# EDGAR Filing Document

**Accession Number:** 0002040318
**File Stem:** 0000940400-25-011732
**Filing Date:** 2025-11
**Character Count:** 341302
**Document Hash:** 036daaaabb8497c9e2f0c7f8cc12f25c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011732.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011732

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Group KKR Multi-Sector (plus)
- **CENTRAL INDEX KEY:** 0002040318

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24017
- **FILM NUMBER:** 251535198

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET
- **STREET 2:** 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Nport-Ex

![](img455517801.jpg)

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

**Capital Group KKR Multi-Sector+**

Investment portfolio

September 30, 2025

**unaudited**

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

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 97.07%<br> **Corporate bonds, notes & loans 58.31%**<br> **Financials 13.14%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| ACF TD Holdings, LLC 6.46% 5/30/2031 <sup>(a)</sup>  | USD3,111 | $3153 |
| AG Issuer, LLC 6.25% 3/1/2028 <sup>(b)</sup>  | 310 | 311 |
| Alliant Holdings Intermediate, LLC 4.25% 10/15/2027 <sup>(b)</sup>  | 245 | 241 |
| Alliant Holdings Intermediate, LLC 5.875% 11/1/2029 <sup>(b)</sup>  | 275 | 275 |
| Alliant Holdings Intermediate, LLC 7.00% 1/15/2031 <sup>(b)</sup>  | 363 | 375 |
| Alliant Holdings Intermediate, LLC 6.50% 10/1/2031 <sup>(b)</sup>  | 505 | 517 |
| Alliant Holdings Intermediate, LLC 7.375% 10/1/2032 <sup>(b)</sup>  | 85 | 88 |
| AmWINS Group, Inc. 4.875% 6/30/2029 <sup>(b)</sup>  | 165 | 160 |
| Ardonagh Finco, Ltd. 7.75% 2/15/2031 <sup>(b)</sup>  | 370 | 387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ares Secondaries Pbn Finance Co. IV, LLC, Term Loan, (3-month USD CME Term SOFR + 2.90%) 7.111% <br> 4/14/2039 <sup>(a)(c)(d)</sup>  | 11 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ares Secondaries Pbn Finance Co. IV, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.041% <br> 4/14/2039 <sup>(a)(c)(d)</sup>  | 6 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ares Secondaries Pbn Finance Co. IV, LLC, Term Loan, (3-month USD CME Term SOFR + 8.50%) 12.791% <br> 4/14/2039 <sup>(a)(c)(d)</sup>  | 6 | 5 |
| Aretec Group, Inc. 7.50% 4/1/2029 <sup>(b)</sup>  | 200 | 201 |
| Aretec Group, Inc. 10.00% 8/15/2030 <sup>(b)</sup>  | 545 | 594 |
| Arthur J. Gallagher & Co. 5.15% 2/15/2035  | 197 | 199 |
| Arthur J. Gallagher & Co. 5.55% 2/15/2055  | 27 | 26 |
| ASF Rembrandt, LP, Term Loan, (3-month USD CME Term SOFR + 3.15%) 6.808% 12/31/2028 <sup>(a)(c)(d)</sup>  | 1719 | 1720 |
| Bank of America Corp. 5.162% 1/24/2031 (USD-SOFR + 1.00% on 1/24/2030) <sup>(e)</sup>  | 400 | 413 |
| Block, Inc. 2.75% 6/1/2026  | 155 | 153 |
| Block, Inc. 5.625% 8/15/2030 <sup>(b)</sup>  | 55 | 56 |
| Block, Inc. 3.50% 6/1/2031  | 70 | 65 |
| Block, Inc. 6.50% 5/15/2032  | 525 | 544 |
| Block, Inc. 6.00% 8/15/2033 <sup>(b)</sup>  | 70 | 72 |
| Blue Owl Credit Income Corp. 4.70% 2/8/2027  | 240 | 240 |
| BPCE SA 6.027% 5/28/2036 (USD-SOFR + 1.956% on 5/28/2035) <sup>(b)(e)</sup>  | 250 | 263 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 513 | 540 |
| CaixaBank SA 5.581% 7/3/2036 (USD-SOFR + 1.79% on 7/3/2035) <sup>(b)(e)</sup>  | 200 | 205 |
| Chubb INA Holdings, LLC 4.90% 8/15/2035  | 250 | 252 |
| Citigroup, Inc. 5.174% 9/11/2036 (USD-SOFR + 1.488% on 9/11/2035) <sup>(e)</sup>  | 250 | 253 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(b)</sup>  | 240 | 228 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(b)</sup>  | 95 | 85 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(b)</sup>  | 997 | 922 |
| Denali Topco, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.069% 8/26/2032 <sup>(a)(c)(d)</sup>  | 411 | 407 |
| FSS Buyer, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.856% 8/29/2031 <sup>(a)(c)(d)(f)</sup>  | 2477 | 2498 |
| Goldman Sachs Group, Inc. 5.016% 10/23/2035 (USD-SOFR + 1.42% on 10/23/2034) <sup>(e)</sup>  | 400 | 403 |
| Hbwm Intermediate II, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.990% 8/18/2031 <sup>(a)(c)(d)</sup>  | 200 | 200 |
| Hbwm Intermediate II, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.106% 11/17/2031 <sup>(a)(c)(d)</sup>  | 1504 | 1516 |
| Hbwm Intermediate II, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.106% 11/17/2031 <sup>(a)(c)(d)</sup>  | 1805 | 1820 |
| Hightower Holding, LLC 6.75% 4/15/2029 <sup>(b)</sup>  | 260 | 257 |
| HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028) <sup>(e)</sup>  | 380 | 359 |
| HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035) <sup>(e)</sup>  | 200 | 206 |
| HUB International, Ltd. 7.25% 6/15/2030 <sup>(b)</sup>  | 625 | 652 |

---

Capital Group KKR Multi-Sector+ — Page 1 of 18

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Acquisition, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) <br>9.333% 8/25/2028 <sup>(a)(c)(d)(f)</sup>  | USD3,192 | $3192 |
| ION Platform Finance US, Inc. 7.875% 9/30/2032 <sup>(b)</sup>  | 235 | 233 |
| Jamestown Funding Trust, Term Loan, (3-month USD CME Term SOFR + 2.20%) 6.556% 6/15/2072 <sup>(a)(c)(d)(f)</sup>  | 561 | 561 |
| Jamestown Funding Trust, Term Loan, (3-month USD CME Term SOFR + 3.15%) 7.506% 6/15/2072 <sup>(a)(c)(d)(f)</sup>  | 448 | 448 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(e)</sup>  | 600 | 633 |
| Koala Investment Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 9.079% 8/29/2032 <sup>(a)(c)(d)(f)</sup>  | 1660 | 1652 |
| Marsh & McLennan Cos., Inc. 5.40% 9/15/2033  | 162 | 170 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 69 | 70 |
| Marsh & McLennan Cos., Inc. 5.70% 9/15/2053  | 52 | 53 |
| Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030) <sup>(e)</sup>  | 248 | 256 |
| Morgan Stanley 5.664% 4/17/2036 (USD-SOFR + 1.757% on 4/17/2035) <sup>(e)</sup>  | 168 | 177 |
| Morgan Stanley 5.516% 11/19/2055 (USD-SOFR + 1.71% on 11/19/2054) <sup>(e)</sup>  | 128 | 130 |
| Navient Corp. 5.00% 3/15/2027  | 240 | 239 |
| Navient Corp. 5.50% 3/15/2029  | 320 | 314 |
| Navient Corp. 9.375% 7/25/2030  | 789 | 873 |
| Navient Corp. 11.50% 3/15/2031  | 235 | 265 |
| Navient Corp. 7.875% 6/15/2032  | 730 | 769 |
| Navient Corp. 5.625% 8/1/2033  | 1265 | 1155 |
| OneMain Finance Corp. 7.125% 3/15/2026  | 15 | 15 |
| OneMain Finance Corp. 6.125% 5/15/2030  | 185 | 188 |
| OneMain Finance Corp. 7.50% 5/15/2031  | 300 | 314 |
| OneMain Finance Corp. 7.125% 11/15/2031  | 255 | 265 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(b)</sup>  | 70 | 72 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(b)</sup>  | 59 | 61 |
| Oxford Finance, LLC 6.375% 2/1/2027 <sup>(b)</sup>  | 145 | 145 |
| PPV Intermediate Holdings, LLC, Term Loan B, (3-month USD CME Term SOFR + 5.75%) 9.949% 8/31/2029 <sup>(a)(c)(d)</sup>  | 2648 | 2648 |
| PPV Intermediate Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + 6.00%) 10.199% 8/31/2029 <sup>(a)(c)(d)</sup>  | 40 | 40 |
| Rialto Management Group, LLC, Term Loan, (1-month USD CME Term SOFR + 5.00%) 9.316% 12/5/2030 <sup>(a)(c)(d)</sup>  | 1765 | 1782 |
| Ryan Specialty, LLC 4.375% 2/1/2030 <sup>(b)</sup>  | 70 | 68 |
| Ryan Specialty, LLC 5.875% 8/1/2032 <sup>(b)</sup>  | 55 | 56 |
| Synchrony Financial 7.25% 2/2/2033  | 500 | 534 |
| Truist Insurance Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.752% 5/6/2032 <sup>(d)</sup>  | 245 | 250 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(b)</sup>  | 150 | 159 |
| Wells Fargo & Co. 5.15% 4/23/2031 (USD-SOFR + 1.50% on 4/23/2030) <sup>(e)</sup>  | 200 | 206 |
| Wells Fargo & Co. 5.211% 12/3/2035 (USD-SOFR + 1.38% on 12/3/2034) <sup>(e)</sup>  | 210 | 215 |
|  |  | 39086 |
| **Industrials 11.60%** |  |  |
| ADT Security Corp. 4.125% 8/1/2029 <sup>(b)</sup>  | 65 | 63 |
| Amentum Holdings, Inc. 7.25% 8/1/2032 <sup>(b)</sup>  | 360 | 374 |
| Avis Budget Car Rental, LLC 4.75% 4/1/2028 <sup>(b)</sup>  | 60 | 58 |
| Avis Budget Car Rental, LLC 5.375% 3/1/2029 <sup>(b)</sup>  | 115 | 112 |
| Axon Enterprise, Inc. 6.125% 3/15/2030 <sup>(b)</sup>  | 35 | 36 |
| Clarivate Science Holdings Corp. 3.875% 7/1/2028 <sup>(b)</sup>  | 120 | 116 |
| Clean Harbors, Inc. 5.75% 10/15/2033 <sup>(b)</sup>  | 185 | 187 |
| CoreLogic, Inc. 4.50% 5/1/2028 <sup>(b)</sup>  | 355 | 345 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 6.50%) 10.778% 6/4/2029 <sup>(d)</sup>  | 115 | 115 |
| Elk Bidco, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.823% 6/14/2032 <sup>(a)(c)(d)</sup>  | 2409 | 2409 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(b)</sup>  | 1000 | 1081 |
| Falconwing Aero Leasing DAC, Term Loan, 6.51% 10/26/2027 <sup>(a)(c)</sup>  | 575 | 575 |
| Falconwing Aero Leasing DAC, Term Loan, 6.50% 12/11/2027 <sup>(a)(c)</sup>  | 575 | 575 |
| Fortna AR, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.958% 6/1/2029 <sup>(a)(c)(d)(f)</sup>  | 2988 | 2987 |
| Horizon CTS Buyer, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.796% 3/29/2032 <sup>(a)(c)(d)</sup>  | 3043 | 3070 |

---

Capital Group KKR Multi-Sector+ — Page 2 of 18

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Industrials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Horizon CTS Buyer, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.796% 3/29/2032 <sup>(a)(c)(d)</sup>  | USD230 | $230 |
| Icahn Enterprises, LP 6.25% 5/15/2026  | 18 | 18 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 930 | 915 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 280 | 283 |
| Low Voltage Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.046% 4/28/2032 <sup>(a)(c)(d)(f)</sup>  | 2583 | 2598 |
| Peraton Corp., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 8.013% 2/1/2028 <sup>(d)</sup>  | 560 | 474 |
| Railpros, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.704% 5/24/2032 <sup>(a)(c)(d)(f)</sup>  | 171 | 172 |
| Reworld Holding Corp. 4.875% 12/1/2029 <sup>(b)</sup>  | 135 | 127 |
| RTX Corp. 1.90% 9/1/2031  | 81 | 71 |
| Sabre GLBL, Inc. 11.125% 7/15/2030 <sup>(b)</sup>  | 365 | 354 |
| Spirit AeroSystems, Inc. 4.60% 6/15/2028  | 40 | 40 |
| Spirit AeroSystems, Inc. 9.75% 11/15/2030 <sup>(b)</sup>  | 90 | 99 |
| Sunrun Charis Portfolio 2023, LLC, Term Loan, 6.925% 4/30/2059 <sup>(a)(c)</sup>  | 1537 | 1593 |
| Sunrun Romulus Portfolio 2024, LLC, Term Loan, 6.477% 1/31/2054 <sup>(a)(c)</sup>  | 1828 | 1859 |
| TransDigm, Inc. 6.375% 3/1/2029 <sup>(b)</sup>  | 255 | 261 |
| TransDigm, Inc. 6.625% 3/1/2032 <sup>(b)</sup>  | 255 | 263 |
| Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + 5.75%) 9.136% 2/13/2032 <sup>(a)(c)(d)(f)</sup>  | 5274 | 5326 |
| Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + 5.75%) 9.158% 2/13/2032 <sup>(a)(c)(d)(f)</sup>  | 167 | 168 |
| Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + 5.75%) 9.36% 2/13/2032 <sup>(a)(c)(d)(f)</sup>  | 173 | 175 |
| Union Pacific Corp. 2.891% 4/6/2036  | 128 | 108 |
| W. A. Kendall and Co., LLC, Term Loan, (3-month USD CME Term SOFR + 5.75%) 10.043% 4/22/2030 <sup>(a)(c)(d)</sup>  | 253 | 253 |
| W. A. Kendall and Co., LLC, Term Loan, (3-month USD CME Term SOFR + 5.44%) 11.321% 4/22/2030 <sup>(a)(c)(d)</sup>  | 77 | 77 |
| W. A. Kendall and Co., LLC, Term Loan, (6-month USD CME Term SOFR + 5.75%) 10.335% 4/22/2030 <sup>(a)(c)(d)</sup>  | 53 | 53 |
| W. A. Kendall and Co., LLC, Term Loan, (6-month USD CME Term SOFR + 5.75%) 10.379% 4/22/2030 <sup>(a)(c)(d)</sup>  | 873 | 873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Star Aviation Acquisition, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) <br>8.796% 5/20/2032 <sup>(a)(c)(d)</sup>  | 3705 | 3720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Star Aviation Acquisition, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) <br>8.805% 5/20/2032 <sup>(a)(c)(d)</sup>  | 104 | 104 |
| Woolpert Holdings Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.704% 4/5/2032 <sup>(a)(c)</sup>  | 2165 | 2165 |
| Woolpert Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.704% 4/5/2031 <sup>(a)(c)</sup>  | 36 | 36 |
|  |  | 34518 |
| **Information technology 9.16%** |  |  |
| Acuris Finance US, Inc. 9.00% 8/1/2029 <sup>(b)</sup>  | 200 | 209 |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(b)</sup>  | 455 | 490 |
| Bonterra, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) 1.00% 3/5/2032 <sup>(a)(c)(d)(f)</sup>  | 708 | 708 |
| Bonterra, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) 9.046% 3/5/2032 <sup>(a)(c)(d)(f)</sup>  | 5430 | 5431 |
| Bonterra, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) 9.297% 3/5/2032 <sup>(a)(c)(d)(f)</sup>  | 106 | 106 |
| Booz Allen Hamilton, Inc. 4.00% 7/1/2029 <sup>(b)</sup>  | 80 | 78 |
| Broadcom, Inc. 3.469% 4/15/2034 <sup>(b)</sup>  | 139 | 127 |
| Broadcom, Inc. 5.20% 7/15/2035  | 400 | 412 |
| Broadcom, Inc. 4.926% 5/15/2037 <sup>(b)</sup>  | 109 | 109 |
| Cisco Systems, Inc. 5.10% 2/24/2035  | 497 | 514 |
| Cloud Software Group, Inc. 6.50% 3/31/2029 <sup>(b)</sup>  | 85 | 86 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(b)</sup>  | 1075 | 1116 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(b)</sup>  | 1080 | 1147 |
| Cloud Software Group, Inc. 6.625% 8/15/2033 <sup>(b)</sup>  | 125 | 127 |
| CommScope Technologies, LLC 5.00% 3/15/2027 <sup>(b)</sup>  | 200 | 199 |
| CommScope Technologies, LLC 9.50% 12/15/2031 <sup>(b)</sup>  | 615 | 637 |
| Diamondback Acquisition Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.726% 9/24/2032 <sup>(a)(c)</sup>  | 19 | 19 |
| Diamondback Acquisition Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.726% 9/24/2032 <sup>(a)(c)</sup>  | 746 | 744 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(b)</sup>  | 140 | 148 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(b)</sup>  | 250 | 254 |
| Finastra USA, Inc., Term Loan, (1-month USD CME Term SOFR + 4.00%) 8.129% 7/30/2032 <sup>(d)</sup>  | 485 | 484 |

---

Capital Group KKR Multi-Sector+ — Page 3 of 18

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Information technology (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Flexera Software, LLC, Term Loan, (3-month EUR-EURIBOR + 4.75%) 6.594% 8/16/2032 <sup>(a)(c)(d)</sup>  | EUR635 | $744 |
| Flexera Software, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.961% 8/16/2032 <sup>(a)(c)(d)</sup>  | USD2,102 | 2101 |
| Gartner, Inc. 3.75% 10/1/2030 <sup>(b)</sup>  | 80 | 75 |
| Helios Software Holdings, Inc. 8.75% 5/1/2029 <sup>(b)</sup>  | 1168 | 1212 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 335 | 319 |
| ION Trading Technologies SARL 9.50% 5/30/2029 <sup>(b)</sup>  | 1158 | 1229 |
| MEDX Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.101% 7/21/2032 <sup>(a)(c)(d)(f)</sup>  | 4471 | 4448 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(b)</sup>  | 115 | 125 |
| Oracle Corp. 5.50% 8/3/2035  | 300 | 309 |
| Oracle Corp. 5.20% 9/26/2035  | 400 | 402 |
| Synopsys, Inc. 5.15% 4/1/2035  | 500 | 509 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(b)</sup>  | 125 | 129 |
| Unisys Corp. 10.625% 1/15/2031 <sup>(b)</sup>  | 179 | 191 |
| Vamos Bidco, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.046% 1/30/2032 <sup>(a)(c)(d)</sup>  | 1438 | 1438 |
| Vamos Bidco, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.064% 1/30/2032 <sup>(a)(c)(d)</sup>  | 60 | 60 |
| Viasat, Inc. 6.50% 7/15/2028 <sup>(b)</sup>  | 110 | 108 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.778% 3/2/2029 <sup>(d)</sup>  | 439 | 433 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.75% 5/30/2030 <sup>(d)</sup>  | 264 | 261 |
|  |  | 27238 |
| **Communication services 4.43%** |  |  |
| AT&T, Inc. 3.50% 9/15/2053  | 300 | 208 |
| CCO Holdings, LLC 5.00% 2/1/2028 <sup>(b)</sup>  | 295 | 292 |
| CCO Holdings, LLC 4.75% 3/1/2030 <sup>(b)</sup>  | 340 | 327 |
| CCO Holdings, LLC 4.50% 8/15/2030 <sup>(b)</sup>  | 110 | 104 |
| CCO Holdings, LLC 4.25% 2/1/2031 <sup>(b)</sup>  | 1425 | 1314 |
| CCO Holdings, LLC 7.375% 3/1/2031 <sup>(b)</sup>  | 361 | 373 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(b)</sup>  | 170 | 151 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(b)</sup>  | 170 | 147 |
| Charter Communications Operating, LLC 5.85% 12/1/2035  | 117 | 118 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 403 | 266 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 359 | 243 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 109 | 91 |
| Charter Communications Operating, LLC 3.85% 4/1/2061  | 265 | 165 |
| Comcast Corp. 5.65% 6/1/2054  | 197 | 193 |
| Comcast Corp. 6.05% 5/15/2055  | 40 | 41 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(b)</sup>  | 1115 | 1174 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(b)</sup>  | 64 | 64 |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(b)</sup>  | 240 | 237 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(b)</sup>  | 1176 | 1245 |
| EchoStar Corp. 10.75% 11/30/2029  | 525 | 578 |
| EchoStar Corp. 6.75% PIK 11/30/2030 <sup>(g)</sup>  | 321 | 332 |
| Embarq, LLC 7.995% 6/1/2036  | 240 | 120 |
| Frontier Communications Holdings, LLC 6.75% 5/1/2029 <sup>(b)</sup>  | 170 | 172 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(b)</sup>  | 250 | 271 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(b)</sup>  | 235 | 177 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(b)</sup>  | 70 | 71 |
| News Corp. 3.875% 5/15/2029 <sup>(b)</sup>  | 70 | 68 |
| Sirius XM Radio, LLC 3.125% 9/1/2026 <sup>(b)</sup>  | 70 | 69 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(b)</sup>  | 200 | 193 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(b)</sup>  | 610 | 553 |
| Snap, Inc. 6.875% 3/1/2033 <sup>(b)</sup>  | 170 | 174 |
| TEGNA, Inc. 5.00% 9/15/2029  | 555 | 553 |
| T-Mobile USA, Inc. 3.40% 10/15/2052  | 109 | 75 |

---

Capital Group KKR Multi-Sector+ — Page 4 of 18

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Communication services (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| T-Mobile USA, Inc. 5.875% 11/15/2055  | USD46 | $47 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(b)</sup>  | 265 | 275 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(b)</sup>  | 415 | 392 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(b)</sup>  | 575 | 613 |
| Verizon Communications, Inc. 5.25% 4/2/2035  | 191 | 194 |
| Virgin Media Secured Finance PLC 4.50% 8/15/2030 <sup>(b)</sup>  | 200 | 189 |
| VMED 02 UK Financing I PLC 4.25% 1/31/2031 <sup>(b)</sup>  | 200 | 186 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 430 | 415 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 651 | 520 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 85 | 63 |
| WMG Acquisition Corp. 3.75% 12/1/2029 <sup>(b)</sup>  | 45 | 43 |
| WMG Acquisition Corp. 3.875% 7/15/2030 <sup>(b)</sup>  | 85 | 81 |
|  |  | 13177 |
| **Health care 4.06%** |  |  |
| AbbVie, Inc. 5.20% 3/15/2035  | 200 | 207 |
| AdaptHealth, LLC 5.125% 3/1/2030 <sup>(b)</sup>  | 90 | 86 |
| AGS Health BCP Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.808% 8/2/2032 <sup>(a)(c)(d)</sup>  | 1341 | 1341 |
| AGS Health BCP, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.808% 8/2/2032 <sup>(a)(c)(d)</sup>  | 705 | 705 |
| Amgen, Inc. 5.25% 3/2/2033  | 433 | 449 |
| Amneal Pharmaceuticals, LLC 6.875% 8/1/2032 <sup>(b)</sup>  | 65 | 67 |
| AthenaHealth Group, Inc. 6.50% 2/15/2030 <sup>(b)</sup>  | 340 | 337 |
| Avantor Funding, Inc. 4.625% 7/15/2028 <sup>(b)</sup>  | 315 | 310 |
| Avantor Funding, Inc. 3.875% 11/1/2029 <sup>(b)</sup>  | 170 | 162 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 400 | 415 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 100 | 100 |
| Centene Corp. 2.45% 7/15/2028  | 75 | 70 |
| Centene Corp. 2.50% 3/1/2031  | 80 | 69 |
| CHS / Community Health Systems, Inc. 5.25% 5/15/2030 <sup>(b)</sup>  | 120 | 109 |
| CVS Health Corp. 5.70% 6/1/2034  | 400 | 418 |
| CVS Health Corp. 6.20% 9/15/2055  | 233 | 240 |
| CVS Health Corp. 6.25% 9/15/2065  | 67 | 68 |
| DaVita, Inc. 4.625% 6/1/2030 <sup>(b)</sup>  | 240 | 230 |
| DaVita, Inc. 6.875% 9/1/2032 <sup>(b)</sup>  | 130 | 134 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(b)</sup>  | 235 | 243 |
| Elevance Health, Inc. 5.20% 2/15/2035  | 81 | 83 |
| Elevance Health, Inc. 5.85% 11/1/2064  | 98 | 98 |
| Endo Finance Holdings, Inc. 8.50% 4/15/2031 <sup>(b)</sup>  | 110 | 118 |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.00%) 8.163% 4/23/2031 <sup>(d)</sup>  | 189 | 189 |
| Humana, Inc. 5.375% 4/15/2031  | 200 | 206 |
| IQVIA, Inc. 6.25% 6/1/2032 <sup>(b)</sup>  | 300 | 309 |
| Medline Borrower, LP 3.875% 4/1/2029 <sup>(b)</sup>  | 170 | 164 |
| Medline Borrower, LP 6.25% 4/1/2029 <sup>(b)</sup>  | 160 | 164 |
| Medline Borrower, LP 5.25% 10/1/2029 <sup>(b)</sup>  | 550 | 546 |
| Molina Healthcare, Inc. 3.875% 5/15/2032 <sup>(b)</sup>  | 270 | 245 |
| Owens & Minor, Inc. 4.50% 3/31/2029 <sup>(b)</sup>  | 755 | 607 |
| Owens & Minor, Inc. 6.25% 4/1/2030 <sup>(b)</sup>  | 300 | 248 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 382 | 369 |
| Takeda U.S. Financing, Inc. 5.90% 7/7/2055  | 200 | 206 |
| Tenet Healthcare Corp. 6.25% 2/1/2027  | 30 | 30 |
| Tenet Healthcare Corp. 4.25% 6/1/2029  | 795 | 777 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 335 | 348 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 330 | 332 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 200 | 218 |

---

Capital Group KKR Multi-Sector+ — Page 5 of 18

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | USD200 | $208 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 85 | 64 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 300 | 308 |
| UnitedHealth Group, Inc. 5.625% 7/15/2054  | 381 | 379 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 98 | 102 |
|  |  | 12078 |
| **Consumer discretionary 3.57%** |  |  |
| Advance Auto Parts, Inc. 3.90% 4/15/2030  | 420 | 390 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 190 | 166 |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(b)</sup>  | 125 | 129 |
| Allied Universal Holdco, LLC 6.875% 6/15/2030 <sup>(b)</sup>  | 300 | 309 |
| Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/2029 <sup>(b)</sup>  | 200 | 208 |
| Asbury Automotive Group, Inc. 4.625% 11/15/2029 <sup>(b)</sup>  | 260 | 253 |
| Caesars Entertainment, Inc. 7.00% 2/15/2030 <sup>(b)</sup>  | 255 | 262 |
| Carnival Corp. 6.00% 5/1/2029 <sup>(b)</sup>  | 375 | 381 |
| Carnival Corp. 5.75% 8/1/2032 <sup>(b)</sup>  | 300 | 306 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(b)</sup>  | 395 | 405 |
| ClubCorp Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 5.00%) 9.328% 7/9/2032 <sup>(a)(c)(d)(f)</sup>  | 2556 | 2543 |
| Fertitta Entertainment, LLC 4.625% 1/15/2029 <sup>(b)</sup>  | 130 | 124 |
| Fertitta Entertainment, LLC 6.75% 1/15/2030 <sup>(b)</sup>  | 145 | 136 |
| First Student Bidco, Inc. 4.00% 7/31/2029 <sup>(b)</sup>  | 245 | 233 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 365 | 381 |
| Ford Motor Credit Co., LLC 3.25% 2/12/2032  | 815 | 713 |
| Hanesbrands, Inc. 9.00% 2/15/2031 <sup>(b)</sup>  | 95 | 101 |
| Home Depot, Inc. 4.95% 6/25/2034  | 400 | 410 |
| HP TLE Buyer, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.041% 7/1/2032 <sup>(a)(c)(d)</sup>  | 662 | 662 |
| LCM Investments Holdings II, LLC 4.875% 5/1/2029 <sup>(b)</sup>  | 250 | 245 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(b)</sup>  | 180 | 191 |
| Light and Wonder International, Inc. 7.25% 11/15/2029 <sup>(b)</sup>  | 85 | 87 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 150 | 148 |
| Newell Brands, Inc. 7.00% 4/1/2046 <sup>(e)</sup>  | 85 | 75 |
| Nissan Motor Co., Ltd. 7.50% 7/17/2030 <sup>(b)</sup>  | 200 | 210 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(b)</sup>  | 295 | 317 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 122 | 123 |
| Sonic Automotive, Inc. 4.625% 11/15/2029 <sup>(b)</sup>  | 125 | 122 |
| Universal Entertainment Corp. 9.875% 8/1/2029 <sup>(b)</sup>  | 435 | 432 |
| Wand NewCo 3, Inc. 7.625% 1/30/2032 <sup>(b)</sup>  | 55 | 58 |
| Wynn Resorts Finance, LLC 5.125% 10/1/2029 <sup>(b)</sup>  | 505 | 507 |
|  |  | 10627 |
| **Materials 3.33%** |  |  |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(b)</sup>  | 90 | 92 |
| Cleveland-Cliffs, Inc. 6.75% 4/15/2030 <sup>(b)</sup>  | 365 | 371 |
| Cleveland-Cliffs, Inc. 4.875% 3/1/2031 <sup>(b)</sup>  | 365 | 342 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(b)</sup>  | 145 | 150 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(b)</sup>  | 155 | 157 |
| Cleveland-Cliffs, Inc. 7.375% 5/1/2033 <sup>(b)</sup>  | 120 | 123 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(b)</sup>  | 140 | 144 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(b)</sup>  | 235 | 215 |
| CVR Partners, LP 6.125% 6/15/2028 <sup>(b)</sup>  | 190 | 190 |
| Dow Chemical Co. (The) 5.95% 3/15/2055  | 52 | 49 |
| First Quantum Minerals, Ltd. 9.375% 3/1/2029 <sup>(b)</sup>  | 490 | 520 |
| FXI Holdings, Inc. 12.25% 11/15/2026 <sup>(b)</sup>  | 480 | 424 |

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Capital Group KKR Multi-Sector+ — Page 6 of 18

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Materials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Mercer International, Inc. 12.875% 10/1/2028 <sup>(b)</sup>  | USD20 | $18 |
| Mercer International, Inc. 5.125% 2/1/2029  | 45 | 33 |
| Methanex Corp. 5.125% 10/15/2027  | 235 | 235 |
| Methanex Corp. 5.25% 12/15/2029  | 85 | 85 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(b)</sup>  | 120 | 126 |
| Mineral Resources, Ltd. 8.50% 5/1/2030 <sup>(b)</sup>  | 355 | 369 |
| Packaging Coordinators Midco, Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.058% 1/22/2032 <sup>(a)(c)(d)(f)</sup>  | 5422 | 5465 |
| Quikrete Holdings, Inc. 6.375% 3/1/2032 <sup>(b)</sup>  | 100 | 104 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(b)</sup>  | 45 | 47 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.00% PIK and 4.00% Cash on 12/30/2025) <sup>(b)(e)(g)</sup>  | 216 | 218 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.00% PIK and 4.00% Cash on 12/30/2025) <sup>(e)(g)</sup>  | 182 | 183 |
| Trivium Packaging Finance BV 12.25% 1/15/2031 <sup>(b)</sup>  | 230 | 249 |
|  |  | 9909 |
| **Energy 3.31%** |  |  |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(b)</sup>  | 60 | 60 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(b)</sup>  | 178 | 177 |
| Caturus Energy, LLC 8.50% 2/15/2030 <sup>(b)</sup>  | 530 | 552 |
| Civitas Resources, Inc. 8.625% 11/1/2030 <sup>(b)</sup>  | 55 | 57 |
| Civitas Resources, Inc. 9.625% 6/15/2033 <sup>(b)</sup>  | 75 | 79 |
| CNX Resources Corp. 7.375% 1/15/2031 <sup>(b)</sup>  | 150 | 155 |
| Comstock Resources, Inc. 5.875% 1/15/2030 <sup>(b)</sup>  | 105 | 101 |
| ConocoPhillips Co. 3.80% 3/15/2052  | 63 | 47 |
| ConocoPhillips Co. 5.50% 1/15/2055  | 179 | 176 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(b)</sup>  | 200 | 205 |
| Crescent Energy Finance, LLC 9.25% 2/15/2028 <sup>(b)</sup>  | 122 | 127 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(b)</sup>  | 350 | 341 |
| DT Midstream, Inc. 4.375% 6/15/2031 <sup>(b)</sup>  | 210 | 203 |
| Energy Transfer, LP 6.00% 2/1/2029 <sup>(b)</sup>  | 35 | 36 |
| Energy Transfer, LP 5.20% 4/1/2030  | 120 | 124 |
| EQT Corp. 4.75% 1/15/2031  | 165 | 165 |
| EQT Corp. 3.625% 5/15/2031 <sup>(b)</sup>  | 170 | 159 |
| Expand Energy Corp. 5.875% 2/1/2029 <sup>(b)</sup>  | 70 | 70 |
| Genesis Energy, LP 7.875% 5/15/2032  | 260 | 271 |
| Harvest Midstream I, LP 7.50% 9/1/2028 <sup>(b)</sup>  | 85 | 86 |
| Harvest Midstream I, LP 7.50% 5/15/2032 <sup>(b)</sup>  | 50 | 51 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(b)</sup>  | 30 | 31 |
| Hess Midstream Operations, LP 4.25% 2/15/2030 <sup>(b)</sup>  | 395 | 383 |
| Hess Midstream Operations, LP 5.50% 10/15/2030 <sup>(b)</sup>  | 175 | 176 |
| Hilcorp Energy I, LP 6.00% 2/1/2031 <sup>(b)</sup>  | 95 | 92 |
| Hilcorp Energy I, LP 6.25% 4/15/2032 <sup>(b)</sup>  | 100 | 96 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(b)</sup>  | 105 | 110 |
| John Wood Group PLC, Term Loan, (3-month USD CME Term SOFR + 5.50%) 9.818% 10/31/2028 <sup>(a)(c)(d)(f)</sup>  | 1400 | 1400 |
| MPLX, LP 5.40% 9/15/2035  | 76 | 76 |
| New Fortress Energy, Inc. 6.50% 9/30/2026 <sup>(b)</sup>  | 200 | 50 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(b)</sup>  | 2565 | 757 |
| NGL Energy Operating, LLC 8.125% 2/15/2029 <sup>(b)</sup>  | 105 | 108 |
| NGL Energy Operating, LLC 8.375% 2/15/2032 <sup>(b)</sup>  | 200 | 205 |
| Noble Finance II, LLC 8.00% 4/15/2030 <sup>(b)</sup>  | 100 | 104 |
| Saturn Oil & Gas, Inc. 9.625% 6/15/2029 <sup>(b)</sup>  | 38 | 39 |
| Summit Midstream Holdings, LLC 8.625% 10/31/2029 <sup>(b)</sup>  | 105 | 106 |
| Sunoco, LP 4.50% 5/15/2029  | 65 | 64 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(b)</sup>  | 45 | 45 |
| Sunoco, LP 7.25% 5/1/2032 <sup>(b)</sup>  | 245 | 257 |

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Capital Group KKR Multi-Sector+ — Page 7 of 18

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Energy (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Sunoco, LP 5.875% 3/15/2034 <sup>(b)</sup>  | USD70 | $70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunoco, LP, 7.875% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 4.23% on 9/18/2030) <sup>(b)(e)</sup>  | 125 | 127 |
| Superior Plus, LP 4.50% 3/15/2029 <sup>(b)</sup>  | 60 | 58 |
| TotalEnergies Capital International SA 3.127% 5/29/2050  | 46 | 32 |
| TotalEnergies Capital SA 5.488% 4/5/2054  | 158 | 156 |
| TotalEnergies Capital SA 5.275% 9/10/2054  | 46 | 44 |
| Transocean International, Ltd. 7.875% 10/15/2032 <sup>(b)</sup>  | 35 | 35 |
| Transocean Titan Financing, Ltd. 8.375% 2/1/2028 <sup>(b)</sup>  | 77 | 79 |
| Transocean, Inc. 8.75% 2/15/2030 <sup>(b)</sup>  | 71 | 75 |
| Venture Global Calcasieu Pass, LLC 3.875% 8/15/2029 <sup>(b)</sup>  | 170 | 163 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(b)</sup>  | 825 | 779 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(b)</sup>  | 220 | 231 |
| Venture Global LNG, Inc. 9.875% 2/1/2032 <sup>(b)</sup>  | 380 | 414 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(b)</sup>  | 210 | 232 |
|  |  | 9836 |
| **Real estate 2.55%** |  |  |
| Brookfield Property REIT, Inc. 5.75% 5/15/2026 <sup>(b)</sup>  | 212 | 212 |
| Howard Hughes Corp. (The) 5.375% 8/1/2028 <sup>(b)</sup>  | 85 | 85 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(b)</sup>  | 155 | 149 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(b)</sup>  | 290 | 272 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(b)</sup>  | 525 | 520 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 290 | 277 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 535 | 500 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 210 | 196 |
| Ladder Capital Finance Holdings LLLP 4.75% 6/15/2029 <sup>(b)</sup>  | 45 | 44 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 1060 | 1028 |
| MPT Operating Partnership, LP 3.50% 3/15/2031  | 230 | 169 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(b)</sup>  | 475 | 505 |
| Park Intermediate Holdings, LLC 4.875% 5/15/2029 <sup>(b)</sup>  | 90 | 88 |
| Service Properties Trust 4.75% 10/1/2026  | 125 | 125 |
| Service Properties Trust 4.95% 2/15/2027  | 415 | 414 |
| Service Properties Trust 8.00% 9/30/2027 <sup>(b)</sup>  | 135 | 119 |
| Service Properties Trust 3.95% 1/15/2028  | 1025 | 960 |
| Service Properties Trust 8.375% 6/15/2029  | 375 | 381 |
| Service Properties Trust 4.95% 10/1/2029  | 820 | 723 |
| Service Properties Trust 4.375% 2/15/2030  | 198 | 168 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(b)</sup>  | 605 | 645 |
|  |  | 7580 |
| **Consumer staples 2.39%** |  |  |
| Albertsons Cos., Inc. 3.50% 3/15/2029 <sup>(b)</sup>  | 170 | 161 |
| Anheuser-Busch InBev Worldwide, Inc. 3.50% 6/1/2030  | 46 | 45 |
| Anheuser-Busch InBev Worldwide, Inc. 5.00% 6/15/2034  | 63 | 65 |
| B&G Foods, Inc. 5.25% 9/15/2027  | 40 | 39 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(b)</sup>  | 240 | 233 |
| BAT Capital Corp. 3.557% 8/15/2027  | 502 | 497 |
| BAT Capital Corp. 6.25% 8/15/2055  | 250 | 262 |
| Imperial Brands Finance PLC 5.625% 7/1/2035 <sup>(b)</sup>  | 200 | 204 |
| Lamb Weston Holdings, Inc. 4.125% 1/31/2030 <sup>(b)</sup>  | 245 | 236 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(b)</sup>  | 422 | 432 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(b)</sup>  | 197 | 201 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(b)</sup>  | 200 | 203 |

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Capital Group KKR Multi-Sector+ — Page 8 of 18

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Consumer staples (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Philip Morris International, Inc. 2.10% 5/1/2030  | USD86 | $78 |
| Philip Morris International, Inc. 1.75% 11/1/2030  | 128 | 113 |
| Philip Morris International, Inc. 4.875% 4/30/2035  | 250 | 250 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(b)</sup>  | 280 | 270 |
| TPSI Receivables, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 0.50% 1/24/2029 <sup>(a)(c)(d)(f)</sup>  | 3413 | 3419 |
| TreeHouse Foods, Inc. 4.00% 9/1/2028  | 250 | 244 |
| United Natural Foods, Inc. 6.75% 10/15/2028 <sup>(b)</sup>  | 160 | 160 |
|  |  | 7112 |
| **Utilities 0.77%** |  |  |
| Florida Power & Light Co. 5.10% 4/1/2033  | 191 | 198 |
| Florida Power & Light Co. 2.875% 12/4/2051  | 260 | 168 |
| Florida Power & Light Co. 5.70% 3/15/2055  | 81 | 84 |
| Long Ridge Energy, LLC 8.75% 2/15/2032 <sup>(b)</sup>  | 280 | 288 |
| Pacific Gas and Electric Co. 3.30% 8/1/2040  | 102 | 77 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 170 | 116 |
| PECO Energy Co. 4.875% 9/15/2035  | 475 | 478 |
| PG&E Corp. 5.25% 7/1/2030  | 310 | 306 |
| Public Service Electric and Gas Co. 4.90% 8/15/2035  | 225 | 227 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(b)</sup>  | 315 | 335 |
|  |  | 2277 |
| **Total corporate bonds, notes & loans** | **Total corporate bonds, notes & loans** | 173438 |
| **Mortgage-backed obligations 19.40%**<br> **Commercial mortgage-backed securities 14.10%**<br>|  |  |
| ALA Trust, Series 2025-OANA, Class C, (1-month USD CME Term SOFR + 2.092%) 6.243% 6/15/2030 <sup>(b)(d)(h)</sup>  | 1143 | 1154 |
| AMSR Trust, Series 2025-SFR1, Class E1, 3.655% 6/17/2030 <sup>(b)(h)</sup>  | 256 | 235 |
| AMSR Trust, Series 2025-SFR1, Class E2, 3.655% 6/17/2030 <sup>(b)(h)</sup>  | 242 | 221 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class C, 6.59% 11/10/2029 <sup>(b)(d)(h)</sup>  | 536 | 543 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class D, 7.935% 11/10/2029 <sup>(b)(d)(h)</sup>  | 2000 | 2039 |
| Bank Commercial Mortgage Trust, Series 2023-5YR1, Class B, 6.623% 3/15/2056 <sup>(d)(h)</sup>  | 2000 | 2066 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C27, Class C, 6.70% 7/15/2057 <sup>(d)(h)</sup>  | 490 | 507 |
| Benchmark Mortgage Trust, Series 2025-V15, Class C, 6.268% 6/15/2030 <sup>(d)(h)</sup>  | 1683 | 1715 |
| Benchmark Mortgage Trust, Series 2025-V15, Class B, 6.425% 6/15/2030 <sup>(d)(h)</sup>  | 154 | 161 |
| Benchmark Mortgage Trust, Series 2018-B7, Class B, 4.999% 5/15/2053 <sup>(d)(h)</sup>  | 700 | 649 |
| Benchmark Mortgage Trust, Series 2020-B22, Class AM, 2.163% 1/15/2054 <sup>(h)</sup>  | 407 | 346 |
| Benchmark Mortgage Trust, Series 2022-B32, Class A5, 3.002% 1/15/2055 <sup>(h)</sup>  | 380 | 339 |
| Benchmark Mortgage Trust, Series 2024-V5, Class C, 7.205% 1/10/2057 <sup>(d)(h)</sup>  | 500 | 516 |
| Benchmark Mortgage Trust, Series 2024-V8, Class C, 7.179%% 7/15/2057 <sup>(d)(h)</sup>  | 1000 | 1048 |
| Benchmark Mortgage Trust, Series 2025-V16, Class C, 5.952% 8/15/2058 <sup>(h)</sup>  | 2000 | 2012 |
| BMO Mortgage Trust, Series 2025-5C10, Class B, 6.445% 5/15/2058 <sup>(d)(h)</sup>  | 2000 | 2092 |
| BX Trust, Series 2022-CSMO, Class B, (1-month USD CME Term SOFR + 3.141%) 7.291% 6/15/2027 <sup>(b)(d)(h)</sup>  | 477 | 483 |
| BX Trust, Series 2021-VOLT, Class E, (1-month USD CME Term SOFR + 2.114%) 6.265% 9/15/2036 <sup>(b)(d)(h)</sup>  | 1453 | 1451 |
| BX Trust, Series 2024-AIR2, Class D, (1-month USD CME Term SOFR + 2.79%) 6.941% 10/15/2041 <sup>(b)(d)(h)</sup>  | 1199 | 1205 |
| BX Trust, Series 2025-VLT6, Class D, (1-month USD CME Term SOFR + 2.5916%) 6.742% 3/15/2042 <sup>(b)(d)(h)</sup>  | 490 | 491 |
| BX Trust, Series 2025-GW, Class D, (1-month USD CME Term SOFR + 2.75%) 6.90% 7/15/2042 <sup>(b)(d)(h)</sup>  | 1000 | 1006 |
| BX Trust, Series 2025-VLT7, Class C, (1-month USD CME Term SOFR + 2.35%) 6.50% 7/15/2044 <sup>(b)(d)(h)</sup>  | 1332 | 1340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, (1-month USD CME Term SOFR + 3.188%) 7.339% <br> 3/15/2035 <sup>(b)(d)(h)</sup>  | 1500 | 1507 |
| Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 2/10/2049 <sup>(h)</sup>  | 1653 | 1642 |
| Commercial Mortgage Trust, Series 2019-GC44, Class AM, 3.263% 8/15/2057 <sup>(h)</sup>  | 2000 | 1862 |
| DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class A, 5.919% 8/12/2043 <sup>(b)(d)(h)</sup>  | 500 | 518 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class B, 6.804% 9/12/2040 <sup>(b)(h)</sup>  | 605 | 629 |

---

Capital Group KKR Multi-Sector+ — Page 9 of 18

------

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---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class D, 6.75% (1-month USD CME Term SOFR + 2.60%) <br> 10/15/2042 <sup>(b)(d)(h)</sup>  | USD874 | $876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) 5.60% <br> 12/15/2039 <sup>(b)(d)(h)</sup>  | 892 | 893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class E, (1-month USD CME Term SOFR + 3.15%) 7.30% <br> 12/15/2039 <sup>(b)(d)(h)</sup>  | 1000 | 1005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Wolf Trust, Series 2024-WOLF, Class A, (1-month USD CME Term SOFR + 1.542%) 5.692% <br>3/15/2039 <sup>(b)(d)(h)</sup>  | 896 | 899 |
| GS Mortgage Securities Trust, Series 2024-70P, Class B, 5.887% 3/10/2041 <sup>(b)(d)(h)</sup>  | 100 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class B, (1-month USD CME Term SOFR + 1.742%) <br>5.893% 3/15/2042 <sup>(b)(d)(h)</sup>  | 469 | 470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class D, (1-month USD CME Term SOFR + 2.591%) <br>6.741% 3/15/2042 <sup>(b)(d)(h)</sup>  | 1412 | 1418 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class D, 8.471% 5/10/2039 <sup>(b)(d)(h)</sup>  | 150 | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class D, (1-month USD CME Term SOFR + 3.29%) 7.44% <br> 12/15/2039 <sup>(b)(d)(h)</sup>  | 1400 | 1402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2024-01, Class M7, (30-day Average USD-SOFR + 2.75%) <br> 7.106% 7/25/2054 <sup>(b)(d)(h)</sup>  | 1964 | 1994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.756% 5/25/2055 <sup>(b)(d)(h)</sup>  | 711 | 715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M2, (30-day Average USD-SOFR + 3.10%) <br> 7.456% 5/25/2055 <sup>(b)(d)(h)</sup>  | 242 | 244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class C, (1-month USD CME Term SOFR + 1.892%) 6.042% <br> 2/15/2042 <sup>(b)(d)(h)</sup>  | 475 | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class A, (1-month USD CME Term SOFR + 1.264%) 5.415% <br> 5/15/2038 (1-month USD CME Term SOFR + 1.514% on 5/15/2026) <sup>(b)(e)(h)</sup>  | 855 | 850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class E, (1-month USD CME Term SOFR + 3.29%) 7.49% <br> 2/15/2042 <sup>(b)(d)(h)</sup>  | 1000 | 999 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-1918, Class A, 5.575% 9/15/2040 <sup>(b)(d)(h)</sup>  | 69 | 70 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class C, 6.284% 5/15/2058 <sup>(h)</sup>  | 386 | 396 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class B, 6.394% 5/15/2058 <sup>(h)</sup>  | 172 | 180 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C5, Class C, 6.014% 7/15/2058 <sup>(d)(h)</sup>  | 1000 | 1011 |
|  |  | 41928 |
| **Collateralized mortgage-backed obligations (privately originated) 5.30%** |  |  |
| COLT Funding, LLC, Series 2023-1, Class B1, 8.002% 4/25/2068 <sup>(b)(d)(h)</sup>  | 1500 | 1508 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(b)(e)(h)</sup>  | 869 | 840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA1, Class B2, (30-day Average <br> USD-SOFR + 5.214%) 9.571% 1/25/2050 <sup>(b)(d)(h)</sup>  | 880 | 968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class B2, (30-day Average <br> USD-SOFR + 5.364%) 9.721% 1/25/2050 <sup>(b)(d)(h)</sup>  | 300 | 334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class B2, (30-day Average <br> USD-SOFR + 4.914%) 9.271% 2/25/2050 <sup>(b)(d)(h)</sup>  | 1500 | 1641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA4, Class B2, (30-day Average <br> USD-SOFR + 10.114%) 14.471% 8/25/2050 <sup>(b)(d)(h)</sup>  | 240 | 322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class B2, (30-day Average <br> USD-SOFR + 11.50%) 15.856% 10/25/2050 <sup>(b)(d)(h)</sup>  | 1285 | 1799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA6, Class B2, (30-day Average <br> USD-SOFR + 5.65%) 10.006% 12/25/2050 <sup>(b)(d)(h)</sup>  | 920 | 1062 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class AIOS, 0.331% 7/25/2070 <sup>(b)(d)(h)</sup>  | 11324 | 68 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class XS, 1.803% 7/25/2070 <sup>(a)(b)(d)(h)</sup>  | 11324 | 506 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class B1, 6.645% 7/25/2070 <sup>(b)(d)(h)</sup>  | 216 | 215 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class B2, 7.186% 7/25/2070 <sup>(b)(d)(h)</sup>  | 250 | 245 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class XS, 7.186% 7/25/2070 <sup>(b)(d)(h)</sup>  | 142 | 133 |

---

Capital Group KKR Multi-Sector+ — Page 10 of 18

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**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class AIOS, 0.327% 9/25/2070 <sup>(b)(d)(h)</sup>  | USD7,171 | $49 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class AIOS, 1.919% 9/25/2070 <sup>(a)(b)(d)(h)</sup>  | 7171 | 424 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class B1, 6.432% 9/25/2070 <sup>(b)(d)(h)</sup>  | 197 | 195 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class B2, 7.09% 9/25/2070 <sup>(b)(d)(h)</sup>  | 226 | 221 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class B3, 7.09% 9/25/2070 <sup>(b)(d)(h)</sup>  | 115 | 104 |
| Progress Residential Trust, Series 2024-SFR1, Class E2, 3.85% 2/17/2041 <sup>(b)(h)</sup>  | 1328 | 1246 |
| Progress Residential Trust, Series 2024-SFR2, Class E1, 3.40% 4/17/2041 <sup>(b)(d)(h)</sup>  | 215 | 200 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class XS, 0% 7/25/2065 <sup>(b)(d)(h)</sup>  | 11214 | 425 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class AIOS, 0.42% 7/25/2065 <sup>(b)(d)(h)</sup>  | 11214 | 87 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class B1, 7.065% 7/25/2065 <sup>(b)(d)(h)</sup>  | 360 | 363 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class B2, 7.065% 7/25/2065 <sup>(b)(d)(h)</sup>  | 303 | 295 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class B3, 7.065% 7/25/2065 <sup>(b)(d)(h)</sup>  | 189 | 173 |
| Tricon Residential Trust, Series 2025-SFR2, Class D, 6.065% 8/17/2044 <sup>(b)(h)</sup>  | 1500 | 1531 |
| Verus Securitization Trust, Series 2023-INV3, Class B2, 8.184% 11/25/2068 <sup>(b)(d)(h)</sup>  | 809 | 814 |
|  |  | 15768 |
| **Total mortgage-backed obligations** | **Total mortgage-backed obligations** | 57696 |
| **Asset-backed obligations 13.64%**<br> **Other asset-backed securities 3.90%**<br>|  |  |
| CLI Funding IX, LLC, Series 2024-1A, Class C, 6.00% 7/20/2049 <sup>(b)(h)</sup>  | 535 | 538 |
| EquipmentShare, Series 2025-1M, Class B, 6.31% 9/26/2033 <sup>(b)(h)</sup>  | 1147 | 1162 |
| Global SC Finance SRL, Series 2025-1H, Class B, 9/22/2045 <sup>(b)(h)</sup>  | 574 | 575 |
| MMP Capital, Series 2025-A, Class B, 5.72% 12/15/2031 <sup>(b)(h)</sup>  | 166 | 169 |
| SSI ABS Issuer, LLC, Series 2025-1, Class A, 6.15% 7/25/2065 <sup>(b)(h)</sup>  | 499 | 506 |
| SSI ABS Issuer, LLC, Series 2025-1, Class B, 7.82% 7/25/2065 <sup>(a)(b)(h)</sup>  | 468 | 475 |
| Sunrun Julius Issuer, LLC, Series 2023-2A, Class A1, 6.60% 1/30/2059 <sup>(b)(h)</sup>  | 719 | 725 |
| Sunrun Jupiter Issuer, LLC, Series 2022-1A, Class A, 4.75% 7/30/2057 <sup>(b)(h)</sup>  | 418 | 402 |
| Sunrun Neptune Issuer, LLC, Series 2024-1A, Class A, 6.27% 2/1/2055 <sup>(b)(h)</sup>  | 135 | 135 |
| SunStrong Issuer, LLC, Series 2025-1, Class A2, 5.95% 12/28/2055 <sup>(b)(h)</sup>  | 1261 | 1260 |
| VFI ABS, LLC, Series 2025-1A, Class D, 7.69% 4/26/2032 <sup>(b)(h)</sup>  | 2000 | 2017 |
| Zayo Issuer, LLC, Series 2025-2A, Class A2, 5.953% 6/20/2055 <sup>(b)(h)</sup>  | 583 | 600 |
| Zayo Issuer, LLC, Series 2025-2A, Class B, 6.586% 6/20/2055 <sup>(b)(h)</sup>  | 2917 | 3031 |
|  |  | 11595 |
| **Auto loan 3.88%** |  |  |
| American Credit Acceptance Receivables Trust, Series 2023-1, Class E, 9.79% 12/12/2029 <sup>(b)(h)</sup>  | 700 | 725 |
| American Credit Acceptance Receivables Trust, Series 2022-4, Class E, 10.00% 1/14/2030 <sup>(b)(h)</sup>  | 700 | 723 |
| American Credit Acceptance Receivables Trust, Series 2023-4, Class E, 9.79% 8/12/2031 <sup>(b)(h)</sup>  | 700 | 744 |
| American Credit Acceptance Receivables Trust, Series 2023-3, Class E, 9.54% 10/14/2031 <sup>(b)(h)</sup>  | 700 | 736 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class E, 7.87% 11/12/2031 <sup>(b)(h)</sup>  | 700 | 723 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class E, 7.98% 11/12/2031 <sup>(b)(h)</sup>  | 700 | 723 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-1A, Class B, 4.30% 8/21/2028 <sup>(b)(h)</sup>  | 840 | 838 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-7, Class B, 6.44% 8/21/2028 <sup>(b)(h)</sup>  | 200 | 206 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6A, Class D, 7.37% 12/20/2029 <sup>(b)(h)</sup>  | 100 | 103 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-8A, Class D, 7.52% 2/20/2030 <sup>(b)(h)</sup>  | 100 | 102 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class E, 7.47% 5/17/2032 <sup>(b)(h)</sup>  | 972 | 969 |
| Credit Acceptance Auto Loan Trust, Series 2024-3A, Class C, 5.39% 1/16/2035 <sup>(b)(h)</sup>  | 236 | 239 |
| Exeter Automobile Receivables Trust, Series 2025-2A, Class E, 7.81% 10/15/2032 <sup>(b)(h)</sup>  | 2000 | 2080 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027 <sup>(b)(h)</sup>  | 673 | 654 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-4A, Class B, 5.497% 4/25/2034 <sup>(b)(h)</sup>  | 643 | 647 |
| Santander Consumer Bank (3-month Norway Interbank Offer Rate + 6.50%) 6.50% 1/1/2033 <sup>(d)(h)</sup>  | NOK13,139 | 1317 |
|  |  | 11529 |

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Capital Group KKR Multi-Sector+ — Page 11 of 18

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Home equity 3.52%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| HTAP Trust, Series 2025-2, Class A, 6.50% 6/25/2043 <sup>(a)(b)(h)</sup>  | USD2,997 | $2991 |
| HTAP Trust, Series 2025-2, Class B, 8.00% 6/25/2043 <sup>(a)(b)(h)</sup>  | 167 | 166 |
| Unison Trust, Series 2025-1, Class A, 6.00% 7/25/2055 <sup>(a)(h)</sup>  | 1817 | 1697 |
| Woodward Capital Management, Series 2024-CES8, Class B2, 8.391% 11/25/2044 <sup>(b)(h)</sup>  | 3000 | 3054 |
| Woodward Capital Management, Series 2025-CES1, Class B1, 7.653% 1/25/2045 <sup>(b)(d)(h)</sup>  | 2500 | 2553 |
|  |  | 10461 |
| **Credit card 1.03%** |  |  |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class E, 8.08% 9/15/2031 <sup>(b)(h)</sup>  | 3000 | 3076 |
| **Collateralized loan obligations 0.97%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2023-1A, Class BR, (3-month USD CME Term SOFR + 1.85%) 6.169% <br> 4/23/2036 <sup>(b)(d)(h)</sup>  | 829 | 829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class B1R2, (3-month USD CME Term SOFR + 1.55%) 5.809% <br>4/25/2033 <sup>(b)(d)(h)</sup>  | 659 | 661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class CR2, (3-month USD CME Term SOFR + 1.80%) 6.059% <br>4/25/2033 <sup>(b)(d)(h)</sup>  | 750 | 752 |
| Trinitas CLO, Ltd., Series 2021-17A, Class CR, (3-month USD CME Term SOFR + 2.00%) 6.16% 10/20/2034 <sup>(b)(d)(h)</sup>  | 634 | 634 |
|  |  | 2876 |
| **Student loan 0.34%** |  |  |
| DRB Prime Student Loan Trust, Series 2017-B, Class R, 0% 8/25/2042 <sup>(a)(b)(h)</sup>  | —<br> <sup>(i)</sup><br>| 157 |
| Navient Education Loan Trust, Series 2025-A, Class D, 6.03% 7/15/2055 <sup>(b)(h)</sup>  | 315 | 318 |
| SMB Private Education Loan Trust, Series 2025-B, Class D, 6.63% 3/17/2053 <sup>(b)(h)</sup>  | 467 | 477 |
| SMB Private Education Loan Trust, Series 2022-D, Class C, 6.58% 10/15/2058 <sup>(b)(h)</sup>  | 75 | 77 |
|  |  | 1029 |
| **Total asset-backed obligations** |  | 40566 |
| **U.S. Treasury bonds & notes 5.58%**<br> **U.S. Treasury 5.58%**<br>|  |  |
| U.S. Treasury 3.50% 9/30/2027  | 892 | 890 |
| U.S. Treasury 3.625% 9/30/2030  | 3880 | 3861 |
| U.S. Treasury 4.25% 8/15/2035 <sup>(j)</sup>  | 9711 | 9789 |
| U.S. Treasury 4.75% 8/15/2055 <sup>(j)</sup>  | 2060 | 2067 |
|  |  | 16607 |
| **Total U.S. Treasury bonds & notes** | **Total U.S. Treasury bonds & notes** | 16607 |
| **Bonds & notes of governments & government agencies outside the U.S. 0.14%**<br> **United States 0.14%**<br>|  |  |
| United Mexican States 5.625% 9/22/2035  | 400 | 398 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 398 |
| **Total bonds, notes & other debt instruments** (cost: $284,762,000) | **Total bonds, notes & other debt instruments** (cost: $284,762,000) | 288705 |
| Convertible bonds & notes 0.13%<br> **Communication services 0.04%**<br>|  |  |
| EchoStar Corp., convertible notes, 3.875% PIK 11/30/2030 <sup>(g)</sup>  | 52 | 126 |

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Capital Group KKR Multi-Sector+ — Page 12 of 18

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**unaudited**

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| | | |
|:---|:---|:---|
| Convertible bonds & notes (continued)<br> **Information technology 0.09%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Microstrategy, Inc., convertible notes, 0% 12/1/2029 <sup>(b)</sup>  | USD310 | $278 |
| **Total convertible bonds & notes** (cost: $337,000) |  | 404 |
| Common stocks 0.01%<br> **Energy 0.01%**<br>| Shares |  |
| New Fortress Energy, Inc., Class A <sup>(k)</sup>  | 10819 | 24 |
| **Total common stocks** (cost: $62,000) |  | 24 |
| Short-term securities 1.40%<br> **Money market investments 1.40%**<br>|  |  |
| Capital Group Central Cash Fund 4.17% <sup>(l)(m)</sup>  | 41706 | 4171 |
| **Total short-term securities** (cost: $4,171,000) |  | 4171 |
| **Total investment securities 98.61%** (cost: $289,332,000) | **Total investment securities 98.61%** (cost: $289,332,000) | 293304 |
| Other assets less liabilities 1.39% | Other assets less liabilities 1.39% | 4124 |
| **Net assets 100.00%** | **Net assets 100.00%** | $297428 |

---

Futures contracts

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 269 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD56,059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $38 |
| 5 Year U.S. Treasury Note Futures | Long | 126 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10)<br>|
| 10 Year U.S. Treasury Note Futures | Long | 70 | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 |
| 10 Year Ultra U.S. Treasury Note Futures | Short | 100 | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11508)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (123)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(47)<br>|

---

Forward currency contracts

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 749 | EUR | 635 | Bank of America | 10/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3 |

---

Capital Group KKR Multi-Sector+ — Page 13 of 18

------

**unaudited**

Swap contracts

------

**Credit default swaps**

**Centrally cleared credit default swaps on credit indices — sell protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate received<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount<sup>(n)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025<sup>(o)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.45 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | USD24,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $29 |

---

Investments in affiliates<sup>(m)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>4/29/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>9/30/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 1.40%** | **Short-term securities 1.40%** | **Short-term securities 1.40%** | **Short-term securities 1.40%** | **Short-term securities 1.40%** | **Short-term securities 1.40%** | **Short-term securities 1.40%** | **Short-term securities 1.40%** |
| **Money market investments 1.40%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.17%<sup>(l)</sup> <br>| $— | &nbsp;&nbsp; $247491 | &nbsp;&nbsp; $(243341)<br>| &nbsp;&nbsp; $21 | &nbsp;&nbsp; $— <br><sup>(i)</sup><br>| &nbsp;&nbsp; $4171 | &nbsp;&nbsp; $317 |

---

Restricted securities<sup>(f)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<sup>(p)</sup> <br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) <br> 9.046% 3/5/2032 <sup>(a)(c)(d)</sup> <br>| 4/24/2025 - 8/27/2025 | $5379<br>| $5431 | 1.83<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) <br> 1.00% 3/5/2032 <sup>(a)(c)(d)</sup> <br>| 5/29/2025 | 705<br>| 708 | 0.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) <br> 9.297% 3/5/2032 <sup>(a)(c)(d)</sup> <br>| 4/24/2025 | 105<br>| 106 | 0.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + <br> 5.75%) 9.136% 2/13/2032 <sup>(a)(c)(d)</sup> <br>| 6/17/2025 - 8/27/2025 | 5269<br>| 5326 | 1.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + <br> 5.75%) 9.36% 2/13/2032 <sup>(a)(c)(d)</sup> <br>| 6/17/2025 - 7/25/2025 | 172<br>| 175 | 0.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + <br> 5.75%) 9.158% 2/13/2032 <sup>(a)(c)(d)</sup> <br>| 6/17/2025 | 165<br>| 168 | 0.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Packaging Coordinators Midco, Term Loan, (3-month USD CME Term <br> SOFR + 4.75%) 9.058% 1/22/2032 <sup>(a)(c)(d)</sup> <br>| 4/24/2025 - 8/27/2025 | 5398<br>| 5465 | 1.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MEDX Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + <br> 4.75%) 9.101% 7/21/2032 <sup>(a)(c)(d)</sup> <br>| 7/21/2025 - 8/27/2025 | 4436<br>| 4448 | 1.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TPSI Receivables, LLC, Term Loan, (3-month USD CME Term SOFR + <br> 4.75%) 0.50% 1/24/2029 <sup>(a)(c)(d)</sup> <br>| 4/24/2025 | 3366<br>| 3419 | 1.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Acquisition, LLC, Term Loan, (3-month USD CME <br> Term SOFR + 5.00%) <br>9.333% 8/25/2028 <sup>(a)(c)(d)</sup> <br>| 4/24/2025 | 3185<br>| 3192 | 1.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortna AR, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) <br> 8.958% 6/1/2029 <sup>(a)(c)(d)</sup> <br>| 4/24/2025 | 2946<br>| 2987 | 1.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Low Voltage Holdings, Inc., Term Loan, (3-month USD CME Term <br> SOFR + 4.75%) 9.046% 4/28/2032 <sup>(a)(c)(d)</sup> <br>| 4/30/2025 - 5/29/2025 | 2565<br>| 2598 | 0.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClubCorp Holdings, Inc., Term Loan, (3-month USD CME Term SOFR <br> + 5.00%) 9.328% 7/9/2032 <sup>(a)(c)(d)</sup> <br>| 7/10/2025 | 2537<br>| 2543 | 0.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FSS Buyer, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) <br> 8.856% 8/29/2031 <sup>(a)(c)(d)</sup> <br>| 4/24/2025 | 2467<br>| 2498 | 0.84 |

---

Capital Group KKR Multi-Sector+ — Page 14 of 18

------

**unaudited**

Restricted securities<sup>(f)</sup> (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition<br> date(s)<sup>(p)</sup><br>| Cost<br> (000)<br>| Value<br> (000)<br>| Percent<br> of net<br> assets<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Koala Investment Holdings, Inc., Term Loan, (3-month USD CME <br> Term SOFR + 4.50%) 9.079% 8/29/2032 <sup>(a)(c)(d)</sup> <br>| 8/29/2025 | $1652<br>| $1652 | 0.55<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John Wood Group PLC, Term Loan, (3-month USD CME Term SOFR <br> + 5.50%) 9.818% 10/31/2028 <sup>(a)(c)(d)</sup> <br>| 9/9/2025 | 1400<br>| 1400 | 0.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown Funding Trust, Term Loan, (3-month USD CME Term <br> SOFR + 2.20%) 6.556% 6/15/2072 <sup>(a)(c)(d)</sup> <br>| 6/13/2025 | 561<br>| 561 | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown Funding Trust, Term Loan, (3-month USD CME Term <br> SOFR + 3.15%) 7.506% 6/15/2072 <sup>(a)(c)(d)</sup> <br>| 6/13/2025 | 448<br>| 448 | 0.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Railpros, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) <br> 8.704% 5/24/2032 <sup>(a)(c)(d)</sup> <br>| 8/4/2025 | 172<br>| 172 | 0.06 |
| **Total** |  | $42928<br>| $43297 | 14.56<br> %<br>|

---

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

<sup>(a)</sup> Value determined using significant unobservable inputs.

<sup>(b)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $131,487,000, which represented 44.21% of the net assets of the fund. 

<sup>(c)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $78,858,000, which represented 26.51% of the net assets of the fund. 

<sup>(d)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. 

<sup>(e)</sup> Step bond; coupon rate may change at a later date.

<sup>(f)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(g)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(h)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(i)</sup> Amount less than one thousand.

<sup>(j)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $554,000, which represented 0.19% of the net assets of the fund. 

<sup>(k)</sup> Security did not produce income during the last 12 months.

<sup>(l)</sup> Rate represents the seven-day yield at 9/30/2025.

<sup>(m)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

<sup>(n)</sup> The maximum potential amount the fund may pay as a protection seller should a credit event occur.

<sup>(o)</sup> The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. 

<sup>(p)</sup> The fund was seeded, and began trading, on 4/24/2025. The fund commenced operations and shares became available for purchase on 4/29/2025.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, exchange-traded funds, and certain convertible preferred stocks that trade on an exchange or market, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Capital Group KKR Multi-Sector+ — Page 15 of 18

------

**unaudited**

Fixed-income securities, including short-term securities and loans other than directly originated loans, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Example of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral characteristics or performance and other reference <br> data (collectively referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, credit enhancements and specific deal <br> information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on inputs <br> that include, but are not limited to, financial statements and debt contracts<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures of the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. As of September 30, 2025, the fund did not have any options on futures. The average month-end notional amount of options on futures while held was $2,000. The average month-end notional amount of futures contracts while held was $64,717,000. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. The average month-end notional amount of open forward currency contracts while held was $248,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract. The average month-end notional amounts of credit default swaps while held was $33,050,000.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. Directly originated loans are valued on an individual loan basis. The fair value of each loan may be informed by the inputs of third-party services. These valuations will incorporate borrower-specific information such as credit performance, significant events affecting the borrower or underlying collateral, and relevant market developments each business day that the New York Stock Exchange is open. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results

Capital Group KKR Multi-Sector+ — Page 16 of 18

------

**unaudited**

of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of September 30, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans | $— | $91427 | $82011 | $173438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed obligations |  | 56766 | 930 | 57696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed obligations |  | 35080 | 5486 | 40566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury bonds & notes |  | 16607 |  | 16607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies outside <br> the U.S.<br>|  | 398 |  | 398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible bonds & notes |  | 404 |  | 404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stocks | 24 |  |  | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities | 4171 |  |  | 4171 |
| Total | $4195 | $200682 | $88427 | $293304 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments**<sup>1</sup>  | **Other investments**<sup>1</sup>  | **Other investments**<sup>1</sup>  | **Other investments**<sup>1</sup>  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts | $86 | $— | $— | $86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on forward currency contracts |  | 3 |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared credit default swaps |  | 29 |  | 29 |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts | (133)<br>|  |  | (133)<br>|
| Total | $(47)<br>| $32 | $— | $(15)<br>|

---

<sup>1</sup>

Futures contracts, forward currency contracts and credit default swaps are not included in the fund's investment portfolio.

The following table reconciles the valuation of the fund's Level 3 investment securities and related transactions for the period from April 29, 2025, commencement of operations through September 30, 2025 (dollars in thousands):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Beginning** <br>**value at** <br>**April 29, 2025**<br>| **Transfers** <br>**into** <br>**Level 3**<sup>2</sup> <br>| **Purchases** | **Sales** | **Accrued** <br>**premiums/** <br>**discounts**<br>| **Net** <br>**realized** <br>**gain (loss)**<br>| **Unrealized appreciation** <br>**(depreciation)**<br>| **Transfers** <br>**out of** <br>**Level 3**<sup>2</sup> <br>| **Ending** <br>**value at** <br>**9/30/2025**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & <br>other debt <br>instruments<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $88011 | &nbsp;&nbsp; $(377)<br>| &nbsp;&nbsp; $(6)<br>| &nbsp;&nbsp; $3 | &nbsp;&nbsp; $796 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $88427 |
| Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at September 30, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at September 30, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at September 30, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at September 30, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at September 30, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at September 30, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at September 30, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at September 30, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at September 30, 2025 | &nbsp;&nbsp; $796 |

---

<sup>2</sup>

Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities.

Capital Group KKR Multi-Sector+ — Page 17 of 18

------

**unaudited**

**Unobservable inputs** — Valuation of the fund's Level 3 securities is based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The following table provides additional information used by the fund's investment adviser to fair value the fund's Level 3 securities (dollars in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>9/30/2025<br>| &nbsp;&nbsp;&nbsp; Valuation <br>technique(s)<br>| &nbsp;&nbsp;&nbsp; Unobservable <br>inputs<br>| Range <br>(if applicable)<br>| &nbsp;&nbsp;&nbsp; Weighted <br>average\*<br>| &nbsp;&nbsp;&nbsp; Impact to <br>valuation from <br>an increase in <br>input<sup>†</sup> <br>|
| Bonds, notes & other debt <br> instruments | $88427 | Yield analysis | Yield | 6% - 10% | 8% | Decrease |
| Bonds, notes & other debt <br> instruments | $88427 | Yield analysis | Discount Margin | 2% - 9% | 5% | Decrease |
| Bonds, notes & other debt <br> instruments | $88427 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
|  | $88427 |  |  |  |  |  |

---

\*

Weighted average is by relative fair value.

<sup>†</sup>

This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.

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

---

| |
|:---|
| **Key to abbreviation(s)** |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| DAC = Designated Activity Company |
| EUR = Euro |
| EURIBOR = Euro Interbank Offered Rate |
| NOK = Norwegian Krone |

---

---

| |
|:---|
| PIK = Payment In Kind |
| REIT = Real Estate Investment Trust |
| SOFR = Secured Overnight Financing Rate |
| USD = U.S. Dollar |
| UST = U.S. Treasury |

---

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc.© 2025 Capital Group. All rights reserved.

PVGEFP3-401-1125

Capital Group KKR Multi-Sector+ — Page 18 of 18

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Capital Group KKR Multi-Sector (plus)

- **b. Investment Company Act file number:** 811-24017

- **c. CIK number of Registrant:** 0002040318

- **d. LEI of Registrant:** 254900TEIF5EUB5WXC84

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618-4518

  - **Telephone number:** 213-486-9200

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

- **a. Name of Series:** Capital Group KKR Multi-Sector (plus)

- **c. LEI of Series:** 254900TEIF5EUB5WXC84

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $318028055.58

**Total Liabilities:** $21880451.38

**Net Assets:** $296147604.20

**Delayed Delivery Securities:** $1059000.00

**Cash Not Reported:** $3999315.05

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 32.66438000 | **1-Year:** 1730.19530000 | **5-Year:** 11341.71728000 | **10-Year:** 11232.38313000 | **30-Year:** 1410.74826000

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

- **3-Month:** 140.28815000 | **1-Year:** 11735.67001000 | **5-Year:** 20212.61260000 | **10-Year:** 10566.60741000 | **30-Year:** 35.90671000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000004 | 0.31%                | 1.23%                | 0.71%                |
| Class ID C000000005 | 0.31%                | 1.23%                | 0.70%                |
| Class ID C000000002 | 0.29%                | 1.21%                | 0.68%                |
| Class ID C000000006 |  |  | 0.84%                |
| Class ID C000000001 | 0.28%                | 1.19%                | 0.67%                |
| Class ID C000000003 | 0.31%                | 1.23%                | 0.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $113858.49               | $-503245.58                                |
| Month 2  | $210974.39               | $1239476.51                                |
| Month 3  | $139771.33               | $286072.64                                 |

**Designated Index Information**

- **Index Name:** 60% U.S. Corporate Investment Grade 40% U.S. Corporate High Yield

- **Index Identifier:** 39425

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SMB Private Education Loan Tru                                       | SMB Private Education Loan Trust 2022-D                                          | CUSIP: 78454XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     74988 | PA      | $77284.86     | 0.03%             | 2058-10-15      | Fixed         | 6.58%                 | Yes           |                  2 | On Loan: No      |
| UNISYS CORP                                                          | Unisys Corp                                                                      | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |    179000 | PA      | $190864.12    | 0.06%             | 2031-01-15      | Fixed         | 10.62%                | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                            | Block Inc                                                                        | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153087.69    | 0.05%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Sphera Solutions Inc - Revolver 1L 09/25                             | Sphera Solutions Inc - Revolver 1L 09/25                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101523 | PA      | $101523.00    | 0.03%             | 2032-09-24      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| Woodward Capital Management                                          | RCKT Mortgage Trust 2024-CES8                                                    | CUSIP: 749421AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3054252.00   | 1.03%             | 2044-11-25      | Fixed         | 8.39%                 | Yes           |                  2 | On Loan: No      |
| Sphera Solutions Inc - TL 1L DD 09/25                                | Sphera Solutions Inc - TL 1L DD 09/25                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    152284 | PA      | $151903.29    | 0.05%             | 2032-09-24      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                             | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    180000 | PA      | $190507.32    | 0.06%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                               | UnitedHealth Group Inc                                                           | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     98000 | PA      | $102246.49    | 0.03%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                              | Bristol-Myers Squibb Co                                                          | CUSIP: 110122EH7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    400000 | PA      | $414950.92    | 0.14%             | 2034-02-22      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                              | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129073.75    | 0.04%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                                 | Samarco Mineracao SA                                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    216367 | PA      | $217625.31    | 0.07%             | 2031-06-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| RTX CORP                                                             | RTX Corp                                                                         | CUSIP: 75513ECM1<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     81000 | PA      | $70511.84     | 0.02%             | 2031-09-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                              | Light & Wonder International Inc                                                 | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87298.91     | 0.03%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                             | Anheuser-Busch InBev Worldwide Inc                                               | CUSIP: 035240AV2<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |     46000 | PA      | $44804.59     | 0.02%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                   | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84733.29     | 0.03%             | 2028-08-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    930000 | PA      | $914870.03    | 0.31%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                   | Kennedy-Wilson Inc                                                               | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    290000 | PA      | $277330.39    | 0.09%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Unison Trust 2025-1 - UNSN 2025-1 A                                  | Unison Trust 2025-1 - UNSN 2025-1 A                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1820222 | PA      | $1699383.20   | 0.57%             | 2055-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                 | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    365000 | PA      | $341942.95    | 0.12%             | 2031-03-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                        | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    525000 | PA      | $577998.75    | 0.20%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                             | Benchmark 2025-V16 Mortgage Trust                                                | CUSIP: 08164RAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2012076.80   | 0.68%             | 2058-08-15      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                                     | Trinitas CLO XVII Ltd                                                            | CUSIP: 89642JAP0<br>LEI: 254900E0LENORBQRRG46 | Long             | ABS-CBDO         | CORP              | KY        |    634000 | PA      | $633993.03    | 0.21%             | 2034-10-20      | Floating      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                  | Freddie Mac STACR REMIC Trust 2020-DNA6                                          | CUSIP: 35566CBE4<br>LEI: 5493000ITBQFEOXM0S98 | Long             | ABS-MBS          | CORP              | US        |    920000 | PA      | $1061600.70   | 0.36%             | 2050-12-25      | Floating      | 10.01%                | Yes           |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                                        | SFO Commercial Mortgage Trust 2021-555                                           | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    855000 | PA      | $849543.48    | 0.29%             | 2038-05-15      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue                                       | Multifamily Connecticut Avenue Securities Trust 2025-01                          | CUSIP: 62549CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    710594 | PA      | $715114.38    | 0.24%             | 2055-05-25      | Floating      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| PG&E CORP                                                            | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    310000 | PA      | $305898.73    | 0.10%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                             | Service Properties Trust                                                         | CUSIP: 44106MBA9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125312.50    | 0.04%             | 2026-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KSL Commercial Mortgage Trust                                        | KSL Commercial Mortgage Trust 2024-HT2                                           | CUSIP: 500937AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1401915.76   | 0.47%             | 2039-12-15      | Floating      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| Capital Group Central Cash Fund                                      | Capital Group Central Cash Fund                                                  | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | EC               | RF                | US        |     44922 | NS      | $4492212.15   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AGS Health - TL 1L 07/25                                             | AGS Health - TL 1L 07/25                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    704536 | PA      | $704535.91    | 0.24%             | 2032-07-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| CLARIV SCI HLD CORP                                                  | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $115591.52    | 0.04%             | 2028-07-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Benchmark 2024-V8 Mortgage Tru                                       | Benchmark 2024-V8 Mortgage Trust                                                 | CUSIP: 08190AAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1047963.80   | 0.35%             | 2057-07-15      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                  | Freddie Mac STACR REMIC Trust 2020-DNA4                                          | CUSIP: 35565XBE9<br>LEI: 5493000ITFTMJUMPDE35 | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $321955.13    | 0.11%             | 2050-08-25      | Floating      | 14.47%                | Yes           |                  2 | On Loan: No      |
| ResaPowerLLC-TL1L04/25                                               | ResaPowerLLC-TL1L04/25                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2583350 | PA      | $2597558.74   | 0.88%             | 2032-04-28      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                             | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    825000 | PA      | $779231.56    | 0.26%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                                | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $107735.57    | 0.04%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $91846.97     | 0.03%             | 2031-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                       | Transocean International Ltd                                                     | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     71250 | PA      | $75021.69     | 0.03%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                              | Booz Allen Hamilton Inc                                                          | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78080.81     | 0.03%             | 2029-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| SunStrong Issuer LLC                                                 | SunStrong Issuer 2025-1 LLC                                                      | CUSIP: 867976AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1261000 | PA      | $1259943.28   | 0.43%             | 2055-12-28      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                              | Arthur J Gallagher & Co                                                          | CUSIP: 04316JAP4<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |     27000 | PA      | $26415.67     | 0.01%             | 2055-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Eagle Railcar Services Roscoe Inc - TL 1L 06/25                      | Eagle Railcar Services Roscoe Inc - TL 1L 06/25                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2409439 | PA      | $2409439.00   | 0.81%             | 2032-05-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| BENCHMARK Mortgage Trust                                             | Benchmark 2022-B32 Mortgage Trust                                                | CUSIP: 08163NBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    380000 | PA      | $338948.87    | 0.11%             | 2055-01-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Ardian US LLC - TL 1L 07/25                                          | Ardian US LLC - TL 1L 07/25                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1731180 | PA      | $1731179.60   | 0.58%             | 2028-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| EXPAND ENERGY CORP                                                   | Expand Energy Corp                                                               | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70265.15     | 0.02%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $292402.60    | 0.10%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                                              | Superior Plus LP / Superior General Partner Inc                                  | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     60000 | PA      | $57934.03     | 0.02%             | 2029-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                   | Energy Transfer LP                                                               | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123780.90    | 0.04%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Sunrun Inc - TL 1L 02/24 (Romulus)                                   | Sunrun Inc - TL 1L 02/24 (Romulus)                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1828314 | PA      | $1858663.95   | 0.63%             | 2054-01-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                             | Marsh & McLennan Cos Inc                                                         | CUSIP: 571748BU5<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    162000 | PA      | $170106.12    | 0.06%             | 2033-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                     | DT Midstream Inc                                                                 | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $203037.97    | 0.07%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                              | MPLX LP                                                                          | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76200.56     | 0.03%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                                                         | Strategy Inc                                                                     | CUSIP: 594972AR2<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |    310000 | PA      | $278615.82    | 0.09%             | 2029-12-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $96003.87     | 0.03%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                     | Aretec Group Inc                                                                 | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201120.60    | 0.07%             | 2029-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                                                  | TreeHouse Foods Inc                                                              | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243657.86    | 0.08%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                            | News Corp                                                                        | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67624.58     | 0.02%             | 2029-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                    | Newell Brands Inc                                                                | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128623.04    | 0.04%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Railpros Inc - TL 1L 03/25                                           | Railpros Inc - TL 1L 03/25                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    171499 | PA      | $171499.00    | 0.06%             | 2032-03-07      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| BANK OF AMERICA CORP                                                 | Bank of America Corp                                                             | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412956.46    | 0.14%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                               | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85980.14     | 0.03%             | 2028-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                               | Philip Morris International Inc                                                  | CUSIP: 718172DU0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250272.26    | 0.08%             | 2035-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO 2025-5C10 Mortgage Trust                                                     | CUSIP: 05615BAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2091656.00   | 0.71%             | 2058-05-15      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Tr                                       | Credit Acceptance Auto Loan Trust 2024-3                                         | CUSIP: 22535LAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236000 | PA      | $238714.64    | 0.08%             | 2035-01-16      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    210000 | PA      | $232183.35    | 0.08%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                       | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    250000 | PA      | $270520.29    | 0.09%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC3                         | CUSIP: 61779JAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225881 | PA      | $220894.52    | 0.07%             | 2070-09-25      | Variable      | 7.09%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                        | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    321509 | PA      | $331708.62    | 0.11%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                  | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    315000 | PA      | $310140.34    | 0.10%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| PERATON CORP                                                         | Peraton Corp                                                                     | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    560235 | PA      | $473468.55    | 0.16%             | 2028-02-01      | Floating      | 7.98%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                                             | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |   1158000 | PA      | $1228839.60   | 0.41%             | 2029-05-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                     | Aretec Group Inc                                                                 | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    545000 | PA      | $594460.39    | 0.20%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                                               | TotalEnergies Capital International SA                                           | CUSIP: 89153VAV1<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |     46000 | PA      | $31563.73     | 0.01%             | 2050-05-29      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                                            | ALA Trust 2025-OANA                                                              | CUSIP: 009920AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1143000 | PA      | $1154486.46   | 0.39%             | 2040-06-15      | Floating      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                  | Coinbase Global Inc                                                              | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    240000 | PA      | $227977.94    | 0.08%             | 2028-10-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| PCI Pharma Services - TL 1L 01/25                                    | PCI Pharma Services - TL 1L 01/25                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5421412 | PA      | $5464783.80   | 1.85%             | 2032-01-22      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| AMS-OSRAM AG                                                         | ams-OSRAM AG                                                                     | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    455000 | PA      | $490072.31    | 0.17%             | 2029-03-30      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                  | Sirius XM Radio LLC                                                              | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    610000 | PA      | $553213.45    | 0.19%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM6                         | CUSIP: 617948AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142066 | PA      | $133191.15    | 0.04%             | 2070-07-25      | Variable      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                   | Kennedy-Wilson Inc                                                               | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    535000 | PA      | $500027.05    | 0.17%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Recei                                       | Santander Mortgage Asset Receivable Trust 2025-NQM4                              | CUSIP: 80263BAG4<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-MBS          | CORP              | US        |    360550 | PA      | $363400.29    | 0.12%             | 2065-07-25      | Variable      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                                             | Amneal Pharmaceuticals LLC                                                       | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67305.05     | 0.02%             | 2032-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                               | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    220000 | PA      | $231148.57    | 0.08%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| EquipmentShare                                                       | OWN Equipment Fund II LLC                                                        | CUSIP: 690912AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1147014 | PA      | $1161905.45   | 0.39%             | 2033-09-26      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                   | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148820.48    | 0.05%             | 2029-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                    | Brown & Brown Inc                                                                | CUSIP: 115236AN1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    513000 | PA      | $540240.00    | 0.18%             | 2055-06-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                   | Ford Motor Co                                                                    | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    815000 | PA      | $713303.07    | 0.24%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                      | CVS Health Corp                                                                  | CUSIP: 126650EM8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     67000 | PA      | $68196.68     | 0.02%             | 2065-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                              | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    350000 | PA      | $341062.58    | 0.12%             | 2033-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                    | Cisco Systems Inc                                                                | CUSIP: 17275RBZ4<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    497000 | PA      | $514255.93    | 0.17%             | 2035-02-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC3                         | CUSIP: 61779JAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    197199 | PA      | $195044.54    | 0.07%             | 2070-09-25      | Variable      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| CONSTELLATION OIL SA                                                 | Constellation Oil Services Holding SA                                            | CUSIP: 650921AA7<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $205200.00    | 0.07%             | 2029-11-07      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                                       | SWCH Commercial Mortgage Trust 2025-DATA                                         | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $998750.20    | 0.34%             | 2042-02-15      | Floating      | 7.49%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                             | First Quantum Minerals Ltd                                                       | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    490000 | PA      | $519926.75    | 0.18%             | 2029-03-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                                 | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    360000 | PA      | $374097.96    | 0.13%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CORELOGIC INC                                                        | CoreLogic Inc                                                                    | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    355000 | PA      | $345353.66    | 0.12%             | 2028-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| US TREASURY N/B                                                      | United States Treasury Note/Bond                                                 | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    504000 | PA      | $501499.68    | 0.17%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                              | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $112238.03    | 0.04%             | 2029-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| TEGNA INC                                                            | TEGNA Inc                                                                        | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    555000 | PA      | $552578.98    | 0.19%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                      | CVS Health Corp                                                                  | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    233000 | PA      | $239974.97    | 0.08%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                        | Citigroup Inc                                                                    | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252634.41    | 0.09%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Vermont Information Processing Inc - TL 1L DD 01/25                  | Vermont Information Processing Inc - TL 1L DD 01/25                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    600704 | PA      | $600703.79    | 0.20%             | 2032-01-30      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Eagle Railcar Services Roscoe Inc - TL 1L DD 06/25                   | Eagle Railcar Services Roscoe Inc - TL 1L DD 06/25                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    501966 | PA      | $501966.00    | 0.17%             | 2032-06-13      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                             | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     76905 | PA      | $79004.41     | 0.03%             | 2028-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1313645.23   | 0.44%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                  | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36033.46     | 0.01%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                                                   | CommScope Technologies LLC                                                       | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198600.28    | 0.07%             | 2027-03-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                             | BX Trust 2025-GW                                                                 | CUSIP: 12433GAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1005834.00   | 0.34%             | 2042-07-15      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC3                         | CUSIP: 61779JAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7171168 | PA      | $48529.80     | 0.02%             | 2070-09-25      | Variable      | 0.33%                 | Yes           |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                              | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1027890.16   | 0.35%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec                                       | American Credit Acceptance Receivables Trust 2024-2                              | CUSIP: 02531BAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $722688.68    | 0.24%             | 2031-11-12      | Fixed         | 7.87%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                            | Sunoco LP                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44696.16     | 0.02%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Philippine Airlines 777 (Warbug Pincus) - TL 1L DD 07/25 (MSN 61730) | Philippine Airlines 777 (Warbug Pincus) - TL 1L DD 07/25 (MSN 61730)             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    905253 | PA      | $905253.16    | 0.31%             | 2027-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM6                         | CUSIP: 617948AH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    249980 | PA      | $245269.98    | 0.08%             | 2070-07-25      | Variable      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| VIASAT INC                                                           | Viasat Inc                                                                       | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    438536 | PA      | $433876.39    | 0.15%             | 2029-03-05      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                   | Advance Auto Parts Inc                                                           | CUSIP: 00751YAG1<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    190000 | PA      | $166297.52    | 0.06%             | 2032-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                | Tenet Healthcare Corp                                                            | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30015.29     | 0.01%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                       | Morgan Stanley                                                                   | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    248000 | PA      | $256169.57    | 0.09%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                                | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     64000 | PA      | $63976.51     | 0.02%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Rialto Capital Management LLC - TL 1L 12/24                          | Rialto Capital Management LLC - TL 1L 12/24                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1764712 | PA      | $1782358.73   | 0.60%             | 2030-12-05      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Flexera Software LLC - TL 1L 08/25                                   | Flexera Software LLC - TL 1L 08/25                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2102492 | PA      | $2100389.51   | 0.71%             | 2032-08-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| WMG ACQUISITION CORP                                                 | WMG Acquisition Corp                                                             | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42957.63     | 0.01%             | 2029-12-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                     | T-Mobile USA Inc                                                                 | CUSIP: 87264ACT0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    109000 | PA      | $74744.04     | 0.03%             | 2052-10-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                                          | Gartner Inc                                                                      | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75572.65     | 0.03%             | 2030-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                 | Cleveland-Cliffs Inc                                                             | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144348.40    | 0.05%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $237353.11    | 0.08%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                              | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $58195.98     | 0.02%             | 2028-04-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                             | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    403000 | PA      | $266053.18    | 0.09%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                             | TotalEnergies Capital SA                                                         | CUSIP: 89157XAB7<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    158000 | PA      | $156434.10    | 0.05%             | 2054-04-05      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                                   | Osaic Holdings Inc                                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61197.57     | 0.02%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Xylem Kendall - Revolver 1L 06/25                                    | Xylem Kendall - Revolver 1L 06/25                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    180263 | PA      | $180263.00    | 0.06%             | 2030-04-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                                | Long Ridge Energy LLC                                                            | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |    280000 | PA      | $288010.27    | 0.10%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue                                       | Multifamily Connecticut Avenue Securities Trust 2025-01                          | CUSIP: 62549CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    242000 | PA      | $243868.09    | 0.08%             | 2055-05-25      | Floating      | 7.46%                 | Yes           |                  2 | On Loan: No      |
| HOME DEPOT INC                                                       | Home Depot Inc/The                                                               | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    400000 | PA      | $409775.37    | 0.14%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| West Star Aviation Inc - Revolver 1L 05/25                           | West Star Aviation Inc - Revolver 1L 05/25                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    518135 | PA      | $518134.97    | 0.17%             | 2032-05-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                                             | Acuris Finance US Inc / Acuris Finance SARL                                      | CUSIP: 00511BAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $209170.00    | 0.07%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Xylem Kendall - TL 1L 06/25                                          | Xylem Kendall - TL 1L 06/25                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    873447 | PA      | $873446.91    | 0.29%             | 2030-04-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| ALLIED UNIVERSAL                                                     | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $308605.50    | 0.10%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS                                                | Endo Finance Holdings Inc                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $118153.09    | 0.04%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                                             | Summit Midstream Holdings LLC                                                    | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $105599.76    | 0.04%             | 2029-10-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| DAVITA INC                                                           | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134397.38    | 0.05%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC                                                     | COLT 2023-1 Mortgage Loan Trust                                                  | CUSIP: 19688NAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1508121.60   | 0.51%             | 2068-04-25      | Variable      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                             | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    605000 | PA      | $644608.75    | 0.22%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                          | Hertz Vehicle Financing III LP                                                   | CUSIP: 42806MAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    673000 | PA      | $654170.87    | 0.22%             | 2027-12-27      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $241130.72    | 0.08%             | 2027-10-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| HTAP Issuer Trust 2025-2 - HTAP 2025-2 B                             | HTAP Issuer Trust 2025-2 - HTAP 2025-2 B                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    167000 | PA      | $166336.93    | 0.06%             | 2043-06-25      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding                                       | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RJU9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103094.46    | 0.03%             | 2029-12-20      | Fixed         | 7.37%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                   | Advance Auto Parts Inc                                                           | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129000.63    | 0.04%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                | Molina Healthcare Inc                                                            | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    270000 | PA      | $245196.99    | 0.08%             | 2032-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| AMSR Trust                                                           | AMSR 2025-SFR1 Trust                                                             | CUSIP: 00182MAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    242000 | PA      | $220739.14    | 0.07%             | 2042-06-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $326517.98    | 0.11%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                   | CNX Resources Corp                                                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154759.95    | 0.05%             | 2031-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Santander Mortgage Asset Recei                                       | Santander Mortgage Asset Receivable Trust 2025-NQM4                              | CUSIP: 80263BAH2<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-MBS          | CORP              | US        |    303327 | PA      | $294798.57    | 0.10%             | 2065-07-25      | Variable      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur                                       | Bridgecrest Lending Auto Securitization Trust 2025-3                             | CUSIP: 107920AG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    972000 | PA      | $968977.37    | 0.33%             | 2032-05-17      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Xylem Kendall - TL 1L DD 06/25 (7th Amendment)                       | Xylem Kendall - TL 1L DD 06/25 (7th Amendment)                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1312841 | PA      | $1312840.63   | 0.44%             | 2030-04-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| NAVIENT CORP                                                         | Navient Corp                                                                     | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    235000 | PA      | $265265.65    | 0.09%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                | Civitas Resources Inc                                                            | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57003.35     | 0.02%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                | Civitas Resources Inc                                                            | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79275.53     | 0.03%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                    | Newell Brands Inc                                                                | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     85000 | PA      | $75030.54     | 0.03%             | 2046-04-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                  | COMM 2019-GC44 Mortgage Trust                                                    | CUSIP: 12655TBP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1862521.00   | 0.63%             | 2057-08-15      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Clarience Technologies LLC - TL 1L DD-B 06/25                        | Clarience Technologies LLC - TL 1L DD-B 06/25                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    420231 | PA      | $424432.87    | 0.14%             | 2032-02-13      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                              | Bristol-Myers Squibb Co                                                          | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99736.79     | 0.03%             | 2054-02-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                                          | MMP Capital 2025-A LLC                                                           | CUSIP: 55317QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166000 | PA      | $169122.88    | 0.06%             | 2031-12-15      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue                                       | Multifamily Connecticut Avenue Securities Trust 2024-01                          | CUSIP: 62548RAA7<br>LEI: 254900QY3MMJFMNKXA93 | Long             | ABS-MBS          | CORP              | US        |   1964459 | PA      | $1993734.49   | 0.67%             | 2054-07-25      | Floating      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $274675.56    | 0.09%             | 2029-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                  | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    170000 | PA      | $164080.43    | 0.06%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                | Tenet Healthcare Corp                                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    795000 | PA      | $777072.99    | 0.26%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                                 | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103580.40    | 0.03%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                             | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $91140.56     | 0.03%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ares Secondaries Pbn Finance Co IV LLC - TL DD C 05/25               | Ares Secondaries Pbn Finance Co IV LLC - TL DD C 05/25                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    538462 | PA      | $530977.38    | 0.18%             | 2039-04-14      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                             | Service Properties Trust                                                         | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    135000 | PA      | $119175.34    | 0.04%             | 2027-09-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                                   | Hawaii Hotel Trust 2025-MAUI                                                     | CUSIP: 419909AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    469000 | PA      | $470078.23    | 0.16%             | 2042-03-15      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                               | UnitedHealth Group Inc                                                           | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308012.93    | 0.10%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                  | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69102.33     | 0.02%             | 2026-09-01      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                    | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    280000 | PA      | $270246.87    | 0.09%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Tropicana Products Inc - Revolver 1L 02/25                           | Tropicana Products Inc - Revolver 1L 02/25                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3534777 | PA      | $3541493.46   | 1.20%             | 2029-01-24      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| MERCER INTL INC                                                      | Mercer International Inc                                                         | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |     45000 | PA      | $33208.89     | 0.01%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                  | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193419.87    | 0.07%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM6                         | CUSIP: 617948AL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11323639 | PA      | $506281.05    | 0.17%             | 2070-07-25      | Variable      | 1.80%                 | Yes           |                  2 | On Loan: No      |
| HANESBRANDS INC                                                      | Hanesbrands Inc                                                                  | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |     95000 | PA      | $100680.81    | 0.03%             | 2031-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Vermont Information Processing Inc - Revolver 1L 12/24               | Vermont Information Processing Inc - Revolver 1L 12/24                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    180219 | PA      | $180219.44    | 0.06%             | 2032-01-30      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| NAVIENT CORP                                                         | Navient Corp                                                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239110.71    | 0.08%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woolpert Inc - Revolver 1L 09/25                                     | Woolpert Inc - Revolver 1L 09/25                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    276423 | PA      | $276423.00    | 0.09%             | 2031-04-05      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| CARNIVAL CORP                                                        | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    300000 | PA      | $305678.40    | 0.10%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                                         | Broadcom Inc                                                                     | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412394.96    | 0.14%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DRB PRIME STUDENT LOAN TRUST                                         | Laurel Road Prime Student Loan Trust 2017-B                                      | CUSIP: 518887104<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       103 | PA      | $156791.86    | 0.05%             | 2042-08-25      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                             | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     85000 | PA      | $63431.25     | 0.02%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $87693.00     | 0.03%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                                        | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    255000 | PA      | $261031.01    | 0.09%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                             | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    359000 | PA      | $243319.08    | 0.08%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                             | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    649000 | PA      | $518515.31    | 0.18%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                          | Oracle Corp                                                                      | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402354.90    | 0.14%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| OXFORD FIN LLC/CO-ISS II                                             | Oxford Finance LLC / Oxford Finance Co-Issuer II Inc                             | CUSIP: 69145LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $145112.12    | 0.05%             | 2027-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                         | Navient Corp                                                                     | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    789000 | PA      | $872696.33    | 0.29%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                               | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    340000 | PA      | $337508.81    | 0.11%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                                  | Dow Chemical Co/The                                                              | CUSIP: 260543DM2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     52000 | PA      | $49446.91     | 0.02%             | 2055-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                           | Progress Residential 2024-SFR2 Trust                                             | CUSIP: 74290XAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215000 | PA      | $199590.22    | 0.07%             | 2041-04-17      | Variable      | 3.40%                 | Yes           |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                                                 | WMG Acquisition Corp                                                             | CUSIP: 92933BAQ7<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |     85000 | PA      | $80684.88     | 0.03%             | 2030-07-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Sphera Solutions Inc - TL 1L 09/25                                   | Sphera Solutions Inc - TL 1L 09/25                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    746193 | PA      | $744327.52    | 0.25%             | 2032-09-24      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| Sunrun Julius Issuer                                                 | Sunrun Julius Issuer 2023-2 LLC                                                  | CUSIP: 86772JAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    718424 | PA      | $724825.97    | 0.24%             | 2059-01-30      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                             | Service Properties Trust                                                         | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    198000 | PA      | $168472.77    | 0.06%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                      | United States Treasury Note/Bond                                                 | CUSIP: 91282CPA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3383000 | PA      | $3365952.89   | 1.14%             | 2030-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                                                      | Zayo Issuer LLC                                                                  | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    583000 | PA      | $600653.94    | 0.20%             | 2055-06-20      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                               | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    380000 | PA      | $413952.32    | 0.14%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Med-Metrix - TL 1L DD 07/25                                          | Med-Metrix - TL 1L DD 07/25                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    783333 | PA      | $779416.34    | 0.26%             | 2032-07-21      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Avis Budget Rental Car Funding                                       | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RJY1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102113.00    | 0.03%             | 2030-02-20      | Fixed         | 7.52%                 | Yes           |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                                    | Clean Harbors Inc                                                                | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    185000 | PA      | $186762.28    | 0.06%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Mission Lane Credit Card Maste                                       | Mission Lane Credit Card Master Trust                                            | CUSIP: 60510MBY3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3076382.40   | 1.04%             | 2031-09-15      | Fixed         | 8.08%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                             | Univision Communications Inc                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    575000 | PA      | $613241.53    | 0.21%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                             | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245125.67    | 0.08%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CORELOGIC INC                                                        | CORELOGIC INC                                                                    | CUSIP: 000000000<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    115000 | PA      | $115047.96    | 0.04%             | 2029-06-04      | Floating      | 10.75%                | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                              | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $505080.33    | 0.17%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                             | Benchmark 2025-V15 Mortgage Trust                                                | CUSIP: 08164CAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1683000 | PA      | $1714947.72   | 0.58%             | 2058-06-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46820.19     | 0.02%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                                | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    230000 | PA      | $249155.78    | 0.08%             | 2031-01-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| DAVITA INC                                                           | DaVita Inc                                                                       | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    235000 | PA      | $242528.93    | 0.08%             | 2033-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                   | Advance Auto Parts Inc                                                           | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    420000 | PA      | $390267.95    | 0.13%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $17993.58     | 0.01%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                                      | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    245000 | PA      | $235535.26    | 0.08%             | 2030-01-31      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                                             | EQT Corp                                                                         | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    170000 | PA      | $159037.64    | 0.05%             | 2031-05-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                                     | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $185574.13    | 0.06%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| John Wood Group PLC - Revolver 1L 09/25                              | John Wood Group PLC - Revolver 1L 09/25                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3500000 | PA      | $3500000.00   | 1.18%             | 2028-10-30      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| AMGEN INC                                                            | Amgen Inc                                                                        | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    433000 | PA      | $448652.55    | 0.15%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                               | Philip Morris International Inc                                                  | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     86000 | PA      | $78410.87     | 0.03%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                                        | CommScope LLC                                                                    | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    615000 | PA      | $636971.49    | 0.22%             | 2031-12-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                            | Block Inc                                                                        | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55764.94     | 0.02%             | 2030-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                               | UnitedHealth Group Inc                                                           | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    381000 | PA      | $379205.83    | 0.13%             | 2054-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                               | Verizon Communications Inc                                                       | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    191000 | PA      | $194301.26    | 0.07%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                              | Pfizer Investment Enterprises Pte Ltd                                            | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    382000 | PA      | $369421.81    | 0.12%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL ENTERTAINMENT                                              | Universal Entertainment Corp                                                     | CUSIP: 91349WAC2<br>LEI: 353800BBJTHSMSQ31V91 | Long             | DBT              | CORP              | JP        |    435000 | PA      | $432229.35    | 0.15%             | 2029-08-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Horizon CTS Buyer LLC - Revolver 1L 03/25                            | Horizon CTS Buyer LLC - Revolver 1L 03/25                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    719424 | PA      | $719424.00    | 0.24%             | 2032-03-29      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| KENNEDY-WILSON INC                                                   | Kennedy-Wilson Inc                                                               | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    210000 | PA      | $195505.30    | 0.07%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                                        | Citigroup Commercial Mortgage Trust 2016-GC36                                    | CUSIP: 17324TAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1652639 | PA      | $1642296.12   | 0.55%             | 2049-02-10      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                         | Comcast Corp                                                                     | CUSIP: 20030NEK3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    197000 | PA      | $193472.58    | 0.07%             | 2054-06-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| A-Lign Assurance LLC - TL 1L 08/25                                   | A-Lign Assurance LLC - TL 1L 08/25                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    410921 | PA      | $406811.79    | 0.14%             | 2032-08-26      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| SATURN OIL & GAS INC                                                 | Saturn Oil & Gas Inc                                                             | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $41471.49     | 0.01%             | 2029-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| US TREASURY N/B                                                      | United States Treasury Note/Bond                                                 | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    663000 | PA      | $661627.39    | 0.22%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                           | Viasat Inc                                                                       | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107608.14    | 0.04%             | 2028-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Ares Secondaries Pbn Finance Co IV LLC - TL DD A 05/25               | Ares Secondaries Pbn Finance Co IV LLC - TL DD A 05/25                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1076923 | PA      | $1083061.46   | 0.37%             | 2039-04-14      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Great Wolf Trust                                                     | Great Wolf Trust 2024-WOLF                                                       | CUSIP: 39152MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    896000 | PA      | $898731.19    | 0.30%             | 2039-03-15      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                 | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    145000 | PA      | $149556.77    | 0.05%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                                       | NCR Atleos Corp                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    115000 | PA      | $124574.56    | 0.04%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $147081.95    | 0.05%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                                | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    255000 | PA      | $262456.81    | 0.09%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Zayo Issuer LLC                                                      | Zayo Issuer LLC                                                                  | CUSIP: 98919WAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2917000 | PA      | $3030701.16   | 1.02%             | 2055-06-20      | Fixed         | 6.59%                 | Yes           |                  2 | On Loan: No      |
| American Credit Acceptance Rec                                       | American Credit Acceptance Receivables Trust 2023-4                              | CUSIP: 02530CAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $743779.75    | 0.25%             | 2031-08-12      | Fixed         | 9.79%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                         | Navient Corp                                                                     | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    320000 | PA      | $313952.06    | 0.11%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trus                                       | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1004629.30   | 0.34%             | 2039-12-15      | Floating      | 7.30%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                | Wells Fargo & Co                                                                 | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206317.74    | 0.07%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FRST STU BID/FRST TRANS                                              | First Student Bidco Inc / First Transit Parent Inc                               | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $233242.25    | 0.08%             | 2029-07-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    355000 | PA      | $369551.45    | 0.12%             | 2030-05-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A                                       | Research-Driven Pagaya Motor Asset Trust 2025-4                                  | CUSIP: 76089MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    643000 | PA      | $646564.66    | 0.22%             | 2034-04-25      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                             | BX Commercial Mortgage Trust 2021-VOLT                                           | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1453242 | PA      | $1451341.49   | 0.49%             | 2036-09-15      | Floating      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                             | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $165296.88    | 0.06%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $282940.00    | 0.10%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                                         | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62945.42     | 0.02%             | 2029-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC3                         | CUSIP: 61779JAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7171168 | PA      | $423765.83    | 0.14%             | 2070-09-25      | Variable      | 1.92%                 | Yes           |                  3 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM6                         | CUSIP: 617948AK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11323639 | PA      | $67658.18     | 0.02%             | 2070-07-25      | Variable      | 0.33%                 | Yes           |                  2 | On Loan: No      |
| MERCER INTL INC                                                      | Mercer International Inc                                                         | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18226.13     | 0.01%             | 2028-10-01      | Fixed         | 12.88%                | Yes           |                  2 | On Loan: No      |
| DATA 2023-CNTR Mortgage Trust                                        | DATA 2023-CNTR Mortgage Trust                                                    | CUSIP: 238021AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $518071.30    | 0.17%             | 2043-08-12      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                          | US 2YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       269 | NC      | $37538.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ENDO FINANCE HOLDINGS                                                | ENDO FINANCE HOLDINGS                                                            | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    189045 | PA      | $189576.82    | 0.06%             | 2031-04-23      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| AGS Health - Revolver 1L B 07/25                                     | AGS Health - Revolver 1L B 07/25                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    159082 | PA      | $159081.91    | 0.05%             | 2032-07-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| American Credit Acceptance Rec                                       | American Credit Acceptance Receivables Trust 2024-1                              | CUSIP: 02531AAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $723399.32    | 0.24%             | 2031-11-12      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                                       | Wells Fargo Commercial Mortgage Trust 2025-5C5                                   | CUSIP: 95004MAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1011416.80   | 0.34%             | 2058-07-15      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec                                       | American Credit Acceptance Receivables Trust 2023-3                              | CUSIP: 02530EAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $735856.10    | 0.25%             | 2031-10-14      | Fixed         | 9.54%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                            | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    525000 | PA      | $543790.28    | 0.18%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                                     | FXI Holdings Inc                                                                 | CUSIP: 35166FAA0<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |    480000 | PA      | $423552.00    | 0.14%             | 2026-11-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                                              | Consolidated Energy Finance SA                                                   | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    235000 | PA      | $215320.22    | 0.07%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| ClubCorp Club Operations Inc - TL 1L B-DD 07/25                      | ClubCorp Club Operations Inc - TL 1L B-DD 07/25                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    166667 | PA      | $165833.67    | 0.06%             | 2032-07-10      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| REWORLD HOLDING CORP                                                 | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    135000 | PA      | $127085.99    | 0.04%             | 2029-12-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                             | Service Properties Trust                                                         | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    375000 | PA      | $381086.25    | 0.13%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                   | Energy Transfer LP                                                               | CUSIP: 226373AR9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35499.60     | 0.01%             | 2029-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                  | JPMorgan Chase & Co                                                              | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $632736.39    | 0.21%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                            | Sunoco LP                                                                        | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127044.38    | 0.04%             | N/A             | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| A-Lign Assurance LLC - TL 1L DD 08/25                                | A-Lign Assurance LLC - TL 1L DD 08/25                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120859 | PA      | $119650.41    | 0.04%             | 2032-08-26      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| VetCor Professional Practices LLC - TL 1L DD 09/23                   | VetCor Professional Practices LLC - TL 1L DD 09/23                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     40207 | PA      | $40206.88     | 0.01%             | 2029-08-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| ELEVANCE HEALTH INC                                                  | Elevance Health Inc                                                              | CUSIP: 036752BF9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     98000 | PA      | $97613.52     | 0.03%             | 2064-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                                             | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    212000 | PA      | $211590.86    | 0.07%             | 2026-05-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                             | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $59922.99     | 0.02%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Finastra USA Inc                                                     | Finastra (M 09/01/32                                                             | CUSIP: 000000000<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |    485000 | PA      | $483545.00    | 0.16%             | 2032-09-15      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                             | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    117000 | PA      | $118161.74    | 0.04%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                  | Freddie Mac STACR REMIC Trust 2021-DNA2                                          | CUSIP: 35565KBE7<br>LEI: 5493007ZK0X40BI7UF30 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1640819.10   | 0.55%             | 2050-02-25      | Floating      | 9.27%                 | Yes           |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                              | New Fortress Energy Inc                                                          | CUSIP: 644393AB6<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |    200000 | PA      | $50403.00     | 0.02%             | 2026-09-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                      | CDS CDX.NA.HY.45                                                                 | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $1888960.80   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| SSI ABS Issuer LLC                                                   | SSI ABS-2025-1 Issuer LLC                                                        | CUSIP: 78475CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    498673 | PA      | $505881.44    | 0.17%             | 2065-07-25      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                               | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $136170.64    | 0.05%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding                                       | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RHR8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $206493.04    | 0.07%             | 2028-08-21      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                             | Benchmark 2020-B22 Mortgage Trust                                                | CUSIP: 08163BBG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    407000 | PA      | $345961.19    | 0.12%             | 2054-01-15      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                             | Florida Power & Light Co                                                         | CUSIP: 341081GY7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     81000 | PA      | $84065.04     | 0.03%             | 2055-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Sunrun Jupiter Issuer                                                | Sunrun Jupiter Issuer 2022-1 LLC                                                 | CUSIP: 86772RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    418353 | PA      | $401928.60    | 0.14%             | 2057-07-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| New Fortress Energy Inc                                              | New Fortress Energy Inc                                                          | CUSIP: 644393100<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |     10819 | NS      | $23909.99     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Woolpert Inc - TL 1L 09/25                                           | Woolpert Inc - TL 1L 09/25                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2170730 | PA      | $2170730.00   | 0.73%             | 2032-04-05      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                               | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51241.00     | 0.02%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                                      | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $85911.60     | 0.03%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                             | Univision Communications Inc                                                     | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    415000 | PA      | $391785.77    | 0.13%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Finance of America Structured                                        | Finance of America Structured Securities Trust Series 2025-PC1                   | CUSIP: 316929AA6<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-MBS          | CORP              | US        |    868628 | PA      | $840084.04    | 0.28%             | 2075-05-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Keystone Agency Partners LLC - TL 1L 08/25                           | Keystone Agency Partners LLC - TL 1L 08/25                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1660176 | PA      | $1651875.12   | 0.56%             | 2032-05-31      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| HUMANA INC                                                           | Humana Inc                                                                       | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205779.87    | 0.07%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                                                       | PECO Energy Co                                                                   | CUSIP: 693304BH9<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    475000 | PA      | $477738.87    | 0.16%             | 2035-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec                                       | American Credit Acceptance Receivables Trust 2023-1                              | CUSIP: 02530UAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $724725.26    | 0.24%             | 2029-12-12      | Fixed         | 9.79%                 | Yes           |                  2 | On Loan: No      |
| Homrich & Berg Inc - Revolver 1L 11/24                               | Homrich & Berg Inc - Revolver 1L 11/24                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    362827 | PA      | $362827.00    | 0.12%             | 2031-08-18      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Clarience Technologies LLC - TL 1L 06/25 (2025 Incremental)          | Clarience Technologies LLC - TL 1L 06/25 (2025 Incremental)                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    172745 | PA      | $174472.03    | 0.06%             | 2032-02-13      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Clarience Technologies LLC - TL 1L DD-C 06/25                        | Clarience Technologies LLC - TL 1L DD-C 06/25                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    208586 | PA      | $210671.72    | 0.07%             | 2032-02-13      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| TRANSDIGM INC                                                        | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    255000 | PA      | $262852.73    | 0.09%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                            | Block Inc                                                                        | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71730.40     | 0.02%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Sunrun Neptune Issuer, LLC                                           | Sunrun Neptune Issuer 2024-1 LLC                                                 | CUSIP: 86773CAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134927 | PA      | $134920.17    | 0.05%             | 2055-02-01      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Railpros Inc - Revolver 1L 03/25                                     | Railpros Inc - Revolver 1L 03/25                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     26384 | PA      | $26384.00     | 0.01%             | 2032-03-07      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                               | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $161343.73    | 0.05%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                              | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    330000 | PA      | $332050.27    | 0.11%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                   | Howard Hughes Corp/The                                                           | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    290000 | PA      | $272134.64    | 0.09%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                                       | BBCMS Mortgage Trust 2024-5C27                                                   | CUSIP: 05555FAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    490158 | PA      | $506993.80    | 0.17%             | 2057-07-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                                             | Compass Group Diversified Holdings LLC                                           | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    997150 | PA      | $922009.16    | 0.31%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                                       | Wells Fargo Commercial Mortgage Trust 2025-1918                                  | CUSIP: 95004QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     69000 | PA      | $69533.76     | 0.02%             | 2040-09-15      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                      | CVS Health Corp                                                                  | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    400000 | PA      | $417599.38    | 0.14%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| A-Lign Assurance LLC - Revolver 1L 08/25                             | A-Lign Assurance LLC - Revolver 1L 08/25                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     58012 | PA      | $57431.88     | 0.02%             | 2032-08-26      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| VOYAGER PARENT LLC                                                   | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158724.02    | 0.05%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                                     | Trinitas CLO XII Ltd                                                             | CUSIP: 89641GBA9<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |    659000 | PA      | $661062.01    | 0.22%             | 2033-04-25      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Fortna Group Inc - Revolver 1L 01/25                                 | Fortna Group Inc - Revolver 1L 01/25                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3420753 | PA      | $3420753.00   | 1.16%             | 2029-06-01      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Wells Fargo Commercial Mortgag                                       | Wells Fargo Commercial Mortgage Trust 2025-5C4                                   | CUSIP: 949931AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    172000 | PA      | $179936.18    | 0.06%             | 2058-05-15      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                          | RCKT Mortgage Trust 2025-CES1                                                    | CUSIP: 749427AF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2552821.00   | 0.86%             | 2045-01-25      | Variable      | 7.65%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                             | BX Commercial Mortgage Trust 2024-AIR2                                           | CUSIP: 05613QAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1198975 | PA      | $1204807.47   | 0.41%             | 2041-10-15      | Floating      | 6.94%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                 | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    255000 | PA      | $264628.29    | 0.09%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                  | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    170000 | PA      | $161823.87    | 0.05%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Clarience Technologies LLC - TL 1L 06/25 (2025 Replacement)          | Clarience Technologies LLC - TL 1L 06/25 (2025 Replacement)                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5273571 | PA      | $5326306.92   | 1.80%             | 2032-02-13      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Freddie Mac - STACR                                                  | Freddie Mac STACR REMIC Trust 2020-HQA1                                          | CUSIP: 35565JBE0<br>LEI: 549300TCRXCIFPAC3B85 | Long             | ABS-MBS          | CORP              | US        |    880000 | PA      | $967741.10    | 0.33%             | 2050-01-25      | Floating      | 9.57%                 | Yes           |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                                   | Hawaii Hotel Trust 2025-MAUI                                                     | CUSIP: 419909AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1412000 | PA      | $1418011.03   | 0.48%             | 2042-03-15      | Floating      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| SNAP INC                                                             | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173944.62    | 0.06%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                                                  | Diebold Nixdorf Inc                                                              | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    140000 | PA      | $148030.99    | 0.05%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                              | Arthur J Gallagher & Co                                                          | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    197000 | PA      | $199469.71    | 0.07%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                             | Hess Midstream Operations LP                                                     | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395000 | PA      | $383178.72    | 0.13%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                               | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     90000 | PA      | $99093.96     | 0.03%             | 2030-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                               | Philip Morris International Inc                                                  | CUSIP: 718172CS6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    128000 | PA      | $113406.32    | 0.04%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                             | Florida Power & Light Co                                                         | CUSIP: 341081GL5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    191000 | PA      | $197760.95    | 0.07%             | 2033-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                      | Nissan Motor Co Ltd                                                              | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $210045.40    | 0.07%             | 2030-07-17      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                             | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    265000 | PA      | $274806.33    | 0.09%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                             | Mars Inc                                                                         | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    197000 | PA      | $201463.14    | 0.07%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Clarience Technologies LLC - Revolver 1L 06/25 (2025 Replacement)    | Clarience Technologies LLC - Revolver 1L 06/25 (2025 Replacement)                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    826727 | PA      | $826726.84    | 0.28%             | 2031-02-13      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| WAND NEWCO 3 INC                                                     | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57992.00     | 0.02%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                    | HSBC Holdings PLC                                                                | CUSIP: 404280CV9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    380000 | PA      | $358746.34    | 0.12%             | 2029-08-17      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    505000 | PA      | $516959.73    | 0.17%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trus                                       | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    891667 | PA      | $893162.15    | 0.30%             | 2039-12-15      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Railpros Inc - TL 1L DD 03/25                                        | Railpros Inc - TL 1L DD 03/25                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     52769 | PA      | $52769.00     | 0.02%             | 2032-03-07      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| US TREASURY N/B                                                      | United States Treasury Note/Bond                                                 | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2060000 | PA      | $2067403.13   | 0.70%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                             | Benchmark 2024-V5 Mortgage Trust                                                 | CUSIP: 08163XBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $515783.25    | 0.17%             | 2057-01-10      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                              | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAC7<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    122000 | PA      | $126747.87    | 0.04%             | 2028-02-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC3                         | CUSIP: 61779JAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    114728 | PA      | $104368.89    | 0.04%             | 2070-09-25      | Variable      | 7.09%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                                         | Broadcom Inc                                                                     | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    109000 | PA      | $108755.33    | 0.04%             | 2037-05-15      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                                         | Broadcom Inc                                                                     | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    139000 | PA      | $126908.41    | 0.04%             | 2034-04-15      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| Bank5                                                                | BANK5 2023-5YR1                                                                  | CUSIP: 06644EBZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2065774.80   | 0.70%             | 2056-04-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                    | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1176000 | PA      | $1245474.55   | 0.42%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                               | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1116217.01   | 0.38%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Keystone Agency Partners LLC - Revolver 1L 08/25                     | Keystone Agency Partners LLC - Revolver 1L 08/25                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    142260 | PA      | $141548.70    | 0.05%             | 2032-05-31      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                             | Service Properties Trust                                                         | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    820000 | PA      | $723402.61    | 0.24%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                             | Marsh & McLennan Cos Inc                                                         | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69884.03     | 0.02%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                               | Pacific Gas and Electric Co                                                      | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    170000 | PA      | $116155.35    | 0.04%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                             | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    120000 | PA      | $108665.90    | 0.04%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                                          | Oracle Corp                                                                      | CUSIP: 68389XDA0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308838.67    | 0.10%             | 2035-08-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                             | Service Properties Trust                                                         | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $960097.31    | 0.32%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                                                        | Methanex Corp                                                                    | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    235000 | PA      | $235451.91    | 0.08%             | 2027-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                  | Freddie Mac STACR REMIC Trust 2020-DNA5                                          | CUSIP: 35566ABE8<br>LEI: 5493000ITF7RKPWPZQ19 | Long             | ABS-MBS          | CORP              | US        |   1285000 | PA      | $1799271.39   | 0.61%             | 2050-10-25      | Floating      | 15.86%                | Yes           |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                             | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1115000 | PA      | $1173710.12   | 0.40%             | 2029-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                       | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM6                         | CUSIP: 617948AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215921 | PA      | $215322.29    | 0.07%             | 2070-07-25      | Variable      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC                                                           | AbbVie Inc                                                                       | CUSIP: 00287YEA3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207079.41    | 0.07%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                 | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313872.54    | 0.11%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                  | Synchrony Financial                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $533801.94    | 0.18%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                      | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253735.79    | 0.09%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                              | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     85000 | PA      | $63510.31     | 0.02%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                  | Elevance Health Inc                                                              | CUSIP: 036752BD4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     81000 | PA      | $82589.23     | 0.03%             | 2035-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                                   | Tricon Residential 2025-SFR2 Trust                                               | CUSIP: 89617FAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1531003.05   | 0.52%             | 2044-08-17      | Fixed         | 6.07%                 | Yes           |                  2 | On Loan: No      |
| TRUIST INSURANCE HOLDING                                             | TRUIST INSURANCE HOLDING                                                         | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    245000 | PA      | $249950.96    | 0.08%             | 2032-05-06      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| Bonterra LLC - TL 1L 03/25                                           | Bonterra LLC - TL 1L 03/25                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5444108 | PA      | $5444108.00   | 1.84%             | 2032-03-05      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Med-Metrix - Revolver 1L 07/25                                       | Med-Metrix - Revolver 1L 07/25                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4470487 | PA      | $4448134.57   | 1.50%             | 2032-07-21      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE                                             | CVR Partners LP / CVR Nitrogen Finance Corp                                      | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $189840.57    | 0.06%             | 2028-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| VFI ABS LLC                                                          | VFI ABS 2025-1 LLC                                                               | CUSIP: 91824UAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2016722.60   | 0.68%             | 2031-04-26      | Fixed         | 7.69%                 | Yes           |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                                | Hightower Holding LLC                                                            | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    260000 | PA      | $256733.59    | 0.09%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                       | Gray Media Inc                                                                   | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    235000 | PA      | $176692.40    | 0.06%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| VetCorProfessionalPracticesLLC-Revolver1L08/22                       | VetCorProfessionalPracticesLLC-Revolver1L08/22                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    226260 | PA      | $226260.00    | 0.08%             | 2029-08-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| COMCAST CORP                                                         | Comcast Corp                                                                     | CUSIP: 20030NEQ0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41367.35     | 0.01%             | 2055-05-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                               | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39983.25     | 0.01%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                                | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $271375.98    | 0.09%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    625000 | PA      | $652293.83    | 0.22%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| VIASAT INC                                                           | VIASAT INC                                                                       | CUSIP: 92555WAF2<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    265000 | PA      | $261190.63    | 0.09%             | 2030-05-30      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                           | Verus Securitization Trust 2023-INV3                                             | CUSIP: 92540CAF4<br>LEI: 9845008F97BFO762AF95 | Long             | ABS-MBS          | CORP              | US        |    809000 | PA      | $814198.23    | 0.27%             | 2068-11-25      | Variable      | 8.18%                 | Yes           |                  2 | On Loan: No      |
| Global SC Finance SRL                                                | Global SC Finance X Ltd                                                          | CUSIP: 37893FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    574000 | PA      | $575162.35    | 0.19%             | 2045-09-22      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                | Wells Fargo & Co                                                                 | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    210000 | PA      | $214650.66    | 0.07%             | 2035-12-03      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Resa Power LLC - Revolver 1L 04/25 (CAD Multi Currency)              | Resa Power LLC - Revolver 1L 04/25 (CAD Multi Currency)                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     39907 | PA      | $39907.00     | 0.01%             | 2032-04-28      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| B&G FOODS INC                                                        | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    240000 | PA      | $232838.83    | 0.08%             | 2028-09-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding                                       | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RFB5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    840000 | PA      | $838218.28    | 0.28%             | 2028-08-21      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| SMB Private Education Loan Tru                                       | SMB Private Education Loan Trust 2025-B                                          | CUSIP: 83208BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    467000 | PA      | $476739.75    | 0.16%             | 2053-03-17      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Clarience Technologies LLC - TL 1L DD-A 06/25                        | Clarience Technologies LLC - TL 1L DD-A 06/25                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     75091 | PA      | $75841.82     | 0.03%             | 2032-02-13      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                                             | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $164264.75    | 0.06%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                    | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    525000 | PA      | $519546.13    | 0.18%             | 2030-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                            | Block Inc                                                                        | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65200.29     | 0.02%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                             | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $188744.14    | 0.06%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| OWENS & MINOR INC                                                    | Owens & Minor Inc                                                                | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    300000 | PA      | $247782.00    | 0.08%             | 2030-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                               | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85860.23     | 0.03%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                                   | Caturus Energy LLC                                                               | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    530000 | PA      | $552243.33    | 0.19%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                             | Service Properties Trust                                                         | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    415000 | PA      | $413751.98    | 0.14%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Follett Software Co - Revolver 1L 04/25                              | Follett Software Co - Revolver 1L 04/25                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    231343 | PA      | $231343.00    | 0.08%             | 2031-08-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Flexera Software LLC - Revolver 1L 08/25                             | Flexera Software LLC - Revolver 1L 08/25                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    170012 | PA      | $169841.99    | 0.06%             | 2032-08-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Navient Corp - TL 06/25 Class C                                      | Navient Corp - TL 06/25 Class C                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    447790 | PA      | $448013.61    | 0.15%             | 2026-06-12      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                             | Ford Motor Credit Co LLC                                                         | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    365000 | PA      | $381202.39    | 0.13%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                             | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $318893.54    | 0.11%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                             | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    505000 | PA      | $507238.16    | 0.17%             | 2029-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                              | BPCE SA                                                                          | CUSIP: 056121AB2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $263424.33    | 0.09%             | 2036-05-28      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                             | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30600.15     | 0.01%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Flexera Software LLC - TL 1L 08/25 EUR                               | Flexera Software LLC - TL 1L 08/25 EUR                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    634512 | PA      | $744203.86    | 0.25%             | 2032-08-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Med-Metrix - TL 1L 07/25                                             | Med-Metrix - TL 1L 07/25                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    333333 | PA      | $331666.34    | 0.11%             | 2032-07-21      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| AGS Health - Revolver 1L A 07/25                                     | AGS Health - Revolver 1L A 07/25                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90900 | PA      | $90899.91     | 0.03%             | 2032-07-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Santander Mortgage Asset Recei                                       | Santander Mortgage Asset Receivable Trust 2025-NQM4                              | CUSIP: 80263BAJ8<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-MBS          | CORP              | US        |    188864 | PA      | $172661.85    | 0.06%             | 2065-07-25      | Variable      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| Progress Residential Trust                                           | Progress Residential 2024-SFR1 Trust                                             | CUSIP: 74331QAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1328000 | PA      | $1245865.72   | 0.42%             | 2041-02-17      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| SYNOPSYS INC                                                         | Synopsys Inc                                                                     | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508826.16    | 0.17%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                          | US 5YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       126 | NC      | $-9646.11     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                                     | T-Mobile USA Inc                                                                 | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     46000 | PA      | $47020.53     | 0.02%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                             | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    430000 | PA      | $415309.05    | 0.14%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust                                        | HTL Commercial Mortgage Trust 2024-T53                                           | CUSIP: 404300AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $154123.65    | 0.05%             | 2039-05-10      | Variable      | 8.47%                 | Yes           |                  2 | On Loan: No      |
| B&G FOODS INC                                                        | B&G Foods Inc                                                                    | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38746.53     | 0.01%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philippine Airlines 777 (Warbug Pincus) - TL 1L DD 07/25 (MSN 61731) | Philippine Airlines 777 (Warbug Pincus) - TL 1L DD 07/25 (MSN 61731)             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    905243 | PA      | $905242.65    | 0.31%             | 2027-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Bonterra LLC - Revolver 1L 03/25                                     | Bonterra LLC - Revolver 1L 03/25                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    708029 | PA      | $708029.00    | 0.24%             | 2032-03-05      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Rialto Capital Management LLC - Revolver 1L 12/24                    | Rialto Capital Management LLC - Revolver 1L 12/24                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     65847 | PA      | $65847.00     | 0.02%             | 2030-12-05      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                               | Blue Owl Credit Income Corp                                                      | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239692.71    | 0.08%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Navient Corp - TL 06/25 Class B                                      | Navient Corp - TL 06/25 Class B                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    561193 | PA      | $561361.70    | 0.19%             | 2026-06-12      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Resa Power LLC - Revolver 1L 04/25                                   | Resa Power LLC - Revolver 1L 04/25                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    319259 | PA      | $319259.00    | 0.11%             | 2032-04-28      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| MARS INC                                                             | Mars Inc                                                                         | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202733.34    | 0.07%             | 2055-05-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Homrich & Berg Inc - TL 1L DD 11/24                                  | Homrich & Berg Inc - TL 1L DD 11/24                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1805062 | PA      | $1819863.85   | 0.61%             | 2031-11-17      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                              | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $171838.55    | 0.06%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                      | Nissan Motor Co Ltd                                                              | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    295000 | PA      | $316865.40    | 0.11%             | 2035-07-17      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| METHANEX CORP                                                        | Methanex Corp                                                                    | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $84940.55     | 0.03%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                         | CaixaBank SA                                                                     | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $204960.97    | 0.07%             | 2036-07-03      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Corp II                                                   | CUSIP: 36269JAE8<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100472.68    | 0.03%             | 2041-03-10      | Variable      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Vermont Information Processing Inc - TL 1L 01/25                     | Vermont Information Processing Inc - TL 1L 01/25                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1438110 | PA      | $1438109.73   | 0.49%             | 2032-01-30      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                              | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $169359.17    | 0.06%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                                      | CLI Funding IX LLC                                                               | CUSIP: 12571WAC7<br>LEI: 2549008S2Z91ASJFZL83 | Long             | ABS-O            | CORP              | US        |    535375 | PA      | $537706.56    | 0.18%             | 2049-07-20      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                 | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121488.09    | 0.04%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                              | Talen Energy Supply LLC                                                          | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    315000 | PA      | $334587.96    | 0.11%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                 | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122600.40    | 0.04%             | 2033-05-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| DAVITA INC                                                           | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    240000 | PA      | $230207.73    | 0.08%             | 2030-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                              | Public Service Electric and Gas Co                                               | CUSIP: 74456QCW4<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226866.59    | 0.08%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                                             | Lindblad Expeditions LLC                                                         | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71394.05     | 0.02%             | 2030-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $110351.12    | 0.04%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                              | Imperial Brands Finance PLC                                                      | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $204108.34    | 0.07%             | 2035-07-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Learning Experience Corp/The - TL 1L 07/25                           | Learning Experience Corp/The - TL 1L 07/25                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    662228 | PA      | $662228.00    | 0.22%             | 2032-07-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                               | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $123831.90    | 0.04%             | 2029-01-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                              | Asbury Automotive Group Inc                                                      | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    260000 | PA      | $252541.38    | 0.09%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                               | Cloud Software Group Inc                                                         | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127373.65    | 0.04%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Horizon CTS Buyer LLC - TL 1L 03/25                                  | Horizon CTS Buyer LLC - TL 1L 03/25                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3042734 | PA      | $3070422.98   | 1.04%             | 2032-03-28      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| SABRE GLBL INC                                                       | Sabre GLBL Inc                                                                   | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    365000 | PA      | $353940.50    | 0.12%             | 2030-07-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| Santander Mortgage Asset Recei                                       | Santander Mortgage Asset Receivable Trust 2025-NQM4                              | CUSIP: 80263BAK5<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-MBS          | CORP              | US        |  11214009 | PA      | $87274.71     | 0.03%             | 2065-07-25      | Variable      | 0.42%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                                                             | AT&T Inc                                                                         | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    300000 | PA      | $207670.85    | 0.07%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                              | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    335000 | PA      | $348034.18    | 0.12%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                            | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308817.30    | 0.10%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                             | Benchmark 2025-V15 Mortgage Trust                                                | CUSIP: 08164CAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    154000 | PA      | $160940.84    | 0.05%             | 2058-06-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    363000 | PA      | $375348.63    | 0.13%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| OWENS & MINOR INC                                                    | Owens & Minor Inc                                                                | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    755000 | PA      | $606674.89    | 0.20%             | 2029-03-31      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                            | Sunoco LP                                                                        | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    245000 | PA      | $257304.15    | 0.09%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NFE FINANCING LLC                                                    | NFE Financing LLC                                                                | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2565000 | PA      | $756675.00    | 0.26%             | 2029-11-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| ClubCorp Club Operations Inc - Revolver 1L 07/25                     | ClubCorp Club Operations Inc - Revolver 1L 07/25                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    277778 | PA      | $276389.11    | 0.09%             | 2032-07-10      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| SAMARCO MINERACAO SA                                                 | Samarco Mineracao SA                                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    182408 | PA      | $183468.57    | 0.06%             | 2031-06-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Navient Education Loan Trust                                         | Navient Education Loan Trust 2025-A                                              | CUSIP: 63943EAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    315000 | PA      | $318048.85    | 0.11%             | 2055-07-15      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                                             | United Natural Foods Inc                                                         | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160483.31    | 0.05%             | 2028-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ClubCorp Club Operations Inc - TL 1L B 07/25                         | ClubCorp Club Operations Inc - TL 1L B 07/25                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2555556 | PA      | $2542778.22   | 0.86%             | 2032-07-10      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                               | Chubb INA Holdings LLC                                                           | CUSIP: 171239AM8<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251581.85    | 0.08%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AG ISSUER LLC                                                        | AG Issuer LLC                                                                    | CUSIP: 00119LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $310831.73    | 0.10%             | 2028-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                              | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $208442.20    | 0.07%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                      | United States Treasury Note/Bond                                                 | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    238900 | PA      | $238909.33    | 0.08%             | 2027-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Ares Secondaries Pbn Finance Co IV LLC - TL DD B 05/25               | Ares Secondaries Pbn Finance Co IV LLC - TL DD B 05/25                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    538462 | PA      | $546431.24    | 0.18%             | 2039-04-14      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                              | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    178049 | PA      | $177295.33    | 0.06%             | 2028-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                             | Anheuser-Busch InBev Worldwide Inc                                               | CUSIP: 03523TBY3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |     63000 | PA      | $65025.69     | 0.02%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Follett Software Co - TL 1L 04/25                                    | Follett Software Co - TL 1L 04/25                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2477376 | PA      | $2497938.08   | 0.84%             | 2031-08-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $151246.58    | 0.05%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| AMSR Trust                                                           | AMSR 2025-SFR1 Trust                                                             | CUSIP: 00182MAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    256000 | PA      | $235433.37    | 0.08%             | 2042-06-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                             | Benchmark 2018-B7 Mortgage Trust                                                 | CUSIP: 08162TBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $649462.24    | 0.22%             | 2053-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| West Star Aviation Inc - TL 1L 05/25                                 | West Star Aviation Inc - TL 1L 05/25                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3704663 | PA      | $3719481.65   | 1.26%             | 2032-05-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| US TREASURY N/B                                                      | United States Treasury Note/Bond                                                 | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9711000 | PA      | $9789143.45   | 3.31%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                                         | DC Commercial Mortgage Trust 2023-DC                                             | CUSIP: 24023AAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    605000 | PA      | $628646.43    | 0.21%             | 2040-09-12      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY                                                       | Ryan Specialty LLC                                                               | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55656.76     | 0.02%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| HTAP Issuer Trust 2025-2 - HTAP 2025-2 A                             | HTAP Issuer Trust 2025-2 - HTAP 2025-2 A                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2996944 | PA      | $2990713.75   | 1.01%             | 2043-06-25      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                             | BX Trust 2025-VLT6                                                               | CUSIP: 12433KAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    490000 | PA      | $490609.36    | 0.17%             | 2042-03-15      | Floating      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                   | Union Pacific Corp                                                               | CUSIP: 907818FQ6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    128000 | PA      | $107843.75    | 0.04%             | 2036-04-06      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                          | US 10YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        70 | NC      | $47516.35     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                             | TotalEnergies Capital SA                                                         | CUSIP: 89157XAE1<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |     46000 | PA      | $44234.82     | 0.01%             | 2054-09-10      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Learning Experience Corp/The - Revolver 1L 07/25                     | Learning Experience Corp/The - Revolver 1L 07/25                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    145690 | PA      | $145690.00    | 0.05%             | 2032-07-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Horizon CTS Buyer LLC - TL 1L DD 03/25                               | Horizon CTS Buyer LLC - TL 1L DD 03/25                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    575540 | PA      | $580777.41    | 0.20%             | 2032-03-29      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103662.40    | 0.04%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                 | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91792.89     | 0.03%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                        | EchoStar Corp                                                                    | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     51066 | PA      | $125749.11    | 0.04%             | 2030-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Keystone Agency Partners LLC - TL 1L DD 08/25                        | Keystone Agency Partners LLC - TL 1L DD 08/25                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    320085 | PA      | $318484.58    | 0.11%             | 2032-05-31      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                             | Florida Power & Light Co                                                         | CUSIP: 341081GE1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    260000 | PA      | $168257.10    | 0.06%             | 2051-12-04      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                                | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205111.20    | 0.07%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                 | OneMain Finance Corp                                                             | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15146.60     | 0.01%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                          | Extended Stay America Trust 2025-ESH                                             | CUSIP: 30227TAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    874000 | PA      | $876185.00    | 0.30%             | 2042-10-15      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                     | BAT Capital Corp                                                                 | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    502000 | PA      | $496978.60    | 0.17%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                             | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    170000 | PA      | $163060.69    | 0.06%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                       | Morgan Stanley                                                                   | CUSIP: 61747YFV2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    128000 | PA      | $129479.97    | 0.04%             | 2055-11-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                 | OneMain Finance Corp                                                             | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    185000 | PA      | $187487.33    | 0.06%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                 | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    365000 | PA      | $371261.58    | 0.13%             | 2030-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                         | Navient Corp                                                                     | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1155040.52   | 0.39%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                          | US 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -100 | NC      | $-122802.04   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| BAT CAPITAL CORP                                                     | BAT Capital Corp                                                                 | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261593.00    | 0.09%             | 2055-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                             | BX Commercial Mortgage Trust 2022-CSMO                                           | CUSIP: 05610MAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    477000 | PA      | $482862.43    | 0.16%             | 2027-06-15      | Floating      | 7.29%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                 | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    155000 | PA      | $156738.33    | 0.05%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| VetCorProfessionalPracticesLLC-TL1LB08/22                            | VetCorProfessionalPracticesLLC-TL1LB08/22                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2647793 | PA      | $2647793.46   | 0.89%             | 2029-08-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                              | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $218509.00    | 0.07%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Xylem Kendall - TL 1L DD-A 06/25 (6th Amendment)                     | Xylem Kendall - TL 1L DD-A 06/25 (6th Amendment)                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     53451 | PA      | $53451.37     | 0.02%             | 2030-04-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| SSI ABS Issuer LLC                                                   | SSI ABS-2025-1 Issuer LLC                                                        | CUSIP: 78475CAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    468119 | PA      | $475029.22    | 0.16%             | 2065-07-25      | Fixed         | 7.82%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                  | Freddie Mac STACR REMIC Trust 2020-DNA1                                          | CUSIP: 35565HBE4<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $334349.94    | 0.11%             | 2050-01-25      | Floating      | 9.72%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                             | Mars Inc                                                                         | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    422000 | PA      | $431914.14    | 0.15%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Sunrun Inc - TL 1L 07/23 (Charis)                                    | Sunrun Inc - TL 1L 07/23 (Charis)                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1536900 | PA      | $1592535.76   | 0.54%             | 2059-04-30      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                               | Pacific Gas and Electric Co                                                      | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    102000 | PA      | $77359.68     | 0.03%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                  | Coinbase Global Inc                                                              | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |     95000 | PA      | $84852.08     | 0.03%             | 2031-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                             | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1168000 | PA      | $1211965.86   | 0.41%             | 2029-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                                          | Fortress Credit BSL XVIII Ltd                                                    | CUSIP: 34965DAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    829000 | PA      | $828962.70    | 0.28%             | 2036-04-23      | Floating      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| Bonterra LLC - TL 1L DD 03/25                                        | Bonterra LLC - TL 1L DD 03/25                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    708029 | PA      | $708029.00    | 0.24%             | 2032-03-05      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| BXSC Commercial Mortgage Trust                                       | BXSC Commercial Mortgage Trust 2022-WSS                                          | CUSIP: 05610BAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1506636.00   | 0.51%             | 2035-03-15      | Floating      | 7.34%                 | Yes           |                  2 | On Loan: No      |
| AGS Health - TL 1L DD 07/25                                          | AGS Health - TL 1L DD 07/25                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250009 | PA      | $250009.09    | 0.08%             | 2032-07-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Woolpert Inc - TL 1L DD 09/25                                        | Woolpert Inc - TL 1L DD 09/25                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    552846 | PA      | $547317.54    | 0.18%             | 2032-04-05      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| Atrium Hotel Portfolio Trust                                         | Atrium Hotel Portfolio Trust 2024-ATRM                                           | CUSIP: 04963XAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    536000 | PA      | $543424.89    | 0.18%             | 2029-11-10      | Variable      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                             | BX Trust 2025-VLT7                                                               | CUSIP: 123913AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1332000 | PA      | $1340041.02   | 0.45%             | 2044-07-15      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORP                                                         | Centene Corp                                                                     | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     80000 | PA      | $68963.12     | 0.02%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                               | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $63458.04     | 0.02%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $103960.42    | 0.04%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                               | EquipmentShare.com Inc                                                           | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1080894.00   | 0.36%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| American Community Finance LLC - 6.460 05/2031 SSN                   | American Community Finance LLC - 6.460 05/2031 SSN                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3111111 | PA      | $3153111.00   | 1.06%             | 2031-05-30      | Fixed         | 6.46%                 | No            |                  3 | On Loan: No      |
| EQT CORP                                                             | EQT Corp                                                                         | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164727.65    | 0.06%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2507.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                                        | Exeter Automobile Receivables Trust 2025-2                                       | CUSIP: 30168JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2080449.60   | 0.70%             | 2032-10-15      | Fixed         | 7.81%                 | Yes           |                  2 | On Loan: No      |
| Eagle Railcar Services Roscoe Inc - Revolver 1L 06/25                | Eagle Railcar Services Roscoe Inc - Revolver 1L 06/25                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    451770 | PA      | $451770.00    | 0.15%             | 2032-05-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                             | Hess Midstream Operations LP                                                     | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $176396.50    | 0.06%             | 2030-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                        | Carnival Corp                                                                    | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    375000 | PA      | $380837.24    | 0.13%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                       | Morgan Stanley                                                                   | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    168000 | PA      | $177329.96    | 0.06%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                                     | Trinitas CLO XII Ltd                                                             | CUSIP: 89641GBC5<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752445.75    | 0.25%             | 2033-04-25      | Floating      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                               | ConocoPhillips Co                                                                | CUSIP: 20826FBM7<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    179000 | PA      | $175493.88    | 0.06%             | 2055-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Integrity Marketing Group LLC - TL 1L 08/24                          | Integrity Marketing Group LLC - TL 1L 08/24                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3191728 | PA      | $3191728.23   | 1.08%             | 2028-08-25      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Homrich & Berg Inc - TL 1L 11/24                                     | Homrich & Berg Inc - TL 1L 11/24                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1504219 | PA      | $1516553.70   | 0.51%             | 2031-11-17      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| HSBC HOLDINGS PLC                                                    | HSBC Holdings PLC                                                                | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206467.75    | 0.07%             | 2036-03-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                         | Centene Corp                                                                     | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     75000 | PA      | $69752.47     | 0.02%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                                       | Wells Fargo Commercial Mortgage Trust 2025-5C4                                   | CUSIP: 949931AH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    386000 | PA      | $396104.94    | 0.13%             | 2058-05-15      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                             | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207669.45    | 0.07%             | 2029-04-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                              | Royal Caribbean Cruises Ltd                                                      | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    122000 | PA      | $122758.65    | 0.04%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                               | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1146807.05   | 0.39%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                            | Sunoco LP                                                                        | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69437.68     | 0.02%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                   | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    370000 | PA      | $387452.53    | 0.13%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                  | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    550000 | PA      | $545651.26    | 0.18%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                     | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160470.88    | 0.05%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| TAKEDA US FIN                                                        | Takeda US Financing Inc                                                          | CUSIP: 87406BAB8<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206197.73    | 0.07%             | 2055-07-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                         | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    730000 | PA      | $769060.84    | 0.26%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                        | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    395000 | PA      | $405138.07    | 0.14%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                                   | Osaic Holdings Inc                                                               | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72355.92     | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust                                        | NYC Commercial Mortgage Trust 2025-3BP                                           | CUSIP: 67120UAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $475211.47    | 0.16%             | 2042-02-15      | Floating      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                             | Marsh & McLennan Cos Inc                                                         | CUSIP: 571748BV3<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53299.06     | 0.02%             | 2053-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                               | Comstock Resources Inc                                                           | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    105000 | PA      | $101204.29    | 0.03%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                              | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402852.92    | 0.14%             | 2035-10-23      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| EMBARQ LLC                                                           | Embarq LLC                                                                       | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $120148.80    | 0.04%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                             | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $44195.00     | 0.01%             | 2029-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                                 | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67909.46     | 0.02%             | 2030-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                                         | Atrium Hotel Portfolio Trust 2024-ATRM                                           | CUSIP: 04963XAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2039170.00   | 0.69%             | 2029-11-10      | Variable      | 7.93%                 | Yes           |                  2 | On Loan: No      |
| AGS Health - TL 1L DD-B 07/25                                        | AGS Health - TL 1L DD-B 07/25                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    454554 | PA      | $454554.09    | 0.15%             | 2032-07-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| MINERAL RESOURCES LTD                                                | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    120000 | PA      | $125887.08    | 0.04%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    361000 | PA      | $372700.01    | 0.13%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                               | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $87821.24     | 0.03%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| AGS Health - TL 1L B 07/25                                           | AGS Health - TL 1L B 07/25                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1340918 | PA      | $1340918.09   | 0.45%             | 2032-07-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                               | ConocoPhillips Co                                                                | CUSIP: 20826FAV8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |     63000 | PA      | $47390.39     | 0.02%             | 2052-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                | Mexico Government International Bond                                             | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    400000 | PA      | $398624.00    | 0.13%             | 2035-09-22      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Recei                                       | Santander Mortgage Asset Receivable Trust 2025-NQM4                              | CUSIP: 80263BAL3<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-MBS          | CORP              | US        |  11214009 | PA      | $424677.88    | 0.14%             | 2065-07-25      | Variable      | 0.01%                 | Yes           |                  2 | On Loan: No      |
| American Credit Acceptance Rec                                       | American Credit Acceptance Receivables Trust 2022-4                              | CUSIP: 02529XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $722666.21    | 0.24%             | 2030-01-14      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| PCI Pharma Services - Revolver 1L 01/25                              | PCI Pharma Services - Revolver 1L 01/25                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    617284 | PA      | $617284.00    | 0.21%             | 2032-01-22      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Capital Group KKR Multi-Sector (plus)

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Lead Analyst