# EDGAR Filing Document

**Accession Number:** 0000764624
**File Stem:** 0000940400-26-021631
**Filing Date:** 2026-5
**Character Count:** 535434
**Document Hash:** 96179ee3f214d361763127146b5095f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021631.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021631

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INCOME TRUST
- **CENTRAL INDEX KEY:** 0000764624

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04254
- **FILM NUMBER:** 261031894

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEGG MASON PARTNERS INCOME FUNDS
- **DATE OF NAME CHANGE:** 20060407

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY INCOME FUNDS
- **DATE OF NAME CHANGE:** 19941228

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY SHEARSON INCOME FUNDS
- **DATE OF NAME CHANGE:** 19931015

## Series and Classes Contracts Data

### Western Asset Corporate Bond Fund (Series ID: S000016627)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000046422 | Class A      | SIGAX           |
| C000046424 | Class C1     | SBILX           |
| C000046425 | Class I      | SIGYX           |
| C000076699 | Class P      | LCBPX           |
| C000088506 | Class C      | LWBOX           |

## Nport-Ex

Schedule of Investments (unaudited)

March 31, 2026

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

 **Western Asset Corporate Bond Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount†<br>| Value |
| **Corporate Bonds & Notes — 84.3%** | **Corporate Bonds & Notes — 84.3%** | **Corporate Bonds & Notes — 84.3%** | **Corporate Bonds & Notes — 84.3%** | **Corporate Bonds & Notes — 84.3%** |
| **Communication Services — 7.4%** | **Communication Services — 7.4%** | **Communication Services — 7.4%** | **Communication Services — 7.4%** | **Communication Services — 7.4%** |
| *Diversified Telecommunication Services — 2.5%* | *Diversified Telecommunication Services — 2.5%* | *Diversified Telecommunication Services — 2.5%* | *Diversified Telecommunication Services — 2.5%* | *Diversified Telecommunication Services — 2.5%* |
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 1/15/28 | &nbsp;&nbsp; 2790000<br>| &nbsp;&nbsp;&nbsp; $2899963<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 8/15/35 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 709344<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 3/1/41 | &nbsp;&nbsp; 753000<br>| &nbsp;&nbsp;&nbsp; 798398<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 6/15/44 | &nbsp;&nbsp; 208000<br>| &nbsp;&nbsp;&nbsp; 180531<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 3/9/48 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 557292<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 9/15/53 | &nbsp;&nbsp; 216000<br>| &nbsp;&nbsp;&nbsp; 141745<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 3.550% | &nbsp;&nbsp; 9/15/55 | &nbsp;&nbsp; 1283000<br>| &nbsp;&nbsp;&nbsp; 835049<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 8/15/56 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 246395<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 3.800% | &nbsp;&nbsp; 12/1/57 | &nbsp;&nbsp; 1120000<br>| &nbsp;&nbsp;&nbsp; 757948<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 3.650% | &nbsp;&nbsp; 9/15/59 | &nbsp;&nbsp; 133000<br>| &nbsp;&nbsp;&nbsp; 86249<br>|
| &nbsp;&nbsp;&nbsp; Frontier California Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 5/15/27 | &nbsp;&nbsp; 2150000<br>| &nbsp;&nbsp;&nbsp; 2203664<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 4/2/35 | &nbsp;&nbsp; 1210000<br>| &nbsp;&nbsp;&nbsp; 1211922<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 2.650% | &nbsp;&nbsp; 11/20/40 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 203701<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 3.400% | &nbsp;&nbsp; 3/22/41 | &nbsp;&nbsp; 630000<br>| &nbsp;&nbsp;&nbsp; 484038<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 9/15/43 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 247183<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 3/22/50 | &nbsp;&nbsp; 470000<br>| &nbsp;&nbsp;&nbsp; 355212<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 2.875% | &nbsp;&nbsp; 11/20/50 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 218528<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/23/54 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 359454<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 2.987% | &nbsp;&nbsp; 10/30/56 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 211457<br>|
| *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | &nbsp;&nbsp; *12708073* |
| *Entertainment — 0.2%* | *Entertainment — 0.2%* | *Entertainment — 0.2%* | *Entertainment — 0.2%* | *Entertainment — 0.2%* |
| &nbsp;&nbsp;&nbsp; Flutter Treasury DAC, Senior Secured Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 6/4/31 | &nbsp;&nbsp; 950000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *941925*<br> <sup>(a)</sup><br>|
| *Interactive Media & Services — 2.1%* | *Interactive Media & Services — 2.1%* | *Interactive Media & Services — 2.1%* | *Interactive Media & Services — 2.1%* | *Interactive Media & Services — 2.1%* |
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 11/15/32 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 358063<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 4.400% | &nbsp;&nbsp; 2/15/33 | &nbsp;&nbsp; 430000<br>| &nbsp;&nbsp;&nbsp; 424769<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 577740<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 11/15/45 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 430485<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/15/46 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp; 545908<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/15/55 | &nbsp;&nbsp; 1230000<br>| &nbsp;&nbsp;&nbsp; 1162300<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 426315<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 2/15/56 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 69825<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 2/15/66 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 495554<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 4.600% | &nbsp;&nbsp; 11/15/32 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 307064<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 11/15/35 | &nbsp;&nbsp; 785000<br>| &nbsp;&nbsp;&nbsp; 770430<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 11/15/45 | &nbsp;&nbsp; 1710000<br>| &nbsp;&nbsp;&nbsp; 1619296<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 1400000<br>| &nbsp;&nbsp;&nbsp; 1313284<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 11/15/65 | &nbsp;&nbsp; 2600000<br>| &nbsp;&nbsp;&nbsp; 2416786<br>|
| *Total Interactive Media & Services* | *Total Interactive Media & Services* | *Total Interactive Media & Services* | *Total Interactive Media & Services* | &nbsp;&nbsp; *10917819* |
| *Media — 1.6%* | *Media — 1.6%* | *Media — 1.6%* | *Media — 1.6%* | *Media — 1.6%* |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating Capital <br> Corp., Senior Secured Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp; 830000<br>| &nbsp;&nbsp;&nbsp; 582617<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating Capital <br> Corp., Senior Secured Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 3/1/42 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 171308<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Media — continued* | *Media — continued* | *Media — continued* | *Media — continued* | *Media — continued* |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating Capital <br> Corp., Senior Secured Notes | &nbsp;&nbsp; 6.700% | &nbsp;&nbsp; 12/1/55 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; $38255<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating Capital <br> Corp., Senior Secured Notes | &nbsp;&nbsp; 3.850% | &nbsp;&nbsp; 4/1/61 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 151983<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating Capital <br> Corp., Senior Secured Notes | &nbsp;&nbsp; 3.950% | &nbsp;&nbsp; 6/30/62 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 141135<br>|
| &nbsp;&nbsp;&nbsp; Comcast Corp., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 11/15/35 | &nbsp;&nbsp; 205000<br>| &nbsp;&nbsp;&nbsp; 223802<br>|
| &nbsp;&nbsp;&nbsp; Comcast Corp., Senior Notes | &nbsp;&nbsp; 3.969% | &nbsp;&nbsp; 11/1/47 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 147329<br>|
| &nbsp;&nbsp;&nbsp; Comcast Corp., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 5/15/55 | &nbsp;&nbsp; 1150000<br>| &nbsp;&nbsp;&nbsp; 1138930<br>|
| &nbsp;&nbsp;&nbsp; Comcast Corp., Senior Notes | &nbsp;&nbsp; 2.937% | &nbsp;&nbsp; 11/1/56 | &nbsp;&nbsp; 823000<br>| &nbsp;&nbsp;&nbsp; 456278<br>|
| &nbsp;&nbsp;&nbsp; Comcast Corp., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 10/15/58 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 458032<br>|
| &nbsp;&nbsp;&nbsp; Fox Corp., Senior Notes | &nbsp;&nbsp; 5.476% | &nbsp;&nbsp; 1/25/39 | &nbsp;&nbsp; 630000<br>| &nbsp;&nbsp;&nbsp; 609737<br>|
| &nbsp;&nbsp;&nbsp; NBCUniversal Media LLC, Senior Notes | &nbsp;&nbsp; 4.450% | &nbsp;&nbsp; 1/15/43 | &nbsp;&nbsp; 62000<br>| &nbsp;&nbsp;&nbsp; 51536<br>|
| &nbsp;&nbsp;&nbsp; Paramount Global, Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 7/30/30 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 647496<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable Enterprises LLC, Senior Secured Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 7/15/33 | &nbsp;&nbsp; 1078000<br>| &nbsp;&nbsp;&nbsp; 1221208<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC, Senior Secured Notes | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 5/1/37 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 615475<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC, Senior Secured Notes | &nbsp;&nbsp; 7.300% | &nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp; 830000<br>| &nbsp;&nbsp;&nbsp; 869099<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 6/15/39 | &nbsp;&nbsp; 900000<br>| &nbsp;&nbsp;&nbsp; 893780<br>|
| *Total Media* | *Total Media* | *Total Media* | *Total Media* | &nbsp;&nbsp; *8418000* |
| *Wireless Telecommunication Services — 1.0%* | *Wireless Telecommunication Services — 1.0%* | *Wireless Telecommunication Services — 1.0%* | *Wireless Telecommunication Services — 1.0%* | *Wireless Telecommunication Services — 1.0%* |
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 5/15/35 | &nbsp;&nbsp; 1340000<br>| &nbsp;&nbsp;&nbsp; 1351655<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 689706<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 4/15/40 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 131933<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 2/15/41 | &nbsp;&nbsp; 930000<br>| &nbsp;&nbsp;&nbsp; 680397<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 3.300% | &nbsp;&nbsp; 2/15/51 | &nbsp;&nbsp; 810000<br>| &nbsp;&nbsp;&nbsp; 530606<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 750000<br>| &nbsp;&nbsp;&nbsp; 731870<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 2/15/56 | &nbsp;&nbsp; 1020000<br>| &nbsp;&nbsp;&nbsp; 990577<br>|
| *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | &nbsp;&nbsp; *5106744* |
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **38092561** |
| **Consumer Discretionary — 8.0%** | **Consumer Discretionary — 8.0%** | **Consumer Discretionary — 8.0%** | **Consumer Discretionary — 8.0%** | **Consumer Discretionary — 8.0%** |
| *Automobiles — 0.9%* | *Automobiles — 0.9%* | *Automobiles — 0.9%* | *Automobiles — 0.9%* | *Automobiles — 0.9%* |
| &nbsp;&nbsp;&nbsp; Ford Holdings LLC, Senior Notes | &nbsp;&nbsp; 9.300% | &nbsp;&nbsp; 3/1/30 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 335735<br>|
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC, Senior Notes | &nbsp;&nbsp; 3.625% | &nbsp;&nbsp; 6/17/31 | &nbsp;&nbsp; 780000<br>| &nbsp;&nbsp;&nbsp; 703166<br>|
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC, Senior Notes | &nbsp;&nbsp; 7.122% | &nbsp;&nbsp; 11/7/33 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 220704<br>|
| &nbsp;&nbsp;&nbsp; General Motors Co., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 10/15/32 | &nbsp;&nbsp; 488000<br>| &nbsp;&nbsp;&nbsp; 499836<br>|
| &nbsp;&nbsp;&nbsp; General Motors Co., Senior Notes | &nbsp;&nbsp; 6.600% | &nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 532149<br>|
| &nbsp;&nbsp;&nbsp; General Motors Co., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/1/46 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp; 570374<br>|
| &nbsp;&nbsp;&nbsp; General Motors Co., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 4/1/49 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 168553<br>|
| &nbsp;&nbsp;&nbsp; PM General Purchaser LLC, Senior Secured Notes | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 10/1/28 | &nbsp;&nbsp; 1480000<br>| &nbsp;&nbsp;&nbsp; 1403573<br> <sup>(a)</sup><br>|
| *Total Automobiles* | *Total Automobiles* | *Total Automobiles* | *Total Automobiles* | &nbsp;&nbsp; *4434090* |
| *Broadline Retail — 1.9%* | *Broadline Retail — 1.9%* | *Broadline Retail — 1.9%* | *Broadline Retail — 1.9%* | *Broadline Retail — 1.9%* |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd., Senior Notes | &nbsp;&nbsp; 2.700% | &nbsp;&nbsp; 2/9/41 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 367659<br>|
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd., Senior Notes | &nbsp;&nbsp; 3.150% | &nbsp;&nbsp; 2/9/51 | &nbsp;&nbsp; 1030000<br>| &nbsp;&nbsp;&nbsp; 691428<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 4.550% | &nbsp;&nbsp; 3/13/33 | &nbsp;&nbsp; 660000<br>| &nbsp;&nbsp;&nbsp; 653840<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 4.350% | &nbsp;&nbsp; 3/20/33 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 353593<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 11/20/35 | &nbsp;&nbsp; 1070000<br>| &nbsp;&nbsp;&nbsp; 1049589<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Broadline Retail — continued* | *Broadline Retail — continued* | *Broadline Retail — continued* | *Broadline Retail — continued* | *Broadline Retail — continued* |
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 3/13/36 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp; $674065<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 3/13/46 | &nbsp;&nbsp; 710000<br>| &nbsp;&nbsp;&nbsp; 707963<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 11/20/55 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 478003<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 3/13/56 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 579943<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 11/20/65 | &nbsp;&nbsp; 1180000<br>| &nbsp;&nbsp;&nbsp; 1115772<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 3/13/66 | &nbsp;&nbsp; 900000<br>| &nbsp;&nbsp;&nbsp; 903636<br>|
| &nbsp;&nbsp;&nbsp; MercadoLibre Inc., Senior Notes | &nbsp;&nbsp; 3.125% | &nbsp;&nbsp; 1/14/31 | &nbsp;&nbsp; 720000<br>| &nbsp;&nbsp;&nbsp; 657274<br>|
| &nbsp;&nbsp;&nbsp; MercadoLibre Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 1660000<br>| &nbsp;&nbsp;&nbsp; 1613022<br>|
| *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | &nbsp;&nbsp; *9845787* |
| *Diversified Consumer Services — 0.1%* | *Diversified Consumer Services — 0.1%* | *Diversified Consumer Services — 0.1%* | *Diversified Consumer Services — 0.1%* | *Diversified Consumer Services — 0.1%* |
| &nbsp;&nbsp;&nbsp; California Institute of Technology, Senior Notes | &nbsp;&nbsp; 3.650% | &nbsp;&nbsp; 9/1/2119 | &nbsp;&nbsp; 590000<br>| &nbsp;&nbsp;&nbsp; *368698*<br>|
| *Hotels, Restaurants & Leisure — 3.4%* | *Hotels, Restaurants & Leisure — 3.4%* | *Hotels, Restaurants & Leisure — 3.4%* | *Hotels, Restaurants & Leisure — 3.4%* | *Hotels, Restaurants & Leisure — 3.4%* |
| &nbsp;&nbsp;&nbsp; Airbnb Inc., Senior Notes | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 3/16/31 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 529028<br>|
| &nbsp;&nbsp;&nbsp; Airbnb Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/16/36 | &nbsp;&nbsp; 800000<br>| &nbsp;&nbsp;&nbsp; 801124<br>|
| &nbsp;&nbsp;&nbsp; Brightstar Lottery PLC, Senior Secured Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; 1126000<br>| &nbsp;&nbsp;&nbsp; 1117588<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Carnival Corp., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 5/1/29 | &nbsp;&nbsp; 1130000<br>| &nbsp;&nbsp;&nbsp; 1122323<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Carnival Corp., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 534493<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Carnival Corp., Senior Secured Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp; 810000<br>| &nbsp;&nbsp;&nbsp; 838858<br>|
| &nbsp;&nbsp;&nbsp; Full House Resorts Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/15/28 | &nbsp;&nbsp; 2740000<br>| &nbsp;&nbsp;&nbsp; 2500250<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; GLP Capital LP/GLP Financing II Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/1/36 | &nbsp;&nbsp; 1830000<br>| &nbsp;&nbsp;&nbsp; 1781547<br>|
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp., Senior Notes | &nbsp;&nbsp; 3.900% | &nbsp;&nbsp; 8/8/29 | &nbsp;&nbsp; 670000<br>| &nbsp;&nbsp;&nbsp; 645982<br>|
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 8/15/29 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 51403<br>|
| &nbsp;&nbsp;&nbsp; McDonald's Corp., Senior Notes | &nbsp;&nbsp; 4.450% | &nbsp;&nbsp; 3/1/47 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 442405<br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 12/4/29 | &nbsp;&nbsp; 770000<br>| &nbsp;&nbsp;&nbsp; 740222<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 9/24/33 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 345845<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 4/1/28 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 354076<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 3/15/32 | &nbsp;&nbsp; 520000<br>| &nbsp;&nbsp;&nbsp; 531737<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 2/1/33 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 414197<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 5/15/33 | &nbsp;&nbsp; 520000<br>| &nbsp;&nbsp;&nbsp; 502241<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 660000<br>| &nbsp;&nbsp;&nbsp; 648685<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/27/38 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 304553<br>|
| &nbsp;&nbsp;&nbsp; Sands China Ltd., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 8/8/28 | &nbsp;&nbsp; 1830000<br>| &nbsp;&nbsp;&nbsp; 1844856<br>|
| &nbsp;&nbsp;&nbsp; Sands China Ltd., Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 6/18/30 | &nbsp;&nbsp; 870000<br>| &nbsp;&nbsp;&nbsp; 840054<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wynn Macau Ltd., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 12/15/29 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 403062<br> <sup>(a)</sup><br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *17294529* |
| *Household Durables — 1.0%* | *Household Durables — 1.0%* | *Household Durables — 1.0%* | *Household Durables — 1.0%* | *Household Durables — 1.0%* |
| &nbsp;&nbsp;&nbsp; PulteGroup Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 3/1/31 | &nbsp;&nbsp; 2790000<br>| &nbsp;&nbsp;&nbsp; 2728007<br>|
| &nbsp;&nbsp;&nbsp; PulteGroup Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 3/1/36 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 347968<br>|
| &nbsp;&nbsp;&nbsp; Sekisui House US Inc., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 1/15/43 | &nbsp;&nbsp; 1420000<br>| &nbsp;&nbsp;&nbsp; 1299273<br>|
| &nbsp;&nbsp;&nbsp; TopBuild Corp., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 1/31/34 | &nbsp;&nbsp; 870000<br>| &nbsp;&nbsp;&nbsp; 852441<br> <sup>(a)</sup><br>|
| *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | &nbsp;&nbsp; *5227689* |
| *Specialty Retail — 0.7%* | *Specialty Retail — 0.7%* | *Specialty Retail — 0.7%* | *Specialty Retail — 0.7%* | *Specialty Retail — 0.7%* |
| &nbsp;&nbsp;&nbsp; Dick's Sporting Goods Inc., Senior Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 10/1/29 | &nbsp;&nbsp; 1150000<br>| &nbsp;&nbsp;&nbsp; 1119449<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lowe's Cos. Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 9/15/44 | &nbsp;&nbsp; 6000<br>| &nbsp;&nbsp;&nbsp; 4768<br>|
| &nbsp;&nbsp;&nbsp; Lowe's Cos. Inc., Senior Notes | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 10/15/50 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 432934<br>|
| &nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Secured Notes | &nbsp;&nbsp; 11.000% | &nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp; 870000<br>| &nbsp;&nbsp;&nbsp; 811129<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Specialty Retail — continued* | *Specialty Retail — continued* | *Specialty Retail — continued* | *Specialty Retail — continued* | *Specialty Retail — continued* |
| &nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Senior Secured Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 1050000<br>| &nbsp;&nbsp;&nbsp; $1023277<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co. Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/1/31 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 289801<br> <sup>(a)</sup><br>|
| *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | &nbsp;&nbsp; *3681358* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **40852151** |
| **Consumer Staples — 2.6%** | **Consumer Staples — 2.6%** | **Consumer Staples — 2.6%** | **Consumer Staples — 2.6%** | **Consumer Staples — 2.6%** |
| *Beverages — 0.3%* | *Beverages — 0.3%* | *Beverages — 0.3%* | *Beverages — 0.3%* | *Beverages — 0.3%* |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev Worldwide Inc., Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 1/23/59 | &nbsp;&nbsp; 1410000<br>| &nbsp;&nbsp;&nbsp; 1414426<br>|
| &nbsp;&nbsp;&nbsp; Coca-Cola Co., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 1/14/55 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 416960<br>|
| *Total Beverages* | *Total Beverages* | *Total Beverages* | *Total Beverages* | &nbsp;&nbsp; *1831386* |
| *Consumer Staples Distribution & Retail — 0.3%* | *Consumer Staples Distribution & Retail — 0.3%* | *Consumer Staples Distribution & Retail — 0.3%* | *Consumer Staples Distribution & Retail — 0.3%* | *Consumer Staples Distribution & Retail — 0.3%* |
| &nbsp;&nbsp;&nbsp; Albertsons Cos. Inc./Safeway Inc./New Albertsons LP/Albertsons LLC, Senior Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 3/15/29 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 381784<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kroger Co., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/15/54 | &nbsp;&nbsp; 1090000<br>| &nbsp;&nbsp;&nbsp; 1012992<br>|
| *Total Consumer Staples Distribution & Retail* | *Total Consumer Staples Distribution & Retail* | *Total Consumer Staples Distribution & Retail* | *Total Consumer Staples Distribution & Retail* | &nbsp;&nbsp; *1394776* |
| *Food Products — 0.9%* | *Food Products — 0.9%* | *Food Products — 0.9%* | *Food Products — 0.9%* | *Food Products — 0.9%* |
| &nbsp;&nbsp;&nbsp; Gruma SAB de CV, Senior Notes | &nbsp;&nbsp; 5.390% | &nbsp;&nbsp; 12/9/34 | &nbsp;&nbsp; 760000<br>| &nbsp;&nbsp;&nbsp; 757113<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; J M Smucker Co., Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 11/15/33 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 593541<br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, Senior <br> Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 4/20/35 | &nbsp;&nbsp; 980000<br>| &nbsp;&nbsp;&nbsp; 1018283<br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, Senior <br> Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/10/37 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 311164<br> <sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, Senior <br> Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/25/55 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 358981<br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, Senior <br> Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 5/10/57 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 359604<br> <sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mars Inc., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 616029<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mars Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 5/1/55 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 546421<br> <sup>(a)</sup><br>|
| *Total Food Products* | *Total Food Products* | *Total Food Products* | *Total Food Products* | &nbsp;&nbsp; *4561136* |
| *Tobacco — 1.1%* | *Tobacco — 1.1%* | *Tobacco — 1.1%* | *Tobacco — 1.1%* | *Tobacco — 1.1%* |
| &nbsp;&nbsp;&nbsp; Altria Group Inc., Senior Notes | &nbsp;&nbsp; 2.450% | &nbsp;&nbsp; 2/4/32 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 491567<br>|
| &nbsp;&nbsp;&nbsp; Altria Group Inc., Senior Notes | &nbsp;&nbsp; 3.400% | &nbsp;&nbsp; 2/4/41 | &nbsp;&nbsp; 1480000<br>| &nbsp;&nbsp;&nbsp; 1118295<br>|
| &nbsp;&nbsp;&nbsp; Altria Group Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 8/9/42 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 48925<br>|
| &nbsp;&nbsp;&nbsp; Altria Group Inc., Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 9/16/46 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 146681<br>|
| &nbsp;&nbsp;&nbsp; Altria Group Inc., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 2/14/49 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 378394<br>|
| &nbsp;&nbsp;&nbsp; BAT Capital Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 2/20/34 | &nbsp;&nbsp; 640000<br>| &nbsp;&nbsp;&nbsp; 676705<br>|
| &nbsp;&nbsp;&nbsp; BAT Capital Corp., Senior Notes | &nbsp;&nbsp; 7.081% | &nbsp;&nbsp; 8/2/53 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 188031<br>|
| &nbsp;&nbsp;&nbsp; BAT Capital Corp., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 8/15/55 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; 658105<br>|
| &nbsp;&nbsp;&nbsp; Philip Morris International Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/13/34 | &nbsp;&nbsp; 480000<br>| &nbsp;&nbsp;&nbsp; 488995<br>|
| &nbsp;&nbsp;&nbsp; Philip Morris International Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 11/10/44 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 364771<br>|
| &nbsp;&nbsp;&nbsp; Reynolds American Inc., Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 727181<br>|
| &nbsp;&nbsp;&nbsp; Reynolds American Inc., Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 8/15/45 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 523306<br>|
| *Total Tobacco* | *Total Tobacco* | *Total Tobacco* | *Total Tobacco* | &nbsp;&nbsp; *5810956* |
| **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **13598254** |
| **Energy — 7.6%** | **Energy — 7.6%** | **Energy — 7.6%** | **Energy — 7.6%** | **Energy — 7.6%** |
| *Energy Equipment & Services — 0.5%* | *Energy Equipment & Services — 0.5%* | *Energy Equipment & Services — 0.5%* | *Energy Equipment & Services — 0.5%* | *Energy Equipment & Services — 0.5%* |
| &nbsp;&nbsp;&nbsp; Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/36 | &nbsp;&nbsp; 1450000<br>| &nbsp;&nbsp;&nbsp; 1424175<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Energy Equipment & Services — continued* | *Energy Equipment & Services — continued* | *Energy Equipment & Services — continued* | *Energy Equipment & Services — continued* | *Energy Equipment & Services — continued* |
| &nbsp;&nbsp;&nbsp; Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 6/15/56 | &nbsp;&nbsp; 1360000<br>| &nbsp;&nbsp;&nbsp; $1331745<br>|
| *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | &nbsp;&nbsp; *2755920* |
| *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* |
| &nbsp;&nbsp;&nbsp; Antero Resources Corp., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 3/1/30 | &nbsp;&nbsp; 1350000<br>| &nbsp;&nbsp;&nbsp; 1357540<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; BP Capital Markets PLC, Senior Notes (6.125% to 6/18/35 then 5 year Treasury <br> Constant Maturity Rate + 1.924%) | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 3/18/35 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 706287<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cheniere Energy Partners LP, Senior Notes | &nbsp;&nbsp; 3.250% | &nbsp;&nbsp; 1/31/32 | &nbsp;&nbsp; 570000<br>| &nbsp;&nbsp;&nbsp; 519674<br>|
| &nbsp;&nbsp;&nbsp; Cheniere Energy Partners LP, Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 10/30/35 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 570514<br>|
| &nbsp;&nbsp;&nbsp; Continental Resources Inc., Senior Notes | &nbsp;&nbsp; 2.268% | &nbsp;&nbsp; 11/15/26 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 393633<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Coterra Energy Operating Co., Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 3/15/29 | &nbsp;&nbsp; 1740000<br>| &nbsp;&nbsp;&nbsp; 1678411<br>|
| &nbsp;&nbsp;&nbsp; DCP Midstream Operating LP, Senior Notes | &nbsp;&nbsp; 3.250% | &nbsp;&nbsp; 2/15/32 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 354646<br>|
| &nbsp;&nbsp;&nbsp; Devon OEI Operating LLC, Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 9/15/27 | &nbsp;&nbsp; 1230000<br>| &nbsp;&nbsp;&nbsp; 1264675<br>|
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, Senior Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 1/19/36 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 517513<br>|
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 11/2/51 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 282016<br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Junior Subordinated Notes (6.500% to 11/15/26 then 5 year <br> Treasury Constant Maturity Rate + 5.694%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 11/15/26 | &nbsp;&nbsp; 685000<br>| &nbsp;&nbsp;&nbsp; 684194<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Junior Subordinated Notes (6.750% to 2/15/36 then 5 year <br> Treasury Constant Maturity Rate + 2.475%) | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 2/15/56 | &nbsp;&nbsp; 910000<br>| &nbsp;&nbsp;&nbsp; 908623<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 2/1/29 | &nbsp;&nbsp; 1180000<br>| &nbsp;&nbsp;&nbsp; 1189433<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 11/15/29 | &nbsp;&nbsp; 961000<br>| &nbsp;&nbsp;&nbsp; 1069222<br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 5/15/34 | &nbsp;&nbsp; 520000<br>| &nbsp;&nbsp;&nbsp; 529680<br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 6/15/38 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 121680<br>|
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 2/15/42 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 270589<br>|
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Senior Notes | &nbsp;&nbsp; 3.300% | &nbsp;&nbsp; 2/15/53 | &nbsp;&nbsp; 720000<br>| &nbsp;&nbsp;&nbsp; 476224<br>|
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Senior Notes (3 mo. Term SOFR + 3.248%) | &nbsp;&nbsp; 6.900% | &nbsp;&nbsp; 8/16/77 | &nbsp;&nbsp; 2020000<br>| &nbsp;&nbsp;&nbsp; 2019307<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Senior Notes (5.375% to 2/15/28 then 3 mo. <br> Term SOFR + 2.832%) | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 2/15/78 | &nbsp;&nbsp; 1840000<br>| &nbsp;&nbsp;&nbsp; 1828261<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Florida Gas Transmission Co. LLC, Senior Notes | &nbsp;&nbsp; 2.300% | &nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp; 1640000<br>| &nbsp;&nbsp;&nbsp; 1443828<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Florida Gas Transmission Co. LLC, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 7/15/35 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 502979<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Granite Ridge Resources Inc., Senior Notes | &nbsp;&nbsp; 8.875% | &nbsp;&nbsp; 11/5/29 | &nbsp;&nbsp; 1770000<br>| &nbsp;&nbsp;&nbsp; 1702519<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Greensaif Pipelines Bidco Sarl, Senior Secured Notes | &nbsp;&nbsp; 5.853% | &nbsp;&nbsp; 2/23/36 | &nbsp;&nbsp; 940000<br>| &nbsp;&nbsp;&nbsp; 944407<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; KazMunayGas National Co. JSC, Senior Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 4/14/33 | &nbsp;&nbsp; 780000<br>| &nbsp;&nbsp;&nbsp; 700845<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kinder Morgan Energy Partners LP, Senior Notes | &nbsp;&nbsp; 7.300% | &nbsp;&nbsp; 8/15/33 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 440491<br>|
| &nbsp;&nbsp;&nbsp; New Generation Gas Gathering LLC, Senior Secured Notes (3 mo. Term SOFR + <br> 5.750%) | &nbsp;&nbsp; 9.410% | &nbsp;&nbsp; 9/30/29 | &nbsp;&nbsp; 2260811<br>| &nbsp;&nbsp;&nbsp; 2351282<br> <sup>(a)(e)(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp., Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 9/15/31 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 1138179<br>|
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp., Senior Notes | &nbsp;&nbsp; 7.950% | &nbsp;&nbsp; 6/15/39 | &nbsp;&nbsp; 860000<br>| &nbsp;&nbsp;&nbsp; 1008473<br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 6.900% | &nbsp;&nbsp; 3/19/49 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 240554<br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/10/51 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 552192<br>|
| &nbsp;&nbsp;&nbsp; Plains All American Pipeline LP, Junior Subordinated Notes (3 mo. Term SOFR + <br> 4.372%) | &nbsp;&nbsp; 8.024% | &nbsp;&nbsp; 4/30/26 | &nbsp;&nbsp; 2272000<br>| &nbsp;&nbsp;&nbsp; 2267842<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Plains All American Pipeline LP/PAA Finance Corp., Senior Notes | &nbsp;&nbsp; 6.700% | &nbsp;&nbsp; 5/15/36 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 160708<br>|
| &nbsp;&nbsp;&nbsp; Sunoco LP, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 1130000<br>| &nbsp;&nbsp;&nbsp; 1125614<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp., Senior Notes | &nbsp;&nbsp; 4.200% | &nbsp;&nbsp; 2/1/33 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 378891<br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 3/30/34 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 454173<br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/15/35 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 171580<br>|
| &nbsp;&nbsp;&nbsp; Transcontinental Gas Pipe Line Co. LLC, Senior Notes | &nbsp;&nbsp; 5.100% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 208227<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* |
| &nbsp;&nbsp;&nbsp; Transcontinental Gas Pipe Line Co. LLC, Senior Notes | &nbsp;&nbsp; 4.450% | &nbsp;&nbsp; 8/1/42 | &nbsp;&nbsp; 960000<br>| &nbsp;&nbsp;&nbsp; $826581<br>|
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 392127<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Viper Energy Partners LLC, Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 8/1/35 | &nbsp;&nbsp; 890000<br>| &nbsp;&nbsp;&nbsp; 897480<br>|
| &nbsp;&nbsp;&nbsp; Western Midstream Operating LP, Senior Notes | &nbsp;&nbsp; 4.050% | &nbsp;&nbsp; 2/1/30 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 87426<br>|
| &nbsp;&nbsp;&nbsp; Western Midstream Operating LP, Senior Notes | &nbsp;&nbsp; 6.150% | &nbsp;&nbsp; 4/1/33 | &nbsp;&nbsp; 30000<br>| &nbsp;&nbsp;&nbsp; 31327<br>|
| &nbsp;&nbsp;&nbsp; Western Midstream Operating LP, Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 4/1/44 | &nbsp;&nbsp; 1100000<br>| &nbsp;&nbsp;&nbsp; 980315<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos. Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 9/30/35 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 449784<br>|
| *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | &nbsp;&nbsp; *36199946* |
| **Total Energy** | **Total Energy** | **Total Energy** | **Total Energy** | &nbsp;&nbsp; **38955866** |
| **Financials — 29.3%** | **Financials — 29.3%** | **Financials — 29.3%** | **Financials — 29.3%** | **Financials — 29.3%** |
| *Banks — 13.1%* | *Banks — 13.1%* | *Banks — 13.1%* | *Banks — 13.1%* | *Banks — 13.1%* |
| &nbsp;&nbsp;&nbsp; Banco Santander SA, Junior Subordinated Notes (9.625% to 11/21/33 then 5 year <br> Treasury Constant Maturity Rate + 5.298%) | &nbsp;&nbsp; 9.625% | &nbsp;&nbsp; 5/21/33 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 1154993<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco Santander SA, Senior Notes | &nbsp;&nbsp; 4.551% | &nbsp;&nbsp; 11/6/30 | &nbsp;&nbsp; 2400000<br>| &nbsp;&nbsp;&nbsp; 2366653<br>|
| &nbsp;&nbsp;&nbsp; Banco Santander SA, Senior Notes | &nbsp;&nbsp; 5.439% | &nbsp;&nbsp; 7/15/31 | &nbsp;&nbsp; 800000<br>| &nbsp;&nbsp;&nbsp; 823117<br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (2.299% to 7/21/31 then SOFR + 1.220%) | &nbsp;&nbsp; 2.299% | &nbsp;&nbsp; 7/21/32 | &nbsp;&nbsp; 1370000<br>| &nbsp;&nbsp;&nbsp; 1209813<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (2.572% to 10/20/31 then SOFR + 1.210%) | &nbsp;&nbsp; 2.572% | &nbsp;&nbsp; 10/20/32 | &nbsp;&nbsp; 1170000<br>| &nbsp;&nbsp;&nbsp; 1041361<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (2.676% to 6/19/40 then SOFR + 1.930%) | &nbsp;&nbsp; 2.676% | &nbsp;&nbsp; 6/19/41 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 243872<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (2.687% to 4/22/31 then SOFR + 1.320%) | &nbsp;&nbsp; 2.687% | &nbsp;&nbsp; 4/22/32 | &nbsp;&nbsp; 1100000<br>| &nbsp;&nbsp;&nbsp; 997198<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (2.831% to 10/24/50 then SOFR + 1.880%) | &nbsp;&nbsp; 2.831% | &nbsp;&nbsp; 10/24/51 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 159355<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (4.330% to 3/15/49 then 3 mo. Term SOFR + <br> 1.782%) | &nbsp;&nbsp; 4.330% | &nbsp;&nbsp; 3/15/50 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 113586<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (4.443% to 1/20/47 then 3 mo. Term SOFR + <br> 2.252%) | &nbsp;&nbsp; 4.443% | &nbsp;&nbsp; 1/20/48 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 75643<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (5.045% to 2/6/36 then SOFR + 1.130%) | &nbsp;&nbsp; 5.045% | &nbsp;&nbsp; 2/6/37 | &nbsp;&nbsp; 1070000<br>| &nbsp;&nbsp;&nbsp; 1056195<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (5.511% to 1/24/35 then SOFR + 1.310%) | &nbsp;&nbsp; 5.511% | &nbsp;&nbsp; 1/24/36 | &nbsp;&nbsp; 2610000<br>| &nbsp;&nbsp;&nbsp; 2662551<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Subordinated Notes (2.482% to 9/21/31 then 5 year <br> Treasury Constant Maturity Rate + 1.200%) | &nbsp;&nbsp; 2.482% | &nbsp;&nbsp; 9/21/36 | &nbsp;&nbsp; 1580000<br>| &nbsp;&nbsp;&nbsp; 1367202<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Subordinated Notes (5.518% to 10/25/34 then SOFR + <br> 1.738%) | &nbsp;&nbsp; 5.518% | &nbsp;&nbsp; 10/25/35 | &nbsp;&nbsp; 3290000<br>| &nbsp;&nbsp;&nbsp; 3291080<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia, Junior Subordinated Notes (8.625% to 10/27/27 then 5 year <br> Treasury Constant Maturity Rate + 4.389%) | &nbsp;&nbsp; 8.625% | &nbsp;&nbsp; 10/27/82 | &nbsp;&nbsp; 870000<br>| &nbsp;&nbsp;&nbsp; 904817<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Barclays PLC, Senior Notes (5.785% to 2/25/35 then SOFR + 1.590%) | &nbsp;&nbsp; 5.785% | &nbsp;&nbsp; 2/25/36 | &nbsp;&nbsp; 480000<br>| &nbsp;&nbsp;&nbsp; 485555<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico, <br> Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 9/10/29 | &nbsp;&nbsp; 2350000<br>| &nbsp;&nbsp;&nbsp; 2365745<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, Junior Subordinated Notes (6.875% to 12/15/33 then 5 year <br> Treasury Constant Maturity Rate + 2.853%) | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 12/15/33 | &nbsp;&nbsp; 950000<br>| &nbsp;&nbsp;&nbsp; 918508<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, Junior Subordinated Notes (7.750% to 8/16/29 then 5 year <br> Treasury Constant Maturity Rate + 4.899%) | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 8/16/29 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp; 567822<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, Junior Subordinated Notes (9.250% to 11/17/27 then 5 year <br> Treasury Constant Maturity Rate + 4.969%) | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 11/17/27 | &nbsp;&nbsp; 1250000<br>| &nbsp;&nbsp;&nbsp; 1307868<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 7/15/39 | &nbsp;&nbsp; 407000<br>| &nbsp;&nbsp;&nbsp; 507231<br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Senior Notes (2.561% to 5/1/31 then SOFR + 1.167%) | &nbsp;&nbsp; 2.561% | &nbsp;&nbsp; 5/1/32 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 322165<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Senior Notes (4.503% to 9/11/30 then SOFR + 1.171%) | &nbsp;&nbsp; 4.503% | &nbsp;&nbsp; 9/11/31 | &nbsp;&nbsp; 1710000<br>| &nbsp;&nbsp;&nbsp; 1690968<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Senior Notes (5.333% to 3/27/35 then SOFR + 1.465%) | &nbsp;&nbsp; 5.333% | &nbsp;&nbsp; 3/27/36 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 160544<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Credit Agricole SA, Senior Notes (4.818% to 9/25/32 then SOFR + 1.360%) | &nbsp;&nbsp; 4.818% | &nbsp;&nbsp; 9/25/33 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 352816<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Credit Agricole SA, Senior Notes (5.261% to 1/12/36 then SOFR + 1.430%) | &nbsp;&nbsp; 5.261% | &nbsp;&nbsp; 1/12/37 | &nbsp;&nbsp; 1940000<br>| &nbsp;&nbsp;&nbsp; 1898759<br> <sup>(a)(e)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Banks — continued* | *Banks — continued* | *Banks — continued* | *Banks — continued* | *Banks — continued* |
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (2.357% to 8/18/30 then SOFR + 1.947%) | &nbsp;&nbsp; 2.357% | &nbsp;&nbsp; 8/18/31 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; $505267<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (2.871% to 11/22/31 then SOFR + 1.410%) | &nbsp;&nbsp; 2.871% | &nbsp;&nbsp; 11/22/32 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 268537<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (5.133% to 11/6/35 then SOFR + 1.430%) | &nbsp;&nbsp; 5.133% | &nbsp;&nbsp; 11/6/36 | &nbsp;&nbsp; 740000<br>| &nbsp;&nbsp;&nbsp; 724156<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (5.279% to 3/10/36 then SOFR + 1.550%) | &nbsp;&nbsp; 5.279% | &nbsp;&nbsp; 3/10/37 | &nbsp;&nbsp; 1150000<br>| &nbsp;&nbsp;&nbsp; 1129775<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (5.286% to 11/19/29 then SOFR + 1.290%) | &nbsp;&nbsp; 5.286% | &nbsp;&nbsp; 11/19/30 | &nbsp;&nbsp; 1560000<br>| &nbsp;&nbsp;&nbsp; 1588638<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (5.450% to 3/3/35 then SOFR + 1.560%) | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 3/3/36 | &nbsp;&nbsp; 1190000<br>| &nbsp;&nbsp;&nbsp; 1193943<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Huntington Bancshares Inc., Subordinated Notes (5.605% to 1/28/36 then 5 year <br> Treasury Constant Maturity Rate + 1.350%) | &nbsp;&nbsp; 5.605% | &nbsp;&nbsp; 1/28/41 | &nbsp;&nbsp; 1560000<br>| &nbsp;&nbsp;&nbsp; 1523144<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Junior Subordinated Notes (6.500% to 4/1/30 then 5 year <br> Treasury Constant Maturity Rate + 2.152%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 4/1/30 | &nbsp;&nbsp; 1320000<br>| &nbsp;&nbsp;&nbsp; 1355264<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (3.964% to 11/15/47 then 3 mo. Term SOFR + <br> 1.642%) | &nbsp;&nbsp; 3.964% | &nbsp;&nbsp; 11/15/48 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 310597<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (4.260% to 2/22/47 then 3 mo. Term SOFR + <br> 1.842%) | &nbsp;&nbsp; 4.260% | &nbsp;&nbsp; 2/22/48 | &nbsp;&nbsp; 720000<br>| &nbsp;&nbsp;&nbsp; 589133<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (4.586% to 4/26/32 then SOFR + 1.800%) | &nbsp;&nbsp; 4.586% | &nbsp;&nbsp; 4/26/33 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 690951<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (4.810% to 10/22/35 then SOFR + 1.190%) | &nbsp;&nbsp; 4.810% | &nbsp;&nbsp; 10/22/36 | &nbsp;&nbsp; 1390000<br>| &nbsp;&nbsp;&nbsp; 1350151<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (4.898% to 1/22/36 then SOFR + 1.070%) | &nbsp;&nbsp; 4.898% | &nbsp;&nbsp; 1/22/37 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp; 538387<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (5.294% to 7/22/34 then SOFR + 1.460%) | &nbsp;&nbsp; 5.294% | &nbsp;&nbsp; 7/22/35 | &nbsp;&nbsp; 1860000<br>| &nbsp;&nbsp;&nbsp; 1883660<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (5.502% to 1/24/35 then SOFR + 1.315%) | &nbsp;&nbsp; 5.502% | &nbsp;&nbsp; 1/24/36 | &nbsp;&nbsp; 1660000<br>| &nbsp;&nbsp;&nbsp; 1699664<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (5.534% to 11/29/44 then SOFR + 1.550%) | &nbsp;&nbsp; 5.534% | &nbsp;&nbsp; 11/29/45 | &nbsp;&nbsp; 1250000<br>| &nbsp;&nbsp;&nbsp; 1228553<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (5.766% to 4/22/34 then SOFR + 1.490%) | &nbsp;&nbsp; 5.766% | &nbsp;&nbsp; 4/22/35 | &nbsp;&nbsp; 1860000<br>| &nbsp;&nbsp;&nbsp; 1937971<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (6.254% to 10/23/33 then SOFR + 1.810%) | &nbsp;&nbsp; 6.254% | &nbsp;&nbsp; 10/23/34 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 666834<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Subordinated Notes (2.956% to 5/13/30 then 3 mo. Term <br> SOFR + 2.515%) | &nbsp;&nbsp; 2.956% | &nbsp;&nbsp; 5/13/31 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 354163<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC, Junior Subordinated Notes (6.750% to 6/27/26 then 5 <br> year Treasury Constant Maturity Rate + 4.815%) | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 6/27/26 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 454113<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC, Senior Notes (4.943% to 11/4/35 then 1 year Treasury <br> Constant Maturity Rate + 0.970%) | &nbsp;&nbsp; 4.943% | &nbsp;&nbsp; 11/4/36 | &nbsp;&nbsp; 900000<br>| &nbsp;&nbsp;&nbsp; 869019<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; NatWest Group PLC, Senior Notes (5.115% to 5/23/30 then 1 year Treasury <br> Constant Maturity Rate + 1.050%) | &nbsp;&nbsp; 5.115% | &nbsp;&nbsp; 5/23/31 | &nbsp;&nbsp; 1300000<br>| &nbsp;&nbsp;&nbsp; 1313417<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp, Junior Subordinated Notes (6.300% to 3/25/32 then 5 year <br> Treasury Constant Maturity Rate + 2.660%) | &nbsp;&nbsp; 6.300% | &nbsp;&nbsp; 9/25/31 | &nbsp;&nbsp; 940000<br>| &nbsp;&nbsp;&nbsp; 935640<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc., Subordinated Notes (5.423% to 1/25/36 then 5 <br> year Treasury Constant Maturity Rate + 1.170%) | &nbsp;&nbsp; 5.423% | &nbsp;&nbsp; 1/25/41 | &nbsp;&nbsp; 2100000<br>| &nbsp;&nbsp;&nbsp; 2058181<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank, Junior Subordinated Notes (8.125% to 10/31/27 then 5 <br> year Treasury Constant Maturity Rate + 4.075%) | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 10/31/82 | &nbsp;&nbsp; 1170000<br>| &nbsp;&nbsp;&nbsp; 1207757<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Truist Financial Corp., Senior Notes (4.964% to 10/23/35 then SOFR + 1.395%) | &nbsp;&nbsp; 4.964% | &nbsp;&nbsp; 10/23/36 | &nbsp;&nbsp; 790000<br>| &nbsp;&nbsp;&nbsp; 765514<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; US Bancorp, Senior Notes (5.033% to 1/26/36 then SOFR + 1.101%) | &nbsp;&nbsp; 5.033% | &nbsp;&nbsp; 1/26/37 | &nbsp;&nbsp; 2730000<br>| &nbsp;&nbsp;&nbsp; 2690869<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Junior Subordinated Notes (6.125% to 6/15/31 then 5 year <br> Treasury Constant Maturity Rate + 2.340%) | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 6/15/31 | &nbsp;&nbsp; 1440000<br>| &nbsp;&nbsp;&nbsp; 1445801<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (4.611% to 4/25/52 then SOFR + 2.130%) | &nbsp;&nbsp; 4.611% | &nbsp;&nbsp; 4/25/53 | &nbsp;&nbsp; 1650000<br>| &nbsp;&nbsp;&nbsp; 1369283<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (4.960% to 1/23/36 then SOFR + 1.100%) | &nbsp;&nbsp; 4.960% | &nbsp;&nbsp; 1/23/37 | &nbsp;&nbsp; 740000<br>| &nbsp;&nbsp;&nbsp; 721141<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (5.150% to 4/23/30 then SOFR + 1.500%) | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 4/23/31 | &nbsp;&nbsp; 1450000<br>| &nbsp;&nbsp;&nbsp; 1475043<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (5.211% to 12/3/34 then SOFR + 1.380%) | &nbsp;&nbsp; 5.211% | &nbsp;&nbsp; 12/3/35 | &nbsp;&nbsp; 1970000<br>| &nbsp;&nbsp;&nbsp; 1962161<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (5.389% to 4/24/33 then SOFR + 2.020%) | &nbsp;&nbsp; 5.389% | &nbsp;&nbsp; 4/24/34 | &nbsp;&nbsp; 1141000<br>| &nbsp;&nbsp;&nbsp; 1158463<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (5.605% to 4/23/35 then SOFR + 1.740%) | &nbsp;&nbsp; 5.605% | &nbsp;&nbsp; 4/23/36 | &nbsp;&nbsp; 1330000<br>| &nbsp;&nbsp;&nbsp; 1361507<br> <sup>(e)</sup><br>|
| *Total Banks* | *Total Banks* | *Total Banks* | *Total Banks* | &nbsp;&nbsp; *67372114* |

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Capital Markets — 7.8%* | *Capital Markets — 7.8%* | *Capital Markets — 7.8%* | *Capital Markets — 7.8%* | *Capital Markets — 7.8%* |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/1/30 | &nbsp;&nbsp; 2260000<br>| &nbsp;&nbsp;&nbsp; $2221079<br>|
| &nbsp;&nbsp;&nbsp; Ares Management Corp., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 10/11/54 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 61717<br>|
| &nbsp;&nbsp;&nbsp; Carlyle Group Inc., Senior Notes | &nbsp;&nbsp; 5.050% | &nbsp;&nbsp; 9/19/35 | &nbsp;&nbsp; 850000<br>| &nbsp;&nbsp;&nbsp; 820918<br>|
| &nbsp;&nbsp;&nbsp; CI Financial Corp., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 5/30/29 | &nbsp;&nbsp; 2070000<br>| &nbsp;&nbsp;&nbsp; 2173354<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Credit Suisse AG AT1 Claim | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 22790000<br>| &nbsp;&nbsp;&nbsp; 0<br> \*<sup>(f)(g)(h)</sup><br>|
| &nbsp;&nbsp;&nbsp; Daimler Truck Finance North America LLC, Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 1/18/34 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 562733<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Depository Trust Co., Senior Notes | &nbsp;&nbsp; 4.300% | &nbsp;&nbsp; 3/27/29 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 250238<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Depository Trust Co., Senior Notes | &nbsp;&nbsp; 4.550% | &nbsp;&nbsp; 3/27/31 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 250620<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Junior Subordinated Notes (6.850% to 2/10/30 then 5 <br> year Treasury Constant Maturity Rate + 2.461%) | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 2/10/30 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 703757<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes (5.016% to 10/23/34 then SOFR + 1.420%) | &nbsp;&nbsp; 5.016% | &nbsp;&nbsp; 10/23/35 | &nbsp;&nbsp; 5340000<br>| &nbsp;&nbsp;&nbsp; 5243030<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes (5.065% to 1/21/36 then SOFR + 1.190%) | &nbsp;&nbsp; 5.065% | &nbsp;&nbsp; 1/21/37 | &nbsp;&nbsp; 2170000<br>| &nbsp;&nbsp;&nbsp; 2122357<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes (5.536% to 1/28/35 then SOFR + 1.380%) | &nbsp;&nbsp; 5.536% | &nbsp;&nbsp; 1/28/36 | &nbsp;&nbsp; 770000<br>| &nbsp;&nbsp;&nbsp; 783028<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes (5.851% to 4/25/34 then SOFR + 1.552%) | &nbsp;&nbsp; 5.851% | &nbsp;&nbsp; 4/25/35 | &nbsp;&nbsp; 1060000<br>| &nbsp;&nbsp;&nbsp; 1100300<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Subordinated Notes (5.387% to 2/2/36 then 5 year <br> Treasury Constant Maturity Rate + 1.180%) | &nbsp;&nbsp; 5.387% | &nbsp;&nbsp; 2/2/41 | &nbsp;&nbsp; 2180000<br>| &nbsp;&nbsp;&nbsp; 2107007<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (3.217% to 4/22/41 then SOFR + 1.485%) | &nbsp;&nbsp; 3.217% | &nbsp;&nbsp; 4/22/42 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 226382<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (4.892% to 10/22/35 then SOFR + 1.314%) | &nbsp;&nbsp; 4.892% | &nbsp;&nbsp; 10/22/36 | &nbsp;&nbsp; 2450000<br>| &nbsp;&nbsp;&nbsp; 2369379<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (5.073% to 1/30/36 then SOFR + 1.184%) | &nbsp;&nbsp; 5.073% | &nbsp;&nbsp; 1/30/37 | &nbsp;&nbsp; 2135000<br>| &nbsp;&nbsp;&nbsp; 2092500<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (5.320% to 7/19/34 then SOFR + 1.555%) | &nbsp;&nbsp; 5.320% | &nbsp;&nbsp; 7/19/35 | &nbsp;&nbsp; 1400000<br>| &nbsp;&nbsp;&nbsp; 1405323<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (5.516% to 11/19/54 then SOFR + 1.710%) | &nbsp;&nbsp; 5.516% | &nbsp;&nbsp; 11/19/55 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 152026<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (5.587% to 1/18/35 then SOFR + 1.418%) | &nbsp;&nbsp; 5.587% | &nbsp;&nbsp; 1/18/36 | &nbsp;&nbsp; 1170000<br>| &nbsp;&nbsp;&nbsp; 1193260<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (5.664% to 4/17/35 then SOFR + 1.757%) | &nbsp;&nbsp; 5.664% | &nbsp;&nbsp; 4/17/36 | &nbsp;&nbsp; 670000<br>| &nbsp;&nbsp;&nbsp; 686497<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Subordinated Notes (2.484% to 9/16/31 then SOFR + 1.360%) | &nbsp;&nbsp; 2.484% | &nbsp;&nbsp; 9/16/36 | &nbsp;&nbsp; 3300000<br>| &nbsp;&nbsp;&nbsp; 2840529<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Subordinated Notes (5.314% to 1/18/36 then 5 year Treasury <br> Constant Maturity Rate + 1.170%) | &nbsp;&nbsp; 5.314% | &nbsp;&nbsp; 1/18/41 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1931616<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Subordinated Notes (5.942% to 2/7/34 then 5 year Treasury <br> Constant Maturity Rate + 1.800%) | &nbsp;&nbsp; 5.942% | &nbsp;&nbsp; 2/7/39 | &nbsp;&nbsp; 770000<br>| &nbsp;&nbsp;&nbsp; 787472<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nuveen LLC, Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 4/15/34 | &nbsp;&nbsp; 870000<br>| &nbsp;&nbsp;&nbsp; 899195<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Raymond James Financial Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 9/11/55 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 331626<br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (7.000% to 7/8/36 then USISSO05 + <br> 3.321%) | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 1/8/36 | &nbsp;&nbsp; 1100000<br>| &nbsp;&nbsp;&nbsp; 1063921<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (7.125% to 2/10/35 then USD 5 year <br> SOFR ICE Swap Rate + 3.179%) | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 8/10/34 | &nbsp;&nbsp; 1050000<br>| &nbsp;&nbsp;&nbsp; 1032806<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (9.250% to 11/13/28 then 5 year <br> Treasury Constant Maturity Rate + 4.745%) | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 11/13/28 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 650538<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (9.250% to 11/13/33 then 5 year <br> Treasury Constant Maturity Rate + 4.758%) | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 11/13/33 | &nbsp;&nbsp; 930000<br>| &nbsp;&nbsp;&nbsp; 1047737<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Senior Notes (5.010% to 3/23/36 then SOFR + 1.340%) | &nbsp;&nbsp; 5.010% | &nbsp;&nbsp; 3/23/37 | &nbsp;&nbsp; 890000<br>| &nbsp;&nbsp;&nbsp; 861025<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Senior Notes (5.199% to 8/10/36 then SOFR + 1.340%) | &nbsp;&nbsp; 5.199% | &nbsp;&nbsp; 8/10/37 | &nbsp;&nbsp; 1870000<br>| &nbsp;&nbsp;&nbsp; 1827268<br> <sup>(a)(e)</sup><br>|
| *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | &nbsp;&nbsp; *39799238* |
| *Consumer Finance — 1.2%* | *Consumer Finance — 1.2%* | *Consumer Finance — 1.2%* | *Consumer Finance — 1.2%* | *Consumer Finance — 1.2%* |
| &nbsp;&nbsp;&nbsp; American Express Co., Senior Notes (4.918% to 7/20/32 then SOFR + 1.220%) | &nbsp;&nbsp; 4.918% | &nbsp;&nbsp; 7/20/33 | &nbsp;&nbsp; 1450000<br>| &nbsp;&nbsp;&nbsp; 1453160<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; American Express Co., Senior Notes (5.667% to 4/25/35 then SOFR + 1.790%) | &nbsp;&nbsp; 5.667% | &nbsp;&nbsp; 4/25/36 | &nbsp;&nbsp; 1200000<br>| &nbsp;&nbsp;&nbsp; 1240764<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Midcap Financial Issuer Trust, Junior Subordinated Notes (3 mo. Term SOFR + <br> 3.750%) | &nbsp;&nbsp; 7.422% | &nbsp;&nbsp; 1/15/56 | &nbsp;&nbsp; 1110000<br>| &nbsp;&nbsp;&nbsp; 1042866<br> <sup>(a)(e)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Consumer Finance — continued* | *Consumer Finance — continued* | *Consumer Finance — continued* | *Consumer Finance — continued* | *Consumer Finance — continued* |
| &nbsp;&nbsp;&nbsp; Midcap Financial Issuer Trust, Senior Notes | &nbsp;&nbsp; 5.370% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 2540000<br>| &nbsp;&nbsp;&nbsp; $2509276<br> <sup>(a)</sup><br>|
| *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | &nbsp;&nbsp; *6246066* |
| *Financial Services — 3.3%* | *Financial Services — 3.3%* | *Financial Services — 3.3%* | *Financial Services — 3.3%* | *Financial Services — 3.3%* |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes | &nbsp;&nbsp; 3.850% | &nbsp;&nbsp; 10/29/41 | &nbsp;&nbsp; 1540000<br>| &nbsp;&nbsp;&nbsp; 1227724<br>|
| &nbsp;&nbsp;&nbsp; Apollo Global Management Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 3/30/36 | &nbsp;&nbsp; 1940000<br>| &nbsp;&nbsp;&nbsp; 1942733<br>|
| &nbsp;&nbsp;&nbsp; Citadel Securities Global Holdings LLC, Senior Secured Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 1/27/32 | &nbsp;&nbsp; 810000<br>| &nbsp;&nbsp;&nbsp; 803978<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ILFC E-Capital Trust I, Ltd. GTD | &nbsp;&nbsp; 6.380% | &nbsp;&nbsp; 12/21/65 | &nbsp;&nbsp; 5594000<br>| &nbsp;&nbsp;&nbsp; 4769819<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; ILFC E-Capital Trust II, Ltd. GTD | &nbsp;&nbsp; 6.630% | &nbsp;&nbsp; 12/21/65 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 227146<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance Inc., Senior Secured Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 4/30/31 | &nbsp;&nbsp; 1040000<br>| &nbsp;&nbsp;&nbsp; 1069709<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance Inc., Senior Secured Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 11/1/32 | &nbsp;&nbsp; 1090000<br>| &nbsp;&nbsp;&nbsp; 1078831<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 11/17/28 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 377387<br>|
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 3/15/35 | &nbsp;&nbsp; 1400000<br>| &nbsp;&nbsp;&nbsp; 1390110<br>|
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/15/35 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 448433<br>|
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc., Senior Notes | &nbsp;&nbsp; 2.875% | &nbsp;&nbsp; 10/15/26 | &nbsp;&nbsp; 890000<br>| &nbsp;&nbsp;&nbsp; 880866<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vanguard Group Inc. | &nbsp;&nbsp; 3.250% | &nbsp;&nbsp; 8/22/60 | &nbsp;&nbsp; 5000000<br>| &nbsp;&nbsp;&nbsp; 2890386<br>|
| *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | &nbsp;&nbsp; *17107122* |
| *Insurance — 3.5%* | *Insurance — 3.5%* | *Insurance — 3.5%* | *Insurance — 3.5%* | *Insurance — 3.5%* |
| &nbsp;&nbsp;&nbsp; Allianz SE, Junior Subordinated Notes (6.550% to 4/30/34 then 5 year Treasury <br> Constant Maturity Rate + 2.317%) | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 10/30/33 | &nbsp;&nbsp; 600000<br>| &nbsp;&nbsp;&nbsp; 601366<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Aon North America Inc., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 3/1/34 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 40866<br>|
| &nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 12/31/32 | &nbsp;&nbsp; 590000<br>| &nbsp;&nbsp;&nbsp; 612590<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 233177<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Athene Holding Ltd., Junior Subordinated Notes (6.875% to 6/28/35 then 5 year <br> Treasury Constant Maturity Rate + 2.582%) | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 6/28/55 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 505147<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dai-ichi Life Insurance Co. Ltd., Subordinated Notes (6.200% to 1/16/35 then 5 year <br> Treasury Constant Maturity Rate + 2.515%) | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 1/16/35 | &nbsp;&nbsp; 1060000<br>| &nbsp;&nbsp;&nbsp; 1066727<br> <sup>(a)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Global Atlantic Fin Co., Senior Notes (7.250% to 3/1/31 then 5 year Treasury <br> Constant Maturity Rate + 3.550%) | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 3/1/56 | &nbsp;&nbsp; 1230000<br>| &nbsp;&nbsp;&nbsp; 1160422<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Loews Corp., Senior Notes | &nbsp;&nbsp; 4.940% | &nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 489639<br>|
| &nbsp;&nbsp;&nbsp; Manulife Financial Corp., Senior Notes | &nbsp;&nbsp; 4.986% | &nbsp;&nbsp; 12/11/35 | &nbsp;&nbsp; 2170000<br>| &nbsp;&nbsp;&nbsp; 2120893<br>|
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos. Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/15/35 | &nbsp;&nbsp; 1140000<br>| &nbsp;&nbsp;&nbsp; 1135751<br>|
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos. Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; 644201<br>|
| &nbsp;&nbsp;&nbsp; Massachusetts Mutual Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 3.375% | &nbsp;&nbsp; 4/15/50 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 169369<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Massachusetts Mutual Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 4/1/77 | &nbsp;&nbsp; 670000<br>| &nbsp;&nbsp;&nbsp; 530266<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Meiji Yasuda Life Insurance Co., Subordinated Notes (6.100% to 6/11/35 then 5 <br> year Treasury Constant Maturity Rate + 2.911%) | &nbsp;&nbsp; 6.100% | &nbsp;&nbsp; 6/11/55 | &nbsp;&nbsp; 1890000<br>| &nbsp;&nbsp;&nbsp; 1898369<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; MetLife Inc., Subordinated Notes (5.850% to 3/15/36 then 5 year Treasury Constant <br> Maturity Rate + 1.817%) | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 3/15/56 | &nbsp;&nbsp; 1530000<br>| &nbsp;&nbsp;&nbsp; 1502463<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; MetLife Inc., Subordinated Notes (6.350% to 3/15/35 then 5 year Treasury Constant <br> Maturity Rate + 2.078%) | &nbsp;&nbsp; 6.350% | &nbsp;&nbsp; 3/15/55 | &nbsp;&nbsp; 820000<br>| &nbsp;&nbsp;&nbsp; 832477<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 5/15/50 | &nbsp;&nbsp; 730000<br>| &nbsp;&nbsp;&nbsp; 529886<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nippon Life Insurance Co., Senior Notes | &nbsp;&nbsp; 4.748% | &nbsp;&nbsp; 4/2/31 | &nbsp;&nbsp; 750000<br>| &nbsp;&nbsp;&nbsp; 752154<br> <sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nippon Life Insurance Co., Subordinated Notes (3.400% to 1/23/30 then 5 year <br> Treasury Constant Maturity Rate + 2.612%) | &nbsp;&nbsp; 3.400% | &nbsp;&nbsp; 1/23/50 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 298122<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nippon Life Insurance Co., Subordinated Notes (6.500% to 4/30/35 then 5 year <br> Treasury Constant Maturity Rate + 3.189%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 4/30/55 | &nbsp;&nbsp; 850000<br>| &nbsp;&nbsp;&nbsp; 878846<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 3.850% | &nbsp;&nbsp; 9/30/47 | &nbsp;&nbsp; 660000<br>| &nbsp;&nbsp;&nbsp; 505108<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Insurance — continued* | *Insurance — continued* | *Insurance — continued* | *Insurance — continued* | *Insurance — continued* |
| &nbsp;&nbsp;&nbsp; Reinsurance Group of America Inc., Subordinated Notes (6.375% to 9/15/36 then 5 <br> year Treasury Constant Maturity Rate + 2.344%) | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 9/15/56 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; $483506<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Teachers Insurance & Annuity Association of America, Subordinated Notes | &nbsp;&nbsp; 4.270% | &nbsp;&nbsp; 5/15/47 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 136809<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wynnton Funding Trust II, Senior Notes | &nbsp;&nbsp; 5.991% | &nbsp;&nbsp; 8/15/55 | &nbsp;&nbsp; 740000<br>| &nbsp;&nbsp;&nbsp; 731905<br> <sup>(a)</sup><br>|
| *Total Insurance* | *Total Insurance* | *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *17860059* |
| *Mortgage Real Estate Investment Trusts (REITs) — 0.4%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.4%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.4%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.4%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.4%* |
| &nbsp;&nbsp;&nbsp; Blackstone Holdings Finance Co. LLC, Senior Notes | &nbsp;&nbsp; 2.850% | &nbsp;&nbsp; 8/5/51 | &nbsp;&nbsp; 1980000<br>| &nbsp;&nbsp;&nbsp; 1178636<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/1/30 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 531335<br>|
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 7/15/31 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 113784<br> <sup>(a)</sup><br>|
| *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | &nbsp;&nbsp; *1823755* |
| **Total Financials** | **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **150208354** |
| **Health Care — 3.0%** | **Health Care — 3.0%** | **Health Care — 3.0%** | **Health Care — 3.0%** | **Health Care — 3.0%** |
| *Biotechnology — 0.5%* | *Biotechnology — 0.5%* | *Biotechnology — 0.5%* | *Biotechnology — 0.5%* | *Biotechnology — 0.5%* |
| &nbsp;&nbsp;&nbsp; AbbVie Inc., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 3/15/54 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 429987<br>|
| &nbsp;&nbsp;&nbsp; AbbVie Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 3/15/64 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 534428<br>|
| &nbsp;&nbsp;&nbsp; Amgen Inc., Senior Notes | &nbsp;&nbsp; 4.400% | &nbsp;&nbsp; 5/1/45 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 295429<br>|
| &nbsp;&nbsp;&nbsp; Amgen Inc., Senior Notes | &nbsp;&nbsp; 4.663% | &nbsp;&nbsp; 6/15/51 | &nbsp;&nbsp; 339000<br>| &nbsp;&nbsp;&nbsp; 284605<br>|
| &nbsp;&nbsp;&nbsp; Amgen Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 3/2/53 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 407063<br>|
| &nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/15/34 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp; 669978<br> <sup>(a)</sup><br>|
| *Total Biotechnology* | *Total Biotechnology* | *Total Biotechnology* | *Total Biotechnology* | &nbsp;&nbsp; *2621490* |
| *Health Care Equipment & Supplies — 0.2%* | *Health Care Equipment & Supplies — 0.2%* | *Health Care Equipment & Supplies — 0.2%* | *Health Care Equipment & Supplies — 0.2%* | *Health Care Equipment & Supplies — 0.2%* |
| &nbsp;&nbsp;&nbsp; Abbott Laboratories, Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 3/15/38 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 291043<br>|
| &nbsp;&nbsp;&nbsp; Solventum Corp., Senior Notes | &nbsp;&nbsp; 5.900% | &nbsp;&nbsp; 4/30/54 | &nbsp;&nbsp; 575000<br>| &nbsp;&nbsp;&nbsp; 562216<br>|
| *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | &nbsp;&nbsp; *853259* |
| *Health Care Providers & Services — 2.1%* | *Health Care Providers & Services — 2.1%* | *Health Care Providers & Services — 2.1%* | *Health Care Providers & Services — 2.1%* | *Health Care Providers & Services — 2.1%* |
| &nbsp;&nbsp;&nbsp; Centene Corp., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 12/15/29 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 256483<br>|
| &nbsp;&nbsp;&nbsp; Cigna Group, Senior Notes | &nbsp;&nbsp; 3.200% | &nbsp;&nbsp; 3/15/40 | &nbsp;&nbsp; 520000<br>| &nbsp;&nbsp;&nbsp; 403171<br>|
| &nbsp;&nbsp;&nbsp; Cigna Group, Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 2/15/54 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 284295<br>|
| &nbsp;&nbsp;&nbsp; CommonSpirit Health, Secured Notes | &nbsp;&nbsp; 4.350% | &nbsp;&nbsp; 11/1/42 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 85145<br>|
| &nbsp;&nbsp;&nbsp; CommonSpirit Health, Senior Secured Notes | &nbsp;&nbsp; 2.782% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 570465<br>|
| &nbsp;&nbsp;&nbsp; CommonSpirit Health, Senior Secured Notes | &nbsp;&nbsp; 5.318% | &nbsp;&nbsp; 12/1/34 | &nbsp;&nbsp; 1410000<br>| &nbsp;&nbsp;&nbsp; 1413024<br>|
| &nbsp;&nbsp;&nbsp; CommonSpirit Health, Senior Secured Notes | &nbsp;&nbsp; 3.910% | &nbsp;&nbsp; 10/1/50 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 398004<br>|
| &nbsp;&nbsp;&nbsp; CVS Health Corp., Junior Subordinated Notes (7.000% to 3/10/30 then 5 year <br> Treasury Constant Maturity Rate + 2.886%) | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 3/10/55 | &nbsp;&nbsp; 890000<br>| &nbsp;&nbsp;&nbsp; 917829<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; CVS Health Corp., Senior Notes | &nbsp;&nbsp; 4.780% | &nbsp;&nbsp; 3/25/38 | &nbsp;&nbsp; 460000<br>| &nbsp;&nbsp;&nbsp; 424156<br>|
| &nbsp;&nbsp;&nbsp; CVS Health Corp., Senior Notes | &nbsp;&nbsp; 5.050% | &nbsp;&nbsp; 3/25/48 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 523726<br>|
| &nbsp;&nbsp;&nbsp; CVS Health Corp., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 6/1/54 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 543796<br>|
| &nbsp;&nbsp;&nbsp; Humana Inc., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 3/1/33 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 214673<br>|
| &nbsp;&nbsp;&nbsp; Humana Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 10/1/44 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 511151<br>|
| &nbsp;&nbsp;&nbsp; Kaiser Foundation Hospitals, Senior Notes | &nbsp;&nbsp; 2.810% | &nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp; 660000<br>| &nbsp;&nbsp;&nbsp; 479825<br>|
| &nbsp;&nbsp;&nbsp; Kaiser Foundation Hospitals, Senior Notes | &nbsp;&nbsp; 4.150% | &nbsp;&nbsp; 5/1/47 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 203831<br>|
| &nbsp;&nbsp;&nbsp; Kaiser Foundation Hospitals, Senior Notes | &nbsp;&nbsp; 3.266% | &nbsp;&nbsp; 11/1/49 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 123694<br>|
| &nbsp;&nbsp;&nbsp; Kaiser Foundation Hospitals, Senior Notes | &nbsp;&nbsp; 3.002% | &nbsp;&nbsp; 6/1/51 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 205491<br>|
| &nbsp;&nbsp;&nbsp; TEAM Services Holding Inc., Senior Secured Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 2/15/33 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 598590<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 6/15/35 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 459281<br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 2.750% | &nbsp;&nbsp; 5/15/40 | &nbsp;&nbsp; 520000<br>| &nbsp;&nbsp;&nbsp; 378489<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 7/15/44 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; $366962<br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 4/15/54 | &nbsp;&nbsp; 860000<br>| &nbsp;&nbsp;&nbsp; 791564<br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 6/15/55 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 373015<br>|
| *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | &nbsp;&nbsp; *10526660* |
| *Pharmaceuticals — 0.2%* | *Pharmaceuticals — 0.2%* | *Pharmaceuticals — 0.2%* | *Pharmaceuticals — 0.2%* | *Pharmaceuticals — 0.2%* |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/22/44 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 216148<br>|
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co., Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 2/22/54 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 308343<br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 3.150% | &nbsp;&nbsp; 10/1/26 | &nbsp;&nbsp; 228000<br>| &nbsp;&nbsp;&nbsp; 225871<br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 5/9/29 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 219429<br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 4.100% | &nbsp;&nbsp; 10/1/46 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 215324<br>|
| *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | &nbsp;&nbsp; *1185115* |
| **Total Health Care** | **Total Health Care** | **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **15186524** |
| **Industrials — 8.4%** | **Industrials — 8.4%** | **Industrials — 8.4%** | **Industrials — 8.4%** | **Industrials — 8.4%** |
| *Aerospace & Defense — 3.3%* | *Aerospace & Defense — 3.3%* | *Aerospace & Defense — 3.3%* | *Aerospace & Defense — 3.3%* | *Aerospace & Defense — 3.3%* |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 10/15/32 | &nbsp;&nbsp; 2270000<br>| &nbsp;&nbsp;&nbsp; 2211822<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Boeing Co., Senior Notes | &nbsp;&nbsp; 6.528% | &nbsp;&nbsp; 5/1/34 | &nbsp;&nbsp; 2040000<br>| &nbsp;&nbsp;&nbsp; 2223110<br>|
| &nbsp;&nbsp;&nbsp; Boeing Co., Senior Notes | &nbsp;&nbsp; 3.300% | &nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 455282<br>|
| &nbsp;&nbsp;&nbsp; Boeing Co., Senior Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 2/1/50 | &nbsp;&nbsp; 1110000<br>| &nbsp;&nbsp;&nbsp; 787940<br>|
| &nbsp;&nbsp;&nbsp; Boeing Co., Senior Notes | &nbsp;&nbsp; 6.858% | &nbsp;&nbsp; 5/1/54 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp; 749003<br>|
| &nbsp;&nbsp;&nbsp; General Dynamics Corp., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 4/1/40 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 440296<br>|
| &nbsp;&nbsp;&nbsp; General Electric Co., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 1/29/36 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 200239<br>|
| &nbsp;&nbsp;&nbsp; Hexcel Corp., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 2/26/35 | &nbsp;&nbsp; 1460000<br>| &nbsp;&nbsp;&nbsp; 1499709<br>|
| &nbsp;&nbsp;&nbsp; Honeywell Aerospace Inc., Senior Notes | &nbsp;&nbsp; 4.300% | &nbsp;&nbsp; 3/16/31 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 227589<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Honeywell Aerospace Inc., Senior Notes | &nbsp;&nbsp; 5.622% | &nbsp;&nbsp; 3/16/46 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 433864<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Honeywell Aerospace Inc., Senior Notes | &nbsp;&nbsp; 5.732% | &nbsp;&nbsp; 3/16/56 | &nbsp;&nbsp; 1230000<br>| &nbsp;&nbsp;&nbsp; 1216655<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Howmet Aerospace Inc., Senior Notes | &nbsp;&nbsp; 4.850% | &nbsp;&nbsp; 10/15/31 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp; 688016<br>|
| &nbsp;&nbsp;&nbsp; Howmet Aerospace Inc., Senior Notes | &nbsp;&nbsp; 4.550% | &nbsp;&nbsp; 11/15/32 | &nbsp;&nbsp; 1250000<br>| &nbsp;&nbsp;&nbsp; 1234310<br>|
| &nbsp;&nbsp;&nbsp; Howmet Aerospace Inc., Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 4/15/36 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 243156<br>|
| &nbsp;&nbsp;&nbsp; Huntington Ingalls Industries Inc., Senior Notes | &nbsp;&nbsp; 5.749% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 642654<br>|
| &nbsp;&nbsp;&nbsp; Lockheed Martin Corp., Senior Notes | &nbsp;&nbsp; 4.150% | &nbsp;&nbsp; 6/15/53 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 229127<br>|
| &nbsp;&nbsp;&nbsp; Lockheed Martin Corp., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 11/15/54 | &nbsp;&nbsp; 910000<br>| &nbsp;&nbsp;&nbsp; 909236<br>|
| &nbsp;&nbsp;&nbsp; Lockheed Martin Corp., Senior Notes | &nbsp;&nbsp; 4.300% | &nbsp;&nbsp; 6/15/62 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 280869<br>|
| &nbsp;&nbsp;&nbsp; Northrop Grumman Corp., Senior Notes | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 546223<br>|
| &nbsp;&nbsp;&nbsp; Northrop Grumman Corp., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/1/50 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 185630<br>|
| &nbsp;&nbsp;&nbsp; RTX Corp., Senior Notes | &nbsp;&nbsp; 6.100% | &nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; 21545<br>|
| &nbsp;&nbsp;&nbsp; RTX Corp., Senior Notes | &nbsp;&nbsp; 4.050% | &nbsp;&nbsp; 5/4/47 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; 15880<br>|
| &nbsp;&nbsp;&nbsp; RTX Corp., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 11/16/48 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 340779<br>|
| &nbsp;&nbsp;&nbsp; RTX Corp., Senior Notes | &nbsp;&nbsp; 3.125% | &nbsp;&nbsp; 7/1/50 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 256676<br>|
| &nbsp;&nbsp;&nbsp; RTX Corp., Senior Notes | &nbsp;&nbsp; 3.030% | &nbsp;&nbsp; 3/15/52 | &nbsp;&nbsp; 960000<br>| &nbsp;&nbsp;&nbsp; 609979<br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *16649589* |
| *Air Freight & Logistics — 0.1%* | *Air Freight & Logistics — 0.1%* | *Air Freight & Logistics — 0.1%* | *Air Freight & Logistics — 0.1%* | *Air Freight & Logistics — 0.1%* |
| &nbsp;&nbsp;&nbsp; United Parcel Service Inc., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 5/14/55 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp; *555877*<br>|
| *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* |
| &nbsp;&nbsp;&nbsp; Rollins Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/24/35 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; 649880<br>|
| &nbsp;&nbsp;&nbsp; RR Donnelley & Sons Co., Senior Secured Notes | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 8/1/29 | &nbsp;&nbsp; 1370000<br>| &nbsp;&nbsp;&nbsp; 1387829<br> <sup>(a)</sup><br>|
| *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | &nbsp;&nbsp; *2037709* |

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Construction & Engineering — 0.3%* | *Construction & Engineering — 0.3%* | *Construction & Engineering — 0.3%* | *Construction & Engineering — 0.3%* | *Construction & Engineering — 0.3%* |
| &nbsp;&nbsp;&nbsp; AECOM, Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 8/1/33 | &nbsp;&nbsp; 1030000<br>| &nbsp;&nbsp;&nbsp; $1029821<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; LBJ Infrastructure Group LLC, Senior Secured Notes | &nbsp;&nbsp; 3.797% | &nbsp;&nbsp; 12/31/57 | &nbsp;&nbsp; 910000<br>| &nbsp;&nbsp;&nbsp; 648316<br> <sup>(a)</sup><br>|
| *Total Construction & Engineering* | *Total Construction & Engineering* | *Total Construction & Engineering* | *Total Construction & Engineering* | &nbsp;&nbsp; *1678137* |
| *Electrical Equipment — 0.8%* | *Electrical Equipment — 0.8%* | *Electrical Equipment — 0.8%* | *Electrical Equipment — 0.8%* | *Electrical Equipment — 0.8%* |
| &nbsp;&nbsp;&nbsp; Eaton Corp., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 3/6/36 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 345687<br>|
| &nbsp;&nbsp;&nbsp; Eaton Corp., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 3/6/56 | &nbsp;&nbsp; 780000<br>| &nbsp;&nbsp;&nbsp; 755590<br>|
| &nbsp;&nbsp;&nbsp; GE Vernova Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 2/4/31 | &nbsp;&nbsp; 660000<br>| &nbsp;&nbsp;&nbsp; 652789<br>|
| &nbsp;&nbsp;&nbsp; GE Vernova Inc., Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 2/4/36 | &nbsp;&nbsp; 590000<br>| &nbsp;&nbsp;&nbsp; 584982<br>|
| &nbsp;&nbsp;&nbsp; GE Vernova Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/4/56 | &nbsp;&nbsp; 430000<br>| &nbsp;&nbsp;&nbsp; 413954<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co., Senior Notes | &nbsp;&nbsp; 4.850% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 710000<br>| &nbsp;&nbsp;&nbsp; 690679<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 3/15/46 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 286343<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co., Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 3/15/56 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 288597<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 3/15/66 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 316110<br>|
| *Total Electrical Equipment* | *Total Electrical Equipment* | *Total Electrical Equipment* | *Total Electrical Equipment* | &nbsp;&nbsp; *4334731* |
| *Ground Transportation — 0.9%* | *Ground Transportation — 0.9%* | *Ground Transportation — 0.9%* | *Ground Transportation — 0.9%* | *Ground Transportation — 0.9%* |
| &nbsp;&nbsp;&nbsp; Burlington Northern Santa Fe LLC, Senior Notes | &nbsp;&nbsp; 4.400% | &nbsp;&nbsp; 3/15/42 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 448224<br>|
| &nbsp;&nbsp;&nbsp; Fedex Freight Holding Co. Inc., Senior Notes | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 570320<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fedex Freight Holding Co. Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 292700<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fedex Freight Holding Co. Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 860000<br>| &nbsp;&nbsp;&nbsp; 832364<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Norfolk Southern Railway Co., Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 5/15/43 | &nbsp;&nbsp; 348000<br>| &nbsp;&nbsp;&nbsp; 421785<br>|
| &nbsp;&nbsp;&nbsp; Uber Technologies Inc., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 9/15/35 | &nbsp;&nbsp; 940000<br>| &nbsp;&nbsp;&nbsp; 912593<br>|
| &nbsp;&nbsp;&nbsp; Union Pacific Corp., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 12/1/54 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 39232<br>|
| &nbsp;&nbsp;&nbsp; Union Pacific Corp., Senior Notes | &nbsp;&nbsp; 2.973% | &nbsp;&nbsp; 9/16/62 | &nbsp;&nbsp; 1070000<br>| &nbsp;&nbsp;&nbsp; 614619<br>|
| &nbsp;&nbsp;&nbsp; Union Pacific Corp., Senior Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 2/5/70 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 267126<br>|
| &nbsp;&nbsp;&nbsp; Union Pacific Corp., Senior Notes | &nbsp;&nbsp; 3.799% | &nbsp;&nbsp; 4/6/71 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 168810<br>|
| *Total Ground Transportation* | *Total Ground Transportation* | *Total Ground Transportation* | *Total Ground Transportation* | &nbsp;&nbsp; *4567773* |
| *Passenger Airlines — 2.4%* | *Passenger Airlines — 2.4%* | *Passenger Airlines — 2.4%* | *Passenger Airlines — 2.4%* | *Passenger Airlines — 2.4%* |
| &nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 12/15/27 | &nbsp;&nbsp; 352233<br>| &nbsp;&nbsp;&nbsp; 348185<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Alaska Airlines Pass-Through Trust | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 8/15/27 | &nbsp;&nbsp; 531888<br>| &nbsp;&nbsp;&nbsp; 532332<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust | &nbsp;&nbsp; 3.375% | &nbsp;&nbsp; 5/1/27 | &nbsp;&nbsp; 255058<br>| &nbsp;&nbsp;&nbsp; 251973<br>|
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 11/11/34 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 453171<br>|
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 5/11/38 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 605504<br>|
| &nbsp;&nbsp;&nbsp; British Airways Pass-Through Trust | &nbsp;&nbsp; 3.350% | &nbsp;&nbsp; 6/15/29 | &nbsp;&nbsp; 229230<br>| &nbsp;&nbsp;&nbsp; 222689<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Delta Air Lines Inc., Senior Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 10/28/29 | &nbsp;&nbsp; 640000<br>| &nbsp;&nbsp;&nbsp; 616332<br>|
| &nbsp;&nbsp;&nbsp; Southwest Airlines Co., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 11/15/35 | &nbsp;&nbsp; 1660000<br>| &nbsp;&nbsp;&nbsp; 1559050<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 3/1/31 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 607951<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Inc., Senior Secured Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 2860000<br>| &nbsp;&nbsp;&nbsp; 2807888<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust | &nbsp;&nbsp; 3.100% | &nbsp;&nbsp; 10/7/28 | &nbsp;&nbsp; 1342937<br>| &nbsp;&nbsp;&nbsp; 1287541<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 2322101<br>| &nbsp;&nbsp;&nbsp; 2398198<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 2/15/37 | &nbsp;&nbsp; 620232<br>| &nbsp;&nbsp;&nbsp; 639354<br>|
| *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | &nbsp;&nbsp; *12330168* |
| *Trading Companies & Distributors — 0.2%* | *Trading Companies & Distributors — 0.2%* | *Trading Companies & Distributors — 0.2%* | *Trading Companies & Distributors — 0.2%* | *Trading Companies & Distributors — 0.2%* |
| &nbsp;&nbsp;&nbsp; Air Lease Corp., Junior Subordinated Notes (6.000% to 12/15/29 then 5 year <br> Treasury Constant Maturity Rate + 2.560%) | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 9/24/29 | &nbsp;&nbsp; 960000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *928931*<br> <sup>(d)(e)</sup><br>|
| **Total Industrials** | **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **43082915** |

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| **Information Technology — 4.5%** | **Information Technology — 4.5%** | **Information Technology — 4.5%** | **Information Technology — 4.5%** | **Information Technology — 4.5%** |
| *Electronic Equipment, Instruments & Components — 0.3%* | *Electronic Equipment, Instruments & Components — 0.3%* | *Electronic Equipment, Instruments & Components — 0.3%* | *Electronic Equipment, Instruments & Components — 0.3%* | *Electronic Equipment, Instruments & Components — 0.3%* |
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 1070000<br>| &nbsp;&nbsp;&nbsp; $1035164<br>|
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 479318<br>|
| *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | &nbsp;&nbsp; *1514482* |
| *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* |
| &nbsp;&nbsp;&nbsp; APLD ComputeCo 2 LLC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *397336*<br> <sup>(a)</sup><br>|
| *Semiconductors & Semiconductor Equipment — 2.2%* | *Semiconductors & Semiconductor Equipment — 2.2%* | *Semiconductors & Semiconductor Equipment — 2.2%* | *Semiconductors & Semiconductor Equipment — 2.2%* | *Semiconductors & Semiconductor Equipment — 2.2%* |
| &nbsp;&nbsp;&nbsp; Analog Devices Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 4/1/54 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 303936<br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 4/15/32 | &nbsp;&nbsp; 1040000<br>| &nbsp;&nbsp;&nbsp; 1064971<br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 7/15/35 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 393182<br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1479943<br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 3.187% | &nbsp;&nbsp; 11/15/36 | &nbsp;&nbsp; 991000<br>| &nbsp;&nbsp;&nbsp; 828627<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 4.926% | &nbsp;&nbsp; 5/15/37 | &nbsp;&nbsp; 630000<br>| &nbsp;&nbsp;&nbsp; 611466<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 2/15/38 | &nbsp;&nbsp; 850000<br>| &nbsp;&nbsp;&nbsp; 820804<br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 1/15/56 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 189149<br>|
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, Senior Secured Notes | &nbsp;&nbsp; 6.150% | &nbsp;&nbsp; 1/25/32 | &nbsp;&nbsp; 820000<br>| &nbsp;&nbsp;&nbsp; 856680<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, Senior Secured Notes | &nbsp;&nbsp; 5.900% | &nbsp;&nbsp; 1/25/33 | &nbsp;&nbsp; 1400000<br>| &nbsp;&nbsp;&nbsp; 1440537<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 2.800% | &nbsp;&nbsp; 8/12/41 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 398754<br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 8/5/52 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 457850<br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 3.200% | &nbsp;&nbsp; 8/12/61 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 223413<br>|
| &nbsp;&nbsp;&nbsp; KLA Corp., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 7/15/52 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 188123<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology Inc., Senior Notes | &nbsp;&nbsp; 2.703% | &nbsp;&nbsp; 4/15/32 | &nbsp;&nbsp; 600000<br>| &nbsp;&nbsp;&nbsp; 541556<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology Inc., Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 319529<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology Inc., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 11/1/35 | &nbsp;&nbsp; 820000<br>| &nbsp;&nbsp;&nbsp; 885174<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology Inc., Senior Notes | &nbsp;&nbsp; 3.366% | &nbsp;&nbsp; 11/1/41 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 62141<br>|
| *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp; *11065835* |
| *Software — 1.7%* | *Software — 1.7%* | *Software — 1.7%* | *Software — 1.7%* | *Software — 1.7%* |
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 2/4/31 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 107666<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 5/4/33 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 301889<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 4.700% | &nbsp;&nbsp; 9/27/34 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 511320<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 9/26/35 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 168930<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 9/26/45 | &nbsp;&nbsp; 1200000<br>| &nbsp;&nbsp;&nbsp; 1036058<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/15/46 | &nbsp;&nbsp; 1800000<br>| &nbsp;&nbsp;&nbsp; 1213546<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 6.900% | &nbsp;&nbsp; 11/9/52 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 255137<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 2/6/53 | &nbsp;&nbsp; 1730000<br>| &nbsp;&nbsp;&nbsp; 1381434<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 8/3/55 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 58743<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 9/26/55 | &nbsp;&nbsp; 1310000<br>| &nbsp;&nbsp;&nbsp; 1102879<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 2/4/66 | &nbsp;&nbsp; 740000<br>| &nbsp;&nbsp;&nbsp; 680968<br>|
| &nbsp;&nbsp;&nbsp; Synopsys Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/1/32 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 625588<br>|
| &nbsp;&nbsp;&nbsp; Synopsys Inc., Senior Notes | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 930000<br>| &nbsp;&nbsp;&nbsp; 932111<br>|
| &nbsp;&nbsp;&nbsp; Synopsys Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 4/1/55 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 593180<br>|
| *Total Software* | *Total Software* | *Total Software* | *Total Software* | &nbsp;&nbsp; *8969449* |
| *Technology Hardware, Storage & Peripherals — 0.2%* | *Technology Hardware, Storage & Peripherals — 0.2%* | *Technology Hardware, Storage & Peripherals — 0.2%* | *Technology Hardware, Storage & Peripherals — 0.2%* | *Technology Hardware, Storage & Peripherals — 0.2%* |
| &nbsp;&nbsp;&nbsp; Dell International LLC/EMC Corp., Senior Notes | &nbsp;&nbsp; 8.100% | &nbsp;&nbsp; 7/15/36 | &nbsp;&nbsp; 377000<br>| &nbsp;&nbsp;&nbsp; 448376<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Technology Hardware, Storage & Peripherals — continued* | *Technology Hardware, Storage & Peripherals — continued* | *Technology Hardware, Storage & Peripherals — continued* | *Technology Hardware, Storage & Peripherals — continued* | *Technology Hardware, Storage & Peripherals — continued* |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 10/15/54 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; $437759<br>|
| *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | &nbsp;&nbsp; *886135* |
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **22833237** |
| **Materials — 3.5%** | **Materials — 3.5%** | **Materials — 3.5%** | **Materials — 3.5%** | **Materials — 3.5%** |
| *Chemicals — 0.4%* | *Chemicals — 0.4%* | *Chemicals — 0.4%* | *Chemicals — 0.4%* | *Chemicals — 0.4%* |
| &nbsp;&nbsp;&nbsp; Celanese US Holdings LLC, Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 318543<br>|
| &nbsp;&nbsp;&nbsp; OCP SA, Senior Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 6/23/31 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 627518<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; OCP SA, Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 6/23/51 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 187519<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sociedad Quimica y Minera de Chile SA, Senior Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 9/10/51 | &nbsp;&nbsp; 1250000<br>| &nbsp;&nbsp;&nbsp; 808037<br> <sup>(a)</sup><br>|
| *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | &nbsp;&nbsp; *1941617* |
| *Construction Materials — 0.1%* | *Construction Materials — 0.1%* | *Construction Materials — 0.1%* | *Construction Materials — 0.1%* | *Construction Materials — 0.1%* |
| &nbsp;&nbsp;&nbsp; CRH America Finance Inc., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 2/9/56 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; *403461*<br>|
| *Metals & Mining — 3.0%* | *Metals & Mining — 3.0%* | *Metals & Mining — 3.0%* | *Metals & Mining — 3.0%* | *Metals & Mining — 3.0%* |
| &nbsp;&nbsp;&nbsp; Anglo American Capital PLC, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 4/5/34 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 411839<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Anglo American Capital PLC, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/19/36 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; 635842<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Antofagasta PLC, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 9/9/35 | &nbsp;&nbsp; 1560000<br>| &nbsp;&nbsp;&nbsp; 1543149<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Barrick PD Australia Finance Pty Ltd., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 10/15/39 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 461893<br>|
| &nbsp;&nbsp;&nbsp; Capstone Copper Corp., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/31/33 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 397738<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 3/1/33 | &nbsp;&nbsp; 780000<br>| &nbsp;&nbsp;&nbsp; 814010<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 2/15/34 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp; 692819<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 1480000<br>| &nbsp;&nbsp;&nbsp; 1424924<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Freeport Minerals Corp., Senior Notes | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 333604<br>|
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan Inc., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 11/14/34 | &nbsp;&nbsp; 590000<br>| &nbsp;&nbsp;&nbsp; 598986<br>|
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan Inc., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 3/15/43 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 369288<br>|
| &nbsp;&nbsp;&nbsp; Fresnillo PLC, Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 10/2/50 | &nbsp;&nbsp; 1320000<br>| &nbsp;&nbsp;&nbsp; 1002831<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC, Senior Notes | &nbsp;&nbsp; 5.673% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 1440000<br>| &nbsp;&nbsp;&nbsp; 1471681<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC, Senior Notes | &nbsp;&nbsp; 5.508% | &nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp; 480000<br>| &nbsp;&nbsp;&nbsp; 481259<br> <sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC, Senior Notes | &nbsp;&nbsp; 6.141% | &nbsp;&nbsp; 4/1/55 | &nbsp;&nbsp; 720000<br>| &nbsp;&nbsp;&nbsp; 724845<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rio Tinto Finance USA PLC, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/14/35 | &nbsp;&nbsp; 1060000<br>| &nbsp;&nbsp;&nbsp; 1077382<br>|
| &nbsp;&nbsp;&nbsp; Southern Copper Corp., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 11/8/42 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 322410<br>|
| &nbsp;&nbsp;&nbsp; Teck Resources Ltd., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 7/15/41 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 690183<br>|
| &nbsp;&nbsp;&nbsp; Teck Resources Ltd., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 2/1/43 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp; 492924<br>|
| &nbsp;&nbsp;&nbsp; Yamana Gold Inc., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 12/15/27 | &nbsp;&nbsp; 1550000<br>| &nbsp;&nbsp;&nbsp; 1547062<br>|
| &nbsp;&nbsp;&nbsp; Yamana Gold Inc., Senior Notes | &nbsp;&nbsp; 2.630% | &nbsp;&nbsp; 8/15/31 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 195368<br>|
| *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *15690037* |
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **18035115** |
| **Real Estate — 0.7%** | **Real Estate — 0.7%** | **Real Estate — 0.7%** | **Real Estate — 0.7%** | **Real Estate — 0.7%** |
| *Health Care REITs — 0.1%* | *Health Care REITs — 0.1%* | *Health Care REITs — 0.1%* | *Health Care REITs — 0.1%* | *Health Care REITs — 0.1%* |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities Inc., Senior Notes | &nbsp;&nbsp; 2.000% | &nbsp;&nbsp; 5/18/32 | &nbsp;&nbsp; 840000<br>| &nbsp;&nbsp;&nbsp; *703131*<br>|
| *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* |
| &nbsp;&nbsp;&nbsp; Five Point Operating Co. LP, Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *618932*<br> <sup>(a)</sup><br>|
| *Retail REITs — 0.1%* | *Retail REITs — 0.1%* | *Retail REITs — 0.1%* | *Retail REITs — 0.1%* | *Retail REITs — 0.1%* |
| &nbsp;&nbsp;&nbsp; WEA Finance LLC/Westfield UK & Europe Finance PLC, Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 9/17/44 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *293064*<br> <sup>(a)</sup><br>|
| *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* |
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 8/1/30 | &nbsp;&nbsp; 2050000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *2050746*<br> <sup>(a)</sup><br>|
| **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **3665873** |

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| **Utilities — 9.3%** | **Utilities — 9.3%** | **Utilities — 9.3%** | **Utilities — 9.3%** | **Utilities — 9.3%** |
| *Electric Utilities — 8.4%* | *Electric Utilities — 8.4%* | *Electric Utilities — 8.4%* | *Electric Utilities — 8.4%* | *Electric Utilities — 8.4%* |
| &nbsp;&nbsp;&nbsp; Alliant Energy Corp., Junior Subordinated Notes (5.750% to 4/1/31 then 5 year <br> Treasury Constant Maturity Rate + 2.077%) | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 4/1/56 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; $486288<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; American Transmission Systems Inc., Senior Notes | &nbsp;&nbsp; 2.650% | &nbsp;&nbsp; 1/15/32 | &nbsp;&nbsp; 920000<br>| &nbsp;&nbsp;&nbsp; 824758<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Baltimore Gas and Electric Co., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp; 660000<br>| &nbsp;&nbsp;&nbsp; 677006<br>|
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston Electric LLC, Senior Secured Bonds | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 4/1/44 | &nbsp;&nbsp; 849000<br>| &nbsp;&nbsp;&nbsp; 735760<br>|
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston Electric LLC, Senior Secured Bonds | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 4/1/53 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 112984<br>|
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad, Senior Notes | &nbsp;&nbsp; 6.045% | &nbsp;&nbsp; 1/28/34 | &nbsp;&nbsp; 790000<br>| &nbsp;&nbsp;&nbsp; 766577<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Commonwealth Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 6.450% | &nbsp;&nbsp; 1/15/38 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; 715521<br>|
| &nbsp;&nbsp;&nbsp; Constellation Energy Generation LLC, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 1/15/34 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 298910<br>|
| &nbsp;&nbsp;&nbsp; Constellation Energy Generation LLC, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 1/15/66 | &nbsp;&nbsp; 990000<br>| &nbsp;&nbsp;&nbsp; 951170<br>|
| &nbsp;&nbsp;&nbsp; Dominion Energy South Carolina Inc., First Mortgage Bonds | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 570000<br>| &nbsp;&nbsp;&nbsp; 582969<br>|
| &nbsp;&nbsp;&nbsp; DTE Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 3/1/56 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 590251<br>|
| &nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC, Senior Notes | &nbsp;&nbsp; 6.100% | &nbsp;&nbsp; 6/1/37 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 517765<br>|
| &nbsp;&nbsp;&nbsp; Duke Energy Florida LLC, First Mortgage Bonds | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 11/15/33 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 658516<br>|
| &nbsp;&nbsp;&nbsp; Duke Energy Indiana LLC, First Mortgage Bonds | &nbsp;&nbsp; 3.250% | &nbsp;&nbsp; 10/1/49 | &nbsp;&nbsp; 900000<br>| &nbsp;&nbsp;&nbsp; 607403<br>|
| &nbsp;&nbsp;&nbsp; Duke Energy Indiana LLC, First Mortgage Bonds | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 4/1/53 | &nbsp;&nbsp; 520000<br>| &nbsp;&nbsp;&nbsp; 483163<br>|
| &nbsp;&nbsp;&nbsp; Duke Energy Indiana LLC, First Mortgage Bonds | &nbsp;&nbsp; 5.900% | &nbsp;&nbsp; 5/15/55 | &nbsp;&nbsp; 1310000<br>| &nbsp;&nbsp;&nbsp; 1309911<br>|
| &nbsp;&nbsp;&nbsp; Edison International, Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 1175000<br>| &nbsp;&nbsp;&nbsp; 1147589<br>|
| &nbsp;&nbsp;&nbsp; Entergy Louisiana LLC, First Mortgage Bonds | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 4/15/56 | &nbsp;&nbsp; 1560000<br>| &nbsp;&nbsp;&nbsp; 1499707<br>|
| &nbsp;&nbsp;&nbsp; Entergy Texas Inc., First Mortgage Bonds | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 4/15/35 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 585967<br>|
| &nbsp;&nbsp;&nbsp; FirstEnergy Corp., Senior Notes | &nbsp;&nbsp; 4.850% | &nbsp;&nbsp; 7/15/47 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 307780<br>|
| &nbsp;&nbsp;&nbsp; FirstEnergy Transmission LLC, Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 430000<br>| &nbsp;&nbsp;&nbsp; 424040<br>|
| &nbsp;&nbsp;&nbsp; Florida Power & Light Co., First Mortgage Bonds | &nbsp;&nbsp; 3.150% | &nbsp;&nbsp; 10/1/49 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 187965<br>|
| &nbsp;&nbsp;&nbsp; Florida Power & Light Co., First Mortgage Bonds | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 3/15/55 | &nbsp;&nbsp; 960000<br>| &nbsp;&nbsp;&nbsp; 956795<br>|
| &nbsp;&nbsp;&nbsp; Georgia Power Co., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp; 790000<br>| &nbsp;&nbsp;&nbsp; 807057<br>|
| &nbsp;&nbsp;&nbsp; Georgia Power Co., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 3/15/35 | &nbsp;&nbsp; 2040000<br>| &nbsp;&nbsp;&nbsp; 2072994<br>|
| &nbsp;&nbsp;&nbsp; Monongahela Power Co., First Mortgage Bonds | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 2/15/34 | &nbsp;&nbsp; 730000<br>| &nbsp;&nbsp;&nbsp; 767993<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings Inc., Senior Notes (6.375% to 8/15/30 then 5 year <br> Treasury Constant Maturity Rate + 2.053%) | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 8/15/55 | &nbsp;&nbsp; 570000<br>| &nbsp;&nbsp;&nbsp; 580999<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings Inc., Senior Notes (6.500% to 8/15/35 then 5 year <br> Treasury Constant Maturity Rate + 1.979%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 8/15/55 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 412932<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; NRG Energy Inc., Senior Secured Notes | &nbsp;&nbsp; 2.450% | &nbsp;&nbsp; 12/2/27 | &nbsp;&nbsp; 1040000<br>| &nbsp;&nbsp;&nbsp; 1002122<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NRG Energy Inc., Senior Secured Notes | &nbsp;&nbsp; 5.407% | &nbsp;&nbsp; 10/15/35 | &nbsp;&nbsp; 840000<br>| &nbsp;&nbsp;&nbsp; 824493<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ohio Edison Co., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 12/15/29 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 495472<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ohio Edison Co., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 7/15/36 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 693017<br>|
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 3.100% | &nbsp;&nbsp; 9/15/49 | &nbsp;&nbsp; 590000<br>| &nbsp;&nbsp;&nbsp; 385666<br>|
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 6/15/54 | &nbsp;&nbsp; 710000<br>| &nbsp;&nbsp;&nbsp; 679249<br>|
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 4/1/55 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 336739<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 2.500% | &nbsp;&nbsp; 2/1/31 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 618572<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp; 1260000<br>| &nbsp;&nbsp;&nbsp; 1380451<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 5/15/34 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 502256<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 2/15/44 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 326222<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 7/1/50 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 265280<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 8/1/50 | &nbsp;&nbsp; 810000<br>| &nbsp;&nbsp;&nbsp; 536008<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 6.700% | &nbsp;&nbsp; 4/1/53 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 82888<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* |
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 5/1/56 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; $351424<br>|
| &nbsp;&nbsp;&nbsp; PacifiCorp, First Mortgage Bonds | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 2/15/34 | &nbsp;&nbsp; 1230000<br>| &nbsp;&nbsp;&nbsp; 1225976<br>|
| &nbsp;&nbsp;&nbsp; PacifiCorp, Junior Subordinated Notes (7.125% to 8/15/31 then 5 year Treasury <br> Constant Maturity Rate + 3.292%) | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 8/15/56 | &nbsp;&nbsp; 1810000<br>| &nbsp;&nbsp;&nbsp; 1710420<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; PacifiCorp, Junior Subordinated Notes (7.375% to 9/15/30 then 5 year Treasury <br> Constant Maturity Rate + 3.319%) | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 9/15/55 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 133884<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pampa Energia SA, Senior Notes | &nbsp;&nbsp; 7.950% | &nbsp;&nbsp; 9/10/31 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 375714<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pampa Energia SA, Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 12/16/34 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 134505<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; PG&E Corp., Junior Subordinated Notes (6.850% to 9/15/31 then 5 year Treasury <br> Constant Maturity Rate + 3.225%) | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 9/15/56 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 553595<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; PG&E Corp., Junior Subordinated Notes (7.375% to 3/15/30 then 5 year Treasury <br> Constant Maturity Rate + 3.883%) | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 3/15/55 | &nbsp;&nbsp; 600000<br>| &nbsp;&nbsp;&nbsp; 604347<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; PG&E Wildfire Recovery Funding LLC, Senior Secured Notes | &nbsp;&nbsp; 5.081% | &nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 379509<br>|
| &nbsp;&nbsp;&nbsp; PG&E Wildfire Recovery Funding LLC, Senior Secured Notes | &nbsp;&nbsp; 5.099% | &nbsp;&nbsp; 6/1/52 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 64761<br>|
| &nbsp;&nbsp;&nbsp; Public Service Co. of Colorado, First Mortgage Bonds | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 9/15/35 | &nbsp;&nbsp; 1700000<br>| &nbsp;&nbsp;&nbsp; 1695270<br>|
| &nbsp;&nbsp;&nbsp; SCE Recovery Funding LLC, Senior Secured Notes | &nbsp;&nbsp; 4.697% | &nbsp;&nbsp; 6/15/40 | &nbsp;&nbsp; 1046452<br>| &nbsp;&nbsp;&nbsp; 1011013<br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 507922<br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 2.500% | &nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp; 920000<br>| &nbsp;&nbsp;&nbsp; 822093<br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 3/1/48 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; 486988<br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 3.650% | &nbsp;&nbsp; 2/1/50 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 473763<br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 9/15/55 | &nbsp;&nbsp; 430000<br>| &nbsp;&nbsp;&nbsp; 426868<br>|
| &nbsp;&nbsp;&nbsp; Southern Co., Junior Subordinated Notes (6.375% to 3/15/35 then 5 year Treasury <br> Constant Maturity Rate + 2.069%) | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 3/15/55 | &nbsp;&nbsp; 900000<br>| &nbsp;&nbsp;&nbsp; 926041<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Southern Co., Senior Notes | &nbsp;&nbsp; 4.850% | &nbsp;&nbsp; 3/15/35 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 496349<br>|
| &nbsp;&nbsp;&nbsp; Trans-Allegheny Interstate Line Co., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/15/31 | &nbsp;&nbsp; 670000<br>| &nbsp;&nbsp;&nbsp; 680918<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 4.700% | &nbsp;&nbsp; 1/31/31 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 295339<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 12/30/34 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 332242<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 1/31/36 | &nbsp;&nbsp; 1100000<br>| &nbsp;&nbsp;&nbsp; 1076750<br> <sup>(a)</sup><br>|
| *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | &nbsp;&nbsp; *42964896* |
| *Gas Utilities — 0.3%* | *Gas Utilities — 0.3%* | *Gas Utilities — 0.3%* | *Gas Utilities — 0.3%* | *Gas Utilities — 0.3%* |
| &nbsp;&nbsp;&nbsp; Southern California Gas Co., First Mortgage Bonds | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 6/15/55 | &nbsp;&nbsp; 1100000<br>| &nbsp;&nbsp;&nbsp; 1101798<br>|
| &nbsp;&nbsp;&nbsp; Spire Inc., Junior Subordinated Notes (6.250% to 6/1/31 then 5 year Treasury <br> Constant Maturity Rate + 2.556%) | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 6/1/56 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp; 545591<br> <sup>(e)</sup><br>|
| *Total Gas Utilities* | *Total Gas Utilities* | *Total Gas Utilities* | *Total Gas Utilities* | &nbsp;&nbsp; *1647389* |
| *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* |
| &nbsp;&nbsp;&nbsp; AES Andes SA, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 3/14/32 | &nbsp;&nbsp; 730000<br>| &nbsp;&nbsp;&nbsp; 749667<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; AES Corp., Junior Subordinated Notes (6.950% to 7/15/30 then 5 year Treasury <br> Constant Maturity Rate + 2.890%) | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 7/15/55 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 653785<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; TransAlta Corp., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 3/15/40 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 207024<br>|
| *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | &nbsp;&nbsp; *1610476* |
| *Multi-Utilities — 0.3%* | *Multi-Utilities — 0.3%* | *Multi-Utilities — 0.3%* | *Multi-Utilities — 0.3%* | *Multi-Utilities — 0.3%* |
| &nbsp;&nbsp;&nbsp; Ameren Illinois Co., First Mortgage Bonds | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/1/55 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 603225<br>|
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Resources Corp., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 7/1/34 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 388102<br>|
| &nbsp;&nbsp;&nbsp; Northern States Power Co., First Mortgage Bonds | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 5/15/55 | &nbsp;&nbsp; 760000<br>| &nbsp;&nbsp;&nbsp; 746401<br>|
| *Total Multi-Utilities* | *Total Multi-Utilities* | *Total Multi-Utilities* | *Total Multi-Utilities* | &nbsp;&nbsp; *1737728* |
| **Total Utilities** | **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **47960489** |
| **Total Corporate Bonds & Notes (Cost — $448,757,369)** | **Total Corporate Bonds & Notes (Cost — $448,757,369)** | **Total Corporate Bonds & Notes (Cost — $448,757,369)** | **Total Corporate Bonds & Notes (Cost — $448,757,369)** | &nbsp;&nbsp; **432471339** |

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| **Sovereign Bonds — 4.2%** | **Sovereign Bonds — 4.2%** | **Sovereign Bonds — 4.2%** | **Sovereign Bonds — 4.2%** | **Sovereign Bonds — 4.2%** |
| *Argentina — 0.3%* | *Argentina — 0.3%* | *Argentina — 0.3%* | *Argentina — 0.3%* | *Argentina — 0.3%* |
| &nbsp;&nbsp;&nbsp; Argentine Republic Government International Bond, Senior Notes | &nbsp;&nbsp; 1.000% | &nbsp;&nbsp; 7/9/29 | &nbsp;&nbsp; 170271<br>| &nbsp;&nbsp;&nbsp; $149677<br>|
| &nbsp;&nbsp;&nbsp; Argentine Republic Government International Bond, Senior Notes, Step bond <br> (4.125% to 7/9/27 then 4.750%) | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 7/9/35 | &nbsp;&nbsp; 1344802<br>| &nbsp;&nbsp;&nbsp; 971619<br>|
| &nbsp;&nbsp;&nbsp; Provincia de Buenos Aires, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp; 372476<br>| &nbsp;&nbsp;&nbsp; 281685<br> <sup>(a)</sup><br>|
| *Total Argentina* | *Total Argentina* | *Total Argentina* | *Total Argentina* | &nbsp;&nbsp; *1402981* |
| *Bahamas — 0.2%* | *Bahamas — 0.2%* | *Bahamas — 0.2%* | *Bahamas — 0.2%* | *Bahamas — 0.2%* |
| &nbsp;&nbsp;&nbsp; Bahamas Government International Bond, Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 6/24/36 | &nbsp;&nbsp; 930000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *995174*<br> <sup>(a)</sup><br>|
| *Bermuda — 0.1%* | *Bermuda — 0.1%* | *Bermuda — 0.1%* | *Bermuda — 0.1%* | *Bermuda — 0.1%* |
| &nbsp;&nbsp;&nbsp; Bermuda Government International Bond, Senior Notes | &nbsp;&nbsp; 2.375% | &nbsp;&nbsp; 8/20/30 | &nbsp;&nbsp; 660000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *598290*<br> <sup>(a)</sup><br>|
| *Ecuador — 0.2%* | *Ecuador — 0.2%* | *Ecuador — 0.2%* | *Ecuador — 0.2%* | *Ecuador — 0.2%* |
| &nbsp;&nbsp;&nbsp; Ecuador Government International Bond, Senior Notes | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 1/29/34 | &nbsp;&nbsp; 835000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *820387*<br> <sup>(a)</sup><br>|
| *Israel — 0.4%* | *Israel — 0.4%* | *Israel — 0.4%* | *Israel — 0.4%* | *Israel — 0.4%* |
| &nbsp;&nbsp;&nbsp; Israel Government International Bond, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 3/12/34 | &nbsp;&nbsp; 2140000<br>| &nbsp;&nbsp;&nbsp; *2170337*<br>|
| *Ivory Coast — 0.3%* | *Ivory Coast — 0.3%* | *Ivory Coast — 0.3%* | *Ivory Coast — 0.3%* | *Ivory Coast — 0.3%* |
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 2/25/41 | &nbsp;&nbsp; 1620000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1426618*<br> <sup>(a)</sup><br>|
| *Mexico — 1.7%* | *Mexico — 1.7%* | *Mexico — 1.7%* | *Mexico — 1.7%* | *Mexico — 1.7%* |
| &nbsp;&nbsp;&nbsp; Eagle Funding Luxco Sarl, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/17/30 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2013000<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mexican Bonos, Senior Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 11/18/38 | &nbsp;&nbsp; 26240000 <br><sup>MXN</sup><br>| &nbsp;&nbsp;&nbsp; 1347289<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 7/2/32 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 200970<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 3/22/33 | &nbsp;&nbsp; 1220000<br>| &nbsp;&nbsp;&nbsp; 1195600<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 5/7/36 | &nbsp;&nbsp; 2240000<br>| &nbsp;&nbsp;&nbsp; 2230816<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 1/29/38 | &nbsp;&nbsp; 1150000<br>| &nbsp;&nbsp;&nbsp; 1174725<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 4.350% | &nbsp;&nbsp; 1/15/47 | &nbsp;&nbsp; 940000<br>| &nbsp;&nbsp;&nbsp; 689960<br>|
| *Total Mexico* | *Total Mexico* | *Total Mexico* | *Total Mexico* | &nbsp;&nbsp; *8852360* |
| *Paraguay — 0.2%* | *Paraguay — 0.2%* | *Paraguay — 0.2%* | *Paraguay — 0.2%* | *Paraguay — 0.2%* |
| &nbsp;&nbsp;&nbsp; Paraguay Government International Bond, Senior Notes | &nbsp;&nbsp; 6.650% | &nbsp;&nbsp; 3/4/55 | &nbsp;&nbsp; 930000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *967572*<br> <sup>(a)</sup><br>|
| *Peru — 0.1%* | *Peru — 0.1%* | *Peru — 0.1%* | *Peru — 0.1%* | *Peru — 0.1%* |
| &nbsp;&nbsp;&nbsp; Fondo MIVIVIENDA SA, Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 3/31/31 | &nbsp;&nbsp; 460000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *460575*<br> <sup>(a)</sup><br>|
| *South Africa — 0.2%* | *South Africa — 0.2%* | *South Africa — 0.2%* | *South Africa — 0.2%* | *South Africa — 0.2%* |
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government International Bond, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 12/11/37 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *929000*<br> <sup>(a)</sup><br>|
| *Supranational — 0.5%* | *Supranational — 0.5%* | *Supranational — 0.5%* | *Supranational — 0.5%* | *Supranational — 0.5%* |
| &nbsp;&nbsp;&nbsp; Africa Finance Corp., Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 10/8/29 | &nbsp;&nbsp; 1620000<br>| &nbsp;&nbsp;&nbsp; 1633193<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; African Export-Import Bank, Senior Notes | &nbsp;&nbsp; 2.634% | &nbsp;&nbsp; 5/17/26 | &nbsp;&nbsp; 1010000<br>| &nbsp;&nbsp;&nbsp; 1009308<br> <sup>(a)</sup><br>|
| *Total Supranational* | *Total Supranational* | *Total Supranational* | *Total Supranational* | &nbsp;&nbsp; *2642501* |
| **Total Sovereign Bonds (Cost — $21,367,686)** | **Total Sovereign Bonds (Cost — $21,367,686)** | **Total Sovereign Bonds (Cost — $21,367,686)** | **Total Sovereign Bonds (Cost — $21,367,686)** | &nbsp;&nbsp; **21265795** |
| **Asset-Backed Securities — 3.4%** | **Asset-Backed Securities — 3.4%** | **Asset-Backed Securities — 3.4%** | **Asset-Backed Securities — 3.4%** | **Asset-Backed Securities — 3.4%** |
| &nbsp;&nbsp;&nbsp; Apex Credit CLO LLC, 2021-2A CR (3 mo. Term SOFR + 3.750%) | &nbsp;&nbsp; 7.418% | &nbsp;&nbsp; 10/20/34 | &nbsp;&nbsp; 470000<br>| &nbsp;&nbsp;&nbsp; 453012<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Apollo Aviation Securitization Equity Trust, 2024-1A A2 | &nbsp;&nbsp; 6.261% | &nbsp;&nbsp; 5/16/49 | &nbsp;&nbsp; 1028991<br>| &nbsp;&nbsp;&nbsp; 1045143<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ares CLO Ltd., 2017-44A BRR (3 mo. Term SOFR + 1.750%) | &nbsp;&nbsp; 5.422% | &nbsp;&nbsp; 4/15/34 | &nbsp;&nbsp; 1430000<br>| &nbsp;&nbsp;&nbsp; 1427926<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; CarMax Auto Owner Trust, 2024-1 D | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 7/15/30 | &nbsp;&nbsp; 570000<br>| &nbsp;&nbsp;&nbsp; 580001<br>|
| &nbsp;&nbsp;&nbsp; CLI Funding LLC, 2024-1A A | &nbsp;&nbsp; 5.630% | &nbsp;&nbsp; 7/20/49 | &nbsp;&nbsp; 1336812<br>| &nbsp;&nbsp;&nbsp; 1344173<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Driven Brands Funding LLC, 2020-2A A2 | &nbsp;&nbsp; 3.237% | &nbsp;&nbsp; 1/20/51 | &nbsp;&nbsp; 824828<br>| &nbsp;&nbsp;&nbsp; 774570<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goodgreen, 2022-1A A | &nbsp;&nbsp; 3.840% | &nbsp;&nbsp; 10/15/56 | &nbsp;&nbsp; 304012<br>| &nbsp;&nbsp;&nbsp; 271930<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goodgreen Trust, 2023-1A A | &nbsp;&nbsp; 5.900% | &nbsp;&nbsp; 1/17/61 | &nbsp;&nbsp; 621370<br>| &nbsp;&nbsp;&nbsp; 619714<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Trust, 2023-1A C | &nbsp;&nbsp; 6.940% | &nbsp;&nbsp; 1/25/38 | &nbsp;&nbsp; 188881<br>| &nbsp;&nbsp;&nbsp; 194072<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** |
| &nbsp;&nbsp;&nbsp; J.G. Wentworth LLC, 2017-2A B | &nbsp;&nbsp; 5.090% | &nbsp;&nbsp; 9/17/74 | &nbsp;&nbsp; 420986<br>| &nbsp;&nbsp;&nbsp; $380604<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; J.G. Wentworth LLC, 2018-2A B | &nbsp;&nbsp; 4.700% | &nbsp;&nbsp; 10/15/77 | &nbsp;&nbsp; 150097<br>| &nbsp;&nbsp;&nbsp; 136313<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jimmy Johns Funding LLC, 2022-1A A2I | &nbsp;&nbsp; 4.077% | &nbsp;&nbsp; 4/30/52 | &nbsp;&nbsp; 625625<br>| &nbsp;&nbsp;&nbsp; 619487<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lunar Structured Aircraft Portfolio Notes, 2021-1 A | &nbsp;&nbsp; 2.636% | &nbsp;&nbsp; 10/15/46 | &nbsp;&nbsp; 1078660<br>| &nbsp;&nbsp;&nbsp; 1025518<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Madison Park Funding Ltd., 2016-24A BR2 (3 mo. Term SOFR + 1.550%) | &nbsp;&nbsp; 5.218% | &nbsp;&nbsp; 10/20/29 | &nbsp;&nbsp; 337342<br>| &nbsp;&nbsp;&nbsp; 338175<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; MVW LLC, 2021-1WA C | &nbsp;&nbsp; 1.940% | &nbsp;&nbsp; 1/22/41 | &nbsp;&nbsp; 361863<br>| &nbsp;&nbsp;&nbsp; 350096<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Navient Private Education Refi Loan Trust, 2020-DA A | &nbsp;&nbsp; 1.690% | &nbsp;&nbsp; 5/15/69 | &nbsp;&nbsp; 110755<br>| &nbsp;&nbsp;&nbsp; 105837<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Point Broadband Funding LLC, 2025-1A A2 | &nbsp;&nbsp; 5.336% | &nbsp;&nbsp; 7/20/55 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 701369<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Renew Financial, 2023-1A A | &nbsp;&nbsp; 5.900% | &nbsp;&nbsp; 11/20/58 | &nbsp;&nbsp; 1643584<br>| &nbsp;&nbsp;&nbsp; 1687907<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Renew Financial, 2024-1A A | &nbsp;&nbsp; 6.208% | &nbsp;&nbsp; 11/20/59 | &nbsp;&nbsp; 1818481<br>| &nbsp;&nbsp;&nbsp; 1825955<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Romark CLO Ltd., 2021-5A BR (3 mo. Term SOFR + 1.800%) | &nbsp;&nbsp; 5.472% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 1370000<br>| &nbsp;&nbsp;&nbsp; 1362221<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; SLM Private Education Loan Trust, 2010-C A5 (1 mo. Term SOFR + 4.864%) | &nbsp;&nbsp; 8.537% | &nbsp;&nbsp; 10/15/41 | &nbsp;&nbsp; 375562<br>| &nbsp;&nbsp;&nbsp; 394293<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; SoFi Professional Loan Program Trust, 2021-A AFX | &nbsp;&nbsp; 1.030% | &nbsp;&nbsp; 8/17/43 | &nbsp;&nbsp; 330498<br>| &nbsp;&nbsp;&nbsp; 294343<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Verdelite Static CLO Ltd., 2024-1A B (3 mo. Term SOFR + 1.650%) | &nbsp;&nbsp; 5.318% | &nbsp;&nbsp; 7/20/32 | &nbsp;&nbsp; 1280000<br>| &nbsp;&nbsp;&nbsp; 1281505<br> <sup>(a)(e)</sup><br>|
| **Total Asset-Backed Securities (Cost — $16,998,285)** | **Total Asset-Backed Securities (Cost — $16,998,285)** | **Total Asset-Backed Securities (Cost — $16,998,285)** | **Total Asset-Backed Securities (Cost — $16,998,285)** | &nbsp;&nbsp; **17214164** |
| **Collateralized Mortgage Obligations**<sup>(i)</sup> **— 3.0%** | **Collateralized Mortgage Obligations**<sup>(i)</sup> **— 3.0%** | **Collateralized Mortgage Obligations**<sup>(i)</sup> **— 3.0%** | **Collateralized Mortgage Obligations**<sup>(i)</sup> **— 3.0%** | **Collateralized Mortgage Obligations**<sup>(i)</sup> **— 3.0%** |
| &nbsp;&nbsp;&nbsp; Arbor Realty Commercial Real Estate Notes LLC, 2025-FL1 C (1 mo. Term SOFR + <br> 2.693%) | &nbsp;&nbsp; 6.368% | &nbsp;&nbsp; 1/20/43 | &nbsp;&nbsp; 470000<br>| &nbsp;&nbsp;&nbsp; 470050<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust, 2023-NQM5 A1 | &nbsp;&nbsp; 6.505% | &nbsp;&nbsp; 6/25/63 | &nbsp;&nbsp; 498156<br>| &nbsp;&nbsp;&nbsp; 498946<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust, 2023-NQM5 A3 | &nbsp;&nbsp; 7.012% | &nbsp;&nbsp; 6/25/63 | &nbsp;&nbsp; 715927<br>| &nbsp;&nbsp;&nbsp; 717225<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CRSO Trust, 2023-BRND A | &nbsp;&nbsp; 7.121% | &nbsp;&nbsp; 7/10/40 | &nbsp;&nbsp; 1326393<br>| &nbsp;&nbsp;&nbsp; 1367770<br>|
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Credit Risk <br> Trust, 2025-MN12 M2 (30 Day Average SOFR + 2.750%) | &nbsp;&nbsp; 6.412% | &nbsp;&nbsp; 11/25/45 | &nbsp;&nbsp; 1350000<br>| &nbsp;&nbsp;&nbsp; 1352378<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk <br> Trust, 2021-DNA6 B1 (30 Day Average SOFR + 3.400%) | &nbsp;&nbsp; 7.062% | &nbsp;&nbsp; 10/25/41 | &nbsp;&nbsp; 1950000<br>| &nbsp;&nbsp;&nbsp; 1971665<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk <br> Trust, 2021-DNA7 M2 (30 Day Average SOFR + 1.800%) | &nbsp;&nbsp; 5.462% | &nbsp;&nbsp; 11/25/41 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 190533<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Federal National Mortgage Association (FNMA) — CAS, 2023-R08 1M1 (30 Day <br> Average SOFR + 1.500%) | &nbsp;&nbsp; 5.162% | &nbsp;&nbsp; 10/25/43 | &nbsp;&nbsp; 485652<br>| &nbsp;&nbsp;&nbsp; 485917<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; FS Commercial Mortgage Trust, 2023-4SZN B | &nbsp;&nbsp; 7.544% | &nbsp;&nbsp; 11/10/39 | &nbsp;&nbsp; 1190000<br>| &nbsp;&nbsp;&nbsp; 1203760<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; MIC Trust, 2023-MIC A | &nbsp;&nbsp; 8.437% | &nbsp;&nbsp; 12/5/38 | &nbsp;&nbsp; 1040000<br>| &nbsp;&nbsp;&nbsp; 1108114<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, 2025-28L E | &nbsp;&nbsp; 6.693% | &nbsp;&nbsp; 11/5/38 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1994739<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; OBX Trust, 2023-NQM7 A1 | &nbsp;&nbsp; 6.844% | &nbsp;&nbsp; 4/25/63 | &nbsp;&nbsp; 1189877<br>| &nbsp;&nbsp;&nbsp; 1196390<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; OBX Trust, 2024-NQM15 A2 | &nbsp;&nbsp; 5.570% | &nbsp;&nbsp; 10/25/64 | &nbsp;&nbsp; 536953<br>| &nbsp;&nbsp;&nbsp; 539461<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; OBX Trust, 2024-NQM15 A3 | &nbsp;&nbsp; 5.722% | &nbsp;&nbsp; 10/25/64 | &nbsp;&nbsp; 1138599<br>| &nbsp;&nbsp;&nbsp; 1141258<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Redwood Funding Trust, 2025-3 A | &nbsp;&nbsp; 6.231% | &nbsp;&nbsp; 12/27/56 | &nbsp;&nbsp; 1246110<br>| &nbsp;&nbsp;&nbsp; 1257949<br> <sup>(a)</sup><br>|
| **Total Collateralized Mortgage Obligations (Cost — $15,407,863)** | **Total Collateralized Mortgage Obligations (Cost — $15,407,863)** | **Total Collateralized Mortgage Obligations (Cost — $15,407,863)** | **Total Collateralized Mortgage Obligations (Cost — $15,407,863)** | &nbsp;&nbsp; **15496155** |
| **Municipal Bonds — 1.1%** | **Municipal Bonds — 1.1%** | **Municipal Bonds — 1.1%** | **Municipal Bonds — 1.1%** | **Municipal Bonds — 1.1%** |
| *California — 0.3%* | *California — 0.3%* | *California — 0.3%* | *California — 0.3%* | *California — 0.3%* |
| &nbsp;&nbsp;&nbsp; California State, GO, Build America Bonds  | &nbsp;&nbsp; 7.300% | &nbsp;&nbsp; 10/1/39 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 689862<br>|
| &nbsp;&nbsp;&nbsp; Regents of the University of California, CA, Medical Center Pooled Revenue, Series <br> N  | &nbsp;&nbsp; 3.006% | &nbsp;&nbsp; 5/15/50 | &nbsp;&nbsp; 1520000 | &nbsp;&nbsp;&nbsp; 997658<br>|
| *Total California* | *Total California* | *Total California* | *Total California* | &nbsp;&nbsp; *1687520* |
| *Florida — 0.0%††* | *Florida — 0.0%††* | *Florida — 0.0%††* | *Florida — 0.0%††* | *Florida — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Sumter Landing, FL, Community Development District Recreational Revenue, <br> Taxable Community Development District | &nbsp;&nbsp; 4.172% | &nbsp;&nbsp; 10/1/47 | &nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp; **261982**<br>|

---

See Notes to Schedule of Investments.

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Western Asset Corporate Bond Fund 2026 Quarterly Report

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 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *New York — 0.4%* | *New York — 0.4%* | *New York — 0.4%* | *New York — 0.4%* | *New York — 0.4%* |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Revenue, New York University, Series B  | &nbsp;&nbsp; 5.832% | &nbsp;&nbsp; 7/1/55 | &nbsp;&nbsp; 1270000 | &nbsp;&nbsp;&nbsp; $1321850<br>|
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey Revenue, Taxable Consolidated  | &nbsp;&nbsp; 4.960% | &nbsp;&nbsp; 8/1/46 | &nbsp;&nbsp; 770000 | &nbsp;&nbsp;&nbsp; 722725<br>|
| *Total New York* | *Total New York* | *Total New York* | *Total New York* | &nbsp;&nbsp; *2044575* |
| *Ohio — 0.1%* | *Ohio — 0.1%* | *Ohio — 0.1%* | *Ohio — 0.1%* | *Ohio — 0.1%* |
| &nbsp;&nbsp;&nbsp; American Municipal Power-Ohio Inc., Revenue, OH, Build America Bonds | &nbsp;&nbsp; 7.499% | &nbsp;&nbsp; 2/15/50 | &nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; **518793**<br>|
| *Texas — 0.3%* | *Texas — 0.3%* | *Texas — 0.3%* | *Texas — 0.3%* | *Texas — 0.3%* |
| &nbsp;&nbsp;&nbsp; Texas State Natural Gas Securitization Finance Corp., Customer Rate Relief Bonds, <br> Series 2023 | &nbsp;&nbsp; 5.102% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 1322946 | &nbsp;&nbsp;&nbsp; **1355796**<br>|
| **Total Municipal Bonds (Cost — $6,362,140)** | **Total Municipal Bonds (Cost — $6,362,140)** | **Total Municipal Bonds (Cost — $6,362,140)** | **Total Municipal Bonds (Cost — $6,362,140)** | &nbsp;&nbsp; **5868666** |
| **Senior Loans — 1.1%** | **Senior Loans — 1.1%** | **Senior Loans — 1.1%** | **Senior Loans — 1.1%** | **Senior Loans — 1.1%** |
| **Communication Services — 0.1%** | **Communication Services — 0.1%** | **Communication Services — 0.1%** | **Communication Services — 0.1%** | **Communication Services — 0.1%** |
| *Media — 0.1%* | *Media — 0.1%* | *Media — 0.1%* | *Media — 0.1%* | *Media — 0.1%* |
| &nbsp;&nbsp;&nbsp; Mission Broadcasting Inc., Term Loan B4  |  | &nbsp;&nbsp; 6/2/28 | &nbsp;&nbsp; 398953<br>| &nbsp;&nbsp;&nbsp;&nbsp; **398953**<br> <sup>(j)</sup><br>|
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |
| *Specialty Retail — 0.1%* | *Specialty Retail — 0.1%* | *Specialty Retail — 0.1%* | *Specialty Retail — 0.1%* | *Specialty Retail — 0.1%* |
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co. Inc., 2026 Term Loan (3 mo. Term SOFR + 4.250%)  | 7.950% | &nbsp;&nbsp; 1/22/31 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp;&nbsp; **666169**<br> <sup>(e)(k)(l)</sup><br>|
| **Financials — 0.1%** | **Financials — 0.1%** | **Financials — 0.1%** | **Financials — 0.1%** | **Financials — 0.1%** |
| *Insurance — 0.1%* | *Insurance — 0.1%* | *Insurance — 0.1%* | *Insurance — 0.1%* | *Insurance — 0.1%* |
| &nbsp;&nbsp;&nbsp; Truist Insurance Holdings LLC, 2024 Term Loan B (3 mo. Term SOFR + 2.750%)  | 6.450% | &nbsp;&nbsp; 5/6/31 | &nbsp;&nbsp; 629516<br>| &nbsp;&nbsp;&nbsp;&nbsp; **622239**<br> <sup>(e)(k)(l)</sup><br>|
| **Information Technology — 0.3%** | **Information Technology — 0.3%** | **Information Technology — 0.3%** | **Information Technology — 0.3%** | **Information Technology — 0.3%** |
| *Semiconductors & Semiconductor Equipment — 0.3%* | *Semiconductors & Semiconductor Equipment — 0.3%* | *Semiconductors & Semiconductor Equipment — 0.3%* | *Semiconductors & Semiconductor Equipment — 0.3%* | *Semiconductors & Semiconductor Equipment — 0.3%* |
| &nbsp;&nbsp;&nbsp; VCI Asset Holdings 2 LLC, Initial Term Loan  | 7.375% | &nbsp;&nbsp; 2/6/31 | &nbsp;&nbsp; 1420000<br>| &nbsp;&nbsp;&nbsp;&nbsp; **1462600**<br> <sup>(f)(k)(l)</sup><br>|
| **Materials — 0.2%** | **Materials — 0.2%** | **Materials — 0.2%** | **Materials — 0.2%** | **Materials — 0.2%** |
| *Paper & Forest Products — 0.2%* | *Paper & Forest Products — 0.2%* | *Paper & Forest Products — 0.2%* | *Paper & Forest Products — 0.2%* | *Paper & Forest Products — 0.2%* |
| &nbsp;&nbsp;&nbsp; Asplundh Tree Expert LLC, 2021 Refinancing Term Loan (1 mo. Term SOFR + 1.850%) | 5.518% | &nbsp;&nbsp; 9/7/27 | &nbsp;&nbsp; 975281<br>| &nbsp;&nbsp;&nbsp; 977417<br> <sup>(e)(k)(l)</sup><br>|
| &nbsp;&nbsp;&nbsp; Schweitzer-Mauduit International Inc., Term Loan B (1 mo. Term SOFR + 3.864%) | 7.532% | &nbsp;&nbsp; 4/20/28 | &nbsp;&nbsp; 134624<br>| &nbsp;&nbsp;&nbsp; 134624<br> <sup>(e)(g)(k)(l)</sup><br>|
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **1112041** |
| **Utilities — 0.3%** | **Utilities — 0.3%** | **Utilities — 0.3%** | **Utilities — 0.3%** | **Utilities — 0.3%** |
| *Electric Utilities — 0.1%* | *Electric Utilities — 0.1%* | *Electric Utilities — 0.1%* | *Electric Utilities — 0.1%* | *Electric Utilities — 0.1%* |
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC, 2025 Incremental Term Loan B (1 mo. Term SOFR + <br> 2.000%)  | 5.668% | &nbsp;&nbsp; 11/25/32 | &nbsp;&nbsp; 468825<br>| &nbsp;&nbsp;&nbsp;&nbsp; *469746*<br> <sup>(e)(k)(l)</sup><br>|
| *Independent Power and Renewable Electricity Producers — 0.2%* | *Independent Power and Renewable Electricity Producers — 0.2%* | *Independent Power and Renewable Electricity Producers — 0.2%* | *Independent Power and Renewable Electricity Producers — 0.2%* | *Independent Power and Renewable Electricity Producers — 0.2%* |
| &nbsp;&nbsp;&nbsp; Vistra Zero Operating Co. LLC, Initial Term Loan (1 mo. Term SOFR + 2.000%)  | 5.668% | &nbsp;&nbsp; 4/30/31 | &nbsp;&nbsp; 1063650<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1060081*<br> <sup>(e)(k)(l)</sup><br>|
| **Total Utilities** | **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **1529827** |
| **Total Senior Loans (Cost — $5,750,895)** | **Total Senior Loans (Cost — $5,750,895)** | **Total Senior Loans (Cost — $5,750,895)** | **Total Senior Loans (Cost — $5,750,895)** | &nbsp;&nbsp; **5791829** |
| **U.S. Government & Agency Obligations — 0.8%** | **U.S. Government & Agency Obligations — 0.8%** | **U.S. Government & Agency Obligations — 0.8%** | **U.S. Government & Agency Obligations — 0.8%** | **U.S. Government & Agency Obligations — 0.8%** |
| *U.S. Government Obligations — 0.8%* | *U.S. Government Obligations — 0.8%* | *U.S. Government Obligations — 0.8%* | *U.S. Government Obligations — 0.8%* | *U.S. Government Obligations — 0.8%* |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 2/15/46 | &nbsp;&nbsp; 940000 | &nbsp;&nbsp;&nbsp; 906292<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 1360000 | &nbsp;&nbsp;&nbsp; 1299650<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 2/15/56 | &nbsp;&nbsp; 420000 | &nbsp;&nbsp;&nbsp; 409697<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 1480000 | &nbsp;&nbsp;&nbsp; 1456991<br>|
| **Total U.S. Government & Agency Obligations (Cost — $4,070,167)** | **Total U.S. Government & Agency Obligations (Cost — $4,070,167)** | **Total U.S. Government & Agency Obligations (Cost — $4,070,167)** | **Total U.S. Government & Agency Obligations (Cost — $4,070,167)** | &nbsp;&nbsp; **4072630** |

---

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Corporate Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Security | Rate | Shares | Value |
| **Preferred Stocks — 0.6%** | **Preferred Stocks — 0.6%** | **Preferred Stocks — 0.6%** | **Preferred Stocks — 0.6%** |
| **Financials — 0.6%** | **Financials — 0.6%** | **Financials — 0.6%** | **Financials — 0.6%** |
| *Banks — 0.2%* | *Banks — 0.2%* | *Banks — 0.2%* | *Banks — 0.2%* |
| &nbsp;&nbsp;&nbsp; Citigroup Inc.  | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 46100 | &nbsp;&nbsp;&nbsp; $*1136365*<br>|
| *Insurance — 0.1%* | *Insurance — 0.1%* | *Insurance — 0.1%* | *Insurance — 0.1%* |
| &nbsp;&nbsp;&nbsp; Delphi Financial Group Inc. (3 mo. Term SOFR + 3.452%)  | &nbsp;&nbsp; 7.104% | &nbsp;&nbsp; 15675 | &nbsp;&nbsp;&nbsp;&nbsp; *378159*<br> <sup>(e)</sup><br>|
| *Mortgage Real Estate Investment Trusts (REITs) — 0.3%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.3%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.3%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.3%* |
| &nbsp;&nbsp;&nbsp; AGNC Investment Corp., Non Voting Shares (3 mo. Term SOFR + 4.959%) | &nbsp;&nbsp; 8.641% | &nbsp;&nbsp; 47622 | &nbsp;&nbsp;&nbsp; 1155786<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Chimera Investment Corp., Non Voting Shares (3 mo. Term SOFR + 5.005%) | &nbsp;&nbsp; 8.705% | &nbsp;&nbsp; 24654 | &nbsp;&nbsp;&nbsp; 486177<br> <sup>(e)</sup><br>|
| *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | &nbsp;&nbsp; *1641963* |
| **Total Preferred Stocks (Cost — $3,252,533)** | **Total Preferred Stocks (Cost — $3,252,533)** | **Total Preferred Stocks (Cost — $3,252,533)** | &nbsp;&nbsp; **3156487** |
| **Common Stocks — 0.1%** | **Common Stocks — 0.1%** | **Common Stocks — 0.1%** | **Common Stocks — 0.1%** |
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| *Semiconductors & Semiconductor Equipment — 0.1%* | *Semiconductors & Semiconductor Equipment — 0.1%* | *Semiconductors & Semiconductor Equipment — 0.1%* | *Semiconductors & Semiconductor Equipment — 0.1%* |
| &nbsp;&nbsp;&nbsp; VCI Asset Holdings 2 LLC (Cost — $265,440) | &nbsp;&nbsp;&nbsp; VCI Asset Holdings 2 LLC (Cost — $265,440) | &nbsp;&nbsp; 265440 | &nbsp;&nbsp;&nbsp; **265,440**<br> \*<sup>(f)(g)</sup><br>|
| **Total Investments — 98.6% (Cost — $522,232,378)** | **Total Investments — 98.6% (Cost — $522,232,378)** | **Total Investments — 98.6% (Cost — $522,232,378)** | &nbsp;&nbsp; **505602505** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.4% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.4% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.4% | &nbsp;&nbsp;&nbsp; 7361705 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$512964210** |

---

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

---

| | |
|:---|:---|
| † | Face amount denominated in U.S. dollars, unless otherwise noted. |
| †† | Represents less than 0.1%. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from <br> registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees.<br>|
| <sup>(b)</sup> | Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of <br> the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the <br> Board of Trustees.<br>|
| <sup>(c)</sup> | Securities traded on a when-issued or delayed delivery basis. |
| <sup>(d)</sup> | Security has no maturity date. The date shown represents the next call date. |
| <sup>(e)</sup> | Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published <br> reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a <br> reference rate and spread in their description above.<br>|
| <sup>(f)</sup> | Security is fair valued in accordance with procedures approved by the Board of Trustees (Note 1). |
| <sup>(g)</sup> | Security is valued using significant unobservable inputs (Note 1). |
| <sup>(h)</sup> | Value is less than $1. |
| <sup>(i)</sup> | Collateralized mortgage obligations are secured by an underlying pool of mortgages or mortgage pass-through certificates that are structured to direct <br> payments on underlying collateral to different series or classes of the obligations. The interest rate may change positively or inversely in relation to one or <br> more interest rates, financial indices or other financial indicators and may be subject to an upper and/or lower limit.<br>|
| <sup>(j)</sup> | All or a portion of this loan has not settled as of March 31, 2026. Interest rates are not effective until settlement date. Interest rates shown, if any, are for <br> the settled portion of the loan.<br>|
| <sup>(k)</sup> | Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan. |
| <sup>(l)</sup> | Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower <br> prior to the disposition of a senior loan. <br>|

---

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

See Notes to Schedule of Investments.

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Western Asset Corporate Bond Fund 2026 Quarterly Report

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 **Western Asset Corporate Bond Fund**

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| CAS |  | Connecticut Avenue Securities |
| CLO |  | Collateralized Loan Obligation |
| DAC |  | Designated Activity Company |
| GO |  | General Obligation |
| GTD |  | Guaranteed |
| ICE |  | Intercontinental Exchange |
| JSC |  | Joint Stock Company |
| MXN |  | Mexican Peso |
| REMIC |  | Real Estate Mortgage Investment Conduit |
| SOFR |  | Secured Overnight Financing Rate |
| USD |  | United States Dollar |

---

At March 31, 2026, the Fund had the following open futures contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; <br> Number of <br>Contracts<br>| &nbsp;&nbsp;&nbsp; <br> Expiration <br>Date<br>| &nbsp;&nbsp;&nbsp; <br> Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; <br> Market <br>Value<br>| &nbsp;&nbsp;&nbsp; <br> Unrealized <br>Appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(Depreciation)<br>|
| **Contracts to Buy:** |  |  |  |  |  |
| U.S. Treasury 2-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 326 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; $68093864 | &nbsp;&nbsp;&nbsp;&nbsp; $67627172 | &nbsp;&nbsp;&nbsp;&nbsp; $(466692) |
| U.S. Treasury 5-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 1060 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 115965120 | &nbsp;&nbsp;&nbsp;&nbsp; 114670471 | &nbsp;&nbsp;&nbsp;&nbsp; (1294649) |
| U.S. Treasury 10-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 4362326 | &nbsp;&nbsp;&nbsp;&nbsp; 4330828 | &nbsp;&nbsp;&nbsp;&nbsp; (31498) |
| U.S. Treasury Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 326 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 38192730 | &nbsp;&nbsp;&nbsp;&nbsp; 37123250 | &nbsp;&nbsp;&nbsp;&nbsp; (1069480) |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (2862319) |
| **Contracts to Sell:** |  |  |  |  |  |
| U.S. Treasury Ultra 10-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 966 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 111555983 | &nbsp;&nbsp;&nbsp;&nbsp; 109656099 | &nbsp;&nbsp;&nbsp;&nbsp; 1899884 |
| U.S. Treasury Ultra Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 115 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 13750223 | &nbsp;&nbsp;&nbsp;&nbsp; 13404687 | &nbsp;&nbsp;&nbsp;&nbsp; 345536 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2245420 |
| **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | &nbsp;&nbsp;&nbsp; **$(616899)** |

---

At March 31, 2026, the Fund had the following open forward foreign currency contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Currency <br>Purchased | Currency <br>Purchased | Currency <br>Sold | Currency <br>Sold | Counterparty | Settlement <br>Date<br>| Unrealized <br>Depreciation<br>|
| JPY | &nbsp;&nbsp; 110785112 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 713938 | BNP Paribas SA | &nbsp;&nbsp; 4/16/26 | &nbsp;&nbsp; **$(14815)** |

---

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

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** |
| JPY |  | Japanese Yen |
| USD |  | United States Dollar |

---

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

See Notes to Schedule of Investments.

------

Western Asset Corporate Bond Fund 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

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

**1. Organization and significant accounting policies** 

Western Asset Corporate Bond Fund (the "Fund") is a separate diversified investment series of Legg Mason Partners Income Trust (the "Trust"). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

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

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

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

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

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

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

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Western Asset Corporate Bond Fund 2026 Quarterly Report

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Corporate Bonds & Notes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | &nbsp;&nbsp; — | &nbsp;&nbsp; $36604584 | &nbsp;&nbsp; $2351282 | &nbsp;&nbsp; $38955866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | &nbsp;&nbsp; — | &nbsp;&nbsp; 150208354 | &nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp; 150208354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 243307119 | &nbsp;&nbsp; — | &nbsp;&nbsp; 243307119 |
| &nbsp;&nbsp;&nbsp; Sovereign Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 21265795 | &nbsp;&nbsp; — | &nbsp;&nbsp; 21265795 |
| &nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 17214164 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17214164 |
| &nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 15496155 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15496155 |
| &nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 5868666 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5868666 |
| &nbsp;&nbsp;&nbsp; Senior Loans: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | &nbsp;&nbsp; — | &nbsp;&nbsp; 977417 | &nbsp;&nbsp; 134624 | &nbsp;&nbsp; 1112041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Senior Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; 4679788 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4679788 |
| &nbsp;&nbsp;&nbsp; U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 4072630 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4072630 |
| &nbsp;&nbsp;&nbsp; Preferred Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | &nbsp;&nbsp; $2778328 | &nbsp;&nbsp; 378159 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3156487 |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 265440 | &nbsp;&nbsp; 265440 |
| **Total Investments** | &nbsp;&nbsp; **$2778328** | &nbsp;&nbsp; **$500072831** | &nbsp;&nbsp; **$2751346** | &nbsp;&nbsp; **$505602505** |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $2245420 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $2245420 |
| **Total** | &nbsp;&nbsp; **$5023748** | &nbsp;&nbsp; **$500072831** | &nbsp;&nbsp; **$2751346** | &nbsp;&nbsp; **$507847925** |
| **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $2862319 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $2862319 |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† | &nbsp;&nbsp; — | &nbsp;&nbsp; $14815 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14815 |
| **Total** | &nbsp;&nbsp; **$2862319** | &nbsp;&nbsp; **$14815** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$2877134** |

---

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

---

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

---

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended March 31, 2026. The following transactions were effected

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Western Asset Corporate Bond Fund 2026 Quarterly Report

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

in such company for the period ended March 31, 2026. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2025 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium <br> Shares<br>| $2211675 | $12987211 | 12987211 | $15198886 | 15198886 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>March 31, <br>2026<br>|
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium Shares<br>|  | $3876 |  |  |

---

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Western Asset Corporate Bond Fund 2026 Quarterly Report

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Legg Mason Partners Income Trust

- **b. Investment Company Act file number:** 811-04254

- **c. CIK number of Registrant:** 0000764624

- **d. LEI of Registrant:** 549300Y1U2UCLTK83X35

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

  - **Street Address 1:** One Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 1-877-656-3863

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

- **a. Name of Series:** Western Asset Corporate Bond Fund

- **b. EDGAR series identifier (if any):** S000016627

- **c. LEI of Series:** 549300DBJPHLYDQ5PO37

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $518996728.27

**Total Liabilities:** $7441368.85

**Net Assets:** $511555359.42

**Delayed Delivery Securities:** $666485.60

**Cash Not Reported:** $1691475.26

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 210.98000000 | **1-Year:** 14543.29000000 | **5-Year:** 111098.23000000 | **10-Year:** 181886.51000000 | **30-Year:** 23178.99000000

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

- **3-Month:** 30.27000000 | **1-Year:** 4175.56000000 | **5-Year:** 10403.26000000 | **10-Year:** 7332.13000000 | **30-Year:** 125.17000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000076699 | 0.38%                | 1.18%                | -2.29%               |
| Class ID C000046424 | 0.36%                | 1.17%                | -2.32%               |
| Class ID C000088506 | 0.43%                | 1.05%                | -2.32%               |
| Class ID C000046425 | 0.43%                | 1.23%                | -2.24%               |
| Class ID C000046422 | 0.49%                | 1.10%                | -2.26%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-218272.33              | $172735.96                                 |
| Month 2  | $278485.41               | $4405253.94                                |
| Month 3  | $-623278.24              | $-13321355.58                              |

**Designated Index Information**

- **Index Name:** Bloomberg US Credit

- **Index Identifier:** NA

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United Parcel Service, Inc.                                                                      | UPS 5.95 05/14/55                                                                                                                                      | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    550000 | PA      | $555877.10    | 0.11%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                             | CCL 5.75 03/15/30 144A                                                                                                                                 | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    530000 | PA      | $534492.81    | 0.10%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 4.65 11/20/35                                                                                                                                     | CUSIP: 023135CV6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1049589.00   | 0.21%             | 2035-11-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                                       | SOAF 6.125 12/11/37 144A                                                                                                                               | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1000000 | PA      | $929000.00    | 0.18%             | 2037-12-11      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Houston Electric LLC                                                          | CNP 5.3 04/01/53                                                                                                                                       | CUSIP: 15189XBC1<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    120000 | PA      | $112984.20    | 0.02%             | 2053-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 4.55 03/13/33                                                                                                                                     | CUSIP: 023135DE3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    660000 | PA      | $653840.38    | 0.13%             | 2033-03-13      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                                | EPD V0 08/16/77 D                                                                                                                                      | CUSIP: 29379VBM4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2020000 | PA      | $2019307.54   | 0.39%             | 2077-08-16      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 5.2 07/15/35                                                                                                                                      | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    390000 | PA      | $393181.94    | 0.08%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| POINT BROADBAND FUNDING LLC                                                                      | POINTB 2025-1A A2                                                                                                                                      | CUSIP: 73052AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $701369.06    | 0.14%             | 2055-07-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                          | UNH 5.3 06/15/35                                                                                                                                       | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    450000 | PA      | $459281.32    | 0.09%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V3.964 11/15/48                                                                                                                                    | CUSIP: 46647PAL0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    400000 | PA      | $310597.25    | 0.06%             | 2048-11-15      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                            | RCL 5.5 04/01/28 144A                                                                                                                                  | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    350000 | PA      | $354075.93    | 0.07%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                                      | ABBV 5.4 03/15/54                                                                                                                                      | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    450000 | PA      | $429987.15    | 0.08%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                                                        | NIPLIF 4.748 04/02/31 144A                                                                                                                             | CUSIP: 654579AQ4<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    750000 | PA      | $752154.24    | 0.15%             | 2031-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                                   | HPE 5.6 10/15/54                                                                                                                                       | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    490000 | PA      | $437759.20    | 0.09%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.32 07/19/35                                                                                                                                      | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1405322.49   | 0.27%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                                    | CNC 4.625 12/15/29                                                                                                                                     | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    270000 | PA      | $256483.10    | 0.05%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | 2-Year T-Note Futures, Jun-2026,ETH                                                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       326 | NC      | $-466692.58   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| NBCUniversal Media LLC                                                                           | CMCSA 4.45 01/15/43                                                                                                                                    | CUSIP: 63946BAJ9<br>LEI: VTBDOQJ6KOGQ6K786R46 | Long             | DBT              | CORP              | US        |     62000 | PA      | $51535.97     | 0.01%             | 2043-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                                                                 | PCG V7.375 03/15/55                                                                                                                                    | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    600000 | PA      | $604346.65    | 0.12%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                                | INTC 3.2 08/12/61                                                                                                                                      | CUSIP: 458140BX7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    400000 | PA      | $223412.69    | 0.04%             | 2061-08-12      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | AXP V5.667 04/25/36                                                                                                                                    | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1240763.65   | 0.24%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                               | MO 3.4 02/04/41                                                                                                                                        | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1118295.10   | 0.22%             | 2041-02-04      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 6.75 11/17/28                                                                                                                                     | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    360000 | PA      | $377387.02    | 0.07%             | 2028-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JSC National Company KazMunayGas                                                                 | KZOKZ 3.5 04/14/33 144A                                                                                                                                | CUSIP: 48126PAA0<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    780000 | PA      | $700844.55    | 0.14%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Airbnb Inc                                                                                       | ABNB 4.65 03/16/31                                                                                                                                     | CUSIP: 009066AD3<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    530000 | PA      | $529028.26    | 0.10%             | 2031-03-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Wynnton Funding Trust II                                                                         | AFL 5.991 08/15/55                                                                                                                                     | CUSIP: 983197AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $731905.12    | 0.14%             | 2055-08-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                                                            | FCX 5.45 03/15/43                                                                                                                                      | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    390000 | PA      | $369287.90    | 0.07%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 6.85 02/04/66                                                                                                                                     | CUSIP: 68389XEC5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    740000 | PA      | $680967.97    | 0.13%             | 2066-02-04      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MEX 6 05/07/36                                                                                                                                         | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2240000 | PA      | $2230816.00   | 0.44%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                     | UBS V7 PERP 144                                                                                                                                        | CUSIP: 902613BW7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1100000 | PA      | $1063920.56   | 0.21%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Daimler Trucks Finance North America LLC                                                         | DTRGR 5.375 01/18/34 144A                                                                                                                              | CUSIP: 233853AW0<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    560000 | PA      | $562733.34    | 0.11%             | 2034-01-18      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding Llc                                                                        | HONK 2020-2A A2                                                                                                                                        | CUSIP: 26209XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    824828 | PA      | $774570.20    | 0.15%             | 2051-01-20      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                                           | CITSEC 5.125 01/27/32                                                                                                                                  | CUSIP: 17289RAE6<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    810000 | PA      | $803978.06    | 0.16%             | 2032-01-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                                        | MARS 5.2 03/01/35 144A                                                                                                                                 | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    610000 | PA      | $616029.29    | 0.12%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                                  | SOLV 5.9 04/30/54                                                                                                                                      | CUSIP: 83444MAS0<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    575000 | PA      | $562216.17    | 0.11%             | 2054-04-30      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 4 03/22/50                                                                                                                                          | CUSIP: 92343VFD1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    470000 | PA      | $355212.05    | 0.07%             | 2050-03-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                         | VST 4.7 01/31/31 144A                                                                                                                                  | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295339.32    | 0.06%             | 2031-01-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 5.2 04/15/32                                                                                                                                      | CUSIP: 11135FCG4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1064970.67   | 0.21%             | 2032-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MEX 5.375 03/22/33                                                                                                                                     | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1220000 | PA      | $1195600.00   | 0.23%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 4 07/15/46                                                                                                                                        | CUSIP: 68389XBJ3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1213546.37   | 0.24%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Institute of Technology                                                               | CALTEC 3.65 09/01/19                                                                                                                                   | CUSIP: 13034VAD6<br>LEI: 549300CITPNHOTVPHC04 | Long             | DBT              | CORP              | US        |    590000 | PA      | $368698.16    | 0.07%             | 2119-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 5.65 03/15/35                                                                                                                                     | CUSIP: 50212YAM6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1390109.74   | 0.27%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 5.95 03/13/66                                                                                                                                     | CUSIP: 023135DJ2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    900000 | PA      | $903635.87    | 0.18%             | 2066-03-13      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.             | CHTR 3.5 03/01/42                                                                                                                                      | CUSIP: 161175CE2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    250000 | PA      | $171307.56    | 0.03%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V4.81 10/22/36                                                                                                                                     | CUSIP: 46647PFE1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1350151.20   | 0.26%             | 2036-10-22      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                                                                             | CAPCOP 6.75 03/31/33 144A                                                                                                                              | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $397737.60    | 0.08%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                                 | MRSH 5 03/15/35                                                                                                                                        | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1135750.73   | 0.22%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eaton Corp.                                                                                      | ETN 4.8 03/06/36                                                                                                                                       | CUSIP: 278058DZ2<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    350000 | PA      | $345687.35    | 0.07%             | 2036-03-06      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                               | VRT 5.95 03/15/66                                                                                                                                      | CUSIP: 92537NAD0<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    330000 | PA      | $316110.34    | 0.06%             | 2066-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V6.254 10/23/34                                                                                                                                    | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    620000 | PA      | $666834.02    | 0.13%             | 2034-10-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET 5.8 06/15/38 20Y                                                                                                                                    | CUSIP: 29278NAD5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121680.30    | 0.02%             | 2038-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                                       | ALVGR V6.55 PERP 144a                                                                                                                                  | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $601365.60    | 0.12%             | N/A             | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Fox Corporation                                                                                  | FOXA 5.476 01/25/39                                                                                                                                    | CUSIP: 35137LAJ4<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    630000 | PA      | $609737.19    | 0.12%             | 2039-01-25      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 5.25 04/02/35                                                                                                                                       | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1211922.48   | 0.24%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2023-NQM5                                                        | BRAVO 2023-NQM5 A3                                                                                                                                     | CUSIP: 10569UAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    715927 | PA      | $717225.23    | 0.14%             | 2063-06-25      | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                                                                   | PHM 4.9 03/01/36                                                                                                                                       | CUSIP: 745867AZ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $347968.14    | 0.07%             | 2036-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Antofagasta PLC                                                                                  | ANTOLN 5.625 09/09/35 144A                                                                                                                             | CUSIP: 03718NAD8<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |   1560000 | PA      | $1543149.25   | 0.30%             | 2035-09-09      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                           | UAL 4.625 04/15/29 144A                                                                                                                                | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2860000 | PA      | $2807887.65   | 0.55%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Massachusetts Mutual Life Insurance Co.                                                          | MASSMU 3.375 04/15/50 144A                                                                                                                             | CUSIP: 575767AQ1<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $169368.73    | 0.03%             | 2050-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                               | META 5.75 11/15/65                                                                                                                                     | CUSIP: 30303M8Y1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2416786.01   | 0.47%             | 2065-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco S.a r.l.                                                               | GASBCM 5.8528 02/23/36 144A                                                                                                                            | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    940000 | PA      | $944406.72    | 0.18%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                                                            | AL V6 PERP D                                                                                                                                           | CUSIP: 00912XBQ6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    960000 | PA      | $928931.33    | 0.18%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc.                                                                             | DAL 3.75 10/28/29                                                                                                                                      | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    640000 | PA      | $616332.05    | 0.12%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 4.95 01/15/36                                                                                                                                     | CUSIP: 11135FDB4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1479942.59   | 0.29%             | 2036-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings, LLC                                                                   | Truist Insurance Holdings Term Loan B 275 2031-05-01                                                                                                   | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    629516 | PA      | $622238.92    | 0.12%             | 2031-05-06      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                                                                | ISRAEL 5.5 03/12/34 10Y                                                                                                                                | CUSIP: 46514BRL3<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   2140000 | PA      | $2170336.81   | 0.42%             | 2034-03-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | 5-Year T-Note Futures, Jun-2026,ETH                                                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1060 | NC      | $-1294648.72  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                                                                        | RTX 4.625 11/16/48                                                                                                                                     | CUSIP: 913017CX5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    400000 | PA      | $340779.23    | 0.07%             | 2048-11-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Buenos Aires (Province Of)                                                                       | BUENOS 6.625 09/01/37 144A                                                                                                                             | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    372476 | PA      | $281685.18    | 0.06%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| AECOM                                                                                            | ACM 6 08/01/33 144A                                                                                                                                    | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1029821.09   | 0.20%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                            | LOW 3 10/15/50                                                                                                                                         | CUSIP: 548661DZ7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    700000 | PA      | $432934.31    | 0.08%             | 2050-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RENEW 2024-1                                                                                     | RENEW 2024-1A A                                                                                                                                        | CUSIP: 75973VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1818481 | PA      | $1825954.95   | 0.36%             | 2059-11-20      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                                    | WMB 5.3 09/30/35                                                                                                                                       | CUSIP: 969457CS7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449784.29    | 0.09%             | 2035-09-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Alaska Airlines Pass Through Trust 2020-1A                                                       | ALK 4.8 08/15/27 144A                                                                                                                                  | CUSIP: 01166VAA7<br>LEI: PG4W4UTDTMMEBRGLO537 | Long             | ABS-O            | CORP              | US        |    531888 | PA      | $532332.41    | 0.10%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 7.875 09/15/31                                                                                                                                     | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1138179.00   | 0.22%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR OHIO INC                                                                        | OH AMEPWR 7.5 02/15/2050                                                                                                                               | CUSIP: 02765UDV3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    450000 | PA      | $518792.67    | 0.10%             | 2050-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Rollins Inc                                                                                      | ROL 5.25 02/24/35                                                                                                                                      | CUSIP: 775711AC8<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |    650000 | PA      | $649880.13    | 0.13%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V5.045 02/06/37                                                                                                                                    | CUSIP: 060505GR9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1056195.06   | 0.21%             | 2037-02-06      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | ACI 3.5 03/15/29 144A                                                                                                                                  | CUSIP: 013092AG6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    400000 | PA      | $381784.04    | 0.07%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM15 TRUST                                                                             | OBX 2024-NQM15 A2                                                                                                                                      | CUSIP: 67449DAB5<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-O            | CORP              | US        |    536953 | PA      | $539461.24    | 0.11%             | 2064-10-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                                                     | NOC 5.25 05/01/50                                                                                                                                      | CUSIP: 666807BU5<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185630.09    | 0.04%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                          | UNH 5.5 07/15/44                                                                                                                                       | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    380000 | PA      | $366961.74    | 0.07%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                                                                  | GEV 5.5 02/04/56                                                                                                                                       | CUSIP: 36828AAC5<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    430000 | PA      | $413953.88    | 0.08%             | 2056-02-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                                   | BNP V6.875 PERP 144A                                                                                                                                   | CUSIP: 05602XQR2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    950000 | PA      | $918508.17    | 0.18%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                                                        | VNOM 5.7 08/01/35                                                                                                                                      | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    890000 | PA      | $897480.45    | 0.18%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                          | UNH 2.75 05/15/40                                                                                                                                      | CUSIP: 91324PDY5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    520000 | PA      | $378488.81    | 0.07%             | 2040-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V5.511 01/24/36                                                                                                                                    | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2662551.15   | 0.52%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 7.95 06/15/39                                                                                                                                      | CUSIP: 674599DH5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    860000 | PA      | $1008472.98   | 0.20%             | 2039-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                                       | BABA 3.15 02/09/51                                                                                                                                     | CUSIP: 01609WAZ5<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   1030000 | PA      | $691427.71    | 0.14%             | 2051-02-09      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                                                          | STACR 2021-DNA6 B1                                                                                                                                     | CUSIP: 35564KLU1<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-O            | USGSE             | US        |   1950000 | PA      | $1971664.89   | 0.39%             | 2041-10-25      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated                                                       | RGA V6.375 09/15/56                                                                                                                                    | CUSIP: 759351AV1<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483505.65    | 0.09%             | 2056-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                                                        | UNP 2.973 09/16/62                                                                                                                                     | CUSIP: 907818FN3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $614618.90    | 0.12%             | 2062-09-16      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| GE Aerospace                                                                                     | GE 4.9 01/29/36                                                                                                                                        | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200238.96    | 0.04%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                 | TEVA 5.125 05/09/29                                                                                                                                    | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    220000 | PA      | $219429.01    | 0.04%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AASET 2024-1 TRUST                                                                               | AASET 2024-1A A2                                                                                                                                       | CUSIP: 00255JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1028991 | PA      | $1045143.55   | 0.20%             | 2049-05-16      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 3.8 12/01/57                                                                                                                                         | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $757948.49    | 0.15%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Mercadolibre Inc                                                                                 | MELI 3.125 01/14/31                                                                                                                                    | CUSIP: 58733RAF9<br>LEI: 549300DKPDN9M5S8GB14 | Long             | DBT              | CORP              | US        |    720000 | PA      | $657273.46    | 0.13%             | 2031-01-14      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GOODGREEN 2023-1 LTD                                                                             | GOODG 2023-1A A                                                                                                                                        | CUSIP: 38217DAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |    621370 | PA      | $619714.25    | 0.12%             | 2061-01-17      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 3.5 09/15/53                                                                                                                                         | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    216000 | PA      | $141744.78    | 0.03%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Vistra Zero Operating Company, LLC                                                               | Vistra Zero Operating Company Term Loan B 275 2031-03-05                                                                                               | CUSIP: 92841DAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1063650 | PA      | $1060081.45   | 0.21%             | 2031-04-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                              | CATMED 2.782 10/01/30                                                                                                                                  | CUSIP: 20268JAF0<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    620000 | PA      | $570465.43    | 0.11%             | 2030-10-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Kaiser Foundation Hospitals                                                                      | KPERM 3.002 06/01/51 2021                                                                                                                              | CUSIP: 48305QAG8<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    320000 | PA      | $205491.32    | 0.04%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                           | UAL 5.8 01/15/36                                                                                                                                       | CUSIP: 90932LAJ6<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |   2322101 | PA      | $2398197.64   | 0.47%             | 2036-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                 | PCG 4.75 02/15/44                                                                                                                                      | CUSIP: 694308HH3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    390000 | PA      | $326222.09    | 0.06%             | 2044-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 4.875 03/13/36                                                                                                                                    | CUSIP: 023135DF0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    680000 | PA      | $674065.36    | 0.13%             | 2036-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                               | META 4.875 11/15/35                                                                                                                                    | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    785000 | PA      | $770429.97    | 0.15%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                                                          | CHTR 6.55 05/01/37                                                                                                                                     | CUSIP: 88732JAJ7<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |    610000 | PA      | $615475.40    | 0.12%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                                                                      | BBVASM 5.25 09/10/29 144A                                                                                                                              | CUSIP: 07336UAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2365745.00   | 0.46%             | 2029-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MEX 6.625 01/29/38                                                                                                                                     | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1150000 | PA      | $1174725.00   | 0.23%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Limited                                                                    | MPEL 6.5 09/24/33 144A                                                                                                                                 | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    360000 | PA      | $345845.06    | 0.07%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OHIO EDISON CO                                                                                   | FE 4.95 12/15/29 144A                                                                                                                                  | CUSIP: 677347CJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $495472.31    | 0.10%             | 2029-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V5.423 01/25/41                                                                                                                                    | CUSIP: 693475CF0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2058180.54   | 0.40%             | 2041-01-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                                     | SNPS 5.7 04/01/55                                                                                                                                      | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    620000 | PA      | $593179.90    | 0.12%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                | HSBC V7 PERP .                                                                                                                                         | CUSIP: 404280FJ3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1520000 | PA      | $1505710.94   | 0.29%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Granite Ridge Resources Inc                                                                      | GRNT 8.875 11/05/29                                                                                                                                    | CUSIP: 387432AA5<br>LEI: 254900CAHJQKOQ1YZC67 | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1702518.75   | 0.33%             | 2029-11-05      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                 | PCG 3.5 08/01/50                                                                                                                                       | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    810000 | PA      | $536007.85    | 0.10%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Valor                                                                                            | Valor                                                                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    265440 | NS      | $265440.00    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 2.45 12/02/27 144A                                                                                                                                 | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1002122.07   | 0.20%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                            | SO 5.2 03/15/35                                                                                                                                        | CUSIP: 373334LB5<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2072994.27   | 0.41%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V6.5 PERP OO                                                                                                                                       | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1355263.80   | 0.26%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                          | UNH 5.375 04/15/54                                                                                                                                     | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    860000 | PA      | $791563.95    | 0.15%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Meiji Yasuda Life Insurance Co.                                                                  | MYLIFE V6.1 06/11/55 144A                                                                                                                              | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |   1890000 | PA      | $1898368.92   | 0.37%             | 2055-06-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V5.766 04/22/35                                                                                                                                    | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1937971.27   | 0.38%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                                                                    | PETBRA 5.5 06/10/51                                                                                                                                    | CUSIP: 71647NBJ7<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    690000 | PA      | $552192.23    | 0.11%             | 2051-06-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                                                                 | SANLTD 5.4 08/08/28                                                                                                                                    | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |   1830000 | PA      | $1844855.94   | 0.36%             | 2028-08-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 5.55 02/06/53                                                                                                                                     | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1381433.91   | 0.27%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| PG&E Wildfire Recovery Funding LLC                                                               | PCG 5.099 06/01/52 A-5                                                                                                                                 | CUSIP: 693342AK3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $64760.72     | 0.01%             | 2052-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.073 01/30/37                                                                                                                                     | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $2092499.79   | 0.41%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MEX 4.35 01/15/47                                                                                                                                      | CUSIP: 91087BAB6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    940000 | PA      | $689960.00    | 0.13%             | 2047-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WEA Finance LLC / Westfield UK & Europe Finance PLC                                              | URWFP 4.75 09/17/44 144A                                                                                                                               | CUSIP: 92890HAD4<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              | CORP              | US        |    350000 | PA      | $293064.01    | 0.06%             | 2044-09-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.942 02/07/39                                                                                                                                     | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    770000 | PA      | $787471.71    | 0.15%             | 2039-02-07      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                              | CMCSA 6.5 11/15/35                                                                                                                                     | CUSIP: 20030NAK7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    205000 | PA      | $223802.18    | 0.04%             | 2035-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                                                     | NOC 5.15 05/01/40                                                                                                                                      | CUSIP: 666807BT8<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    560000 | PA      | $546222.46    | 0.11%             | 2040-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V5.605 04/23/36                                                                                                                                    | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1361506.66   | 0.27%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| DCP Midstream Operating LP                                                                       | DCP 3.25 02/15/32                                                                                                                                      | CUSIP: 23311VAK3<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    390000 | PA      | $354646.16    | 0.07%             | 2032-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)              | AER 3.85 10/29/41                                                                                                                                      | CUSIP: 00774MAZ8<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   1540000 | PA      | $1227724.44   | 0.24%             | 2041-10-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 5.7 01/15/56                                                                                                                                      | CUSIP: 11135FDD0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189149.08    | 0.04%             | 2056-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                 | PM 4.25 11/10/44                                                                                                                                       | CUSIP: 718172BL2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    440000 | PA      | $364771.53    | 0.07%             | 2044-11-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Loan Trust 2016-A                                                      | NAVSL 2020-DA A                                                                                                                                        | CUSIP: 63941HAA0<br>LEI: 549300JSCKIU587G1R13 | Long             | ABS-O            | CORP              | US        |    110755 | PA      | $105836.60    | 0.02%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                                                                 | SANLTD 4.375 06/18/30 REGS                                                                                                                             | CUSIP: 000000000<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    870000 | PA      | $840053.82    | 0.16%             | 2030-06-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                       | BA 6.858 05/01/54                                                                                                                                      | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    680000 | PA      | $749003.29    | 0.15%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Limited                                                                    | MPEL 5.375 12/04/29 144A                                                                                                                               | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    770000 | PA      | $740222.37    | 0.14%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc.                                                                          | MIK 8.5 03/15/33 144A                                                                                                                                  | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1023276.45   | 0.20%             | 2033-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                            | AAL 5.65 11/11/34 B                                                                                                                                    | CUSIP: 02377PAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $453170.88    | 0.09%             | 2034-11-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                                | PAA V0 PERP B                                                                                                                                          | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |   2272000 | PA      | $2267841.79   | 0.44%             | N/A             | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                                     | SO 4.85 03/15/35                                                                                                                                       | CUSIP: 842587EA1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    510000 | PA      | $496348.72    | 0.10%             | 2035-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                           | TFC V4.964 10/23/36 MTN                                                                                                                                | CUSIP: 89788MAV4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    790000 | PA      | $765513.73    | 0.15%             | 2036-10-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Pampa Energia SA                                                                                 | PAMPAR 7.95 09/10/31 144A                                                                                                                              | CUSIP: 697660AE8<br>LEI: 254900QNIK0CVURGML24 | Long             | DBT              | CORP              | AR        |    360000 | PA      | $375714.00    | 0.07%             | 2031-09-10      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V4.898 01/22/37                                                                                                                                    | CUSIP: 46647PFJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    550000 | PA      | $538387.09    | 0.11%             | 2037-01-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | U.S. Treasury Bond Futures, Jun-2026,ETH                                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       326 | NC      | $-1069480.11  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                                                                       | OKE 6.625 09/01/53                                                                                                                                     | CUSIP: 682680BN2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    790000 | PA      | $811446.75    | 0.16%             | 2053-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 4.5 03/09/48 144A                                                                                                                                    | CUSIP: 00206RDL3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    690000 | PA      | $557292.40    | 0.11%             | 2048-03-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VERIZON CALIFORNIA INC                                                                           | FYBR 6.75 05/15/27 F                                                                                                                                   | CUSIP: 362311AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2203664.00   | 0.43%             | 2027-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JG WENTWORTH XXXIX LLC SERIES 2017-2                                                             | HENDR 2017-2A B                                                                                                                                        | CUSIP: 46620VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    420986 | PA      | $380603.80    | 0.07%             | 2074-09-17      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Bahamas (Commonwealth of)                                                                        | BAHAMA 8.25 06/24/36 144A                                                                                                                              | CUSIP: 056732AP5<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |    930000 | PA      | $995174.40    | 0.19%             | 2036-06-24      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Yamana Gold Inc                                                                                  | YRICN 2.63 08/15/31                                                                                                                                    | CUSIP: 98462YAF7<br>LEI: 54930002VY22NXG01418 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $195367.59    | 0.04%             | 2031-08-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V5.333 03/27/36 .                                                                                                                                    | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160544.18    | 0.03%             | 2036-03-27      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                           | UAL 5.875 02/15/37 24-A                                                                                                                                | CUSIP: 90932WAB9<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |    620232 | PA      | $639354.53    | 0.12%             | 2037-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 2.65 11/20/40                                                                                                                                       | CUSIP: 92343VFT6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    290000 | PA      | $203701.02    | 0.04%             | 2040-11-20      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| SOFI PROFESSIONAL LOAN PROGRAM 2021-A TRUST                                                      | SOFI 2021-A AFX                                                                                                                                        | CUSIP: 83405YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330498 | PA      | $294343.14    | 0.06%             | 2043-08-17      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 5.65 03/13/46                                                                                                                                     | CUSIP: 023135DG8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    710000 | PA      | $707963.41    | 0.14%             | 2046-03-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                   | WES 6.15 04/01/33                                                                                                                                      | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31327.29     | 0.01%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                 | PCG 5.8 05/15/34                                                                                                                                       | CUSIP: 694308KR7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    490000 | PA      | $502255.56    | 0.10%             | 2034-05-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | 10-Year T-Note Futures, Jun-2026,ETH                                                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        39 | NC      | $-31497.63    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.687 04/22/32                                                                                                                                    | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $997198.49    | 0.19%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| JBS NV                                                                                           | JBS 6.4 05/10/57 144A                                                                                                                                  | CUSIP: 46590XBC9<br>LEI: 254900JSFON4WL81TW77 | Long             | DBT              | CORP              | NL        |    360000 | PA      | $359604.00    | 0.07%             | 2057-05-10      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                                                                  | GEV 4.875 02/04/36                                                                                                                                     | CUSIP: 36828AAB7<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    590000 | PA      | $584982.13    | 0.11%             | 2036-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Kaiser Foundation Hospitals                                                                      | KPERM 2.81 06/01/41 2021                                                                                                                               | CUSIP: 48305QAF0<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    660000 | PA      | $479825.25    | 0.09%             | 2041-06-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| Lbj Infrastructure Group Llc                                                                     | CINCON 3.797 12/31/57 144A                                                                                                                             | CUSIP: 50203UAA1<br>LEI: 254900DEJSU2OQFZWQ97 | Long             | DBT              | CORP              | US        |    910000 | PA      | $648315.66    | 0.13%             | 2057-12-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| VCI ASSET HOLDINGS 2 LLC                                                                         | Valor                                                                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1462600.00   | 0.29%             | 2031-02-06      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Firstenergy Transmission Llc                                                                     | FE 5 01/15/35                                                                                                                                          | CUSIP: 33767BAH2<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    430000 | PA      | $424039.61    | 0.08%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                 | TEVA 3.15 10/01/26                                                                                                                                     | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    228000 | PA      | $225871.35    | 0.04%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2022-1                                                                   | CARMX 2024-1 D                                                                                                                                         | CUSIP: 14318WAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    570000 | PA      | $580000.82    | 0.11%             | 2030-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                                                        | UNP 3.799 04/06/71                                                                                                                                     | CUSIP: 907818FS2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    250000 | PA      | $168809.59    | 0.03%             | 2071-04-06      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                                      | HUM 5.875 03/01/33                                                                                                                                     | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    210000 | PA      | $214673.17    | 0.04%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Nuveen LLC                                                                                       | TIAAGL 5.85 04/15/34 144A                                                                                                                              | CUSIP: 67080LAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    870000 | PA      | $899194.69    | 0.18%             | 2034-04-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| 2023-MIC TRUST/THE                                                                               | THE 2023-MIC A                                                                                                                                         | CUSIP: 87256GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1040000 | PA      | $1108114.38   | 0.22%             | 2038-12-05      | Variable      | 8.44%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                               | ARCC 5.5 09/01/30                                                                                                                                      | CUSIP: 04010LBK8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2221078.85   | 0.43%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                                                           | OCPMR 5.125 06/23/51 144A                                                                                                                              | CUSIP: 67091TAE5<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    240000 | PA      | $187518.60    | 0.04%             | 2051-06-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                                                              | HII 5.749 01/15/35                                                                                                                                     | CUSIP: 446413BB1<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    620000 | PA      | $642653.61    | 0.13%             | 2035-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                                           | BPLN V6.125 PERP                                                                                                                                       | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $706287.40    | 0.14%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                                | FE 4.85 07/15/47 C                                                                                                                                     | CUSIP: 337932AJ6<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    360000 | PA      | $307779.98    | 0.06%             | 2047-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                              | NEE V6.375 08/15/55                                                                                                                                    | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    570000 | PA      | $580999.29    | 0.11%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SOLRR AIRCRAFT 2021-1 LTD                                                                        | SOLRR 2021-1 A                                                                                                                                         | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1078660 | PA      | $1025518.10   | 0.20%             | 2046-10-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                    | F 7.122 11/07/33                                                                                                                                       | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    210000 | PA      | $220703.68    | 0.04%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET 6 02/01/29 144A                                                                                                                                     | CUSIP: 226373AR9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1189432.77   | 0.23%             | 2029-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM15 TRUST                                                                             | OBX 2024-NQM15 A3                                                                                                                                      | CUSIP: 67449DAC3<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-O            | CORP              | US        |   1138599 | PA      | $1141258.27   | 0.22%             | 2064-10-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| VERDELITE STATIC CLO 2024-1 LTD                                                                  | BVSTAT 2024-1A B                                                                                                                                       | CUSIP: 92338VAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1280000 | PA      | $1281505.02   | 0.25%             | 2032-07-20      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                         | LLOYDS V6.75 PERP                                                                                                                                      | CUSIP: 53944YAJ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $454113.00    | 0.09%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.664 04/17/36                                                                                                                                     | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    670000 | PA      | $686497.37    | 0.13%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                                              | ONCRTX 5.55 06/15/54                                                                                                                                   | CUSIP: 68233JCU6<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    710000 | PA      | $679248.88    | 0.13%             | 2054-06-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                                                                  | CI 5.6 02/15/54                                                                                                                                        | CUSIP: 125523CW8<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    300000 | PA      | $284295.36    | 0.06%             | 2054-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                                | EPD V5.375 02/15/78                                                                                                                                    | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1828261.17   | 0.36%             | 2078-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Honeywell Aerospace Inc.                                                                         | HONA 5.732 03/16/56 144A                                                                                                                               | CUSIP: 43849RAJ4<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1216655.35   | 0.24%             | 2056-03-16      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                                           | MU 3.366 11/01/41                                                                                                                                      | CUSIP: 595112BT9<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |     80000 | PA      | $62141.56     | 0.01%             | 2041-11-01      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                 | PM 5.25 02/13/34                                                                                                                                       | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    480000 | PA      | $488994.88    | 0.10%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRANSCONTINENTAL GAS PIPELINE COMPANY LLC                                                        | WMB 5.1 03/15/36 144A                                                                                                                                  | CUSIP: 893574AS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    940000 | PA      | $932061.73    | 0.18%             | 2036-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Yamana Gold Inc                                                                                  | YRICN 4.625 12/15/27                                                                                                                                   | CUSIP: 98462YAD2<br>LEI: 54930002VY22NXG01418 | Long             | DBT              | CORP              | CA        |   1550000 | PA      | $1547061.65   | 0.30%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                         | VST 5.35 01/31/36 144A                                                                                                                                 | CUSIP: 92840VAZ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1076749.85   | 0.21%             | 2036-01-31      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V5.851 04/25/35                                                                                                                                     | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1100300.06   | 0.22%             | 2035-04-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                                                      | DKS 4 10/01/29 144A                                                                                                                                    | CUSIP: 253393AH5<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1119449.40   | 0.22%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JBS USA LLC                                                                                      | JBS 6.375 02/25/55                                                                                                                                     | CUSIP: 472140AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $358980.98    | 0.07%             | 2055-02-25      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                                            | ETR 5.65 04/15/56                                                                                                                                      | CUSIP: 29364WBS6<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1499706.58   | 0.29%             | 2056-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Airbnb Inc                                                                                       | ABNB 5.25 03/16/36                                                                                                                                     | CUSIP: 009066AE1<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    800000 | PA      | $801123.90    | 0.16%             | 2036-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fedex Freight Holding Co. Inc.                                                                   | FDX 4.65 03/15/31 144A                                                                                                                                 | CUSIP: 314352AC9<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    580000 | PA      | $570319.67    | 0.11%             | 2031-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Manulife Financial Corporation                                                                   | MFCCN 4.986 12/11/35                                                                                                                                   | CUSIP: 56501RAX4<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |   2170000 | PA      | $2120893.49   | 0.41%             | 2035-12-11      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| New York Life Insurance Co.                                                                      | NYLIFE 3.75 05/15/50 144A                                                                                                                              | CUSIP: 64952GAT5<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |    730000 | PA      | $529885.96    | 0.10%             | 2050-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                              | CMCSA 3.969 11/01/47                                                                                                                                   | CUSIP: 20030NCC3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    200000 | PA      | $147328.82    | 0.03%             | 2047-11-01      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| RENEW 2023-1 LTD                                                                                 | RENEW 2023-1A A                                                                                                                                        | CUSIP: 75973HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   1643584 | PA      | $1687907.03   | 0.33%             | 2058-11-20      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 3 02/15/41                                                                                                                                        | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    930000 | PA      | $680396.72    | 0.13%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                            | SO 5.25 03/15/34                                                                                                                                       | CUSIP: 373334KW0<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    790000 | PA      | $807057.48    | 0.16%             | 2034-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                        | IVYCST 6.75 02/25/41 144A                                                                                                                              | CUSIP: 221625AX4<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1620000 | PA      | $1426618.22   | 0.28%             | 2041-02-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOODGREEN 2022-1                                                                                 | GOODG 2022-1A A                                                                                                                                        | CUSIP: 38218JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    304012 | PA      | $271929.60    | 0.05%             | 2056-10-15      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP                                                                              | AFRFIN 5.55 10/08/29 144A                                                                                                                              | CUSIP: 00830YAF8<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | NUSS              | NG        |   1620000 | PA      | $1633193.18   | 0.32%             | 2029-10-08      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                            | RCL 6 02/01/33 144A                                                                                                                                    | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    410000 | PA      | $414197.22    | 0.08%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fedex Freight Holding Co. Inc.                                                                   | FDX 4.95 03/15/33 144A                                                                                                                                 | CUSIP: 314352AE5<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292699.72    | 0.06%             | 2033-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                     | UBS V7.125 PERP 144a                                                                                                                                   | CUSIP: 225401BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1050000 | PA      | $1032806.25   | 0.20%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                                                 | DTE 5.55 03/01/56 B                                                                                                                                    | CUSIP: 23338VBA3<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    610000 | PA      | $590251.27    | 0.12%             | 2056-03-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Ecuador (Republic Of)                                                                            | ECUA 8.75 01/29/34 144A                                                                                                                                | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    835000 | PA      | $820387.50    | 0.16%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.125 02/15/36                                                                                                                                       | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    790000 | PA      | $777717.96    | 0.15%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 4.78 03/25/38                                                                                                                                      | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    460000 | PA      | $424155.74    | 0.08%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CRSO TRUST 2023-BRND                                                                             | CRSO TRUST 2023-BRND 7.1207% MTG BDS 10/07/28 USD1000 A 144A                                                                                           | CUSIP: 228925AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1326393 | PA      | $1367769.83   | 0.27%             | 2040-07-12      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                                      | BRKHEC V7.125 08/15/56                                                                                                                                 | CUSIP: 695114DG0<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1710420.14   | 0.33%             | 2056-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V5.502 01/24/36                                                                                                                                    | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1699664.46   | 0.33%             | 2036-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                 | PCG 4.95 07/01/50                                                                                                                                      | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    320000 | PA      | $265279.66    | 0.05%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                            | AAL 4.9 05/11/38                                                                                                                                       | CUSIP: 02377NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    620000 | PA      | $605503.84    | 0.12%             | 2038-05-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                                                                      | LMT 4.3 06/15/62                                                                                                                                       | CUSIP: 539830BT5<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    360000 | PA      | $280869.23    | 0.05%             | 2062-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                       | BA 3.75 02/01/50                                                                                                                                       | CUSIP: 097023CQ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $787939.78    | 0.15%             | 2050-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 5.75 06/15/35                                                                                                                                     | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    450000 | PA      | $448433.08    | 0.09%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                               | VRT 5.8 03/15/56                                                                                                                                       | CUSIP: 92537NAC2<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288596.41    | 0.06%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 5.2 09/26/35                                                                                                                                      | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    180000 | PA      | $168929.87    | 0.03%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V4.892 10/22/36 I                                                                                                                                   | CUSIP: 61748UAN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2369379.03   | 0.46%             | 2036-10-22      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                                                                   | PHM 4.25 03/01/31                                                                                                                                      | CUSIP: 745867AY7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2728006.90   | 0.53%             | 2031-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| R.R. Donnelley & Sons Co.                                                                        | RRD 9.5 08/01/29 144A                                                                                                                                  | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1387829.18   | 0.27%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 4.375 04/15/40                                                                                                                                    | CUSIP: 87264AAX3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $131932.89    | 0.03%             | 2040-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Duke Energy Indiana, LLC.                                                                        | DUK 3.25 10/01/49 YYY                                                                                                                                  | CUSIP: 26443TAB2<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    900000 | PA      | $607403.42    | 0.12%             | 2049-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp.                               | LADR 5.5 08/01/30                                                                                                                                      | CUSIP: 505742AS5<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |    530000 | PA      | $531335.05    | 0.10%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                                                           | GM 5.6 10/15/32                                                                                                                                        | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    488000 | PA      | $499836.43    | 0.10%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Spire Inc                                                                                        | SR V6.25 06/01/56                                                                                                                                      | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    550000 | PA      | $545590.49    | 0.11%             | 2056-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                | HSBC V2.871 11/22/32                                                                                                                                   | CUSIP: 404280CY3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $268536.54    | 0.05%             | 2032-11-22      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                      | FMCN 8 03/01/33 144A                                                                                                                                   | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    780000 | PA      | $814010.34    | 0.16%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                               | EIX 6.2 09/15/55                                                                                                                                       | CUSIP: 842400JK0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    430000 | PA      | $426867.98    | 0.08%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V4.503 09/11/31                                                                                                                                      | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1690967.97   | 0.33%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V5.065 01/21/37                                                                                                                                     | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2122357.02   | 0.41%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET 5.55 05/15/34                                                                                                                                       | CUSIP: 29273VAY6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    520000 | PA      | $529680.04    | 0.10%             | 2034-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                          | UNH 5.95 06/15/55                                                                                                                                      | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    370000 | PA      | $373015.03    | 0.07%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                             | EIX 4.8 03/15/31                                                                                                                                       | CUSIP: 281020BD8<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1147588.75   | 0.22%             | 2031-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AES Corp.                                                                                        | AES V6.95 07/15/55                                                                                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    700000 | PA      | $653785.58    | 0.13%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| CRH America Finance, Inc.                                                                        | CRHID 5.6 02/09/56                                                                                                                                     | CUSIP: 12636YAK8<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    420000 | PA      | $403460.45    | 0.08%             | 2056-02-09      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                     | UBS V5.01 03/23/37 144A                                                                                                                                | CUSIP: 225401BP2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    890000 | PA      | $861024.88    | 0.17%             | 2037-03-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                                                                                   | KR 5.5 09/15/54                                                                                                                                        | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1012991.93   | 0.20%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                                                                 | CFELEC 6.045 01/28/34 144A                                                                                                                             | CUSIP: 200447AQ3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    790000 | PA      | $766576.50    | 0.15%             | 2034-01-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                               | HBAN V5.605 01/28/41                                                                                                                                   | CUSIP: 446150BL7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1523144.19   | 0.30%             | 2041-01-28      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Barrick (PD) Australia Finance Pty Ltd                                                           | ABXCN 5.95 10/15/39                                                                                                                                    | CUSIP: 06849UAD7<br>LEI: 5493008DX0TK7OFLV260 | Long             | DBT              | CORP              | AU        |    450000 | PA      | $461892.75    | 0.09%             | 2039-10-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 6.95 01/15/28                                                                                                                                        | CUSIP: 00206RHX3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2899962.74   | 0.57%             | 2028-01-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V6.85 PERP                                                                                                                                          | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    690000 | PA      | $703757.22    | 0.14%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN RAILWAY CO                                                                      | NSC 7.875 05/15/43                                                                                                                                     | CUSIP: 655855FB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    348000 | PA      | $421785.09    | 0.08%             | 2043-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C 8.125 07/15/39                                                                                                                                       | CUSIP: 172967EW7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    407000 | PA      | $507230.57    | 0.10%             | 2039-07-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MEX 5.85 07/02/32                                                                                                                                      | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $200970.00    | 0.04%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| TEAM SERVICES HOLDING INC                                                                        | TEAPUB 9 02/15/33 144A                                                                                                                                 | CUSIP: 87821TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $598589.80    | 0.12%             | 2033-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                                        | TD V8.125 10/31/82                                                                                                                                     | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1170000 | PA      | $1207757.07   | 0.24%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 5.45 11/15/55                                                                                                                                    | CUSIP: 02079KBA4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    440000 | PA      | $426315.16    | 0.08%             | 2055-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                               | META 4.6 11/15/32                                                                                                                                      | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    310000 | PA      | $307063.51    | 0.06%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ROMARK CLO - V LTD                                                                               | RMRK 2021-5A BR                                                                                                                                        | CUSIP: 77588PAQ5<br>LEI: 549300NIP2J0NPQTYT18 | Long             | ABS-CBDO         | CORP              | KY        |   1370000 | PA      | $1362220.73   | 0.27%             | 2035-01-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                                     | SNPS 5 04/01/32                                                                                                                                        | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    620000 | PA      | $625588.29    | 0.12%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 4.926 05/15/37 144A                                                                                                                               | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    630000 | PA      | $611466.38    | 0.12%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Loews Corporation                                                                                | L 4.94 04/01/36                                                                                                                                        | CUSIP: 540424AU2<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489639.03    | 0.10%             | 2036-04-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                                                                     | MET V5.85 03/15/56 .                                                                                                                                   | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1502462.88   | 0.29%             | 2056-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Fresnillo PLC                                                                                    | FRESLN 4.25 10/02/50 144A                                                                                                                              | CUSIP: 358070AB6<br>LEI: 549300JXWH1UV5J0XV81 | Long             | DBT              | CORP              | GB        |   1320000 | PA      | $1002830.66   | 0.20%             | 2050-10-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN PLC                                                                               | AALLN 5.25 03/19/36 144A                                                                                                                               | CUSIP: 034863BJ8<br>LEI: 549300S9XF92D1X8ME43 | Long             | DBT              | CORP              | GB        |    650000 | PA      | $635841.94    | 0.12%             | 2036-03-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 5.35 11/15/45                                                                                                                                    | CUSIP: 02079KAZ0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    440000 | PA      | $430485.34    | 0.08%             | 2045-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                               | MO 3.875 09/16/46                                                                                                                                      | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    200000 | PA      | $146681.18    | 0.03%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET 6.125 12/15/45                                                                                                                                      | CUSIP: 29273RBJ7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    230000 | PA      | $224957.81    | 0.04%             | 2045-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 5.8 03/13/56                                                                                                                                      | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    580000 | PA      | $579943.44    | 0.11%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                                     | UAL 5.375 03/01/31                                                                                                                                     | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    620000 | PA      | $607951.35    | 0.12%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                                                        | NIPLIF V3.4 01/23/50 144A                                                                                                                              | CUSIP: 654579AG6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    320000 | PA      | $298121.66    | 0.06%             | 2050-01-23      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                                        | BRAVO 2023-NQM5 A1                                                                                                                                     | CUSIP: 10569UAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    498156 | PA      | $498946.21    | 0.10%             | 2063-06-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners LP                                                                 | KMI 7.3 08/15/33                                                                                                                                       | CUSIP: 494550AQ9<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    390000 | PA      | $440490.83    | 0.09%             | 2033-08-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                               | MO 2.45 02/04/32                                                                                                                                       | CUSIP: 02209SBL6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    560000 | PA      | $491567.24    | 0.10%             | 2032-02-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 5.375 08/15/35                                                                                                                                       | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    700000 | PA      | $709344.32    | 0.14%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                                                       | ACACN 3.75 12/15/27 144A                                                                                                                               | CUSIP: 009088AA3<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | ABS-O            | CORP              | CA        |    352233 | PA      | $348185.05    | 0.07%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                                           | MU 6.05 11/01/35                                                                                                                                       | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    820000 | PA      | $885173.76    | 0.17%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                                 | BNSF 4.4 03/15/42                                                                                                                                      | CUSIP: 12189LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    510000 | PA      | $448224.41    | 0.09%             | 2042-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                            | TRGP 4.2 02/01/33                                                                                                                                      | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    400000 | PA      | $378890.88    | 0.07%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                             | GLENLN 5.508 04/01/36 144A                                                                                                                             | CUSIP: 378272CE6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    480000 | PA      | $481258.91    | 0.09%             | 2036-04-01      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Massachusetts Mutual Life Insurance Co.                                                          | MASSMU 4.9 04/01/77 144A                                                                                                                               | CUSIP: 575767AL2<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    670000 | PA      | $530266.11    | 0.10%             | 2077-04-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                                                           | OCPMR 3.75 06/23/31 144A                                                                                                                               | CUSIP: 67091TAD7<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    690000 | PA      | $627517.74    | 0.12%             | 2031-06-23      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                                        | NEE 5.7 03/15/55                                                                                                                                       | CUSIP: 341081GY7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    960000 | PA      | $956794.95    | 0.19%             | 2055-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5.05 03/25/48                                                                                                                                      | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    610000 | PA      | $523726.05    | 0.10%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                                            | AON 5.45 03/01/34                                                                                                                                      | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40866.03     | 0.01%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 5.875 09/26/45                                                                                                                                    | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1036058.45   | 0.20%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Corporation                                                                       | LNT V5.75 04/01/56                                                                                                                                     | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486287.85    | 0.10%             | 2056-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN TRANSMISSION SYSTEMS INC                                                                | FE 2.65 01/15/32 144A                                                                                                                                  | CUSIP: 030288AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    920000 | PA      | $824758.32    | 0.16%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                                                             | HWM 4.75 04/15/36                                                                                                                                      | CUSIP: 443201AH1<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243156.15    | 0.05%             | 2036-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| M.D.C. Holdings Inc.                                                                             | Sekisui House US Inc                                                                                                                                   | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1299273.01   | 0.25%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 6.9 11/09/52                                                                                                                                      | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    270000 | PA      | $255137.50    | 0.05%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                                                             | ASUCOR 8 12/31/32 144A                                                                                                                                 | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    590000 | PA      | $612589.91    | 0.12%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                              | CMCSA 2.937 11/01/56                                                                                                                                   | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    823000 | PA      | $456277.57    | 0.09%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Pm General Purchaser Llc                                                                         | AMGENE 9.5 10/01/28 144A                                                                                                                               | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1403572.80   | 0.27%             | 2028-10-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 5.65 02/15/56                                                                                                                                    | CUSIP: 02079KBP1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69824.86     | 0.01%             | 2056-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 6.05 08/15/56                                                                                                                                        | CUSIP: 00206RMZ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246394.64    | 0.05%             | 2056-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V5.294 07/22/35                                                                                                                                    | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1883659.85   | 0.37%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.299 07/21/32                                                                                                                                    | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1209813.01   | 0.24%             | 2032-07-21      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Schweitzer-Mauduit International Inc                                                             | Mativ Holdings Inc                                                                                                                                     | CUSIP: 80854EAH1<br>LEI: 549300Z1FU4IDULG1R21 | Long             | LON              | CORP              | US        |    134624 | PA      | $134623.76    | 0.03%             | 2028-04-20      | Floating      | 7.53%                 | No            |                  3 | On Loan: No      |
| Enterprise Products Operating LLC                                                                | EPD 3.3 02/15/53                                                                                                                                       | CUSIP: 29379VCB7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    720000 | PA      | $476224.52    | 0.09%             | 2053-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                   | WES 5.45 04/01/44                                                                                                                                      | CUSIP: 958254AD6<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $980315.38    | 0.19%             | 2044-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                                                        | DUK 6.1 06/01/37                                                                                                                                       | CUSIP: 26442CAA2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    490000 | PA      | $517764.83    | 0.10%             | 2037-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Duke Energy Indiana, LLC.                                                                        | DUK 5.9 05/15/55                                                                                                                                       | CUSIP: 26443TAF3<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1309911.16   | 0.26%             | 2055-05-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                               | META 5.5 11/15/45                                                                                                                                      | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1619295.63   | 0.32%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northern States Power Company                                                                    | XEL 5.65 05/15/55                                                                                                                                      | CUSIP: 665772DA4<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    760000 | PA      | $746401.10    | 0.15%             | 2055-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                                                          | MRP 6.375 08/01/30 144A                                                                                                                                | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2050746.00   | 0.40%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PG&E Wildfire Recovery Funding LLC                                                               | PCG 5.081 06/01/41 A-3                                                                                                                                 | CUSIP: 693342AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $379508.59    | 0.07%             | 2041-06-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                                    | CA CAS 7.3 10/01/2039                                                                                                                                  | CUSIP: 13063A7D0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    600000 | PA      | $689862.06    | 0.13%             | 2039-10-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V2.561 05/01/32                                                                                                                                      | CUSIP: 172967MY4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    360000 | PA      | $322164.91    | 0.06%             | 2032-05-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                            | UBER 4.8 09/15/35                                                                                                                                      | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    940000 | PA      | $912593.55    | 0.18%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Ares Management Corporation                                                                      | ARES 5.6 10/11/54                                                                                                                                      | CUSIP: 03990BAB7<br>LEI: 529900JUV61FH7B8VW38 | Long             | DBT              | CORP              | US        |     70000 | PA      | $61717.15     | 0.01%             | 2054-10-11      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                               | EIX 5.25 03/15/30                                                                                                                                      | CUSIP: 842400JJ3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507921.77    | 0.10%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                                                                  | GEV 4.25 02/04/31                                                                                                                                      | CUSIP: 36828AAA9<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    660000 | PA      | $652788.85    | 0.13%             | 2031-02-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MidCap Financial Issuer Trust                                                                    | MIDCAP F 01/15/56 144a                                                                                                                                 | CUSIP: 59590AAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1042866.53   | 0.20%             | 2056-01-15      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                               | EIX 3.65 02/01/50                                                                                                                                      | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    690000 | PA      | $473763.47    | 0.09%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V4.586 04/26/33                                                                                                                                    | CUSIP: 46647PDC7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $690950.66    | 0.14%             | 2033-04-26      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Delphi Financial Group, Inc.                                                                     | Delphi Financial Group, Inc. 7.376% FIXED TO FLOAT RATE JUNIOR SUBORDINATED DEBENTURES DUE 2067                                                        | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |     15675 | NS      | $378159.38    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TransAlta Corporation                                                                            | TACN 6.5 03/15/40                                                                                                                                      | CUSIP: 89346DAE7<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $207023.91    | 0.04%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                       | BA 3.3 03/01/35                                                                                                                                        | CUSIP: 097023BK0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    530000 | PA      | $455282.32    | 0.09%             | 2035-03-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                                      | RIOLN 5.25 03/14/35                                                                                                                                    | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1060000 | PA      | $1077382.08   | 0.21%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                                              | ABT 4.75 03/15/38                                                                                                                                      | CUSIP: 002824BV1<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291042.53    | 0.06%             | 2038-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                                           | BATSLN 8.125 05/01/40 *                                                                                                                                | CUSIP: 761713BV7<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    610000 | PA      | $727180.90    | 0.14%             | 2040-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                                        | NEE 3.15 10/01/49                                                                                                                                      | CUSIP: 341081FX0<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    280000 | PA      | $187964.76    | 0.04%             | 2049-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Eagle Funding Luxco S.a.r.l.                                                                     | MEXPCP 5.5 08/17/30 144A                                                                                                                               | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |   2000000 | PA      | $2013000.00   | 0.39%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIV CALIF REGTS MED CTR                                                                         | CA UNVHGR 3.01 05/15/2050                                                                                                                              | CUSIP: 913366KB5<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $997658.38    | 0.20%             | 2050-05-15      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| Duke Energy Indiana, LLC.                                                                        | DUK 5.4 04/01/53                                                                                                                                       | CUSIP: 26443TAD8<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    520000 | PA      | $483163.35    | 0.09%             | 2053-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                                      | CQP 3.25 01/31/32                                                                                                                                      | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    570000 | PA      | $519674.01    | 0.10%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                                           | MU 2.703 04/15/32                                                                                                                                      | CUSIP: 595112BS1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    600000 | PA      | $541556.30    | 0.11%             | 2032-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 6.375 03/01/41                                                                                                                                       | CUSIP: 00206RDG4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    753000 | PA      | $798397.53    | 0.16%             | 2041-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Apld Computeco 2 LLC                                                                             | PFORGE 6.75 03/15/31 144A                                                                                                                              | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $397335.64    | 0.08%             | 2031-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FS COMMERCIAL MORTGAGE TRUST 2023-4SZN                                                           | FS 2023-4SZN B                                                                                                                                         | CUSIP: 30334RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1190000 | PA      | $1203759.85   | 0.24%             | 2039-11-14      | Variable      | 7.54%                 | No            |                  2 | On Loan: No      |
| NEW GENERATION GAS                                                                               | New Generation Gas Gathering LLC                                                                                                                       | CUSIP: 000000000<br>LEI: 9845008CB7EPB0KCD474 | Long             | DBT              | CORP              | US        |   2260811 | PA      | $2351281.82   | 0.46%             | 2029-09-30      | Floating      | 9.41%                 | No            |                  3 | On Loan: No      |
| Pacific Gas and Electric Company                                                                 | PCG 6.7 04/01/53                                                                                                                                       | CUSIP: 694308KK2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82888.38     | 0.02%             | 2053-04-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Teck Resources Limited                                                                           | TCKBCN 5.4 02/01/43                                                                                                                                    | CUSIP: 878742AZ8<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $492924.27    | 0.10%             | 2043-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                                                           | GM 5.95 04/01/49                                                                                                                                       | CUSIP: 37045VAT7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    180000 | PA      | $168553.48    | 0.03%             | 2049-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                      | FMCN 6.375 02/15/36 144A                                                                                                                               | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1480000 | PA      | $1424924.46   | 0.28%             | 2036-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 2.875 11/20/50                                                                                                                                      | CUSIP: 92343VFU3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    360000 | PA      | $218527.93    | 0.04%             | 2050-11-20      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET 5.95 05/15/54                                                                                                                                       | CUSIP: 29273VAW0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $469265.92    | 0.09%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2023-R08 1M1                                                                                                                                       | CUSIP: 20755CAA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    485652 | PA      | $485917.18    | 0.09%             | 2043-10-26      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.482 09/21/36                                                                                                                                    | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1367202.46   | 0.27%             | 2036-09-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                       | BATSLN 6.25 08/15/55                                                                                                                                   | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    650000 | PA      | $658104.69    | 0.13%             | 2055-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                             | GLENLN 5.673 04/01/35 144A                                                                                                                             | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1471681.28   | 0.29%             | 2035-04-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Legg Mason Partners Institutional Trust                                                          | Legg Mason Partners Institutional Trust GVT RSEVS PRM                                                                                                  | CUSIP: 52470G494<br>LEI: 549300WB3XRN9YTWFB76 | Long             | STIV             | RF                | US        |    423929 | NS      | $423928.87    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 4.375 11/15/32                                                                                                                                   | CUSIP: 02079KAX5<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    360000 | PA      | $358062.81    | 0.07%             | 2032-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.831 10/24/51 MTN                                                                                                                                | CUSIP: 06051GJM2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    260000 | PA      | $159355.11    | 0.03%             | 2051-10-24      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 5.3 05/15/35                                                                                                                                      | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1351655.31   | 0.26%             | 2035-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                                                             | LVS 6 08/15/29                                                                                                                                         | CUSIP: 517834AK3<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51402.78     | 0.01%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                                                                      | LMT 4.15 06/15/53                                                                                                                                      | CUSIP: 539830BS7<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    290000 | PA      | $229127.23    | 0.04%             | 2053-06-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                         | LLOYDS V4.943 11/04/36                                                                                                                                 | CUSIP: 53944YBE2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $869018.56    | 0.17%             | 2036-11-04      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Teachers Insurance and Annuity Association of America                                            | TIAAGL 4.27 05/15/47 144A                                                                                                                              | CUSIP: 878091BF3<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |    170000 | PA      | $136809.08    | 0.03%             | 2047-05-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                               | ACAFP V4.818 09/25/33 144A                                                                                                                             | CUSIP: 22535WAS6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    360000 | PA      | $352815.72    | 0.07%             | 2033-09-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 4.95 02/04/31                                                                                                                                     | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107665.84    | 0.02%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 5.875 11/15/55                                                                                                                                    | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    750000 | PA      | $731870.35    | 0.14%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 4.8 02/15/36                                                                                                                                     | CUSIP: 02079KBM8<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    580000 | PA      | $577740.38    | 0.11%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                   | WES 4.05 02/01/30                                                                                                                                      | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87425.63     | 0.02%             | 2030-02-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V4.33 03/15/50 MTN                                                                                                                                 | CUSIP: 06051GHS1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    140000 | PA      | $113585.90    | 0.02%             | 2050-03-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                | HSBC V5.279 03/10/37                                                                                                                                   | CUSIP: 404280FM6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1150000 | PA      | $1129774.98   | 0.22%             | 2037-03-10      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| APEX CREDIT CLO 2021-2 LTD                                                                       | APEXC 2021-2A CR                                                                                                                                       | CUSIP: 03755QAJ2<br>LEI: 254900H6CNZLCIDMYC58 | Long             | ABS-CBDO         | CORP              | KY        |    470000 | PA      | $453011.71    | 0.09%             | 2034-10-20      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| TRANSCONTINENTAL GAS PIPELINE COMPANY LLC                                                        | WMB 4.45 08/01/42                                                                                                                                      | CUSIP: 893574AF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    960000 | PA      | $826581.05    | 0.16%             | 2042-08-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                | HSBC V2.357 08/18/31                                                                                                                                   | CUSIP: 404280CK3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    560000 | PA      | $505267.30    | 0.10%             | 2031-08-18      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc.                                                                              | ADI 5.3 04/01/54                                                                                                                                       | CUSIP: 032654BC8<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    320000 | PA      | $303935.71    | 0.06%             | 2054-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                              | ABIBB 5.8 01/23/59                                                                                                                                     | CUSIP: 03523TBW7<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1414426.41   | 0.28%             | 2059-01-23      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Life Insurance Co.                                                           | NWMLIC 3.85 09/30/47 144A                                                                                                                              | CUSIP: 668138AA8<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    660000 | PA      | $505108.39    | 0.10%             | 2047-09-30      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Honeywell Aerospace Inc.                                                                         | HONA 5.622 03/16/46 144A                                                                                                                               | CUSIP: 43849RAH8<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    440000 | PA      | $433863.64    | 0.08%             | 2046-03-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.516 11/19/55                                                                                                                                     | CUSIP: 61747YFV2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    160000 | PA      | $152025.83    | 0.03%             | 2055-11-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 3.55 09/15/55                                                                                                                                        | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1283000 | PA      | $835049.40    | 0.16%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                | HSBC V5.286 11/19/30                                                                                                                                   | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1560000 | PA      | $1588638.17   | 0.31%             | 2030-11-19      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                             | CCL 5.125 05/01/29 144A                                                                                                                                | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1130000 | PA      | $1122323.46   | 0.22%             | 2029-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                              | CEG 5.875 01/15/66                                                                                                                                     | CUSIP: 210385AR1<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    990000 | PA      | $951170.00    | 0.19%             | 2066-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V6.125 PERP GG                                                                                                                                     | CUSIP: 95002YAE3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1445801.31   | 0.28%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Fedex Freight Holding Co. Inc.                                                                   | FDX 5.25 03/15/36 144A                                                                                                                                 | CUSIP: 314352AG0<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    860000 | PA      | $832364.11    | 0.16%             | 2036-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V4.26 02/22/48                                                                                                                                     | CUSIP: 46647PAA4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    720000 | PA      | $589133.28    | 0.12%             | 2048-02-22      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                                          | BHI 5 06/15/36                                                                                                                                         | CUSIP: 05724BAP4<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1424175.08   | 0.28%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                                                        | NIPLIF V6.5 04/30/55 144a                                                                                                                              | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    850000 | PA      | $878845.60    | 0.17%             | 2055-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                       | AMGN 5.65 03/02/53                                                                                                                                     | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    420000 | PA      | $407063.22    | 0.08%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                                      | SRE 6 06/15/55                                                                                                                                         | CUSIP: 842434DD1<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1101798.23   | 0.22%             | 2055-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cimarex Energy Corporation                                                                       | Coterra Energy Operating Co                                                                                                                            | CUSIP: 171798AE1<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1678411.20   | 0.33%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                                          | BHI 5.85 06/15/56                                                                                                                                      | CUSIP: 05724BAQ2<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1331744.90   | 0.26%             | 2056-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Aes Andes S.A                                                                                    | AES 6.25 03/14/32 144A                                                                                                                                 | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    730000 | PA      | $749666.93    | 0.15%             | 2032-03-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                                          | DUK 5.875 11/15/33                                                                                                                                     | CUSIP: 26444HAQ4<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    620000 | PA      | $658516.16    | 0.13%             | 2033-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                               | MO 4.25 08/09/42                                                                                                                                       | CUSIP: 02209SAM5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     60000 | PA      | $48925.49     | 0.01%             | 2042-08-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                           | FABSJV 5.9 01/25/33                                                                                                                                    | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1440537.35   | 0.28%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Kaiser Foundation Hospitals                                                                      | KPERM 4.15 05/01/47                                                                                                                                    | CUSIP: 48305QAD5<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    250000 | PA      | $203830.81    | 0.04%             | 2047-05-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                                     | SO V6.375 03/15/55 2025                                                                                                                                | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    900000 | PA      | $926041.50    | 0.18%             | 2055-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| El Fondo Mivivienda SA                                                                           | MIVIVI 5.4 03/31/31 144A                                                                                                                               | CUSIP: 344593AG3<br>LEI: 549300X41PNOK11PZ670 | Long             | DBT              | NUSS              | PE        |    460000 | PA      | $460575.00    | 0.09%             | 2031-03-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. L.L.C.                                                           | BX 2.85 08/05/51 144A                                                                                                                                  | CUSIP: 09261BAF7<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |   1980000 | PA      | $1178636.14   | 0.23%             | 2051-08-05      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V3.217 04/22/42                                                                                                                                     | CUSIP: 61772BAC7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $226382.11    | 0.04%             | 2042-04-22      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                                                               | CNP 5.4 07/01/34                                                                                                                                       | CUSIP: 15189WAS9<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    380000 | PA      | $388102.38    | 0.08%             | 2034-07-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V4.443 01/20/48 MTN                                                                                                                                | CUSIP: 06051GGG8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     90000 | PA      | $75643.33     | 0.01%             | 2048-01-20      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                                                             | LVS 3.9 08/08/29                                                                                                                                       | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    670000 | PA      | $645981.97    | 0.13%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                                   | BNP V7.75 PERP 144A                                                                                                                                    | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    550000 | PA      | $567821.65    | 0.11%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Bermuda (Government of)                                                                          | BERMUD 2.375 08/20/30 144A                                                                                                                             | CUSIP: 085209AG9<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    660000 | PA      | $598290.00    | 0.12%             | 2030-08-20      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Continental Resources, Inc.                                                                      | CLR 2.268 11/15/26 144A                                                                                                                                | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393632.90    | 0.08%             | 2026-11-15      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.             | CHTR 3.95 06/30/62                                                                                                                                     | CUSIP: 161175CG7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    240000 | PA      | $141134.61    | 0.03%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                     | UBS V9.25 PERP 144A                                                                                                                                    | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    930000 | PA      | $1047737.07   | 0.20%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                                        | RTX 6.1 03/15/34                                                                                                                                       | CUSIP: 75513ECW9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21544.81     | 0.00%             | 2034-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.             | CHTR 3.85 04/01/61                                                                                                                                     | CUSIP: 161175BY9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    260000 | PA      | $151983.50    | 0.03%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                                           | BATSLN 5.85 08/15/45                                                                                                                                   | CUSIP: 761713BB1<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    540000 | PA      | $523305.71    | 0.10%             | 2045-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                               | VEGLPL 6.75 01/15/36 144A                                                                                                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    370000 | PA      | $392126.74    | 0.08%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FORD HOLDINGS INC                                                                                | F 9.3 03/01/30                                                                                                                                         | CUSIP: 345277AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $335734.83    | 0.07%             | 2030-03-01      | Fixed         | 9.30%                 | No            |                  2 | On Loan: No      |
| Florida Gas Transmission Co.                                                                     | CITCOR 2.3 10/01/31 144A                                                                                                                               | CUSIP: 340711BA7<br>LEI: 549300Q0UQF87NXNOC32 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1443828.40   | 0.28%             | 2031-10-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management Inc                                                                     | APO 5.7 03/30/36                                                                                                                                       | CUSIP: 03769MAG1<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1942733.25   | 0.38%             | 2036-03-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 4.7 09/27/34                                                                                                                                      | CUSIP: 68389XCT0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    560000 | PA      | $511319.57    | 0.10%             | 2034-09-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                              | CMCSA 4.95 10/15/58                                                                                                                                    | CUSIP: 20030NCN9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    560000 | PA      | $458031.86    | 0.09%             | 2058-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery PLC                                                                           | BRSL 5.25 01/15/29 144A                                                                                                                                | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1126000 | PA      | $1117587.54   | 0.22%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                                                        | UNP 5.6 12/01/54                                                                                                                                       | CUSIP: 907818GH5<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39231.69     | 0.01%             | 2054-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | USD/JPY FORWARD                                                                                                                                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-14814.80    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                                      | GLPI 5.625 03/01/36                                                                                                                                    | CUSIP: 361841AX7<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1781547.46   | 0.35%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.75 02/15/56                                                                                                                                        | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    420000 | PA      | $409696.88    | 0.08%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 5.25 05/15/55                                                                                                                                    | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1162299.72   | 0.23%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                                 | MRSH 4.95 03/15/36                                                                                                                                     | CUSIP: 571748CF7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    650000 | PA      | $644201.37    | 0.13%             | 2036-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| The Depository Trust Company                                                                     | DTCSLF 4.3 03/27/29 144A                                                                                                                               | CUSIP: 249672AC0<br>LEI: 549300HBJLRO8YFMI370 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250237.85    | 0.05%             | 2029-03-27      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                         | CE 7 02/15/31                                                                                                                                          | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    310000 | PA      | $318543.29    | 0.06%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MONONGAHELA POWER CO                                                                             | FE 5.85 02/15/34 144A                                                                                                                                  | CUSIP: 609935AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $767992.71    | 0.15%             | 2034-02-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                                                     | BMY 5.55 02/22/54                                                                                                                                      | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    320000 | PA      | $308343.38    | 0.06%             | 2054-02-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                                                            | Petco Animal Supplies Term Loan B 425 2031-01-11                                                                                                       | CUSIP: 71601HAG1<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    680000 | PA      | $666168.80    | 0.13%             | 2031-01-22      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V5.211 12/03/35                                                                                                                                    | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1962160.64   | 0.38%             | 2035-12-03      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass Through Trust Series 2016-2                                                 | UAL 3.1 10/07/28 A                                                                                                                                     | CUSIP: 90932DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1342937 | PA      | $1287541.04   | 0.25%             | 2028-10-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 5.5 02/15/46                                                                                                                                     | CUSIP: 02079KBN6<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    550000 | PA      | $545907.99    | 0.11%             | 2046-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                                                               | ATH V6.875 06/28/55                                                                                                                                    | CUSIP: 04686JAM3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    540000 | PA      | $505147.05    | 0.10%             | 2055-06-28      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                               | SANTAN V9.625 PERP _                                                                                                                                   | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $1154993.00   | 0.23%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V5.389 04/24/34                                                                                                                                    | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1141000 | PA      | $1158462.54   | 0.23%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc.                                             | RKT 2.875 10/15/26 144A                                                                                                                                | CUSIP: 77313LAA1<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |    890000 | PA      | $880866.38    | 0.17%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                                | EPD 4.25 02/15/48                                                                                                                                      | CUSIP: 29379VBQ5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    310000 | PA      | $249924.78    | 0.05%             | 2048-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REDWOOD FUNDING TRUST 2025-3                                                                     | RFT 2025-3 A                                                                                                                                           | CUSIP: 75806GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1246110 | PA      | $1257949.10   | 0.25%             | 2056-12-28      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET 8.25 11/15/29 *                                                                                                                                     | CUSIP: 29273RBC2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    961000 | PA      | $1069221.71   | 0.21%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Dai-ichi Life Insurance Co. Ltd. (The)                                                           | DAIL V6.2 PERP 144A                                                                                                                                    | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |   1060000 | PA      | $1066726.76   | 0.21%             | N/A             | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                                                            | FCX 5.4 11/14/34                                                                                                                                       | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    590000 | PA      | $598986.34    | 0.12%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                                | INTC 4.9 08/05/52                                                                                                                                      | CUSIP: 458140CB4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    560000 | PA      | $457850.53    | 0.09%             | 2052-08-05      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                                           | MU 5.8 01/15/35                                                                                                                                        | CUSIP: 595112CE1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    300000 | PA      | $319529.07    | 0.06%             | 2035-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS V7 03/10/55                                                                                                                                        | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    890000 | PA      | $917828.52    | 0.18%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                                | NWG V5.115 05/23/31                                                                                                                                    | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1313416.82   | 0.26%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                               | ACAFP V5.261 01/12/37 144A                                                                                                                             | CUSIP: 22535WAU1<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1940000 | PA      | $1898758.80   | 0.37%             | 2037-01-12      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                                     | SNPS 5.15 04/01/35                                                                                                                                     | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    930000 | PA      | $932110.64    | 0.18%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                                                         | FLTR 5.875 06/04/31 144A                                                                                                                               | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    950000 | PA      | $941925.00    | 0.18%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 5.5 02/23/54                                                                                                                                        | CUSIP: 92343VGW8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    380000 | PA      | $359453.72    | 0.07%             | 2054-02-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Carnival PLC                                                                                     | CCL 7.875 06/01/27                                                                                                                                     | CUSIP: 693070AD6<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |    810000 | PA      | $838857.87    | 0.16%             | 2027-06-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES PASS THROUGH TRUST 2015-1                                                      | AAL 3.375 05/01/27                                                                                                                                     | CUSIP: 023770AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255058 | PA      | $251972.97    | 0.05%             | 2027-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                                  | WYNMAC 5.125 12/15/29 144A                                                                                                                             | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    420000 | PA      | $403061.82    | 0.08%             | 2029-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 5.55 11/20/65                                                                                                                                     | CUSIP: 023135CY0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1115771.55   | 0.22%             | 2065-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Hexcel Corporation                                                                               | HXL 5.875 02/26/35                                                                                                                                     | CUSIP: 428291AP3<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |   1460000 | PA      | $1499708.47   | 0.29%             | 2035-02-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                                        | RTX 3.125 07/01/50                                                                                                                                     | CUSIP: 75513EAC5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    390000 | PA      | $256675.70    | 0.05%             | 2050-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                                                          | CHTR 7.3 07/01/38                                                                                                                                      | CUSIP: 88732JAN8<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |    830000 | PA      | $869098.75    | 0.17%             | 2038-07-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                           | FABSJV 6.15 01/25/32                                                                                                                                   | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    820000 | PA      | $856679.65    | 0.17%             | 2032-01-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                                                             | HWM 4.85 10/15/31                                                                                                                                      | CUSIP: 443201AC2<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    680000 | PA      | $688016.38    | 0.13%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                                      | ABBV 5.5 03/15/64                                                                                                                                      | CUSIP: 00287YDX4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    560000 | PA      | $534427.45    | 0.10%             | 2064-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V5.387 02/02/41                                                                                                                                     | CUSIP: 38145GAU4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2180000 | PA      | $2107006.93   | 0.41%             | 2041-02-02      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| ILFC E-Capital Trust II                                                                          | ILFC E-Capital Trust II                                                                                                                                | CUSIP: 44965UAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $227145.57    | 0.04%             | 2065-12-21      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| African Export-Import Bank                                                                       | AFREXI 2.634 05/17/26 144A                                                                                                                             | CUSIP: 00831TAB7<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | EG        |   1010000 | PA      | $1009307.47   | 0.20%             | 2026-05-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                              | CMCSA 6.05 05/15/55                                                                                                                                    | CUSIP: 20030NEQ0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1138929.55   | 0.22%             | 2055-05-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 5.407 10/15/35 144A                                                                                                                                | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    840000 | PA      | $824493.42    | 0.16%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Baltimore Gas & Electric Company                                                                 | EXC 5.45 06/01/35                                                                                                                                      | CUSIP: 059165ET3<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    660000 | PA      | $677006.14    | 0.13%             | 2035-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Raymond James Financial Inc.                                                                     | RJF 5.65 09/11/55                                                                                                                                      | CUSIP: 754730AK5<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    350000 | PA      | $331626.31    | 0.06%             | 2055-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING COMPANY LP                                                                  | FPH 8 10/01/30 144A                                                                                                                                    | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $618931.62    | 0.12%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Gruma S.A.B.de C.V.                                                                              | GRUMAB 5.39 12/09/34 144A                                                                                                                              | CUSIP: 400131AH1<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | DBT              | CORP              | MX        |    760000 | PA      | $757112.45    | 0.15%             | 2034-12-09      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                                   | BNP V9.25 PERP 144A                                                                                                                                    | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1250000 | PA      | $1307867.50   | 0.26%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Asplundh Tree Expert LLC                                                                         | Asplundh Tree Expert Term Loan B 175 2027-08-01                                                                                                        | CUSIP: 04538FAD1<br>LEI: 549300R0YQTCFHYAL481 | Long             | LON              | CORP              | US        |    975281 | PA      | $977417.23    | 0.19%             | 2027-09-07      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                                                                     | MET V6.35 03/15/55 G                                                                                                                                   | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    820000 | PA      | $832477.12    | 0.16%             | 2055-03-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                                | EPD 5.7 02/15/42                                                                                                                                       | CUSIP: 29379VAV5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    270000 | PA      | $270589.09    | 0.05%             | 2042-02-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                       | BATSLN 6 02/20/34                                                                                                                                      | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    640000 | PA      | $676704.62    | 0.13%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                                                            | WOOF 8.25 02/01/31 144A                                                                                                                                | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |    290000 | PA      | $289801.15    | 0.06%             | 2031-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                                      | CQP 5.55 10/30/35                                                                                                                                      | CUSIP: 16411QAW1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    560000 | PA      | $570513.66    | 0.11%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MidCap Financial Issuer Trust                                                                    | MIDCAP 5.37 04/15/29 144A                                                                                                                              | CUSIP: 59590AAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2509276.05   | 0.49%             | 2029-04-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                            | TRGP 6.5 03/30/34                                                                                                                                      | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    420000 | PA      | $454173.00    | 0.09%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.676 06/19/41 MTN                                                                                                                                | CUSIP: 06051GJE0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    340000 | PA      | $243872.30    | 0.05%             | 2041-06-19      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                            | LOW 4.25 09/15/44                                                                                                                                      | CUSIP: 548661DE4<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |      6000 | PA      | $4767.68      | 0.00%             | 2044-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp.                               | LADR 7 07/15/31 144A                                                                                                                                   | CUSIP: 505742AR7<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113784.11    | 0.02%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                                     | AVOL 4.95 10/15/32 144A                                                                                                                                | CUSIP: 05401ABC4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2270000 | PA      | $2211822.03   | 0.43%             | 2032-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                               | EIX 2.5 06/01/31 G                                                                                                                                     | CUSIP: 842400HD8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    920000 | PA      | $822093.46    | 0.16%             | 2031-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                                                     | BMY 5.5 02/22/44                                                                                                                                       | CUSIP: 110122EJ3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216147.86    | 0.04%             | 2044-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V2.484 09/16/36                                                                                                                                     | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $2840529.02   | 0.56%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                                                          | Talen Energy Supply Term Loan B (Incremental) 200 2032-10-04                                                                                           | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |    468825 | PA      | $469746.24    | 0.09%             | 2032-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| SCE Recovery Funding LLC                                                                         | EIX 4.697 06/15/40 A-1                                                                                                                                 | CUSIP: 78433LAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1046452 | PA      | $1011013.02   | 0.20%             | 2040-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JG WENTWORTH XLII LLC                                                                            | HENDR 2018-2A B                                                                                                                                        | CUSIP: 46590UAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150097 | PA      | $136313.58    | 0.03%             | 2077-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JBS NV                                                                                           | JBS 5.625 03/10/37 144A                                                                                                                                | CUSIP: 46590XBA3<br>LEI: 254900JSFON4WL81TW77 | Long             | DBT              | CORP              | NL        |    310000 | PA      | $311164.05    | 0.06%             | 2037-03-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.             | CHTR 3.5 06/01/41                                                                                                                                      | CUSIP: 161175BZ6<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    830000 | PA      | $582617.45    | 0.11%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 2.987 10/30/56                                                                                                                                      | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    360000 | PA      | $211456.70    | 0.04%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                                              | ONCRTX 3.1 09/15/49 *                                                                                                                                  | CUSIP: 68233JBR4<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    590000 | PA      | $385665.60    | 0.08%             | 2049-09-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Pampa Energia SA                                                                                 | PAMPAR 7.875 12/16/34 144A                                                                                                                             | CUSIP: 697660AF5<br>LEI: 254900QNIK0CVURGML24 | Long             | DBT              | CORP              | AR        |    130000 | PA      | $134504.50    | 0.03%             | 2034-12-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 6.55 09/15/43                                                                                                                                       | CUSIP: 92343VBT0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    230000 | PA      | $247182.53    | 0.05%             | 2043-09-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                                                              | NY PORTRN 4.96 08/01/2046                                                                                                                              | CUSIP: 73358WRP1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    770000 | PA      | $722725.54    | 0.14%             | 2046-08-01      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Chimera Investment Corporation                                                                   | Chimera Investment Corporation 7.75% SER C FIXED TO FLOAT CUM RED PFD STOCK                                                                            | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     24654 | NS      | $486176.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                                                     | UBS V5.199 08/10/37 144A                                                                                                                               | CUSIP: 225401BT4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1870000 | PA      | $1827268.39   | 0.36%             | 2037-08-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 3.65 09/15/59                                                                                                                                        | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    133000 | PA      | $86248.76     | 0.02%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.625 02/15/46                                                                                                                                       | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    260000 | PA      | $250676.56    | 0.05%             | 2046-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                                                                    | PETBRA 6.9 03/19/49                                                                                                                                    | CUSIP: 71647NBD0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $240553.58    | 0.05%             | 2049-03-19      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE ESCROW CL                                                                          | CREDIT SUISSE ESCROW CL                                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22790000 | PA      | $0.00         | 0.00%             | 2050-01-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                                              | ONCRTX 5.8 04/01/55                                                                                                                                    | CUSIP: 68233JDD3<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    340000 | PA      | $336738.79    | 0.07%             | 2055-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Dominion Energy South Carolina Inc                                                               | D 5.3 01/15/35 2025                                                                                                                                    | CUSIP: 25731VAC8<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | DBT              | CORP              | US        |    570000 | PA      | $582969.15    | 0.11%             | 2035-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                                                            | NY NYSHGR 5.83 07/01/2055                                                                                                                              | CUSIP: 64985SFG3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1321849.66   | 0.26%             | 2055-07-01      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Full House Resorts Inc.                                                                          | FLL 8.25 02/15/28 144A                                                                                                                                 | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2500250.00   | 0.49%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Teck Resources Limited                                                                           | TCKBCN 6.25 07/15/41                                                                                                                                   | CUSIP: 878742AW5<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | DBT              | CORP              | CA        |    690000 | PA      | $690183.57    | 0.13%             | 2041-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Carlyle Group Inc                                                                                | CG 5.05 09/19/35                                                                                                                                       | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |    850000 | PA      | $820918.07    | 0.16%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                       | AMGN 4.4 05/01/45                                                                                                                                      | CUSIP: 031162BZ2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    350000 | PA      | $295428.90    | 0.06%             | 2045-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                              | CATMED 5.318 12/01/34                                                                                                                                  | CUSIP: 20268JAS2<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1413024.01   | 0.28%             | 2034-12-01      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V4.96 01/23/37                                                                                                                                     | CUSIP: 95000U4E0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    740000 | PA      | $721141.10    | 0.14%             | 2037-01-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                                                             | HWM 4.55 11/15/32                                                                                                                                      | CUSIP: 443201AD0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1234309.79   | 0.24%             | 2032-11-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Eaton Corp.                                                                                      | ETN 5.45 03/06/56                                                                                                                                      | CUSIP: 278058EA6<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    780000 | PA      | $755589.89    | 0.15%             | 2056-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 5.45 11/20/55                                                                                                                                     | CUSIP: 023135CW4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    500000 | PA      | $478002.95    | 0.09%             | 2055-11-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                       | AMGN 4.663 06/15/51                                                                                                                                    | CUSIP: 031162CF5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    339000 | PA      | $284605.00    | 0.06%             | 2051-06-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                                        | RTX 3.03 03/15/52                                                                                                                                      | CUSIP: 75513ECP4<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    960000 | PA      | $609979.06    | 0.12%             | 2052-03-15      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 5.35 05/04/33                                                                                                                                     | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    310000 | PA      | $301889.05    | 0.06%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                                                        | UNP 3.75 02/05/70                                                                                                                                      | CUSIP: 907818FL7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    400000 | PA      | $267126.30    | 0.05%             | 2070-02-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| General Dynamics Corporation                                                                     | GD 4.25 04/01/40                                                                                                                                       | CUSIP: 369550BH0<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |    490000 | PA      | $440296.32    | 0.09%             | 2040-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S A                                                           | SQM 3.5 09/10/51 144A                                                                                                                                  | CUSIP: 833636AL7<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | DBT              | CORP              | CL        |   1250000 | PA      | $808037.50    | 0.16%             | 2051-09-10      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                         | VST 5.7 12/30/34 144A                                                                                                                                  | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    330000 | PA      | $332241.69    | 0.06%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                       | BA 6.528 05/01/34                                                                                                                                      | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2223109.75   | 0.43%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 5.85 02/15/56                                                                                                                                     | CUSIP: 87264AEA9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $990576.97    | 0.19%             | 2056-02-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable Enterprises LLC                                                                | CHTR 8.375 07/15/33                                                                                                                                    | CUSIP: 88731EAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1078000 | PA      | $1221208.13   | 0.24%             | 2033-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Mercadolibre Inc                                                                                 | MELI 4.9 01/15/33                                                                                                                                      | CUSIP: 58733RAG7<br>LEI: 549300DKPDN9M5S8GB14 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1613022.00   | 0.32%             | 2033-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET V6.5 PERP H                                                                                                                                         | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    685000 | PA      | $684193.99    | 0.13%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                            | TRGP 5.5 02/15/35                                                                                                                                      | CUSIP: 87612GAK7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171579.67    | 0.03%             | 2035-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Service Company of Colorado                                                               | XEL 5.15 09/15/35                                                                                                                                      | CUSIP: 744448DC2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1695270.01   | 0.33%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                                                             | ASUCOR 8.375 02/01/34 144A                                                                                                                             | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    240000 | PA      | $233177.38    | 0.05%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                                                          | CHTR 6.75 06/15/39                                                                                                                                     | CUSIP: 88732JAU2<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |    900000 | PA      | $893780.33    | 0.17%             | 2039-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH                                                                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -978 | NC      | $1898550.63   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC MSCR TRUST MN12                                                                      | MSCR 2025-MN12 M2                                                                                                                                      | CUSIP: 355913AB0<br>LEI: 529900KABSM46L5D1T20 | Long             | ABS-O            | USGSE             | US        |   1350000 | PA      | $1352377.89   | 0.26%             | 2045-11-27      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-28L                                                           | NYC 2025-28L E                                                                                                                                         | CUSIP: 67123JAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1994738.40   | 0.39%             | 2038-11-05      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                                      | GBLATL V7.25 03/01/56 144A                                                                                                                             | CUSIP: 37959GAH0<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1160421.73   | 0.23%             | 2056-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital PLC                                                                       | AALLN 5.75 04/05/34 144A                                                                                                                               | CUSIP: 034863BE9<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $411838.72    | 0.08%             | 2034-04-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                                | PAA 6.7 05/15/36                                                                                                                                       | CUSIP: 72650RAM4<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    150000 | PA      | $160708.05    | 0.03%             | 2036-05-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BRITISH AIRWAYS PASS THROUGH CERTIFICATES 2019-1A                                                | IAGLN 3.35 06/15/29 144A                                                                                                                               | CUSIP: 11043XAB9<br>LEI: 635400GSHSFIWYIDXC76 | Long             | ABS-O            | CORP              | US        |    229230 | PA      | $222689.21    | 0.04%             | 2029-06-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.572 10/20/32                                                                                                                                    | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1041361.20   | 0.20%             | 2032-10-20      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Jimmy John's Funding Llc                                                                         | JIMMY 2022-1A A2I                                                                                                                                      | CUSIP: 47760QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625625 | PA      | $619487.56    | 0.12%             | 2052-04-30      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                              | NEE V6.5 08/15/55 .                                                                                                                                    | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412932.00    | 0.08%             | 2055-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                | HSBC V5.133 11/06/36                                                                                                                                   | CUSIP: 404280FG9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    740000 | PA      | $724156.02    | 0.14%             | 2036-11-06      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                              | CEG 6.125 01/15/34                                                                                                                                     | CUSIP: 210385AD2<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    280000 | PA      | $298909.65    | 0.06%             | 2034-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                                                             | APH 5.3 11/15/55                                                                                                                                       | CUSIP: 032095BB6<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    510000 | PA      | $479318.21    | 0.09%             | 2055-11-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TRANS-ALLEGHENY INTERSTATE LINE CO                                                               | FE 5 01/15/31 144A                                                                                                                                     | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $680918.03    | 0.13%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                              | BNS V8.625 10/27/82                                                                                                                                    | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    870000 | PA      | $904817.40    | 0.18%             | 2082-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 5.95 09/26/55                                                                                                                                     | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1102879.04   | 0.22%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 4.35 03/20/33                                                                                                                                     | CUSIP: 023135CU8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    360000 | PA      | $353593.25    | 0.07%             | 2033-03-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                 | PCG 6 05/01/56                                                                                                                                         | CUSIP: 694308LB1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    370000 | PA      | $351424.44    | 0.07%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM7 TRUST                                                                              | OBX 2023-NQM7 A1                                                                                                                                       | CUSIP: 67117XAA4<br>LEI: 254900K7TTKPUWNMSZ83 | Long             | ABS-O            | CORP              | US        |   1189877 | PA      | $1196389.98   | 0.23%             | 2063-04-25      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                               | VRT 4.85 03/15/36                                                                                                                                      | CUSIP: 92537NAA6<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    710000 | PA      | $690679.03    | 0.14%             | 2036-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                         | JANEST 6.125 11/01/32 144A                                                                                                                             | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1078831.53   | 0.21%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                                                                  | CI 3.2 03/15/40                                                                                                                                        | CUSIP: 125523CJ7<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    520000 | PA      | $403171.41    | 0.08%             | 2040-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | Citigroup Inc. DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF 6.25% NONCUMULATIVE PREFERRED STOCK, SERIES II                   | CUSIP: 172967242<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |     46100 | NS      | $1136365.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 6 08/03/55                                                                                                                                        | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     70000 | PA      | $58742.88     | 0.01%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Paraguay (Republic of)                                                                           | PARGUY 6.65 03/04/55 144A                                                                                                                              | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    930000 | PA      | $967572.00    | 0.19%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                                      | BRKHEC 5.45 02/15/34                                                                                                                                   | CUSIP: 695114DD7<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1225975.56   | 0.24%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 3.4 03/22/41                                                                                                                                        | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    630000 | PA      | $484038.24    | 0.09%             | 2041-03-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 5.75 02/15/66                                                                                                                                    | CUSIP: 02079KBQ9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495554.46    | 0.10%             | 2066-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.             | CHTR 6.7 12/01/55                                                                                                                                      | CUSIP: 161175CT9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38255.07     | 0.01%             | 2055-12-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| CLI FUNDING IX LLC                                                                               | CLIF 2024-1A A                                                                                                                                         | CUSIP: 12571WAA1<br>LEI: 2549008S2Z91ASJFZL83 | Long             | ABS-O            | CORP              | US        |   1336812 | PA      | $1344172.69   | 0.26%             | 2049-07-20      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                                   | ECOPET 8.375 01/19/36                                                                                                                                  | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    510000 | PA      | $517513.13    | 0.10%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                   | WES 5.5 08/15/48                                                                                                                                       | CUSIP: 958254AL8<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    280000 | PA      | $242165.18    | 0.05%             | 2048-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 6.05 06/01/54                                                                                                                                      | CUSIP: 126650EF3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    560000 | PA      | $543796.33    | 0.11%             | 2054-06-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | AXP V4.918 07/20/33                                                                                                                                    | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1453159.88   | 0.28%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA7                                                          | STACR 2021-DNA7 M2                                                                                                                                     | CUSIP: 35564KMH9<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-O            | USGSE             | US        |    190000 | PA      | $190533.06    | 0.04%             | 2041-11-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                                        | RTX 4.05 05/04/47                                                                                                                                      | CUSIP: 913017CP2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     20000 | PA      | $15879.85     | 0.00%             | 2047-05-04      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V2.956 05/13/31                                                                                                                                    | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    380000 | PA      | $354162.94    | 0.07%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Honeywell Aerospace Inc.                                                                         | HONA 4.3 03/16/31 144A                                                                                                                                 | CUSIP: 43849RAE5<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227589.30    | 0.04%             | 2031-03-16      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Entergy Texas Inc                                                                                | ETR 5.25 04/15/35                                                                                                                                      | CUSIP: 29365TAQ7<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |    580000 | PA      | $585966.91    | 0.11%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                                 | MCD 4.45 03/01/47 MTN                                                                                                                                  | CUSIP: 58013MFC3<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    530000 | PA      | $442404.76    | 0.09%             | 2047-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V5.518 10/25/35                                                                                                                                    | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3290000 | PA      | $3291080.47   | 0.64%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                              | CATMED 3.91 10/01/50                                                                                                                                   | CUSIP: 20268JAG8<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    540000 | PA      | $398004.26    | 0.08%             | 2050-10-01      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| DEVON OEI OPERATING INC                                                                          | DVN 7.5 09/15/27                                                                                                                                       | CUSIP: 812007AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1264675.07   | 0.25%             | 2027-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                                                           | GM 6.6 04/01/36                                                                                                                                        | CUSIP: 37045VAK6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    500000 | PA      | $532148.93    | 0.10%             | 2036-04-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V5.534 11/29/45                                                                                                                                    | CUSIP: 46647PES1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1228552.59   | 0.24%             | 2045-11-29      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXIV Ltd                                                                    | MDPK 2016-24A BR2                                                                                                                                      | CUSIP: 55820NAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    337342 | PA      | $338175.21    | 0.07%             | 2029-10-22      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                 | TEVA 4.1 10/01/46                                                                                                                                      | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    290000 | PA      | $215323.87    | 0.04%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Ameren Illinois Company                                                                          | AEE 5.625 03/01/55                                                                                                                                     | CUSIP: 02361DBC3<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |    620000 | PA      | $603224.67    | 0.12%             | 2055-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TEXAS NATURAL GAS SECURITIZATION FINANCE CORP                                                    | TX TNGUTL 5.1 04/01/2035                                                                                                                               | CUSIP: 88258MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1322946 | PA      | $1355795.52   | 0.27%             | 2035-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                                | INTC 2.8 08/12/41                                                                                                                                      | CUSIP: 458140BV1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    580000 | PA      | $398753.64    | 0.08%             | 2041-08-12      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                               | EIX 4.125 03/01/48 C                                                                                                                                   | CUSIP: 842400GK3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    650000 | PA      | $486988.45    | 0.10%             | 2048-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Antero Resources Corporation                                                                     | AR 5.375 03/01/30 144A                                                                                                                                 | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1357539.75   | 0.27%             | 2030-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                                     | RCL 5.25 02/27/38                                                                                                                                      | CUSIP: 78017TAD5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    320000 | PA      | $304552.74    | 0.06%             | 2038-02-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST 2023-1                                                              | HGVT 2023-1A C                                                                                                                                         | CUSIP: 432917AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    188881 | PA      | $194071.88    | 0.04%             | 2038-01-25      | Fixed         | 6.94%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 4.8 06/15/44                                                                                                                                         | CUSIP: 00206RCG5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    208000 | PA      | $180531.13    | 0.04%             | 2044-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FREEPORT MINERALS CORP                                                                           | FCX 9.5 06/01/31                                                                                                                                       | CUSIP: 717265AL6<br>LEI: G4008SUSNH0WBKRVG414 | Long             | DBT              | CORP              | US        |    280000 | PA      | $333603.60    | 0.07%             | 2031-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH                                                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -115 | NC      | $345535.66    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                                                               | ET V6.75 02/15/56                                                                                                                                      | CUSIP: 29273VBH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    910000 | PA      | $908622.72    | 0.18%             | 2056-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MVW 2021-1W LLC                                                                                  | MVWOT 2021-1WA C                                                                                                                                       | CUSIP: 55389TAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    361863 | PA      | $350095.75    | 0.07%             | 2041-01-22      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Company                                                                      | EXC 6.45 01/15/38                                                                                                                                      | CUSIP: 202795HT0<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    650000 | PA      | $715520.55    | 0.14%             | 2038-01-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Topbuild Corporation                                                                             | BLD 5.625 01/31/34 144A                                                                                                                                | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    870000 | PA      | $852440.53    | 0.17%             | 2034-01-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.625 03/15/31 144A                                                                                                                                | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1125613.68   | 0.22%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                               | SANTAN 4.551 11/06/30                                                                                                                                  | CUSIP: 05971KAR0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2400000 | PA      | $2366653.03   | 0.46%             | 2030-11-06      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                               | META 5.625 11/15/55 .                                                                                                                                  | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1313283.89   | 0.26%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Houston Electric LLC                                                          | CNP 4.5 04/01/44                                                                                                                                       | CUSIP: 15189XAN8<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    849000 | PA      | $735759.71    | 0.14%             | 2044-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| The J M Smucker Company                                                                          | SJM 6.2 11/15/33                                                                                                                                       | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    560000 | PA      | $593541.29    | 0.12%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                               | MO 5.95 02/14/49                                                                                                                                       | CUSIP: 02209SBF9<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    390000 | PA      | $378393.73    | 0.07%             | 2049-02-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| SLM PRIVATE EDUCATION LOAN TRUST 2010-C                                                          | SLMA 2010-C A5                                                                                                                                         | CUSIP: 78445QAE1<br>LEI: 549300JEA36NHBYED811 | Long             | ABS-O            | CORP              | US        |    375562 | PA      | $394292.98    | 0.08%             | 2041-10-15      | Floating      | 8.54%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                                      | BRKHEC V7.375 09/15/55                                                                                                                                 | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133883.95    | 0.03%             | 2055-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                                      | HUM 4.95 10/01/44                                                                                                                                      | CUSIP: 444859BE1<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    610000 | PA      | $511150.65    | 0.10%             | 2044-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Mission Broadcasting Inc                                                                         | Nexstar Broadcasting Term Loan B (Incremental) 250 2028-05-22                                                                                          | CUSIP: 605024AS7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    400000 | PA      | $400000.00    | 0.08%             | 2028-06-02      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                         | JANEST 7.125 04/30/31 144A                                                                                                                             | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1069708.64   | 0.21%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                                       | BABA 2.7 02/09/41                                                                                                                                      | CUSIP: 01609WAY8<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $367658.99    | 0.07%             | 2041-02-09      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Florida Gas Transmission Co.                                                                     | CITCOR 5.75 07/15/35 144A                                                                                                                              | CUSIP: 340711BC3<br>LEI: 549300Q0UQF87NXNOC32 | Long             | DBT              | CORP              | US        |    490000 | PA      | $502978.96    | 0.10%             | 2035-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                 | PCG 6.95 03/15/34                                                                                                                                      | CUSIP: 694308KP1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1380451.40   | 0.27%             | 2034-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2016-FL1 LTD                                           | ARCREN 2025-FL1 C                                                                                                                                      | CUSIP: 03881KAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    470000 | PA      | $470049.96    | 0.09%             | 2043-01-21      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                      | FMCN 7.25 02/15/34 144A                                                                                                                                | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    680000 | PA      | $692819.36    | 0.14%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                                     | RCL 4.75 05/15/33                                                                                                                                      | CUSIP: 78017TAC7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    520000 | PA      | $502240.83    | 0.10%             | 2033-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 3.3 02/15/51                                                                                                                                      | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    810000 | PA      | $530606.00    | 0.10%             | 2051-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                 | PCG 2.5 02/01/31                                                                                                                                       | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    690000 | PA      | $618571.67    | 0.12%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.314 01/18/41                                                                                                                                     | CUSIP: 61748UAP7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1931616.04   | 0.38%             | 2041-01-18      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| ARES XLIV CLO LTD                                                                                | ARES 2017-44A BRR                                                                                                                                      | CUSIP: 04016NBP7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1430000 | PA      | $1427925.64   | 0.28%             | 2034-04-17      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                            | ARE 2 05/18/32                                                                                                                                         | CUSIP: 015271AW9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |    840000 | PA      | $703131.14    | 0.14%             | 2032-05-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                                   | ECOPET 5.875 11/02/51                                                                                                                                  | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    400000 | PA      | $282016.07    | 0.06%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 5 02/15/36                                                                                                                                        | CUSIP: 87264ADZ5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    700000 | PA      | $689706.24    | 0.13%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Depository Trust Company                                                                     | DTCSLF 4.55 03/27/31 144A                                                                                                                              | CUSIP: 249672AA4<br>LEI: 549300HBJLRO8YFMI370 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250620.28    | 0.05%             | 2031-03-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                                                           | LUV 5.25 11/15/35                                                                                                                                      | CUSIP: 844741BM9<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1559049.72   | 0.30%             | 2035-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 4.4 02/15/33                                                                                                                                     | CUSIP: 02079KBL0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    430000 | PA      | $424768.96    | 0.08%             | 2033-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Kaiser Foundation Hospitals                                                                      | KPERM 3.266 11/01/49 2019                                                                                                                              | CUSIP: 48305QAE3<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    180000 | PA      | $123693.72    | 0.02%             | 2049-11-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                                                                 | PCG V6.85 09/15/56                                                                                                                                     | CUSIP: 69331CAN8<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    560000 | PA      | $553595.45    | 0.11%             | 2056-09-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| CI Financial Corp                                                                                | CIXCN 7.5 05/30/29 144A                                                                                                                                | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |   2070000 | PA      | $2173354.07   | 0.42%             | 2029-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                    | F 3.625 06/17/31                                                                                                                                       | CUSIP: 345397B69<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    780000 | PA      | $703165.79    | 0.14%             | 2031-06-17      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                                                             | APH 4.625 02/15/36                                                                                                                                     | CUSIP: 032095BA8<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1035164.14   | 0.20%             | 2036-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                                 | PARA 7.875 07/30/30                                                                                                                                    | CUSIP: 925524AH3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    620000 | PA      | $647495.83    | 0.13%             | 2030-07-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc.                                                                          | MIK 11 03/15/34 144A                                                                                                                                   | CUSIP: 59408QAA4<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    870000 | PA      | $811129.19    | 0.16%             | 2034-03-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V4.611 04/25/53 MTN                                                                                                                                | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1369283.31   | 0.27%             | 2053-04-25      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                                                                     | BMRN 5.5 02/15/34 144A                                                                                                                                 | CUSIP: 09061GAL5<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | DBT              | CORP              | US        |    680000 | PA      | $669977.82    | 0.13%             | 2034-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                     | BACR V5.785 02/25/36                                                                                                                                   | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    480000 | PA      | $485554.78    | 0.09%             | 2036-02-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Nordea Bank ABP                                                                                  | NDAFH V6.3 PERP 144A                                                                                                                                   | CUSIP: 65558RAK5<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    940000 | PA      | $935640.00    | 0.18%             | N/A             | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                                                           | GM 6.75 04/01/46                                                                                                                                       | CUSIP: 37045VAL4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    550000 | PA      | $570374.12    | 0.11%             | 2046-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                                                               | KO 5.2 01/14/55                                                                                                                                        | CUSIP: 191216DZ0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    440000 | PA      | $416960.08    | 0.08%             | 2055-01-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                               | SANTAN 5.439 07/15/31                                                                                                                                  | CUSIP: 05964HBG9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $823117.47    | 0.16%             | 2031-07-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V5.536 01/28/36                                                                                                                                     | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    770000 | PA      | $783027.98    | 0.15%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| THE VANGUARD GROUP INC                                                                           | THE VANGUARD GROUP INC                                                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $2890386.00   | 0.57%             | 2060-08-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SUMTER LANDING COMMUNITY DEVELOPMENT DISTRICT (FL)                                               | FL SLNFAC 4.17 10/01/2047                                                                                                                              | CUSIP: 86657MBK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $261981.68    | 0.05%             | 2047-10-01      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                               | VRT 5.65 03/15/46                                                                                                                                      | CUSIP: 92537NAB4<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    300000 | PA      | $286343.02    | 0.06%             | 2046-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                                        | MARS 5.7 05/01/55 144A                                                                                                                                 | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    560000 | PA      | $546421.39    | 0.11%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| KLA Corp.                                                                                        | KLAC 4.95 07/15/52                                                                                                                                     | CUSIP: 482480AM2<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |    210000 | PA      | $188123.05    | 0.04%             | 2052-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                             | GLENLN 6.141 04/01/55 144a                                                                                                                             | CUSIP: 378272CB2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    720000 | PA      | $724844.80    | 0.14%             | 2055-04-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MBONO 8.5 11/18/38 M                                                                                                                                   | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  26240000 | PA      | $1347288.61   | 0.26%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.625 11/15/55                                                                                                                                       | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    290000 | PA      | $277131.25    | 0.05%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                       | BATSLN 7.081 08/02/53                                                                                                                                  | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    170000 | PA      | $188030.68    | 0.04%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V5.15 04/23/31                                                                                                                                     | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1475042.67   | 0.29%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V5.016 10/23/35                                                                                                                                     | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5340000 | PA      | $5243029.66   | 1.02%             | 2035-10-23      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                     | UBS V9.25 PERP 144a                                                                                                                                    | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    610000 | PA      | $650537.68    | 0.13%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                            | RCL 6.25 03/15/32 144A                                                                                                                                 | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    520000 | PA      | $531736.99    | 0.10%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ILFC E-Capital Trust I                                                                           | ILFC E-Capital Trust I                                                                                                                                 | CUSIP: 44965TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5594000 | PA      | $4769818.64   | 0.93%             | 2065-12-21      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V5.033 01/26/37                                                                                                                                    | CUSIP: 91159HJY7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2730000 | PA      | $2690868.75   | 0.53%             | 2037-01-26      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                                          | ARGENT 4.125 07/09/35                                                                                                                                  | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1344802 | PA      | $971619.30    | 0.19%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                                                                      | LMT 5.7 11/15/54                                                                                                                                       | CUSIP: 539830BX6<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    910000 | PA      | $909235.55    | 0.18%             | 2054-11-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                                     | RCL 5.375 01/15/36                                                                                                                                     | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    660000 | PA      | $648685.44    | 0.13%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                                          | ARGENT 1 07/09/29                                                                                                                                      | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    170271 | PA      | $149676.55    | 0.03%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corporation                                                                      | SCCO 5.25 11/08/42                                                                                                                                     | CUSIP: 84265VAG0<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    350000 | PA      | $322409.75    | 0.06%             | 2042-11-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                                                         | JBS 5.95 04/20/35                                                                                                                                      | CUSIP: 472140AB8<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    980000 | PA      | $1018282.60   | 0.20%             | 2035-04-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.587 01/18/36                                                                                                                                     | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1193260.16   | 0.23%             | 2036-01-18      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                                                                              | CATMED 4.35 11/01/42                                                                                                                                   | CUSIP: 14916RAD6<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    100000 | PA      | $85144.69     | 0.02%             | 2042-11-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 4.9 02/15/38                                                                                                                                      | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    850000 | PA      | $820803.62    | 0.16%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                               | DELL 8.1 07/15/36                                                                                                                                      | CUSIP: 24703TAJ5<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    377000 | PA      | $448375.83    | 0.09%             | 2036-07-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                | HSBC V5.45 03/03/36                                                                                                                                    | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1190000 | PA      | $1193943.22   | 0.23%             | 2036-03-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| OHIO EDISON CO                                                                                   | FE 6.875 07/15/36                                                                                                                                      | CUSIP: 677347CE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $693017.11    | 0.14%             | 2036-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 3.187 11/15/36 144A                                                                                                                               | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    991000 | PA      | $828627.47    | 0.16%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Agnc Investment Corp                                                                             | Agnc Investment Corp DEPOSITARY SHARES EACH REPRESENTING 1/1,000TH OF A SHARE OF 6.125% SERIES F FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRE | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     47622 | NS      | $1155785.94   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Legg Mason Partners Income Trust

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer