# EDGAR Filing Document

**Accession Number:** 0000831655
**File Stem:** 0001752724-25-210942
**Filing Date:** 2025-8
**Character Count:** 190131
**Document Hash:** b06c759dea51a6d078e789322e3284e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210942.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210942

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARINGS PARTICIPATION INVESTORS
- **CENTRAL INDEX KEY:** 0000831655

**ORGANIZATION NAME:**
- **EIN:** 043025730
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05531
- **FILM NUMBER:** 251269824

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BARINGS LLC
- **STREET 2:** 300 SOUTH TRYON STREET, SUITE 2500
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** 704-805-7200

**MAIL ADDRESS:**
- **STREET 1:** C/O BARINGS LLC
- **STREET 2:** 300 SOUTH TRYON STREET, SUITE 2500
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BABSON CAPITAL PARTICIPATION INVESTORS
- **DATE OF NAME CHANGE:** 20111230

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASSMUTUAL PARTICIPATION INVESTORS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASSMUTUAL CORPORATE INVESTORS II
- **DATE OF NAME CHANGE:** 19880417

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BARINGS PARTICIPATION INVESTORS

- **b. Investment Company Act file number:** 811-05531

- **c. CIK number of Registrant:** 0000831655

- **d. LEI of Registrant:** 549300BL6L2WBLZ3L146

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

  - **Street Address 1:** 300 South Tryon Street

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28202

  - **Telephone number:** 704-805-7200

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

- **a. Name of Series:** BARINGS PARTICIPATION INVESTORS

- **c. LEI of Series:** 549300BL6L2WBLZ3L146

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $193534044.80

**Total Liabilities:** $25416326.44

**Net Assets:** $168117718.36

**Cash Not Reported:** $4216551.77

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 5383.01000000 | **1-Year:** 694.63000000 | **5-Year:** 21610.13000000 | **10-Year:** 10429.28000000 | **30-Year:** 0.00000000

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

- **3-Month:** 270.69000000 | **1-Year:** 0.00000000 | **5-Year:** 2419.36000000 | **10-Year:** 2437.61000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.26%                | 0.81%                | 1.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4874.61                 | $-322104.43                                |
| Month 2  | $341358.48               | $-40872.37                                 |
| Month 3  | $547660.82               | $207659.79                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SANDVINE CORPORATION CLASS B SHARES                | SANDVINE CORPORATION CLASS B SHARES                | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      2395 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DECKS DIRECT LLC CLASS A UNITS                     | DECKS DIRECT LLC CLASS A UNITS                     | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       553 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HOP ENTERTAINMENT LLC UNIT CLASS H                 | HOP ENTERTAINMENT LLC UNIT CLASS H                 | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        47 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SMARTLING, INC.-REVOLVER                           | SMARTLING, INC.-REVOLVER                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    101471 | PA      | $0.00         | 0.00%             | 2027-10-26      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ALDINGER INTERMEDIATE HOLDINGS INC.-HOLDCO NOTE TE | ALDINGER INTERMEDIATE HOLDINGS INC.-HOLDCO NOTE TE | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1000000 | PA      | $265714.28    | 0.16%             | 2030-03-31      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| SPATCO ENERGY SOLUTIONS, LLC-2024 DDTL B           | SPATCO ENERGY SOLUTIONS, LLC-2024 DDTL B           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    301962 | PA      | $63424.97     | 0.04%             | 2030-07-23      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| MNS ENGINEERS INC TERM LOAN                        | MNS ENGINEERS INC TERM LOAN                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    755000 | PA      | $755000.00    | 0.45%             | 2027-07-30      | Floating      | 9.43%                 | Yes           |                  3 | On Loan: No      |
| ASC COMMUNICATIONS LLC (BECKERS HEALTHCARE) CLAS   | ASC COMMUNICATIONS LLC (BECKERS HEALTHCARE) CLAS   | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       535 | NS      | $19840.02     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| UNOSQUARE LLC-DELAYED DRAW TERM LOAN               | UNOSQUARE LLC-DELAYED DRAW TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    164365 | PA      | $-2465.48     | -0.00%            | 2031-06-02      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| TAPCO BUYER LLC UNITRANCHE TERM LOAN               | TAPCO BUYER LLC UNITRANCHE TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    905045 | PA      | $894274.81    | 0.53%             | 2030-11-15      | Floating      | 8.83%                 | Yes           |                  3 | On Loan: No      |
| POLICY SERVICES COMPANY, LLC-PIK TOGGLE DDTL       | POLICY SERVICES COMPANY, LLC-PIK TOGGLE DDTL       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    494320 | PA      | $490315.95    | 0.29%             | 2026-06-22      | Floating      | 4.00%                 | Yes           |                  3 | On Loan: No      |
| AD BIDCO, INC.-REVOLVER                            | AD BIDCO, INC.-REVOLVER                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    101913 | PA      | $-1121.05     | -0.00%            | 2030-03-13      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| PROCESS INSIGHTS COMMON EQUITY                     | PROCESS INSIGHTS COMMON EQUITY                     | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        32 | NS      | $16687.36     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CATAWBA NATION GAMING AUTHORITY TERM LOAN B        | CATAWBA NATION GAMING AUTHORITY TERM LOAN B        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    280400 | PA      | $283321.77    | 0.17%             | 2032-03-29      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| HSID ACQUISITION LLC 2025 4TH AMENDMENT TERM LOAN  | HSID ACQUISITION LLC 2025 4TH AMENDMENT TERM LOAN  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    588344 | PA      | $583284.37    | 0.35%             | 2028-01-31      | Floating      | 8.88%                 | Yes           |                  3 | On Loan: No      |
| SEKO GLOBAL LOGISTICS NETWORK LLC COMMON STOCK     | SEKO GLOBAL LOGISTICS NETWORK LLC COMMON STOCK     | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       184 | NS      | $466053.60    | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PRO VISION-REVOLVER                                | PRO VISION-REVOLVER                                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    192019 | PA      | $20891.62     | 0.01%             | 2030-09-23      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| RKD GROUP LLC-2025 REVOLVER                        | RKD GROUP LLC-2025 REVOLVER                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    130533 | PA      | $-1429.33     | -0.00%            | 2031-05-19      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| DIVERSIFIED PACKAGING EQUITY                       | DIVERSIFIED PACKAGING EQUITY                       | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      2769 | NS      | $365729.52    | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ENERGY ACQUISITION LP-DDTL                         | ENERGY ACQUISITION LP-DDTL                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     39000 | PA      | $-624.00      | -0.00%            | 2029-05-10      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| PARKVIEW DENTAL PARTNERS EQUITY                    | PARKVIEW DENTAL PARTNERS EQUITY                    | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     29166 | NS      | $255785.82    | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cascade Services-Revolver                          | Cascade Services-Revolver                          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     66176 | PA      | $61213.23     | 0.04%             | 2029-09-30      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| RWA HOLDING COMPANY (GB KING HOLDINGS LP)CLASS A   | RWA HOLDING COMPANY (GB KING HOLDINGS LP)CLASS A   | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        54 | NS      | $6850.98      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| POLYTEX ENVIRONMENTAL INKS 13.9% 12/31/2027        | POLYTEX ENVIRONMENTAL INKS 13.9% 12/31/2027        | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |   2376372 | PA      | $1000452.49   | 0.60%             | 2027-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CJS GLOBAL 2024 TERM LOAN C                        | CJS GLOBAL 2024 TERM LOAN C                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1272756 | PA      | $1265119.36   | 0.75%             | 2029-03-20      | Floating      | 10.12%                | Yes           |                  3 | On Loan: No      |
| WWEC HOLDINGS II CORP-DELAY DRAW TERM LOAN         | WWEC HOLDINGS II CORP-DELAY DRAW TERM LOAN         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    152950 | PA      | $150992.54    | 0.09%             | 2028-10-03      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| RKD GROUP LLC 2025 TERM LOAN                       | RKD GROUP LLC 2025 TERM LOAN                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1405293 | PA      | $1389905.35   | 0.83%             | 2031-05-19      | Floating      | 9.82%                 | Yes           |                  3 | On Loan: No      |
| HEARTLAND VETERINARY PARTNERS LLC-2021 DELAYED DRA | HEARTLAND VETERINARY PARTNERS LLC-2021 DELAYED DRA | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    349550 | PA      | $323333.44    | 0.19%             | 2028-12-10      | Floating      | 11.00%                | Yes           |                  3 | On Loan: No      |
| ELITE SPORTSWEAR HOLDING LLC                       | ELITE SPORTSWEAR HOLDING LLC                       | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |   1218266 | NS      | $158374.54    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WC ORS BUYER INC-DELAYED DRAW TERM LOAN            | WC ORS BUYER INC-DELAYED DRAW TERM LOAN            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    123304 | PA      | $121454.46    | 0.07%             | 2031-08-07      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| LOCKMASTERS SECURITY INTERMEDIATE, INC-DDTL        | LOCKMASTERS SECURITY INTERMEDIATE, INC-DDTL        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    118575 | PA      | $-1185.75     | -0.00%            | 2027-09-01      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| ZB HOLDCO LLC TERM LOAN                            | ZB HOLDCO LLC TERM LOAN                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    535629 | PA      | $528934.03    | 0.31%             | 2028-02-09      | Floating      | 10.20%                | Yes           |                  3 | On Loan: No      |
| CARRIAGE PURCHASER INC 7.875 10/15/29 144A         | CARRIAGE PURCHASER INC 7.875 10/15/29 144A         | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    750000 | PA      | $666410.55    | 0.40%             | 2029-10-15      | Floating      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTSIGN LLC-REVOLVER                            | Brightsign LLC-Revolver                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    134202 | PA      | $81416.17     | 0.05%             | 2027-10-14      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| BKF ENGINEERS TERM LOAN                            | BKF ENGINEERS TERM LOAN                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    452654 | PA      | $446180.71    | 0.27%             | 2030-08-23      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| NORTHSTAR RECYCLING-2024 SENIOR REVOLVER           | NORTHSTAR RECYCLING-2024 SENIOR REVOLVER           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    208264 | PA      | $-2082.64     | -0.00%            | 2029-12-16      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| POLYTEX HOLDINGS LLC                               | POLYTEX HOLDINGS LLC                               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    148096 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MADISON IAQ HOLDINGS II LLC UNITS                  | MADISON IAQ HOLDINGS II LLC UNITS                  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    726845 | NS      | $13737376.74  | 8.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EFC INTERNATIONAL COMMON EQUITY                    | EFC INTERNATIONAL COMMON EQUITY                    | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       205 | NS      | $347071.38    | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| UNOSQUARE LLC TERM LOAN                            | UNOSQUARE LLC TERM LOAN                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    361603 | PA      | $356179.28    | 0.21%             | 2031-06-02      | Floating      | 9.08%                 | Yes           |                  3 | On Loan: No      |
| CALIFORNIA CUSTOM FRUITS & FLAVORS-REVOLVER        | CALIFORNIA CUSTOM FRUITS & FLAVORS-REVOLVER        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     55093 | PA      | $-611.53      | -0.00%            | 2030-02-26      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| FOREST BUYER, LLC-REVOLVER                         | FOREST BUYER, LLC-REVOLVER                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    119048 | PA      | $-845.24      | -0.00%            | 2030-03-15      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ROCK-IT CARGO 2026 TERM LOAN                       | ROCK-IT CARGO 2026 TERM LOAN                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   2392914 | PA      | $2380949.04   | 1.42%             | 2026-07-31      | Floating      | 9.42%                 | Yes           |                  3 | On Loan: No      |
| ESHIPPING LLC-REVOLVER                             | EShipping LLC-Revolver                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    170937 | PA      | $0.00         | 0.00%             | 2027-11-05      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| OCELOT BIDCO FIXED TAKEBACK TERM LOAN              | OCELOT BIDCO FIXED TAKEBACK TERM LOAN              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    183333 | PA      | $183333.33    | 0.11%             | 2027-10-20      | Fixed         | 10.00%                | Yes           |                  3 | On Loan: No      |
| RAPID BUYER LLC-REVOLVER                           | RAPID BUYER LLC-REVOLVER                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     81992 | PA      | $-942.90      | -0.00%            | 2030-10-15      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Parkview Dental Partners LLC-Delayed Draw Term Loa | Parkview Dental Partners LLC-Delayed Draw Term Loa | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     28500 | PA      | $28386.00     | 0.02%             | 2029-10-12      | Floating      | 13.73%                | Yes           |                  3 | On Loan: No      |
| AUDIO PRECISION 2018 TERM LOAN                     | AUDIO PRECISION 2018 TERM LOAN                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1685115 | PA      | $1546935.57   | 0.92%             | 2025-08-15      | Floating      | 11.43%                | Yes           |                  3 | On Loan: No      |
| USA INDUSTRIES MEZZANINE TERM LOAN                 | USA INDUSTRIES MEZZANINE TERM LOAN                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    632173 | PA      | $629012.54    | 0.37%             | 2029-06-30      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| JONES FISH-DELAYED DRAW TERM LOAN                  | JONES FISH-DELAYED DRAW TERM LOAN                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    262895 | PA      | $260265.79    | 0.15%             | 2028-02-28      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| CONNECT FINCO SARL/CONNE 9.0 09/15/29 144A         | CONNECT FINCO SARL/CONNE 9.0 09/15/29 144A         | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    480000 | PA      | $482461.44    | 0.29%             | 2029-09-15      | None          | 9.00%                 | Yes           |                  2 | On Loan: No      |
| MNS ENGINEERS INC LLC UNITS - 12/31/3999           | MNS ENGINEERS INC LLC UNITS - 12/31/3999           | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    100000 | NS      | $145000.00    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SCREENVISION, LLC-REVOLVER                         | SCREENVISION, LLC-REVOLVER                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     52464 | PA      | $-1049.28     | -0.00%            | 2030-04-25      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| BECKLAR LLC-2024 DELAYED DRAW TERM LOAN            | BECKLAR LLC-2024 DELAYED DRAW TERM LOAN            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    119306 | PA      | $-1455.54     | -0.00%            | 2030-12-06      | None          | 0.75%                 | Yes           |                  3 | On Loan: No      |
| V-SKY CO-INVEST AGGREGATOR LP                      | V-SKY CO-INVEST AGGREGATOR LP                      | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        75 | NS      | $52622.94     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TOUCHSTONE HEALTH PARTNERSHIP COMMON STOCK         | TOUCHSTONE HEALTH PARTNERSHIP COMMON STOCK         | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       292 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ISTO Biologics-Revolver                            | ISTO Biologics-Revolver                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     60932 | PA      | $-182.80      | -0.00%            | 2028-10-18      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| SCP MEDICAL PRODUCTS LLC                           | SCP MEDICAL PRODUCTS LLC                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    453928 | PA      | $448254.32    | 0.27%             | 2031-06-27      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| SMARTLING, INC.-DELAYED DRAW TERM LOAN             | SMARTLING, INC.-DELAYED DRAW TERM LOAN             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    198375 | PA      | $198375.03    | 0.12%             | 2027-11-08      | Floating      | 8.93%                 | Yes           |                  3 | On Loan: No      |
| TERRIER MEDIA BUYER INC 8.875 12/15/27 144A        | TERRIER MEDIA BUYER INC 8.875 12/15/27 144A        | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    428000 | PA      | $403459.91    | 0.24%             | 2027-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| SBP HOLDING LP-REVOLVER                            | SBP HOLDING LP-REVOLVER                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    162503 | PA      | $-406.26      | -0.00%            | 2028-03-27      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| CALIFORNIA CUSTOM FRUITS & FLAVORS EQUITY          | CALIFORNIA CUSTOM FRUITS & FLAVORS EQUITY          | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        12 | NS      | $12298.92     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WOODLAND FOODS INC. CASH EQUITY - COMMON A UNITS   | WOODLAND FOODS INC. CASH EQUITY - COMMON A UNITS   | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       146 | NS      | $129832.01    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WHITCRAFT LLC-2023 REVOLVER                        | WHITCRAFT LLC-2023 REVOLVER                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    125748 | PA      | $23473.05     | 0.01%             | 2029-02-15      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| TIPCO TECHNOLOGIES TERM LOAN                       | TIPCO TECHNOLOGIES TERM LOAN                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    238715 | PA      | $236113.38    | 0.14%             | 2027-09-03      | Floating      | 9.55%                 | Yes           |                  3 | On Loan: No      |
| GOLDEN CERAMIC DENTAL LAB TERM LOAN                | GOLDEN CERAMIC DENTAL LAB TERM LOAN                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    925439 | PA      | $913871.20    | 0.54%             | 2027-08-07      | Floating      | 10.30%                | Yes           |                  3 | On Loan: No      |
| SVI INTERNATIONAL, INC.-REVOLVER                   | SVI INTERNATIONAL, INC.-REVOLVER                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    111386 | PA      | $59405.94     | 0.04%             | 2030-03-04      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| LOCKMASTERS SECURITY INTERMEDIATE INC AMENDMENT NO | LOCKMASTERS SECURITY INTERMEDIATE INC AMENDMENT NO | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    552545 | PA      | $548401.26    | 0.33%             | 2027-09-01      | Floating      | 9.30%                 | Yes           |                  3 | On Loan: No      |
| BRIDGER AERO SERIES C PREF                         | BRIDGER AERO SERIES C PREF                         | CUSIP: 000000000<br>LEI: N/A | Long             | EP               | CORP              | US        |       183 | NS      | $187560.36    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CAI SOFTWARE-REVOLVER                              | CAI Software-Revolver                              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    235746 | PA      | $117873.20    | 0.07%             | 2028-12-10      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| SVI INTERNATIONALINCTERM LOAN                      | SVI INTERNATIONALINCTERM LOAN                      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    879022 | PA      | $879022.25    | 0.52%             | 2030-03-04      | Floating      | 11.03%                | Yes           |                  3 | On Loan: No      |
| SCALED AGILE, INC.-DELAYED DRAW TERM LOAN          | SCALED AGILE, INC.-DELAYED DRAW TERM LOAN          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     57804 | PA      | $49364.52     | 0.03%             | 2028-12-15      | Floating      | 3.75%                 | Yes           |                  3 | On Loan: No      |
| THE CAPROCK GROUP-DDTL                             | THE CAPROCK GROUP-DDTL                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    233456 | PA      | $231121.59    | 0.14%             | 2028-12-22      | Floating      | 9.05%                 | Yes           |                  3 | On Loan: No      |
| SAFETY PRODUCTS HOLDINGS LLC/JUSTRITE-DELAYED DRAW | SAFETY PRODUCTS HOLDINGS LLC/JUSTRITE-DELAYED DRAW | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    523591 | PA      | $523591.11    | 0.31%             | 2026-12-16      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| LYNX FRANCHISING LLC 2020 TERM LOAN                | LYNX FRANCHISING LLC 2020 TERM LOAN                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1647375 | PA      | $1627606.50   | 0.97%             | 2026-12-23      | Floating      | 10.67%                | Yes           |                  3 | On Loan: No      |
| HSID ACQUISITION LLC-2025 REVOLVER                 | HSID ACQUISITION LLC-2025 REVOLVER                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     83998 | PA      | $-722.38      | -0.00%            | 2028-01-31      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| WC ORS BUYER INC TERM LOAN                         | WC ORS BUYER INC TERM LOAN                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    179430 | PA      | $176738.19    | 0.11%             | 2031-08-07      | Floating      | 9.30%                 | Yes           |                  3 | On Loan: No      |
| CASH FLOW MANAGEMENT TERM LOAN                     | CASH FLOW MANAGEMENT TERM LOAN                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    882928 | PA      | $874098.91    | 0.52%             | 2027-12-28      | Floating      | 9.03%                 | Yes           |                  3 | On Loan: No      |
| CMT OPCO HOLDING LLC INCREMENTAL EQUITY            | CMT OPCO HOLDING LLC INCREMENTAL EQUITY            | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       443 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MISSION MICROWAVE-REVOLVER                         | MISSION MICROWAVE-REVOLVER                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     99734 | PA      | $19747.34     | 0.01%             | 2030-03-01      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| GOJO INDUSTRIES INC.TERM LOAN                      | GOJO INDUSTRIES INC.TERM LOAN                      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    618561 | PA      | $618560.54    | 0.37%             | 2028-10-26      | Floating      | 13.83%                | Yes           |                  3 | On Loan: No      |
| MOBILE PRO SYSTEMS PIK FIXED 2ND LIEN TERM LOAN    | MOBILE PRO SYSTEMS PIK FIXED 2ND LIEN TERM LOAN    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    607891 | PA      | $607890.80    | 0.36%             | 2027-06-23      | Fixed         | 11.00%                | Yes           |                  3 | On Loan: No      |
| ICE HOUSE AMERICA-DELAYED DRAW TERM LOAN           | ICE HOUSE AMERICA-DELAYED DRAW TERM LOAN           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    180180 | PA      | $174234.23    | 0.10%             | 2030-01-12      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| TAILWIND RANDYS HOLDINGS INC FIRST LIEN TERM LOAN  | TAILWIND RANDYS HOLDINGS INC FIRST LIEN TERM LOAN  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    129064 | PA      | $128625.55    | 0.08%             | 2029-11-01      | Floating      | 9.26%                 | Yes           |                  3 | On Loan: No      |
| BBB INDUSTRIES LLC - DBA (GC EOS BUYER INC) EQUIT  | BBB INDUSTRIES LLC - DBA (GC EOS BUYER INC) EQUIT  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        45 | NS      | $43437.15     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MC GROUP VENTURES CORPORATION 2021 TERM LOAN       | MC GROUP VENTURES CORPORATION 2021 TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    562457 | PA      | $547270.49    | 0.33%             | 2027-06-30      | Floating      | 9.88%                 | Yes           |                  3 | On Loan: No      |
| PROCESS INSIGHTS LOAN-DDTL                         | PROCESS INSIGHTS LOAN-DDTL                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    105865 | PA      | $45521.80     | 0.03%             | 2029-07-18      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| HOOSIER HD HOLDINGS INC PREFERRED STOCK            | HOOSIER HD HOLDINGS INC PREFERRED STOCK            | CUSIP: 000000000<br>LEI: N/A | Long             | EP               | CORP              | US        |       210 | NS      | $209390.40    | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRINTECH INC 2023 TERM LOAN                        | TRINTECH INC 2023 TERM LOAN                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1577759 | PA      | $1560876.93   | 0.93%             | 2029-07-25      | Floating      | 9.83%                 | Yes           |                  3 | On Loan: No      |
| MC GROUP VENTURES-DDTL                             | MC GROUP VENTURES-DDTL                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    349145 | PA      | $-10823.48    | -0.01%            | 2027-06-30      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| W50 HOLDINGS LLC 2024 TERM LOAN                    | W50 HOLDINGS LLC 2024 TERM LOAN                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1620540 | PA      | $1620539.74   | 0.96%             | 2030-03-22      | Floating      | 9.74%                 | Yes           |                  3 | On Loan: No      |
| CJS GLOBAL COMMON EQUITY                           | CJS GLOBAL COMMON EQUITY                           | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    303180 | NS      | $260823.20    | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| 1WS INTERMEDIATE, INC (1WORLDSYNC)-DELAYED DRAW TE | 1WS INTERMEDIATE, INC (1WORLDSYNC)-DELAYED DRAW TE | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     62531 | PA      | $62531.16     | 0.04%             | 2025-10-08      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| ADVANTAGE SOFTWARE CLASS B - 2 UNITS               | ADVANTAGE SOFTWARE CLASS B - 2 UNITS               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       197 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MEDIA RECOVERY INC. 2024 USD SENIOR TERM LOAN      | MEDIA RECOVERY INC. 2024 USD SENIOR TERM LOAN      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    980705 | PA      | $969622.77    | 0.58%             | 2030-09-30      | Floating      | 8.80%                 | Yes           |                  3 | On Loan: No      |
| WOODLAND FOODS INC 2025 SENIOR TERM LOAN           | WOODLAND FOODS INC 2025 SENIOR TERM LOAN           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    242669 | PA      | $239272.04    | 0.14%             | 2027-12-01      | Floating      | 9.97%                 | Yes           |                  3 | On Loan: No      |
| DISTROKID CASH EQUITY                              | DISTROKID CASH EQUITY                              | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     73333 | NS      | $91666.09     | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SWOOP-REVOLVER                                     | SWOOP-REVOLVER                                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     60606 | PA      | $-303.03      | -0.00%            | 2032-04-12      | None          | 0.38%                 | Yes           |                  3 | On Loan: No      |
| FOLLETT SCHOOL SOLUTIONS - LP UNITS - 12/31/3999   | FOLLETT SCHOOL SOLUTIONS - LP UNITS - 12/31/3999   | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       880 | NS      | $12811.28     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NAVIA BENEFIT SOLUTIONS TERM LOAN                  | NAVIA BENEFIT SOLUTIONS TERM LOAN                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    991012 | PA      | $991012.50    | 0.59%             | 2029-02-11      | Floating      | 8.83%                 | Yes           |                  3 | On Loan: No      |
| AP HIGHLANDS HOLDINGS LP FIXED PIK TERM LOAN       | AP HIGHLANDS HOLDINGS LP FIXED PIK TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    437794 | PA      | $430789.42    | 0.26%             | 2028-10-15      | Fixed         | 9.38%                 | Yes           |                  3 | On Loan: No      |
| HOP ENTERTAINMENT LLC UNIT CLASS I                 | HOP ENTERTAINMENT LLC UNIT CLASS I                 | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        47 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PROFITOPTICS TERM LOAN                             | PROFITOPTICS TERM LOAN                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    641452 | PA      | $641451.66    | 0.38%             | 2028-03-15      | Floating      | 10.17%                | Yes           |                  3 | On Loan: No      |
| SCALED AGILE, INC.-REVOLVER                        | SCALED AGILE, INC.-REVOLVER                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    233898 | PA      | $199749.24    | 0.12%             | 2028-12-15      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| THEROX COMMON STOCK                                | THEROX COMMON STOCK                                | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |         2 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DIVERSIFIED PACKAGING HOLDINGS LLC 2ND LIEN TERM   | DIVERSIFIED PACKAGING HOLDINGS LLC 2ND LIEN TERM   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    734076 | PA      | $721816.58    | 0.43%             | 2029-06-27      | None          | 1.50%                 | Yes           |                  3 | On Loan: No      |
| ICE HOUSE AMERICA TERM LOAN                        | ICE HOUSE AMERICA TERM LOAN                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    675676 | PA      | $653378.38    | 0.39%             | 2030-01-12      | Floating      | 10.26%                | Yes           |                  3 | On Loan: No      |
| US LEGAL SUPPORT-DELAYED DRAW TERM LOAN            | US LEGAL SUPPORT-DELAYED DRAW TERM LOAN            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    381396 | PA      | $378001.56    | 0.22%             | 2026-06-01      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| JONES FISH EQUITY                                  | JONES FISH EQUITY                                  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       401 | NS      | $187700.02    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RPX CORPORATION-2024 REVOLVER                      | RPX CORPORATION-2024 REVOLVER                      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    252041 | PA      | $-2646.43     | -0.00%            | 2030-08-02      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| UNOSQUARE EQUITY                                   | UNOSQUARE EQUITY                                   | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     15278 | NS      | $15277.57     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SEKO GLOBAL LOGISTICS NETWORK LLC 2024 NEW MONEY F | SEKO GLOBAL LOGISTICS NETWORK LLC 2024 NEW MONEY F | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    390377 | PA      | $390377.07    | 0.23%             | 2029-11-27      | Floating      | 9.00%                 | Yes           |                  3 | On Loan: No      |
| ACCURUS AEROSPACE CORPORATION (ACCURUS AEROSPACE   | ACCURUS AEROSPACE CORPORATION (ACCURUS AEROSPACE   | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      8752 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JONES FISH 2023 INCREMENTAL TERM LOAN B            | JONES FISH 2023 INCREMENTAL TERM LOAN B            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     35053 | PA      | $34702.10     | 0.02%             | 2028-02-28      | Floating      | 9.82%                 | Yes           |                  3 | On Loan: No      |
| HTI TECHNOLOGY & INDUSTRIES 2023 INCREMENTAL TERM  | HTI TECHNOLOGY & INDUSTRIES 2023 INCREMENTAL TERM  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     94249 | PA      | $87839.62     | 0.05%             | 2025-07-27      | Floating      | 13.01%                | Yes           |                  3 | On Loan: No      |
| HS ADVISORY BUYER LLC-SPECIFIED DDTL 1             | HS ADVISORY BUYER LLC-SPECIFIED DDTL 1             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    237654 | PA      | $121536.00    | 0.07%             | 2030-03-20      | Fixed         | 0.50%                 | Yes           |                  3 | On Loan: No      |
| MAGENTA SECURITY HOLDINGS LLC 2024 THIRD OUT TERM  | MAGENTA SECURITY HOLDINGS LLC 2024 THIRD OUT TERM  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     30396 | PA      | $7041.80      | 0.00%             | 2028-07-27      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| VITALSOURCE EQUITY                                 | VITALSOURCE EQUITY                                 | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      1891 | NS      | $45457.24     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROI SOLUTIONS-DDTL                                 | ROI SOLUTIONS-DDTL                                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    201719 | PA      | $-2642.52     | -0.00%            | 2029-09-30      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| COMPASS PRECISION PIK SENIOR SUB DEBT              | COMPASS PRECISION PIK SENIOR SUB DEBT              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1335730 | PA      | $1333058.13   | 0.79%             | 2025-10-16      | Fixed         | 1.00%                 | Yes           |                  3 | On Loan: No      |
| BEST LAWYERS TERM LOAN                             | BEST LAWYERS TERM LOAN                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1022250 | PA      | $1022250.44   | 0.61%             | 2027-11-30      | Floating      | 9.69%                 | Yes           |                  3 | On Loan: No      |
| TIPCO TECHNOLOGIES-DDTL                            | TIPCO TECHNOLOGIES-DDTL                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    275477 | PA      | $263455.08    | 0.16%             | 2027-09-03      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| LEADSONLINE WEATHERBY PARENT HOLDINGS LLC EQUITY   | LEADSONLINE WEATHERBY PARENT HOLDINGS LLC EQUITY   | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      7050 | NS      | $17413.50     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PPW AERO BUYER, INC-2024 DDTL                      | PPW AERO BUYER, INC-2024 DDTL                      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    254872 | PA      | $-2548.71     | -0.00%            | 2029-02-15      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| LOCKMASTERS SECURITY INTERMEDIATE, INC-REVOLVER    | LOCKMASTERS SECURITY INTERMEDIATE, INC-REVOLVER    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     50872 | PA      | $4705.70      | 0.00%             | 2027-09-01      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| CLOUDBREAK INCREMENTAL TERM LOAN                   | CLOUDBREAK INCREMENTAL TERM LOAN                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    907472 | PA      | $901028.54    | 0.54%             | 2030-03-15      | Floating      | 9.30%                 | Yes           |                  3 | On Loan: No      |
| WOODLAND FOODS, INC-REVOLVER                       | WOODLAND FOODS, INC-REVOLVER                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    210448 | PA      | $38228.35     | 0.02%             | 2027-11-30      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| OCELOT COMMON STOCK                                | OCELOT COMMON STOCK                                | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        12 | NS      | $98879.52     | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HYPERION SOLUTIONS, LLC-REVOLVER                   | HYPERION SOLUTIONS, LLC-REVOLVER                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    146186 | PA      | $-3947.03     | -0.00%            | 2027-12-02      | Floating      | 0.38%                 | Yes           |                  3 | On Loan: No      |
| APPLICATION BOOT CAMP LLC TERM LOAN A              | APPLICATION BOOT CAMP LLC TERM LOAN A              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1137766 | PA      | $1120699.47   | 0.67%             | 2031-04-21      | Floating      | 9.75%                 | Yes           |                  3 | On Loan: No      |
| AD BIDCO INC. TERM LOAN                            | AD BIDCO INC. TERM LOAN                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    785994 | PA      | $777348.52    | 0.46%             | 2030-03-13      | Floating      | 9.56%                 | Yes           |                  3 | On Loan: No      |
| DECKS DIRECT LLC CASH EQUITY                       | DECKS DIRECT LLC CASH EQUITY                       | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      2209 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| POLARA TERM LOAN                                   | POLARA TERM LOAN                                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    644472 | PA      | $644471.96    | 0.38%             | 2027-12-03      | Floating      | 9.20%                 | Yes           |                  3 | On Loan: No      |
| HTI TECHNOLOGY & INDUSTRIES 2022 TERM LOAN         | HTI TECHNOLOGY & INDUSTRIES 2022 TERM LOAN         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    456471 | PA      | $425431.07    | 0.25%             | 2025-07-27      | Floating      | 13.01%                | Yes           |                  3 | On Loan: No      |
| MOMENTUM TEXTILES, LLC-REVOLVER                    | MOMENTUM TEXTILES, LLC-REVOLVER                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     54042 | PA      | $-491.78      | -0.00%            | 2029-03-28      | Fixed         | 0.50%                 | Yes           |                  3 | On Loan: No      |
| CASH FLOW MANAGEMENT-REVOLVER                      | CASH FLOW MANAGEMENT-REVOLVER                      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     74627 | PA      | $44029.86     | 0.03%             | 2027-12-28      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| THEKEY LLC TERM LOAN                               | THEKEY LLC TERM LOAN                               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    568155 | PA      | $511907.30    | 0.30%             | 2027-09-30      | Floating      | 3.00%                 | Yes           |                  3 | On Loan: No      |
| MUSIC REPORTS INC 2021 INCREMENTAL TERM LOAN       | MUSIC REPORTS INC 2021 INCREMENTAL TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    783584 | PA      | $763994.40    | 0.45%             | 2026-08-25      | Floating      | 10.67%                | Yes           |                  3 | On Loan: No      |
| VAN POOL TRANSPORTATION LLC 1ST LIEN TERM LOAN     | VAN POOL TRANSPORTATION LLC 1ST LIEN TERM LOAN     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1355642 | PA      | $1342085.20   | 0.80%             | 2025-12-31      | Floating      | 10.68%                | Yes           |                  3 | On Loan: No      |
| POLARA-REVOLVER                                    | POLARA-REVOLVER                                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    251149 | PA      | $108265.65    | 0.06%             | 2027-12-03      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ZB HOLDCO LLC-REVOLVER                             | ZB HOLDCO LLC-REVOLVER                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    173007 | PA      | $77420.60     | 0.05%             | 2028-02-09      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| RECOVERY POINT SYSTEMS INC. TERM LOAN              | RECOVERY POINT SYSTEMS INC. TERM LOAN              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1292080 | PA      | $1292079.52   | 0.77%             | 2026-08-12      | Floating      | 10.16%                | Yes           |                  3 | On Loan: No      |
| PROFITOPTICS EQUITY                                | PROFITOPTICS EQUITY                                | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     96774 | NS      | $151935.49    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TENCARVA MACHINERY COMPANY-2024-2B DDTL            | TENCARVA MACHINERY COMPANY-2024-2B DDTL            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    184784 | PA      | $-2309.80     | -0.00%            | 2027-12-20      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| OMEGA HOLDINGS SENIOR TERM LOAN                    | OMEGA HOLDINGS SENIOR TERM LOAN                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    426583 | PA      | $426583.13    | 0.25%             | 2029-03-30      | Floating      | 9.23%                 | Yes           |                  3 | On Loan: No      |
| RPS GROUP HOLDINGS LLC COMMON UNITS                | RPS GROUP HOLDINGS LLC COMMON UNITS                | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     21532 | NS      | $10120.04     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WHITCRAFT LLC PARTNERSHIP EQUITY                   | WHITCRAFT LLC PARTNERSHIP EQUITY                   | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      4206 | NS      | $64769.32     | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ACCURUS AEROSPACE CORPORATION 2022 A-1 TERM LOAN   | ACCURUS AEROSPACE CORPORATION 2022 A-1 TERM LOAN   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    459193 | PA      | $452304.78    | 0.27%             | 2028-04-05      | Floating      | 10.16%                | Yes           |                  3 | On Loan: No      |
| POLICY SERVICES COMPANY LLC WARRANTS - CLASS B     | POLICY SERVICES COMPANY LLC WARRANTS - CLASS B     | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       312 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HOME CARE ASSISTANCE, LLC-DELAYED DRAW TERM LOAN   | HOME CARE ASSISTANCE, LLC-DELAYED DRAW TERM LOAN   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    254896 | PA      | $229661.75    | 0.14%             | 2027-09-30      | Floating      | 3.00%                 | Yes           |                  3 | On Loan: No      |
| FSS BUYER LLC 2025 TERM LOAN                       | FSS BUYER LLC 2025 TERM LOAN                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1499918 | PA      | $1499918.38   | 0.89%             | 2031-08-29      | Floating      | 8.77%                 | Yes           |                  3 | On Loan: No      |
| HYPERION SOLUTIONS, LLC-DELAYED DRAW TERM LOAN     | HYPERION SOLUTIONS, LLC-DELAYED DRAW TERM LOAN     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    259183 | PA      | $241818.13    | 0.14%             | 2027-12-02      | Floating      | 10.20%                | Yes           |                  3 | On Loan: No      |
| NAW BUYER LLC-REVOLVER                             | NAW BUYER LLC-REVOLVER                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    130682 | PA      | $0.00         | 0.00%             | 2029-09-13      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| WARNER PACIFIC INSURANCE SERVICES SENIOR TERM LOAN | WARNER PACIFIC INSURANCE SERVICES SENIOR TERM LOAN | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    161672 | PA      | $160346.26    | 0.10%             | 2027-12-27      | Floating      | 9.40%                 | Yes           |                  3 | On Loan: No      |
| HYPERION SOLUTIONS LLC 2ND AMENDMENT INCREMENTAL   | HYPERION SOLUTIONS LLC 2ND AMENDMENT INCREMENTAL   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    452827 | PA      | $422487.90    | 0.25%             | 2027-12-02      | Floating      | 10.22%                | Yes           |                  3 | On Loan: No      |
| ECHO GLOBAL LOGISTICS INC 2ND LIEN TERM LOAN       | ECHO GLOBAL LOGISTICS INC 2ND LIEN TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1679204 | PA      | $1588526.55   | 0.94%             | 2029-11-23      | Floating      | 11.68%                | Yes           |                  3 | On Loan: No      |
| NF HOLDCO LLC TERM LOAN                            | NF HOLDCO LLC TERM LOAN                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    625121 | PA      | $615118.90    | 0.37%             | 2029-04-02      | Floating      | 10.80%                | Yes           |                  3 | On Loan: No      |
| POLICY SERVICES COMPANY LLC WARRANTS - CLASS A     | POLICY SERVICES COMPANY LLC WARRANTS - CLASS A     | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       924 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TENCARVA MACHINERY COMPANY-SENIOR REVOLVER         | TENCARVA MACHINERY COMPANY-SENIOR REVOLVER         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    321435 | PA      | $-4017.94     | -0.00%            | 2027-12-20      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| HS ADVISORY BUYER LLC-REVOLVER                     | HS ADVISORY BUYER LLC-REVOLVER                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    111400 | PA      | $-1515.04     | -0.00%            | 2030-03-20      | Fixed         | 0.50%                 | Yes           |                  3 | On Loan: No      |
| SARA LEE FROZEN BAKERY 2018 1ST LIEN TERM LOAN     | SARA LEE FROZEN BAKERY 2018 1ST LIEN TERM LOAN     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1433624 | PA      | $1421295.08   | 0.85%             | 2027-07-30      | Floating      | 9.18%                 | Yes           |                  3 | On Loan: No      |
| THE CAPROCK GROUP-REVOLVER                         | THE CAPROCK GROUP-REVOLVER                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    193150 | PA      | $-1931.50     | -0.00%            | 2028-12-22      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| CLOUDBREAK CLASS A SHARES                          | CLOUDBREAK CLASS A SHARES                          | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        49 | NS      | $54467.08     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MC GROUP VENTURES CORPORATION -DELAYED DRAW TERM L | MC GROUP VENTURES CORPORATION -DELAYED DRAW TERM L | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    355800 | PA      | $288153.15    | 0.17%             | 2027-06-30      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| TEIG HOLDINGS LLC SENIOR TERM LOAN                 | TEIG HOLDINGS LLC SENIOR TERM LOAN                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    154094 | PA      | $152722.25    | 0.09%             | 2032-03-04      | Floating      | 8.72%                 | Yes           |                  3 | On Loan: No      |
| ENTACT ENVIRONMENTAL SERVICES INC 2023 INCREMENTAL | ENTACT ENVIRONMENTAL SERVICES INC 2023 INCREMENTAL | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    145423 | PA      | $144259.31    | 0.09%             | 2025-12-15      | Floating      | 10.05%                | Yes           |                  3 | On Loan: No      |
| STANDARD ELEVATOR SYSTEMS TERM LOAN                | STANDARD ELEVATOR SYSTEMS TERM LOAN                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    803173 | PA      | $749359.95    | 0.45%             | 2027-12-02      | Floating      | 10.22%                | Yes           |                  3 | On Loan: No      |
| UNOSQUARE LLC-REVOLVER                             | UNOSQUARE LLC-REVOLVER                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     79696 | PA      | $-1195.45     | -0.00%            | 2031-06-02      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| HS ADVISORY BUYER LLC-GENERAL DDTL                 | HS ADVISORY BUYER LLC-GENERAL DDTL                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    668400 | PA      | $-9090.25     | -0.01%            | 2030-03-20      | Fixed         | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ICE HOUSE AMERICA-2024 DDTL                        | ICE HOUSE AMERICA-2024 DDTL                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    222681 | PA      | $52107.32     | 0.03%             | 2029-10-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| KINGS III-DELAY DRAW TERM LOAN                     | KINGS III-DELAY DRAW TERM LOAN                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     72758 | PA      | $72757.77     | 0.04%             | 2028-08-31      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| NAVIA BENEFIT SOLUTIONS INC. 2022 INCREMENTAL TERM | NAVIA BENEFIT SOLUTIONS INC. 2022 INCREMENTAL TERM | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    503269 | PA      | $503268.72    | 0.30%             | 2029-02-11      | Floating      | 8.93%                 | Yes           |                  3 | On Loan: No      |
| SWOOP TERM LOAN                                    | SWOOP TERM LOAN                                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    257576 | PA      | $256287.88    | 0.15%             | 2032-04-12      | Floating      | 8.83%                 | Yes           |                  3 | On Loan: No      |
| WESTMINSTER FOODS II LLC UNIT                      | WESTMINSTER FOODS II LLC UNIT                      | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    370241 | NS      | $14809.64     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DATASERV PREFERRED UNITS                           | DATASERV PREFERRED UNITS                           | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     17546 | NS      | $20002.34     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TWITTER INC. TERM LOAN                             | TWITTER INC. TERM LOAN                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    497449 | PA      | $485480.36    | 0.29%             | 2029-10-26      | Floating      | 10.93%                | Yes           |                  2 | On Loan: No      |
| BBB INDUSTRIES LLC 2022 2ND LIEN TERM LOAN         | BBB INDUSTRIES LLC 2022 2ND LIEN TERM LOAN         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    454545 | PA      | $424090.90    | 0.25%             | 2030-07-25      | Floating      | 13.38%                | Yes           |                  3 | On Loan: No      |
| MISSION MICROWAVE CASH EQUITY                      | MISSION MICROWAVE CASH EQUITY                      | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        31 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ICE HOUSE AMERICA EQUITY                           | ICE HOUSE AMERICA EQUITY                           | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       579 | NS      | $47454.24     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WHITCRAFT LLC 2023 TERM LOAN                       | WHITCRAFT LLC 2023 TERM LOAN                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    826130 | PA      | $826129.97    | 0.49%             | 2029-02-15      | Floating      | 10.80%                | Yes           |                  3 | On Loan: No      |
| FOREST BUYER LLC TERM LOAN                         | FOREST BUYER LLC TERM LOAN                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    628571 | PA      | $624108.57    | 0.37%             | 2030-03-15      | Floating      | 9.30%                 | Yes           |                  3 | On Loan: No      |
| PB HOLDINGS, LLC (PROCESS EQUIPMENT)-DELAYED DRAW  | PB HOLDINGS, LLC (PROCESS EQUIPMENT)-DELAYED DRAW  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     40192 | PA      | $39227.07     | 0.02%             | 2026-09-06      | Floating      | 9.67%                 | Yes           |                  3 | On Loan: No      |
| ARETEC GROUP INC. 2024 1ST LIEN TERM LOAN B        | ARETEC GROUP INC. 2024 1ST LIEN TERM LOAN B        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    843630 | PA      | $844769.23    | 0.50%             | 2030-08-09      | Floating      | 7.83%                 | Yes           |                  2 | On Loan: No      |
| POLICY SERVICES COMPANY LLC 1ST LIEN PIK TOGGLE T  | POLICY SERVICES COMPANY LLC 1ST LIEN PIK TOGGLE T  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1395379 | PA      | $1384076.05   | 0.82%             | 2026-06-22      | Floating      | 4.00%                 | Yes           |                  3 | On Loan: No      |
| WOODLAND FOODS INC 2024 INCREMENTAL TERM LOAN      | WOODLAND FOODS INC 2024 INCREMENTAL TERM LOAN      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     90677 | PA      | $89407.11     | 0.05%             | 2027-12-01      | Floating      | 9.97%                 | Yes           |                  3 | On Loan: No      |
| WILSONART LLC 11.0 08/15/32 144A                   | WILSONART LLC 11.0 08/15/32 144A                   | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    750000 | PA      | $681394.50    | 0.41%             | 2032-08-15      | None          | 11.00%                | Yes           |                  2 | On Loan: No      |
| SBP HOLDING LP-2024 INCREMENTAL DDTL               | SBP HOLDING LP-2024 INCREMENTAL DDTL               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    395272 | PA      | $-988.18      | -0.00%            | 2028-03-27      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| TRIDENT MARITIME SYSTEMS INC 2023 INCREMENTAL TERM | TRIDENT MARITIME SYSTEMS INC 2023 INCREMENTAL TERM | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     56967 | PA      | $49789.05     | 0.03%             | 2027-02-26      | Floating      | 2.00%                 | Yes           |                  3 | On Loan: No      |
| ASC COMMUNICATIONS, LLC-2022 REVOLVER              | ASC COMMUNICATIONS, LLC-2022 REVOLVER              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     22664 | PA      | $0.00         | 0.00%             | 2027-07-15      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| CJS GLOBAL-REVOLVER                                | CJS GLOBAL-REVOLVER                                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    242424 | PA      | $-1454.55     | -0.00%            | 2029-03-10      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| TEIG HOLDINGS, LLC-REVOLVER                        | TEIG HOLDINGS, LLC-REVOLVER                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     83058 | PA      | $-739.21      | -0.00%            | 2032-03-04      | Fixed         | 0.38%                 | Yes           |                  3 | On Loan: No      |
| CALDWELL & GREGORY LLC-2024 DDTL                   | CALDWELL & GREGORY LLC-2024 DDTL                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    258513 | PA      | $96029.11     | 0.06%             | 2030-09-30      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| CALDWELL & GREGORY LLC 2024 TERM LOAN              | CALDWELL & GREGORY LLC 2024 TERM LOAN              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1284047 | PA      | $1269537.13   | 0.76%             | 2030-09-30      | Floating      | 9.05%                 | Yes           |                  3 | On Loan: No      |
| BECKLAR LLC-2024 REVOLVER                          | BECKLAR LLC-2024 REVOLVER                          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    103058 | PA      | $-1257.30     | -0.00%            | 2030-12-06      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| HTI TECHNOLOGY & INDUSTRIES-2022 REVOLVER          | HTI TECHNOLOGY & INDUSTRIES-2022 REVOLVER          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     68182 | PA      | $-4636.36     | -0.00%            | 2025-07-07      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| REAL CHEMISTRY INTERMEDIATE III, INC-DDTL          | REAL CHEMISTRY INTERMEDIATE III, INC-DDTL          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    129582 | PA      | $-647.91      | -0.00%            | 2032-04-12      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| ADVANTAGE SOFTWARE CLASS A - 2 UNITS               | ADVANTAGE SOFTWARE CLASS A - 2 UNITS               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       197 | NS      | $12090.48     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GOLDEN CERAMIC DENTAL LAB-REVOLVER                 | GOLDEN CERAMIC DENTAL LAB-REVOLVER                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    186486 | PA      | $-2331.08     | -0.00%            | 2027-08-07      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ZB HOLDCO LLC-DDTL                                 | ZB HOLDCO LLC-DDTL                                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    270583 | PA      | $267200.53    | 0.16%             | 2028-02-09      | Floating      | 10.20%                | Yes           |                  3 | On Loan: No      |
| ICE HOUSE AMERICA-REVOLVER                         | ICE HOUSE AMERICA-REVOLVER                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     90090 | PA      | $74504.50     | 0.04%             | 2030-01-12      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| PEGASUS TRANSTECH CORPORATION TERM LOAN            | PEGASUS TRANSTECH CORPORATION TERM LOAN            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1410623 | PA      | $1410622.81   | 0.84%             | 2026-11-17      | Floating      | 10.33%                | Yes           |                  3 | On Loan: No      |
| SMARTSHIFT TECHNOLOGIES COMMON STOCK               | SMARTSHIFT TECHNOLOGIES COMMON STOCK               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        29 | NS      | $61304.26     | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC. 2022 TERM LOAN B         | TEAM HEALTH HOLDINGS INC. 2022 TERM LOAN B         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    548229 | PA      | $544714.47    | 0.32%             | 2027-03-02      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| TERRYBEAR MEZZANINE LOAN                           | TERRYBEAR MEZZANINE LOAN                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1003784 | PA      | $912439.72    | 0.54%             | 2028-04-27      | Fixed         | 4.00%                 | Yes           |                  3 | On Loan: No      |
| ESHIPPING LLC TE                                   | ESHIPPING LLC TE                                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    796648 | PA      | $796647.89    | 0.47%             | 2027-11-05      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| HS ADVISORY BUYER LLC INITIAL TERM LOAN            | HS ADVISORY BUYER LLC INITIAL TERM LOAN            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    251876 | PA      | $248450.06    | 0.15%             | 2030-03-20      | Floating      | 8.80%                 | Yes           |                  3 | On Loan: No      |
| PEGASUS TRANSTECH CORPORATION 2020 MICRODEA TERM L | PEGASUS TRANSTECH CORPORATION 2020 MICRODEA TERM L | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    284939 | PA      | $284939.02    | 0.17%             | 2026-08-31      | Floating      | 10.33%                | Yes           |                  3 | On Loan: No      |
| SMARTLING INC TERM LOAN                            | SMARTLING INC TERM LOAN                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1370868 | PA      | $1370867.66   | 0.82%             | 2027-11-08      | Floating      | 8.93%                 | Yes           |                  3 | On Loan: No      |
| THG ACQUISITION, LLC-2024 DDTL                     | THG ACQUISITION, LLC-2024 DDTL                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    127541 | PA      | $3076.62      | 0.00%             | 2031-10-31      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| LYNX FRANCHISING LLC 2021-09 INCREMENTAL TERM LOA  | LYNX FRANCHISING LLC 2021-09 INCREMENTAL TERM LOA  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    754239 | PA      | $745188.23    | 0.44%             | 2026-12-23      | Floating      | 10.67%                | Yes           |                  3 | On Loan: No      |
| SAFETY PRODUCTS HOLDINGS LLC TERM LOAN             | SAFETY PRODUCTS HOLDINGS LLC TERM LOAN             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1455437 | PA      | $1455437.17   | 0.87%             | 2026-12-16      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| OCELOT PREFERRED STOCK                             | OCELOT PREFERRED STOCK                             | CUSIP: 000000000<br>LEI: N/A | Long             | EP               | CORP              | US        |        15 | NS      | $190917.58    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WARNER PACIFIC INSURANCE SERVICES 2024 ADDITIONAL  | WARNER PACIFIC INSURANCE SERVICES 2024 ADDITIONAL  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     85228 | PA      | $84529.50     | 0.05%             | 2027-12-27      | Floating      | 9.36%                 | Yes           |                  3 | On Loan: No      |
| PROFITOPTICS SENIOR SUB DEBT                       | PROFITOPTICS SENIOR SUB DEBT                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     32258 | PA      | $30709.68     | 0.02%             | 2029-02-15      | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| ELECTRIC EQUIPMENT AND ENGINEERING EQUITY          | ELECTRIC EQUIPMENT AND ENGINEERING EQUITY          | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    515625 | NS      | $757968.75    | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ENTACT ENVIRONMENTAL SERVICES INC. TERM LOAN       | ENTACT ENVIRONMENTAL SERVICES INC. TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    844891 | PA      | $838132.29    | 0.50%             | 2027-01-31      | Floating      | 10.05%                | Yes           |                  3 | On Loan: No      |
| KINGS III-REVOLVER                                 | KINGS III-REVOLVER                                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     58257 | PA      | $3883.82      | 0.00%             | 2028-08-31      | Floating      | 0.38%                 | Yes           |                  3 | On Loan: No      |
| TANK HOLDING CORP 2022 TERM LOAN                   | TANK HOLDING CORP 2022 TERM LOAN                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    465032 | PA      | $459451.49    | 0.27%             | 2028-03-31      | Floating      | 10.18%                | Yes           |                  3 | On Loan: No      |
| LEADSONLINE TERM LOAN                              | LEADSONLINE TERM LOAN                              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1448102 | PA      | $1443612.78   | 0.86%             | 2027-12-23      | Floating      | 8.80%                 | Yes           |                  3 | On Loan: No      |
| UHY ADVISORS, INC.-DDTL                            | UHY ADVISORS, INC.-DDTL                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    867672 | PA      | $54612.27     | 0.03%             | 2031-11-21      | Floating      | 0.75%                 | Yes           |                  3 | On Loan: No      |
| AP HIGHLANDS HOLDINGS LP FIXED TERM LOAN           | AP HIGHLANDS HOLDINGS LP FIXED TERM LOAN           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    267651 | PA      | $263368.99    | 0.16%             | 2028-10-16      | Fixed         | 9.38%                 | Yes           |                  3 | On Loan: No      |
| ROADONE INTERMODALOGISTICS TERM LOAN               | ROADONE INTERMODALOGISTICS TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    502318 | PA      | $504327.22    | 0.30%             | 2028-12-29      | Floating      | 10.49%                | Yes           |                  3 | On Loan: No      |
| PROCESS INSIGHTS LOAN-REVOLVER                     | PROCESS INSIGHTS LOAN-REVOLVER                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    114821 | PA      | $57267.16     | 0.03%             | 2029-07-18      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ACCELEVATION LLC-SENIOR REVOLVER                   | ACCELEVATION LLC-SENIOR REVOLVER                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     52796 | PA      | $18346.45     | 0.01%             | 2031-01-02      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| COMPLY365 TERM LOAN                                | COMPLY365 TERM LOAN                                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    624493 | PA      | $610754.23    | 0.36%             | 2029-12-21      | Floating      | 9.68%                 | Yes           |                  3 | On Loan: No      |
| CGI PARENT LLC TERM LOAN                           | CGI PARENT LLC TERM LOAN                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    734146 | PA      | $734146.14    | 0.44%             | 2028-02-14      | Floating      | 8.78%                 | Yes           |                  3 | On Loan: No      |
| HQ ACQUISITION HOLDINGS, LLC UNIT COMMON           | HQ ACQUISITION HOLDINGS, LLC UNIT COMMON           | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      3716 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WOODLAND FOODS INC PREFERRED EQUITY                | WOODLAND FOODS INC PREFERRED EQUITY                | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        32 | NS      | $41249.07     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SAFETY PRODUCTS HOLDINGS INC. COMMON STOCK         | SAFETY PRODUCTS HOLDINGS INC. COMMON STOCK         | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        30 | NS      | $38601.02     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APPLICATION BOOT CAMP LLC-REVOLVER                 | APPLICATION BOOT CAMP LLC-REVOLVER                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    367021 | PA      | $-3670.21     | -0.00%            | 2031-04-21      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ADVANTAGE SOFTWARE CLASS A - 1 UNITS               | ADVANTAGE SOFTWARE CLASS A - 1 UNITS               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       766 | NS      | $46876.46     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| THE CAPROCK GROUP TERM LOAN                        | THE CAPROCK GROUP TERM LOAN                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    104794 | PA      | $103746.34    | 0.06%             | 2028-12-22      | Floating      | 9.08%                 | Yes           |                  3 | On Loan: No      |
| STACKLINE - TA SL CAYMAN AGGREGATOR CORP           | STACKLINE - TA SL CAYMAN AGGREGATOR CORP           | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      1340 | NS      | $76728.40     | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RUFFALO NOEL LEVITZ LLC 2025 SENIOR TERM LOAN      | RUFFALO NOEL LEVITZ LLC 2025 SENIOR TERM LOAN      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |       804 | PA      | $804.32       | 0.00%             | 2030-04-15      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| PANOS HOLDINGS INC COMMON STOCK CLASS B            | PANOS HOLDINGS INC COMMON STOCK CLASS B            | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    380545 | NS      | $479486.70    | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DAWGS INTERMEDIATE HOLDING COMPANY TERM LOAN       | DAWGS INTERMEDIATE HOLDING COMPANY TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    398519 | PA      | $394892.56    | 0.23%             | 2031-03-28      | Floating      | 8.80%                 | Yes           |                  3 | On Loan: No      |
| BEST LAWYERS HOLDCO PIK NOTE                       | BEST LAWYERS HOLDCO PIK NOTE                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    442482 | PA      | $442481.58    | 0.26%             | 2028-05-19      | Fixed         | 12.00%                | Yes           |                  3 | On Loan: No      |
| CGI PARENT LLC INCREMENTAL TERM LOAN               | CGI PARENT LLC INCREMENTAL TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    104005 | PA      | $104004.77    | 0.06%             | 2028-02-14      | Floating      | 8.78%                 | Yes           |                  3 | On Loan: No      |
| RKD GROUP LLC-2025 DELAYED DRAW TERM LOAN          | RKD GROUP LLC-2025 DELAYED DRAW TERM LOAN          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    189174 | PA      | $-2071.46     | -0.00%            | 2031-05-19      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| RENOVATION BRANDS EQUITY CO-INVEST                 | RENOVATION BRANDS EQUITY CO-INVEST                 | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     40479 | NS      | $19025.01     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FIVE STAR INTERMEDIATE HOLDING LLC 2ND LIEN TERM   | FIVE STAR INTERMEDIATE HOLDING LLC 2ND LIEN TERM   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    476190 | PA      | $472857.15    | 0.28%             | 2030-04-27      | Floating      | 11.58%                | Yes           |                  3 | On Loan: No      |
| COHERUS BIOSCIENCES INC TERM LOAN                  | COHERUS BIOSCIENCES INC TERM LOAN                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    299324 | PA      | $293038.09    | 0.17%             | 2029-05-08      | Floating      | 12.30%                | Yes           |                  3 | On Loan: No      |
| ROCK LABOR LLC-REVOLVER                            | ROCK LABOR LLC-REVOLVER                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     57867 | PA      | $-700.19      | -0.00%            | 2029-09-14      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| SWIFTY HOLDINGS LLC DEBT TERM LOAN                 | SWIFTY HOLDINGS LLC DEBT TERM LOAN                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    201250 | PA      | $197929.34    | 0.12%             | 2028-05-25      | Fixed         | 14.00%                | Yes           |                  3 | On Loan: No      |
| DWYER INSTRUMENTS, INC-2022 UPSIZE DELAYED DRAW TE | DWYER INSTRUMENTS, INC-2022 UPSIZE DELAYED DRAW TE | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    143204 | PA      | $142631.33    | 0.08%             | 2029-07-20      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| PMHC II INC 9.0 02/15/30 144A                      | PMHC II INC 9.0 02/15/30 144A                      | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    740000 | PA      | $498536.25    | 0.30%             | 2030-02-15      | None          | 9.00%                 | Yes           |                  2 | On Loan: No      |
| BEST LAWYERS (AZALEA INVESTMENT HOLDINGS LLC) CAS  | BEST LAWYERS (AZALEA INVESTMENT HOLDINGS LLC) CAS  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     44231 | NS      | $71211.54     | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NORTHSTAR RECYCLING 2024 SENIOR TERM LOAN          | NORTHSTAR RECYCLING 2024 SENIOR TERM LOAN          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1009129 | PA      | $999037.64    | 0.59%             | 2029-12-16      | Floating      | 8.95%                 | Yes           |                  3 | On Loan: No      |
| TENCARVA MACHINERY COMPANY SENIOR TERM LOAN        | TENCARVA MACHINERY COMPANY SENIOR TERM LOAN        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1395555 | PA      | $1378110.62   | 0.82%             | 2027-12-20      | Floating      | 9.20%                 | Yes           |                  3 | On Loan: No      |
| APPLICATION BOOT CAMP LLC SENIOR SUBORDINATED DEBT | APPLICATION BOOT CAMP LLC SENIOR SUBORDINATED DEBT | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     57092 | PA      | $57092.20     | 0.03%             | 2031-04-21      | Fixed         | 14.00%                | Yes           |                  3 | On Loan: No      |
| DECKS DIRECT LLC EQUITY                            | DECKS DIRECT LLC EQUITY                            | CUSIP: 000000000<br>LEI: N/A | Long             | EP               | CORP              | US        |        11 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PB HOLDINGS LLC TERM LOAN A                        | PB HOLDINGS LLC TERM LOAN A                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    632723 | PA      | $617537.34    | 0.37%             | 2026-09-06      | Floating      | 9.67%                 | Yes           |                  3 | On Loan: No      |
| ESHIPPING LLC-DELAYED DRAW TERM LOAN               | ESHIPPING LLC-DELAYED DRAW TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    123941 | PA      | $123940.73    | 0.07%             | 2027-11-05      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| TOP TIER ADMISSIONS EQUITY                         | TOP TIER ADMISSIONS EQUITY                         | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    163121 | NS      | $163120.57    | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FRAGILEPAK CASH EQUITY                             | FRAGILEPAK CASH EQUITY                             | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       108 | NS      | $86526.15     | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| THG ACQUISITION LLC 2024 TERM LOAN                 | THG ACQUISITION LLC 2024 TERM LOAN                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    570728 | PA      | $566276.23    | 0.34%             | 2031-10-31      | Floating      | 8.83%                 | Yes           |                  3 | On Loan: No      |
| DAWGS DOOR AND WINDOW GUARD SYSTEM EQUITY          | DAWGS DOOR AND WINDOW GUARD SYSTEM EQUITY          | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        20 | NS      | $22489.36     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCELOT BIDCO FIXED SUPER SENIOR TAKEBACK TERM LOAN | OCELOT BIDCO FIXED SUPER SENIOR TAKEBACK TERM LOAN | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     34317 | PA      | $34317.49     | 0.02%             | 2027-10-20      | Fixed         | 10.00%                | Yes           |                  3 | On Loan: No      |
| BOXER PARENT COMPANY INC. 2024 2ND LIEN TERM LOAN  | BOXER PARENT COMPANY INC. 2024 2ND LIEN TERM LOAN  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1000000 | PA      | $970630.00    | 0.58%             | 2032-07-30      | Floating      | 10.08%                | No            |                  2 | On Loan: No      |
| COMPASS PRECISION EQUITY                           | COMPASS PRECISION EQUITY                           | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    158995 | NS      | $1030289.67   | 0.61%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROADONE INTERMODALOGISTICS-REVOLVER                | ROADONE INTERMODALOGISTICS-REVOLVER                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    103653 | PA      | $92682.76     | 0.06%             | 2028-12-29      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| FSS CONTENT TOPCO LP - LP INTEREST - 12/31/3999    | FSS CONTENT TOPCO LP - LP INTEREST - 12/31/3999    | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       200 | NS      | $2913.78      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| INNOVIA MEDICAL EQUITY                             | INNOVIA MEDICAL EQUITY                             | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        39 | NS      | $5309.01      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CALIFORNIA CUSTOM FRUITS & FLAVORS-DELAYED DRAW TE | CALIFORNIA CUSTOM FRUITS & FLAVORS-DELAYED DRAW TE | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    183367 | PA      | $107874.40    | 0.06%             | 2030-02-26      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| CSC HOLDINGS LLC 5.0 11/15/31 144A                 | CSC HOLDINGS LLC 5.0 11/15/31 144A                 | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    625000 | PA      | $290625.00    | 0.17%             | 2031-11-15      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ZB HOLDCO LLC-2023 DDTL LIEN 1                     | ZB HOLDCO LLC-2023 DDTL LIEN 1                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    376004 | PA      | $371303.84    | 0.22%             | 2028-02-09      | Floating      | 10.20%                | Yes           |                  3 | On Loan: No      |
| TEAM AIR SUBORDINATED DEBT TERM LOAN               | TEAM AIR SUBORDINATED DEBT TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1035000 | PA      | $1017922.50   | 0.61%             | 2028-05-25      | Fixed         | 14.00%                | Yes           |                  3 | On Loan: No      |
| SCALED AGILE INC. 2021 UNITRANCHE TERM LOAN        | SCALED AGILE INC. 2021 UNITRANCHE TERM LOAN        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1187633 | PA      | $1014238.72   | 0.60%             | 2028-12-15      | Floating      | 3.75%                 | Yes           |                  3 | On Loan: No      |
| BKF ENGINEERS EQUITY                               | BKF ENGINEERS EQUITY                               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     56012 | NS      | $61053.08     | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CJS GLOBAL 2024 TERM LOAN                          | CJS GLOBAL 2024 TERM LOAN                          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    120367 | PA      | $119644.50    | 0.07%             | 2027-07-24      | Floating      | 10.03%                | Yes           |                  3 | On Loan: No      |
| COGENCY GLOBAL PREFERRED                           | COGENCY GLOBAL PREFERRED                           | CUSIP: 000000000<br>LEI: N/A | Long             | EP               | CORP              | US        |        33 | NS      | $94671.58     | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Omega Holdings-Revolver                            | Omega Holdings-Revolver                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    176932 | PA      | $93521.07     | 0.06%             | 2028-03-31      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| VITALSOURCE TERM LOAN                              | VITALSOURCE TERM LOAN                              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1573840 | PA      | $1558101.46   | 0.93%             | 2030-06-03      | Floating      | 8.82%                 | Yes           |                  3 | On Loan: No      |
| HQ ACQUISITION HOLDINGS, LLC UNIT PREFERRED        | HQ ACQUISITION HOLDINGS, LLC UNIT PREFERRED        | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       372 | NS      | $32961.64     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WOODLAND FOODS INC. EQUITY                         | WOODLAND FOODS INC. EQUITY                         | CUSIP: 000000000<br>LEI: N/A | Long             | EP               | CORP              | US        |        10 | NS      | $14108.55     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NEPTUNE BIDCO US INC 9.29 04/15/29 144A            | NEPTUNE BIDCO US INC 9.29 04/15/29 144A            | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    658000 | PA      | $640684.73    | 0.38%             | 2029-04-15      | None          | 9.29%                 | Yes           |                  2 | On Loan: No      |
| VISION SOLUTIONS INC 2021 2ND LIEN TERM LOAN       | VISION SOLUTIONS INC 2021 2ND LIEN TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    222222 | PA      | $204722.22    | 0.12%             | 2029-04-23      | Floating      | 11.79%                | No            |                  2 | On Loan: No      |
| RAPID BUYER LLC-DDTL                               | RAPID BUYER LLC-DDTL                               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    163983 | PA      | $-1885.81     | -0.00%            | 2030-10-15      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| EFC INTERNATIONAL MEZZANINE DEBT                   | EFC INTERNATIONAL MEZZANINE DEBT                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1020031 | PA      | $1013196.55   | 0.60%             | 2030-02-28      | Floating      | 2.50%                 | Yes           |                  3 | On Loan: No      |
| NAW BUYER LLC-DELAY DRAW TERM LOAN                 | NAW BUYER LLC-DELAY DRAW TERM LOAN                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    522630 | PA      | $12970.41     | 0.01%             | 2029-09-13      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| MISSION MICROWAVE SENIOR TERM LOAN                 | MISSION MICROWAVE SENIOR TERM LOAN                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    620851 | PA      | $582358.50    | 0.35%             | 2030-03-01      | Floating      | 9.80%                 | Yes           |                  3 | On Loan: No      |
| SPATCO EQUITY                                      | SPATCO EQUITY                                      | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     47941 | NS      | $44585.36     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MC GROUP VENTURES CORPORATION 2024 INCREMENTAL TE  | MC GROUP VENTURES CORPORATION 2024 INCREMENTAL TE  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    368697 | PA      | $357267.16    | 0.21%             | 2027-06-30      | Floating      | 9.63%                 | Yes           |                  3 | On Loan: No      |
| PPW AERO BUYER, INC-DDTL (FUNDED)                  | PPW AERO BUYER, INC-DDTL (FUNDED)                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    449569 | PA      | $445073.71    | 0.26%             | 2029-02-15      | Floating      | 9.80%                 | Yes           |                  3 | On Loan: No      |
| CALDWELL & GREGORY LLC-2024 REVOLVER               | CALDWELL & GREGORY LLC-2024 REVOLVER               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    172500 | PA      | $-1949.25     | -0.00%            | 2030-09-30      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| CW MERGER SUB LLC INITIAL TERM LOAN                | CW MERGER SUB LLC INITIAL TERM LOAN                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1598407 | PA      | $1582423.14   | 0.94%             | 2027-01-29      | Floating      | 8.95%                 | Yes           |                  3 | On Loan: No      |
| BEST LAWYERS-REVOLVER                              | BEST LAWYERS-REVOLVER                              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    110577 | PA      | $0.00         | 0.00%             | 2027-11-30      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| COGNITO FORMS EQUITY                               | COGNITO FORMS EQUITY                               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      1182 | NS      | $118200.00    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BKF ENGINEERS-REVOLVER                             | BKF ENGINEERS-REVOLVER                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    165590 | PA      | $-2367.93     | -0.00%            | 2030-08-23      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| THE CAPROCK GROUP 2024 SENIOR TERM LOAN            | THE CAPROCK GROUP 2024 SENIOR TERM LOAN            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    685251 | PA      | $678398.85    | 0.40%             | 2028-12-22      | Floating      | 9.07%                 | Yes           |                  3 | On Loan: No      |
| UHY ADVISORS INC. TERM LOAN                        | UHY ADVISORS INC. TERM LOAN                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    865502 | PA      | $865502.36    | 0.51%             | 2031-11-21      | Floating      | 9.08%                 | Yes           |                  3 | On Loan: No      |
| TAPCO BUYER LLC-REVOLVER                           | TAPCO BUYER LLC-REVOLVER                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    201121 | PA      | $-2393.34     | -0.00%            | 2030-11-15      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| AMERICO CHEMICAL PRODUCTS TERM LOAN                | AMERICO CHEMICAL PRODUCTS TERM LOAN                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    386105 | PA      | $381394.05    | 0.23%             | 2029-04-28      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| HS ADVISORY BUYER LLC-SPECIFIED DDTL 2             | HS ADVISORY BUYER LLC-SPECIFIED DDTL 2             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    122540 | PA      | $-1666.55     | -0.00%            | 2030-03-20      | Fixed         | 0.50%                 | Yes           |                  3 | On Loan: No      |
| PRO VISION TERM LOAN                               | PRO VISION TERM LOAN                               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    714406 | PA      | $706404.19    | 0.42%             | 2029-09-19      | Floating      | 8.83%                 | Yes           |                  3 | On Loan: No      |
| CALIFORNIA CUSTOM FRUITS & FLAVORS TERM LOAN       | CALIFORNIA CUSTOM FRUITS & FLAVORS TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    200491 | PA      | $198265.75    | 0.12%             | 2030-02-26      | Floating      | 9.28%                 | Yes           |                  3 | On Loan: No      |
| ILLUMIFIN CORPORATION 2022 INCREMENTAL TERM LOAN   | ILLUMIFIN CORPORATION 2022 INCREMENTAL TERM LOAN   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    422304 | PA      | $399077.37    | 0.24%             | 2028-02-04      | Floating      | 10.53%                | Yes           |                  3 | On Loan: No      |
| APPLIED AEROSPACE STRUCTURES CORP.-REVOLVER        | APPLIED AEROSPACE STRUCTURES CORP.-REVOLVER        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     23160 | PA      | $8518.11      | 0.01%             | 2028-12-01      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ROCK LABOR LLC TERM LOAN                           | ROCK LABOR LLC TERM LOAN                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    341127 | PA      | $336999.77    | 0.20%             | 2029-09-14      | Floating      | 9.82%                 | Yes           |                  3 | On Loan: No      |
| SPATCO ENERGY SOLUTIONS LLC 2024 TERM LOAN         | SPATCO ENERGY SOLUTIONS LLC 2024 TERM LOAN         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1009698 | PA      | $995764.44    | 0.59%             | 2030-07-23      | Floating      | 9.28%                 | Yes           |                  3 | On Loan: No      |
| BRIGHTSIGN EQUITY                                  | BRIGHTSIGN EQUITY                                  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    111835 | NS      | $121900.59    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RAPID BUYER LLC SENIOR TERM LOAN                   | RAPID BUYER LLC SENIOR TERM LOAN                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    301729 | PA      | $298259.60    | 0.18%             | 2030-10-15      | Floating      | 8.85%                 | Yes           |                  3 | On Loan: No      |
| SANDVINE CORPORATION CLASS C SHARES                | SANDVINE CORPORATION CLASS C SHARES                | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     31364 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AMERICO CHEMICAL PRODUCTS CASH EQUITY              | AMERICO CHEMICAL PRODUCTS CASH EQUITY              | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     22480 | NS      | $29448.80     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CASH FLOW MANAGEMENT (OSP HAMILTON PURCHASER LLC)  | CASH FLOW MANAGEMENT (OSP HAMILTON PURCHASER LLC)  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     12008 | NS      | $13088.72     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LEADSONLINE-REVOLVER                               | LEADSONLINE-REVOLVER                               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    224512 | PA      | $-695.98      | -0.00%            | 2028-02-07      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| PORTFOLIO GROUP AGENCY 1ST LIEN TERM LOAN          | PORTFOLIO GROUP AGENCY 1ST LIEN TERM LOAN          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    665850 | PA      | $627896.53    | 0.37%             | 2026-06-02      | Floating      | 10.45%                | Yes           |                  3 | On Loan: No      |
| MSI EXPRESS INC-SENIOR REVOLVER                    | MSI EXPRESS INC-SENIOR REVOLVER                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     65108 | PA      | $37682.42     | 0.02%             | 2031-03-24      | Fixed         | 0.50%                 | Yes           |                  3 | On Loan: No      |
| DWYER INSTRUMENTS INC TERM LOAN                    | DWYER INSTRUMENTS INC TERM LOAN                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1404014 | PA      | $1398397.99   | 0.83%             | 2029-07-20      | Floating      | 9.05%                 | Yes           |                  3 | On Loan: No      |
| ROCK LABOR EQUITY                                  | ROCK LABOR EQUITY                                  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     12266 | NS      | $55687.64     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ProfitOptics-Revolver                              | ProfitOptics-Revolver                              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    193548 | PA      | $70967.74     | 0.04%             | 2028-02-15      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| RWA HOLDING COMPANY-REVOLVER                       | RWA HOLDING COMPANY-REVOLVER                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     18648 | PA      | $11397.96     | 0.01%             | 2029-11-01      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| TAPCO BUYER LLC-DDTL                               | TAPCO BUYER LLC-DDTL                               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    603363 | PA      | $43100.25     | 0.03%             | 2030-11-15      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| ACCELEVATION LLC UNITRANCHE TERM LOAN              | ACCELEVATION LLC UNITRANCHE TERM LOAN              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    166460 | PA      | $164378.96    | 0.10%             | 2031-01-02      | Floating      | 9.32%                 | Yes           |                  3 | On Loan: No      |
| TENCARVA MACHINERY COMPANY LLC 2024-2 INCREMENTAL  | TENCARVA MACHINERY COMPANY LLC 2024-2 INCREMENTAL  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    173453 | PA      | $171284.53    | 0.10%             | 2027-12-20      | Floating      | 9.20%                 | Yes           |                  3 | On Loan: No      |
| PARKVIEW DENTAL PARTNERS LLC LAST OUT TERM LOAN    | PARKVIEW DENTAL PARTNERS LLC LAST OUT TERM LOAN    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    583333 | PA      | $581000.00    | 0.35%             | 2029-10-12      | Floating      | 12.55%                | Yes           |                  3 | On Loan: No      |
| VISION SOLUTIONS INC 2021 INCREMENTAL TERM LOAN    | VISION SOLUTIONS INC 2021 INCREMENTAL TERM LOAN    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    936615 | PA      | $886271.77    | 0.53%             | 2028-04-24      | Floating      | 8.54%                 | No            |                  2 | On Loan: No      |
| GOLDEN CERAMIC DENTAL LAB-DDTL                     | GOLDEN CERAMIC DENTAL LAB-DDTL                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    186486 | PA      | $-2331.08     | -0.00%            | 2027-08-07      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| CONCEPT MACHINE TOOL SALES LLC TERM LOAN           | CONCEPT MACHINE TOOL SALES LLC TERM LOAN           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    575250 | PA      | $496440.62    | 0.30%             | 2025-06-03      | Floating      | 0.25%                 | Yes           |                  3 | On Loan: No      |
| BECKLAR LLC 2024 SENIOR TERM LOAN                  | BECKLAR LLC 2024 SENIOR TERM LOAN                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    783485 | PA      | $773926.32    | 0.46%             | 2030-12-06      | Floating      | 8.93%                 | Yes           |                  3 | On Loan: No      |
| NAW BUYER LLC TERM LOAN                            | NAW BUYER LLC TERM LOAN                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1027159 | PA      | $1027159.08   | 0.61%             | 2029-09-13      | Floating      | 9.80%                 | Yes           |                  3 | On Loan: No      |
| HEMASOURCE INC. COMMON EQUITY                      | HEMASOURCE INC. COMMON EQUITY                      | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     11337 | NS      | $14624.73     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APPLIED AEROSPACE STRUCTURES CORP.-2024 DDTL       | APPLIED AEROSPACE STRUCTURES CORP.-2024 DDTL       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     23125 | PA      | $-166.50      | -0.00%            | 2030-11-29      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| CGI PARENT LLC-REVOLVER                            | CGI PARENT LLC-REVOLVER                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     82652 | PA      | $0.00         | 0.00%             | 2028-02-14      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| GRAPHPAD SOFTWARE INC. PREFERRED UNITS             | GRAPHPAD SOFTWARE INC. PREFERRED UNITS             | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      3737 | NS      | $178190.17    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HTI TECHNOLOGY & INDUSTRIES-2022 DELAYED DRAW TERM | HTI TECHNOLOGY & INDUSTRIES-2022 DELAYED DRAW TERM | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     98064 | PA      | $91395.77     | 0.05%             | 2025-07-27      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| HOP ENTERTAINMENT LLC UNIT CLASS F                 | HOP ENTERTAINMENT LLC UNIT CLASS F                 | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        47 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRINTECH INC-2023 REVOLVER                         | TRINTECH INC-2023 REVOLVER                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    123214 | PA      | $33885.70     | 0.02%             | 2029-07-25      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| SYSTEC CORP 13% 2/9/2026                           | SYSTEC CORP 13% 2/9/2026                           | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2026-02-09      | None          | 13.00%                | Yes           |                  3 | On Loan: No      |
| ZB HOLDCO LLC 2023 INCREMENTAL TERM LOAN 1         | ZB HOLDCO LLC 2023 INCREMENTAL TERM LOAN 1         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    298977 | PA      | $295240.06    | 0.18%             | 2028-02-09      | Floating      | 10.20%                | Yes           |                  3 | On Loan: No      |
| SBP HOLDING LP-DDTL                                | SBP HOLDING LP-DDTL                                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     85758 | PA      | $85543.86     | 0.05%             | 2028-03-27      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| ACCURUS AEROSPACE CORPORATION-2025 REVOLVER        | ACCURUS AEROSPACE CORPORATION-2025 REVOLVER        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2030-03-12      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONCEPT MACHINE TOOL SALES LLC 2023 INCREMENTAL TE | CONCEPT MACHINE TOOL SALES LLC 2023 INCREMENTAL TE | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     76083 | PA      | $65659.40     | 0.04%             | 2027-01-31      | Floating      | 9.45%                 | Yes           |                  3 | On Loan: No      |
| COGNITO FORMS TERM LOAN                            | COGNITO FORMS TERM LOAN                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1512329 | PA      | $1485863.02   | 0.88%             | 2031-04-30      | Floating      | 10.57%                | Yes           |                  3 | On Loan: No      |
| OWL ACQUISITION LLC-2025 REVOLVER                  | OWL ACQUISITION LLC-2025 REVOLVER                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    111304 | PA      | $2208.61      | 0.00%             | 2032-04-19      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| WARNER PACIFIC INSURANCE SERVICES-DELAYED DRAW TER | WARNER PACIFIC INSURANCE SERVICES-DELAYED DRAW TER | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    534314 | PA      | $321642.39    | 0.19%             | 2027-12-27      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| SEKO GLOBAL LOGISTICS NETWORK, LLC-2024 DDTL (NEW) | SEKO GLOBAL LOGISTICS NETWORK, LLC-2024 DDTL (NEW) | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    142921 | PA      | $142920.85    | 0.09%             | 2029-11-27      | Floating      | 14.33%                | Yes           |                  3 | On Loan: No      |
| WWEC HOLDINGS II CORP-REVOLVER                     | WWEC HOLDINGS II CORP-REVOLVER                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    124224 | PA      | $-1590.06     | -0.00%            | 2028-10-03      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| TANK HOLDING CORP.-DELAYED DRAW TERM LOAN          | TANK HOLDING CORP.-DELAYED DRAW TERM LOAN          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     67465 | PA      | $66790.57     | 0.04%             | 2028-03-31      | Floating      | 10.43%                | Yes           |                  3 | On Loan: No      |
| BRIGHTSIGN TERM LOAN                               | BRIGHTSIGN TERM LOAN                               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1248396 | PA      | $1235911.84   | 0.74%             | 2027-10-14      | Floating      | 9.93%                 | Yes           |                  3 | On Loan: No      |
| POLARA (VSC POLARA LLC) EQUITY CO-INVEST           | POLARA (VSC POLARA LLC) EQUITY CO-INVEST           | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      1471 | NS      | $345634.95    | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| THE OCTAVE MUSIC GROUP INC (FKA TOUCHTUNES)        | THE OCTAVE MUSIC GROUP INC (FKA TOUCHTUNES)        | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     25641 | NS      | $77179.50     | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| REAL CHEMISTRY INTERMEDIATE III INC TERM LOAN      | REAL CHEMISTRY INTERMEDIATE III INC TERM LOAN      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    291559 | PA      | $290101.34    | 0.17%             | 2032-04-12      | Floating      | 8.83%                 | Yes           |                  3 | On Loan: No      |
| ZIYAD EQUITY                                       | ZIYAD EQUITY                                       | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        31 | NS      | $45755.26     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HOOSIER HD HOLDINGS INC COMMON STOCK               | HOOSIER HD HOLDINGS INC COMMON STOCK               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       210 | NS      | $218434.64    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HOP ENTERTAINMENT LLC UNIT CLASS G                 | HOP ENTERTAINMENT LLC UNIT CLASS G                 | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       114 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KINGS III 2024 INCREMENTAL TERM LOAN               | KINGS III 2024 INCREMENTAL TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    373389 | PA      | $373389.22    | 0.22%             | 2028-08-31      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| TAPCO EQUITY                                       | TAPCO EQUITY                                       | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        17 | NS      | $20359.37     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TIPCO TECHNOLOGIES-REVOLVER                        | TIPCO TECHNOLOGIES-REVOLVER                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     67183 | PA      | $23901.40     | 0.01%             | 2027-09-03      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ISTO BIOLOGICS TERM LOAN                           | ISTO BIOLOGICS TERM LOAN                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    570116 | PA      | $568405.48    | 0.34%             | 2028-10-18      | Floating      | 9.05%                 | Yes           |                  3 | On Loan: No      |
| SVI INTERNATIONAL, INC.-DELAYED DRAW TERM LOAN     | SVI INTERNATIONAL, INC.-DELAYED DRAW TERM LOAN     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    111386 | PA      | $85396.04     | 0.05%             | 2030-03-04      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| WWEC HOLDINGS II CORP TERM LOAN                    | WWEC HOLDINGS II CORP TERM LOAN                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    700683 | PA      | $691714.50    | 0.41%             | 2028-10-03      | Floating      | 9.55%                 | Yes           |                  3 | On Loan: No      |
| RUFFALO NOEL LEVITZ, LLC-REVOLVER                  | RUFFALO NOEL LEVITZ, LLC-REVOLVER                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     80432 | PA      | $42572.54     | 0.03%             | 2030-03-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| SISU ACQUISITIONCO, INC.-DELAYED TERM LOAN         | SISU ACQUISITIONCO, INC.-DELAYED TERM LOAN         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     43224 | PA      | $42445.72     | 0.03%             | 2025-11-30      | Floating      | 9.90%                 | Yes           |                  3 | On Loan: No      |
| W50 HOLDINGS LLC-REVOLVER                          | W50 HOLDINGS LLC-REVOLVER                          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     83947 | PA      | $0.00         | 0.00%             | 2030-03-22      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| DISCOVERY BUYER, LP-DDTL                           | DISCOVERY BUYER, LP-DDTL                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    335366 | PA      | $-3655.49     | -0.00%            | 2032-02-06      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| POLICY SERVICES COMPANY LLC WARRANTS - CLASS CC    | POLICY SERVICES COMPANY LLC WARRANTS - CLASS CC    | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        32 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KINGS III 1ST LIEN TERM LOAN                       | KINGS III 1ST LIEN TERM LOAN                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    358916 | PA      | $358915.88    | 0.21%             | 2028-08-31      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| CMT OPCO HOLDING LLC                               | CMT OPCO HOLDING LLC                               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      1237 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MOMENTUM TEXTILES LLC TERM LOAN A                  | MOMENTUM TEXTILES LLC TERM LOAN A                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    428158 | PA      | $424261.36    | 0.25%             | 2029-03-28      | Floating      | 9.80%                 | Yes           |                  3 | On Loan: No      |
| COGNITO FORMS-REVOLVER                             | COGNITO FORMS-REVOLVER                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     94521 | PA      | $-1654.11     | -0.00%            | 2031-04-30      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| KINGS III-2024 INCREMENTAL DDTL                    | KINGS III-2024 INCREMENTAL DDTL                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    125450 | PA      | $125450.23    | 0.07%             | 2026-01-31      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| SANDVINE CORPORATION CLASS A SHARES                | SANDVINE CORPORATION CLASS A SHARES                | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       688 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRIDENT MARITIME SYSTEMS INC. 2021 TERM LOAN       | TRIDENT MARITIME SYSTEMS INC. 2021 TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1682321 | PA      | $1470348.18   | 0.87%             | 2027-02-26      | Floating      | 2.00%                 | Yes           |                  3 | On Loan: No      |
| PROCESS INSIGHTS TERM LOAN                         | PROCESS INSIGHTS TERM LOAN                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    594377 | PA      | $552770.73    | 0.33%             | 2029-07-18      | Floating      | 10.58%                | Yes           |                  3 | On Loan: No      |
| UHY ADVISORS, INC.-REVOLVER                        | UHY ADVISORS, INC.-REVOLVER                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    229678 | PA      | $0.00         | 0.00%             | 2031-11-21      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| AMERICO CHEMICAL-REVOLVER                          | AMERICO CHEMICAL-REVOLVER                          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    120041 | PA      | $-1464.50     | -0.00%            | 2029-04-30      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| EXPRESS WASH ACQUISITION COMPANY LLC 2025 TERM LOA | EXPRESS WASH ACQUISITION COMPANY LLC 2025 TERM LOA | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    393937 | PA      | $389997.87    | 0.23%             | 2031-04-10      | Floating      | 10.46%                | Yes           |                  3 | On Loan: No      |
| PORTFOLIO GROUP-DDTL 1ST LIEN                      | PORTFOLIO GROUP-DDTL 1ST LIEN                      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    101102 | PA      | $95339.42     | 0.06%             | 2026-06-02      | Floating      | 10.45%                | Yes           |                  3 | On Loan: No      |
| Cascade Services-Delayed Draw Term Loan            | Cascade Services-Delayed Draw Term Loan            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    395166 | PA      | $365434.07    | 0.22%             | 2029-10-04      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| VITAL BUYER, LLC-DDTL                              | VITAL BUYER, LLC-DDTL                              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     31398 | PA      | $-313.98      | -0.00%            | 2030-06-03      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| MSI EXPRESS INC SENIOR TERM LOAN                   | MSI EXPRESS INC SENIOR TERM LOAN                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    325538 | PA      | $321826.83    | 0.19%             | 2031-03-24      | Floating      | 9.05%                 | Yes           |                  3 | On Loan: No      |
| WOODLAND FOODS INC TERM LOAN                       | WOODLAND FOODS INC TERM LOAN                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    973827 | PA      | $960193.07    | 0.57%             | 2027-12-01      | Floating      | 9.97%                 | Yes           |                  3 | On Loan: No      |
| HSID ACQUISITION LLC-2025 DDTL                     | HSID ACQUISITION LLC-2025 DDTL                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    346085 | PA      | $-2976.33     | -0.00%            | 2028-01-31      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| NF HOLDCO, LLC-REVOLVER                            | NF HOLDCO, LLC-REVOLVER                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    110490 | PA      | $45742.96     | 0.03%             | 2029-04-02      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| MILL CITY BUYER LLC 1ST AMENDMENT INCREMENTAL TERM | MILL CITY BUYER LLC 1ST AMENDMENT INCREMENTAL TERM | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     77496 | PA      | $76201.86     | 0.05%             | 2029-06-27      | None          | 1.50%                 | Yes           |                  3 | On Loan: No      |
| TERRYBEAR CASH EQUITY                              | TERRYBEAR CASH EQUITY                              | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     84038 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| THE HILB GROUP LLC (THG ACQUISITION)-DELAYED TL LI | THE HILB GROUP LLC (THG ACQUISITION)-DELAYED TL LI | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2026-12-02      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CADENCE INC. 2023 INCREMENTAL TERM LOAN            | CADENCE INC. 2023 INCREMENTAL TERM LOAN            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    362480 | PA      | $357767.67    | 0.21%             | 2026-05-21      | Floating      | 9.51%                 | Yes           |                  3 | On Loan: No      |
| VAN POOL TRANSPORTATION LLC (VP HOLDING COMPANY)-D | VAN POOL TRANSPORTATION LLC (VP HOLDING COMPANY)-D | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    758492 | PA      | $750907.36    | 0.45%             | 2025-12-31      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| NET AT WORK EQUITY CO-INVEST                       | NET AT WORK EQUITY CO-INVEST                       | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     32603 | NS      | $35537.27     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APPLIED AEROSPACE STRUCTURES CORP. (AASC LP) COMMO | APPLIED AEROSPACE STRUCTURES CORP. (AASC LP) COMMO | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |         8 | NS      | $17352.40     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| USA INDUSTRIES EQUITY                              | USA INDUSTRIES EQUITY                              | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     27916 | NS      | $134553.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| U.S. LEGAL SUPPORT INC TERM LOAN                   | U.S. LEGAL SUPPORT INC TERM LOAN                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1627463 | PA      | $1612978.83   | 0.96%             | 2026-06-01      | Floating      | 10.20%                | Yes           |                  3 | On Loan: No      |
| FIVE STAR HOLDING LLC COMMON EQUITY                | FIVE STAR HOLDING LLC COMMON EQUITY                | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        34 | NS      | $26288.23     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EXPRESS WASH ACQUISITION COMPANY, LLC -2025 REVOLV | EXPRESS WASH ACQUISITION COMPANY, LLC -2025 REVOLV | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     23180 | PA      | $-231.80      | -0.00%            | 2031-04-10      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| PARKVIEW DENTAL PARTNERS PREFERRED EQUITY          | PARKVIEW DENTAL PARTNERS PREFERRED EQUITY          | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      1204 | NS      | $36135.00     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DISCOVERY BUYER, LP-SENIOR REVOLVER                | DISCOVERY BUYER, LP-SENIOR REVOLVER                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     83333 | PA      | $-908.33      | -0.00%            | 2032-02-06      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| CGI PARENT LLC 2023 INCREMENTAL TERM LOAN          | CGI PARENT LLC 2023 INCREMENTAL TERM LOAN          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    651442 | PA      | $651442.39    | 0.39%             | 2028-02-14      | Floating      | 8.82%                 | Yes           |                  3 | On Loan: No      |
| Accurus Aerospace Corporation-2022 Revolver        | Accurus Aerospace Corporation-2022 Revolver        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     60981 | PA      | $34149.55     | 0.02%             | 2028-04-05      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| SVI INTERNATIONAL INC BARINGS EQUITY               | SVI INTERNATIONAL INC BARINGS EQUITY               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    311881 | NS      | $474059.12    | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ASC COMMUNICATIONS LLC 2022 TERM LOAN              | ASC COMMUNICATIONS LLC 2022 TERM LOAN              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    258231 | PA      | $258230.84    | 0.15%             | 2027-07-15      | Floating      | 9.18%                 | Yes           |                  3 | On Loan: No      |
| FRAGILEPAK TERM LOAN                               | FRAGILEPAK TERM LOAN                               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1035000 | PA      | $1035000.04   | 0.62%             | 2027-05-28      | Floating      | 10.20%                | Yes           |                  3 | On Loan: No      |
| RWA HOLDING COMPANY-DDTL                           | RWA HOLDING COMPANY-DDTL                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     43962 | PA      | $26913.23     | 0.02%             | 2029-11-01      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| ENERGY ACQUISITION LP 2024 TERM LOAN               | ENERGY ACQUISITION LP 2024 TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    703890 | PA      | $692627.76    | 0.41%             | 2029-05-10      | Floating      | 10.80%                | Yes           |                  3 | On Loan: No      |
| SPATCO ENERGY SOLUTIONS, LLC-2024 REVOLVER         | SPATCO ENERGY SOLUTIONS, LLC-2024 REVOLVER         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    204986 | PA      | $-2828.81     | -0.00%            | 2030-06-23      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| SWOOP-DDTL                                         | SWOOP-DDTL                                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    181818 | PA      | $-909.09      | -0.00%            | 2032-04-12      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| WC ORS BUYER INC 2025 1ST AMENDMENT TERM LOAN      | WC ORS BUYER INC 2025 1ST AMENDMENT TERM LOAN      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    128113 | PA      | $126191.20    | 0.08%             | 2031-08-07      | None          | 9.30%                 | Yes           |                  3 | On Loan: No      |
| SCP MEDICAL PRODUCTS LLC-REVOLVER                  | SCP MEDICAL PRODUCTS LLC-REVOLVER                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     42580 | PA      | $-532.25      | -0.00%            | 2031-06-27      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CADENCE INC 2018 1ST LIEN TERM LOAN                | CADENCE INC 2018 1ST LIEN TERM LOAN                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    847630 | PA      | $834915.77    | 0.50%             | 2026-05-21      | Floating      | 9.43%                 | Yes           |                  3 | On Loan: No      |
| OWL ACQUISITION LLC 2025 TERM LOAN                 | OWL ACQUISITION LLC 2025 TERM LOAN                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    460278 | PA      | $454524.93    | 0.27%             | 2032-04-19      | Floating      | 9.03%                 | Yes           |                  3 | On Loan: No      |
| EFI PRODUCTIVITY SOFTWARE-2024 INCREMENTAL DDTL    | EFI PRODUCTIVITY SOFTWARE-2024 INCREMENTAL DDTL    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    352577 | PA      | $65362.53     | 0.04%             | 2027-12-30      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| USLS ACQUISITION INC. AMENDMENT NO. 4 INCREMENTAL  | USLS ACQUISITION INC. AMENDMENT NO. 4 INCREMENTAL  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    471477 | PA      | $467281.26    | 0.28%             | 2026-06-01      | Floating      | 10.20%                | Yes           |                  3 | On Loan: No      |
| SMARTSHIFT TECHNOLOGIES-REVOLVER                   | SMARTSHIFT TECHNOLOGIES-REVOLVER                   | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    168014 | PA      | $0.00         | 0.00%             | 2029-09-01      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| GALLATIN CO-REV-TXBL 11.5 09/01/27                 | GALLATIN CO-REV-TXBL 11.5 09/01/27                 | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    340000 | PA      | $350179.53    | 0.21%             | 2027-09-01      | Floating      | 11.50%                | No            |                  2 | On Loan: No      |
| EFI PRODUCTIVITY SOFTWARE TERM LOAN                | EFI PRODUCTIVITY SOFTWARE TERM LOAN                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    894544 | PA      | $883361.89    | 0.53%             | 2027-12-30      | Floating      | 9.94%                 | Yes           |                  3 | On Loan: No      |
| BEST LAWYERS-DELAYED DRAW TERM LOAN                | Best Lawyers-Delayed Draw Term Loan                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     72787 | PA      | $72787.26     | 0.04%             | 2027-11-30      | Floating      | 9.69%                 | Yes           |                  3 | On Loan: No      |
| SPATCO ENERGY SOLUTIONS, LLC-2024 DDTL A           | SPATCO ENERGY SOLUTIONS, LLC-2024 DDTL A           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    161552 | PA      | $159322.32    | 0.09%             | 2030-07-23      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| TEAM AIR COMMON EQUITY                             | TEAM AIR COMMON EQUITY                             | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    891204 | NS      | $926852.53    | 0.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MSI EXPRESS INC-DDTL                               | MSI EXPRESS INC-DDTL                               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     83710 | PA      | $-954.29      | -0.00%            | 2031-03-24      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| STAPLES INC 10.75 09/01/29 144A                    | STAPLES INC 10.75 09/01/29 144A                    | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    750000 | PA      | $709818.82    | 0.42%             | 2029-09-01      | None          | 10.75%                | Yes           |                  2 | On Loan: No      |
| OSP HAMILTON PURCHASER LLC-2025 DELAYED DRAW TERM  | OSP HAMILTON PURCHASER LLC-2025 DELAYED DRAW TERM  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    276755 | PA      | $-2767.55     | -0.00%            | 2499-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| ELECTRIC EQUIPMENT AND ENGINEERING CO TERM LOAN    | ELECTRIC EQUIPMENT AND ENGINEERING CO TERM LOAN    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    874494 | PA      | $860327.57    | 0.51%             | 2030-12-02      | None          | 3.00%                 | Yes           |                  3 | On Loan: No      |
| RADIOLOGY PARTNERS INC 9.781 02/15/30 144A         | RADIOLOGY PARTNERS INC 9.781 02/15/30 144A         | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    786679 | PA      | $772911.87    | 0.46%             | 2030-02-15      | None          | 9.78%                 | Yes           |                  2 | On Loan: No      |
| MSI EXPRESS INC-SENIOR REVOLVER 2                  | MSI EXPRESS INC-SENIOR REVOLVER 2                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     83710 | PA      | $-954.29      | -0.00%            | 2031-03-24      | Fixed         | 0.50%                 | Yes           |                  3 | On Loan: No      |
| MUSIC REPORTS INC TERM LOAN                        | MUSIC REPORTS INC TERM LOAN                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    548682 | PA      | $534964.94    | 0.32%             | 2026-08-25      | Floating      | 10.67%                | Yes           |                  3 | On Loan: No      |
| TANK HOLDING CORP.-REVOLVER                        | TANK HOLDING CORP.-REVOLVER                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     21818 | PA      | $-261.82      | -0.00%            | 2028-03-31      | Floating      | 0.38%                 | Yes           |                  3 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY 9.875 09/20/31             | JETBLUE AIRWAYS/LOYALTY 9.875 09/20/31             | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | US        |    650000 | PA      | $632372.83    | 0.38%             | 2031-09-20      | None          | 9.88%                 | Yes           |                  2 | On Loan: No      |
| SBP HOLDING LP TERM LOAN                           | SBP HOLDING LP TERM LOAN                           | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    595949 | PA      | $594459.14    | 0.35%             | 2028-03-27      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| DECKSDIRECT, LLC-REVOLVER                          | DECKSDIRECT, LLC-REVOLVER                          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    414337 | PA      | $-75562.17    | -0.04%            | 2026-12-28      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| RAPIDAIR COMPRESSED AIR PRODUCTS EQUITY            | RAPIDAIR COMPRESSED AIR PRODUCTS EQUITY            | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        30 | NS      | $27382.50     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HEMASOURCE INC 2023 SENIOR TERM LOAN               | HEMASOURCE INC 2023 SENIOR TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    755868 | PA      | $755867.55    | 0.45%             | 2029-08-31      | Floating      | 9.08%                 | Yes           |                  3 | On Loan: No      |
| RUFFALO NOEL LEVITZ LLC TERM LOAN                  | RUFFALO NOEL LEVITZ LLC TERM LOAN                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1280817 | PA      | $400895.57    | 0.24%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| WILSONART LLC 2024 TERM LOAN B                     | WILSONART LLC 2024 TERM LOAN B                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    718943 | PA      | $707037.30    | 0.42%             | 2031-08-05      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| CJS GLOBAL SENIOR TERM LOAN                        | CJS GLOBAL SENIOR TERM LOAN                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    592424 | PA      | $588869.71    | 0.35%             | 2029-03-10      | Floating      | 10.07%                | Yes           |                  3 | On Loan: No      |
| SWIFTY HOLDINGS LLC SENIOR SUBORDINATED DEBT TERM  | SWIFTY HOLDINGS LLC SENIOR SUBORDINATED DEBT TERM  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     61333 | PA      | $60321.33     | 0.04%             | 2028-05-25      | Fixed         | 14.00%                | Yes           |                  3 | On Loan: No      |
| THG ACQUISITION, LLC-2024 REVOLVER                 | THG ACQUISITION, LLC-2024 REVOLVER                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     83951 | PA      | $5581.52      | 0.00%             | 2031-10-31      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| WOODLAND FOODS, INC-2025 3RD AMENDMENT DDTL        | WOODLAND FOODS, INC-2025 3RD AMENDMENT DDTL        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     39375 | PA      | $-551.25      | -0.00%            | 2027-12-01      | Fixed         | 1.00%                 | Yes           |                  3 | On Loan: No      |
| ECHO LOGISTICS EQUITY                              | ECHO LOGISTICS EQUITY                              | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        46 | NS      | $23774.32     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GOLDEN CERAMIC DENTAL LAB EQUITY                   | GOLDEN CERAMIC DENTAL LAB EQUITY                   | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    419595 | NS      | $562256.75    | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROI SOLUTIONS 2024 TERM LOAN                       | ROI SOLUTIONS 2024 TERM LOAN                       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1050718 | PA      | $1036953.51   | 0.62%             | 2029-09-13      | Floating      | 9.17%                 | Yes           |                  3 | On Loan: No      |
| SMARTSHIFT TECHNOLOGIES-DELAYED DRAW TERM LOAN     | SMARTSHIFT TECHNOLOGIES-DELAYED DRAW TERM LOAN     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    347403 | PA      | $347403.23    | 0.21%             | 2029-09-01      | Floating      | 9.26%                 | Yes           |                  3 | On Loan: No      |
| JONES FISH-REVOLVER                                | JONES FISH-REVOLVER                                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    199610 | PA      | $-1996.09     | -0.00%            | 2027-12-20      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| SCREENVISION LLC FIRST OUT TERM LOAN               | SCREENVISION LLC FIRST OUT TERM LOAN               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    445945 | PA      | $437026.29    | 0.26%             | 2030-04-25      | Floating      | 9.28%                 | Yes           |                  3 | On Loan: No      |
| NEWFORMA EQUITY                                    | NEWFORMA EQUITY                                    | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     81722 | NS      | $48215.98     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DECKSDIRECT LLC 2023 INCREMENTAL TERM LOAN B       | DECKSDIRECT LLC 2023 INCREMENTAL TERM LOAN B       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    268791 | PA      | $204818.43    | 0.12%             | 2026-12-28      | Floating      | 0.25%                 | Yes           |                  3 | On Loan: No      |
| DWYER INSTRUMENTS, INC-DELAYED DRAW TERM LOAN      | DWYER INSTRUMENTS, INC-DELAYED DRAW TERM LOAN      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    127961 | PA      | $127448.71    | 0.08%             | 2029-07-20      | Floating      | 9.05%                 | Yes           |                  3 | On Loan: No      |
| ADVANTAGE SOFTWARE CLASS B - 1 UNITS               | ADVANTAGE SOFTWARE CLASS B - 1 UNITS               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       766 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| POLICY SERVICES COMPANY LLC WARRANTS - CLASS D     | POLICY SERVICES COMPANY LLC WARRANTS - CLASS D     | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        89 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC. 2025 TERM LOAN B      | BAUSCH HEALTH COMPANIES INC. 2025 TERM LOAN B      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    917431 | PA      | $882880.73    | 0.53%             | 2030-10-08      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| REAL CHEMISTRY INTERMEDIATE III, INC-REVOLVER      | REAL CHEMISTRY INTERMEDIATE III, INC-REVOLVER      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     78859 | PA      | $-394.30      | -0.00%            | 2032-04-12      | None          | 0.38%                 | Yes           |                  3 | On Loan: No      |
| APPLIED AEROSPACE STRUCTURES CORP. TERM LOAN       | APPLIED AEROSPACE STRUCTURES CORP. TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    143490 | PA      | $142456.58    | 0.08%             | 2028-12-01      | Floating      | 8.80%                 | Yes           |                  3 | On Loan: No      |
| TENCARVA MACHINERY COMPANY-2024-2A DDTL            | TENCARVA MACHINERY COMPANY-2024-2A DDTL            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    184537 | PA      | $46722.57     | 0.03%             | 2027-12-20      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| TEIG HOLDINGS, LLC-DDTL                            | TEIG HOLDINGS, LLC-DDTL                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    154480 | PA      | $-1374.87     | -0.00%            | 2032-03-04      | Fixed         | 0.75%                 | Yes           |                  3 | On Loan: No      |
| CODUET ROYALTY HOLDINGS LLC SPV COMMON EQUITY      | CODUET ROYALTY HOLDINGS LLC SPV COMMON EQUITY      | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |    290344 | NS      | $540040.16    | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HTI TECHNOLOGY & INDUSTRIES-2022 DELAYED DRAW TERM | HTI TECHNOLOGY & INDUSTRIES-2022 DELAYED DRAW TERM | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    102273 | PA      | $-6954.55     | -0.00%            | 2025-07-27      | None          | 2.00%                 | Yes           |                  3 | On Loan: No      |
| LCPR SR SECURED FIN DAC 6.75 10/15/27 144A         | LCPR SR SECURED FIN DAC 6.75 10/15/27 144A         | CUSIP: 000000000<br>LEI: N/A | Long             | DBT              | CORP              | IE        |    750000 | PA      | $505192.50    | 0.30%             | 2027-10-15      | None          | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DECKSDIRECT LLC                                    | DECKSDIRECT LLC                                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    982174 | PA      | $748416.31    | 0.45%             | 2026-12-28      | Floating      | 0.25%                 | Yes           |                  3 | On Loan: No      |
| EFI PRODUCTIVITY SOFTWARE 2024 INCREMENTAL TERM L  | EFI PRODUCTIVITY SOFTWARE 2024 INCREMENTAL TERM L  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    344207 | PA      | $339904.70    | 0.20%             | 2030-05-23      | Floating      | 9.83%                 | Yes           |                  3 | On Loan: No      |
| SONICWALL US HOLDINGS INC. 2025 INCREMENTAL TERM L | SONICWALL US HOLDINGS INC. 2025 INCREMENTAL TERM L | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    962264 | PA      | $945424.53    | 0.56%             | 2028-05-18      | Floating      | 9.82%                 | Yes           |                  2 | On Loan: No      |
| NAVIA BENEFIT SOLUTIONS-DELAYED DRAW TERM LOAN     | NAVIA BENEFIT SOLUTIONS-DELAYED DRAW TERM LOAN     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    141160 | PA      | $141160.20    | 0.08%             | 2029-02-11      | Floating      | 8.93%                 | Yes           |                  3 | On Loan: No      |
| ROADONE INTERMODALOGISTICS-DDTL                    | ROADONE INTERMODALOGISTICS-DDTL                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     46036 | PA      | $46219.71     | 0.03%             | 2028-12-29      | Floating      | 10.53%                | Yes           |                  3 | On Loan: No      |
| JONES FISH 2023 INCREMENTAL SENIOR TERM LOAN       | JONES FISH 2023 INCREMENTAL SENIOR TERM LOAN       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    143646 | PA      | $142209.43    | 0.08%             | 2028-02-28      | Floating      | 9.73%                 | Yes           |                  3 | On Loan: No      |
| MISSION MICROWAVE PREFERRED EQUITY                 | MISSION MICROWAVE PREFERRED EQUITY                 | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       276 | NS      | $14363.04     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WARNER PACIFIC INSURANCE SERVICES-2024 THIRD DDTL  | WARNER PACIFIC INSURANCE SERVICES-2024 THIRD DDTL  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    523902 | PA      | $-4296.00     | -0.00%            | 2029-12-02      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| DECKSDIRECT LLC 2023 INCREMENTAL TERM LOAN         | DECKSDIRECT LLC 2023 INCREMENTAL TERM LOAN         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    109384 | PA      | $83350.58     | 0.05%             | 2026-12-28      | Floating      | 0.25%                 | Yes           |                  3 | On Loan: No      |
| MOBILE PRO SYSTEMS EQUITY                          | MOBILE PRO SYSTEMS EQUITY                          | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      4118 | NS      | $577294.53    | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JONES FISH 2023 INCREMENTAL TERM LOAN              | JONES FISH 2023 INCREMENTAL TERM LOAN              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    274262 | PA      | $271519.19    | 0.16%             | 2029-02-28      | Floating      | 9.80%                 | Yes           |                  3 | On Loan: No      |
| SHELF BIDCO LTD 2024 SECOND OUT TERM LOAN          | SHELF BIDCO LTD 2024 SECOND OUT TERM LOAN          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    995000 | PA      | $990522.50    | 0.59%             | 2031-08-21      | Floating      | 9.30%                 | No            |                  3 | On Loan: No      |
| DAWGS INTERMEDIATE HOLDINGS COMPANY-REVOLVER       | DAWGS INTERMEDIATE HOLDINGS COMPANY-REVOLVER       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    125686 | PA      | $13938.54     | 0.01%             | 2031-03-28      | Fixed         | 0.50%                 | Yes           |                  3 | On Loan: No      |
| HTI TECHNOLOGY & INDUSTRIES-2023 DELAYED DRAW TERM | HTI TECHNOLOGY & INDUSTRIES-2023 DELAYED DRAW TERM | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    150734 | PA      | $140484.22    | 0.08%             | 2025-07-27      | None          | 2.00%                 | Yes           |                  3 | On Loan: No      |
| POLYTEX HOLDINGS LLC UNIT CLASS F                  | POLYTEX HOLDINGS LLC UNIT CLASS F                  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     36976 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MEDIA RECOVERY, INC.-2024 USD SENIOR REVOLVER      | MEDIA RECOVERY, INC.-2024 USD SENIOR REVOLVER      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    284076 | PA      | $106101.89    | 0.06%             | 2030-09-30      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| TANK HOLDING CORP. 2023 INCREMENTAL TERM LOAN      | TANK HOLDING CORP. 2023 INCREMENTAL TERM LOAN      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    155642 | PA      | $154085.82    | 0.09%             | 2028-03-31      | Floating      | 10.43%                | Yes           |                  3 | On Loan: No      |
| PORTFOLIO GROUP-DELAYED DRAW TERM LOAN             | Portfolio Group-Delayed Draw Term Loan             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    501872 | PA      | $473264.82    | 0.28%             | 2026-06-02      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| CLOUDBREAK CLASS B SHARES                          | CLOUDBREAK CLASS B SHARES                          | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        49 | NS      | $57009.17     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AIT WORLDWIDE LOGISTICS INC LP UNITS               | AIT WORLDWIDE LOGISTICS INC LP UNITS               | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |        56 | NS      | $95689.62     | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PRO VISION EQUITY                                  | PRO VISION EQUITY                                  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       218 | NS      | $21829.05     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SISU ACQUISITIONCO INC. TERM LOAN                  | SISU ACQUISITIONCO INC. TERM LOAN                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1339767 | PA      | $1231245.58   | 0.73%             | 2026-12-22      | Floating      | 9.90%                 | Yes           |                  3 | On Loan: No      |
| OWL ACQUISITION LLC-2025 DDTL                      | OWL ACQUISITION LLC-2025 DDTL                      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     41907 | PA      | $-523.84      | -0.00%            | 2032-04-19      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| VB SPINE EQUITY                                    | VB SPINE EQUITY                                    | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     26485 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ACCELEVATION LLC-DDTL                              | ACCELEVATION LLC-DDTL                              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     62422 | PA      | $4463.20      | 0.00%             | 2031-01-02      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| DISCOVERY BUYER LP SENIOR TERM LOAN                | DISCOVERY BUYER LP SENIOR TERM LOAN                | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    581301 | PA      | $574964.63    | 0.34%             | 2032-02-06      | Floating      | 9.26%                 | Yes           |                  3 | On Loan: No      |
| THE CAPROCK GROUP-2024 DELAYED DRAW TERM LOAN 2    | THE CAPROCK GROUP-2024 DELAYED DRAW TERM LOAN 2    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    535353 | PA      | $-5353.53     | -0.00%            | 2028-12-22      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Comply365-Revolver                                 | Comply365-Revolver                                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     52748 | PA      | $-1160.46     | -0.00%            | 2029-12-21      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| TURNBERRY SOLUTIONS INC TERM LOAN                  | TURNBERRY SOLUTIONS INC TERM LOAN                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1567894 | PA      | $1567893.83   | 0.93%             | 2026-09-02      | Floating      | 10.43%                | Yes           |                  3 | On Loan: No      |
| BRIGHTSIGN 3RD AMENDMENT TERM LOAN                 | BRIGHTSIGN 3RD AMENDMENT TERM LOAN                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     48273 | PA      | $47789.80     | 0.03%             | 2027-10-14      | Floating      | 9.93%                 | Yes           |                  3 | On Loan: No      |
| WARNER PACIFIC INSURANCE SERVICES-FUNDED DELAYED D | WARNER PACIFIC INSURANCE SERVICES-FUNDED DELAYED D | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    414083 | PA      | $410687.87    | 0.24%             | 2027-12-27      | Floating      | 9.36%                 | Yes           |                  3 | On Loan: No      |
| AMERICO CHEMICAL PRODUCTS 2024 INCREMENTAL TERM LO | AMERICO CHEMICAL PRODUCTS 2024 INCREMENTAL TERM LO | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    270868 | PA      | $267563.02    | 0.16%             | 2029-04-30      | Floating      | 9.33%                 | Yes           |                  3 | On Loan: No      |
| STACKLINE HOLDCO NOTES                             | STACKLINE HOLDCO NOTES                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   2504234 | PA      | $2504233.67   | 1.49%             | 2028-07-30      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| DISTROKID SENIOR TERM LOAN                         | DISTROKID SENIOR TERM LOAN                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   2059920 | PA      | $2059920.30   | 1.23%             | 2027-09-30      | Floating      | 9.18%                 | Yes           |                  3 | On Loan: No      |
| ROI SOLUTIONS-REVOLVER                             | ROI SOLUTIONS-REVOLVER                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    180553 | PA      | $-2365.24     | -0.00%            | 2029-09-13      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| SCREENVISION LLC SECOND OUT TERM LOAN              | SCREENVISION LLC SECOND OUT TERM LOAN              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    447214 | PA      | $429325.52    | 0.26%             | 2030-04-25      | Floating      | 12.78%                | Yes           |                  3 | On Loan: No      |
| CW INTERMEDIATE HOLDINGS LLC                       | CW INTERMEDIATE HOLDINGS LLC                       | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |     55645 | NS      | $158588.71    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| 1WORLDSYNC INC. TERM LOAN                          | 1WORLDSYNC INC. TERM LOAN                          | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   2284740 | PA      | $2284740.27   | 1.36%             | 2025-10-08      | Floating      | 9.17%                 | Yes           |                  3 | On Loan: No      |
| ACCURUS AEROSPACE INTERNATIONAL UK EQUITY          | ACCURUS AEROSPACE INTERNATIONAL UK EQUITY          | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |       611 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NORTHSTAR RECYCLING-2024 DDTL                      | NORTHSTAR RECYCLING-2024 DDTL                      | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    253550 | PA      | $-2535.50     | -0.00%            | 2029-12-20      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| HEMASOURCE INC-REVOLVER                            | HEMASOURCE INC-REVOLVER                            | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    202373 | PA      | $0.00         | 0.00%             | 2029-08-31      | None          | 0.50%                 | Yes           |                  3 | On Loan: No      |
| PROJECT POTTER BUYER LLC CLASS B PARTNERSHIP UNIT  | PROJECT POTTER BUYER LLC CLASS B PARTNERSHIP UNIT  | CUSIP: 000000000<br>LEI: N/A | Long             | EC               | CORP              | US        |      6629 | NS      | $30226.51     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BROWN MACHINE GROUP HOLDINGS LLC TERM LOAN A       | BROWN MACHINE GROUP HOLDINGS LLC TERM LOAN A       | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    784104 | PA      | $723728.15    | 0.43%             | 2025-10-04      | Floating      | 10.70%                | Yes           |                  3 | On Loan: No      |
| HEARTLAND VETERINARY PARTNERS LLC 2021 OPCO PIK NO | HEARTLAND VETERINARY PARTNERS LLC 2021 OPCO PIK NO | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   2200883 | PA      | $2035816.97   | 1.21%             | 2028-11-09      | Fixed         | 11.00%                | Yes           |                  3 | On Loan: No      |
| VITALSOURCE 2025 3RD AMENDMENT INCREMENTAL TERM LO | VITALSOURCE 2025 3RD AMENDMENT INCREMENTAL TERM LO | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |     75167 | PA      | $74415.22     | 0.04%             | 2030-06-03      | Floating      | 7.31%                 | Yes           |                  3 | On Loan: No      |
| CASCADE SERVICES TERM LOAN                         | CASCADE SERVICES TERM LOAN                         | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    528713 | PA      | $515495.42    | 0.31%             | 2029-10-04      | Floating      | 10.28%                | Yes           |                  3 | On Loan: No      |
| SMARTSHIFT TECHNOLOGIES TERM LOAN                  | SMARTSHIFT TECHNOLOGIES TERM LOAN                  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    962928 | PA      | $962928.23    | 0.57%             | 2029-09-01      | Floating      | 9.08%                 | Yes           |                  3 | On Loan: No      |
| RPX CORPORATION 2024 TERM LOAN                     | RPX CORPORATION 2024 TERM LOAN                     | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   2231099 | PA      | $2207672.48   | 1.31%             | 2030-08-02      | Floating      | 9.56%                 | Yes           |                  3 | On Loan: No      |
| CAI SOFTWARE TERM LOAN                             | CAI SOFTWARE TERM LOAN                             | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   2190665 | PA      | $2190665.42   | 1.30%             | 2028-12-13      | Floating      | 9.30%                 | Yes           |                  3 | On Loan: No      |
| TENCARVA MACHINERY COMPANY-DELAYED DRAW TERM LOAN  | TENCARVA MACHINERY COMPANY-DELAYED DRAW TERM LOAN  | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    226520 | PA      | $223688.55    | 0.13%             | 2027-12-20      | Floating      | 9.16%                 | Yes           |                  3 | On Loan: No      |
| RENOVATION BRANDS TERM LOAN                        | RENOVATION BRANDS TERM LOAN                        | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    936893 | PA      | $877868.99    | 0.52%             | 2027-11-15      | Floating      | 9.94%                 | Yes           |                  3 | On Loan: No      |
| AD BIDCO, INC.-DELAYED DRAW TERM LOAN              | AD BIDCO, INC.-DELAYED DRAW TERM LOAN              | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    275519 | PA      | $241875.07    | 0.14%             | 2030-03-13      | None          | 1.00%                 | Yes           |                  3 | On Loan: No      |
| JONES FISH TERM LOAN                               | JONES FISH TERM LOAN                               | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1097046 | PA      | $1086075.95   | 0.65%             | 2027-12-20      | Floating      | 9.89%                 | Yes           |                  3 | On Loan: No      |
| VB SPINE HOLDINGS LLC TERM LOAN                    | VB SPINE HOLDINGS LLC TERM LOAN                    | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |   1564266 | PA      | $1501695.36   | 0.89%             | 2030-04-01      | Floating      | 12.80%                | Yes           |                  3 | On Loan: No      |
| EFI PRODUCTIVITY SOFTWARE-REVOLVER                 | EFI PRODUCTIVITY SOFTWARE-REVOLVER                 | CUSIP: 000000000<br>LEI: N/A | Long             | LON              | CORP              | US        |    118246 | PA      | $-1478.07     | -0.00%            | 2027-12-30      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** BARINGS PARTICIPATION INVESTORS

**Signature:** Christopher Hanscom

**Name of Signer:** Christopher Hanscom

**Title:** Chief Financial Officer for the Trusts