# EDGAR Filing Document

**Accession Number:** 0001676326
**File Stem:** 0002071691-25-007400
**Filing Date:** 2025-11
**Character Count:** 125445
**Document Hash:** ea19e9bcc3df1d896b35d9daa4659cc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007400.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002071691-25-007400

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley ETF Trust
- **CENTRAL INDEX KEY:** 0001676326

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23820
- **FILM NUMBER:** 251524917

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212.296.1404

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Series and Classes Contracts Data

### Eaton Vance High Yield ETF (Series ID: S000082246)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000245530 | Eaton Vance High Yield ETF | EVHY            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Morgan Stanley ETF Trust

- **b. Investment Company Act file number:** 811-23820

- **c. CIK number of Registrant:** 0001676326

- **d. LEI of Registrant:** 549300HASXQLXGOR9H31

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

  - **Street Address 1:** 1585 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 800-548-7786

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

- **a. Name of Series:** Eaton Vance High Yield ETF

- **b. EDGAR series identifier (if any):** S000082246

- **c. LEI of Series:** 25490092F7UI2XO21N32

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $24251694.63

**Total Liabilities:** $2998932.06

**Net Assets:** $21252762.57

**Delayed Delivery Securities:** $200000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 15.55360200 | **5-Year:** 76.11044200 | **10-Year:** 40.59213500 | **30-Year:** 27.84162800

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

- **3-Month:** 45.46213700 | **1-Year:** 1504.17667500 | **5-Year:** 4086.97104700 | **10-Year:** 365.94533500 | **30-Year:** 61.38335500

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245530 | 0.19%                | 1.13%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $32260.46                | $-110936.66                                |
| Month 2  | $7274.56                 | $120927.52                                 |
| Month 3  | $25107.21                | $-25863.82                                 |

**Designated Index Information**

- **Index Name:** ICE BofA US High Yield BB-B

- **Index Identifier:** MLUSHYBB

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bombardier, Inc.                               | Bombardier, Inc.                                                                          | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $31838.47     | 0.15%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Sonic Automotive, Inc.                         | Sonic Automotive, Inc.                                                                    | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    129000 | PA      | $125375.71    | 0.59%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Diebold Nixdorf, Inc.                          | Diebold Nixdorf, Inc.                                                                     | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79302.32     | 0.37%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd.                            | Viking Cruises Ltd.                                                                       | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    145000 | PA      | $145151.38    | 0.68%             | 2027-09-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: —       |
| Clydesdale Acquisition Holdings, Inc.          | Clydesdale Acquisition Holdings, Inc.                                                     | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     78000 | PA      | $80199.05     | 0.38%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Standard Industries, Inc.                      | Standard Industries, Inc.                                                                 | CUSIP: 853496AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    163000 | PA      | $156387.02    | 0.74%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                     | Warnermedia Holdings, Inc.                                                                | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     27000 | PA      | $21571.52     | 0.10%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| Hanesbrands, Inc.                              | Hanesbrands, Inc.                                                                         | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |     81000 | PA      | $85843.64     | 0.40%             | 2031-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                   | Performance Food Group, Inc.                                                              | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    155000 | PA      | $150733.08    | 0.71%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                        | Molina Healthcare, Inc.                                                                   | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    133000 | PA      | $123174.72    | 0.58%             | 2030-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Clean Harbors, Inc.                            | Clean Harbors, Inc.                                                                       | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15373.49     | 0.07%             | 2031-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                    | McGraw-Hill Education, Inc.                                                               | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31194.42     | 0.15%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating LLC                | Permian Resources Operating LLC                                                           | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40774.80     | 0.19%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Insight Enterprises, Inc.                      | Insight Enterprises, Inc.                                                                 | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |     51000 | PA      | $52349.97     | 0.25%             | 2032-05-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| JH North America Holdings, Inc.                | JH North America Holdings, Inc.                                                           | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36905.18     | 0.17%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: —       |
| Asbury Automotive Group, Inc.                  | Asbury Automotive Group, Inc.                                                             | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     34000 | PA      | $33024.64     | 0.16%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                       | Venture Global LNG, Inc.                                                                  | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5446.74      | 0.03%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                       | Group 1 Automotive, Inc.                                                                  | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20498.18     | 0.10%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Builders FirstSource, Inc.                     | Builders FirstSource, Inc.                                                                | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50529.91     | 0.24%             | 2030-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Parkland Corp.                                 | Parkland Corp.                                                                            | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $97288.77     | 0.46%             | 2030-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP      | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31463.40     | 0.15%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Wrangler Holdco Corp.                          | Wrangler Holdco Corp.                                                                     | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $26090.10     | 0.12%             | 2032-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                         | Tenet Healthcare Corp.                                                                    | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     77000 | PA      | $76924.14     | 0.36%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Big River Steel LLC                            | Big River Steel LLC                                                                       | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $55066.06     | 0.26%             | 2029-01-31      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| NCL Finance Ltd.                               | NCL Finance Ltd.                                                                          | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     70000 | PA      | $71575.49     | 0.34%             | 2028-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Compass Minerals International, Inc.           | Compass Minerals International, Inc.                                                      | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28102.51     | 0.13%             | 2027-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| WESCO Distribution, Inc.                       | WESCO Distribution, Inc.                                                                  | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     33000 | PA      | $34335.52     | 0.16%             | 2032-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| AmeriTex HoldCo Intermediate LLC               | AmeriTex HoldCo Intermediate LLC                                                          | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     86000 | PA      | $89589.08     | 0.42%             | 2033-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                            | Post Holdings, Inc.                                                                       | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46319.77     | 0.22%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                     | Cloud Software Group, Inc.                                                                | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     61000 | PA      | $61617.34     | 0.29%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                    | McGraw-Hill Education, Inc.                                                               | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    101000 | PA      | $101026.52    | 0.48%             | 2028-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15437.46     | 0.07%             | 2034-01-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                  | Smyrna Ready Mix Concrete LLC                                                             | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    117000 | PA      | $117134.32    | 0.55%             | 2028-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| US Foods, Inc.                                 | US Foods, Inc.                                                                            | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    103000 | PA      | $101578.18    | 0.48%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83000 | PA      | $79708.80     | 0.38%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Valvoline, Inc.                                | Valvoline, Inc.                                                                           | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |    112000 | PA      | $102783.16    | 0.48%             | 2031-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Artera Services LLC                            | Artera Services LLC                                                                       | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |     60000 | PA      | $53068.36     | 0.25%             | 2031-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Edgewell Personal Care Co.                     | Edgewell Personal Care Co.                                                                | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76206.92     | 0.36%             | 2029-04-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Lithia Motors, Inc.                            | Lithia Motors, Inc.                                                                       | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     91000 | PA      | $86989.20     | 0.41%             | 2029-06-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Cinemark USA, Inc.                             | Cinemark USA, Inc.                                                                        | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41607.92     | 0.20%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Voyager Parent LLC                             | Voyager Parent LLC                                                                        | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    115000 | PA      | $121688.41    | 0.57%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                        | Quikrete Holdings, Inc.                                                                   | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82929.92     | 0.39%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Match Group Holdings II LLC                    | Match Group Holdings II LLC                                                               | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    139000 | PA      | $126087.41    | 0.59%             | 2031-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP      | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31483.32     | 0.15%             | 2033-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Somnigroup International, Inc.                 | Somnigroup International, Inc.                                                            | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    120000 | PA      | $110060.12    | 0.52%             | 2031-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| DISH Network Corp.                             | DISH Network Corp.                                                                        | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |     74000 | PA      | $78371.70     | 0.37%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                        | Bath & Body Works, Inc.                                                                   | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41220.08     | 0.19%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Goodyear Tire & Rubber Co. (The)               | Goodyear Tire & Rubber Co. (The)                                                          | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     56000 | PA      | $54120.89     | 0.25%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                       | Venture Global LNG, Inc.                                                                  | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31064.71     | 0.15%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc.                         | LifePoint Health, Inc.                                                                    | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     56000 | PA      | $60714.53     | 0.29%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| WESCO Distribution, Inc.                       | WESCO Distribution, Inc.                                                                  | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41493.53     | 0.20%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| Windstream Services LLC                        | Windstream Services LLC                                                                   | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95033.73     | 0.45%             | 2033-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     56000 | PA      | $51646.86     | 0.24%             | 2032-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Eldorado Gold Corp.                            | Eldorado Gold Corp.                                                                       | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |     84000 | PA      | $84379.45     | 0.40%             | 2029-09-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| Molina Healthcare, Inc.                        | Molina Healthcare, Inc.                                                                   | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     67000 | PA      | $60845.18     | 0.29%             | 2032-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Panther Escrow Issuer LLC                      | Panther Escrow Issuer LLC                                                                 | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $192551.33    | 0.91%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| NESCO Holdings II, Inc.                        | NESCO Holdings II, Inc.                                                                   | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14701.05     | 0.07%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corp.                                  | Calpine Corp.                                                                             | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     74000 | PA      | $74092.50     | 0.35%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Toucan FinCo Ltd.                              | Toucan FinCo Ltd.                                                                         | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $147079.50    | 0.69%             | 2030-05-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Encompass Health Corp.                         | Encompass Health Corp.                                                                    | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66278.07     | 0.31%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                              | Clarios Global LP                                                                         | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $56253.18     | 0.26%             | 2032-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Snap, Inc.                                     | Snap, Inc.                                                                                | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     78000 | PA      | $79809.88     | 0.38%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: —       |
| Tenet Healthcare Corp.                         | Tenet Healthcare Corp.                                                                    | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120171.48    | 0.57%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NGL Energy Operating LLC                       | NGL Energy Operating LLC                                                                  | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     33000 | PA      | $33843.35     | 0.16%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Yum! Brands, Inc.                              | Yum! Brands, Inc.                                                                         | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |     96000 | PA      | $89765.01     | 0.42%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| Sunoco LP                                      | Sunoco LP                                                                                 | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157535.03    | 0.74%             | 2030-09-18      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BellRing Brands, Inc.                          | BellRing Brands, Inc.                                                                     | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |    116000 | PA      | $119921.50    | 0.56%             | 2030-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Jones Deslauriers Insurance Management, Inc.   | Jones Deslauriers Insurance Management, Inc.                                              | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $105142.50    | 0.49%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Reworld Holding Corp.                          | Reworld Holding Corp.                                                                     | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    103000 | PA      | $96961.90     | 0.46%             | 2029-12-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $11984.13     | 0.06%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Viking Baked Goods Acquisition Corp.           | Viking Baked Goods Acquisition Corp.                                                      | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34092.34     | 0.16%             | 2031-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Prestige Brands, Inc.                          | Prestige Brands, Inc.                                                                     | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32263.86     | 0.15%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                          | Albertsons Cos., Inc.                                                                     | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    117000 | PA      | $115094.11    | 0.54%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Raising Cane's Restaurants LLC                 | Raising Cane's Restaurants LLC                                                            | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126119.28    | 0.59%             | 2029-05-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Team Health Holdings, Inc.                     | Team Health Holdings, Inc.                                                                | CUSIP: 87817AAB3<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |     67819 | PA      | $73303.52     | 0.34%             | 2028-06-30      | Fixed         | 13.50%                | Yes           |                  2 | On Loan: No      |
| Patrick Industries, Inc.                       | Patrick Industries, Inc.                                                                  | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |     64000 | PA      | $64992.51     | 0.31%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| Clear Channel Outdoor Holdings, Inc.           | Clear Channel Outdoor Holdings, Inc.                                                      | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     85000 | PA      | $89313.84     | 0.42%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Kinetik Holdings LP                            | Kinetik Holdings LP                                                                       | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    113000 | PA      | $113741.96    | 0.54%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                | Sinclair Television Group, Inc.                                                           | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53407.90     | 0.25%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: —       |
| Rivers Enterprise Lender LLC                   | Rivers Enterprise Lender LLC                                                              | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50477.07     | 0.24%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                     | Avis Budget Car Rental LLC                                                                | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $41871.44     | 0.20%             | 2032-06-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: —       |
| Bombardier, Inc.                               | Bombardier, Inc.                                                                          | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $43185.68     | 0.20%             | 2030-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corp.                                  | Novelis Corp.                                                                             | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96549.31     | 0.45%             | 2030-01-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                        | Bath & Body Works, Inc.                                                                   | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18750.64     | 0.09%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Azorra Finance Ltd.                            | Azorra Finance Ltd.                                                                       | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |     47000 | PA      | $49058.18     | 0.23%             | 2031-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings, Inc.                            | Herc Holdings, Inc.                                                                       | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36564.40     | 0.17%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Avient Corp.                                   | Avient Corp.                                                                              | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35569.57     | 0.17%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56907.07     | 0.27%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Allied Universal Holdco LLC                    | Allied Universal Holdco LLC                                                               | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68209.10     | 0.32%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                         | Cleveland-Cliffs, Inc.                                                                    | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56191.85     | 0.26%             | 2033-05-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| Arsenal AIC Parent LLC                         | Arsenal AIC Parent LLC                                                                    | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     92000 | PA      | $102292.68    | 0.48%             | 2031-10-01      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| Imola Merger Corp.                             | Imola Merger Corp.                                                                        | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    134000 | PA      | $130448.95    | 0.61%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                       | Venture Global LNG, Inc.                                                                  | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     56000 | PA      | $55539.66     | 0.26%             | 2029-09-30      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30771.48     | 0.14%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Aviation Capital Ltd.                  | Phoenix Aviation Capital Ltd.                                                             | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |     81000 | PA      | $86255.20     | 0.41%             | 2030-07-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Ferrellgas LP                                  | Ferrellgas LP                                                                             | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $111770.03    | 0.53%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Virgin Media Secured Finance plc               | Virgin Media Secured Finance plc                                                          | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $188744.14    | 0.89%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.           | Clear Channel Outdoor Holdings, Inc.                                                      | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18833.11     | 0.09%             | 2033-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| Coherent Corp.                                 | Coherent Corp.                                                                            | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |     44000 | PA      | $43444.67     | 0.20%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                                                               | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    194000 | PA      | $185630.90    | 0.87%             | 2029-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                         | Tenet Healthcare Corp.                                                                    | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14600.71     | 0.07%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $15735.49     | 0.07%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CI Financial Corp.                             | CI Financial Corp.                                                                        | CUSIP: 125491AP5<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $36293.94     | 0.17%             | 2051-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                                                               | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40824.52     | 0.19%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Focus Financial Partners LLC                   | Focus Financial Partners LLC                                                              | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |     81000 | PA      | $83013.09     | 0.39%             | 2031-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| IQVIA, Inc.                                    | IQVIA, Inc.                                                                               | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     73000 | PA      | $75145.54     | 0.35%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Vital Energy, Inc.                             | Vital Energy, Inc.                                                                        | CUSIP: 516806AJ5<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |     31000 | PA      | $32390.44     | 0.15%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| Avient Corp.                                   | Avient Corp.                                                                              | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    122000 | PA      | $125472.49    | 0.59%             | 2030-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Bombardier, Inc.                               | Bombardier, Inc.                                                                          | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     61000 | PA      | $61304.82     | 0.29%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     68000 | PA      | $69381.01     | 0.33%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding, Inc.                          | Avantor Funding, Inc.                                                                     | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    121000 | PA      | $119133.27    | 0.56%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV                                            | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    143000 | PA      | $106846.75    | 0.50%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Vital Energy, Inc.                             | Vital Energy, Inc.                                                                        | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1942.84      | 0.01%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.                 | Univision Communications, Inc.                                                            | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47992.82     | 0.23%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: —       |
| Taylor Morrison Communities, Inc.              | Taylor Morrison Communities, Inc.                                                         | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     91000 | PA      | $92181.45     | 0.43%             | 2027-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Masterbrand, Inc.                              | Masterbrand, Inc.                                                                         | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |     87000 | PA      | $90024.21     | 0.42%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Axon Enterprise, Inc.                          | Axon Enterprise, Inc.                                                                     | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20590.55     | 0.10%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: —       |
| Wand NewCo 3, Inc.                             | Wand NewCo 3, Inc.                                                                        | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    149000 | PA      | $157105.60    | 0.74%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| UWM Holdings LLC                               | UWM Holdings LLC                                                                          | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     53000 | PA      | $52780.71     | 0.25%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Parkland Corp.                                 | Parkland Corp.                                                                            | CUSIP: 701ESCA05<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $250.00       | 0.00%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                      | Stonepeak Nile Parent LLC                                                                 | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |     28000 | PA      | $29508.00     | 0.14%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)               | Goodyear Tire & Rubber Co. (The)                                                          | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     28000 | PA      | $26325.10     | 0.12%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Global Medical Response, Inc.                  | Global Medical Response, Inc.                                                             | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |     51000 | PA      | $52526.69     | 0.25%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| Beach Acquisition Bidco LLC                    | Beach Acquisition Bidco LLC                                                               | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    200000 | PA      | $216232.40    | 1.02%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: —       |
| Darling Ingredients, Inc.                      | Darling Ingredients, Inc.                                                                 | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141488.34    | 0.67%             | 2030-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                      | Sunoco LP                                                                                 | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44638.51     | 0.21%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Calderys Financing LLC                         | Calderys Financing LLC                                                                    | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    101000 | PA      | $107219.38    | 0.50%             | 2028-06-01      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| Mohegan Tribal Gaming Authority                | Mohegan Tribal Gaming Authority                                                           | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     82000 | PA      | $85262.37     | 0.40%             | 2030-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: —       |
| RB Global Holdings, Inc.                       | RB Global Holdings, Inc.                                                                  | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |     66000 | PA      | $69112.10     | 0.33%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Clarivate Science Holdings Corp.               | Clarivate Science Holdings Corp.                                                          | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83000 | PA      | $78513.33     | 0.37%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| US Acute Care Solutions LLC                    | US Acute Care Solutions LLC                                                               | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     86000 | PA      | $88169.98     | 0.41%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                     | Cloud Software Group, Inc.                                                                | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     66000 | PA      | $68530.53     | 0.32%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                        | SS&C Technologies, Inc.                                                                   | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66954.61     | 0.32%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                              | Clarios Global LP                                                                         | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     95000 | PA      | $98211.48     | 0.46%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Hudbay Minerals, Inc.                          | Hudbay Minerals, Inc.                                                                     | CUSIP: 443628AJ1<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |     69000 | PA      | $68834.32     | 0.32%             | 2026-04-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Rocket Mortgage LLC                            | Rocket Mortgage LLC                                                                       | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $95452.66     | 0.45%             | 2029-03-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                        | Level 3 Financing, Inc.                                                                   | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     18333 | PA      | $18664.44     | 0.09%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.      | Seagate Data Storage Technology Pte. Ltd.                                                 | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     80000 | PA      | $90684.40     | 0.43%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Arcosa, Inc.                                   | Arcosa, Inc.                                                                              | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     67000 | PA      | $70036.31     | 0.33%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                           | CP Atlas Buyer, Inc.                                                                      | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |     51000 | PA      | $53461.01     | 0.25%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings LLC                       | Celanese US Holdings LLC                                                                  | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    127000 | PA      | $132112.09    | 0.62%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| Science Applications International Corp.       | Science Applications International Corp.                                                  | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40037.42     | 0.19%             | 2033-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Option Care Health, Inc.                       | Option Care Health, Inc.                                                                  | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    188000 | PA      | $181481.19    | 0.85%             | 2029-10-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     52000 | PA      | $51003.31     | 0.24%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Pilgrim's Pride Corp.                          | Pilgrim's Pride Corp.                                                                     | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |     30000 | PA      | $33160.20     | 0.16%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Matador Resources Co.                          | Matador Resources Co.                                                                     | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55564.80     | 0.26%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Block, Inc.                                    | Block, Inc.                                                                               | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53285.44     | 0.25%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| LCM Investments Holdings II LLC                | LCM Investments Holdings II LLC                                                           | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |     91000 | PA      | $89225.74     | 0.42%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Weatherford International Ltd.                 | Weatherford International Ltd.                                                            | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     77000 | PA      | $78767.61     | 0.37%             | 2030-04-30      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.           | Clear Channel Outdoor Holdings, Inc.                                                      | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51719.60     | 0.24%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: —       |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35026.90     | 0.16%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Ball Corp.                                     | Ball Corp.                                                                                | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    109000 | PA      | $111165.94    | 0.52%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Outfront Media Capital LLC                     | Outfront Media Capital LLC                                                                | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119000 | PA      | $114471.58    | 0.54%             | 2030-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Aethon United BR LP                            | Aethon United BR LP                                                                       | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62618.46     | 0.29%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Weatherford International Ltd.                 | Weatherford International Ltd.                                                            | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     30000 | PA      | $30039.62     | 0.14%             | 2033-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Windsor Holdings III LLC                       | Windsor Holdings III LLC                                                                  | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |     96000 | PA      | $101602.46    | 0.48%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Endo Finance Holdings, Inc.                    | Endo Finance Holdings, Inc.                                                               | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $59076.55     | 0.28%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC              | Alliant Holdings Intermediate LLC                                                         | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     82000 | PA      | $84789.50     | 0.40%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $113630.83    | 0.53%             | 2029-09-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                       | Venture Global LNG, Inc.                                                                  | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    101000 | PA      | $106118.21    | 0.50%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                       | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    696140 | NS      | $696139.96    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise, Inc.                          | Axon Enterprise, Inc.                                                                     | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15476.94     | 0.07%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| Morgan Stanley & Co. LLC                       | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   2374314 | NS      | $2374314.00   | 11.17%            |  |  |  | No            |                  1 | On Loan: No      |
| EMRLD Borrower LP                              | EMRLD Borrower LP                                                                         | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    134000 | PA      | $137912.67    | 0.65%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC              | Alliant Holdings Intermediate LLC                                                         | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $12284.19     | 0.06%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| Shift4 Payments LLC                            | Shift4 Payments LLC                                                                       | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     42000 | PA      | $43453.45     | 0.20%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Cinemark USA, Inc.                             | Cinemark USA, Inc.                                                                        | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     98000 | PA      | $97544.46     | 0.46%             | 2028-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257000 | PA      | $242889.34    | 1.14%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.      | Seagate Data Storage Technology Pte. Ltd.                                                 | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     84000 | PA      | $89132.57     | 0.42%             | 2029-12-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| VistaJet Malta Finance plc                     | VistaJet Malta Finance plc                                                                | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $17713.48     | 0.08%             | 2028-06-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings, Inc.                            | Herc Holdings, Inc.                                                                       | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46779.35     | 0.22%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34986.15     | 0.16%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Pilgrim's Pride Corp.                          | Pilgrim's Pride Corp.                                                                     | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    130000 | PA      | $119097.33    | 0.56%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline LP                | Plains All American Pipeline LP, Series B                                                 | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |     91000 | PA      | $91275.64     | 0.43%             | 2173-11-15      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| VT Topco, Inc.                                 | VT Topco, Inc.                                                                            | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    102000 | PA      | $103847.83    | 0.49%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                        | Molina Healthcare, Inc.                                                                   | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26312.49     | 0.12%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| JB Poindexter & Co., Inc.                      | JB Poindexter & Co., Inc.                                                                 | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     56000 | PA      | $58721.77     | 0.28%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: —       |
| Asbury Automotive Group, Inc.                  | Asbury Automotive Group, Inc.                                                             | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13453.89     | 0.06%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WR Grace Holdings LLC                          | WR Grace Holdings LLC                                                                     | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     61000 | PA      | $60697.95     | 0.29%             | 2027-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                    | Allied Universal Holdco LLC                                                               | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30860.55     | 0.15%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                        | Quikrete Holdings, Inc.                                                                   | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     86000 | PA      | $89478.59     | 0.42%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| New Flyer Holdings, Inc.                       | New Flyer Holdings, Inc.                                                                  | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     49000 | PA      | $52483.33     | 0.25%             | 2030-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| AmWINS Group, Inc.                             | AmWINS Group, Inc.                                                                        | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102095.70    | 0.48%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp.                                 | Carnival Corp.                                                                            | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     45000 | PA      | $45851.76     | 0.22%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Superior Plus LP                               | Superior Plus LP                                                                          | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    103000 | PA      | $99453.42     | 0.47%             | 2029-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: —       |
| HUB International Ltd.                         | HUB International Ltd.                                                                    | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109585.36    | 0.52%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64775.17     | 0.30%             | 2031-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                                 | EchoStar Corp.                                                                            | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     69000 | PA      | $75965.55     | 0.36%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Concentra Health Services, Inc.                | Concentra Health Services, Inc.                                                           | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64457.18     | 0.30%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: —       |
| HealthEquity, Inc.                             | HealthEquity, Inc.                                                                        | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121359.40    | 0.57%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Pattern Energy Operations LP                   | Pattern Energy Operations LP                                                              | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     69000 | PA      | $67302.83     | 0.32%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                   | Performance Food Group, Inc.                                                              | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41022.44     | 0.19%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Chart Industries, Inc.                         | Chart Industries, Inc.                                                                    | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    117000 | PA      | $125454.07    | 0.59%             | 2031-01-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Arches Buyer, Inc.                             | Arches Buyer, Inc.                                                                        | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93177.05     | 0.44%             | 2028-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Amneal Pharmaceuticals LLC                     | Amneal Pharmaceuticals LLC                                                                | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28992.95     | 0.14%             | 2032-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                         | Cleveland-Cliffs, Inc.                                                                    | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46414.17     | 0.22%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| WESCO Distribution, Inc.                       | WESCO Distribution, Inc.                                                                  | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32986.59     | 0.16%             | 2029-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Compass Group Diversified Holdings LLC         | Compass Group Diversified Holdings LLC                                                    | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    101750 | PA      | $94082.57     | 0.44%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Standard Industries, Inc.                      | Standard Industries, Inc.                                                                 | CUSIP: 853496AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $22660.95     | 0.11%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                      | Sunoco LP                                                                                 | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    111000 | PA      | $106960.39    | 0.50%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.          | Clydesdale Acquisition Holdings, Inc.                                                     | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     69000 | PA      | $70835.06     | 0.33%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Block, Inc.                                    | Block, Inc.                                                                               | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45625.86     | 0.21%             | 2030-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: —       |
| Olympus Water US Holding Corp.                 | Olympus Water US Holding Corp.                                                            | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200333.31    | 0.94%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                  | TerraForm Power Operating LLC                                                             | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     32000 | PA      | $30953.47     | 0.15%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Esab Corp.                                     | Esab Corp.                                                                                | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63770.29     | 0.30%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TopBuild Corp.                                 | TopBuild Corp.                                                                            | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    135000 | PA      | $126657.70    | 0.60%             | 2032-02-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                  | Clearway Energy Operating LLC                                                             | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     27000 | PA      | $24804.85     | 0.12%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: —       |
| Cougar JV Subsidiary LLC                       | Cougar JV Subsidiary LLC                                                                  | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     69000 | PA      | $73460.02     | 0.35%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Adtalem Global Education, Inc.                 | Adtalem Global Education, Inc.                                                            | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99753.45     | 0.47%             | 2028-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| Transocean International Ltd.                  | Transocean International Ltd.                                                             | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     49500 | PA      | $52120.33     | 0.25%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Compass Minerals International, Inc.           | Compass Minerals International, Inc.                                                      | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61715.59     | 0.29%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| Clean Harbors, Inc.                            | Clean Harbors, Inc.                                                                       | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    117000 | PA      | $116999.56    | 0.55%             | 2027-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Park River Holdings, Inc.                      | Park River Holdings, Inc.                                                                 | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53706.98     | 0.25%             | 2031-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                  | TerraForm Power Operating LLC                                                             | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88423.99     | 0.42%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating LLC                | Permian Resources Operating LLC                                                           | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    177000 | PA      | $177925.00    | 0.84%             | 2029-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| LBM Acquisition LLC                            | LBM Acquisition LLC                                                                       | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     72000 | PA      | $75748.95     | 0.36%             | 2031-06-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25591.28     | 0.12%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                      | Vistra Operations Co. LLC                                                                 | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    136000 | PA      | $135651.94    | 0.64%             | 2027-07-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                  | SM Energy Co.                                                                             | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45067.55     | 0.21%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                       | Venture Global LNG, Inc.                                                                  | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     20000 | PA      | $22053.00     | 0.10%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Stagwell Global LLC                            | Stagwell Global LLC                                                                       | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |     69000 | PA      | $67085.51     | 0.32%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Cushman & Wakefield US Borrower LLC            | Cushman & Wakefield US Borrower LLC                                                       | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |     68000 | PA      | $68672.25     | 0.32%             | 2028-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| EquipmentShare.com, Inc.                       | EquipmentShare.com, Inc.                                                                  | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     31000 | PA      | $33507.71     | 0.16%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: —       |
| Specialty Building Products Holdings LLC       | Specialty Building Products Holdings LLC                                                  | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     68000 | PA      | $69138.18     | 0.33%             | 2029-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Builders FirstSource, Inc.                     | Builders FirstSource, Inc.                                                                | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    208000 | PA      | $195784.62    | 0.92%             | 2032-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Roller Bearing Co. of America, Inc.            | Roller Bearing Co. of America, Inc.                                                       | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121561.93    | 0.57%             | 2029-10-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                       | Group 1 Automotive, Inc.                                                                  | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    128000 | PA      | $124498.09    | 0.59%             | 2028-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| VistaJet Malta Finance plc                     | VistaJet Malta Finance plc                                                                | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    104000 | PA      | $101455.48    | 0.48%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                 | NCL Corp. Ltd.                                                                            | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     55000 | PA      | $56598.11     | 0.27%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     78000 | PA      | $85267.34     | 0.40%             | 2028-03-15      | Variable      | 10.25%                | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                         | Cleveland-Cliffs, Inc.                                                                    | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30931.80     | 0.15%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: —       |
| NGL Energy Operating LLC                       | NGL Energy Operating LLC                                                                  | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $21547.11     | 0.10%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: —       |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                                                               | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44351.32     | 0.21%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Seaspan Corp.                                  | Seaspan Corp.                                                                             | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    107000 | PA      | $103267.32    | 0.49%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation LLC                           | Alpha Generation LLC                                                                      | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118795.05    | 0.56%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| 1011778 BC ULC                                 | 1011778 BC ULC                                                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    135000 | PA      | $127368.23    | 0.60%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| Fortrea Holdings, Inc.                         | Fortrea Holdings, Inc.                                                                    | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66373.32     | 0.31%             | 2030-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                         | Sonic Automotive, Inc.                                                                    | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    134000 | PA      | $128233.55    | 0.60%             | 2031-11-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                              | Rocket Cos., Inc.                                                                         | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $46217.48     | 0.22%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Hudbay Minerals, Inc.                          | Hudbay Minerals, Inc.                                                                     | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $35314.18     | 0.17%             | 2029-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: —       |
| Bombardier, Inc.                               | Bombardier, Inc.                                                                          | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $31392.99     | 0.15%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| AMN Healthcare, Inc.                           | AMN Healthcare, Inc.                                                                      | CUSIP: 00175PAB9<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76017.10     | 0.36%             | 2027-10-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Moog, Inc.                                     | Moog, Inc.                                                                                | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    111000 | PA      | $109508.10    | 0.52%             | 2027-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty LLC                             | Ryan Specialty LLC                                                                        | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    103000 | PA      | $104229.92    | 0.49%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Champ Acquisition Corp.                        | Champ Acquisition Corp.                                                                   | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     53000 | PA      | $56478.66     | 0.27%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC Ltd.                                | 1261229 BC Ltd.                                                                           | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $205168.41    | 0.97%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: —       |
| GFL Environmental, Inc.                        | GFL Environmental, Inc.                                                                   | CUSIP: 36168QAN4<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    213000 | PA      | $210612.65    | 0.99%             | 2029-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| WESCO Distribution, Inc.                       | WESCO Distribution, Inc.                                                                  | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    108000 | PA      | $109495.26    | 0.52%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                 | NCL Corp. Ltd.                                                                            | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     95000 | PA      | $101206.16    | 0.48%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: —       |
| Rocket Cos., Inc.                              | Rocket Cos., Inc.                                                                         | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $72335.48     | 0.34%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Amentum Holdings, Inc.                         | Amentum Holdings, Inc.                                                                    | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |     41000 | PA      | $42605.60     | 0.20%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corp.                                  | Novelis Corp.                                                                             | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     26000 | PA      | $23725.47     | 0.11%             | 2031-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| Playtika Holding Corp.                         | Playtika Holding Corp.                                                                    | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |     94000 | PA      | $86389.29     | 0.41%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies, Inc.                     | Sensata Technologies, Inc.                                                                | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     81000 | PA      | $74826.48     | 0.35%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp.                               | Fair Isaac Corp.                                                                          | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     85000 | PA      | $82766.52     | 0.39%             | 2028-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                        | Kodiak Gas Services LLC                                                                   | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15410.72     | 0.07%             | 2035-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50816.30     | 0.24%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                           | CP Atlas Buyer, Inc.                                                                      | CUSIP: 12597YAD1<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2998.72      | 0.01%             | 2031-01-15      | Variable      | 12.75%                | Yes           |                  2 | On Loan: No      |
| Heartland Dental LLC                           | Heartland Dental LLC                                                                      | CUSIP: 42239PAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $31648.02     | 0.15%             | 2028-04-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| CACI International, Inc.                       | CACI International, Inc.                                                                  | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41312.03     | 0.19%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| Watco Cos. LLC                                 | Watco Cos. LLC                                                                            | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $56975.33     | 0.27%             | 2032-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| JH North America Holdings, Inc.                | JH North America Holdings, Inc.                                                           | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28453.73     | 0.13%             | 2031-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                      | Vistra Operations Co. LLC                                                                 | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57563.37     | 0.27%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| RB Global Holdings, Inc.                       | RB Global Holdings, Inc.                                                                  | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67557.34     | 0.32%             | 2028-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                            | Medline Borrower LP                                                                       | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    253000 | PA      | $250999.58    | 1.18%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| EQT Corp.                                      | EQT Corp.                                                                                 | CUSIP: 26884LAT6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     51000 | PA      | $52224.02     | 0.25%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                  | Calpine Corp.                                                                             | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     56000 | PA      | $55871.33     | 0.26%             | 2031-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ON Semiconductor Corp.                         | ON Semiconductor Corp.                                                                    | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |     91000 | PA      | $88430.31     | 0.42%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC                                 | 1011778 BC ULC                                                                            | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    109000 | PA      | $106540.26    | 0.50%             | 2028-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| Churchill Downs, Inc.                          | Churchill Downs, Inc.                                                                     | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99978.34     | 0.47%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Open Text Corp.                                | Open Text Corp.                                                                           | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     63000 | PA      | $61334.07     | 0.29%             | 2028-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Lithia Motors, Inc.                            | Lithia Motors, Inc.                                                                       | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     92000 | PA      | $87434.72     | 0.41%             | 2031-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41231.80     | 0.19%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                                                               | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    112000 | PA      | $115275.15    | 0.54%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP      | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112899.17    | 0.53%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                        | Kodiak Gas Services LLC                                                                   | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36676.83     | 0.17%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp.                                 | Carnival Corp.                                                                            | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    145000 | PA      | $147257.07    | 0.69%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| Civitas Resources, Inc.                        | Civitas Resources, Inc.                                                                   | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     77000 | PA      | $79804.69     | 0.38%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                          | Albertsons Cos., Inc.                                                                     | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     47000 | PA      | $47054.72     | 0.22%             | 2028-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                      | Sunoco LP                                                                                 | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47259.95     | 0.22%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Morgan Stanley ETF Trust

**Signature:** Francis J. Smith

**Name of Signer:** Francis J. Smith

**Title:** Principal Financial Officer