | 2033-02-03      | Fixed         | 13.62%                | No            |                  2 | On Loan: No      |
| Viking Ocean Cruises Ship Vii Limited                                                           | VIKCRU 5.625 02/15/29 144A                                                                                                                             | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     60000 | PA      | $60159.55     | 0.04%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Country Garden Holdings Co Ltd.                                                                 | COGARD 5 12/31/32 REG                                                                                                                                  | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |    634367 | PA      | $88811.34     | 0.06%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDICAL PROPERTIES TRUST INC                                                                    | MPW 4.625 08/01/29                                                                                                                                     | CUSIP: 55342UAJ3<br>LEI: 254900U6E39J1MQCCY14 | Long             | DBT              | CORP              | US        |    640000 | PA      | $553527.10    | 0.37%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.                                                             | CCO 7.125 02/15/31 144A                                                                                                                                | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    390000 | PA      | $412435.12    | 0.27%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                                  | BNP V7.75 PERP 144A                                                                                                                                    | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    810000 | PA      | $862683.21    | 0.57%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Diversified Healthcare Trust                                                                    | DHC 7.25 10/15/30 144A                                                                                                                                 | CUSIP: 25525PAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $333163.52    | 0.22%             | 2030-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                       | TIBX 8.25 06/30/32 144A                                                                                                                                | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2180000 | PA      | $2183690.30   | 1.44%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Senior Incorporated                                                                | ABR 8.5 12/15/28 144A                                                                                                                                  | CUSIP: 03881NAL1<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    580000 | PA      | $564760.02    | 0.37%             | 2028-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                              | VEGLPL 6.75 01/15/36 144A                                                                                                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    290000 | PA      | $309083.74    | 0.20%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                              | VEGLPL 7.75 05/01/35 144A                                                                                                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    460000 | PA      | $521995.12    | 0.34%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| X.Ai Corp.                                                                                      | X.AI Corp Fixed-rate Loan 2030-06-01                                                                                                                   | CUSIP: 98402XAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    945250 | PA      | $1072367.22   | 0.71%             | 2028-06-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| Sprint Capital Corporation                                                                      | S 8.75 03/15/32                                                                                                                                        | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    130000 | PA      | $158945.64    | 0.11%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Nabors Industries, Inc.                                                                         | NBR 8.875 08/15/31 144A                                                                                                                                | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    770000 | PA      | $798124.25    | 0.53%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                 | BBDBCN 7.25 07/01/31 144A                                                                                                                              | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1540000 | PA      | $1640351.02   | 1.08%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corporation                                                                      | S 6.875 11/15/28                                                                                                                                       | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   2148000 | PA      | $2304677.29   | 1.52%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Upbound Group Inc                                                                               | UPBD 6.375 02/15/29 144A                                                                                                                               | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    530000 | PA      | $525103.97    | 0.35%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                       | SUN 5.625 03/15/31 144A                                                                                                                                | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    390000 | PA      | $393536.03    | 0.26%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                                                                         | VSNT 7.25 01/30/31 144A                                                                                                                                | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |    290000 | PA      | $296968.41    | 0.20%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                         | LVLT 8.5 01/15/36 144A                                                                                                                                 | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    820000 | PA      | $854652.72    | 0.56%             | 2036-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                | TEVA 4.1 10/01/46                                                                                                                                      | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    920000 | PA      | $707723.43    | 0.47%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                                                            | DISH 7.375 07/01/28                                                                                                                                    | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1313486.23   | 0.87%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GEO Group Inc                                                                                   | GEO 10.25 04/15/31                                                                                                                                     | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    690000 | PA      | $741347.23    | 0.49%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Cloudera Inc                                                                                    | Cloudera First-lien Term Loan 375 2028-07-24                                                                                                           | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |    190000 | PA      | $168557.55    | 0.11%             | 2028-10-08      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Pinnacle Bidco PLC                                                                              | PURGYM 10 10/11/28 144A                                                                                                                                | CUSIP: 000000000<br>LEI: 2138006Z5V8OBL2A2Q06 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $710295.41    | 0.47%             | 2028-10-11      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Tutor Perini Corporation                                                                        | TPC 11.875 04/30/29 144A                                                                                                                               | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1481546.70   | 0.98%             | 2029-04-30      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                | CYH 6.125 04/01/30 144A                                                                                                                                | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    170000 | PA      | $150473.91    | 0.10%             | 2030-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                                    | ROCKIE 6.875 04/15/40 144A                                                                                                                             | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    180000 | PA      | $185509.98    | 0.12%             | 2040-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| China Aoyuan Group Ltd                                                                          | CAPG 5.5 09/30/31 REGS                                                                                                                                 | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |     42580 | PA      | $319.35       | 0.00%             | 2031-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ABCTEC Second Out TL                                                                            | ABCTEC Second Out TL                                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    528858 | PA      | $528857.62    | 0.35%             | 2031-09-08      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Five Point Operating Company LP Five Point Capital Corp                                         | FPH 8 10/01/30 144A                                                                                                                                    | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $766850.90    | 0.51%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                | CYH 4.75 02/15/31 144A                                                                                                                                 | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1386612.25   | 0.92%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                                 | WYNMAC 5.125 12/15/29 144A                                                                                                                             | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    700000 | PA      | $695998.16    | 0.46%             | 2029-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp.                                   | RIVENT 6.25 10/15/30 144A                                                                                                                              | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $592905.13    | 0.39%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                                    | ROCKIE 6.75 03/15/33 144A                                                                                                                              | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10576.99     | 0.01%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Orbia Advance Corp S A B De Cv                                                                  | ORBIA 2.875 05/11/31 REGS                                                                                                                              | CUSIP: 000000000<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |    220000 | PA      | $182738.60    | 0.12%             | 2031-05-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                                            | CHTR 6.7 12/01/55                                                                                                                                      | CUSIP: 161175CT9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    540000 | PA      | $527100.87    | 0.35%             | 2055-12-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Equipmentshare Com Inc.                                                                         | EQMSRM 8 03/15/33 144A                                                                                                                                 | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    540000 | PA      | $574281.89    | 0.38%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                     | FMCN 7.25 02/15/34 144A                                                                                                                                | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    320000 | PA      | $335304.32    | 0.22%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                                             | AXL 5 10/01/29                                                                                                                                         | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19554.84     | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VZ Secured Financing BV                                                                         | ZIGGO 7.5 01/15/33 144A                                                                                                                                | CUSIP: 91845AAB1<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    210000 | PA      | $206551.32    | 0.14%             | 2033-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                   | CHTR 7.375 02/01/36 144A                                                                                                                               | CUSIP: 1248EPCV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1574243.55   | 1.04%             | 2036-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL                                                                              | ISATLN 9 09/15/29 144A                                                                                                                                 | CUSIP: 20752TAB0<br>LEI: 2594001KNYIQ456J2792 | Long             | DBT              | CORP              | LU        |    750000 | PA      | $796817.25    | 0.53%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                                  | ECOPET 5.875 05/28/45                                                                                                                                  | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    990000 | PA      | $745940.76    | 0.49%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                                    | ROCKIE 7.5 07/15/38 144A                                                                                                                               | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    570000 | PA      | $623849.61    | 0.41%             | 2038-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Diebold Nixdorf Incorporated                                                                    | DBD 7.75 03/31/30 144A                                                                                                                                 | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    220000 | PA      | $232588.40    | 0.15%             | 2030-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MICHAELS COMPANIES INC (THE)                                                                    | MIK 7.875 05/01/29 144A                                                                                                                                | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    490000 | PA      | $492533.79    | 0.33%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc.                                                                         | MIK 11 03/15/34 144A                                                                                                                                   | CUSIP: 59408QAA4<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1319129.62   | 0.87%             | 2034-03-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                    | UBS V9.25 PERP 144a                                                                                                                                    | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    540000 | PA      | $589037.85    | 0.39%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                 | TDG 7.125 12/01/31 144A                                                                                                                                | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    370000 | PA      | $388256.17    | 0.26%             | 2031-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Chord Energy Corp.                                                                              | CHRD 6 10/01/30 144A                                                                                                                                   | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306591.11    | 0.20%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| China Aoyuan Group Ltd                                                                          | CAPG 0 09/30/28 REGS                                                                                                                                   | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |     13656 | PA      | $170.70       | 0.00%             | 2028-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                                          | TRICGR L 06/29/26 1                                                                                                                                    | CUSIP: 31935HAM9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    117500 | PA      | $23084.03     | 0.02%             | 2026-06-29      | Floating      | 13.67%                | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                         | VENLNG 9.875 02/01/32 144A                                                                                                                             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    240000 | PA      | $254441.76    | 0.17%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                                         | DTV 8.875 02/01/30 144a                                                                                                                                | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    830000 | PA      | $831322.40    | 0.55%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Limited                                                                   | MPEL 6.5 09/24/33 144A                                                                                                                                 | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199660.04    | 0.13%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Carriage Services, Inc.                                                                         | CSV 4.25 05/15/29 144A                                                                                                                                 | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $327643.75    | 0.22%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sotera Health Holdings LLC                                                                      | STENOR 7.375 06/01/31 144A                                                                                                                             | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    370000 | PA      | $389783.16    | 0.26%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Dexko Global Inc                                                                                | Dornoch Debt Merger Sub Inc                                                                                                                            | CUSIP: 25830JAA9<br>LEI: 549300SMZ4OV1KBH1M19 | Long             | DBT              | CORP              | US        |    950000 | PA      | $859003.87    | 0.57%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                     | FMCN 6.375 02/15/36 144A                                                                                                                               | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $210840.59    | 0.14%             | 2036-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                                    | MPW 8.5 02/15/32 144a                                                                                                                                  | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    510000 | PA      | $546211.53    | 0.36%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JB Poindexter & Co Inc                                                                          | JBPOIN 8.75 12/15/31 144A                                                                                                                              | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    810000 | PA      | $839654.10    | 0.55%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| DISH Network Corporation                                                                        | DISH 11.75 11/15/27 144A                                                                                                                               | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113941.41    | 0.08%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                    | THC 6.125 10/01/28                                                                                                                                     | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    882000 | PA      | $884551.63    | 0.58%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Spirit Aviation Holdings Inc.                                                                   | Spirit Aviation Holdings Inc. WT EXP                                                                                                                   | CUSIP: 84863V135<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16644 | NS      | $7989.12      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MidCap Financial Issuer Trust                                                                   | MIDCAP F 01/15/56 144a                                                                                                                                 | CUSIP: 59590AAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    760000 | PA      | $749103.20    | 0.50%             | 2056-01-15      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Spirit Airlines Contingent                                                                      | SPIRIT FUNDED ROLL UP TL                                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    828641 | PA      | $725061.24    | 0.48%             | 2030-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Altice France SAS                                                                               | SFRFP 6.5 04/15/32 144A                                                                                                                                | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1051830 | PA      | $1008348.39   | 0.67%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Agnc Investment Corp                                                                            | Agnc Investment Corp DEPOSITARY SHARES EACH REPRESENTING 1/1,000TH OF A SHARE OF 6.125% SERIES F FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRE | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     23049 | NS      | $575072.55    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| China Aoyuan Group Ltd                                                                          | China Aoyuan Group Ltd HKD0.01                                                                                                                         | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | EC               | CORP              | KY        |     38203 | NS      | $370.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cushman & Wakefield U S Borrower LLC                                                            | CWK 8.875 09/01/31 144A                                                                                                                                | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    210000 | PA      | $222404.49    | 0.15%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications Inc                                                                        | IHEARTCOMMUNICATIONS INC                                                                                                                               | CUSIP: 45174UAJ7<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |   1143629 | PA      | $993047.46    | 0.66%             | 2029-05-01      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| Arctic Canadian Diamond Company Ltd                                                             | ARCTIC CANADIAN DIAMONDS                                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    940350 | PA      | $445159.90    | 0.29%             | 2026-06-30      | Floating      | 4.26%                 | No            |                  3 | On Loan: No      |
| Petco Health and Wellness Company Inc                                                           | WOOF 8.25 02/01/31 144A                                                                                                                                | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |    370000 | PA      | $361611.86    | 0.24%             | 2031-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Uniti Service LLC / Uniti Fiber Holdings Inc. / Uniti Group Finance 2019 Inc. / CSL Capital LLC | UNIT 8.625 06/15/32 Feb                                                                                                                                | CUSIP: 91327CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $507528.56    | 0.34%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| LUXCO3 DUMMY EQUITY                                                                             | LUXCO3 DUMMY EQUITY                                                                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48656 | NS      | $912195.70    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                | TEVA 5.125 05/09/29                                                                                                                                    | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1610000 | PA      | $1628804.80   | 1.08%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                                   | WMB 5.75 06/24/44                                                                                                                                      | CUSIP: 969457BV1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1650215.17   | 1.09%             | 2044-06-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WBI Operations LLC                                                                              | WBI 6.5 10/15/33 144A                                                                                                                                  | CUSIP: 92944BAB7<br>LEI: 254900A83461EGRMOV11 | Long             | DBT              | CORP              | US        |    400000 | PA      | $406730.00    | 0.27%             | 2033-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Angola (Republic of)                                                                            | ANGOL 8 11/26/29 144A                                                                                                                                  | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    800000 | PA      | $798052.74    | 0.53%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                       | TIBX 6.625 08/15/33 144A                                                                                                                               | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    270000 | PA      | $254953.25    | 0.17%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LHOME MTG TR 2025-RTL1                                                                          | LHOME 2025-RTL1 M1                                                                                                                                     | CUSIP: 50205UAC5<br>LEI: 5299002NGIWITLMXOH85 | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $386249.86    | 0.26%             | 2040-01-25      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                                             | AXL 7.75 10/15/33 144A                                                                                                                                 | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    640000 | PA      | $650883.70    | 0.43%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                               | CSCHLD 11.75 01/31/29 144A                                                                                                                             | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $1647464.74   | 1.09%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Valor                                                                                           | Valor                                                                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $867000.00    | 0.57%             | 2031-02-01      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Athenahealth Group Inc.                                                                         | ATHENA 6.5 02/15/30 144A                                                                                                                               | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    770000 | PA      | $724731.70    | 0.48%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Spirit Airlines, LLC                                                                            | Spirit Airlines, LLC Third DIP New Money TL                                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    124868 | PA      | $121746.11    | 0.08%             | 2026-07-14      | Floating      | 11.66%                | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                     | FMCN 8.625 06/01/31 144A                                                                                                                               | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1049324.51   | 0.69%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ACProducts Holdings Inc                                                                         | Cabinetworks (aka ACProducts) Term Loan B 425 2028-04-24                                                                                               | CUSIP: 00488YAB2<br>LEI: 254900KTNXVUUHWHBF39 | Long             | LON              | CORP              | US        |    489744 | PA      | $393876.29    | 0.26%             | 2028-05-17      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                                                           | Petco Animal Supplies Term Loan B 425 2031-01-11                                                                                                       | CUSIP: 71601HAG1<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    350000 | PA      | $337312.50    | 0.22%             | 2031-01-22      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Altice France SAS                                                                               | SFRFP 6.875 07/15/32 144A                                                                                                                              | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    221036 | PA      | $212452.67    | 0.14%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Titan International, Inc.                                                                       | TWI 7 04/30/28                                                                                                                                         | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |    380000 | PA      | $381788.66    | 0.25%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                  | WES 5.3 03/01/48                                                                                                                                       | CUSIP: 958254AJ3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    540000 | PA      | $477472.97    | 0.32%             | 2048-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                                    | MPW 3.692 06/05/28                                                                                                                                     | CUSIP: 55342UAL8<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    100000 | PA      | $122134.08    | 0.08%             | 2028-06-05      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                | CYH 9.75 01/15/34 144A                                                                                                                                 | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    420000 | PA      | $443128.98    | 0.29%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| athenahealth                                                                                    | athenahealth Term Loan B 300 2029-02-01                                                                                                                | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    230000 | PA      | $224632.95    | 0.15%             | 2029-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Dream Finders Homes Inc                                                                         | DFH 6.875 09/15/30 144A                                                                                                                                | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $440009.54    | 0.29%             | 2030-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TEAM SERVICES HOLDING, INC                                                                      | TEAM Services Term Loan B 525 2033-01-21                                                                                                               | CUSIP: 87821RAB0<br>LEI: 254900SLCOEZGQJACP02 | Long             | LON              | CORP              | US        |    370000 | PA      | $349650.00    | 0.23%             | 2033-01-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                                                                      | Twitter Inc                                                                                                                                            | CUSIP: 90184NAK4<br>LEI: 549300I8RX485XMK6836 | Long             | LON              | CORP              | US        |    550000 | PA      | $577912.50    | 0.38%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                  | WES 4.05 02/01/30                                                                                                                                      | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177868.78    | 0.12%             | 2030-02-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Country Garden Holdings Co Ltd.                                                                 | COGARD 0 12/31/31 REGS                                                                                                                                 | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |   1314242 | PA      | $160365.53    | 0.11%             | 2031-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SAS                                                                               | SFRFP 10 01/15/33 144A                                                                                                                                 | CUSIP: 020956AA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    936000 | PA      | $880690.08    | 0.58%             | 2033-01-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                     | FMCN 8 03/01/33 144A                                                                                                                                   | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1180000 | PA      | $1261261.88   | 0.83%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Granite Ridge Resources Inc                                                                     | GRNT 8.875 11/05/29                                                                                                                                    | CUSIP: 387432AA5<br>LEI: 254900CAHJQKOQ1YZC67 | Long             | DBT              | CORP              | US        |    910000 | PA      | $877581.25    | 0.58%             | 2029-11-05      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc.                                                                         | MIK 8.5 03/15/33 144A                                                                                                                                  | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    220000 | PA      | $214190.87    | 0.14%             | 2033-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MICHAELS COMPANIES INC (THE)                                                                    | MIK 5.25 05/01/28 144A                                                                                                                                 | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1040508.04   | 0.69%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Valor                                                                                           | Valor                                                                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    157687 | NS      | $157687.00    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Legg Mason Partners Institutional Trust                                                         | Legg Mason Partners Institutional Trust GVT RSEVS PRM                                                                                                  | CUSIP: 52470G494<br>LEI: 54930003LJE4ZPPMRV82 | Long             | STIV             | RF                | US        |   5640211 | PA      | $5640210.69   | 3.73%             | 2099-12-01      | Floating      | 0.00%                 | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/GBP FORWARD                                                                                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $940.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MasterBrand Inc                                                                                 | MASBRA 7 07/15/32 144A                                                                                                                                 | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    230000 | PA      | $231665.89    | 0.15%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                                          | QNTELE 6.25 08/15/33 144A                                                                                                                              | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    450000 | PA      | $467797.29    | 0.31%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SPIRIT AVIA HOL RESTRICT                                                                        | SPIRIT AVIA HOL RESTRICT                                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14655 | NS      | $7034.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.                                                     | ARI 4.625 06/15/29 144A                                                                                                                                | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229026.80    | 0.15%             | 2029-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Chimera Investment Corporation                                                                  | Chimera Investment Corporation 7.75% SER C FIXED TO FLOAT CUM RED PFD STOCK                                                                            | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |      7274 | NS      | $159955.26    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Corecivic Inc                                                                                   | CXW 4.75 10/15/27                                                                                                                                      | CUSIP: 21871NAA9<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20019.21     | 0.01%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Park-Ohio Industries, Inc.                                                                      | PKOH 8.5 08/01/30 144A                                                                                                                                 | CUSIP: 700677AS6<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |    510000 | PA      | $529913.97    | 0.35%             | 2030-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| APH Somerset Inv 2 LLC / APH2 Somerset Inv 2 LLC / APH3 Somerset Inv 2                          | AQUARI 7.875 11/01/29 144A                                                                                                                             | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $717589.10    | 0.47%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Spirit Airlines, LLC                                                                            | Spirit Airlines, LLC DIP New Money Term Loan 10/25                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    254925 | PA      | $248551.79    | 0.16%             | 2040-01-02      | None          | 11.66%                | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                               | HRI 7.25 06/15/33 144A                                                                                                                                 | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $528858.50    | 0.35%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                                      | VMED 4.75 07/15/31 144A                                                                                                                                | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    340000 | PA      | $303052.51    | 0.20%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                                                                       | WBD 5.05 03/15/42 *                                                                                                                                    | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    780000 | PA      | $549900.00    | 0.36%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                                                     | ASUCOR 8.375 02/01/34 144A                                                                                                                             | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    280000 | PA      | $278820.26    | 0.18%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Columbus McKinnon Corp.                                                                         | CMCO 7.125 02/01/33 144A                                                                                                                               | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164600.80    | 0.11%             | 2033-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Arcosa Inc                                                                                      | ACA 6.875 08/15/32 144A                                                                                                                                | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    210000 | PA      | $220462.62    | 0.15%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                              | NWL 8.5 06/01/28 144A                                                                                                                                  | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    220000 | PA      | $231691.11    | 0.15%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ALTICE LUXEMBOURG 0 SNR PERP EUR1 '144A'                                                        | ALTICE LUXEMBOURG 0 SNR PERP EUR1 '144A'                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |      3913 | NS      | $62996.56     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bahamas (Commonwealth of)                                                                       | BAHAMA 6.95 11/20/29 144A                                                                                                                              | CUSIP: 056732AG5<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |   1500000 | PA      | $1536000.00   | 1.02%             | 2029-11-20      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| 1261229 Bc Ltd.                                                                                 | BHCCN 10 04/15/32 144A                                                                                                                                 | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1178000 | PA      | $1219239.01   | 0.81%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Capstone Borrower Inc.                                                                          | CVT 8 06/15/30 144A                                                                                                                                    | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    140000 | PA      | $121888.65    | 0.08%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Getty Images Inc.                                                                               | ABEGET 11.25 02/21/30 144A                                                                                                                             | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     80000 | PA      | $70861.84     | 0.05%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                            | NCLH 1.125 02/15/27                                                                                                                                    | CUSIP: 62886HBD2<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    100000 | PA      | $102450.00    | 0.07%             | 2027-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                         | VENLNG 7 01/15/30 144A                                                                                                                                 | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    270000 | PA      | $274045.68    | 0.18%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Viking Cruises, Ltd.                                                                            | VIKCRU 9.125 07/15/31 144A                                                                                                                             | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   1720000 | PA      | $1830862.60   | 1.21%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| WULF Compute LLC                                                                                | WULF 7.75 10/15/30 144A                                                                                                                                | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $402714.12    | 0.27%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sally Holdings LLC                                                                              | SBH 6.75 03/01/32                                                                                                                                      | CUSIP: 79546VAQ9<br>LEI: 3GM3SMNQ8UJOJU9DFN26 | Long             | DBT              | CORP              | US        |    740000 | PA      | $768717.92    | 0.51%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vermilion Energy Inc.                                                                           | VETCN 7.25 02/15/33 144A                                                                                                                               | CUSIP: 923725AE5<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | RF                | CA        |    160000 | PA      | $156596.27    | 0.10%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                                                                        | PRMWCN 6.25 04/01/29 144A                                                                                                                              | CUSIP: 74168RAC7<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |    760000 | PA      | $761778.78    | 0.50%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CAN-PACK SA                                                                                     | CANPCK 3.875 11/15/29 144A                                                                                                                             | CUSIP: 13806CAA0<br>LEI: 259400TS8W5E4ILGVP08 | Long             | DBT              | CORP              | PL        |    810000 | PA      | $775458.60    | 0.51%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                               | CSCHLD 4.625 12/01/30 144a                                                                                                                             | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $597398.87    | 0.39%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                        | HCA 7.5 11/15/95                                                                                                                                       | CUSIP: 197677AH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1087812.33   | 0.72%             | 2095-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Altice Financing S.A.                                                                           | ALTICE 5 01/15/28 144A                                                                                                                                 | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   1380000 | PA      | $973750.18    | 0.64%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HOLDINGS LTD                                                                        | GLOBAU 11.5 08/15/29 144A                                                                                                                              | CUSIP: 00033YAA4<br>LEI: 984500ADEF1BB0584352 | Long             | DBT              | CORP              | GB        |   1090000 | PA      | $1117152.28   | 0.74%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Millrose Properties Inc.                                                                        | MRP 6.375 08/01/30 144A                                                                                                                                | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $626165.00    | 0.41%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VOYAGER TECHNOLOGIES INC                                                                        | VOYG 0.75 11/15/30                                                                                                                                     | CUSIP: 92892BAA1<br>LEI: 254900DDCLSP240FE187 | Long             | DBT              | CORP              | US        |     40000 | PA      | $45500.00     | 0.03%             | 2030-11-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                                                     | ASUCOR 8 12/31/32 144A                                                                                                                                 | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1124749.76   | 0.74%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AMC Networks Inc                                                                                | AMCX 10.25 01/15/29 144A                                                                                                                               | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    370000 | PA      | $397014.70    | 0.26%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Neptune BidCo US Inc.                                                                           | NLSN 9.5 02/15/33 144A                                                                                                                                 | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    210000 | PA      | $205808.57    | 0.14%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AeroVironment, Inc.                                                                             | AVAV 0 07/15/30                                                                                                                                        | CUSIP: 008073AA6<br>LEI: 529900PGHVI29YLZ6221 | Long             | DBT              | CORP              | US        |     37000 | PA      | $42457.50     | 0.03%             | 2030-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ascensus Group Holdings Inc (f/k/a Mercury Borrower Inc)                                        | Ascensus Term Loan B 300 2028-08-01                                                                                                                    | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    490842 | PA      | $480205.29    | 0.32%             | 2032-11-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| R.R. Donnelley & Sons Co.                                                                       | RRD 9.5 08/01/29 144A                                                                                                                                  | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    940000 | PA      | $969515.06    | 0.64%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications Inc                                                                        | IHRT 9.125 05/01/29 144A                                                                                                                               | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    262500 | PA      | $233475.38    | 0.15%             | 2029-05-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                                                                            | JBLU 9.875 09/20/31 144A                                                                                                                               | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |    610000 | PA      | $620461.99    | 0.41%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Howard Midstream Energy Partners Llc                                                            | HOWARD 6.625 01/15/34 144A                                                                                                                             | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $361919.34    | 0.24%             | 2034-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| StoneX Escrow Issuer LLC                                                                        | SNEX 6.875 07/15/32 144A                                                                                                                               | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $145390.84    | 0.10%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru - Petroperu SA                                                               | PETRPE 4.75 06/19/32 144A                                                                                                                              | CUSIP: 716564AA7<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    560000 | PA      | $410076.80    | 0.27%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Service Corporation International                                                               | SCI 7.5 04/01/27                                                                                                                                       | CUSIP: 817565BT0<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    740000 | PA      | $762702.46    | 0.50%             | 2027-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                  | C V6.625 PERP                                                                                                                                          | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    270000 | PA      | $279295.06    | 0.18%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HOLDINGS COMPANY LTD                                                             | Country Garden Holdings Co Ltd. HKD0.10                                                                                                                | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | EC               | CORP              | KY        |      5250 | NS      | $237.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cerdia Finanz Gmbh                                                                              | PLATIN 9.375 10/03/31 144A                                                                                                                             | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $615000.00    | 0.41%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                               | CSCHLD 4.125 12/01/30 144A                                                                                                                             | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    240000 | PA      | $146643.67    | 0.10%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Carnival PLC                                                                                    | CCL 1 10/28/29                                                                                                                                         | CUSIP: 14365CAA1<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |   1310000 | PA      | $1443902.14   | 0.95%             | 2029-10-28      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Apld Computeco LLC                                                                              | APLD 9.25 12/15/30 144A                                                                                                                                | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $294106.96    | 0.19%             | 2030-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Triton Water Holdings Inc                                                                       | Primo Brands (BlueTriton Brands/Nestl Waters NA) Term Loan B 225 2028-03-01                                                                            | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |    465486 | PA      | $465881.50    | 0.31%             | 2028-03-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                                                            | LifePoint Health Term Loan B 375 2031-05-01                                                                                                            | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    884303 | PA      | $886110.96    | 0.59%             | 2031-05-16      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE PLC                                                                      | VSTJET 6.375 02/01/30 144A                                                                                                                             | CUSIP: 92840JAB5<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |    270000 | PA      | $251476.84    | 0.17%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                                         | DTV 10 02/15/31 144A                                                                                                                                   | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $235411.32    | 0.16%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                      | OXY 6.2 03/15/40                                                                                                                                       | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    540000 | PA      | $563204.88    | 0.37%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                                                   | STWD 7.25 04/01/29 144A                                                                                                                                | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    370000 | PA      | $388169.22    | 0.26%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corporation                                                                     | Hexion Term Loan B 400 2029-03-01                                                                                                                      | CUSIP: 00217XAE6<br>LEI: 549300LBB370MUHGLV84 | Long             | LON              | CORP              | US        |    363932 | PA      | $357823.40    | 0.24%             | 2029-03-15      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                            | ALPGEN 6.75 10/15/32 144A                                                                                                                              | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    220000 | PA      | $229023.96    | 0.15%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Spirit Aviation Holdings Inc.                                                                   | Spirit Aviation Holdings Inc. WT EXP                                                                                                                   | CUSIP: 84863V119<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       797 | NS      | $382.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLEN MEDIA LLC                                                                                 | ALNMED 10.5 02/15/28 144A                                                                                                                              | CUSIP: 01771YAA8<br>LEI: 549300ERNJNM4RN5JP79 | Long             | DBT              | CORP              | US        |    990000 | PA      | $409553.10    | 0.27%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| American Airlines Pass Through Trust 2016-3A                                                    | AAL 7.25 02/15/28 144A                                                                                                                                 | CUSIP: 023771T32<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $683232.08    | 0.45%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Cordoba (Province Of)                                                                           | PDCAR 6.875 02/01/29 144A                                                                                                                              | CUSIP: 74408DAE4<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |    410000 | PA      | $401800.00    | 0.27%             | 2029-02-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Chord Energy Corp.                                                                              | CHRD 6.75 03/15/33 144A                                                                                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    750000 | PA      | $779475.00    | 0.52%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                                                    | ACRISU 6.75 07/01/32 144A                                                                                                                              | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147232.98    | 0.10%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                    | THC 6.875 11/15/31                                                                                                                                     | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    250000 | PA      | $273567.50    | 0.18%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                                   | WMB 7.5 01/15/31 A                                                                                                                                     | CUSIP: 969457BB5<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    330000 | PA      | $377322.92    | 0.25%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| R.R. Donnelley & Sons Co.                                                                       | RRD 10.875 08/01/29 144A                                                                                                                               | CUSIP: 257867BK6<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102478.60    | 0.07%             | 2029-08-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                               | HRI 7 06/15/30 144A                                                                                                                                    | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    250000 | PA      | $262135.51    | 0.17%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Nexus Buyer LLC                                                                                 | NEXUS BUYER LLC                                                                                                                                        | CUSIP: 65343UAJ1<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |     99750 | PA      | $95909.63     | 0.06%             | 2031-07-31      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Equipmentshare Com Inc.                                                                         | EQMSRM 8.625 05/15/32 144A                                                                                                                             | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    570000 | PA      | $610409.01    | 0.40%             | 2032-05-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Limited                                                                   | MPEL 5.375 12/04/29 144A                                                                                                                               | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    670000 | PA      | $655024.90    | 0.43%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Add Hero Holdings Ltd.                                                                          | ADHERH 9.8 09/30/31 REGS                                                                                                                               | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |    116412 | PA      | $1600.67      | 0.00%             | 2031-09-30      | Floating      | 9.80%                 | No            |                  2 | On Loan: No      |
| VERICAST CORPORATION                                                                            | VERICAST CORP                                                                                                                                          | CUSIP: 92342KAD1<br>LEI: 549300J73P7FL8TVF308 | Long             | LON              | CORP              | US        |     32063 | PA      | $31041.38     | 0.02%             | 2030-06-14      | Floating      | 11.62%                | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                                          | TRICGR L 06/29/26 2                                                                                                                                    | CUSIP: 31935HAN7<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    338958 | PA      | $1652.42      | 0.00%             | 2026-06-29      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                            | NCLH 7.75 02/15/29 144A                                                                                                                                | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1239000 | PA      | $1324717.74   | 0.88%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                                          | First Brands (Trico Group) Term Loan B (Add-on) 500 2027-03-01                                                                                         | CUSIP: 31935HAG2<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    266320 | PA      | $1010.69      | 0.00%             | 2027-03-30      | Floating      | 10.79%                | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                    | BHCCN 6.25 02/15/29 144A                                                                                                                               | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    140000 | PA      | $110775.00    | 0.07%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                                               | POWSOL 6.75 02/15/30 144A                                                                                                                              | CUSIP: 18060TAD7<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |    520000 | PA      | $544939.20    | 0.36%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Full House Resorts Inc.                                                                         | FLL 8.25 02/15/28 144A                                                                                                                                 | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1139700.00   | 0.75%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Spirit Aviation Holdings Inc.                                                                   | Spirit Aviation Holdings Inc. COM                                                                                                                      | CUSIP: 84863V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8907 | NS      | $4275.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                                                                             | FOUR 6.75 08/15/32 144A                                                                                                                                | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |    370000 | PA      | $362462.14    | 0.24%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vermilion Energy Inc.                                                                           | VETCN 6.875 05/01/30 144A                                                                                                                              | CUSIP: 923725AD7<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | RF                | CA        |    390000 | PA      | $395760.69    | 0.26%             | 2030-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                 | BBDBCN 7.5 02/01/29 144A                                                                                                                               | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    290000 | PA      | $301730.79    | 0.20%             | 2029-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                | CYH 6.875 04/15/29 144A                                                                                                                                | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    690000 | PA      | $667221.03    | 0.44%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Spirit Aviation Holdings Inc.                                                                   | Spirit Aviation Holdings Inc. WT EXP                                                                                                                   | CUSIP: 84863V127<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33991 | NS      | $16315.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                    | USD/GBP FORWARD                                                                                                                                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $294.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                                                           | FCX 5.45 03/15/43                                                                                                                                      | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1108755.65   | 0.73%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Add Hero Holdings Ltd.                                                                          | ADHERH 9 09/30/30 REGS                                                                                                                                 | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |     88191 | PA      | $1322.86      | 0.00%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                                     | CRGYFN 9.25 02/15/28 144A                                                                                                                              | CUSIP: 45344LAC7<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    332000 | PA      | $341851.10    | 0.23%             | 2028-02-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ARCTIC CANADIAN DIAMONDS                                                                        | ARCTIC CANADIAN DIAMONDS                                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |       906 | NS      | $14164.77     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Ncl Finance Limited                                                                             | NCLH 6.125 03/15/28 144A                                                                                                                               | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     20000 | PA      | $20544.46     | 0.01%             | 2028-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Sirius Xm Radio Inc                                                                             | SIRI 3.875 09/01/31 144A                                                                                                                               | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    260000 | PA      | $238626.76    | 0.16%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE PLC                                                                      | VSTJET 7.875 05/01/27 144A                                                                                                                             | CUSIP: 92840JAD1<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |    510000 | PA      | $511660.05    | 0.34%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                              | VEGLPL 6.5 06/15/34 144A                                                                                                                               | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105046.60    | 0.07%             | 2034-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                              | IRM 7 02/15/29 144A                                                                                                                                    | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    510000 | PA      | $523710.33    | 0.35%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Neptune BidCo US Inc.                                                                           | NLSN 10.375 05/15/31 144A                                                                                                                              | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    750000 | PA      | $757608.00    | 0.50%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| StoneX Group Inc                                                                                | SNEX 7.875 03/01/31 144A                                                                                                                               | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |    370000 | PA      | $393047.67    | 0.26%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                        | LLOYDS V8 PERP                                                                                                                                         | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2030000 | PA      | $2206648.57   | 1.46%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WW International Inc                                                                            | WW International Inc COM NEW                                                                                                                           | CUSIP: 98262P200<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | EC               | CORP              | US        |     14615 | NS      | $310714.90    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Operations Co LLC                                                                        | VST 7.75 10/15/31 144A                                                                                                                                 | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    360000 | PA      | $380602.80    | 0.25%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CoreWeave Inc.                                                                                  | CRWV 9.25 06/01/30 144A                                                                                                                                | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    950000 | PA      | $931465.31    | 0.62%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                    | BHCCN 4.875 06/01/28 144A                                                                                                                              | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    294000 | PA      | $273880.11    | 0.18%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                         | VENLNG V9 PERP 144a                                                                                                                                    | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2130000 | PA      | $1864412.32   | 1.23%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Altice Financing S.A.                                                                           | ALTICE 5.75 08/15/29 144a                                                                                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   1580000 | PA      | $1096104.67   | 0.72%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                                                 | MADIAQ 5.875 06/30/29 144A                                                                                                                             | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    560000 | PA      | $559106.74    | 0.37%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Blackhawk Network Holdings Inc.                                                                 | Blackhawk Network Holdings Term Loan B 350 2029-03-01                                                                                                  | CUSIP: 09238FAN1<br>LEI: 549300LFU3K8UIR03132 | Long             | LON              | CORP              | US        |    205471 | PA      | $204289.56    | 0.14%             | 2029-03-12      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| U.S. Renal Care Inc.                                                                            | USRENA 10.625 06/28/28 144a                                                                                                                            | CUSIP: 90355YAA5<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |    161000 | PA      | $134435.00    | 0.09%             | 2028-06-28      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                               | CSCHLD 4.5 11/15/31 144a                                                                                                                               | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    850000 | PA      | $510868.11    | 0.34%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                                                                            | CAPCOP 6.75 03/31/33 144A                                                                                                                              | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    370000 | PA      | $382637.72    | 0.25%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Pm General Purchaser Llc                                                                        | AMGENE 9.5 10/01/28 144A                                                                                                                               | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2622088.00   | 1.73%             | 2028-10-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TKC Holdings Inc.                                                                               | TKCHOL 8.5 08/15/30 144A                                                                                                                               | CUSIP: 87256YAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $399412.63    | 0.26%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                | NRG 6 01/15/36 144A                                                                                                                                    | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    830000 | PA      | $845174.06    | 0.56%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                           | RGCARE 10 06/01/32 144A                                                                                                                                | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    210000 | PA      | $219293.34    | 0.14%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VFH PARENT LLC                                                                                  | VIRT 7.5 06/15/31 144A                                                                                                                                 | CUSIP: 91824YAA6<br>LEI: 549300FRO9M476YHHY64 | Long             | DBT              | CORP              | US        |    370000 | PA      | $386170.85    | 0.26%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| EZCORP Inc.                                                                                     | EZPW 7.375 04/01/32 144A                                                                                                                               | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    360000 | PA      | $386437.68    | 0.26%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WW International Inc                                                                            | WW INTERNATIONAL INC                                                                                                                                   | CUSIP: 92941PAE3<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | LON              | CORP              | US        |    666836 | PA      | $572645.05    | 0.38%             | 2030-06-24      | Floating      | 10.49%                | No            |                  2 | On Loan: No      |
| Getty Images Inc.                                                                               | ABEGET 10.5 11/15/30 144A                                                                                                                              | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    250000 | PA      | $221495.88    | 0.15%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                                                         | TLN 6.5 02/01/36 144A                                                                                                                                  | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257185.75    | 0.17%             | 2036-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.                                                                      | NOG 7.875 10/15/33 144A                                                                                                                                | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    480000 | PA      | $491030.88    | 0.32%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                         | LVLT 6.875 06/30/33 144A                                                                                                                               | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10364.65     | 0.01%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Diversified Healthcare Trust                                                                    | DHC 4.375 03/01/31                                                                                                                                     | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    346000 | PA      | $313214.73    | 0.21%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Summit Midstream Holdings, LLC / Summit Midstream Finance Corp.                                 | SUMMPL 8.625 10/31/29 144A                                                                                                                             | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $157094.25    | 0.10%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                                                                | MODENA BUYER LLC                                                                                                                                       | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |    553000 | PA      | $489601.32    | 0.32%             | 2031-07-01      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE ESCROW CL                                                                         | CREDIT SUISSE ESCROW CL                                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6220000 | PA      | $0.00         | 0.00%             | 2050-01-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| China Aoyuan Group Ltd                                                                          | CAPG 0 PERP REGS                                                                                                                                       | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |    152810 | PA      | $1146.07      | 0.00%             | N/A             | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Add Hero Holdings Ltd.                                                                          | ADHERH 8.5 09/30/29 REGS                                                                                                                               | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |    108284 | PA      | $5663.28      | 0.00%             | 2029-09-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| EchoStar Corp.                                                                                  | SATS 6.75 11/30/30                                                                                                                                     | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     13247 | PA      | $13432.51     | 0.01%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                        | CE 7 02/15/31                                                                                                                                          | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164892.16    | 0.11%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                                     | CRGYFN 7.375 01/15/33 144A                                                                                                                             | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1371940.25   | 0.91%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                                                          | Spirit Contingent TL                                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315701 | PA      | $51301.43     | 0.03%             | 2026-07-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                       | TIBX 9 09/30/29 144A                                                                                                                                   | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    370000 | PA      | $362727.32    | 0.24%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Noble Finance II LLC.                                                                           | NEFINA 8 04/15/30 144A                                                                                                                                 | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $395722.50    | 0.26%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GEO Group Inc                                                                                   | GEO 8.625 04/15/29                                                                                                                                     | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    360000 | PA      | $375411.96    | 0.25%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| DCert Buyer Inc                                                                                 | DigiCert Second-lien Term Loan 700 2029-02-02                                                                                                          | CUSIP: 24022KAJ8<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |    500000 | PA      | $404585.00    | 0.27%             | 2029-02-19      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| Lightning Power LLC                                                                             | LIGPLL 7.25 08/15/32 144A                                                                                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    510000 | PA      | $541779.12    | 0.36%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                           | RGCARE 11 10/15/30 144A                                                                                                                                | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    470000 | PA      | $511064.84    | 0.34%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Black Pearl Compute LLC                                                                         | BLKPRL 6.125 02/15/31 144A                                                                                                                             | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $143458.26    | 0.09%             | 2031-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MFA Financial Inc.                                                                              | MFA Financial Inc. 6.50% SERIES C FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK                                                         | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     13294 | NS      | $303900.84    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH DBS Corporation                                                                            | DISH 5.75 12/01/28 144A                                                                                                                                | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $786243.19    | 0.52%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                                 | WYNMAC 5.625 08/26/28 144A                                                                                                                             | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    880000 | PA      | $879551.76    | 0.58%             | 2028-08-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Millrose Properties Inc.                                                                        | MRP 6.25 09/15/32 144A                                                                                                                                 | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $182405.34    | 0.12%             | 2032-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                                                                  | ZFFNGR 7.5 03/24/31 144A                                                                                                                               | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    380000 | PA      | $391855.62    | 0.26%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Spirit Airlines, LLC                                                                            | Spirit Airlines, LLC Second DIP New Money Delayed TL                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     63223 | PA      | $61642.58     | 0.04%             | 2026-07-14      | Floating      | 11.66%                | No            |                  2 | On Loan: No      |
| Rb Global Holdings Inc.                                                                         | RBACN 7.75 03/15/31 144A                                                                                                                               | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    730000 | PA      | $759867.95    | 0.50%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                  | C V6.95 PERP FF                                                                                                                                        | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    230000 | PA      | $237006.03    | 0.16%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Carriage Purchaser Inc.                                                                         | PSLOGI 7.875 10/15/29 144A                                                                                                                             | CUSIP: 14445LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1460000 | PA      | $1425239.01   | 0.94%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Gee Automotive Holdings LLC                                                                     | GEEATO 7.25 03/01/31 144A                                                                                                                              | CUSIP: 36846VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $366114.45    | 0.24%             | 2031-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                  | WES 5.25 02/01/50                                                                                                                                      | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    920000 | PA      | $799512.75    | 0.53%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                           | RGCARE 9.875 08/15/30 144A                                                                                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10682.17     | 0.01%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HOLDINGS INC                                                                     | GTX 7.75 05/31/32 144A                                                                                                                                 | CUSIP: 366504AA6<br>LEI: 5493001N1N6Z0SR83G07 | Long             | DBT              | CORP              | US        |    230000 | PA      | $243239.95    | 0.16%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Wynn Resorts Finance Llc / Wynn Resorts Capital Corp                                            | WYNFIN 7.125 02/15/31 144A                                                                                                                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    920000 | PA      | $993991.00    | 0.66%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                                    | MPW 5 10/15/27                                                                                                                                         | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    310000 | PA      | $303946.63    | 0.20%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMUNITY HEALTH SYSTEMS INC                                                                    | CYH 10.875 01/15/32 144A                                                                                                                               | CUSIP: 12543DBN9<br>LEI: 549300BQWM4WENQ3YW73 | Long             | DBT              | CORP              | US        |   1368000 | PA      | $1484247.17   | 0.98%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Broadstreet Partners Inc                                                                        | BroadStreet Partners Term Loan B-4 300 2031-06-01                                                                                                      | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |    230000 | PA      | $220848.30    | 0.15%             | 2031-06-13      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Kodiak BP LLC                                                                                   | Kodiak Building Partners Term Loan B 375 2031-11-18                                                                                                    | CUSIP: 50011JAF7<br>LEI: 549300Y1Q6ZUH0EXO182 | Long             | LON              | CORP              | US        |    230000 | PA      | $230307.05    | 0.15%             | 2031-12-04      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                                                           | JANEST 7.125 04/30/31 144A                                                                                                                             | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    730000 | PA      | $759938.23    | 0.50%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Buenos Aires (Province Of)                                                                      | BUENOS 6.625 09/01/37 144A                                                                                                                             | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |     45920 | PA      | $36524.37     | 0.02%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Team Services Holding Inc.                                                                      | TEAPUB 9 02/15/33 144A                                                                                                                                 | CUSIP: 87821TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $332846.40    | 0.22%             | 2033-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Corecivic Inc                                                                                   | CXW 8.25 04/15/29                                                                                                                                      | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1477603.72   | 0.98%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                   | CHTR 4.25 01/15/34 144A                                                                                                                                | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $226659.13    | 0.15%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                       | SUN V7.875 PERP 144A                                                                                                                                   | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    786000 | PA      | $813073.77    | 0.54%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| EchoStar Corp.                                                                                  | SATS 10.75 11/30/29 .                                                                                                                                  | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   4405100 | PA      | $4812677.47   | 3.18%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** Western Asset High Yield Defined Opportunity Fund Inc.

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer