# EDGAR Filing Document

**Accession Number:** 0001546429
**File Stem:** 0001049169-25-000898
**Filing Date:** 2025-11
**Character Count:** 398806
**Document Hash:** 1a1bc44f8c595483b1aa0c1e3bd0e29e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-25-000898.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001049169-25-000898

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blackstone Strategic Credit 2027 Term Fund
- **CENTRAL INDEX KEY:** 0001546429

**ORGANIZATION NAME:**
- **EIN:** 900824512
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22686
- **FILM NUMBER:** 251531059

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **STREET 2:** 31ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
- **BUSINESS PHONE:** 212-503-2100

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **STREET 2:** 31ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone Strategic Credit Fund
- **DATE OF NAME CHANGE:** 20201210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone / GSO Strategic Credit Fund
- **DATE OF NAME CHANGE:** 20120403

## Nport-Ex

**Blackstone Strategic Credit 2027 Term Fund**

**Portfolio of Investments**

September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 121.80% |  |  |
| **Aerospace & Defense - 3.16%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ATLAS CC ACQUISITION CORP, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 4.25%, 05/01/2029 | $4169581 | $2419670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 5.12%, 05/29/2029 | 598524 | 347333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kaman 1/25 Cov-Lite TLB, First Lien Term Loan, 6M CME TERM + 3.00%, 02/26/2032 | 2226460 | 2221883 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kaman 1/25 Delayed TL 1L, First Lien Term Loan, 3M SOFR + 2.75%, 02/26/2032<sup>(b)</sup> | 20164 | 20123 |
| &nbsp;&nbsp;&nbsp;&nbsp;KARMAN HLDGS LLC, First Lien Term Loan, 3M SOFR + 3.50%, 04/01/2032<sup>(c)</sup> | 2136964 | 2150320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novaria Holdings, LLC, First Lien Term Loan, 1M SOFR + 3.25%, 06/06/2031 | 2509541 | 2516342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peraton Corp., First Lien B Term Loan, 1M SOFR + 3.75%, 0.75% Floor, 02/01/2028 | 5696146 | 4818598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signia Aerospace LLC, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 7.30%, 12/11/2031 | 1556594 | 1561458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 2.75%, 12/11/2031 | 95476 | 95774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transdigm Inc, First Lien Term Loan, 3M SOFR + 2.50%, 08/13/2032 | 1708683 | 1708768 |
|  |  | 17860269 |
| **Air Freight & Logistics - 0.67%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIT Worldwide Logistics Holdings, Inc., First Lien Term Loan, 3M SOFR + 4.00%, 0.75% Floor, 04/08/2030 | 1290431 | 1295141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jetblue 8/24 TLB 1L, First Lien Term Loan, 3M SOFR + 4.75%, 08/27/2029 | 1560015 | 1501124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savage Enterprises LLC, First Lien Term Loan, 1M SOFR + 2.50%, 08/05/2032 | 960850 | 962825 |
|  |  | 3759090 |
| **Auto Components - 0.37%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belron Finance 2019 LLC, First Lien Term Loan, 3M SOFR + 2.50%, 10/16/2031 | 2092942 | 2106034 |
| **Automobile Components - 1.36%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LTI Holdings, Inc., First Lien Term Loan, 1M SOFR + 4.25%, 07/29/2029 | 4297723 | 4341474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tenneco, Inc., First Lien Term Loan, 3M SOFR + 5.00%, 0.50% Floor, 11/17/2028 | 3423993 | 3361128 |
|  |  | 7702602 |
| **Beverages - 0.32%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAZERAC CO INC, First Lien Term Loan, 1M SOFR + 2.50%, 12/31/2035 | 1775430 | 1788258 |
| **Broadline Retail - 0.40%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peer Hldg III BV, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 2.50%, 10/28/2030 | 588396 | 589826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 3.25%, 07/01/2031 | 1636935 | 1640691 |
|  |  | 2230517 |
| **Building Products - 1.56%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LBM Acquisition LLC, First Lien Term Loan, 1M SOFR + 3.75%, 06/06/2031 | 2663185 | 2604010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miter Brands Acquisition Holdco Inc., First Lien Term Loan, 3M SOFR + 2.75%, 03/28/2031 | 2712192 | 2725563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oscar Acquisitionco LLC, First Lien Term Loan, 3M SOFR + 4.25%, 0.50% Floor, 04/30/2029 | 1729974 | 1619887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resideo Funding Inc, First Lien Term Loan, 3M SOFR + 2.00%, 08/13/2032 | 891708 | 893103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunbelt Transformer 10/24, First Lien Term Loan, 3M SOFR + 4.25%, 10/24/2031 | 952567 | 956535 |
|  |  | 8799098 |
| **Business Equipment & Services - 0.02%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ThoughtWorks, Inc., First Lien Incremental Term Loan, 3M SOFR + 2.50%, 0.50% Floor, 03/24/2028 | 139556 | 137166 |
| **Capital Markets - 7.04%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apex Group Treasury LLC, First Lien Term Loan, 3M SOFR + 3.50%, 02/27/2032 | 3917811 | 3839455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aretec Group, Inc., First Lien Term Loan, 1M SOFR + 3.50%, 08/09/2030 | 3208398 | 3211895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascensus Holdings, Inc., First Lien Term Loan, 1M SOFR + 3.00%, 0.50% Floor, 08/02/2028 | 2194167 | 2195078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citadel Securities Global Holdings LLC, First Lien Term Loan, 1M SOFR + 2.00%, 10/31/2031 | 1218926 | 1222589 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Capital Markets (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CITCO FDG LLC, First Lien Term Loan, 3M SOFR + 2.75%, 04/27/2028 | $5586214 | $5607665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FOCUS FINL PARTNERS LLC, First Lien Term Loan, 1M SOFR + 2.75%, 09/15/2031 | 4369096 | 4375082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GTCR Everest Borrower LLC, First Lien Term Loan, 1M SOFR + 2.75%, 09/05/2031 | 3713565 | 3717910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hudson River Trading LLC, First Lien Term Loan, 3M SOFR + 3.00%, 03/18/2030 | 2529641 | 2536648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ITG Communications LLC, First Lien Term Loan, 3M SOFR + 9.09%, 07/01/2031 | 1577000 | 1560741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jane Street Group LLC, First Lien Term Loan, 3M SOFR + 2.00%, 12/15/2031 | 1984375 | 1972598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jump Financial LLC, First Lien Term Loan, 3M SOFR + 7.50%, 02/26/2032 | 165394 | 166738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June Purchaser, LLC, First Lien Term Loan, 3M SOFR + 3.25%, 11/28/2031 | 1036773 | 1041091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kestra Advisor Services Holdings A, Inc., First Lien Term Loan, 1M SOFR + 3.00%, 03/22/2031 | 249930 | 250281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orion US Finco, First Lien Term Loan, 3M SOFR + 7.43%, 05/20/2032 | 1661518 | 1671902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OSAIC HOLDINGS INC TL 1L, First Lien Term Loan, 3M SOFR + 3.00%, 07/17/2032 | 4188512 | 4190899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Osttra Group LTD, First Lien Term Loan, 3M SOFR + 9.82%, 05/03/2033 | 479260 | 483252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saphilux Sarl, First Lien Term Loan, 3M SOFR + 3.00%, 07/18/2028 | 314638 | 316309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Superannuation and Investments US LLC, First Lien Term Loan, 3M SOFR + 3.00%, 12/01/2028 | 280336 | 282123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Victory Capital Holdings Inc, First Lien Term Loan, 3M SOFR + 2.00%, 09/10/2032 | 1092374 | 1091696 |
|  |  | 39733952 |
| **Chemicals - 2.36%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barentz Intl BV, First Lien Term Loan, 3M SOFR + 3.25%, 03/03/2031 | 1990013 | 1994739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discovery Purchaser/Bayer/Envu 8/22 TL, First Lien Term Loan, 3M SOFR + 3.75%, 10/04/2029 | 3046153 | 3036009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortis 333 Inc, First Lien Term Loan, 3M SOFR + 3.50%, 03/29/2032 | 1256850 | 1252137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Geon Performance Solutions LLC, First Lien Term Loan, 3M SOFR + 4.25%, 0.75% Floor, 08/18/2028 | 1129372 | 1061892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nouryon Finance BV, First Lien Term Loan, 1M SOFR + 3.25%, 04/03/2028 | 2695270 | 2703140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Olympus Water US Holding Corp, First Lien Term Loan, 3M SOFR + 7.12%, 07/26/2032 | 565008 | 561782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solstice Advanced Materials Inc, First Lien Term Loan, 3M SOFR + 5.77%, 09/16/2032 | 695324 | 697066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vibrantz Technologies, Inc., First Lien Term Loan, 3M SOFR + 4.25%, 0.50% Floor, 04/21/2029 | 2480818 | 2010716 |
|  |  | 13317481 |
| **Commercial Services & Supplies - 6.60%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Action Environmental Group, Inc., First Lien Term Loan, 3M SOFR + 3.75%, 0.50% Floor, 10/24/2030<sup>(c)</sup> | 4834288 | 4840331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allied Universal Holdco LLC, First Lien Term Loan, 1M SOFR + 3.25%, 08/20/2032 | 8199763 | 8239860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anticimex Global AB, First Lien Term Loan, 3M SOFR + 3.40%, 0.50% Floor, 11/16/2028 | 276995 | 278242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Armor Holdco, Inc., First Lien Term Loan, 3M SOFR + 3.75%, 0.50% Floor, 12/11/2028 | 3302771 | 3308551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belfor Holdings Inc, First Lien Term Loan, 3M SOFR + 2.75%, 11/04/2030 | 760348 | 764629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Justrite Safety Group, First Lien Delayed Draw Term Loan, 1M SOFR + 4.50%, 06/28/2026 | 216653 | 216653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Justrite Safety Group, First Lien Initial Term Loan, 1M SOFR + 4.50%, 06/28/2026 | 4007163 | 4007163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LSF12 Crown US Commercial Bidco, LLC, First Lien Term Loan, 3M SOFR + 3.50%, 12/02/2031 | 4288653 | 4300725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MillerKnoll Inc, First Lien Term Loan, 3M SOFR + 2.25%, 08/09/2032 | 481243 | 481142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimax Viking GmbH, First Lien Term Loan, 1M SOFR + 2.25%, 03/17/2032 | 927138 | 929455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prime Sec Services Borrower LLC, First Lien Term Loan, 3M SOFR + 1.75%, 03/08/2032 | 2770770 | 2748909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protection One/ADT 11/24, First Lien Term Loan, 6M SOFR + 2.00%, 10/13/2030 | 3923768 | 3918589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tidal Waste 10/24 TLB 1L, First Lien Term Loan, 3M SOFR + 3.00%, 10/24/2031 | 2507400 | 2525165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TRC Companies 1/25, First Lien Term Loan, 3M SOFR + 3.00%, 12/08/2028 | 704590 | 706426 |
|  |  | 37265840 |
| **Communications Equipment - 0.11%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viavi Solutions Inc, First Lien Term Loan, 3M SOFR + 0.00%, 06/11/2032 | 595685 | 598044 |
| **Construction & Engineering - 1.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aegion 1/25 Cov-Lite TLB, First Lien Term Loan, 1M SOFR + 3.00%, 05/17/2028 | 2464668 | 2470830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amentum/Amazon Holdco 7/24 TLB 1L, First Lien Term Loan, 1M SOFR + 2.25%, 09/29/2031 | 1164307 | 1165582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;socotec us holding inc, First Lien Term Loan, 3M SOFR + 6.39%, 06/02/2031 | 2023382 | 2041086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TECTA AMERICA CORP, First Lien Term Loan, 1M SOFR + 3.00%, 02/18/2032 | 935813 | 940492 |
|  |  | 6617990 |
| **Construction Materials - 1.14%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Green Infrastructure Partners Inc, First Lien Term Loan, 3M SOFR + 6.75%, 09/18/2032 | 1001934 | 1004128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QUIKRETE HLDGS INC, First Lien Term Loan, 1M SOFR + 2.25%, 02/10/2032 | 4701318 | 4703716 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Construction Materials (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tamko Building Products LLC, First Lien Term Loan, 1M SOFR + 2.75%, 09/20/2030 | $726661 | $729611 |
|  |  | 6437455 |
| **Consumer Finance - 0.59%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CPI Holdco B LLC, First Lien Term Loan, 1M SOFR + 2.00%, 05/19/2031 | 3343661 | 3343661 |
| **Containers & Packaging - 3.85%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anchor Packaging LLC, First Lien Term Loan, 1M SOFR + 3.25%, 07/18/2029 | 1338402 | 1345790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berlin Packaging LLC, First Lien Term Loan, 1M SOFR + 3.25%, 06/09/2031 | 2078877 | 2087505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Acquisition Holdings, Inc., First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 3.25%, 04/01/2032 | 4910352 | 4908339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 7.41%, 04/01/2032<sup>(b)</sup> | 2582 | 2581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iris Holding, Inc., First Lien Term Loan, 3M SOFR + 4.75%, 0.50% Floor, 06/28/2028 | 4726405 | 4600021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ProAmpac PG Borrower LLC, First Lien Term Loan, 3M SOFR + 4.00%, 0.75% Floor, 09/15/2028 | 1351741 | 1358499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Supplyone 3/24, First Lien Term Loan, 3M SOFR + 3.50%, 04/19/2031 | 2206114 | 2218866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tricorbraun Holdings, Inc., First Lien Closing Date Initial Term Loan, 1M SOFR + 3.25%, 0.50% Floor, 03/03/2031 | 2522022 | 2512942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trident TPI Holdings, Inc., First Lien Term Loan, 3M SOFR + 3.75%, 0.50% Floor, 09/15/2028 | 2773948 | 2729163 |
|  |  | 21763706 |
| **Distributors - 1.25%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boots Group Finco LP, First Lien Term Loan, 3M SOFR + 3.50%, 08/30/2032 | 646687 | 649245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Burgess Point Purchaser Corp., First Lien Term Loan, 1M SOFR + 5.25%, 07/25/2029 | 4205090 | 3669277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&S Holdings LLC, First Lien Initial Term Loan, 3M SOFR + 5.00%, 0.50% Floor, 03/11/2028 | 1907657 | 1904252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&S Holdings LLC, First Lien Term Loan, 1M SOFR + 5.00%, 10/01/2031 | 847761 | 824448 |
|  |  | 7047222 |
| **Diversified Consumer Services - 0.87%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Imagine Learning LLC, First Lien Term Loan, 1M SOFR + 3.50%, 12/21/2029 | 3201250 | 2781294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KUEHG Corp, First Lien Term Loan, 3M SOFR + 2.75%, 06/12/2030 | 137143 | 137214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;St. George's University Scholastic Services LLC, First Lien Term Loan B Term Loan, 3M SOFR + 2.75%, 0.50% Floor, 02/10/2029 | 2006074 | 1978701 |
|  |  | 4897209 |
| **Diversified Telecommunication Services - 1.56%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cable & Wireless 1/25 B7, First Lien Term Loan, 3M SOFR + 3.25%, 02/02/2032 | 3833075 | 3800340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Radiate Holdco, LLC, First Lien Term Loan 09/25/2029 | 2673241 | $2165325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ufinet/Zacapa 10/24 TL, First Lien Term Loan, 3M SOFR + 3.75%, 03/22/2029 | 2370555 | 2376778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zayo Group Holdings Inc., First Lien Term Loan, 3M SOFR + 7.77%, 09/01/2032 | 482349 | 469487 |
|  |  | 8811930 |
| **Electric Utilities - 2.26%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpha Generation LLC, First Lien Term Loan, 1M SOFR + 2.00%, 09/30/2031 | 3422018 | 3421590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COGENTRIX FIN HOLDCO I LLC, First Lien Term Loan, 3M SOFR + 2.25%, 02/26/2032 | 1316960 | 1320608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lightning Power 8/24 TLB, First Lien Term Loan, 3M SOFR + 2.25%, 08/18/2031 | 4394590 | 4396524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NRG Energy 3/24 Cov-Lite, First Lien Term Loan, 3M SOFR + 1.75%, 04/16/2031 | 3633471 | 3637903 |
|  |  | 12776625 |
| **Electrical Equipment - 1.47%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcline FM Holdings LLC, First Lien Term Loan, 3M SOFR + 7.58%, 09/01/2032 | 779319 | 780659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DG Investment Intermediate Holdings 2 Inc, First Lien Term Loan, 1M SOFR + 3.75%, 07/09/2032 | 2767080 | 2779767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DG INVT INTER HLDGS 2 INC, First Lien Term Loan, 3M SOFR + 5.50%, 07/25/2033 | 1093387 | 1090653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Modena Buyer LLC, First Lien Term Loan, 3M SOFR + 4.50%, 07/01/2031 | 1651626 | 1633343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WEC US Holdings Ltd., First Lien Term Loan, 3M SOFR + 2.25%, 01/27/2031 | 1994962 | 1997865 |
|  |  | 8282287 |
| **Electronic Equipment, Instruments & Components - 0.58%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Aurora US Finco Inc, First Lien Term Loan, 3M SOFR + 6.71%, 09/27/2032 | 686890 | 689036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QNITY ELECTRS INC, First Lien Term Loan, 3M SOFR + 6.23%, 08/12/2032 | 1632056 | 1634096 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Electronic Equipment, Instruments & Components (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sanmina Corp, First Lien Term Loan, 3M SOFR + 6.24%, 08/09/2032 | $973969 | $973969 |
|  |  | 3297101 |
| **Energy Equipment & Services - 0.68%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ursa Minor US Bidco LLC aka Rosen, First Lien Term Loan, 3M SOFR + 3.00%, 03/26/2031 | 3823741 | 3841426 |
| **Entertainment - 1.44%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endeavor 1/25 Cov-Lite, First Lien Term Loan, 1M SOFR + 3.00%, 03/24/2032 | 4710321 | 4721508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EP Purcasher, LLC, First Lien Term Loan, 1M SOFR + 3.50%, 11/06/2028 | 1883789 | 1778607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EP Purchaser LLC, First Lien Term Loan, 1M SOFR + 4.50%, 0.50% Floor, 11/06/2028 | 599420 | 557461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opry Entertainment/OEG, First Lien Term Loan, 1M SOFR + 3.50%, 06/30/2031 | 1079524 | 1087620 |
|  |  | 8145196 |
| **Financial Services - 2.51%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corpay Technologies Operating Company, LLC, First Lien Term Loan, 1M SOFR + 1.75%, 04/28/2028 | 1314745 | 1314134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inmar Inc, First Lien Term Loan, 1M SOFR + 4.50%, 10/30/2031 | 295346 | 295439 |
| &nbsp;&nbsp;&nbsp;&nbsp;ION Platform Finance US Inc, First Lien Term Loan 09/30/2032<sup>(c)</sup> | 4465841 | 4437929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Polaris Newco LLC, First Lien Dollar Term Loan, 3M SOFR + 3.75%, 0.50% Floor, 06/02/2028 | 3621586 | 3498108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shift4 Payments LLC, First Lien Term Loan, 3M SOFR + 2.75%, 06/30/2032 | 1001166 | 1009927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synechron Inc, First Lien Term Loan, 3M SOFR + 3.75%, 10/03/2031 | 3134250 | 3126414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UFC Holdings LLC, First Lien Term Loan, 3M SOFR + 6.04%, 11/21/2031 | 464185 | 465410 |
|  |  | 14147361 |
| **Food Products - 1.30%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FRONERI INTL LTD, First Lien Term Loan, 3M SOFR + 2.50%, 07/16/2032 | 1955289 | 1953500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Froneri US, Inc., First Lien Term Loan, 6M SOFR + 2.00%, 09/30/2031 | 3661134 | 3639021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snacking Investments BidCo Pty, Ltd., First Lien Initial US Term Loan, 3M SOFR + 4.00%, 1.00% Floor, 12/18/2026 | 1728627 | 1740243 |
|  |  | 7332764 |
| **Gas Utilities - 0.32%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CQP Holdco LP, First Lien Term Loan, 3M SOFR + 2.00%, 0.50% Floor, 12/31/2030 | 1795500 | 1797574 |
| **Ground Transportation - 0.56%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesee & WY Inc, First Lien Term Loan, 3M SOFR + 1.75%, 04/10/2031 | 3183442 | 3174592 |
| **Health Care Equipment & Supplies - 1.43%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Embecta Corp, TLB, First Lien Term Loan, 1M SOFR + 3.00%, 03/30/2029 | 2845595 | 2848455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hanger Inc., First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 3.50%, 10/23/2031<sup>(b)</sup> | 25662 | 25748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 3.50%, 10/23/2031 | 1328721 | 1333206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WS Audiology AS, First Lien Term Loan, 3M SOFR + 7.80%, 02/28/2029 | 3870265 | 3860589 |
|  |  | 8067998 |
| **Health Care Providers & Services - 6.89%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agiliti Health, Inc., First Lien Term Loan, 3M SOFR + 3.00%, 05/01/2030 | 2815616 | 2706511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHG Healthcare Services Inc, First Lien Term Loan, 3M SOFR + 2.75%, 09/29/2028 | 3109945 | 3114237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Medical Response Inc, First Lien Term Loan, 3M SOFR + 3.50%, 09/01/2032 | 9045229 | 9058163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Heartland Dental LLC, First Lien Term Loan, 3M SOFR + 3.75%, 08/09/2032 | 2411183 | 2409990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inception Holdco Sarl, First Lien Term Loan, 3M SOFR + 8.05%, 09/01/2032 | 2156751 | 2172926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MED ParentCo LP, First Lien Term Loan, 1M SOFR + 3.25%, 04/15/2031 | 66051 | 66262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medical Solutions Holdings, Inc., First Lien Term Loan, 3M SOFR + 7.91%, 11/01/2028 | 3547586 | 2731642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Midwest Physcn Admin Srvcs LLC, First Lien Term Loan, 3M SOFR + 3.00%, 03/12/2028 | 3557666 | 3324763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEX TSG INTERMEDIATE CORP, First Lien Term Loan, 3M SOFR + 3.75%, 07/26/2032 | 1290613 | 1299144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OUTCOMES GROUP HOLDING INC, First Lien Term Loan, 3M SOFR + 3.00%, 05/06/2031 | 1991906 | 2005421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pediatric Associates Holding Co. LLC, First Lien Term Loan, 3M SOFR + 3.25%, 0.50% Floor, 12/29/2028 | 1968559 | 1887130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;R1 RCM 10/24 Cov-Lite TLB, First Lien Term Loan, 1M SOFR + 3.00%, 11/19/2031 | 121105 | 121202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Radiology Partners Inc, First Lien Term Loan, 3M SOFR + 4.50%, 06/30/2032 | 4524359 | 4522006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern Veterinary Partners LLC, First Lien Term Loan, 3M SOFR + 6.37%, 12/04/2031 | 991217 | 990498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Anesthesia Partners, Inc., First Lien Term Loan, 3M SOFR + 4.25%, 0.50% Floor, 10/01/2028 | 1495287 | 1495055 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Health Care Providers & Services (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Fertility 10/24 Delayed TL 1L, First Lien Term Loan, 3M SOFR + 2.25%, 10/07/2031 | $43607 | $43771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Fertility 10/24 TLB 1L, First Lien Term Loan, 3M SOFR + 4.50%, 10/07/2031 | 959353 | 962951 |
|  |  | 38911672 |
| **Health Care Technology - 0.97%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cotiviti, Inc., First Lien Term Loan, 1M SOFR + 2.75%, 03/28/2032 | 1887669 | 1856995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gainwell Acquisition Corp., First Lien Term Loan, 3M SOFR + 4.00%, 0.75% Floor, 10/01/2027 | 3680529 | 3629001 |
|  |  | 5485996 |
| **Hotels, Restaurants & Leisure - 6.76%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011778 BC UNLIMITED LIABILITY CO, First Lien Term Loan, 1M SOFR + 1.75%, 09/23/2030 | 2561406 | 2556065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alterra Mountain Co, First Lien Term Loan, 1M SOFR + 2.50%, 05/31/2030 | 334436 | 335483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bally's Corp., First Lien Term Loan, 3M SOFR + 3.25%, 0.50% Floor, 10/02/2028 | 3911941 | 3809253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BINGO HLDGS I LLC, First Lien Term Loan, 3M SOFR + 8.75%, 06/30/2032 | 2187581 | 2191005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caesars Entertainment, Inc., First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 2.25%, 0.50% Floor, 02/06/2030 | 1090183 | 1089894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 2.25%, 0.50% Floor, 02/06/2031 | 3306257 | 3302818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cedar Fair LP, First Lien Term Loan, 1M SOFR + 2.00%, 05/01/2031 | 502098 | 499587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entain Holdings Gibraltar Ltd, First Lien Term Loan, 3M SOFR + 2.25%, 10/31/2029 | 3760811 | 3764572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fertitta Entertainment, LLC, First Lien Term Loan, 1M SOFR + 3.25%, 01/29/2029 | 4747857 | 4746386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flutter Entertainment Public Limited, First Lien Term Loan, 3M SOFR + 4.32%, 06/04/2032 | 570337 | 570617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flutter Financing BV, First Lien Term Loan, 3M SOFR + 1.75%, 0.50% Floor, 11/29/2030 | 1613539 | 1611118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flynn Restaurant Group LP, First Lien Term Loan, 1M SOFR + 3.75%, 01/28/2032 | 4740145 | 4753109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Herschend Entertainment Co LLC, First Lien Term Loan, 1M SOFR + 3.25%, 05/27/2032 | 777087 | 780972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Grand Vacations Borrower, LLC, First Lien Term Loan, 1M SOFR + 2.25%, 01/17/2031 | 2474855 | 2474163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MOTION FINCO LLC, First Lien Term Loan, 3M SOFR + 3.50%, 11/12/2029 | 913995 | 823281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TURQUOISE TOPCO LIMITED, First Lien Term Loan, 3M SOFR + 7.55%, 08/13/2032 | 2454664 | 2459279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VOYAGER PARENT LLC, First Lien Term Loan, 3M SOFR + 4.75%, 07/01/2032 | 2394000 | 2401793 |
|  |  | 38169395 |
| **Household Durables - 1.44%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACProducts Holdings, Inc., First Lien Term Loan, 3M SOFR + 4.25%, 0.50% Floor, 05/17/2028 | 5682759 | 4775449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restoration Hardware, Inc. TLB 1L, First Lien Term Loan, 1M SOFR + 2.50%, 10/20/2028 | 2480620 | 2420329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weber-Stephen Products LLC, First Lien Term Loan, 3M SOFR + 7.77%, 09/17/2032 | 915854 | 907556 |
|  |  | 8103334 |
| **Insurance - 2.97%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Achilles 1/25 TL 1L, First Lien Term Loan, 1M SOFR + 3.00%, 07/02/2031 | 348120 | 348562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alera Group Inc, First Lien Term Loan, 1M SOFR + 3.25%, 05/31/2032 | 3189598 | 3205084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alera Group Inc, Second Lien Term Loan, 1M SOFR + 5.50%, 05/30/2033 | 952636 | 982259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baldwin Insurance Group Holdings LLC, First Lien Term Loan, 1M SOFR + 2.50%, 05/27/2031 | 2106236 | 2110627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CRC Insurance Group LLC, First Lien Term Loan, 3M SOFR + 2.75%, 05/06/2031 | 839057 | 840370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyperion Insurance/Howden 7/24 TLB 1L, First Lien Term Loan, 1M SOFR + 3.50%, 04/18/2030 | 6220910 | 6222839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyperion Refinance Sarl, First Lien Term Loan, 1M SOFR + 2.75%, 02/18/2031 | 521565 | 522180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trucordia Insurance Holdings LLC, First Lien Term Loan, 1M SOFR + 3.25%, 06/17/2032 | 1766266 | 1772889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Truist Insurance 3/24 2nd Lien Cov-Lite, Second Lien Term Loan, 3M SOFR + 4.75%, 05/06/2032 | 756284 | 771530 |
|  |  | 16776340 |
| **Interactive Media & Services - 1.65%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LI Group Holdings, Inc., First Lien 2021 Term Loan, 1M SOFR + 3.50%, 0.75% Floor, 03/11/2028 | 1515888 | 1522050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Boost Purchaser, LLC aka JD Power/Autodata, First Lien Term Loan, 3M SOFR + 3.00%, 07/16/2031 | 974979 | 973390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trip.com/TripAdvisor 7/24, First Lien Term Loan, 1M SOFR + 2.75%, 07/08/2031 | 4868495 | 4783297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WH BORROWER LLC, First Lien Term Loan, 3M SOFR + 4.75%, 02/20/2032 | 2010960 | 2015666 |
|  |  | 9294403 |
| **IT Services - 1.21%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Endurance Intl Group Hldgs Inc TLB 1L, First Lien Term Loan, 3M SOFR + 3.61%, 02/10/2028<sup>(c)</sup> | 4914322 | 3562883 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **IT Services (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Virtusa Corp., First Lien Term Loan, 1M SOFR + 3.25%, 0.75% Floor, 02/15/2029 | $3285978 | $3253119 |
|  |  | 6816002 |
| **Life Sciences Tools & Services - 1.13%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loire Finco Luxembourg Sa rl TLB, First Lien Term Loan, 3M SOFR + 4.00%, 01/21/2030 | 2875625 | 2887127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phoenix Newco, Inc., First Lien Term Loan, 3M SOFR + 2.50%, 0.50% Floor, 11/15/2028 | 3491206 | 3498119 |
|  |  | 6385246 |
| **Machinery - 4.18%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASP BLADE HLDGS INC, Second Lien Term Loan, 6M SOFR + 4.00%, 10/15/2029 | 1562024 | 1218769 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bettcher Industries, Inc., First Lien Term Loan, 3M SOFR + 4.00%, 12/14/2028<sup>(c)</sup> | 3558744 | 3576537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cube Industrials 10/24, First Lien Term Loan, 3M SOFR + 3.25%, 10/17/2031 | 910332 | 915453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Husky Injection Molding Systems Ltd, First Lien Term Loan, 3M SOFR + 8.67%, 02/15/2029 | 1459569 | 1465240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madison IAQ LLC, First Lien Term Loan, 6M SOFR + 3.25%, 0.50% Floor, 05/06/2032 | 3397472 | 3417941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Castle, Inc., First Lien Term Loan, 3M SOFR + 5.50%, 06/01/2029 | 4331050 | 3603434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TK Elevator Midco GmbH, First Lien Term Loan, 6M SOFR + 3.00%, 04/30/2030 | 1995000 | 2002212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vertiv Group Corp, First Lien Term Loan, 3M SOFR + 1.75%, 08/12/2032 | 2921329 | 2928136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Victory Buyer LLC, First Lien Term Loan, 1M SOFR + 3.75%, 0.50% Floor, 11/19/2028 | 4445125 | 4465373 |
|  |  | 23593095 |
| **Media - 1.52%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ABG Intermediate Holdings 2 LLC, First Lien Term Loan, 1M SOFR + 2.25%, 02/13/2032 | 2225318 | 2224861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Greetings Corp., First Lien Term Loan, 1M SOFR + 5.75%, 10/30/2029 | 2666714 | 2678381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MJH Healthcare Holdings LLC aka MJH Life Sciences, First Lien Term Loan, 1M SOFR + 3.25%, 01/29/2029 | 1221691 | 1219785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MJH Healthcare Holdings LLC, First Lien Term Loan, 3M SOFR + 2.75%, 01/29/2029 | 2122999 | 2119687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WASSERMAN MEDIA GROUP LLC, First Lien Term Loan, 3M SOFR + 4.32%, 06/23/2032 | 315096 | 316674 |
|  |  | 8559388 |
| **Metals & Mining - 0.42%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arsenal AIC Parent LLC, First Lien Term Loan, 1M SOFR + 2.75%, 08/18/2030 | 580705 | 581431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCIH Salt Holdings, Inc., First Lien Incremental B-1 Term Loan, 6M SOFR + 4.00%, 0.75% Floor, 01/31/2029 | 1790977 | 1794891 |
|  |  | 2376322 |
| **Mortgage Real Estate Investment Trusts (REITs) - 0.73%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apollo Commercial Real Estate Finance Inc, First Lien Term Loan, 1M SOFR + 3.25%, 06/13/2030 | 977371 | 985010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KREF Holdings X LLC, First Lien Term Loan, 3M SOFR + 6.55%, 03/05/2032 | 928870 | 928485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STARWOOD PPTY MTG LLC, First Lien Term Loan, 3M SOFR + 2.00%, 01/02/2030 | 1139239 | 1141380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starwood Property Mortgage LLC, First Lien Term Loan, 3M SOFR + 6.41%, 08/16/2032 | 1042070 | 1045004 |
|  |  | 4099879 |
| **Multiline Retail - 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peer Holding III B.V., First Lien Term Loan, 3M SOFR + 6.25%, 09/25/2032 | 947743 | 949819 |
| **Oil, Gas & Consumable Fuels - 2.31%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buckeye Partners LP, First Lien Term Loan, 3M SOFR + 5.85%, 09/27/2032 | 1600093 | 1603814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COLOSSUS ACQUIRECO LLC, First Lien Term Loan, 3M SOFR + 1.75%, 07/30/2032 | 6079704 | 6049305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport LNG Investments LLLP, First Lien Term Loan, 3M SOFR + 3.25%, 0.50% Floor, 12/21/2028 | 3018164 | 3023295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GIP Pilot Acquisition Partners LP, First Lien Term Loan, 3M SOFR + 2.00%, 10/04/2030 | 1006095 | 1006724 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stonepeak Bayou Holdings LP, First Lien Term Loan, 3M SOFR + 6.73%, 09/24/2032<sup>(c)</sup> | 773914 | 773914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHITEWATER MATTERHORN HOLDING LLC, First Lien Term Loan, 3M SOFR + 2.25%, 06/16/2032 | 591099 | 591469 |
|  |  | 13048521 |
| **Passenger Airlines - 1.42%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAdvantage Loyalty IP, Ltd., First Lien Term Loan, 3M SOFR + 3.25%, 05/28/2032 | 1079491 | 1085563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Airlines, Inc., First Lien 2020 Term Loan, 3M SOFR + 1.75%, 01/29/2027 | 893096 | 891609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Airlines, Inc., First Lien Term Loan, 6M SOFR + 2.25%, 02/15/2028 | 2667956 | 2667396 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Passenger Airlines (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VISTA MGMT HLDG INC, First Lien Term Loan, 3M SOFR + 3.75%, 04/01/2031 | $3318990 | $3346654 |
|  |  | 7991222 |
| **Pharmaceuticals - 1.26%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dechra Pharmaceuticals, First Lien Term Loan, 6M SOFR + 3.25%, 01/27/2032 | 895500 | 898486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPAL US LLC, First Lien Term Loan, 3M SOFR + 3.50%, 04/23/2032 | 4355445 | 4372323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Padagis LLC, First Lien Initial Term Loan, 3M SOFR + 4.75%, 0.50% Floor, 07/06/2028 | 2078664 | 1860405 |
|  |  | 7131214 |
| **Professional Services - 9.30%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acuren Delaware Holdco, Inc., First Lien Term Loan, 1M SOFR + 2.75%, 07/31/2031 | 477353 | 479023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AG Group Holdings, Inc., First Lien Term Loan, 3M SOFR + 4.25%, 12/29/2028 | 3885590 | 3451375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlixPartners LLP, First Lien Term Loan, 3M SOFR + 2.00%, 08/12/2032 | 729069 | 724968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ankura Consulting Group LLC, First Lien Term Loan, 1M SOFR + 3.50%, 0.75% Floor, 12/29/2031 | 2837419 | 2823232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BERKELEY RESH GROUP LLC, First Lien Term Loan, 3M SOFR + 3.25%, 04/30/2032 | 3521906 | 3534127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Camelot US Acquisition LLC, First Lien Term Loan, 1M SOFR + 3.00%, 01/31/2031 | 2500000 | 2487500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cast & Crew LLC, First Lien Term Loan, 1M SOFR + 3.75%, 0.50% Floor, 12/29/2028 | 4752951 | 4317390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COHNREZNICK ADVISORY LLC, First Lien Term Loan, 3M SOFR + 4.00%, 03/31/2032 | 1862649 | 1868479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTI Holdco Inc, First Lien Term Loan, 1M SOFR + 4.00%, 04/26/2029 | 1122187 | 1002960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eisner Advisory Group LLC, First Lien Term Loan, 1M SOFR + 4.00%, 02/28/2031 | 1814762 | 1827955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Element Materials Technology Group Holdings, First Lien Term Loan, 3M SOFR + 4.25%, 07/06/2029 | 2983333 | 3007111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Advantage Holdings LL, First Lien Term Loan, 1M SOFR + 2.75%, 10/31/2031 | 2528322 | 2473811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grant Thornton Advisors LLC, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 3.00%, 05/30/2031 | 821111 | 820865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 2.75%, 06/02/2031 | 393 | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lereta, LLC, First Lien Term Loan, 1M SOFR + 5.25%, 07/30/2028 | 1388996 | 1249131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mermaid Bidco Inc aka Datasite TL 1L, First Lien Term Loan, 3M SOFR + 3.25%, 06/27/2031 | 2670077 | 2670638 |
| &nbsp;&nbsp;&nbsp;&nbsp;Perficient/Plano 8/24 TLB 1L, First Lien Term Loan, 3M SOFR + 3.50%, 10/02/2031<sup>(c)</sup> | 4146245 | 4063320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ryan LLC., First Lien Term Loan, 3M SOFR + 3.50%, 11/08/2030 | 1740887 | 1746493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Secretariat Advisors LLC, First Lien Term Loan, 3M SOFR + 4.00%, 02/27/2032 | 870091 | 872815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thevelia US LLC, First Lien Term Loan, 3M SOFR + 3.00%, 0.50% Floor, 06/18/2029 | 3731013 | 3733345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trans Union LLC, First Lien Term Loan, 1M SOFR + 1.75%, 06/24/2031 | 1396465 | 1396905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TTF Holdings LLC, First Lien Term Loan, 6M SOFR + 3.75%, 07/18/2031 | 3532868 | 3356225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vaco Holdings, LLC, First Lien Term Loan, 3M SOFR + 5.00%, 01/22/2029 | 4534384 | 3917390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VT Topco, Inc. 12/24 1L, First Lien Term Loan, 3M SOFR + 3.00%, 08/09/2030 | 686653 | 666698 |
|  |  | 52492147 |
| **Real Estate Management & Development - 0.12%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cushman & Wakefield US Borrower LLC, First Lien Term Loan, 1M SOFR + 2.75%, 01/31/2030 | 697377 | 699996 |
| **Semiconductors & Semiconductor Equipment - 1.13%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altar Bidco, Inc., First Lien Term Loan, 3M SOFR + 3.10%, 0.50% Floor, 02/01/2029 | 4312981 | 4317919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MKS, Inc., First Lien Term Loan, 1M SOFR + 2.00%, 0.50% Floor, 08/17/2029 | 2052509 | 2056573 |
|  |  | 6374492 |
| **Software - 18.09%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avalara, Inc., First Lien Term Loan, 3M SOFR + 2.75%, 03/29/2032 | 3607890 | 3613392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BEP Intermediate Holdco, First Lien Term Loan, 1M SOFR + 2.75%, 04/28/2031 | 1158819 | 1164619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BMC Software 7/24 2nd Lien TL, Second Lien Term Loan, 3M SOFR + 5.75%, 07/02/2032 | 4012587 | 3918552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boost Newco Borrower LLC, First Lien Term Loan, 3M SOFR + 2.00%, 01/31/2031 | 4270366 | 4281490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boxer Parent Co., Inc., First Lien Term Loan, 3M SOFR + 3.00%, 07/30/2031 | 5770944 | 5768231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Parent LLC, First Lien Term Loan, 3M SOFR + 3.25%, 07/06/2029 | 4668301 | 4049961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud Software Group Inc, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 3.25%, 08/13/2032 | 1731271 | 1739772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 3.25%, 08/13/2032 | 3086528 | 3099507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloudera, Inc., First Lien Term Loan, 1M SOFR + 3.75%, 0.50% Floor, 10/08/2028 | 3178603 | 3135549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conga Corp., First Lien Term Loan, 3M SOFR + 3.50%, 0.75% Floor, 05/08/2028 | 886536 | 877670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Connectwise, LLC, First Lien Term Loan, 3M SOFR + 3.50%, 0.50% Floor, 09/29/2028 | 2714744 | 2723227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cornerstone OnDemand, Inc., First Lien Initial Term Loan, 1M SOFR + 3.75%, 0.50% Floor, 10/16/2028 | 5357527 | 5174219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delta Topco, Inc., First Lien Term Loan, 1M SOFR + 2.75%, 11/30/2029 | 2610983 | 2586022 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Software (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disco Parent Inc, First Lien Term Loan, 12M CME TERM + 3.25%, 08/06/2032 | $655319 | $658595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finastra USA Inc, First Lien Term Loan, 3M SOFR + 4.00%, 07/30/2032 | 3706410 | 3695161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiserv Investment Solutions, Inc., First Lien Initial Term Loan, 3M SOFR + 4.00%, 02/18/2027 | 4517838 | 4491499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesys Cloud Services, Inc., First Lien Term Loan, 3M SOFR + 2.50%, 01/30/2032 | 505976 | 503393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Help/Systems Holdings, Inc., First Lien Seventh Amendment Refinancing Term Loan, 3M SOFR + 4.00%, 0.75% Floor, 11/19/2026 | 2339614 | 2218106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Idera INC, First Lien Term Loan, 3M SOFR + 3.50%, 03/02/2028 | 4021890 | 3539263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infoblox 4/24 2nd lien TL 1L, Second Lien Term Loan, 1M SOFR + 5.25%, 11/29/2030 | 3170438 | 3168457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IVANTI SOFTWARE INC, First Lien Term Loan, 3M SOFR + 5.75%, 06/01/2029 | 402109 | 414423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivanti Software, Inc., First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 11.79%, 06/01/2029 | 1587358 | 739114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 4.75%, 06/01/2029 | 798403 | 667066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magenta Security Holdings, LLC First Out TL 1L, First Lien Term Loan, 3M SOFR + 6.75%, 07/27/2028 | 2918308 | 2401111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magenta Security Holdings, LLC Third Out 1L TL, First Lien Term Loan, 6M SOFR + 6.25%, 07/27/2028 | 546089 | 112481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McAfee Corp., First Lien Term Loan, 1M SOFR + 3.00%, 0.50% Floor, 03/01/2029 | 3197784 | 3063877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitnick Corporate Purchaser Inc., First Lien Term Loan, 3M SOFR + 4.50%, 05/02/2029 | 3085317 | 2254210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perforce Software, Inc., First Lien Term Loan, 1M SOFR + 4.75%, 07/02/2029 | 5146862 | 4751738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Alpha (Qlik), First Lien Term Loan, 3M SOFR + 3.75%, 10/26/2030 | 4744452 | 4763050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Alpha (Qlik), Second Lien Term Loan, 3M SOFR + 5.00%, 05/09/2033 | 812463 | 808401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Leopard Holdings, Inc., First Lien Term Loan, 3M SOFR + 5.25%, 0.50% Floor, 07/20/2029 | 4149561 | 3754481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proofpoint Inc, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 0.00%, 08/31/2028 | 263635 | 264998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 3.00%, 08/31/2028 | 947595 | 952494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pushpay USA INC, First Lien Term Loan, 3M SOFR + 4.195%, 08/18/2031 | 235683 | 237598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rithum Holdings Inc, First Lien Term Loan, 3M SOFR + 4.75%, 07/21/2031 | 1892400 | 1894179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rocket Software, Inc., First Lien Term Loan, 1M SOFR + 4.25%, 0.50% Floor, 11/28/2028 | 258414 | 259276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SciQuest 10/24 2nd Lien, Second Lien Term Loan, 3M SOFR + 5.00%, 12/06/2032 | 2520000 | 2521575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sophos Intermediate II, Ltd., First Lien Term Loan, 1M SOFR + 3.50%, 03/05/2027 | 1989508 | 1994611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STARLIGHT PARENT LLC, First Lien Term Loan, 3M SOFR + 4.00%, 04/16/2032 | 2740066 | 2695540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Storable Inc, First Lien Term Loan, 1M SOFR + 3.25%, 04/16/2031 | 938219 | 942520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vision Solutions, Inc., First Lien Term Loan, 3M SOFR + 4.00%, 0.75% Floor, 04/24/2028 | 3605938 | 3494154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Webpros Luxembourg Sarl, First Lien Term Loan, 1M SOFR + 3.75%, 03/28/2031 | 858360 | 863192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zuora 12/24 Cov-Lite TLB, First Lien Term Loan, 1M SOFR + 3.50%, 02/14/2032 | 1890000 | 1880314 |
|  |  | 102137088 |
| **Specialized REITs - 0.58%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain Information Management LLC, First Lien Term Loan, 1M SOFR + 2.00%, 01/31/2031 | 3287675 | 3293839 |
| **Specialty Retail - 3.62%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APRO LLC, First Lien Term Loan, 1M SOFR + 3.75%, 07/09/2031 | 1117342 | 1118180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beach Acquisition Bidco LLC, First Lien Term Loan, 3M SOFR + 3.25%, 06/28/2032 | 785101 | 789847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EG America LLC, First Lien Term Loan, 3M SOFR + 3.50%, 02/07/2028 | 3736902 | 3763247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Great Outdoors Group LLC, First Lien Term Loan, 1M SOFR + 3.25%, 0.75% Floor, 01/23/2032 | 3447251 | 3449836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mavis Tire Express Services Topco Corp., First Lien Term Loan, 3M SOFR + 3.00%, 0.75% Floor, 05/04/2028 | 1279239 | 1280570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RVR Dealership Holdings LLC, First Lien Term Loan, 3M SOFR + 3.75%, 0.75% Floor, 02/08/2028 | 4346684 | 4119091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spencer Spirit IH LLC, First Lien Term Loan, 1M SOFR + 4.75%, 07/15/2031 | 2593119 | 2597450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StubHub Holdco Sub LLC, First Lien Term Loan, 1M SOFR + 4.75%, 03/15/2030 | 2299707 | 2285334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valvoline, Inc., First Lien Term Loan, 3M SOFR + 2.00%, 03/19/2032 | 1018985 | 1023657 |
|  |  | 20427212 |
| **Technology Hardware, Storage & Peripherals - 0.56%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SanDisk 12/24 Cov-Lite, First Lien Term Loan, 1M SOFR + 3.00%, 02/20/2032 | 3131350 | 3141151 |
| **Textiles, Apparel & Luxury Goods - 0.89%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cengage Learning, Inc., First Lien Term Loan, 1M SOFR + 3.50%, 1.00% Floor, 03/24/2031 | 5058039 | 5051186 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Thrifts & Mortgage Finance - 3.68%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACCESS CIG LLC, First Lien Term Loan, 3M SOFR + 4.00%, 08/15/2030 | $3381256 | $3395592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ahead 7/24 TLB3 1L, First Lien Term Loan, 3M SOFR + 2.75%, 02/01/2031 | 2451736 | 2457718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asurion LLC, Second Lien Term Loan, 1M SOFR + 5.25%, 01/31/2028 | 1837164 | 1793531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dcert Buyer, Inc., Second Lien First Amendment Refinancing Term Loan, 1M SOFR + 7.00%, 02/19/2029 | 5863456 | 5350404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortress Intermediate 3 Inc, First Lien Term Loan, 1M SOFR + 3.00%, 06/27/2031 | 4670850 | 4700042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Go Daddy Oper Co LLC, First Lien Term Loan, 1M SOFR + 1.75%, 05/30/2031 | 1494581 | 1493827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skopima Consilio Parent, LLC, First Lien Term Loan, 1M SOFR + 3.75%, 0.50% Floor, 05/12/2028 | 1845275 | 1572525 |
|  |  | 20763639 |
| **Trading Companies & Distributors - 1.85%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kodiak Building Partners, First Lien Term Loan, 3M SOFR + 3.75%, 12/04/2031 | 3288276 | 3278230 |
| &nbsp;&nbsp;&nbsp;&nbsp;MRC Global 10/24 TLB, First Lien Term Loan, 1M SOFR + 3.50%, 10/29/2031<sup>(c)</sup> | 2625012 | 2631575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Park River Holdings, Inc., First Lien Initial Term Loan, 3M SOFR + 3.25%, 0.75% Floor, 12/28/2027 | 1832881 | 1835172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QXO Building Products, Inc., First Lien Term Loan, 1M SOFR + 3.00%, 04/30/2032 | 668820 | 675180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;White Cap Buyer LLC, First Lien Term Loan, 1M SOFR + 3.25%, 10/19/2029 | 2043188 | 2045916 |
|  |  | 10466073 |
| TOTAL FLOATING RATE LOAN INTERESTS |  |  |
| (Cost $698,267,702) |  | 687619119 |
| CORPORATE BONDS - 36.32% |  |  |
| **Aerospace & Defense - 1.21%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AAR Escrow Issuer LLC, 6.750%, 03/15/2029<sup>(d)</sup> | 264000 | 271957 |
| &nbsp;&nbsp;&nbsp;&nbsp;Axon Enterprise, Inc., 6.125%, 03/15/2030<sup>(d)</sup> | 44000 | 45299 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bombardier, Inc., 7.450%, 05/01/2034<sup>(d)</sup> | 2242000 | 2481842 |
| &nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies, Inc., 4.125%, 04/15/2029<sup>(d)</sup> | 1364000 | 1321744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransDigm, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 08/15/2028<sup>(d)</sup> | 100000 | 102031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 03/01/2029<sup>(d)</sup> | 2053000 | 2101556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 01/15/2033<sup>(d)</sup> | 143000 | 144711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 05/31/2033<sup>(d)</sup> | 360000 | 364947 |
|  |  | 6834087 |
| **Air Freight & Logistics - 0.37%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JetBlue Airways Corp. / JetBlue Loyalty LP, 9.875%, 09/20/2031<sup>(d)</sup> | 1904000 | 1932802 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stonepeak Nile Parent LLC, 7.250%, 03/15/2032<sup>(d)</sup> | 170000 | 179155 |
|  |  | 2111957 |
| **Auto Components - 0.11%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ZF North America Capital, Inc., 6.875%, 04/23/2032<sup>(d)</sup> | 640000 | 613182 |
| **Automobile Components - 0.82%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forvia SE: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 06/15/2030<sup>(d)</sup> | 1002000 | 1061453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 09/15/2033<sup>(d)</sup> | 261000 | 264963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Garrett Motion Holdings, Inc. / Garrett LX I Sarl, 7.750%, 05/31/2032<sup>(d)</sup> | 1693000 | 1777317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodyear Tire & Rubber Co., 6.625%, 07/15/2030 | 764000 | 775799 |
| &nbsp;&nbsp;&nbsp;&nbsp;Patrick Industries, Inc., 6.375%, 11/01/2032<sup>(d)</sup> | 260000 | 264032 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tenneco, Inc., 8.000%, 11/17/2028<sup>(d)</sup> | 480000 | 481222 |
|  |  | 4624786 |
| **Automobiles - 0.35%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adient Global Holdings, Ltd., 7.500%, 02/15/2033<sup>(d)</sup> | 282000 | 292218 |
| &nbsp;&nbsp;&nbsp;&nbsp;Aston Martin Capital Holdings, Ltd., 10.000%, 03/31/2029<sup>(d)</sup> | 1730000 | 1695393 |
|  |  | 1987611 |
| **Broadline Retail - 0.22%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macy's Retail Holdings LLC, 4.500%, 12/15/2034 | 280000 | 245835 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Broadline Retail (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Rakuten Group, Inc., 9.750%, 04/15/2029<sup>(d)</sup> | $894000 | $1006076 |
|  |  | 1251911 |
| **Building Products - 0.29%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Griffon Corp., 5.750%, 03/01/2028 | 1420000 | 1421670 |
| &nbsp;&nbsp;&nbsp;&nbsp;Resideo Funding, Inc., 6.500%, 07/15/2032<sup>(d)</sup> | 228000 | 233963 |
|  |  | 1655633 |
| **Capital Markets - 0.78%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AG Issuer LLC, 6.250%, 03/01/2028<sup>(d)</sup> | 300000 | 300805 |
| &nbsp;&nbsp;&nbsp;&nbsp;Aretec Group, Inc., 10.000%, 08/15/2030<sup>(d)</sup> | 320000 | 349041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jane Street Group / JSG Finance, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 04/30/2031<sup>(d)</sup> | 180000 | 188942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 05/01/2033<sup>(d)</sup> | 720000 | 748378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jefferies Finance LLC / JFIN Co.-Issuer Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2028<sup>(d)</sup> | 275000 | 265922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 10/15/2031<sup>(d)</sup> | 140000 | 141043 |
| &nbsp;&nbsp;&nbsp;&nbsp;Osaic Holdings, Inc., 6.750%, 08/01/2032<sup>(d)</sup> | 121000 | 125072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prospect Capital Corp., 3.437%, 10/15/2028 | 680000 | 612449 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stonex Escrow Issuer LLC, 6.875%, 07/15/2032<sup>(d)</sup> | 658000 | 677817 |
| &nbsp;&nbsp;&nbsp;&nbsp;StoneX Group, Inc., 7.875%, 03/01/2031<sup>(d)</sup> | 942000 | 991387 |
|  |  | 4400856 |
| **Chemicals - 0.59%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cerdia Finanz GmbH, 9.375%, 10/03/2031<sup>(d)</sup> | 140000 | 148575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chemours Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 11/15/2028<sup>(d)</sup> | 265000 | 258719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.630%, 11/15/2029<sup>(d)</sup> | 954000 | 862719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 01/15/2033<sup>(d)</sup> | 370000 | 368298 |
| &nbsp;&nbsp;&nbsp;&nbsp;CVR Partners LP / CVR Nitrogen Finance Corp., 6.125%, 06/15/2028<sup>(d)</sup> | 699000 | 698413 |
| &nbsp;&nbsp;&nbsp;&nbsp;INEOS Quattro Finance 2 PLC, 9.625%, 03/15/2029<sup>(d)</sup> | 250000 | 247692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Methanex Corp., 5.125%, 10/15/2027 | 70000 | 70135 |
| &nbsp;&nbsp;&nbsp;&nbsp;Solstice Advanced Materials, Inc., 5.625%, 09/30/2033<sup>(d)</sup> | 335000 | 336316 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tronox, Inc., 4.625%, 03/15/2029<sup>(d)</sup> | 534000 | 348847 |
|  |  | 3339714 |
| **Commercial Services & Supplies - 1.08%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cimpress PLC, 7.375%, 09/15/2032<sup>(d)</sup> | 770000 | 768279 |
| &nbsp;&nbsp;&nbsp;&nbsp;Clean Harbors, Inc., 5.750%, 10/15/2033<sup>(d)</sup> | 273000 | 275601 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deluxe Corp., 8.000%, 06/01/2029<sup>(d)</sup> | 1128000 | 1126452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Enviri Corp., 5.750%, 07/31/2027<sup>(d)</sup> | 947000 | 940190 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pitney Bowes, Inc., 7.250%, 03/15/2029<sup>(d)</sup> | 1470000 | 1494994 |
| &nbsp;&nbsp;&nbsp;&nbsp;RB Global Holdings, Inc., 6.750%, 03/15/2028<sup>(d)</sup> | 1000000 | 1023596 |
| &nbsp;&nbsp;&nbsp;&nbsp;RR Donnelley & Sons Co., 9.500%, 08/01/2029<sup>(d)</sup> | 460000 | 471863 |
|  |  | 6100975 |
| **Communications Equipment - 0.18%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C, 7.875%, 02/03/2030<sup>(d)</sup> | 140000 | 144436 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ciena Corp., 4.000%, 01/31/2030<sup>(d)</sup> | 80000 | 76396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Viavi Solutions, Inc., 3.750%, 10/01/2029<sup>(d)</sup> | 840000 | 794892 |
|  |  | 1015724 |
| **Construction & Engineering - 0.28%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brundage-Bone Concrete Pumping Holdings, Inc., 7.500%, 02/01/2032<sup>(d)</sup> | 625000 | 632004 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tutor Perini Corp., 11.880%, 04/30/2029<sup>(d)</sup> | 844000 | 946024 |
|  |  | 1578028 |
| **Construction Materials - 0.10%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Smyrna Ready Mix Concrete LLC, 8.875%, 11/15/2031<sup>(d)</sup> | 510000 | 539036 |
| **Consumer Finance - 3.43%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ally Financial, Inc., 6.700%, 02/14/2033 | 870000 | 906738 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Consumer Finance (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Atlanticus Holdings Corp., 9.750%, 09/01/2030<sup>(d)</sup> | $802000 | $797590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Azorra Finance, Ltd., 7.250%, 01/15/2031<sup>(d)</sup> | 304000 | 317312 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Acceptance Corp., 6.625%, 03/15/2030<sup>(d)</sup> | 1530000 | 1535409 |
| &nbsp;&nbsp;&nbsp;&nbsp;Encore Capital Group, Inc., 6.625%, 04/15/2031<sup>(d)</sup> | 711000 | 709375 |
| &nbsp;&nbsp;&nbsp;&nbsp;Enova International, Inc., 9.125%, 08/01/2029<sup>(d)</sup> | 1830000 | 1923381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FirstCash, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.630%, 09/01/2028<sup>(d)</sup> | 3165000 | 3105796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 01/01/2030<sup>(d)</sup> | 11000 | 10993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;goeasy, Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.625%, 07/01/2029<sup>(d)</sup> | 839000 | 850884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 05/15/2030<sup>(d)</sup> | 1639000 | 1632050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 10/01/2030<sup>(d)</sup> | 50000 | 50290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 02/15/2031<sup>(d)</sup> | 960000 | 930700 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jefferson Capital Holdings LLC, 8.250%, 05/15/2030<sup>(d)</sup> | 310000 | 324475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Navient Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.380%, 07/25/2030 | 1514000 | 1674604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 06/15/2032 | 508000 | 535182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OneMain Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 05/15/2029 | 281000 | 289183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 05/15/2030 | 339000 | 343558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 03/15/2033 | 176000 | 176498 |
| &nbsp;&nbsp;&nbsp;&nbsp;PRA Group, Inc., 8.380%, 02/01/2028<sup>(d)</sup> | 127000 | 129998 |
| &nbsp;&nbsp;&nbsp;&nbsp;PROG Holdings, Inc., 6.000%, 11/15/2029<sup>(d)</sup> | 810000 | 796161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SLM Corp., 6.500%, 01/31/2030 | 631000 | 658053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synchrony Financial, 7.250%, 02/02/2033 | 1577000 | 1683611 |
|  |  | 19381841 |
| **Containers & Packaging - 0.72%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cascades, Inc./Cascades USA, Inc., 6.750%, 07/15/2030<sup>(d)</sup> | 1243000 | 1267077 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mauser Packaging Solutions Holding Co., 7.875%, 04/15/2027<sup>(d)</sup> | 800000 | 808843 |
| &nbsp;&nbsp;&nbsp;&nbsp;OI European Group BV, 4.750%, 02/15/2030<sup>(d)</sup> | 630000 | 601778 |
| &nbsp;&nbsp;&nbsp;&nbsp;Owens-Brockway Glass Container, Inc., 7.375%, 06/01/2032<sup>(d)</sup> | 618000 | 624755 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sealed Air Corp., 4.000%, 12/01/2027<sup>(d)</sup> | 80000 | 78578 |
| &nbsp;&nbsp;&nbsp;&nbsp;TriMas Corp., 4.125%, 04/15/2029<sup>(d)</sup> | 705000 | 684036 |
|  |  | 4065067 |
| **Diversified Consumer Services - 0.24%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adtalem Global Education, Inc., 5.500%, 03/01/2028<sup>(d)</sup> | 529000 | 527696 |
| &nbsp;&nbsp;&nbsp;&nbsp;Carriage Services, Inc., 4.250%, 05/15/2029<sup>(d)</sup> | 790000 | 749140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Corp. International, 3.375%, 08/15/2030 | 80000 | 74200 |
|  |  | 1351036 |
| **Diversified Financial Services - 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Acuris Finance US, Inc. / Acuris Finance SARL, 9.000%, 08/01/2029<sup>(d)</sup> | 340000 | 355589 |
| &nbsp;&nbsp;&nbsp;&nbsp;Burford Capital Global Finance LLC, 7.500%, 07/15/2033<sup>(d)</sup> | 575000 | 585839 |
|  |  | 941428 |
| **Diversified REITs - 0.06%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;RHP Hotel Properties LP / RHP Finance Corp., 4.500%, 02/15/2029<sup>(d)</sup> | 367000 | 360230 |
| **Diversified Telecommunication Services - 0.31%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Directv Financing LLC / Directv Financing Co.-Obligor, Inc., 10.000%, 02/15/2031<sup>(d)</sup> | 1135000 | 1134185 |
| &nbsp;&nbsp;&nbsp;&nbsp;Viasat, Inc., 7.500%, 05/30/2031<sup>(d)</sup> | 274000 | 257464 |
| &nbsp;&nbsp;&nbsp;&nbsp;Virgin Media Finance PLC, 5.000%, 07/15/2030<sup>(d)</sup> | 357000 | 331897 |
|  |  | 1723546 |
| **Electric Utilities - 0.03%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Leeward Renewable Energy Operations LLC, 4.250%, 07/01/2029<sup>(d)</sup> | 159000 | 150390 |
| **Electrical Equipment - 0.19%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Albion Financing 1 SARL / Aggreko Holdings, Inc., 7.000%, 05/21/2030<sup>(d)</sup> | 392000 | 406426 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Electrical Equipment (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sensata Technologies BV, 4.000%, 04/15/2029<sup>(d)</sup> | $666000 | $639934 |
|  |  | 1046360 |
| **Electronic Equipment, Instruments & Components - 0.09%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crane NXT Co., 4.200%, 03/15/2048 | 100000 | 66100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qnity Electronics, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 08/15/2032<sup>(d)</sup> | 273000 | 275423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 08/15/2033<sup>(d)</sup> | 192000 | 196308 |
|  |  | 537831 |
| **Energy Equipment & Services - 1.80%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Diamond Foreign Asset Co. / Diamond Finance LLC, 8.500%, 10/01/2030<sup>(d)</sup> | 310000 | 328735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Precision Drilling Corp., 6.875%, 01/15/2029<sup>(d)</sup> | 840000 | 845138 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tidewater, Inc., 9.125%, 07/15/2030<sup>(d)</sup> | 1206000 | 1294194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transocean Inc Rig., 7 7/8 10/15/32 10/15/2032 | 6000 | 6000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transocean International, Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 05/15/2029<sup>(d)</sup> | 2118000 | 2089823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 04/15/2031 | 80000 | 74304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 05/15/2031<sup>(d)</sup> | 160000 | 156922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USA Compression Partners LP / USA Compression Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 03/15/2029<sup>(d)</sup> | 2369000 | 2444865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 10/01/2033<sup>(d)</sup> | 217000 | 217966 |
| &nbsp;&nbsp;&nbsp;&nbsp;Valaris, Ltd., 8.380%, 04/30/2030<sup>(d)</sup> | 2320000 | 2409434 |
| &nbsp;&nbsp;&nbsp;&nbsp;Viridien, 10.000%, 10/15/2030<sup>(d)</sup> | 265000 | 272609 |
|  |  | 10139990 |
| **Entertainment - 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Live Nation Entertainment, Inc., 3.750%, 01/15/2028<sup>(d)</sup> | 80000 | 78253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warnermedia Holdings, Inc., 4.279%, 03/15/2032 | 935000 | 857862 |
|  |  | 936115 |
| **Equipment Leasing - 0.01%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Rentals North America, Inc., 4.000%, 07/15/2030 | 80000 | 76595 |
| **Financial Services - 1.29%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Burford Capital Global Finance LLC, 9.250%, 07/01/2031<sup>(d)</sup> | 569000 | 605311 |
| &nbsp;&nbsp;&nbsp;&nbsp;Freedom Mortgage Corp., 12.250%, 10/01/2030<sup>(d)</sup> | 444000 | 495676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freedom Mortgage Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.250%, 02/01/2029<sup>(d)</sup> | 270000 | 284293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 04/01/2032<sup>(d)</sup> | 294000 | 308400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Park River Holdings, Inc., 8.000%, 03/15/2031<sup>(d)</sup> | 178000 | 180374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PennyMac Financial Services, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 02/15/2029<sup>(d)</sup> | 2111000 | 2044852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 05/15/2032<sup>(d)</sup> | 415000 | 430348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 02/15/2034<sup>(d)</sup> | 1030000 | 1051528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfna LP, 7.875%, 02/15/2030<sup>(d)</sup> | 70000 | 71382 |
| &nbsp;&nbsp;&nbsp;&nbsp;TrueNoord Capital DAC, 8.750%, 03/01/2030<sup>(d)</sup> | 270000 | 287139 |
| &nbsp;&nbsp;&nbsp;&nbsp;UWM Holdings LLC, 6.625%, 02/01/2030<sup>(d)</sup> | 220000 | 223996 |
| &nbsp;&nbsp;&nbsp;&nbsp;Weatherford International, Ltd., 6.750%, 10/15/2033<sup>(d)</sup> | 1305000 | 1306724 |
|  |  | 7290023 |
| **Food & Staples Retailing - 0.08%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United Natural Foods, Inc., 6.750%, 10/15/2028<sup>(d)</sup> | 433000 | 434308 |
| **Food Products - 0.50%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 04/15/2030<sup>(d)</sup> | 1965000 | 1896554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 09/15/2031<sup>(d)</sup> | 1000000 | 935249 |
|  |  | 2831803 |
| **Gas Utilities - 0.57%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AmeriGas Partners LP / AmeriGas Finance Corp., 9.500%, 06/01/2030<sup>(d)</sup> | 452000 | 473578 |
| &nbsp;&nbsp;&nbsp;&nbsp;Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.000%, 06/01/2031<sup>(d)</sup> | 1190000 | 1133041 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Gas Utilities (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Superior Plus LP / Superior General Partner, Inc., 4.500%, 03/15/2029<sup>(d)</sup> | $1203000 | $1161577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Venture Global Plaquemines LNG LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 01/15/2034<sup>(d)</sup> | 279000 | 293866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 01/15/2036<sup>(d)</sup> | 159000 | 168985 |
|  |  | 3231047 |
| **Ground Transportation - 0.66%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avis Budget Car Rental LLC / Avis Budget Finance, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 01/15/2030<sup>(d)</sup> | 2379000 | 2469782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 06/15/2032<sup>(d)</sup> | 341000 | 356954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hertz Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 12/01/2026<sup>(d)</sup> | 246000 | 242272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.625%, 07/15/2029<sup>(d)</sup> | 219000 | 232378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2029<sup>(d)</sup> | 569000 | 454454 |
|  |  | 3755840 |
| **Health Care Equipment & Supplies - 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hologic Inc Holx 4 5/8 02/01/28, 4.625%, 02/01/2028<sup>(d)</sup> | 940000 | 933809 |
| **Health Care Providers & Services - 0.96%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AdaptHealth LLC, 4.625%, 08/01/2029<sup>(d)</sup> | 618000 | 585101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHS/Community Health Systems, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 04/15/2029<sup>(d)</sup> | 1040000 | 827757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 04/01/2030<sup>(d)</sup> | 700000 | 508346 |
| &nbsp;&nbsp;&nbsp;&nbsp;DaVita, Inc., 4.625%, 06/01/2030<sup>(d)</sup> | 767000 | 735706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Encompass Health Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/2028 | 1718000 | 1704868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 04/01/2031 | 452000 | 440120 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Medical Response, Inc., 7.375%, 10/01/2032<sup>(d)</sup> | 298000 | 306921 |
| &nbsp;&nbsp;&nbsp;&nbsp;MPH Acquisition Holdings LLC, 5.750%, 12/31/2030<sup>(d)</sup> | 330000 | 288414 |
|  |  | 5397233 |
| **Health Care REITs - 0.92%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diversified Healthcare Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/15/2028 | 1590000 | 1517132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 10/15/2030<sup>(d)</sup> | 148000 | 150602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 03/01/2031 | 520000 | 459816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MPT Operating Partnership LP / MPT Finance Corp., 4.625%, 08/01/2029 | 3639000 | 3039800 |
|  |  | 5167350 |
| **Hotel & Resort REITs - 0.11%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Properties Trust, 4.375%, 02/15/2030 | 720000 | 612628 |
| **Hotels, Restaurants & Leisure - 0.98%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1011778 BC ULC / New Red Finance, Inc., 3.875%, 01/15/2028<sup>(d)</sup> | 80000 | 78195 |
| &nbsp;&nbsp;&nbsp;&nbsp;Boyd Gaming Corp., 4.750%, 06/15/2031<sup>(d)</sup> | 50000 | 48242 |
| &nbsp;&nbsp;&nbsp;&nbsp;Churchill Downs, Inc., 4.750%, 01/15/2028<sup>(d)</sup> | 373000 | 368293 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc., 4.625%, 01/15/2029<sup>(d)</sup> | 210000 | 200036 |
| &nbsp;&nbsp;&nbsp;&nbsp;Great Canadian Gaming Corp./Raptor LLC, 8.750%, 11/15/2029<sup>(d)</sup> | 310000 | 306772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Domestic Operating Co., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 04/01/2029<sup>(d)</sup> | 59000 | 60259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 05/01/2029<sup>(d)</sup> | 874000 | 841404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2031<sup>(d)</sup> | 80000 | 75768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 09/15/2033<sup>(d)</sup> | 989000 | 1002920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2029<sup>(d)</sup> | 300000 | 288719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 07/01/2031<sup>(d)</sup> | 30000 | 28019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Travel + Leisure Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 03/01/2030<sup>(d)</sup> | 342000 | 329888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 09/01/2033<sup>(d)</sup> | 379000 | 378191 |
| &nbsp;&nbsp;&nbsp;&nbsp;Voyager Parent LLC, 9.250%, 07/01/2032<sup>(d)</sup> | 471000 | 498393 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.250%, 05/15/2027<sup>(d)</sup> | 70000 | 69973 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wynn Resorts Finance LLC / Wynn Resorts Capital Corp., 7.125%, 02/15/2031<sup>(d)</sup> | 820000 | 883280 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Hotels, Restaurants & Leisure (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Yum! Brands, Inc., 4.750%, 01/15/2030<sup>(d)</sup> | $80000 | $79620 |
|  |  | 5537972 |
| **Household Durables - 0.86%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beazer Homes USA, Inc., 7.500%, 03/15/2031<sup>(d)</sup> | 77000 | 78122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brookfield Residential Properties, Inc. / Brookfield Residential US LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2029<sup>(d)</sup> | 350000 | 333861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 02/15/2030<sup>(d)</sup> | 100000 | 93880 |
| &nbsp;&nbsp;&nbsp;&nbsp;Century Communities, Inc., 6.625%, 09/15/2033<sup>(d)</sup> | 418000 | 421973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M/I Homes, Inc., 3.950%, 02/15/2030 | 615000 | 588833 |
| &nbsp;&nbsp;&nbsp;&nbsp;Somnigroup International, Inc., 4.000%, 04/15/2029<sup>(d)</sup> | 2313000 | 2223088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taylor Morrison Communities, Inc., 5.750%, 01/15/2028<sup>(d)</sup> | 832000 | 844319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tri Pointe Homes, Inc., 5.700%, 06/15/2028 | 268000 | 273651 |
|  |  | 4857727 |
| **Industrial Conglomerates - 0.53%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dcli Bidco LLC, 7.750%, 11/15/2029<sup>(d)</sup> | 310000 | 322624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Icahn Enterprises LP / Icahn Enterprises Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 11/15/2029<sup>(d)</sup> | 2278000 | 2290911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 06/15/2030 | 365000 | 352249 |
|  |  | 2965784 |
| **Insurance - 0.11%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves, 7.875%, 11/01/2029<sup>(d)</sup> | 350000 | 365558 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nassau Cos. of New York, 7.875%, 07/15/2030<sup>(d)</sup> | 257000 | 262695 |
|  |  | 628253 |
| **Interactive Media & Services - 0.31%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cars.com, Inc., 6.375%, 11/01/2028<sup>(d)</sup> | 500000 | 498427 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dotdash Meredith, Inc., 7.625%, 06/15/2032<sup>(d)</sup> | 270000 | 267719 |
| &nbsp;&nbsp;&nbsp;&nbsp;Match Group Holdings II LLC, 6.125%, 09/15/2033<sup>(d)</sup> | 156000 | 157493 |
| &nbsp;&nbsp;&nbsp;&nbsp;ZipRecruiter, Inc., 5.000%, 01/15/2030<sup>(d)</sup> | 996000 | 802735 |
|  |  | 1726374 |
| **IT Services - 0.21%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CoreWeave, Inc., 9.000%, 02/01/2031<sup>(d)</sup> | 1149000 | 1179022 |
| **Life Sciences Tools & Services - 0.07%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Star Parent, Inc., 9.000%, 10/01/2030<sup>(d)</sup> | 380000 | 402208 |
| **Machinery - 0.78%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allison Transmission, Inc., 3.750%, 01/30/2031<sup>(d)</sup> | 1858000 | 1717994 |
| &nbsp;&nbsp;&nbsp;&nbsp;ATS Corp., 4.125%, 12/15/2028<sup>(d)</sup> | 11000 | 10550 |
| &nbsp;&nbsp;&nbsp;&nbsp;JB Poindexter & Co., Inc., 8.750%, 12/15/2031<sup>(d)</sup> | 290000 | 304095 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mueller Water Products, Inc., 4.000%, 06/15/2029<sup>(d)</sup> | 947000 | 912793 |
| &nbsp;&nbsp;&nbsp;&nbsp;Park-Ohio Industries, Inc., 8.500%, 08/01/2030<sup>(d)</sup> | 360000 | 373525 |
| &nbsp;&nbsp;&nbsp;&nbsp;Roller Bearing Co. of America, Inc., 4.375%, 10/15/2029<sup>(d)</sup> | 1050000 | 1021120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Titan International, Inc., 7.000%, 04/30/2028 | 50000 | 50102 |
|  |  | 4390179 |
| **Marine Transportation - 0.07%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stena International SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 01/15/2031<sup>(d)</sup> | 300000 | 306118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.625%, 02/15/2031<sup>(d)</sup> | 80000 | 82473 |
|  |  | 388591 |
| **Media - 1.59%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMC Networks, Inc., 4.250%, 02/15/2029 | 9000 | 7838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Clear Channel Outdoor Holdings, Inc., 7.750%, 04/15/2028<sup>(d)</sup> | 1411000 | 1409690 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Media (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSC Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 04/01/2028<sup>(d)</sup> | $110000 | $79757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.750%, 01/31/2029<sup>(d)</sup> | 540000 | 454447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 02/01/2029<sup>(d)</sup> | 590000 | 436580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 01/15/2030<sup>(d)</sup> | 200000 | 76382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 12/01/2030<sup>(d)</sup> | 150000 | 98350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EchoStar Corp., 10.750%, 11/30/2029 | 1110000 | 1222054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gray Media, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 10/15/2030<sup>(d)</sup> | 1000000 | 768750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 11/15/2031<sup>(d)</sup> | 510000 | 383460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.625%, 07/15/2032<sup>(d)</sup> | 570000 | 582833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lamar Media Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 02/15/2028 | 638000 | 620832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 11/01/2033<sup>(d)</sup> | 1250000 | 1242367 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nexstar Media, Inc., 4.750%, 11/01/2028<sup>(d)</sup> | 317000 | 309669 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sinclair Television Group, Inc., 5.500%, 03/01/2030<sup>(d)</sup> | 186000 | 158797 |
| &nbsp;&nbsp;&nbsp;&nbsp;Univision Communications, Inc., 8.500%, 07/31/2031<sup>(d)</sup> | 1100000 | 1136819 |
|  |  | 8988625 |
| **Metals & Mining - 1.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alumina Pty, Ltd., 6.375%, 09/15/2032<sup>(d)</sup> | 290000 | 297536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cleveland-Cliffs, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 09/15/2031<sup>(d)</sup> | 363000 | 374408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 05/01/2033<sup>(d)</sup> | 610000 | 623219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.625%, 01/15/2034<sup>(d)</sup> | 539000 | 555741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Compass Minerals International, Inc., 8.000%, 07/01/2030<sup>(d)</sup> | 536000 | 560670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortescue Treasury Pty, Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 04/01/2031<sup>(d)</sup> | 80000 | 76435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 04/15/2032<sup>(d)</sup> | 50000 | 51705 |
| &nbsp;&nbsp;&nbsp;&nbsp;Iamgold Corp, 5.750%, 10/15/2028<sup>(d)</sup> | 70000 | 69973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mineral Resources, Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.250%, 10/01/2028<sup>(d)</sup> | 632000 | 663005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 05/01/2030<sup>(d)</sup> | 750000 | 780742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 04/01/2031<sup>(d)</sup> | 1040000 | 1054109 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Gold, Inc., 6.875%, 04/01/2032<sup>(d)</sup> | 70000 | 73377 |
| &nbsp;&nbsp;&nbsp;&nbsp;SunCoke Energy, Inc., 4.880%, 06/30/2029<sup>(d)</sup> | 995000 | 930893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taseko Mines, Ltd., 8.250%, 05/01/2030<sup>(d)</sup> | 490000 | 519593 |
|  |  | 6631406 |
| **Mortgage Real Estate Investment Trusts (REITs) - 1.15%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Apollo Commercial Real Estate Finance, Inc., 4.625%, 06/15/2029<sup>(d)</sup> | 320000 | 307780 |
| &nbsp;&nbsp;&nbsp;&nbsp;Arbor Realty SR, Inc., 7.875%, 07/15/2030<sup>(d)</sup> | 258000 | 271383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rithm Capital Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 04/01/2029<sup>(d)</sup> | 1440000 | 1475045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 07/15/2030<sup>(d)</sup> | 1119000 | 1146533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starwood Property Trust, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 04/01/2029<sup>(d)</sup> | 750000 | 788471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/15/2030<sup>(d)</sup> | 600000 | 609605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 07/01/2030<sup>(d)</sup> | 850000 | 879868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 10/15/2030<sup>(d)</sup> | 70000 | 72483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 01/15/2031 | 962000 | 962604 |
|  |  | 6513772 |
| **Office REITs - 0.27%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brandywine Operating Partnership LP, 8.875%, 04/12/2029 | 1408000 | 1529489 |
| **Oil, Gas & Consumable Fuels - 5.01%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alliance Resource Operating Partners LP / Alliance Resource Finance Corp., 8.630%, 06/15/2029<sup>(d)</sup> | 850000 | 900394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Partners LP / Antero Midstream Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 06/15/2029<sup>(d)</sup> | 210000 | 209385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 10/15/2033<sup>(d)</sup> | 541000 | 538939 |
| &nbsp;&nbsp;&nbsp;&nbsp;Baytex Energy Corp., 8.500%, 04/30/2030<sup>(d)</sup> | 1626000 | 1673071 |
| &nbsp;&nbsp;&nbsp;&nbsp;BKV Upstream Midstream LLC, 7.500%, 10/15/2030<sup>(d)</sup> | 196000 | 196008 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Oil, Gas & Consumable Fuels (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<br> Buckeye Partners LP, 4.500%, 03/01/2028<sup>(d)</sup> | $700000 | $691814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California Resources Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 06/15/2029<sup>(d)</sup> | 1350000 | 1408907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 01/15/2034<sup>(d)</sup> | 777000 | 772137 |
| &nbsp;&nbsp;&nbsp;&nbsp;Civitas Resources, Inc., 9.625%, 06/15/2033<sup>(d)</sup> | 130000 | 137411 |
| &nbsp;&nbsp;&nbsp;&nbsp;CNX Resources Corp., 6.000%, 01/15/2029<sup>(d)</sup> | 175000 | 175199 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comstock Resources, Inc., 6.750%, 03/01/2029<sup>(d)</sup> | 1200000 | 1198874 |
| &nbsp;&nbsp;&nbsp;&nbsp;CVR Energy, Inc., 8.500%, 01/15/2029<sup>(d)</sup> | 2068000 | 2115188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delek Logistics Partners LP / Delek Logistics Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.630%, 03/15/2029<sup>(d)</sup> | 1541000 | 1608111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 06/30/2033<sup>(d)</sup> | 1104000 | 1123492 |
| &nbsp;&nbsp;&nbsp;&nbsp;Energean PLC, 6.500%, 04/30/2027<sup>(d)</sup> | 300000 | 298969 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gulfport Energy Operating Corp., 6.750%, 09/01/2029<sup>(d)</sup> | 1367000 | 1404515 |
| &nbsp;&nbsp;&nbsp;&nbsp;Harvest Midstream I LP, 7.500%, 05/15/2032<sup>(d)</sup> | 70000 | 71737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream Operations LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 03/01/2028<sup>(d)</sup> | 610000 | 622203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.130%, 06/15/2028<sup>(d)</sup> | 1502000 | 1501475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 06/01/2029<sup>(d)</sup> | 120000 | 123836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilcorp Energy I LP / Hilcorp Finance Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 02/01/2031<sup>(d)</sup> | 40000 | 38672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 04/15/2032<sup>(d)</sup> | 630000 | 604824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 11/01/2033<sup>(d)</sup> | 280000 | 294270 |
| &nbsp;&nbsp;&nbsp;&nbsp;Karoon USA Finance, Inc., 10.500%, 05/14/2029<sup>(d)</sup> | 650000 | 680616 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kraken Oil & Gas Partners LLC, 7.625%, 08/15/2029<sup>(d)</sup> | 310000 | 307519 |
| &nbsp;&nbsp;&nbsp;&nbsp;Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp., 6.875%, 12/01/2032<sup>(d)</sup> | 839000 | 861628 |
| &nbsp;&nbsp;&nbsp;&nbsp;MEG Energy Corp., 5.875%, 02/01/2029<sup>(d)</sup> | 1267000 | 1267892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Murphy Oil Corp., 6.000%, 10/01/2032 | 190000 | 187577 |
| &nbsp;&nbsp;&nbsp;&nbsp;NGL Energy Operating LLC / NGL Energy Finance Corp., 8.130%, 02/15/2029<sup>(d)</sup> | 320000 | 328337 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northern Oil & Gas, Inc., 8.750%, 06/15/2031<sup>(d)</sup> | 355000 | 367192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PBF Holding Co. LLC / PBF Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 02/15/2028 | 183000 | 182028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.875%, 03/15/2030<sup>(d)</sup> | 1649000 | 1729606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 09/15/2030<sup>(d)</sup> | 627000 | 619595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunoco LP / Sunoco Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 09/15/2028<sup>(d)</sup> | 1000000 | 1031663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/15/2029 | 1593000 | 1555210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talos Production, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 02/01/2029<sup>(d)</sup> | 105000 | 108650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.375%, 02/01/2031<sup>(d)</sup> | 1049000 | 1093395 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wildfire Intermediate Holdings LLC, 7.500%, 10/15/2029<sup>(d)</sup> | 280000 | 283605 |
|  |  | 28313944 |
| **Personal Care Products - 0.23%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;HLF Financing Sarl LLC / Herbalife International, Inc., 4.875%, 06/01/2029<sup>(d)</sup> | 1443000 | 1275961 |
| **Pharmaceuticals - 0.11%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Prestige Brands, Inc., 3.750%, 04/01/2031<sup>(d)</sup> | 666000 | 613935 |
| **Professional Services - 0.32%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ASGN, Inc., 4.625%, 05/15/2028<sup>(d)</sup> | 525000 | 515816 |
| &nbsp;&nbsp;&nbsp;&nbsp;Clarivate Science Holdings Corp., 4.875%, 07/01/2029<sup>(d)</sup> | 490000 | 463512 |
| &nbsp;&nbsp;&nbsp;&nbsp;Science Applications International Corp., 4.880%, 04/01/2028<sup>(d)</sup> | 840000 | 832224 |
|  |  | 1811552 |
| **Real Estate Management & Development - 0.30%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ashton Woods USA LLC / Ashton Woods Finance Co., 6.875%, 08/01/2033<sup>(d)</sup> | 315000 | 317987 |
| &nbsp;&nbsp;&nbsp;&nbsp;Five Point Operating Co. LP, 8.000%, 10/01/2030<sup>(d)</sup> | 160000 | 162463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howard Hughes Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 02/01/2029<sup>(d)</sup> | 1010000 | 969733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.380%, 02/01/2031<sup>(d)</sup> | 270000 | 253367 |
|  |  | 1703550 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** |<br>**Value** |
| **Semiconductors & Semiconductor Equipment - 0.93%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AMS-OSRAM AG, 12.250%, 03/30/2029<sup>(d)</sup> | $1595000 | $1717946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kioxia Holdings Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 07/24/2030<sup>(d)</sup> | 851000 | 868985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 07/24/2033<sup>(d)</sup> | 2596000 | 2671686 |
|  |  | 5258617 |
| **Software - 1.34%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud Software Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 03/31/2029<sup>(d)</sup> | 1540000 | 1555585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.630%, 08/15/2033<sup>(d)</sup> | 201000 | 204817 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consensus Cloud Solutions, Inc., 6.500%, 10/15/2028<sup>(d)</sup> | 696000 | 699683 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fair Isaac Corp., 4.000%, 06/15/2028<sup>(d)</sup> | 3690000 | 3593041 |
| &nbsp;&nbsp;&nbsp;&nbsp;Open Text Holdings, Inc., 4.125%, 02/15/2030<sup>(d)</sup> | 565000 | 535929 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pagaya US Holdings Co. LLC, 8.875%, 08/01/2030<sup>(d)</sup> | 1029000 | 960714 |
|  |  | 7549769 |
| **Specialty Retail - 0.71%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PetSmart LLC / PetSmart Finance Corp., 7.500%, 09/15/2032<sup>(d)</sup> | 588000 | 590344 |
| &nbsp;&nbsp;&nbsp;&nbsp;Victra Holdings LLC / Victra Finance Corp., 8.750%, 09/15/2029<sup>(d)</sup> | 290000 | 304465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wayfair LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 10/31/2029<sup>(d)</sup> | 1819000 | 1880010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 09/15/2030<sup>(d)</sup> | 1177000 | 1237316 |
|  |  | 4012135 |
| **Technology Hardware, Storage & Peripherals - 0.01%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Seagate Data Storage Technology Pte, Ltd., 9.625%, 12/01/2032<sup>(d)</sup> | 70000 | 79349 |
| **Textiles, Apparel & Luxury Goods - 0.19%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Wolverine World Wide, Inc., 4.000%, 08/15/2029<sup>(d)</sup> | 1158000 | 1061121 |
| **Thrifts & Mortgage Finance - 0.10%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sabre GLBL, Inc., 10.750%, 11/15/2029<sup>(d)</sup> | 165000 | 160075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Twilio, Inc., 3.625%, 03/15/2029 | 80000 | 76325 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Wholesale Mortgage LLC, 5.500%, 04/15/2029<sup>(d)</sup> | 350000 | 345472 |
|  |  | 581872 |
| **Trading Companies & Distributors - 0.08%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alta Equipment Group, Inc., 9.000%, 06/01/2029<sup>(d)</sup> | 70000 | 65402 |
| &nbsp;&nbsp;&nbsp;&nbsp;Veritiv Operating Co., 10.500%, 11/30/2030<sup>(d)</sup> | 370000 | 397557 |
|  |  | 462959 |
| **Transportation Infrastructure - 0.03%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 5.375%, 03/01/2029<sup>(d)</sup> | 190000 | 185437 |
| TOTAL CORPORATE BONDS |  |  |
| (Cost $200,011,707) |  | 205067573 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| COMMON STOCK - 0.45% |  |  |
| **Diversified Consumer Services - 0.00%<sup>(e)</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loyalty Ventures Inc<sup>(c)(f)</sup> | 1353511 | 13535 |
| **Energy Equipment & Services - 0.22%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brock Holdings III Inc.<sup>(c)(f)</sup> | 164832 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Safety Holdings, LLC<sup>(c)(f)</sup> | 2951 | 1106625 |
| &nbsp;&nbsp;&nbsp;&nbsp;Utex Industries Holdings, LLC<sup>(f)</sup> | 3182 | 123502 |
|  |  | 1230127 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care Providers & Services - 0.23%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Envision Healthcare Corp. Equity<sup>(f)</sup> | 79338 | $1272714 |
| TOTAL COMMON STOCK |  |  |
| (Cost $9,129,123) |  | 2516376 |
| WARRANTS - 0.00%<sup>(e)</sup> |  |  |
| **Energy Equipment & Services - 0.00%<sup>(e)</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Utex Industries Holdings, LLC expires 12/31/2049 at $114.76<sup>(c)</sup> | 7955 | 3182 |
| TOTAL WARRANTS |  |  |
| (Cost $0) |  | 3182 |
| SHORT TERM INVESTMENTS - 0.15% |  |  |
| **Open-end Investment Companies - 0.15%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Treasury Portfolio |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4.01% 7-Day Yield) | 857934 | 857934 |
| TOTAL SHORT TERM INVESTMENTS |  |  |
| (Cost $857,934) |  | 857934 |
| Total Investments- 158.72% |  |  |
| (Cost $908,266,466) |  | 896064184 |
| Liabilities in Excess of Other Assets - (0.98)% |  | (5508852) |
| Mandatory Redeemable Preferred Shares - (7.97)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(liquidation preference plus distributions payable on term preferred shares) |  | (45000000) |
| Leverage Facility - (49.77)% |  | (281000000) |
| **Net Assets - 100.00%** |  | $564555332 |

---

*Amounts above are shown as a percentage of net assets as of September 30, 2025.*

**Investment Abbreviations:**

SOFR - Secured Overnight Financing Rate

**Reference Rates:**

1M US SOFR - 1 Month SOFR as of September 30, 2025 was 4.31%

3M US SOFR - 3 Month SOFR as of September 30, 2025 was 4.35%

6M US SOFR - 6 Month SOFR as of September 30, 2025 was 4.37%

6M CME TERM SOFR - 6M CME TERM SOFR as of September 30, 2025 was 3.85%

12M CME TERM SOFR - 12M CME TERM SOFR as of September 30, 2025 was 3.66%

*<sup>(a)</sup>* *Floating or variable rate security. The reference rate is described above. The rate in effect as of September 30, 2025, is based on the reference rate plus the displayed spread as of the security's last reset date. Where applicable, the reference rate is subject to a floor rate.*

*<sup>(b)</sup>* *A portion of this position was not funded as of September 30, 2025. The Portfolio of Investments records only the funded portion of each position. As of September 30, 2025, the Fund has unfunded delayed draw loans in the amount of $1,293,377. Fair value of these unfunded delayed draws was $1,296,243. Additional information is provided in Note 4 General Commitments and Contingencies.*

*<sup>(c)</sup>* *Level 3 assets valued using significant unobservable inputs as a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.*

*<sup>(d)</sup>* *Security exempt from registration under Rule 144A of the Securities Act of 1933. Total market value of Rule 144A securities amounts to $191,575,300, which represented approximately 33.93% of net assets as of September 30, 2025. Such securities may normally be sold to qualified institutional buyers in transactions exempt from registration.*

*<sup>(e)</sup>* *Amount represents less than 0.005% of net assets.*

*<sup>(f)</sup>* *Non-income producing security.*

**NOTE 1. ORGANIZATION**

Blackstone Strategic Credit 2027 Term Fund ("BGB", the "Fund") is a diversified, closed-end management investment company. BGB was organized as a Delaware statutory trust on March 28, 2012. BGB was registered under the Investment Company Act of 1940, as amended (the "1940 Act") on April 6, 2012. BGB commenced operations on September 26, 2012. Prior to that date, BGB had no operations other than matters relating to its organization and the sale and issuance of 5,236 common shares of beneficial interest in BGB to Blackstone Liquid Credit Strategies LLC (the "Adviser") at a price of $19.10 per share. The Adviser serves as the investment adviser for BGB. BGB's common shares are listed on the New York Stock Exchange (the "Exchange") and trade under the ticker symbol "BGB."

BGB will dissolve on or about September 15, 2027, absent shareholder approval to extend such term. Upon dissolution, BGB will distribute substantially all of its net assets to shareholders, after making appropriate provision for any liabilities of BGB. Pursuant to BGB's Amended and Restated Agreement and Declaration of Trust, prior to the date of dissolution, a majority of BGB's Board of Trustees (the "Board"), with the approval of a majority of the outstanding voting securities entitled to vote (as defined in the 1940 Act), may extend the life of BGB. If approved, the dissolution date of BGB may be extended by a period of two years or such shorter time as may be determined. The dissolution date of BGB may be extended an unlimited number of times.

The Fund was previously classified as a non-diversified investment company for purposes of the 1940 Act. As a result of ongoing operations, BGB as of September 25, 2015 is now classified as a diversified company. This means that with respect to 75% of the Fund's total assets, no more than 5% of such Fund's total assets may be invested in any one issuer, excepting cash and cash items, U.S. government securities, and securities of other investment companies. The Fund may not resume operating in a non-diversified manner without first obtaining shareholder approval in accordance with the 1940 Act.

**Investment Objectives**: BGB's primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. BGB will seek to achieve its investment objectives by investing primarily in a diversified portfolio of loans and other fixed income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans (''Senior Secured Loans'') and high yield corporate bonds of varying maturities. Under normal market conditions, at least 80% of BGB's Managed Assets (defined in Note 3) will be invested in credit investments comprised of corporate fixed income instruments and other investments (including derivatives) with similar economic characteristics.

Senior Loans, Secured Loans and Senior Secured Loans are referred to collectively as "Loans" throughout the Notes to Financial Statements.

**NOTE 2. SIGNIFICANT ACCOUNTING POLICIES**

**Basis of Presentation**: The Fund's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and are stated in U.S. dollars. The Fund is considered an Investment Company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification Topic 946.

The preparation of financial statements requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statement. Actual results could differ from these estimates. The Fund operates as a single operating segment. As a result, the Fund's segment accounting policies are consistent with those described herein and the Fund does not have any intra-segment sales and transfers of assets.

**Portfolio Valuation**: BGB's net asset value ("NAV") is determined daily on each day that the Exchange is open for business, as of the close of the regular trading session on the Exchange. The Fund calculates NAV per share by subtracting liabilities (including accrued expenses or dividends) from the total assets of the Fund (the value of the securities plus cash or other assets, including interest accrued but not yet received) and dividing the result by the total number of outstanding common shares of the Fund.

Loans are primarily valued by using a composite loan price from a nationally recognized loan pricing service. The methodology used by the Fund's nationally recognized loan pricing provider for composite loan prices is to value loans at the mean of the bid and ask prices from one or more brokers or dealers. Collateralized Loan Obligation securities ("CLOs") are valued at the price provided by a nationally recognized pricing service. The prices provided by the nationally recognized pricing service are typically based on the evaluated mid-price of each of the CLOs. Corporate bonds and convertible bonds, other than short-term investments, are valued at the price provided by a nationally recognized pricing service. The prices provided by the nationally recognized pricing service are typically based on the mean of bid and ask prices for each corporate bond security. In determining the value of a particular investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrices, market transactions in comparable investments, various relationships observed in the market between investments and calculated yield measures based on valuation technology commonly employed in the market for such investments. Equity securities for which market quotations are available are generally valued at the last sale price or official closing price on the primary market or exchange on which they trade. Futures contracts, if any, are ordinarily valued at the last sales price on the securities or commodities exchange on which they are traded. Written and purchased options, if any, are ordinarily valued at the closing price on the securities or commodities exchange on which they are traded. Open-end investment companies are generally valued at their closing net asset values as reported on each business day. To the extent current market quotations are not readily available, short-term debt investments, if any, having a remaining maturity of 60 days or less when purchased would be valued at cost adjusted for amortization of premiums and accretion of discounts.

In accordance with Rule 2a-5 under the 1940 Act, the Board has designated the Adviser as the valuation designee to perform fair value determinations related to the Fund's investments, subject to the Board's oversight and periodic reporting requirements.

Any investments and other assets for which such current market quotations are not readily available are valued at fair value ("Fair Valued Assets") as determined in good faith by a committee of the Adviser (the "Fair Valued Asset Committee") under procedures established by, and under the general supervision and responsibility of, the Fund's Board. Such methods may include, but are not limited to, the use of a market comparable and/or income approach methodologies. A Fair Valued Asset Committee meeting may be called at any time by any member of the Fair Valued Asset Committee. The pricing of all Fair Valued Assets and determinations thereof shall be reported by the Adviser as the valuation designee to the Board at each regularly scheduled quarterly meeting. The Fund has procedures to identify and investigate potentially stale or missing prices for investments which are valued using a nationally recognized pricing service, exchange price or broker-dealer quotations. After performing such procedures, any prices which are deemed to be stale are reviewed by the Fair Valued Asset Committee and an alternative pricing source is determined.

Various inputs are used to determine the value of BGB's investments. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 — Unadjusted quoted prices in active markets for identical investments at the measurement date.

Level 2 — 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 categorization of a value determined for investments and other financial instruments is based on the pricing transparency of the investment and other financial instrument and does not necessarily correspond to the Fund's perceived risk of investing in those securities. Investments measured and reported at fair value are classified and disclosed in one of the following levels within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement.

The following table summarizes the valuation of BGB's investments under the fair value hierarchy levels as of September 30, 2025:

**Blackstone Strategic Credit 2027 Term Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Investments in Securities at Fair Value\*** |<br>**Level 1 - Quoted Prices** | **Level 2 - Significant**<br>**Observable Inputs** | **Level 3 - Significant**<br>**Unobservable Inputs** |<br>**Total** |
| Floating Rate Loan Interests |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aerospace & Defense | $– | $15709949 | $2150320 | $17860269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Services & Supplies |  | 32425509 | 4840331 | 37265840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Services |  | 9709432 | 4437929 | 14147361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IT Services |  | 3253119 | 3562883 | 6816002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery |  | 20016558 | 3576537 | 23593095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil, Gas & Consumable Fuels |  | 12274607 | 773914 | 13048521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professional Services |  | 48428827 | 4063320 | 52492147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading Companies & Distributors |  | 7834498 | 2631575 | 10466073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other |  | 511929811 |  | 511929811 |
| Corporate Bonds |  | 205067573 |  | 205067573 |
| Common Stock |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diversified Consumer Services |  |  | 13535 | 13535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Equipment & Services |  | 123502 | 1106625 | 1230127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care Providers & Services |  | 1272714 |  | 1272714 |
| Warrants |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Equipment & Services |  |  | 3182 | 3182 |
| Short Term Investments | 857934 | – | – | 857934 |
| Total | $857934 | $868046099 | $27160151 | $896064184 |
| **Other Financial Instruments** |  |  |  |  |
| **Assets** |  |  |  |  |
| Net Unrealized Appreciation on Unfunded Loan Commitments | – | 6626 | – | 6626 |
| Total | – | 6626 | – | 6626 |

---

\* *Refer to each Fund's Portfolio of Investments for a listing of securities by type.*

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of September 30, 2025, the Fund's outstanding borrowings of $281,000,000 under its Leverage Facility are categorized as Level 2 within the fair value hierarchy.

The changes of the fair value of investments for which BGB has used significant unobservable (Level 3) inputs to determine the fair value are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <br>**Blackstone Strategic Credit 2027 Term Fund** | **Floating Rate**<br>**Loan Interests** |<br>**Common Stock** |<br>**Warrants** | **Unfunded Loan**<br>**Commitments** |<br>**Total** |
| Balance as of December 31, 2024 | $27689006 | $1106625 | $3182 | $4977 | $28803790 |
| &nbsp;&nbsp;&nbsp;Accrued discount/ premium | 2537681 |  |  |  | 2537681 |
| &nbsp;&nbsp;&nbsp;Realized Gain/(Loss) | (40286) |  |  |  | (40286) |
| &nbsp;&nbsp;&nbsp;Change in Unrealized Appreciation/(Depreciation) | (239967) | 13535 |  | (4977) | (231409) |
| &nbsp;&nbsp;&nbsp;Purchases<sup>(1)</sup> | 12772235 |  |  |  | 12772235 |
| &nbsp;&nbsp;&nbsp;Sales Proceeds<sup>(2)</sup> | (16034721) |  |  |  | (16034721) |
| &nbsp;&nbsp;&nbsp;Transfer into Level 3 | 8403214 |  |  |  | 8403214 |
| &nbsp;&nbsp;&nbsp;Transfer out of Level 3 | (9050353) | – | – | – | (9050353) |
| Balance as of September 30, 2025 | $26036809 | $1120160 | $3182 | $– | $27160151 |
| Net change in unrealized appreciation/(depreciation) attributable to Level 3 investments held at September 30, 2025 | $(746935) | $13535 | $– | $(4977) | $(738377) |

---

&nbsp;&nbsp;&nbsp;&nbsp;*(1)* *Purchases include all purchases of securities and securities received in corporate actions.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(2)* *Sales Proceeds include all sales of securities, maturities, paydowns and securities tendered in corporate actions.* 

Information about Level 3 fair value measurements as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Blackstone Strategic Credit 2027 Term Fund** | **Fair Value** | **Valuation Technique(s)** | **Unobservable Input(s)** | **Value/Range (Weighted Average)** |
| Floating Rate Loan Interests | $26036809 | Third-party vendor pricing service | Broker quotes | N/A |
| Common Stock |  | Performance Multiple Methodology | EBITDA Multiple | 7.38x |
|  | 1120160 | Third-party vendor pricing service | Broker quotes | N/A |
| Warrants | 3182 | Third-party vendor pricing service | Broker quotes | N/A |

---

A change to the unobservable input at the reporting date would result in a significant change to the value of the investment as follows:

---

| | | |
|:---|:---|:---|
| **Unobservable Input** | **Impact to Value if Input Increases** | **Impact to Value if Input Decreases** |
| EBITDA Multiple | Increase | Decrease |
| Broker Quotes | Increase | Decrease |

---

Securities were transferred from Level 2 to Level 3 because of a lack of observable market data due to decrease in market activity and information for these securities. Other securities were transferred from Level 3 to Level 2 as observable inputs were available for purposes of valuing those assets.

**Securities Transactions and Investment Income:** Securities transactions are recorded on trade date for financial reporting purposes, and amounts payable or receivable for trades not settled at the time of period end are reflected as liabilities and assets, respectively. Interest income is recognized on an accrual basis from the date of settlement. Accretion of discount and amortization of premium, which are included in interest income, are accreted or amortized daily using the accrual basis interest method. Dividend income is recorded on the ex-dividend date. Realized gains and losses from securities transactions and foreign currency transactions, if any, are recorded on the basis of identified cost.

When the Fund sells a floating rate loan interest, it may pay an agency fee. The Fund earns facility and other fees on floating rate loan interests, and facility fees are typically amortized to income over the term of the loan. Consent and amendment fees are also recorded to income as earned.

**NOTE 3. LOANS AND OTHER INVESTMENTS**

Under normal market conditions, at least 80% of BGB's Managed Assets (as defined below) will be invested in credit investments comprised of corporate fixed income instruments and other investments (including derivatives) with similar economic characteristics. BGB defines "Managed Assets" as total assets (including "effective leverage" (meaning leverage incurred through total return swaps, securities lending arrangements, credit default swaps or other derivative transactions) and "traditional leverage" (meaning borrowing money or issuing preferred shares (but will not issue auction rate preferred shares), debt securities or commercial paper, or entering into similar transactions)). At September 30, 2025, 100.24% of BGB's Managed Assets were held in corporate fixed income instruments, including Senior Secured Loans. The Fund may invest in assignments or participations of Senior Secured Loans made to U.S. and, to a limited extent, non-U.S. corporations, partnerships and other business entities ("Borrowers") which operate in various industries and geographical regions.

Senior Secured Loans hold a senior position in the capital structure of a business entity, are secured with specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to that held by unsecured creditors, subordinated debt holders and stockholders of the Borrower.

Loans often require prepayment from Borrowers' excess cash flows or permit the Borrowers' to repay at their election. The degree to which Borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, floating rate loans typically have an expected average life of two to four years. Floating rate loans typically have rates of interest which are re-determined periodically, either daily, monthly, quarterly or semi-annually by reference to a floating base lending rate, primarily the Secured Overnight Financing Rate ("SOFR"), plus a premium or credit spread.

Loans are subject to the risk of payment defaults of scheduled interest or principal. Such non-payment could result in a reduction of income, a reduction in the value of the investment and a potential decrease in the NAV of the Fund. Risk of loss of income is generally higher for subordinated unsecured loans or debt, which are not backed by a security interest in any specific collateral. There can be no assurance that the liquidation of any collateral securing a Loan would satisfy the Borrower's obligation to the Fund in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated.

Second lien loans generally are subject to similar risks as those associated with investments in first lien loans except that such loans are subordinated in payment and/or lower in lien priority to first lien holders. In the event of default on a second lien loan, the first priority lien holder has first claim to the underlying collateral of the loan. Second lien loans are subject to the additional risk that the cash flow of the Borrower and property securing the loan or debt, if any, may be insufficient to meet scheduled payments after giving effect to the senior obligations of the Borrower. At September 30, 2025, BGB had invested $20,533,478 in second lien secured loans. Second lien secured loans are considered Senior Secured Loans for BGB.

Loans can be rated below investment grade or may also be unrated. As a result, the risks associated with Loans may be similar to the risks of other below investment grade securities, although they are senior and secured in contrast to other below investment grade securities, which are often subordinated or unsecured. The Fund typically invests in Loans rated below investment grade, which are considered speculative because of the credit risk of the Borrowers. Such companies are more likely than investment grade issuers to default on their payments of interest and principal owed to the Fund, and such defaults could reduce NAV and income distributions. The amount of public information available with respect to below investment grade loans will generally be less extensive than that available for registered or exchange-listed securities. In evaluating the creditworthiness of Borrowers, the Adviser will consider, and may rely in part on, analyses performed by others. The Adviser's established best execution procedures and guidelines require trades to be placed for execution only with broker-dealer counterparties approved by the Counterparty Committee of the Adviser. The factors considered by the Counterparty Committee when selecting and approving brokers and dealers include, but are not limited to: (i) quality, accuracy, and timeliness of execution, (ii) review of the reputation, financial strength and stability of the financial institution, (iii) willingness and ability of the counterparty to commit capital, (iv) ongoing reliability and (v) access to underwritten offerings and secondary markets. The Counterparty Committee regularly reviews each broker-dealer counterparty based on the foregoing factors.

BGB may acquire Loans through assignments or participations. BGB typically acquires these Loans through assignment, and if BGB acquires a Loan through participation, it will seek to elevate a participation interest into an assignment as soon as practicably possible. The purchaser of an assignment typically succeeds to all the rights and obligations of the assigning institution and becomes a lender under the credit agreement with respect to the debt obligation. A participation typically results in a contractual relationship only with the institution participating out the interest, not with the Borrower. Sellers of participations typically include banks, broker-dealers, other financial institutions and lending institutions. The Adviser has adopted best execution procedures and guidelines which seek to mitigate credit and counterparty risk in the atypical situation when BGB must acquire a Loan through a participation.

**NOTE 4. GENERAL COMMITMENTS AND CONTINGENCIES**

As of September 30, 2025, BGB had unfunded loan commitments outstanding, which could be extended at the option of the borrower, as detailed below:

---

| | | | |
|:---|:---|:---|:---|
| <br>**Borrower** |<br>**Par Value** |<br>**Fair Value** | **Unrealized**<br>**Appreciation / (Depreciation)** |
| Azuria Water Solution Inc., First Lien Term Loan | $154987 | $155374 | $387 |
| Clydesdale Acquisition Holdings, Inc., First Lien Term Loan | 83479 | 83444 | 573 |
| Cohnreznick Advisory LLC., First Lien Term Loan | 431169 | 432518 | 3386 |
| Hanger Inc., First Lien Term Loan | 146149 | 146642 | 493 |
| June Purchaser/Janney Montgomery 9/24 Delayed TL 1., First Lien Term Loan | 173663 | 174388 | 723 |
| Kaman 1/25 Delayed TL 1L., First Lien Term Loan | 189879 | 189489 | 224 |
| R1 RCM 10/24 Cov-Lite., First Lien Term Loan | 8694 | 8701 | 1 |
| Secretariat Advisors LLC., First Lien Term Loan | 105357 | 105687 | 839 |
| Total | $1293377 | $1296243 | $6626 |

---

Unfunded loan commitments are marked to market on the relevant day of the valuation in accordance with BGB's valuation policies. For the period ended September 30, 2025, BGB recorded a net decrease in unrealized appreciation on unfunded loan commitments totaling $13,139.

**NOTE 5. LEVERAGE**

The Fund terminated its previously existing leverage facility and entered into a new, separate Credit Agreement (the "Agreement"), dated December 24, 2024, with a new lender to borrow up to a limit of $315 million pursuant to an evergreen revolving line of credit (the "Leverage Facility"). The Leverage Facility does not have a scheduled maturity date, but can be terminated (i) by the Fund upon at least three (3) business days' written notice to the lender under the Leverage Facility or (ii) by such lender on the latest to occur of (a) the 365th day after the initial closing date of the Leverage Facility, (b) the 270th day after such lender delivers a notice of termination to the Fund or (c) a later date specified by such lender in the notice of termination. Borrowings under the Agreement are secured by the assets of the Fund.

Interest on outstanding revolving loans under the Leverage Facility is currently charged at a rate of 1.15% above adjusted term SOFR, with either a one (1) month interest period or three (3) month interest period as elected by the Fund. The Fund may also elect to borrow daily interest rate loans based on a customary alternate base rate.

Under the terms of the Agreement, the Fund must pay a commitment fee on any undrawn amounts, currently in an amount equal to 0.15% on the undrawn amounts when drawn amounts equal or exceed 75% of the borrowing limit and 0.25% on the undrawn amounts at any other time. Interest is generally payable at the end of the respective interest period and fees are generally payable after the end of each calendar quarter. At September 30, 2025, BGB had borrowings outstanding under its Leverage Facility of $281,000,000, at an interest rate of 5.47%. Due to the short term nature of the Agreement, face value approximates fair value at September 30, 2025. This fair value is based on Level 2 inputs under the three-tier fair valuation hierarchy (see Note 2). For the period ended September 30, 2025, the average borrowings under BGB's Leverage Facility and the weighted average interest rate were $285,216,117 and 5.53%, respectively. During the period ended September 30, 2025, the Fund incurred $59,772 for commitment fees on undrawn amounts.

On July 27, 2016, BGB issued 45,000 7-year mandatory redeemable preferred shares (the "Series A MRPS") with a total liquidation value of $45,000,000. As of February 11, 2021, the Series A MRPS were rated "AA" by Fitch Ratings. On February 12, 2021, Fitch Ratings downgraded the ratings on the Series A MRPS to "A". The downgrade was driven by changes to Fitch Ratings' rating criteria for closed-end funds, rather than by any fundamental changes to the Fund's credit profile. The dividend rate on the Fund's Series A MRPS would have increased if the credit rating for the Fund were downgraded below "A" by Fitch Ratings or the equivalent rating of other nationally recognized statistical ratings organizations. BGB used the proceeds of the offering to make additional investments for BGB's portfolio. The final redemption date of the Series A MRPS was July 27, 2023, and on that date, BGB redeemed all of its outstanding Series A MRPS at liquidation value in the amount of $45,000,000. Prior to redemption, BGB made quarterly dividend payments on the Series A MRPS at an annual dividend rate of 3.61%. On July 25, 2023 BGB issued 45,000 4-year mandatory redeemable preferred shares (the "Series B MRPS" and together with the Series A MRPS, the "MRPS") with a par value of $0.001 per share and a total liquidation value of $45,000,000. As of July 25, 2023, the Series B MRPS were rated "A" by Fitch Ratings. The Series B MRPS are redeemable on July 25, 2027 and pay quarterly distributions at an annual dividend rate of 6.60%. The dividend rate on the Fund's Series B MRPS will increase if the Fund's credit rating is downgraded below "A" by Fitch Ratings or the equivalent rating of other nationally recognized statistical ratings organizations. BGB used substantially all of the proceeds of the offering to fund the redemption payment for the Series A MRPS. Due to the terms of the Series B MRPS, face value approximates fair value at September 30, 2025. This fair value is based on Level 2 inputs under the three-tier fair valuation hierarchy (see Note 2).

Under the Agreement and the governing documents of the Series B MRPS, the Fund has agreed to certain covenants and additional investment limitations while the leverage is outstanding. The Fund has agreed to maintain asset coverage of three times over borrowings and 225% asset coverage over borrowings plus Series B MRPS. Compliance with the investment restrictions and calculations are performed by the Fund's custodian, The Bank of New York Mellon. As of September 30, 2025, the Fund was in compliance with all required investment limitations and asset coverage requirements related to its leverage.

The use of borrowings to leverage the common shares of the Fund can create risks. Changes in the value of the Fund's portfolio, including securities bought with the proceeds of leverage, are borne entirely by the holders of common shares of the Fund. All costs and expenses related to any form of leverage used by the Fund are borne entirely by common shareholders. If there is a net decrease or increase in the value of the Fund's investment portfolio, the leverage may decrease or increase, as the case may be, the NAV per common share to a greater extent than if the Fund did not utilize leverage. During periods when BGB is using leverage, the fees paid to the Adviser for advisory services and to ALPS for administrative services are higher than if BGB did not use leverage because the fees paid are calculated on the basis of BGB's Managed Assets, which include the assets purchased through leverage. As of September 30, 2025, BGB's leverage represented 31.55% of the Fund's Managed Assets. The leverage amounts in BGB include 5.05% of Managed Assets attributable to the "Series B" MRPS.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Blackstone Strategic Credit 2027 Term Fund

- **b. Investment Company Act file number:** 811-22686

- **c. CIK number of Registrant:** 0001546429

- **d. LEI of Registrant:** 549300YESIF051NRED20

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

  - **Street Address 1:** 345 PARK AVENUE 31st FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10154

  - **Telephone number:** 8778761121

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

- **a. Name of Series:** Blackstone Strategic Credit 2027 Term Fund

- **c. LEI of Series:** 549300YESIF051NRED20

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $952685626.16

**Total Liabilities:** $388187476.34

**Net Assets:** $564498149.82

**Delayed Delivery Securities:** $1468028.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 88.33628300 | **5-Year:** 1461.81802800 | **10-Year:** 742.48848600 | **30-Year:** 0.00000000

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

- **3-Month:** 286.55215000 | **1-Year:** 37341.39533200 | **5-Year:** 101208.36804200 | **10-Year:** 12871.55426600 | **30-Year:** 49.42019800

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 3.13%                | 2.26%                | -2.79%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1465476.14             | $3282350.53                                |
| Month 2  | $-1292957.93             | $381034.59                                 |
| Month 3  | $-1921767.51             | $257249.24                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AG Group Holdings                                 | AG Group Holdings, Inc.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3885590 | PA      | $3451375.26   | 0.61%             | 2028-12-29      | Floating      | 12.65%                | No            |                  2 | On Loan: No      |
| Precisely Software Incorporated                   | Vision Solutions, Inc.                                                           | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3615328 | PA      | $3503252.97   | 0.62%             | 2028-04-24      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc                                    | Gray Media, Inc.                                                                 | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $768750.00    | 0.14%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc            | Project Alpha (Qlik)                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4756433 | PA      | $4775077.91   | 0.85%             | 2030-10-26      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| Transocean Inc                                    | Transocean International, Ltd.                                                   | CUSIP: 893830AF6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     80000 | PA      | $74304.35     | 0.01%             | 2031-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Disco Parent Inc                                  | Disco Parent Inc                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GI        |    655319 | PA      | $658595.32    | 0.12%             | 2032-08-02      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Tecta America Corp                                | TECTA AMERICA CORP                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    938159 | PA      | $942849.43    | 0.17%             | 2032-02-18      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Fidelity Treasury Portfolio                       | Fidelity Treasury Portfolio                                                      | CUSIP: 316175504<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    857934 | NS      | $857934.26    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Magenta Security Holdings LLC                     | Magenta Security Holdings, LLC First Out TL 1L                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2918308 | PA      | $2401110.92   | 0.43%             | 2028-07-27      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC              | Prime Sec Services Borrower LLC                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2770770 | PA      | $2748908.62   | 0.49%             | 2032-03-07      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Brandywine Oper Partners                          | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |   1408000 | PA      | $1529488.82   | 0.27%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Prestige Brands Inc                               | Prestige Brands, Inc.                                                            | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    666000 | PA      | $613935.12    | 0.11%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| White Cap Supply Holding                          | White Cap Buyer LLC                                                              | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |   2043188 | PA      | $2045916.08   | 0.36%             | 2029-10-19      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Flutter Financing Bv                              | Flutter Financing BV                                                             | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   1617644 | PA      | $1615217.78   | 0.29%             | 2030-11-30      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                    | R1 RCM 10/24 Cov-Lite TLB                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    121409 | PA      | $121506.76    | 0.02%             | 2031-11-19      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operatin                          | Hilton Domestic Operating Co., Inc.                                              | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75767.66     | 0.01%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Gray Media Inc                                    | Gray Media, Inc.                                                                 | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    570000 | PA      | $582832.41    | 0.10%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                               | Peer Holding III B.V.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    947743 | PA      | $949818.89    | 0.17%             | 2032-09-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Global Medical Response                           | Global Medical Response, Inc.                                                    | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    298000 | PA      | $306920.63    | 0.05%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| St. George's University Scholastic Services LLC   | St. George's University Scholastic Services LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2006600 | PA      | $1979219.90   | 0.35%             | 2029-02-10      | Floating      | 9.65%                 | No            |                  2 | On Loan: No      |
| Zuora Inc                                         | Zuora 12/24 Cov-Lite TLB                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1890000 | PA      | $1880313.75   | 0.33%             | 2032-02-14      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Ion Trading Technologies Sa                       | ION Trading Technologies Sarl                                                    | CUSIP: L5582BAZ0<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | LON              | CORP              | LU        |   5110278 | PA      | $5115874.23   | 0.91%             | 2028-04-01      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| Imagine Learning  LLC                             | Imagine Learning LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3209375 | PA      | $2788353.14   | 0.49%             | 2029-12-21      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Pmhc Ii Inc                                       | Vibrantz Technologies, Inc.                                                      | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | LON              | CORP              | US        |   2487212 | PA      | $2015897.99   | 0.36%             | 2029-04-21      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| CohnReznick Advisory LLC                          | COHNREZNICK ADVISORY LLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1862649 | PA      | $1868479.44   | 0.33%             | 2032-03-31      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Vaco Holdings LLC                                 | Vaco Holdings, LLC                                                               | CUSIP: N/A<br>LEI: 54930076HTNXBP03T379       | Long             | LON              | CORP              | US        |   4546162 | PA      | $3927565.42   | 0.70%             | 2029-01-21      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I/hilcorp                          | Hilcorp Energy I LP / Hilcorp Finance Co.                                        | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    280000 | PA      | $294269.64    | 0.05%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Action Environmental Gro                          | Action Environmental Group, Inc.                                                 | CUSIP: 00507JAF3<br>LEI: 549300BB30QUQC86W666 | Long             | LON              | CORP              | US        |   4846558 | PA      | $4852615.80   | 0.86%             | 2030-10-24      | Floating      | 7.25%                 | No            |                  3 | On Loan: No      |
| American Greetings Corp                           | American Greetings Corp.                                                         | CUSIP: 02639DAN6<br>LEI: 549300WMJOT8C9DNMF90 | Long             | LON              | CORP              | US        |   2666714 | PA      | $2678381.32   | 0.47%             | 2029-10-30      | Floating      | 9.91%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Stonepeak Bayou Holdings LP                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    773914 | PA      | $773914.26    | 0.14%             | 2032-09-24      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Sandisk Corp                                      | SanDisk 12/24 Cov-Lite                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3131350 | PA      | $3141151.40   | 0.56%             | 2032-02-20      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust                           | Starwood Property Trust, Inc.                                                    | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72482.69     | 0.01%             | 2030-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| US Fertility Enterprises LLC                      | US Fertility 10/24 Delayed TL 1L                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     43717 | PA      | $43880.46     | 0.01%             | 2031-10-11      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings Inc                                | Osaic Holdings, Inc.                                                             | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    121000 | PA      | $125072.38    | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Encompass Health Corp                             | Encompass Health Corp.                                                           | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   1718000 | PA      | $1704867.44   | 0.30%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tricorbraun Holdings, Inc.                        | Tricorbraun Holdings, Inc.                                                       | CUSIP: N/A<br>LEI: 2549009AB5YVVW5J1U62       | Long             | LON              | CORP              | US        |   2529008 | PA      | $2519904.02   | 0.45%             | 2028-03-03      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Enova International Inc                           | Enova International, Inc.                                                        | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1923381.24   | 0.34%             | 2029-08-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Goodyear Tire & Rubber                            | Goodyear Tire & Rubber Co.                                                       | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    764000 | PA      | $775799.41    | 0.14%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car/finance                           | Avis Budget Car Rental LLC / Avis Budget Finance, Inc.                           | CUSIP: 053773BJ5<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |   2379000 | PA      | $2469782.64   | 0.44%             | 2030-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Signia Aerospace LLC                              | Signia Aerospace LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     95476 | PA      | $95773.97     | 0.02%             | 2031-12-11      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| Onemain Finance Corp                              | OneMain Finance Corp.                                                            | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    339000 | PA      | $343557.86    | 0.06%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Dechra Pharmaceuticals Holdings Limited           | Dechra Pharmaceuticals                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    897750 | PA      | $900744.00    | 0.16%             | 2032-01-27      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Rvr Dealership Holdings                           | RVR Dealership Holdings LLC                                                      | CUSIP: 75001CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4354855 | PA      | $4126835.10   | 0.73%             | 2028-02-08      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Alterra Mountain Co                               | Alterra Mountain Co                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    334436 | PA      | $335482.81    | 0.06%             | 2030-05-31      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment PLC                         | Flutter Entertainment Public Limited                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |    571767 | PA      | $572046.79    | 0.10%             | 2032-06-04      | Floating      | 10.63%                | No            |                  2 | On Loan: No      |
| Baytex Energy Corp                                | Baytex Energy Corp.                                                              | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   1626000 | PA      | $1673071.07   | 0.30%             | 2030-04-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Fortress Intermediate 3 Inc                       | Fortress Intermediate 3 Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4670850 | PA      | $4700042.32   | 0.83%             | 2031-06-27      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Harvest Midstream I Lp                            | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71737.40     | 0.01%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation Llc                              | Alpha Generation LLC                                                             | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |   3430659 | PA      | $3430230.31   | 0.61%             | 2031-09-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concret                          | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    510000 | PA      | $539035.70    | 0.10%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Albion Financing 1sarl /                          | Albion Financing 1 SARL / Aggreko Holdings, Inc.                                 | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |    392000 | PA      | $406425.60    | 0.07%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Fortis 333 Inc                                    | Fortis 333 Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |   1260000 | PA      | $1255275.00   | 0.22%             | 2032-03-27      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Altar Bidco Inc                                   | Altar Bidco, Inc.                                                                | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4324125 | PA      | $4329076.41   | 0.77%             | 2029-02-01      | Floating      | 11.37%                | No            |                  2 | On Loan: No      |
| Navient Corp                                      | Navient Corp.                                                                    | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    508000 | PA      | $535182.06    | 0.09%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Virgin Media Finance Plc                          | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    357000 | PA      | $331896.72    | 0.06%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car/finance                           | Avis Budget Car Rental LLC / Avis Budget Finance, Inc.                           | CUSIP: 053773BK2<br>LEI: 529900E95812SYWMCE44 | Long             | DBT              | CORP              | US        |    341000 | PA      | $356954.03    | 0.06%             | 2032-06-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| SolarWinds Holdings Inc                           | STARLIGHT PARENT LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2740066 | PA      | $2695540.15   | 0.48%             | 2032-04-16      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Buckeye Partners LP                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1600093 | PA      | $1603813.29   | 0.28%             | 2032-09-27      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Tidewater Inc                                     | Tidewater, Inc.                                                                  | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |   1206000 | PA      | $1294194.44   | 0.23%             | 2030-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Cushman & Wakefield U.S. Borrower, LLC            | Cushman & Wakefield US Borrower LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    697377 | PA      | $699995.83    | 0.12%             | 2030-01-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc               | Clydesdale Acquisition Holdings, Inc.                                            | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   4922659 | PA      | $4920640.71   | 0.87%             | 2032-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Jefferson Capital Holdin                          | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $429144.95    | 0.08%             | 2030-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Precision Drilling Corp                           | Precision Drilling Corp.                                                         | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |    840000 | PA      | $845138.28    | 0.15%             | 2029-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc                                 | Post Holdings, Inc.                                                              | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1965000 | PA      | $1896553.94   | 0.34%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Atlas CC Acquisition Corp                         | ATLAS CC ACQUISITION CORP                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    598524 | PA      | $347332.30    | 0.06%             | 2029-05-29      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Prospect Capital Corp                             | Prospect Capital Corp.                                                           | CUSIP: 74348TAW2<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    680000 | PA      | $612448.80    | 0.11%             | 2028-10-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Valvoline Inc                                     | Valvoline, Inc.                                                                  | CUSIP: 92048DAF9<br>LEI: 549300CMHPBEY6VPOT75 | Long             | LON              | CORP              | US        |   1018985 | PA      | $1023656.66   | 0.18%             | 2032-03-19      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                          | Allison Transmission, Inc.                                                       | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1733713.33   | 0.31%             | 2031-01-30      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MX Holdings US                                    | Minimax Viking GmbH                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |    928208 | PA      | $930528.65    | 0.16%             | 2032-03-17      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Viavi Solutions Inc                               | Viavi Solutions Inc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    595685 | PA      | $598044.02    | 0.11%             | 2032-06-11      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Uwm Holdings Llc                                  | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $223995.90    | 0.04%             | 2030-02-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Outcomes Group Holdings                           | OUTCOMES GROUP HOLDING INC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1996898 | PA      | $2010446.87   | 0.36%             | 2031-05-06      | Floating      | 10.14%                | No            |                  2 | On Loan: No      |
| Arbor Realty Sr Inc                               | Arbor Realty SR, Inc.                                                            | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    258000 | PA      | $271382.95    | 0.05%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Wildfire Intermediate Ho                          | Wildfire Intermediate Holdings LLC                                               | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    280000 | PA      | $283605.00    | 0.05%             | 2029-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Cloudera, Inc.                                    | Cloudera, Inc.                                                                   | CUSIP: N/A<br>LEI: 549300PGONC4JOI0RG62       | Long             | LON              | CORP              | US        |   3178603 | PA      | $3135548.59   | 0.56%             | 2028-10-08      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| Burford Capital Glbl Fin                          | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    569000 | PA      | $605311.30    | 0.11%             | 2031-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| American Airlines Inc                             | American Airlines, Inc.                                                          | CUSIP: 02376CAX3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    893096 | PA      | $891609.24    | 0.16%             | 2027-01-29      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| Rocket Software Inc                               | Rocket Software, Inc.                                                            | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |    259062 | PA      | $259925.79    | 0.05%             | 2028-11-28      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                          | Cloud Software Group, Inc.                                                       | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1555585.28   | 0.28%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Saphilux Sarl                                     | Saphilux Sarl                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    315430 | PA      | $317104.53    | 0.06%             | 2028-07-18      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| TTF Holdings LLC                                  | TTF Holdings LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3532868 | PA      | $3356225.01   | 0.59%             | 2031-07-18      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I/hilcorp                          | Hilcorp Energy I LP / Hilcorp Finance Co.                                        | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    630000 | PA      | $604824.38    | 0.11%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications                          | Univision Communications, Inc.                                                   | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1136819.20   | 0.20%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Apex Group Treasury Llc                           | Apex Group Treasury LLC                                                          | CUSIP: G0472CAK1<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |   3917811 | PA      | $3839454.69   | 0.68%             | 2032-02-27      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| Acuren Delaware Holdco Inc                        | Acuren Delaware Holdco, Inc.                                                     | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    478555 | PA      | $480230.04    | 0.09%             | 2031-07-31      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| Padagis LLC                                       | Padagis LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2078664 | PA      | $1860404.53   | 0.33%             | 2028-07-06      | Floating      | 9.29%                 | No            |                  2 | On Loan: No      |
| Griffon Corporation                               | Griffon Corp.                                                                    | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1421669.92   | 0.25%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Boyd Gaming Corp                                  | Boyd Gaming Corp.                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48241.81     | 0.01%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp                                | Rithm Capital Corp.                                                              | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1475045.28   | 0.26%             | 2029-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc                                    | Bombardier, Inc.                                                                 | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2242000 | PA      | $2481842.43   | 0.44%             | 2034-05-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Secretariat Advisors Llc                          | Secretariat Advisors LLC                                                         | CUSIP: 81368NAN5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    872278 | PA      | $875007.80    | 0.16%             | 2032-02-28      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| MJH Healthcare Holdings, LLC                      | MJH Healthcare Holdings LLC aka MJH Life Sciences                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1221691 | PA      | $1219785.08   | 0.22%             | 2029-01-29      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Hold                             | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    294000 | PA      | $308400.12    | 0.05%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Lightning Power LLC                               | Lightning Power 8/24 TLB                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4405688 | PA      | $4407626.02   | 0.78%             | 2031-08-18      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Howard Hughes Corp                                | Howard Hughes Corp.                                                              | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $969733.42    | 0.17%             | 2029-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Sabre Glbl Inc                                    | Sabre GLBL, Inc.                                                                 | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160074.56    | 0.03%             | 2029-11-15      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust                           | Starwood Property Trust, Inc.                                                    | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    600000 | PA      | $609605.40    | 0.11%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| KUEHG Corp                                        | KUEHG Corp                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    137487 | PA      | $137558.19    | 0.02%             | 2030-06-12      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Mpt Oper Partnersp/finl                           | MPT Operating Partnership LP / MPT Finance Corp.                                 | CUSIP: 55342UAJ3<br>LEI: 254900U6E39J1MQCCY14 | Long             | DBT              | CORP              | US        |   3639000 | PA      | $3039799.71   | 0.54%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Atlas CC Acquisition Corp                         | ATLAS CC ACQUISITION CORP                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4180031 | PA      | $2425734.54   | 0.43%             | 2029-05-01      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Gip Pilot Acquisition Pa                          | GIP Pilot Acquisition Partners LP                                                | CUSIP: 31773HAE2<br>LEI: 254900NQOAOPPA12X060 | Long             | LON              | CORP              | US        |   1006095 | PA      | $1006724.25   | 0.18%             | 2030-10-04      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                          | Cloud Software Group Inc                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3086528 | PA      | $3099507.14   | 0.55%             | 2032-08-09      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                     | TransDigm, Inc.                                                                  | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102030.90    | 0.02%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Garrett Motion Hld/sarl                           | Garrett Motion Holdings, Inc. / Garrett LX I Sarl                                | CUSIP: 366504AA6<br>LEI: 5493001N1N6Z0SR83G07 | Long             | DBT              | CORP              | US        |   1693000 | PA      | $1777316.48   | 0.31%             | 2032-05-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Buckeye Partners Lp                               | Buckeye Partners LP                                                              | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    700000 | PA      | $691813.64    | 0.12%             | 2028-03-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertain Inc                             | Caesars Entertainment, Inc.                                                      | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   3314649 | PA      | $3311201.50   | 0.59%             | 2031-02-06      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Skopima Consilio Parent                           | Skopima Consilio Parent, LLC                                                     | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |   1849923 | PA      | $1576485.92   | 0.28%             | 2028-05-15      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Jump Financial LLC                                | Jump Financial LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GI        |    165394 | PA      | $166737.80    | 0.03%             | 2032-02-26      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings Inc                          | Warnermedia Holdings, Inc.                                                       | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    935000 | PA      | $857862.50    | 0.15%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Asgn Incorporated                                 | ASGN, Inc.                                                                       | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |    525000 | PA      | $515815.60    | 0.09%             | 2028-05-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaque                             | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    279000 | PA      | $293865.79    | 0.05%             | 2034-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Magenta Security Holdings LLC                     | Magenta Security Holdings, LLC Third Out 1L TL                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    546089 | PA      | $112480.67    | 0.02%             | 2028-07-27      | Floating      | 11.37%                | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                  | Modena Buyer LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1651626 | PA      | $1633342.73   | 0.29%             | 2031-07-01      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| Northern Oil & Gas Inc                            | Northern Oil & Gas, Inc.                                                         | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    355000 | PA      | $367192.48    | 0.07%             | 2031-06-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Synchrony Financial                               | Synchrony Financial                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1577000 | PA      | $1683611.32   | 0.30%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| United Natural Foods Inc                          | United Natural Foods, Inc.                                                       | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    433000 | PA      | $434307.96    | 0.08%             | 2028-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Karman Holdings LLC                               | KARMAN HLDGS LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2142320 | PA      | $2155709.50   | 0.38%             | 2032-04-01      | Floating      | 7.50%                 | No            |                  3 | On Loan: No      |
| ASP Blade Holdings, Inc.                          | ASP BLADE HLDGS INC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1565959 | PA      | $1221839.32   | 0.22%             | 2029-10-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Adapthealth Llc                                   | AdaptHealth LLC                                                                  | CUSIP: 00653VAC5<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |    618000 | PA      | $585101.33    | 0.10%             | 2029-08-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco                           | Allied Universal Holdco LLC                                                      | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   8199763 | PA      | $8239860.32   | 1.46%             | 2032-08-20      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Citco Funding LLC                                 | CITCO FDG LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5600392 | PA      | $5621897.84   | 1.00%             | 2028-04-27      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Slm Corp                                          | SLM Corp.                                                                        | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    631000 | PA      | $658052.48    | 0.12%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Phoenix Newco Inc                                 | Phoenix Newco, Inc.                                                              | CUSIP: 71911KAE4<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |   3500000 | PA      | $3506930.00   | 0.62%             | 2028-11-15      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| Goeasy Ltd                                        | goeasy, Ltd.                                                                     | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $50289.45     | 0.01%             | 2030-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Sunoco Lp                                         | Sunoco LP / Sunoco Finance Corp.                                                 | CUSIP: 86765LAT4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1593000 | PA      | $1555210.07   | 0.28%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BEP Intermediate Holdco, LLC                      | BEP Intermediate Holdco                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1161723 | PA      | $1167537.51   | 0.21%             | 2031-04-28      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Cimpress Plc                                      | Cimpress PLC                                                                     | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    770000 | PA      | $768278.73    | 0.14%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ConnectWise LLC                                   | Connectwise, LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2721795 | PA      | $2730300.49   | 0.48%             | 2028-09-29      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| Sunoco Lp                                         | Sunoco LP / Sunoco Finance Corp.                                                 | CUSIP: 86765KAA7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1031663.00   | 0.18%             | 2028-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd                             | Mineral Resources, Ltd.                                                          | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   1040000 | PA      | $1054108.67   | 0.19%             | 2031-04-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Azuria Water Solutions Inc                        | Azuria Water Solution Inc                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    154987 | PA      | $155374.48    | 0.03%             | 2028-05-17      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ivanti Security Holdings LLC                      | Ivanti Software, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    798403 | PA      | $667065.91    | 0.12%             | 2029-06-01      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Brookfield Resid Propert                          | Brookfield Residential Properties, Inc. / Brookfield Residential US LLC          | CUSIP: 11283YAG5<br>LEI: 549300C2SXDXVIUV3Q14 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $333860.68    | 0.06%             | 2029-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kioxia Holdings Corp                              | Kioxia Holdings Corp.                                                            | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   2596000 | PA      | $2671686.38   | 0.47%             | 2033-07-24      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Pagaya Us Holdings Co                             | Pagaya US Holdings Co. LLC                                                       | CUSIP: 69549FAC3<br>LEI: 254900M9VGE3HM0OYH17 | Long             | DBT              | CORP              | US        |   1029000 | PA      | $960714.23    | 0.17%             | 2030-08-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Patrick Industries Inc                            | Patrick Industries, Inc.                                                         | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    260000 | PA      | $264032.08    | 0.05%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| 1011778 Bc / New Red Fin                          | 1011778 BC ULC / New Red Finance, Inc.                                           | CUSIP: 68245XAH2<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $78194.69     | 0.01%             | 2028-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Ciena Corp                                        | Ciena Corp.                                                                      | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76395.70     | 0.01%             | 2030-01-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Armor Holdco Inc                                  | Armor Holdco, Inc.                                                               | CUSIP: 04225VAH5<br>LEI: 254900X6HLK0YPTHHF09 | Long             | LON              | CORP              | US        |   3311112 | PA      | $3316906.12   | 0.59%             | 2028-12-11      | Floating      | 12.16%                | No            |                  2 | On Loan: No      |
| Synechron Inc                                     | Synechron Inc                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3142125 | PA      | $3134269.69   | 0.56%             | 2031-10-03      | Floating      | 11.79%                | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                        | DAE Aviation 10/24 TLB2                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    141012 | PA      | $141226.03    | 0.03%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Ngl Enrgy Op/fin Corp                             | NGL Energy Operating LLC / NGL Energy Finance Corp.                              | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    320000 | PA      | $328336.96    | 0.06%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Southern Veterinary Partners LLC                  | Southern Veterinary Partners LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    991217 | PA      | $990498.39    | 0.18%             | 2031-12-04      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                             | Freedom Mortgage Corp.                                                           | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    444000 | PA      | $495675.83    | 0.09%             | 2030-10-01      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Coreweave Inc                                     | CoreWeave, Inc.                                                                  | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1179022.22   | 0.21%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Alera Group Inc                                   | Alera Group Inc                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3189598 | PA      | $3205083.69   | 0.57%             | 2032-05-21      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Camelot Us Acquisition Llc                        | Camelot US Acquisition LLC                                                       | CUSIP: L2000AAF7<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |   2500000 | PA      | $2487500.00   | 0.44%             | 2031-01-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Oscar Acquisitionco Llc                           | Oscar Acquisitionco LLC                                                          | CUSIP: 68778DAB4<br>LEI: 254900RDCZK0Q19MEL65 | Long             | LON              | CORP              | US        |   1729974 | PA      | $1619887.14   | 0.29%             | 2029-04-29      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Belron Finance 2019 LLC                           | Belron Finance 2019 LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2098188 | PA      | $2111311.97   | 0.37%             | 2031-10-16      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| Tronox Inc                                        | Tronox, Inc.                                                                     | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    534000 | PA      | $348847.09    | 0.06%             | 2029-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Five Point Operating Co                           | Five Point Operating Co. LP                                                      | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $162463.41    | 0.03%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings Inc                             | QUIKRETE HLDGS INC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4713131 | PA      | $4715534.41   | 0.84%             | 2032-02-10      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group Llc                          | Great Outdoors Group LLC                                                         | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   3455934 | PA      | $3458525.83   | 0.61%             | 2032-01-23      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Delek Log Part/finance                            | Delek Logistics Partners LP / Delek Logistics Finance Corp.                      | CUSIP: 24665FAE2<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   1104000 | PA      | $1123492.36   | 0.20%             | 2033-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Diamond Frgn/diamond Fin                          | Diamond Foreign Asset Co. / Diamond Finance LLC                                  | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    310000 | PA      | $328735.16    | 0.06%             | 2030-10-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Madison Iaq Llc                                   | Madison IAQ LLC                                                                  | CUSIP: 55759VAD0<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   3405987 | PA      | $3426507.67   | 0.61%             | 2032-05-06      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Carriage Services Inc                             | Carriage Services, Inc.                                                          | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    790000 | PA      | $749140.02    | 0.13%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Grp/jsg Fin                           | Jane Street Group / JSG Finance, Inc.                                            | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    720000 | PA      | $748378.30    | 0.13%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Rhp Hotel Ppty/rhp Finan                          | RHP Hotel Properties LP / RHP Finance Corp.                                      | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    367000 | PA      | $360230.06    | 0.06%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                          | SCIH Salt Holdings, Inc.                                                         | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1795489 | PA      | $1799411.86   | 0.32%             | 2029-01-31      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| Freeport LNG Investments LLLP                     | Freeport LNG Investments LLLP                                                    | CUSIP: 35670CAC2<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |   3018164 | PA      | $3023295.27   | 0.54%             | 2028-12-21      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| ITG Communications LLC                            | ITG Communications LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1577000 | PA      | $1560741.13   | 0.28%             | 2031-07-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Wayfair Llc                                       | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   1819000 | PA      | $1880010.44   | 0.33%             | 2029-10-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Turquoise Topco LTD                               | TURQUOISE TOPCO LIMITED                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | JE        |   2454664 | PA      | $2459279.12   | 0.44%             | 2032-08-13      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| US Fertility Enterprises LLC                      | US Fertility 10/24 TLB 1L                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    959353 | PA      | $962950.62    | 0.17%             | 2031-10-11      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Osttra Group Ltd                                  | Osttra Group LTD                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    479260 | PA      | $483252.42    | 0.09%             | 2032-05-03      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc                             | Genesee & WY Inc                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3191481 | PA      | $3182608.78   | 0.56%             | 2031-04-10      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Firstcash Inc                                     | FirstCash, Inc.                                                                  | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10993.18     | 0.00%             | 2030-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Kodiak BP LLC                                     | Kodiak Building Partners                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3297344 | PA      | $3287270.15   | 0.58%             | 2031-12-04      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| Csc Holdings Llc                                  | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    540000 | PA      | $454447.31    | 0.08%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc         | DG Investment Intermediate Holdings 2 Inc                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2767080 | PA      | $2779766.86   | 0.49%             | 2032-07-09      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc                                 | Nexstar Media, Inc.                                                              | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    317000 | PA      | $309668.52    | 0.05%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operation                          | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $622203.08    | 0.11%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Qxo Building Products                             | QXO Building Products, Inc.                                                      | CUSIP: 07368RAJ0<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |    668820 | PA      | $675180.40    | 0.12%             | 2032-04-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Superior Plus/gen Prtnr                           | Superior Plus LP / Superior General Partner, Inc.                                | CUSIP: 86828LAC6<br>LEI: 549300K5Y13GU6TPZJ49 | Long             | DBT              | CORP              | CA        |   1203000 | PA      | $1161577.34   | 0.21%             | 2029-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Transocean Inc                                    | Transocean International, Ltd.                                                   | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   2118000 | PA      | $2089822.59   | 0.37%             | 2029-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Boxer Parent Company Inc                          | BMC Software 7/24 2nd Lien TL                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4012587 | PA      | $3918552.23   | 0.69%             | 2032-07-30      | Floating      | 10.08%                | No            |                  2 | On Loan: No      |
| Transdigm Inc                                     | Transdigm Inc                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1708683 | PA      | $1708768.36   | 0.30%             | 2032-08-13      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                          | Cloud Software Group Inc                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1731271 | PA      | $1739771.62   | 0.31%             | 2032-08-13      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Forvia Se                                         | Forvia SE                                                                        | CUSIP: 31209DAC9<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    261000 | PA      | $264963.00    | 0.05%             | 2033-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco, LLC              | LSF12 Crown US Commercial Bidco, LLC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4296819 | PA      | $4308914.29   | 0.76%             | 2031-12-02      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Onemain Finance Corp                              | OneMain Finance Corp.                                                            | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    281000 | PA      | $289183.00    | 0.05%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                           | Achilles 1/25 TL 1L                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    348120 | PA      | $348561.97    | 0.06%             | 2031-07-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Ryan LLC                                          | Ryan LLC.                                                                        | CUSIP: 23308UAH7<br>LEI: 549300MEVHE2MC7B1Q38 | Long             | LON              | CORP              | US        |   1745306 | PA      | $1750925.68   | 0.31%             | 2030-11-14      | Floating      | 11.30%                | No            |                  2 | On Loan: No      |
| Amerigas Part/fin Corp                            | AmeriGas Partners LP / AmeriGas Finance Corp.                                    | CUSIP: 030981AP9<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |    452000 | PA      | $473577.74    | 0.08%             | 2030-06-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust                           | Starwood Property Trust, Inc.                                                    | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    962000 | PA      | $962604.02    | 0.17%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Taseko Mines Ltd                                  | Taseko Mines, Ltd.                                                               | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    490000 | PA      | $519593.04    | 0.09%             | 2030-05-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Mks Instruments Inc                               | MKS, Inc.                                                                        | CUSIP: 55314NAZ7<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |   2061654 | PA      | $2065736.28   | 0.37%             | 2029-08-17      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Compass Minerals Interna                          | Compass Minerals International, Inc.                                             | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    536000 | PA      | $560670.47    | 0.10%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Open Text Inc                                     | Open Text Holdings, Inc.                                                         | CUSIP: 683720AA4<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | US        |    565000 | PA      | $535929.00    | 0.09%             | 2030-02-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Rithum Holdings Inc                               | Rithum Holdings Inc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1892400 | PA      | $1894178.86   | 0.34%             | 2031-07-02      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Ineos Quattro Finance 2                           | INEOS Quattro Finance 2 PLC                                                      | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $247692.31    | 0.04%             | 2029-03-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Grp/jsg Fin                           | Jane Street Group / JSG Finance, Inc.                                            | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    180000 | PA      | $188941.91    | 0.03%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies Bv                           | Sensata Technologies BV                                                          | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    666000 | PA      | $639934.33    | 0.11%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Usa Com Part/usa Com Fin                          | USA Compression Partners LP / USA Compression Finance Corp.                      | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |   2369000 | PA      | $2444864.86   | 0.43%             | 2029-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                         | Stonepeak Nile Parent LLC                                                        | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    170000 | PA      | $179155.69    | 0.03%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Heartland Dental LLC                              | LX267476 HEARTL TL B 1L USD                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2417226 | PA      | $2416029.63   | 0.43%             | 2032-08-09      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Iris Holding Inc                                  | Iris Holding, Inc.                                                               | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |   4738586 | PA      | $4611876.41   | 0.82%             | 2028-06-28      | Floating      | 9.16%                 | No            |                  2 | On Loan: No      |
| Service Corp Intl                                 | Service Corp. International                                                      | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74200.58     | 0.01%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Jane Street Group Llc                             | Jane Street Group LLC                                                            | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   1989583 | PA      | $1977775.16   | 0.35%             | 2031-12-15      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Credit Acceptanc                                  | Credit Acceptance Corp.                                                          | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1535408.55   | 0.27%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Cengage Learning Inc                              | Cengage Learning, Inc.                                                           | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |   5058039 | PA      | $5051185.59   | 0.89%             | 2031-03-24      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| Csc Holdings Llc                                  | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    110000 | PA      | $79756.82     | 0.01%             | 2028-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operatin                          | Hilton Domestic Operating Co., Inc.                                              | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    989000 | PA      | $1002920.18   | 0.18%             | 2033-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Trucordia Insurance Hold                          | Trucordia Insurance Holdings LLC                                                 | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |   1766266 | PA      | $1772889.32   | 0.31%             | 2032-06-12      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc                                       | Tenneco, Inc.                                                                    | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |   3423993 | PA      | $3361128.48   | 0.60%             | 2028-11-17      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| Dcli Bidco Llc                                    | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    310000 | PA      | $322623.82    | 0.06%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Pbf Holding Co Llc                                | PBF Holding Co. LLC / PBF Finance Corp.                                          | CUSIP: 69318FAM0<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |   1649000 | PA      | $1729606.42   | 0.31%             | 2030-03-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Boots Group Finco LP                              | Boots Group Finco LP                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    646687 | PA      | $649244.63    | 0.12%             | 2032-07-19      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Eisner Advisory Group LLC                         | Eisner Advisory Group LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1819321 | PA      | $1832547.82   | 0.32%             | 2031-02-28      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I/hilcorp                          | Hilcorp Energy I LP / Hilcorp Finance Co.                                        | CUSIP: 431318AV6<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38672.41     | 0.01%             | 2031-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp                                | Rithm Capital Corp.                                                              | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   1119000 | PA      | $1146533.00   | 0.20%             | 2030-07-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| M/i Homes Inc                                     | M/I Homes, Inc.                                                                  | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    615000 | PA      | $588832.86    | 0.10%             | 2030-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Green Infrastructure Partners Inc                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |   1001934 | PA      | $1004127.98   | 0.18%             | 2032-09-18      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                                     | Peraton Corp.                                                                    | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |   5711387 | PA      | $4831490.95   | 0.86%             | 2028-02-01      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd                               | WEC US Holdings Ltd.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1994962 | PA      | $1997864.89   | 0.35%             | 2031-01-27      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Loyalty Ventures Inc                              | Loyalty Ventures Inc                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1353511 | NS      | $13535.11     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cascades Inc/usa Inc                              | Cascades, Inc./Cascades USA, Inc.                                                | CUSIP: 14739LAD4<br>LEI: FPD41G4F3GH7OJ38TS94 | Long             | DBT              | CORP              | CA        |   1243000 | PA      | $1267076.91   | 0.22%             | 2030-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Genesys Cloud Services                            | Genesys Cloud Services, Inc.                                                     | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |    505976 | PA      | $503392.77    | 0.09%             | 2032-01-30      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Ashton Woods Usa/finance                          | Ashton Woods USA LLC / Ashton Woods Finance Co.                                  | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $317986.83    | 0.06%             | 2033-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc                          | Cloud Software Group, Inc.                                                       | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    201000 | PA      | $204816.82    | 0.04%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Lti Holdings Inc                                  | LTI Holdings, Inc.                                                               | CUSIP: 50217UBF3<br>LEI: 5493003GUY3WBOTOAP97 | Long             | LON              | CORP              | US        |   4308576 | PA      | $4352437.26   | 0.77%             | 2029-07-29      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Mueller Water Products                            | Mueller Water Products, Inc.                                                     | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |    947000 | PA      | $912792.86    | 0.16%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| AlixPartners LLP                                  | AlixPartners LLP                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    729069 | PA      | $724967.59    | 0.13%             | 2032-08-12      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Weber-Stephen Products LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    915854 | PA      | $907555.91    | 0.16%             | 2032-09-17      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ivanti Security Holdings LLC                      | Ivanti Software, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1587358 | PA      | $739113.67    | 0.13%             | 2029-06-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc                                    | Gray Media, Inc.                                                                 | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    510000 | PA      | $383460.10    | 0.07%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Csc Holdings Llc                                  | CSC Holdings LLC                                                                 | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    150000 | PA      | $98349.75     | 0.02%             | 2030-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Navient Corp                                      | Navient Corp.                                                                    | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1514000 | PA      | $1674603.61   | 0.30%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance Inc         | Apollo Commercial Real Estate Finance Inc                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    979821 | PA      | $987478.10    | 0.17%             | 2030-06-05      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| Savage Enterprises Llc                            | Savage Enterprises LLC                                                           | CUSIP: 80465JAJ7<br>LEI: 549300OONATO5UYKLU88 | Long             | LON              | CORP              | US        |    963258 | PA      | $965237.99    | 0.17%             | 2032-08-04      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solut                            | Mauser Packaging Solutions Holding Co.                                           | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    800000 | PA      | $808842.40    | 0.14%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Hanger Inc                                        | Hanger, Inc.                                                                     | CUSIP: 41043BAH1<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |   1332060 | PA      | $1336555.50   | 0.24%             | 2031-10-23      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Cvr Energy Inc                                    | CVR Energy, Inc.                                                                 | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   2068000 | PA      | $2115187.62   | 0.37%             | 2029-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Roller Bearing Co Of Ame                          | Roller Bearing Co. of America, Inc.                                              | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1021120.17   | 0.18%             | 2029-10-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Utex Industries Holdings, LLC                     | Utex Industries Holdings, LLC                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      7955 | NC      | $3182.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cvr Partners/cvr Nitroge                          | CVR Partners LP / CVR Nitrogen Finance Corp.                                     | CUSIP: 12663QAC9<br>LEI: 529900LE0OS06MYQRP11 | Long             | DBT              | CORP              | US        |    699000 | PA      | $698413.47    | 0.12%             | 2028-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Herschend Entertainment Co LLC                    | Herschend Entertainment Co LLC                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    779034 | PA      | $782929.55    | 0.14%             | 2032-05-27      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Goeasy Ltd                                        | goeasy, Ltd.                                                                     | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    839000 | PA      | $850884.44    | 0.15%             | 2029-07-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Coral US Co-Borrower LLC                          | Cable & Wireless 1/25 B7                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3833075 | PA      | $3800340.49   | 0.67%             | 2032-02-02      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust                           | Starwood Property Trust, Inc.                                                    | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    750000 | PA      | $788471.42    | 0.14%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Goeasy Ltd                                        | goeasy, Ltd.                                                                     | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   1639000 | PA      | $1632049.59   | 0.29%             | 2030-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Mortgage LLC                    | Starwood Property Mortgage LLC                                                   | CUSIP: 85570DAP7<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |   1042070 | PA      | $1045003.91   | 0.19%             | 2032-08-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| EG America LLC                                    | EG America LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3746267 | PA      | $3772678.53   | 0.67%             | 2028-02-07      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| Rb Global Holdings Inc                            | RB Global Holdings, Inc.                                                         | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1023596.05   | 0.18%             | 2028-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Alta Equipment Group                              | Alta Equipment Group, Inc.                                                       | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65402.00     | 0.01%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                               | Inmar Inc                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    295346 | PA      | $295439.40    | 0.05%             | 2031-10-30      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| Cerdia Finanz Gmbh                                | Cerdia Finanz GmbH                                                               | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    140000 | PA      | $148575.00    | 0.03%             | 2031-10-03      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| New Amentum Pubco                                 | Amentum/Amazon Holdco 7/24 TLB 1L                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1277099 | PA      | $1278497.39   | 0.23%             | 2031-09-29      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Atlanticus Holdings Corp                          | Atlanticus Holdings Corp.                                                        | CUSIP: 04914AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    802000 | PA      | $797589.88    | 0.14%             | 2030-09-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertain Inc                             | Caesars Entertainment, Inc.                                                      | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   1093527 | PA      | $1093236.98   | 0.19%             | 2030-02-06      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| First Advantage Holdings LLC                      | First Advantage Holdings LL                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2528322 | PA      | $2473811.16   | 0.44%             | 2031-10-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Pushpay USA INC                                   | Pushpay USA INC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    236277 | PA      | $238196.85    | 0.04%             | 2031-08-18      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| Tamko Building Products Inc                       | Tamko Building Products LLC                                                      | CUSIP: 87510EAD1<br>LEI: 5493003VQCGZ0AORLH30 | Long             | LON              | CORP              | US        |    728491 | PA      | $731448.79    | 0.13%             | 2030-09-20      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corp                                  | Lamar Media Corp.                                                                | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    638000 | PA      | $620831.64    | 0.11%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Forvia Se                                         | Forvia SE                                                                        | CUSIP: 31209DAA3<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |   1002000 | PA      | $1061452.67   | 0.19%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Adient Global Holdings                            | Adient Global Holdings, Ltd.                                                     | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    282000 | PA      | $292218.30    | 0.05%             | 2033-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Transocean Inc                                    | Transocean International, Ltd.                                                   | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    160000 | PA      | $156921.71    | 0.03%             | 2031-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Zacapa SARL                                       | Ufinet/Zacapa 10/24 TL                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   2377054 | PA      | $2383293.47   | 0.42%             | 2029-03-22      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| MJH Healthcare Holdings, LLC                      | MJH Healthcare Holdings LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2122999 | PA      | $2119687.22   | 0.38%             | 2029-01-29      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| Pbf Holding Co Llc                                | PBF Holding Co. LLC / PBF Finance Corp.                                          | CUSIP: 69318FAJ7<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |    183000 | PA      | $182028.23    | 0.03%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ursa Minor US Bidco LLC aka Rosen                 | Ursa Minor US Bidco LLC aka Rosen                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3823741 | PA      | $3841426.29   | 0.68%             | 2031-03-26      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Abg Intermediate Hldgs 2                          | ABG Intermediate Holdings 2 LLC                                                  | CUSIP: 00076VBM1<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |   2230909 | PA      | $2230451.41   | 0.40%             | 2032-02-13      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Husky Injection Molding Systems Ltd                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |   1459569 | PA      | $1465239.54   | 0.26%             | 2029-02-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Civitas Resources Inc                             | Civitas Resources, Inc.                                                          | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    130000 | PA      | $137410.93    | 0.02%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Webpros Luxembourg Sarl                           | Webpros Luxembourg Sarl                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    858360 | PA      | $863192.47    | 0.15%             | 2031-03-28      | Floating      | 7.98%                 | No            |                  2 | On Loan: No      |
| Prog Holdings Inc                                 | PROG Holdings, Inc.                                                              | CUSIP: 74319RAA9<br>LEI: 549300DHYTLBOVRXIG52 | Long             | DBT              | CORP              | US        |    810000 | PA      | $796161.15    | 0.14%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Oi European Group Bv                              | OI European Group BV                                                             | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    630000 | PA      | $601778.39    | 0.11%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Nouryon Finance Bv                                | Nouryon Finance BV                                                               | CUSIP: N8232NAL1<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |   2695270 | PA      | $2703140.22   | 0.48%             | 2028-04-03      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                               | TransDigm Inc                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2011023 | PA      | $2011314.13   | 0.36%             | 2030-03-22      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Informatio                          | Iron Mountain Information Management LLC                                         | CUSIP: 46284NAV1<br>LEI: 5493009M0X1LQXGBWV02 | Long             | LON              | CORP              | US        |   3296040 | PA      | $3302220.40   | 0.58%             | 2031-01-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Voyager Parent LLC                                | VOYAGER PARENT LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2394000 | PA      | $2401792.47   | 0.43%             | 2032-05-08      | Floating      | 12.43%                | No            |                  2 | On Loan: No      |
| Nrg Energy Inc                                    | NRG Energy 3/24 Cov-Lite                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3647261 | PA      | $3651711.00   | 0.65%             | 2031-04-16      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Arcline Fm Holdings Llc                           | Arcline FM Holdings LLC                                                          | CUSIP: 03960DAH6<br>LEI: 2549000HKCEC1E8UTO17 | Long             | LON              | CORP              | US        |    779319 | PA      | $780659.58    | 0.14%             | 2030-06-23      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Pediatric Associates Hol                          | Pediatric Associates Holding Co. LLC                                             | CUSIP: 70533DAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1973659 | PA      | $1892018.86   | 0.34%             | 2028-12-29      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Echostar Corp                                     | EchoStar Corp.                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1222054.50   | 0.22%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Beazer Homes Usa                                  | Beazer Homes USA, Inc.                                                           | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     77000 | PA      | $78122.20     | 0.01%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Lsf11 Trinity Bidco Inc                           | LSF11 Trinity Bidco, Inc.                                                        | CUSIP: 50221BAG8<br>LEI: 2549000M6VOEWVW5JU51 | Long             | LON              | CORP              | US        |    233054 | PA      | $233491.17    | 0.04%             | 2030-06-17      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Snacking Investments Us                           | Snacking Investments BidCo Pty, Ltd.                                             | CUSIP: Q8531PAE7<br>LEI: 549300W8K88D3SM86Y18 | Long             | LON              | CORP              | US        |   1728627 | PA      | $1740243.29   | 0.31%             | 2026-12-18      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Oeg Borrower Llc                                  | Opry Entertainment/OEG                                                           | CUSIP: 67115HAG8<br>LEI: 254900UUVX9EYPUMP391 | Long             | LON              | CORP              | US        |   1082250 | PA      | $1090366.80   | 0.19%             | 2031-06-30      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                               | Peer Hldg III BV                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |   1636935 | PA      | $1640691.34   | 0.29%             | 2031-07-01      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Barentz International B.V.                        | Barentz Intl BV                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |   1995000 | PA      | $1999738.13   | 0.35%             | 2031-03-03      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                             | Mineral Resources, Ltd.                                                          | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    750000 | PA      | $780742.50    | 0.14%             | 2030-05-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Wasserman Media Group LLC                         | WASSERMAN MEDIA GROUP LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    315096 | PA      | $316673.37    | 0.06%             | 2032-06-14      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-cliffs Inc                              | Cleveland-Cliffs, Inc.                                                           | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    610000 | PA      | $623218.70    | 0.11%             | 2033-05-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Plano HoldCo Inc                                  | Perficient/Plano 8/24 TLB 1L                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4156663 | PA      | $4073529.72   | 0.72%             | 2031-10-02      | Floating      | 7.50%                 | No            |                  3 | On Loan: No      |
| Pitney Bowes Inc                                  | Pitney Bowes, Inc.                                                               | CUSIP: 724479AQ3<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1494994.41   | 0.26%             | 2029-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Central Parent Llc                                | Central Parent LLC                                                               | CUSIP: 15477BAE7<br>LEI: 5493000L10CYRTHIJ385 | Long             | LON              | CORP              | US        |   4680089 | PA      | $4060188.16   | 0.72%             | 2029-07-06      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Hudson River Trading Llc                          | Hudson River Trading LLC                                                         | CUSIP: 44413EAJ7<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |   2536029 | PA      | $2543053.67   | 0.45%             | 2030-03-18      | Floating      | 10.22%                | No            |                  2 | On Loan: No      |
| Ziprecruiter Inc                                  | ZipRecruiter, Inc.                                                               | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |    996000 | PA      | $802735.26    | 0.14%             | 2030-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Titan International Inc                           | Titan International, Inc.                                                        | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50101.85     | 0.01%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Nassau Companies Of Ny                            | Nassau Cos. of New York                                                          | CUSIP: 63155AAA6<br>LEI: 549300Q3ENSFI87YLC32 | Long             | DBT              | CORP              | US        |    257000 | PA      | $262695.12    | 0.05%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SupplyOne Inc                                     | Supplyone 3/24                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2211657 | PA      | $2224440.82   | 0.39%             | 2031-04-19      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Sanders Industries Holdings Inc                   | Kaman 1/25 Delayed TL 1L                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    210043 | PA      | $209611.70    | 0.04%             | 2032-02-26      | Floating      | 3.39%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Project Aurora US Finco Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    686890 | PA      | $689036.69    | 0.12%             | 2032-09-27      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Belfor Holdings Inc                               | Belfor Holdings Inc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    778066 | PA      | $782446.65    | 0.14%             | 2030-11-04      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| Cleveland-cliffs Inc                              | Cleveland-Cliffs, Inc.                                                           | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    539000 | PA      | $555741.35    | 0.10%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Ait Worldwide Logistic H                          | AIT Worldwide Logistics Holdings, Inc.                                           | CUSIP: 00145AAE3<br>LEI: 254900VTA1PQ24OMBP16 | Long             | LON              | CORP              | US        |   1293682 | PA      | $1298403.56   | 0.23%             | 2030-04-08      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| Macy's Retail Hldgs Llc                           | Macy's Retail Holdings LLC                                                       | CUSIP: 55616XAM9<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |    280000 | PA      | $245834.82    | 0.04%             | 2034-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Asurion Llc                                       | Asurion LLC                                                                      | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1837164 | PA      | $1793531.36   | 0.32%             | 2028-01-31      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corp                     | Olympus Water US Holding Corp                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    565008 | PA      | $561782.22    | 0.10%             | 2032-07-26      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SAZERAC CO INC                                    | SAZERAC CO INC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1775430 | PA      | $1788257.95   | 0.32%             | 2032-06-25      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc            | Project Alpha (Qlik)                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    812463 | PA      | $808400.94    | 0.14%             | 2033-05-09      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| LJ Ruby Holdings LLC                              | Kaman 1/25 Cov-Lite TLB                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2226460 | PA      | $2221884.17   | 0.39%             | 2032-02-26      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Froneri US Inc                                    | FRONERI INTL LTD                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |   1955289 | PA      | $1953500.34   | 0.35%             | 2032-07-16      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Total Safety Holdings LLC                         | Total Safety Holdings, LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2951 | NS      | $1106625.00   | 0.20%             |  |  |  | No            |                  3 | On Loan: No      |
| Stubhub Holdco Sub Llc                            | StubHub Holdco Sub LLC                                                           | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |   2299707 | PA      | $2285334.29   | 0.40%             | 2030-03-15      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| Diversified Healthcare T                          | Diversified Healthcare Trust                                                     | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1517132.37   | 0.27%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DTI Holdco, Inc.                                  | DTI Holdco Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1125007 | PA      | $1005480.39   | 0.18%             | 2029-04-26      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Pra Group Inc                                     | PRA Group, Inc.                                                                  | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    127000 | PA      | $129998.34    | 0.02%             | 2028-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Restoration Hardware, Inc.                        | Restoration Hardware, Inc. TLB 1L                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2487080 | PA      | $2426631.62   | 0.43%             | 2028-10-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                | Ally Financial, Inc.                                                             | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    870000 | PA      | $906737.66    | 0.16%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| 1011778 Bc Ulc                                    | 1011778 BC UNLIMITED LIABILITY CO                                                | CUSIP: C6901LAM9<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   2567890 | PA      | $2562536.24   | 0.45%             | 2030-09-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Clean Harbors Inc                                 | Clean Harbors, Inc.                                                              | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    273000 | PA      | $275600.55    | 0.05%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Merlin Buyer Inc.                                 | Bettcher Industries, Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3558744 | PA      | $3576537.45   | 0.63%             | 2028-12-14      | Floating      | 8.00%                 | No            |                  3 | On Loan: No      |
| American Airlines Inc                             | American Airlines, Inc.                                                          | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |   2667956 | PA      | $2667396.16   | 0.47%             | 2028-02-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| S&S Holdings LLC                                  | S&S Holdings LLC                                                                 | CUSIP: 78524HAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1912651 | PA      | $1909236.81   | 0.34%             | 2028-03-11      | Floating      | 14.22%                | No            |                  2 | On Loan: No      |
| N/A                                               | Global Medical Response Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9045229 | PA      | $9058163.42   | 1.60%             | 2032-09-01      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                     | TransDigm, Inc.                                                                  | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    360000 | PA      | $364947.45    | 0.06%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Proampac Pg Borrower Llc                          | ProAmpac PG Borrower LLC                                                         | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   1351741 | PA      | $1358499.55   | 0.24%             | 2028-09-15      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| Project Boost Purchaser, LLC                      | Project Boost Purchaser, LLC aka JD Power/Autodata                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    974979 | PA      | $973390.09    | 0.17%             | 2031-07-16      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc               | Clydesdale Acquisition Holdings, Inc.                                            | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |     86060 | PA      | $86025.19     | 0.02%             | 2032-04-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CPI Holdco B LLC                                  | CPI Holdco B LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3352104 | PA      | $3352104.25   | 0.59%             | 2031-05-17      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Aston Martin Capital Hol                          | Aston Martin Capital Holdings, Ltd.                                              | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |   1730000 | PA      | $1695392.73   | 0.30%             | 2029-03-31      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Goeasy Ltd                                        | goeasy, Ltd.                                                                     | CUSIP: 380355AR8<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    960000 | PA      | $930700.13    | 0.16%             | 2031-02-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Cotiviti Corporation                              | Cotiviti, Inc.                                                                   | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   1892400 | PA      | $1861648.50   | 0.33%             | 2032-03-26      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Access CIG LLC                                    | ACCESS CIG LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3381256 | PA      | $3395592.16   | 0.60%             | 2032-08-01      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust                           | Starwood Property Trust, Inc.                                                    | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    850000 | PA      | $879867.59    | 0.16%             | 2030-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Antero Midstream Part/fi                          | Antero Midstream Partners LP / Antero Midstream Finance Corp.                    | CUSIP: 03690AAH9<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209384.64    | 0.04%             | 2029-06-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Virtusa Corp                                      | Virtusa Corp.                                                                    | CUSIP: 92828KAP7<br>LEI: C77OMXDER63WLJCSKT03 | Long             | LON              | CORP              | US        |   3294318 | PA      | $3261375.00   | 0.58%             | 2029-02-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Hertz Corp/the                                    | Hertz Corp.                                                                      | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    246000 | PA      | $242272.24    | 0.04%             | 2026-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Superannuation and Investments US LLC             | Superannuation and Investments US LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    281038 | PA      | $282829.90    | 0.05%             | 2028-12-01      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Kestra Advisor Services                           | Kestra Advisor Services Holdings A, Inc.                                         | CUSIP: 49255BAK0<br>LEI: 254900WH55RU999OY504 | Long             | LON              | CORP              | US        |    250476 | PA      | $250827.72    | 0.04%             | 2031-03-21      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Socotec US Holding Inc                            | socotec us holding inc                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2023382 | PA      | $2041086.61   | 0.36%             | 2031-06-02      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Cornerstone OnDemand, Inc.                        | Cornerstone OnDemand, Inc.                                                       | CUSIP: N/A<br>LEI: 549300Z402F16H5EGH48       | Long             | LON              | CORP              | US        |   5371407 | PA      | $5187624.02   | 0.92%             | 2028-10-16      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| Dotdash Meredith Inc                              | Dotdash Meredith, Inc.                                                           | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |    270000 | PA      | $267718.50    | 0.05%             | 2032-06-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| ThoughtWorks, Inc.                                | ThoughtWorks, Inc.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    140438 | PA      | $138033.28    | 0.02%             | 2028-03-24      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Viavi Solutions Inc                               | Viavi Solutions, Inc.                                                            | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    840000 | PA      | $794891.75    | 0.14%             | 2029-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Alliance Res Op/finance                           | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp.        | CUSIP: 01879NAC9<br>LEI: 2549007036KGPSVTHP54 | Long             | DBT              | CORP              | US        |    850000 | PA      | $900393.95    | 0.16%             | 2029-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Jetblue Airways Corporation                       | JetBlue Airways Corp. / JetBlue Loyalty LP                                       | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |   1904000 | PA      | $1932801.81   | 0.34%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Novaria Holdings, LLC                             | Novaria Holdings, LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2515831 | PA      | $2522648.96   | 0.45%             | 2031-06-06      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Magnolia Oil Gas/mag Fin                          | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp.              | CUSIP: 559665AB0<br>LEI: 984500CG376B0B99F016 | Long             | DBT              | CORP              | US        |    839000 | PA      | $861627.83    | 0.15%             | 2032-12-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Radiology Partners Inc                            | Radiology Partners Inc                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4524359 | PA      | $4522005.95   | 0.80%             | 2032-06-26      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Cor                          | Gainwell Acquisition Corp.                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3690189 | PA      | $3638526.14   | 0.64%             | 2027-10-01      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| Voyager Parent Llc                                | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    471000 | PA      | $498393.42    | 0.09%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Cube Industrials buyer, Inc.                      | Cube Industrials 10/24                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    912620 | PA      | $917753.01    | 0.16%             | 2031-10-17      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Loire Finco Luxembourg Sarl                       | Loire Finco Luxembourg Sa rl TLB                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   2882832 | PA      | $2894363.37   | 0.51%             | 2030-01-21      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| ENDEAVOR GROUP HOLDINGS INC                       | Endeavor 1/25 Cov-Lite                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4722126 | PA      | $4733341.07   | 0.84%             | 2032-03-24      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| TCP Sunbelt Acquisition Co                        | Sunbelt Transformer 10/24                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    954967 | PA      | $958944.25    | 0.17%             | 2031-10-24      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| MIWD Holdco II LLC                                | Miter Brands Acquisition Holdco Inc.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2712192 | PA      | $2725563.25   | 0.48%             | 2031-03-28      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Bkv Upstream Midstream L                          | BKV Upstream Midstream LLC                                                       | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |    196000 | PA      | $196008.00    | 0.03%             | 2030-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Encore Capital Group Inc                          | Encore Capital Group, Inc.                                                       | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    711000 | PA      | $709375.30    | 0.13%             | 2031-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Trident Tpi Holdings Inc                          | Trident TPI Holdings, Inc.                                                       | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |   2773948 | PA      | $2729162.79   | 0.48%             | 2028-09-15      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                            | TK Elevator Midco GmbH                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   1995000 | PA      | $2002211.93   | 0.35%             | 2030-04-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Cqp Holdco Lp                                     | CQP Holdco LP                                                                    | CUSIP: 12657QAE3<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |   1795500 | PA      | $1797573.80   | 0.32%             | 2030-12-31      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Park River Holdings, Inc.                         | Park River Holdings, Inc.                                                        | CUSIP: N/A<br>LEI: 254900PGY077KWCROT75       | Long             | LON              | CORP              | US        |   1832881 | PA      | $1835172.23   | 0.33%             | 2027-12-28      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Suncoke Energy Inc                                | SunCoke Energy, Inc.                                                             | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    995000 | PA      | $930892.65    | 0.16%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Arsenal Aic Parent Llc                            | Arsenal AIC Parent LLC                                                           | CUSIP: 04287KAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    993554 | PA      | $994795.64    | 0.18%             | 2030-08-18      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| N/A                                               | LX269776 TKO TL B4 1L USD                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    464185 | PA      | $465410.26    | 0.08%             | 2031-11-21      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| Baan Rock Garden Pcl                              | Brock Holdings III Inc.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    164832 | NS      | $0.16         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Taylor Morrison Comm                              | Taylor Morrison Communities, Inc.                                                | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    832000 | PA      | $844318.59    | 0.15%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Utex Industries Holdings, LLC                     | Utex Industries Holdings, LLC                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3182 | NS      | $123501.38    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Owens-brockway                                    | Owens-Brockway Glass Container, Inc.                                             | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    618000 | PA      | $624755.36    | 0.11%             | 2032-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Methanex Corp                                     | Methanex Corp.                                                                   | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $70134.61     | 0.01%             | 2027-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Envision Healthcare Corporation                   | Envision Healthcare Corp. Equity                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     79338 | NS      | $1272714.01   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Rr Donnelley & Sons Co                            | RR Donnelley & Sons Co.                                                          | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    460000 | PA      | $471863.40    | 0.08%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance                                    | Azorra Finance, Ltd.                                                             | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    304000 | PA      | $317312.46    | 0.06%             | 2031-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Shift4 Payments, LLC                              | Shift4 Payments LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1001166 | PA      | $1009926.52   | 0.18%             | 2032-05-10      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| California Resources Crp                          | California Resources Corp.                                                       | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    777000 | PA      | $772136.91    | 0.14%             | 2034-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd                             | Mineral Resources, Ltd.                                                          | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    632000 | PA      | $663005.29    | 0.12%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Fin Llc / Jfin                          | Jefferies Finance LLC / JFIN Co.-Issuer Corp.                                    | CUSIP: 47232MAF9<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |    275000 | PA      | $265922.17    | 0.05%             | 2028-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Hilton Grand Vac Llc/inc                          | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc.      | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $288718.88    | 0.05%             | 2029-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Hertz Corp/the                                    | Hertz Corp.                                                                      | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    219000 | PA      | $232378.05    | 0.04%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: No      |
| Howard Hughes Corp                                | Howard Hughes Corp.                                                              | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    270000 | PA      | $253366.73    | 0.04%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Perforce Software, Inc.                           | Perforce Software, Inc.                                                          | CUSIP: 71376GAK7<br>LEI: 549300322GBMUSL1VG17 | Long             | LON              | CORP              | US        |   5159827 | PA      | $4763706.63   | 0.84%             | 2029-07-02      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Pinnacle Buyer LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    269159 | PA      | $269832.02    | 0.05%             | 2032-09-11      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Leeward Renewabl                                  | Leeward Renewable Energy Operations LLC                                          | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |    159000 | PA      | $150390.02    | 0.03%             | 2029-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Stonex Group Inc                                  | StoneX Group, Inc.                                                               | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |    942000 | PA      | $991387.18    | 0.18%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Mermaid Bidco Inc                                 | Mermaid Bidco Inc aka Datasite TL 1L                                             | CUSIP: 59012CAL9<br>LEI: 254900765HT42I3EW691 | Long             | LON              | CORP              | US        |   2670077 | PA      | $2670637.98   | 0.47%             | 2031-07-03      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| June Purchaser, LLC                               | June Purchaser/Janney Montgomery 9/24 Delayed TL 1                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    173664 | PA      | $174387.17    | 0.03%             | 2031-11-28      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| United Rentals North Am                           | United Rentals North America, Inc.                                               | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76595.49     | 0.01%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tidal Waste & Recycling Holdings LLC              | Tidal Waste 10/24 TLB 1L                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2513700 | PA      | $2531509.56   | 0.45%             | 2031-10-24      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Vista Management Holding Inc.                     | VISTA MGMT HLDG INC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3325641 | PA      | $3353360.25   | 0.59%             | 2031-04-01      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Chemours Co                                       | Chemours Co.                                                                     | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    954000 | PA      | $862718.61    | 0.15%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Match Group Hld Ii Llc                            | Match Group Holdings II LLC                                                      | CUSIP: 57667JAC6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    156000 | PA      | $157492.92    | 0.03%             | 2033-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| California Resources Crp                          | California Resources Corp.                                                       | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1408907.25   | 0.25%             | 2029-06-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Energean Plc                                      | Energean PLC                                                                     | CUSIP: 29280EAA7<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $298968.75    | 0.05%             | 2027-04-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Veritiv Operating Co                              | Veritiv Operating Co.                                                            | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    370000 | PA      | $397556.85    | 0.07%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| CHG Healthcare Services Inc                       | CHG Healthcare Services Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3117740 | PA      | $3122042.32   | 0.55%             | 2028-09-29      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Embecta Corp                                      | Embecta Corp, TLB                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3132934 | PA      | $3136082.25   | 0.56%             | 2029-03-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Deluxe Corp                                       | Deluxe Corp.                                                                     | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   1128000 | PA      | $1126451.82   | 0.20%             | 2029-06-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Idera Inc                                         | Idera INC                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4021890 | PA      | $3539262.99   | 0.63%             | 2028-03-02      | Floating      | 11.25%                | No            |                  2 | On Loan: No      |
| Diversified Healthcare T                          | Diversified Healthcare Trust                                                     | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $459816.29    | 0.08%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Secretariat Advisors Llc                          | Secretariat Advisors LLC                                                         | CUSIP: 81368NAP0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105357 | PA      | $105686.84    | 0.02%             | 2032-02-28      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Weatherford Internationa                          | Weatherford International, Ltd.                                                  | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   1305000 | PA      | $1306723.40   | 0.23%             | 2033-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Boxer Parent Company Inc                          | Boxer Parent Co., Inc.                                                           | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   5785443 | PA      | $5782724.23   | 1.02%             | 2031-07-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Valaris Ltd                                       | Valaris, Ltd.                                                                    | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2320000 | PA      | $2409434.31   | 0.43%             | 2030-04-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Stonex Escrow Issuer Llc                          | Stonex Escrow Issuer LLC                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    658000 | PA      | $677816.61    | 0.12%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                               | Inception Holdco Sarl                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   2156751 | PA      | $2172926.29   | 0.38%             | 2032-09-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDWEST PHYSICIAN ADMINISTRATIVE SERVICES LLC     | Midwest Physcn Admin Srvcs LLC                                                   | CUSIP: N/A<br>LEI: 5493001F7B0DCPKBGK48       | Long             | LON              | CORP              | US        |   3566979 | PA      | $3333466.68   | 0.59%             | 2028-03-12      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Gulfport Energy Op Corp                           | Gulfport Energy Operating Corp.                                                  | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |   1367000 | PA      | $1404515.35   | 0.25%             | 2029-09-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Entain PLC                                        | Entain Holdings Gibraltar Ltd                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GI        |   3760811 | PA      | $3764572.17   | 0.67%             | 2029-10-31      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Victory Capital Holdings Inc                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1092374 | PA      | $1091696.48   | 0.19%             | 2032-09-10      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| MillerKnoll Inc                                   | MillerKnoll Inc                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    481243 | PA      | $481141.64    | 0.09%             | 2032-08-09      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| GTCR Everest Borrower LLC                         | GTCR Everest Borrower LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3722872 | PA      | $3727227.99   | 0.66%             | 2031-09-05      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| MOTION FINCO LLC                                  | MOTION FINCO LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    916286 | PA      | $825344.19    | 0.15%             | 2029-11-12      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                               | Churchill Downs, Inc.                                                            | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    373000 | PA      | $368292.74    | 0.07%             | 2028-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Directv Fin Llc/coinc                             | Directv Financing LLC / Directv Financing Co.-Obligor, Inc.                      | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1134185.07   | 0.20%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Focus Financial Partners, LLC                     | FOCUS FINL PARTNERS LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4380101 | PA      | $4386102.07   | 0.78%             | 2031-09-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Travel + Leisure Co                               | Travel + Leisure Co.                                                             | CUSIP: 894164AC6<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    379000 | PA      | $378190.90    | 0.07%             | 2033-09-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| United Wholesale Mtge Ll                          | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    350000 | PA      | $345472.37    | 0.06%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Park River Holdings Inc                           | Park River Holdings, Inc.                                                        | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    178000 | PA      | $180374.39    | 0.03%             | 2031-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Proofpoint Inc                                    | Proofpoint Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    263635 | PA      | $264997.85    | 0.05%             | 2028-08-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Delta Topco Inc                                   | Delta Topco, Inc.                                                                | CUSIP: 24780DAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2610983 | PA      | $2586022.13   | 0.46%             | 2029-11-30      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Dcert Buyer Inc                                   | Dcert Buyer, Inc.                                                                | CUSIP: 24022KAJ8<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |   5863456 | PA      | $5350403.51   | 0.95%             | 2029-02-19      | Floating      | 11.16%                | No            |                  2 | On Loan: No      |
| Cars.com Inc                                      | Cars.com, Inc.                                                                   | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498427.35    | 0.09%             | 2028-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Karoon Usa Finance Inc                            | Karoon USA Finance, Inc.                                                         | CUSIP: 48575AAA9<br>LEI: 254900I4IZ164TOMZH46 | Long             | DBT              | CORP              | US        |    650000 | PA      | $680616.50    | 0.12%             | 2029-05-14      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Flynn Restaurant Group                            | Flynn Restaurant Group LP                                                        | CUSIP: 34410JAG6<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |   4752055 | PA      | $4765051.88   | 0.84%             | 2032-01-28      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| BBB Industries US Holdings Inc                    | Burgess Point Purchaser Corp.                                                    | CUSIP: N/A<br>LEI: 549300E8LIFU847L5F79       | Long             | LON              | CORP              | US        |   4215900 | PA      | $3678710.02   | 0.65%             | 2029-07-25      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp                                   | Sealed Air Corp.                                                                 | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78578.07     | 0.01%             | 2027-12-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Diversified Healthcare T                          | Diversified Healthcare Trust                                                     | CUSIP: 25525PAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148000 | PA      | $150601.77    | 0.03%             | 2030-10-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Viridien                                          | Viridien                                                                         | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |    265000 | PA      | $272608.48    | 0.05%             | 2030-10-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Truenoord Capital Dac                             | TrueNoord Capital DAC                                                            | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    270000 | PA      | $287139.33    | 0.05%             | 2030-03-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| VT Topco Inc                                      | VT Topco, Inc. 12/24 1L                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    688386 | PA      | $668381.97    | 0.12%             | 2030-08-09      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Project Castle Inc                                | Project Castle, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4342212 | PA      | $3612720.80   | 0.64%             | 2029-06-01      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings Inc                                | OSAIC HOLDINGS INC TL 1L                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4188512 | PA      | $4190899.45   | 0.74%             | 2032-07-17      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Alumina Pty Ltd                                   | Alumina Pty, Ltd.                                                                | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    290000 | PA      | $297535.65    | 0.05%             | 2032-09-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Agiliti Health Inc                                | Agiliti Health, Inc.                                                             | CUSIP: 00847YAE2<br>LEI: 25490002CCQ55NKGNB14 | Long             | LON              | CORP              | US        |   2822799 | PA      | $2713415.15   | 0.48%             | 2030-05-01      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Solstice Advanced Materials Inc                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    695324 | PA      | $697066.19    | 0.12%             | 2032-09-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Mcafee Corp                                       | McAfee Corp.                                                                     | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |   3197784 | PA      | $3063877.04   | 0.54%             | 2029-03-01      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                               | Axon Enterprise, Inc.                                                            | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     44000 | PA      | $45299.21     | 0.01%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Orion US Finco                                    | Orion US Finco                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1661518 | PA      | $1671902.32   | 0.30%             | 2032-05-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Acproducts Holdings Inc                           | ACProducts Holdings, Inc.                                                        | CUSIP: 00488YAB2<br>LEI: 254900KTNXVUUHWHBF39 | Long             | LON              | CORP              | US        |   5697596 | PA      | $4787917.87   | 0.85%             | 2028-05-17      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Servi                          | Mavis Tire Express Services Topco Corp.                                          | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |   1282453 | PA      | $1283787.03   | 0.23%             | 2028-05-04      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                        | DAE Aviation 10/24 TLB1                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    370726 | PA      | $371287.81    | 0.07%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Apro LLC                                          | APRO LLC                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1120164 | PA      | $1121003.65   | 0.20%             | 2031-07-09      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| Storable Inc                                      | Storable Inc                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    940576 | PA      | $944888.54    | 0.17%             | 2031-04-16      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Medical Solutions Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3547586 | PA      | $2731641.57   | 0.48%             | 2028-11-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corp                              | Kioxia Holdings Corp.                                                            | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    851000 | PA      | $868985.03    | 0.15%             | 2030-07-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                               | Pinnacle Buyer LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1399627 | PA      | $1403126.47   | 0.25%             | 2032-09-11      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Csc Holdings Llc                                  | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $76382.02     | 0.01%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Avalara Inc                                       | Avalara, Inc.                                                                    | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |   3607890 | PA      | $3613391.77   | 0.64%             | 2032-03-29      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Iamgold Corp                                      | Iamgold Corp                                                                     | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $69973.37     | 0.01%             | 2028-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Consensus Cloud Solution                          | Consensus Cloud Solutions, Inc.                                                  | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    696000 | PA      | $699682.54    | 0.12%             | 2028-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Jetblue Airways Corporation                       | Jetblue 8/24 TLB 1L                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1560015 | PA      | $1501124.08   | 0.27%             | 2029-08-27      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Ahead 7/24                                        | Ahead 7/24 TLB3 1L                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2454497 | PA      | $2460485.75   | 0.44%             | 2031-02-03      | Floating      | 9.48%                 | No            |                  2 | On Loan: No      |
| Davita Inc                                        | DaVita, Inc.                                                                     | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    767000 | PA      | $735705.55    | 0.13%             | 2030-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Crc Insurance Group Llc                           | CRC Insurance Group LLC                                                          | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    839057 | PA      | $840369.82    | 0.15%             | 2031-05-06      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Help/Systems Holdings, Inc.                       | Help/Systems Holdings, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2345804 | PA      | $2223974.39   | 0.39%             | 2026-11-19      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| Berlin Packaging LLC                              | Berlin Packaging LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2078877 | PA      | $2087504.71   | 0.37%             | 2031-06-09      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                     | Truist Insurance 3/24 2nd Lien Cov-Lite                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    756284 | PA      | $771530.31    | 0.14%             | 2032-05-06      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                    | R1 RCM 10/24 Cov-Lite                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      8694 | PA      | $8700.81      | 0.00%             | 2031-11-19      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                 | Herc Holdings Inc                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    227963 | PA      | $229359.74    | 0.04%             | 2032-05-17      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vac Llc/inc                          | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc.      | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28019.28     | 0.00%             | 2031-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Boost Newco Borrower Llc                          | Boost Newco Borrower LLC                                                         | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |   4281096 | PA      | $4292247.90   | 0.76%             | 2031-01-31      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Travel + Leisure Co                               | Travel + Leisure Co.                                                             | CUSIP: 98310WAQ1<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    342000 | PA      | $329887.97    | 0.06%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Wynn Resorts Finance Llc                          | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.                            | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $883280.00    | 0.16%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Mph Acquisition Holdings                          | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    330000 | PA      | $288414.37    | 0.05%             | 2030-12-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Transdigm Inc                                     | TransDigm, Inc.                                                                  | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    143000 | PA      | $144710.71    | 0.03%             | 2033-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Ams-osram Ag                                      | AMS-OSRAM AG                                                                     | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    835000 | PA      | $899363.47    | 0.16%             | 2029-03-30      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Pennymac Fin Svcs Inc                             | PennyMac Financial Services, Inc.                                                | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    415000 | PA      | $430347.53    | 0.08%             | 2032-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Csc Holdings Llc                                  | CSC Holdings LLC                                                                 | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    590000 | PA      | $436579.62    | 0.08%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Hold                             | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    270000 | PA      | $284292.61    | 0.05%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car/finance                           | Avis Budget Car Rental LLC / Avis Budget Finance, Inc.                           | CUSIP: 053773BF3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |    190000 | PA      | $185436.75    | 0.03%             | 2029-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Citadel Securities Globa                          | Citadel Securities Global Holdings LLC                                           | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |   1218926 | PA      | $1222589.27   | 0.22%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                                   | Murphy Oil Corp.                                                                 | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187576.79    | 0.03%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Victra Hldg/victra Fin                            | Victra Holdings LLC / Victra Finance Corp.                                       | CUSIP: 92648DAA4<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | DBT              | CORP              | US        |    290000 | PA      | $304464.62    | 0.05%             | 2029-09-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Adtalem Global Education                          | Adtalem Global Education, Inc.                                                   | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |    529000 | PA      | $527695.75    | 0.09%             | 2028-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Tri Pointe Homes Inc                              | Tri Pointe Homes, Inc.                                                           | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    268000 | PA      | $273651.05    | 0.05%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Trimas Corp                                       | TriMas Corp.                                                                     | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |    705000 | PA      | $684035.91    | 0.12%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| CohnReznick Advisory LLC                          | COHNREZNICK ADVISORY LLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    431169 | PA      | $432518.39    | 0.08%             | 2032-03-31      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Kraken Oil & Gas Partner                          | Kraken Oil & Gas Partners LLC                                                    | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    310000 | PA      | $307518.85    | 0.05%             | 2029-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Ascensus Holdings Inc                             | Ascensus Holdings, Inc.                                                          | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2194167 | PA      | $2195077.73   | 0.39%             | 2028-08-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Chemours Co                                       | Chemours Co.                                                                     | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    370000 | PA      | $368297.78    | 0.07%             | 2033-01-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Talos Production Inc                              | Talos Production, Inc.                                                           | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   1049000 | PA      | $1093394.73   | 0.19%             | 2031-02-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                       | Beach Acquisition Bidco LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    785101 | PA      | $789847.23    | 0.14%             | 2032-06-28      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Delek Log Part/finance                            | Delek Logistics Partners LP / Delek Logistics Finance Corp.                      | CUSIP: 24665FAD4<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   1541000 | PA      | $1608110.57   | 0.28%             | 2029-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Tenneco Inc                                       | Tenneco, Inc.                                                                    | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    480000 | PA      | $481221.92    | 0.09%             | 2028-11-17      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Viasat Inc                                        | Viasat, Inc.                                                                     | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    274000 | PA      | $257464.05    | 0.05%             | 2031-05-30      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Vertiv Group Corp                                 | LX267674 VRT TL B 1L USD                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2928651 | PA      | $2935474.69   | 0.52%             | 2032-08-09      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| Aretec Group Inc                                  | Aretec Group, Inc.                                                               | CUSIP: 04009DAH7<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |   3216479 | PA      | $3219985.10   | 0.57%             | 2030-08-09      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Corpay Technologies Operating Company, LLC        | Corpay Technologies Operating Company, LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1318057 | PA      | $1317443.70   | 0.23%             | 2028-04-28      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Bingo Holdings I LLC                              | BINGO HLDGS I LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2187581 | PA      | $2191004.90   | 0.39%             | 2032-06-13      | Floating      | 0.07%                 | No            |                  2 | On Loan: No      |
| Ag Issuer Llc                                     | AG Issuer LLC                                                                    | CUSIP: 00119LAA9<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300804.90    | 0.05%             | 2028-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Meg Energy Corp                                   | MEG Energy Corp.                                                                 | CUSIP: 552704AF5<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |   1267000 | PA      | $1267892.35   | 0.22%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Hertz Corp/the                                    | Hertz Corp.                                                                      | CUSIP: 428040DB2<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    569000 | PA      | $454453.53    | 0.08%             | 2029-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TripAdvisor Inc                                   | Trip.com/TripAdvisor 7/24                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4880790 | PA      | $4795375.77   | 0.85%             | 2031-07-08      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operatin                          | Hilton Domestic Operating Co., Inc.                                              | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    874000 | PA      | $841403.81    | 0.15%             | 2029-05-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Trans Union LLC                                   | Trans Union LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1400000 | PA      | $1400441.00   | 0.25%             | 2031-06-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Resideo Funding Inc                               | Resideo Funding Inc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    891708 | PA      | $893103.35    | 0.16%             | 2032-08-13      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Project Leopard Holdings                          | Project Leopard Holdings, Inc.                                                   | CUSIP: 74338UAG6<br>LEI: 254900QOZVLO3PEJYN33 | Long             | LON              | CORP              | US        |   4160228 | PA      | $3764132.82   | 0.67%             | 2029-07-20      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| Ats Corp                                          | ATS Corp.                                                                        | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |     11000 | PA      | $10549.33     | 0.00%             | 2028-12-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Delta Topco Inc                                   | Infoblox 4/24 2nd lien TL 1L                                                     | CUSIP: 24780DAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3170438 | PA      | $3168456.84   | 0.56%             | 2030-11-29      | Floating      | 9.52%                 | No            |                  2 | On Loan: No      |
| MRC Global US Inc                                 | MRC Global 10/24 TLB                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2631608 | PA      | $2638186.62   | 0.47%             | 2031-10-29      | Floating      | 7.66%                 | No            |                  3 | On Loan: No      |
| EP Purchaser LLC                                  | EP Purcasher, LLC                                                                | CUSIP: N/A<br>LEI: 549300GGODRVQG1GH476       | Long             | LON              | CORP              | US        |   1888669 | PA      | $1783215.23   | 0.32%             | 2028-11-06      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Aph/aph2/aph3/aquarian                            | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $365557.50    | 0.06%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ONEX TSG INTERMEDIATE CORP                        | ONEX TSG INTERMEDIATE CORP                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1290613 | PA      | $1299144.39   | 0.23%             | 2032-07-26      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                               | LBM Acquisition LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2669908 | PA      | $2610582.42   | 0.46%             | 2031-06-06      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materi                          | Solstice Advanced Materials, Inc.                                                | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    335000 | PA      | $336316.17    | 0.06%             | 2033-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Froneri International Limited                     | Froneri US, Inc.                                                                 | CUSIP: G3679YAK8<br>LEI: 213800NRSZ1N2Y6LEX44 | Long             | LON              | CORP              | US        |   3674937 | PA      | $3652740.62   | 0.65%             | 2031-09-30      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Wolverine World Wide                              | Wolverine World Wide, Inc.                                                       | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |   1158000 | PA      | $1061120.91   | 0.19%             | 2029-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Endurance International Group Inc (The)           | Endurance Intl Group Hldgs Inc TLB 1L                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4914322 | PA      | $3562883.23   | 0.63%             | 2028-02-10      | Floating      | 7.94%                 | No            |                  3 | On Loan: No      |
| Fiserv Investment Solutions, Inc.                 | Fiserv Investment Solutions, Inc.                                                | CUSIP: 33774UAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4529758 | PA      | $4503349.47   | 0.80%             | 2027-02-18      | Floating      | 12.14%                | No            |                  2 | On Loan: No      |
| Sanmina Corporation                               | Sanmina Corp                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    973969 | PA      | $973968.70    | 0.17%             | 2032-08-09      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Whitewater Holding Company, LLC                   | WHITEWATER MATTERHORN HOLDING LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    591099 | PA      | $591468.80    | 0.10%             | 2032-05-12      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| June Purchaser, LLC                               | June Purchaser, LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1039378 | PA      | $1043707.24   | 0.18%             | 2031-11-28      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Pbf Holding Co Llc                                | PBF Holding Co. LLC / PBF Finance Corp.                                          | CUSIP: 69318FAL2<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |    627000 | PA      | $619594.46    | 0.11%             | 2030-09-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| EP Purchaser LLC                                  | EP Purchaser LLC                                                                 | CUSIP: 26881KAD6<br>LEI: 549300GGODRVQG1GH476 | Long             | LON              | CORP              | US        |    600957 | PA      | $558890.21    | 0.10%             | 2028-11-06      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Tutor Perini Corp.                                | Tutor Perini Corp.                                                               | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |    844000 | PA      | $946024.11    | 0.17%             | 2029-04-30      | Fixed         | 11.88%                | Yes           |                  2 | On Loan: No      |
| Amc Networks Inc                                  | AMC Networks, Inc.                                                               | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      9000 | PA      | $7838.33      | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Thevelia Us Llc                                   | Thevelia US LLC                                                                  | CUSIP: 88372KAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3740506 | PA      | $3742844.15   | 0.66%             | 2029-06-18      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Wynn Las Vegas Llc/corp                           | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                | CUSIP: 983130AX3<br>LEI: 2549002X45DR4UI7NA62 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69973.31     | 0.01%             | 2027-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance Inc         | Apollo Commercial Real Estate Finance, Inc.                                      | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              | CORP              | US        |    320000 | PA      | $307780.04    | 0.05%             | 2029-06-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| LI Group Holdings, Inc.                           | LI Group Holdings, Inc.                                                          | CUSIP: 50201FAD0<br>LEI: 549300WTOOUDL4F82264 | Long             | LON              | CORP              | US        |   1521696 | PA      | $1527881.69   | 0.27%             | 2028-03-11      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Brookfield Resid Propert                          | Brookfield Residential Properties, Inc. / Brookfield Residential US LLC          | CUSIP: 11283YAD2<br>LEI: 549300C2SXDXVIUV3Q14 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $93880.50     | 0.02%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Hyperion Refinance S.A R.L.                       | Hyperion Refinance Sarl                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    522872 | PA      | $523489.22    | 0.09%             | 2031-02-18      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operation                          | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $123835.80    | 0.02%             | 2029-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operatin                          | Hilton Domestic Operating Co., Inc.                                              | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60259.41     | 0.01%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Burford Capital Glbl Fin                          | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    575000 | PA      | $585838.75    | 0.10%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Hyperion Refinance S.A R.L.                       | Hyperion Insurance/Howden 7/24 TLB 1L                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   6236861 | PA      | $6238794.69   | 1.11%             | 2030-04-18      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| WH Borrower LLC                                   | WH BORROWER LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2016000 | PA      | $2020717.44   | 0.36%             | 2032-02-20      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| Rakuten Group Inc                                 | Rakuten Group, Inc.                                                              | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    894000 | PA      | $1006076.13   | 0.18%             | 2029-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Radiate Holdco, LLC                               | Radiate Holdco, LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2679932 | PA      | $2170744.99   | 0.38%             | 2029-09-25      | Floating      | 9.47%                 | No            |                  2 | On Loan: No      |
| Enviri Corp                                       | Enviri Corp.                                                                     | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |    947000 | PA      | $940190.22    | 0.17%             | 2027-07-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Spencer Spirit IH LLC                             | Spencer Spirit IH LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2599668 | PA      | $2604009.10   | 0.46%             | 2031-07-15      | Floating      | 13.65%                | No            |                  2 | On Loan: No      |
| N/A                                               | Zayo Group Holdings Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    457692 | PA      | $445487.67    | 0.08%             | 2032-09-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Petsmart Llc/petsmart Fi                          | PetSmart LLC / PetSmart Finance Corp.                                            | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    588000 | PA      | $590343.93    | 0.10%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Encompass Health Corp                             | Encompass Health Corp.                                                           | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    452000 | PA      | $440120.13    | 0.08%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Rfna Lp                                           | Rfna LP                                                                          | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71382.10     | 0.01%             | 2030-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Lereta LLC                                        | Lereta, LLC                                                                      | CUSIP: N/A<br>LEI: 549300VK5GMZ4QV5U417       | Long             | LON              | CORP              | US        |   1388996 | PA      | $1249131.08   | 0.22%             | 2028-07-30      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Conga Corp                                        | Conga Corp.                                                                      | CUSIP: 03835XAD4<br>LEI: 254900VOVRKNFQ3GHG43 | Long             | LON              | CORP              | US        |    886536 | PA      | $877670.41    | 0.16%             | 2028-05-08      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| Bally's Corp                                      | Bally's Corp.                                                                    | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |   3911941 | PA      | $3809252.91   | 0.67%             | 2028-10-02      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| Talos Production Inc                              | Talos Production, Inc.                                                           | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108650.12    | 0.02%             | 2029-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Icahn Enterprises/fin                             | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                           | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   2278000 | PA      | $2290910.79   | 0.41%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Peer Holding III BV                               | Peer Hldg III BV                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    588396 | PA      | $589825.58    | 0.10%             | 2030-10-28      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Med Parentco Lp                                   | MED ParentCo LP                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     66217 | PA      | $66428.13     | 0.01%             | 2031-04-15      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC               | Hilton Grand Vacations Borrower, LLC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2481027 | PA      | $2480331.98   | 0.44%             | 2031-01-17      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Starwood Property Mortgage LLC                    | STARWOOD PPTY MTG LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1142094 | PA      | $1144240.87   | 0.20%             | 2030-01-02      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Grou                          | Sinclair Television Group, Inc.                                                  | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    186000 | PA      | $158797.50    | 0.03%             | 2030-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Fertitta Entertainment                            | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.            | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $200036.15    | 0.04%             | 2029-01-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Atp Tow/andean Telecom                            | ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C | CUSIP: 00193BAA0<br>LEI: 254900CIKL1FQZ45N873 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144436.32    | 0.03%             | 2030-02-03      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Chs/community Health Sys                          | CHS/Community Health Systems, Inc.                                               | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    700000 | PA      | $508346.45    | 0.09%             | 2030-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Stor                                 | Seagate Data Storage Technology Pte, Ltd.                                        | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     70000 | PA      | $79348.85     | 0.01%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| KREF Holdings X LLC                               | KREF Holdings X LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    931198 | PA      | $930811.97    | 0.16%             | 2032-03-05      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Javelin Buyer Inc                                 | SciQuest 10/24 2nd Lien                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2520000 | PA      | $2521575.00   | 0.45%             | 2032-12-06      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors                           | Grant Thornton Advisors LLC                                                      | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |       393 | PA      | $391.07       | 0.00%             | 2031-06-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Fortescue Treasury Pty L                          | Fortescue Treasury Pty, Ltd.                                                     | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     50000 | PA      | $51705.40     | 0.01%             | 2032-04-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Usa Com Part/usa Com Fin                          | USA Compression Partners LP / USA Compression Finance Corp.                      | CUSIP: 91740PAH1<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |    226000 | PA      | $227005.75    | 0.04%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Fortescue Treasury Pty L                          | Fortescue Treasury Pty, Ltd.                                                     | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     80000 | PA      | $76434.60     | 0.01%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Aretec Group Inc                                  | Aretec Group, Inc.                                                               | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    320000 | PA      | $349040.96    | 0.06%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Zf Na Capital                                     | ZF North America Capital, Inc.                                                   | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    640000 | PA      | $613181.95    | 0.11%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Azuria Water Solutions Inc                        | Aegion 1/25 Cov-Lite TLB                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2470876 | PA      | $2477053.59   | 0.44%             | 2028-05-17      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Geon Performance Solutio                          | Geon Performance Solutions LLC                                                   | CUSIP: 37254YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1136235 | PA      | $1068344.99   | 0.19%             | 2028-08-18      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| Mitnick Corporate Purchaser Inc                   | Mitnick Corporate Purchaser Inc.                                                 | CUSIP: N/A<br>LEI: 2549002PYWOTVEDJKW54       | Long             | LON              | CORP              | US        |   3093269 | PA      | $2260019.49   | 0.40%             | 2029-05-02      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment                            | Fertitta Entertainment, LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4760158 | PA      | $4758681.91   | 0.84%             | 2029-01-27      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Great Can Gaming/raptor                           | Great Canadian Gaming Corp./Raptor LLC                                           | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |    310000 | PA      | $306771.72    | 0.05%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Twilio Inc                                        | Twilio, Inc.                                                                     | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76324.73     | 0.01%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                          | Service Properties Trust                                                         | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    720000 | PA      | $612628.26    | 0.11%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Brundage-bone Concrete                            | Brundage-Bone Concrete Pumping Holdings, Inc.                                    | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $632003.75    | 0.11%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Signia Aerospace LLC                              | Signia Aerospace LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1556594 | PA      | $1561457.94   | 0.28%             | 2031-12-11      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaque                             | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    159000 | PA      | $168985.52    | 0.03%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Cedar Fair LP                                     | Cedar Fair LP                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    503369 | PA      | $500852.03    | 0.09%             | 2031-05-01      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                   | Star Parent, Inc.                                                                | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    380000 | PA      | $402208.34    | 0.07%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp                                   | Fair Isaac Corp.                                                                 | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $3593040.67   | 0.64%             | 2028-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Ankura Consulting Group                           | Ankura Consulting Group LLC                                                      | CUSIP: 03539PAJ7<br>LEI: 549300VJ5EU1KWD54I45 | Long             | LON              | CORP              | US        |   2844214 | PA      | $2829992.69   | 0.50%             | 2031-12-29      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Jsg Ii Inc                                        | Justrite Safety Group                                                            | CUSIP: 78649EAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    216653 | PA      | $216653.49    | 0.04%             | 2026-06-28      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| Pennymac Fin Svcs Inc                             | PennyMac Financial Services, Inc.                                                | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1051528.03   | 0.19%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Anticimex Global Ab                               | Anticimex Global AB                                                              | CUSIP: 03703HAB2<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |    277696 | PA      | $278945.82    | 0.05%             | 2028-11-16      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Firstcash Inc                                     | FirstCash, Inc.                                                                  | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   3165000 | PA      | $3105795.83   | 0.55%             | 2028-09-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Cogentrix Finance Holdco I LLC                    | COGENTRIX FIN HOLDCO I LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1390124 | PA      | $1393974.72   | 0.25%             | 2032-02-26      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc                             | Qnity Electronics, Inc.                                                          | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    192000 | PA      | $196307.71    | 0.03%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Sophos Intermediate Ii L                          | Sophos Intermediate II, Ltd.                                                     | CUSIP: 86875TAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1994754 | PA      | $1999870.52   | 0.35%             | 2027-03-05      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Alera Group Inc                                   | Alera Group Inc                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    952636 | PA      | $982258.59    | 0.17%             | 2033-05-23      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| Hologic Inc                                       | Hologic Inc Holx 4 5/8 02/01/28                                                  | CUSIP: 436440AM3<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    940000 | PA      | $933808.88    | 0.17%             | 2028-02-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Resideo Funding Inc                               | Resideo Funding, Inc.                                                            | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    228000 | PA      | $233963.34    | 0.04%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Antero Midstream Part/fi                          | Antero Midstream Partners LP / Antero Midstream Finance Corp.                    | CUSIP: 03690AAM8<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    541000 | PA      | $538939.22    | 0.10%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-cliffs Inc                              | Cleveland-Cliffs, Inc.                                                           | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    363000 | PA      | $374407.65    | 0.07%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources Inc                            | Comstock Resources, Inc.                                                         | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1198873.92   | 0.21%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Cnx Resources Corp                                | CNX Resources Corp.                                                              | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175198.63    | 0.03%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Park-ohio Industries Inc                          | Park-Ohio Industries, Inc.                                                       | CUSIP: 700677AS6<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |    360000 | PA      | $373525.20    | 0.07%             | 2030-08-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Fin Svcs Inc                             | PennyMac Financial Services, Inc.                                                | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2111000 | PA      | $2044852.03   | 0.36%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Chemours Co                                       | Chemours Co.                                                                     | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    265000 | PA      | $258719.42    | 0.05%             | 2028-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Aadvantage Loyalty Ip                             | AAdvantage Loyalty IP, Ltd.                                                      | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   1079491 | PA      | $1085563.14   | 0.19%             | 2032-05-28      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Baldwin Insurance Group                           | Baldwin Insurance Group Holdings LLC                                             | CUSIP: 05825HAH7<br>LEI: 5493004GCDREAQPPYG20 | Long             | LON              | CORP              | US        |   2111515 | PA      | $2115917.07   | 0.37%             | 2031-05-27      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Jefferies Fin Llc / Jfin                          | Jefferies Finance LLC / JFIN Co.-Issuer Corp.                                    | CUSIP: 47232MAG7<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141042.82    | 0.02%             | 2031-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc                                 | Post Holdings, Inc.                                                              | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $935249.23    | 0.17%             | 2031-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| S&S Holdings LLC                                  | S&S Holdings LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    849902 | PA      | $826529.81    | 0.15%             | 2031-10-01      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors                           | Grant Thornton Advisors LLC                                                      | CUSIP: 38821UAF7<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    821111 | PA      | $820864.44    | 0.15%             | 2031-05-30      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Jsg Ii Inc                                        | Justrite Safety Group                                                            | CUSIP: 78649EAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4007163 | PA      | $4007163.31   | 0.71%             | 2026-06-28      | Floating      | 13.39%                | No            |                  2 | On Loan: No      |
| Suburban Propane Partnrs                          | Suburban Propane Partners LP/Suburban Energy Finance Corp.                       | CUSIP: 864486AL9<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1133040.77   | 0.20%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Us Anesthesia Partners                            | U.S. Anesthesia Partners, Inc.                                                   | CUSIP: 90350HAL3<br>LEI: 549300J001GMNRO7SQ51 | Long             | LON              | CORP              | US        |   1499181 | PA      | $1498948.76   | 0.27%             | 2028-10-01      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| Stena International Sa                            | Stena International SA                                                           | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $306118.20    | 0.05%             | 2031-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Stena International Sa                            | Stena International SA                                                           | CUSIP: 85858EAE3<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |     80000 | PA      | $82472.96     | 0.01%             | 2031-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Anchor Packaging Llc                              | Anchor Packaging LLC                                                             | CUSIP: 03306UAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1341790 | PA      | $1349196.87   | 0.24%             | 2029-07-18      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc         | DG INVT INTER HLDGS 2 INC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1093387 | PA      | $1090653.20   | 0.19%             | 2033-07-25      | Floating      | 9.86%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                 | Polaris Newco LLC                                                                | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Long             | LON              | CORP              | US        |   3631017 | PA      | $3507217.40   | 0.62%             | 2028-06-02      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Discovery Purchaser Corporation                   | Discovery Purchaser/Bayer/Envu 8/22 TL                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3046153 | PA      | $3036009.50   | 0.54%             | 2029-10-04      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| Hanger Inc                                        | Hanger, Inc.                                                                     | CUSIP: 41043BAJ7<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |    171875 | PA      | $172455.30    | 0.03%             | 2031-10-23      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Proofpoint Inc                                    | Proofpoint Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    950000 | PA      | $954911.50    | 0.17%             | 2028-08-31      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| Lamar Media Corp                                  | Lamar Media Corp.                                                                | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1242367.41   | 0.22%             | 2033-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| TRC Companies LLC                                 | TRC Companies 1/25                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    706365 | PA      | $708205.24    | 0.13%             | 2028-12-08      | Floating      | 10.14%                | No            |                  2 | On Loan: No      |
| Cast & Crew Llc                                   | Cast & Crew LLC                                                                  | CUSIP: 14835JAQ3<br>LEI: 549300XE7OZGFGN5F466 | Long             | LON              | CORP              | US        |   4765299 | PA      | $4328606.84   | 0.77%             | 2028-12-29      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Colossus Acquireco LLC                            | COLOSSUS ACQUIRECO LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6079704 | PA      | $6049305.27   | 1.07%             | 2032-06-12      | Floating      | 1.78%                 | No            |                  2 | On Loan: No      |
| WS Audiology AS                                   | WS Audiology AS                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3870265 | PA      | $3860589.01   | 0.68%             | 2029-02-28      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ivanti Security Holdings LLC                      | IVANTI SOFTWARE INC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    402109 | PA      | $414423.47    | 0.07%             | 2029-06-01      | Floating      | 10.05%                | No            |                  2 | On Loan: No      |
| Icahn Enterprises/fin                             | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                           | CUSIP: 451102CJ4<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    365000 | PA      | $352249.71    | 0.06%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Clariv Sci Hld Corp                               | Clarivate Science Holdings Corp.                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $463512.41    | 0.08%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| New Gold Inc                                      | New Gold, Inc.                                                                   | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $73376.66     | 0.01%             | 2032-04-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Bwx Technologies Inc                              | BWX Technologies, Inc.                                                           | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   1364000 | PA      | $1321743.96   | 0.23%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Transdigm Inc                                     | TransDigm, Inc.                                                                  | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2053000 | PA      | $2101555.50   | 0.37%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Wayfair Llc                                       | Wayfair LLC                                                                      | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   1177000 | PA      | $1237315.88   | 0.22%             | 2030-09-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Go Daddy Operating Co LLC                         | Go Daddy Oper Co LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1498365 | PA      | $1497608.33   | 0.27%             | 2031-05-30      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Aar Escrow Issuer Llc                             | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | DBT              | CORP              | US        |    264000 | PA      | $271956.86    | 0.05%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Crane Nxt Co                                      | Crane NXT Co.                                                                    | CUSIP: 224399AT2<br>LEI: 549300EXNPSXEWUD3N21 | Long             | DBT              | CORP              | US        |    100000 | PA      | $66100.29     | 0.01%             | 2048-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Opal US LLC                                       | OPAL US LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4355445 | PA      | $4372322.77   | 0.77%             | 2032-04-23      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Somnigroup Intl Inc                               | Somnigroup International, Inc.                                                   | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |   2313000 | PA      | $2223087.91   | 0.39%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operation                          | Hess Midstream Operations LP                                                     | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1502000 | PA      | $1501474.75   | 0.27%             | 2028-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Live Nation Entertainmen                          | Live Nation Entertainment, Inc.                                                  | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78252.54     | 0.01%             | 2028-01-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Jb Poindexter & Co Inc                            | JB Poindexter & Co., Inc.                                                        | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    290000 | PA      | $304094.87    | 0.05%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Element Materials Technology Group US Holding Inc | Element Materials Technology Group Holdings                                      | CUSIP: N/A<br>LEI: 213800EGOJGGUKUGEZ30       | Long             | LON              | CORP              | US        |   2991003 | PA      | $3014840.94   | 0.53%             | 2029-07-06      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Acuris Fin Us/acuris Fin                          | Acuris Finance US, Inc. / Acuris Finance SARL                                    | CUSIP: 00511BAE7<br>LEI: 213800PHEXJH1L7ZN896 | Long             | DBT              | CORP              | US        |    340000 | PA      | $355589.00    | 0.06%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Onemain Finance Corp                              | OneMain Finance Corp.                                                            | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    176000 | PA      | $176498.08    | 0.03%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Hlf Fin Sarl Llc/herbali                          | HLF Financing Sarl LLC / Herbalife International, Inc.                           | CUSIP: 40390DAC9<br>LEI: ST81INWBFR1E54KGC135 | Long             | DBT              | CORP              | US        |   1443000 | PA      | $1275960.63   | 0.23%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Victory Buyer Llc                                 | Victory Buyer LLC                                                                | CUSIP: 92643PAB0<br>LEI: 549300G9TEUHGC81N056 | Long             | LON              | CORP              | US        |   4456641 | PA      | $4476941.34   | 0.79%             | 2028-11-19      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| Chs/community Health Sys                          | CHS/Community Health Systems, Inc.                                               | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $827756.80    | 0.15%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.              | Clear Channel Outdoor Holdings, Inc.                                             | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1411000 | PA      | $1409690.03   | 0.25%             | 2028-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Qnity Electronics Inc                             | Qnity Electronics, Inc.                                                          | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    273000 | PA      | $275423.36    | 0.05%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Berkeley Research Group, LLC                      | BERKELEY RESH GROUP LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3521906 | PA      | $3534126.92   | 0.63%             | 2032-04-30      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc                             | QNITY ELECTRS INC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1632056 | PA      | $1634095.72   | 0.29%             | 2032-08-12      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Century Communities                               | Century Communities, Inc.                                                        | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    418000 | PA      | $421972.76    | 0.07%             | 2033-09-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC              | Protection One/ADT 11/24                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3933652 | PA      | $3928459.10   | 0.70%             | 2030-10-13      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Yum! Brands Inc                                   | Yum! Brands, Inc.                                                                | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79620.13     | 0.01%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Finastra Usa, Inc.                                | Finastra USA Inc                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3706410 | PA      | $3695161.14   | 0.65%             | 2032-07-30      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| Science Applications Int                          | Science Applications International Corp.                                         | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    840000 | PA      | $832224.12    | 0.15%             | 2028-04-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Blackstone Strategic Credit 2027 Term Fund

**Signature:** Gregory Roppa

**Name of Signer:** Gregory Roppa

**Title:** Treasurer and Chief Financial Officer