# EDGAR Filing Document

**Accession Number:** 0000741375
**File Stem:** 0001410368-25-031650
**Filing Date:** 2025-11
**Character Count:** 78296
**Document Hash:** cc1b97f5c77e9344b40309debec11d47
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031650.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-031650

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY INSTITUTIONAL FUND TRUST
- **CENTRAL INDEX KEY:** 0000741375

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03980
- **FILM NUMBER:** 251524506

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-548-7786

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAS FUNDS /MA/
- **DATE OF NAME CHANGE:** 19960724

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAS FUNDS INC
- **DATE OF NAME CHANGE:** 19931227

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAS FUNDS
- **DATE OF NAME CHANGE:** 19930927

## Series and Classes Contracts Data

### High Yield Portfolio (Series ID: S000035938)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000110149 | Class I      | MSYIX           |
| C000110150 | Class A      | MSYPX           |
| C000110152 | Class L      | MSYLX           |
| C000138838 | Class R6     | MSHYX           |
| C000155936 | Class C      | MSHDX           |
| C000198829 | Class IR     | MRHYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MORGAN STANLEY INSTITUTIONAL FUND TRUST

- **b. Investment Company Act file number:** 811-03980

- **c. CIK number of Registrant:** 0000741375

- **d. LEI of Registrant:** BD1UNSIL1398DHGY2770

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

  - **Street Address 1:** 1585 Broadway

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 800-869-6397

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

- **a. Name of Series:** High Yield Portfolio

- **b. EDGAR series identifier (if any):** S000035938

- **c. LEI of Series:** 7LVE3T6BJQQFSI1XKE41

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $59754795.06

**Total Liabilities:** $199585.95

**Net Assets:** $59555209.11

**Delayed Delivery Securities:** $140656.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.66000000 | **1-Year:** -67.66000000 | **5-Year:** -87.19000000 | **10-Year:** -65.18000000 | **30-Year:** 0.00000000

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

- **3-Month:** -223.06000000 | **1-Year:** -5367.77000000 | **5-Year:** -8750.83000000 | **10-Year:** -1157.54000000 | **30-Year:** -28.51000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000110152 | 0.51%                | 1.09%                | 0.62%                |
| Class ID C000110150 | 0.53%                | 1.23%                | 0.64%                |
| Class ID C000110149 | 0.67%                | 1.14%                | 0.67%                |
| Class ID C000198829 | 0.56%                | 1.26%                | 0.67%                |
| Class ID C000138838 | 0.56%                | 1.26%                | 0.55%                |
| Class ID C000155936 | 0.47%                | 1.18%                | 0.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-164665.69              | $172467.64                                 |
| Month 2  | $-40005.43               | $451172.31                                 |
| Month 3  | $346564.26               | $-270522.03                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Corporate High Yield Index

- **Index Identifier:** BBG_US_CORP_HY

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SPECTRUM BRANDS INC                               | Spectrum Brands Inc                                                 | CUSIP: 84762LAX3<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |    205000 | PA      | $165537.50    | 0.28%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                               | New Home Co Inc/The                                                 | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    135000 | PA      | $140306.99    | 0.24%             | 2030-11-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                          | Sinclair Television Group Inc                                       | CUSIP: 829259BF6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     18000 | PA      | $12870.00     | 0.02%             | 2032-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CIENA CORP                                        | Ciena Corp                                                          | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    190000 | PA      | $181439.78    | 0.30%             | 2030-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                               | Viavi Solutions Inc                                                 | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    505000 | PA      | $477881.35    | 0.80%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                            | Champ Acquisition Corp                                              | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $330346.85    | 0.55%             | 2031-12-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VAREX IMAGING CORPORATIO                          | Varex Imaging Corp                                                  | CUSIP: 92214XAC0<br>LEI: 549300CWYWPVCT8E9W67 | Long             | DBT              | CORP              | US        |    218000 | PA      | $222644.27    | 0.37%             | 2027-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CALDERYS FINANCING LLC                            | Calderys Financing LLC                                              | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    400000 | PA      | $424631.20    | 0.71%             | 2028-06-01      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                          | Genting New York LLC / GENNY Capital Inc                            | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $620191.07    | 1.04%             | 2029-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                           | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp        | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $444721.17    | 0.75%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC                              | Vermilion Energy Inc                                                | CUSIP: 923725AD7<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | CORP              | CA        |    430000 | PA      | $420064.51    | 0.71%             | 2030-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ZIFF DAVIS INC                                    | Ziff Davis Inc                                                      | CUSIP: 48123VAF9<br>LEI: 5493008OJYGLHD7MXA18 | Long             | DBT              | CORP              | US        |    580000 | PA      | $547185.28    | 0.92%             | 2030-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HRT DNT / HRT DNT FIN                             | Heartland Dental LLC / Heartland Dental Finance Corp                | CUSIP: 42239PAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119000 | PA      | $125537.15    | 0.21%             | 2028-04-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                          | Cougar JV Subsidiary LLC                                            | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $298098.63    | 0.50%             | 2032-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                           | VistaJet Malta Finance PLC / Vista Management Holding Inc           | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    470000 | PA      | $489725.71    | 0.82%             | 2028-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                | Voyager Parent LLC                                                  | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    521000 | PA      | $551301.42    | 0.93%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                              | Dycom Industries Inc                                                | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |    450000 | PA      | $439897.10    | 0.74%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                             | Molina Healthcare Inc                                               | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    203000 | PA      | $184351.81    | 0.31%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NUFARM AUSTRALIA/AMERICA                          | Nufarm Australia Ltd / Nufarm Americas Inc                          | CUSIP: 67052NAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    121000 | PA      | $110091.18    | 0.18%             | 2030-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONT GAMING GTA/OTG CO-IS                          | Ontario Gaming GTA LP/OTG Co-Issuer Inc                             | CUSIP: 68306MAA7<br>LEI: 894500EC9KLZLOC3V025 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $193911.72    | 0.33%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                   | Goat Holdco LLC                                                     | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $307768.41    | 0.52%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                               | Walker & Dunlop Inc                                                 | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $450329.73    | 0.76%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP                                | Eldorado Gold Corp                                                  | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |    445000 | PA      | $447010.21    | 0.75%             | 2029-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DYE & DURHAM LIMITED                              | Dye & Durham Ltd                                                    | CUSIP: 267486AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    566000 | PA      | $560197.03    | 0.94%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                  | Allied Universal Holdco LLC / Allied Universal Finance Corp         | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $290267.88    | 0.49%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                 | Waste Pro USA Inc                                                   | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    470000 | PA      | $487999.59    | 0.82%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE/GLOBAL                           | Global Net Lease Inc / Global Net Lease Operating Partnership LP    | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    425000 | PA      | $412878.28    | 0.69%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                          | Kraken Oil & Gas Partners LLC                                       | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    450000 | PA      | $446398.34    | 0.75%             | 2029-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                          | AmeriTex HoldCo Intermediate LLC                                    | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    635000 | PA      | $661500.78    | 1.11%             | 2033-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD                            | Sable International Finance Ltd                                     | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203233.60    | 0.34%             | 2032-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Exide Technologies                                | Exide Technologies                                                  | CUSIP: 302051404<br>LEI: 549300KITCGPNNNXQP63 | Long             | EC               | CORP              | US        |       592 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JB POINDEXTER & CO INC                            | JB Poindexter & Co Inc                                              | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    600000 | PA      | $629161.80    | 1.06%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                           | K Hovnanian Enterprises Inc                                         | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76940.77     | 0.13%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Iracore Investment Holdings Inc                   | IRACORE INVSMNT HLDGS INC.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |       470 | NS      | $15420.70     | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| FIESTA PURCHASER INC                              | Fiesta Purchaser Inc                                                | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $238060.24    | 0.40%             | 2032-09-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| MASTERBRAND INC                                   | Masterbrand Inc                                                     | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    300000 | PA      | $310428.30    | 0.52%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                              | Alpha Generation LLC                                                | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    320000 | PA      | $330560.15    | 0.56%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                           | Pebblebrook Hotel Trust                                             | CUSIP: 70509VAA8<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | DBT              |  | US        |    175000 | PA      | $172897.38    | 0.29%             | 2026-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                           | Superior Plus LP / Superior General Partner Inc                     | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    460000 | PA      | $444160.91    | 0.75%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JW ALUMINUM CONT CAST CO                          | JW Aluminum Continuous Cast Co                                      | CUSIP: 46648XAB4<br>LEI: 5493008HJ8BWQC8XAF08 | Long             | DBT              | CORP              | US        |    407000 | PA      | $425728.30    | 0.71%             | 2030-04-01      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                             | NGL Energy Operating LLC / NGL Energy Finance Corp                  | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39996.68     | 0.07%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| INGLES MARKETS INC                                | Ingles Markets Inc                                                  | CUSIP: 457030AK0<br>LEI: 549300XH5RYBMYP8TF26 | Long             | DBT              | CORP              | US        |    465000 | PA      | $437458.05    | 0.73%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                          | Viking Baked Goods Acquisition Corp                                 | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |     57000 | PA      | $57154.81     | 0.10%             | 2031-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                          | Focus Financial Partners LLC                                        | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    375000 | PA      | $384319.88    | 0.65%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                           | Dream Finders Homes Inc                                             | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $135930.15    | 0.23%             | 2030-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                           | Great Canadian Gaming Corp/Raptor LLC                               | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |    348000 | PA      | $344376.00    | 0.58%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS                                | New Flyer Holdings Inc                                              | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $380236.37    | 0.64%             | 2030-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| REAL HERO MERGER SUB 2                            | Real Hero Merger Sub 2 Inc                                          | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    680000 | PA      | $463332.71    | 0.78%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                               | LBM Acquisition LLC                                                 | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74126.78     | 0.12%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                          | Compass Minerals International Inc                                  | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    322000 | PA      | $336820.69    | 0.57%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                                | AMN Healthcare Inc                                                  | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    300000 | PA      | $283202.73    | 0.48%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                               | VM Consolidated Inc                                                 | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |    340000 | PA      | $339705.80    | 0.57%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                           | US Acute Care Solutions LLC                                         | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    495000 | PA      | $507490.00    | 0.85%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                          | Science Applications International Corp                             | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120112.27    | 0.20%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                      | VT Topco Inc                                                        | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    370000 | PA      | $376702.92    | 0.63%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                           | K Hovnanian Enterprises Inc                                         | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76955.12     | 0.13%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                           | Kodiak Gas Services LLC                                             | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    235000 | PA      | $244020.48    | 0.41%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                                      | Cars.com Inc                                                        | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |    305000 | PA      | $304040.68    | 0.51%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                               | Artera Services LLC                                                 | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    385000 | PA      | $340521.99    | 0.57%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                             | NESCO Holdings II Inc                                               | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    660000 | PA      | $646846.20    | 1.09%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE LP                            | XPLR Infrastructure LP                                              | CUSIP: 65341BAD8<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | DBT              | CORP              | US        |    810000 | PA      | $805950.00    | 1.35%             | 2025-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENVIRI CORP                                       | Enviri Corp                                                         | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |    846000 | PA      | $839916.50    | 1.41%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                             | CNX Midstream Partners LP                                           | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    415000 | PA      | $398284.09    | 0.67%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                               | New Home Co Inc/The                                                 | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    655000 | PA      | $688591.02    | 1.16%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                  | Arches Buyer Inc                                                    | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    305000 | PA      | $299260.45    | 0.50%             | 2028-12-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                            | Option Care Health Inc                                              | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    360000 | PA      | $347517.18    | 0.58%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MRT MID PART/MRT MID FIN                          | Martin Midstream Partners LP / Martin Midstream Finance Corp        | CUSIP: 573334AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $319296.00    | 0.54%             | 2028-02-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                              | Reworld Holding Corp                                                | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    270000 | PA      | $254171.98    | 0.43%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                           | Dealer Tire LLC / DT Issuer LLC                                     | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    563000 | PA      | $557304.14    | 0.94%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                             | Molina Healthcare Inc                                               | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12039.63     | 0.02%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                           | Global Partners LP / GLP Finance Corp                               | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $358358.66    | 0.60%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                             | Chobani Holdco II LLC                                               | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    503265 | PA      | $534588.72    | 0.90%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO                          | Watco Cos LLC / Watco Finance Corp                                  | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $336672.40    | 0.57%             | 2032-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU                          | Specialty Building Products Holdings LLC / SBP Finance Corp         | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $427029.96    | 0.72%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                            | Athenahealth Group Inc 2022 Term Loan B                             | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    149624 | PA      | $149514.83    | 0.25%             | 2029-02-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                     | LGI Homes Inc                                                       | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    145000 | PA      | $132442.26    | 0.22%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UC Holdings Inc.                                  | UC HOLDINGS INC.                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2826 | NS      | $33912.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                            | Cloud Software Group Inc                                            | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    375000 | PA      | $389378.03    | 0.65%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc             | Petco Health and Wellness Company Inc 2021 Term Loan B              | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    475000 | PA      | $463742.50    | 0.78%             | 2028-03-03      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| GREYSTAR REAL ESTATE PAR                          | Greystar Real Estate Partners LLC                                   | CUSIP: 39807UAD8<br>LEI: 254900HGC806SXAS4M46 | Long             | DBT              | CORP              | US        |    115000 | PA      | $121659.65    | 0.20%             | 2030-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRUENOORD CAPITAL DAC                             | TrueNoord Capital DAC                                               | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    130000 | PA      | $138252.27    | 0.23%             | 2030-03-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                          | Ashton Woods USA LLC / Ashton Woods Finance Co                      | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    344000 | PA      | $325982.90    | 0.55%             | 2030-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                                | CrossCountry Intermediate HoldCo LLC                                | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $321577.50    | 0.54%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MUELLER WATER PRODUCTS                            | Mueller Water Products Inc                                          | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |    230000 | PA      | $221692.04    | 0.37%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                           | Global Medical Response Inc                                         | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    148000 | PA      | $152430.38    | 0.26%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                 | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp        | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $141335.80    | 0.24%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                           | VistaJet Malta Finance PLC / Vista Management Holding Inc           | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    270000 | PA      | $263394.05    | 0.44%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CARRIAGE PURCHASER INC                            | Carriage Purchaser Inc                                              | CUSIP: 14445LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $495845.58    | 0.83%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                             | Hightower Holding LLC                                               | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    255000 | PA      | $251796.41    | 0.42%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                              | LifePoint Health Inc                                                | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    288000 | PA      | $274587.84    | 0.46%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                    | Azorra Finance Ltd                                                  | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    495000 | PA      | $522432.41    | 0.88%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                                  | AHP Health Partners Inc                                             | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |    532000 | PA      | $524052.51    | 0.88%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                          | Ferrellgas LP / Ferrellgas Finance Corp                             | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    715000 | PA      | $665963.08    | 1.12%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                               | Prairie Acquiror LP                                                 | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    190000 | PA      | $197950.48    | 0.33%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                               | LBM Acquisition LLC 2024 Incremental Term Loan B                    | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     98750 | PA      | $96555.78     | 0.16%             | 2031-06-06      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                            | Patrick Industries Inc                                              | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126938.50    | 0.21%             | 2032-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                          | Clarios Global LP / Clarios US Finance Co                           | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     90000 | PA      | $93042.45     | 0.16%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                           | Global Partners LP / GLP Finance Corp                               | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $258587.46    | 0.43%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| American Gilsonite Co                             | American Gilsonite Co                                               | CUSIP: 02636P102<br>LEI: 54930088Q5PLU37BHF34 | Long             | EC               | CORP              | US        |       500 | NS      | $6500.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                          | Phoenix Aviation Capital Ltd                                        | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    596000 | PA      | $634667.88    | 1.07%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                    | Azorra Finance Ltd                                                  | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    136000 | PA      | $141955.58    | 0.24%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHAMPIONS FINANCING INC                           | Champions Financing Inc                                             | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |     61000 | PA      | $58962.51     | 0.10%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                          | Science Applications International Corp                             | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    410000 | PA      | $406204.63    | 0.68%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                     | LGI Homes Inc                                                       | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131962.50    | 0.22%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                               | LBM Acquisition LLC                                                 | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    105000 | PA      | $110467.22    | 0.19%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                             | Playtika Holding Corp                                               | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    390000 | PA      | $358423.65    | 0.60%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                  | CSC Holdings LLC                                                    | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185305.58    | 0.31%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                          | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp  | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $338900.10    | 0.57%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                          | Jefferson Capital Holdings LLC                                      | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    239000 | PA      | $239133.84    | 0.40%             | 2026-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                          | Sinclair Television Group Inc                                       | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    294000 | PA      | $301960.04    | 0.51%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| P&L DEV LLC/PLD FIN CORP                          | P&L Development LLC / PLD Finance Corp                              | CUSIP: 69306RAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    478632 | PA      | $495848.39    | 0.83%             | 2029-05-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                             | NGL Energy Operating LLC / NGL Energy Finance Corp                  | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133386.89    | 0.22%             | 2029-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY/WARRANTY                            | Amynta Agency Borrower Inc and Amynta Warranty Borrower Inc         | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $843567.62    | 1.42%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENPRO INC                                         | Enpro Inc                                                           | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    470000 | PA      | $481535.37    | 0.81%             | 2033-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                           | Beach Acquisition Bidco LLC                                         | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    760000 | PA      | $821683.12    | 1.38%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK                           | Great Lakes Dredge & Dock Corp                                      | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    675000 | PA      | $654630.59    | 1.10%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                           | Macy's Retail Holdings LLC                                          | CUSIP: 55616XAM9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $421431.12    | 0.71%             | 2034-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                  | CSC Holdings LLC                                                    | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $175537.92    | 0.29%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TMS INTERNATIONAL CORP                            | TMS International Corp/DE                                           | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |    315000 | PA      | $305731.76    | 0.51%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                          | PetSmart LLC / PetSmart Finance Corp                                | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $250996.57    | 0.42%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SPEEDWAY MOT/SPEEDWAY FD                          | Speedway Motorsports LLC / Speedway Funding II Inc                  | CUSIP: 84779MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $509173.81    | 0.85%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                              | Fortrea Holdings Inc                                                | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |    134000 | PA      | $127057.50    | 0.21%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES                                   | Thor Industries Inc                                                 | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |    555000 | PA      | $526629.68    | 0.88%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                      | Seaspan Corp                                                        | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    450000 | PA      | $434301.80    | 0.73%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                             | Hightower Holding LLC                                               | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    210000 | PA      | $223781.04    | 0.38%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| IRIS Holdings Inc                                 | IRIS Holdings Inc Term Loan                                         | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |    592386 | PA      | $576545.37    | 0.97%             | 2028-06-28      | Floating      | 9.16%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                  | Vital Energy Inc                                                    | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242855.58    | 0.41%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                          | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    766896 | NS      | $766895.80    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UNDER ARMOUR INC                                  | Under Armour Inc                                                    | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |    319000 | PA      | $319403.22    | 0.54%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TRIMAS CORP                                       | TriMas Corp                                                         | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |    310000 | PA      | $300781.75    | 0.51%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                            | CCO Holdings LLC / CCO Holdings Capital Corp                        | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $516239.53    | 0.87%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                  | AmWINS Group Inc                                                    | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    185000 | PA      | $179921.90    | 0.30%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                               | Rocket Software Inc                                                 | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    297000 | PA      | $289598.58    | 0.49%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                          | Allwyn Entertainment Financing UK PLC                               | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    219000 | PA      | $227398.04    | 0.38%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TransAlta Corp                                    | TransAlta Corp                                                      | CUSIP: 89346DAE7<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $194673.97    | 0.33%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STL HOLDING CO LLC                                | STL Holding Co LLC                                                  | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |    455000 | PA      | $478435.23    | 0.80%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                                | Cerdia Finanz GmbH                                                  | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    635000 | PA      | $673893.75    | 1.13%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                          | Jefferies Finance LLC / JFIN Co-Issuer Corp                         | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $541514.23    | 0.91%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                              | LifePoint Health Inc                                                | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210241.80    | 0.35%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                          | Global Auto Holdings Ltd/AAG FH UK Ltd                              | CUSIP: 00033GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $195847.38    | 0.33%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                  | TriNet Group Inc                                                    | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    535000 | PA      | $500892.95    | 0.84%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI                          | Midcontinent Communications                                         | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257888.25    | 0.43%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOL 1                          | Starz Capital Holdings 1 Inc                                        | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $266585.20    | 0.45%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABL                                  | Leeward Renewable Energy Operations LLC                             | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |    791000 | PA      | $748166.72    | 1.26%             | 2029-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                           | Dream Finders Homes Inc                                             | CUSIP: 26154DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $212863.80    | 0.36%             | 2028-08-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                          | New Enterprise Stone & Lime Co Inc                                  | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    407000 | PA      | $403585.84    | 0.68%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                          | Amneal Pharmaceuticals LLC                                          | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196737.85    | 0.33%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                           | Global Partners LP / GLP Finance Corp                               | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     79000 | PA      | $81034.88     | 0.14%             | 2033-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                          | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp           | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $520432.16    | 0.87%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                            | Brundage-Bone Concrete Pumping Holdings Inc                         | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    383000 | PA      | $387291.90    | 0.65%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                          | Trident TPI Holdings Inc                                            | CUSIP: 89616RAC3<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |    205000 | PA      | $218837.30    | 0.37%             | 2028-12-31      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| SIGNAL PARENT INC                                 | Signal Parent Inc                                                   | CUSIP: 82666QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $122500.00    | 0.21%             | 2029-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                             | AAR Escrow Issuer LLC                                               | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    408000 | PA      | $420296.97    | 0.71%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                            | Patrick Industries Inc                                              | CUSIP: 703343AD5<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    425000 | PA      | $416691.80    | 0.70%             | 2029-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                          | Adtalem Global Education Inc                                        | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |    330000 | PA      | $329186.39    | 0.55%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                               | Century Communities Inc                                             | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252376.06    | 0.42%             | 2033-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                           | Atlantica Sustainable Infrastructure Ltd                            | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    444000 | PA      | $434692.96    | 0.73%             | 2028-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                    | HB Fuller Co                                                        | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    260000 | PA      | $253036.86    | 0.42%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ESC CB NATIONAL CINEME                            | ESC CB NATIONAL CINEME                                              | CUSIP: 635ESCAA4<br>LEI: 5493000MOLIVSOGKEB48 | Long             | DBT              | CORP              | US        |    600000 | PA      | $0.00         | 0.00%             | 2026-08-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| LEVEL 3 FINANCING INC                             | Level 3 Financing Inc                                               | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    121985 | PA      | $124190.38    | 0.21%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| XHR LP                                            | XHR LP                                                              | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    510000 | PA      | $499908.68    | 0.84%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                  | HealthEquity Inc                                                    | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194175.04    | 0.33%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials Holding Company LLC | Foundation Building Materials Holding Company LLC 2021 Term Loan    | CUSIP: 35039KAB2<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |    199479 | PA      | $199953.92    | 0.34%             | 2028-01-31      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                            | AthenaHealth Group Inc                                              | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    450000 | PA      | $446702.84    | 0.75%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                | CP Atlas Buyer Inc                                                  | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    305000 | PA      | $319717.78    | 0.54%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                             | Stonepeak Nile Parent LLC                                           | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    480000 | PA      | $505851.36    | 0.85%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US                           | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC           | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    600000 | PA      | $588318.00    | 0.99%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                               | White Cap Buyer LLC                                                 | CUSIP: 96350RAA2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |    415000 | PA      | $414144.89    | 0.70%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PELOTON INTERACTIVE INC                           | Peloton Interactive Inc 2024 Term Loan B                            | CUSIP: 70614EAG5<br>LEI: 5493002YS021166W0339 | Long             | LON              | CORP              | US        |    454250 | PA      | $461404.44    | 0.77%             | 2029-05-30      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co LLC                                            | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213874.41    | 0.36%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                          | Compass Minerals International Inc                                  | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     61000 | PA      | $61223.32     | 0.10%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                             | Icahn Enterprises LP / Icahn Enterprises Finance Corp               | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $162315.65    | 0.27%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATKORE INC                                        | Atkore Inc                                                          | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    385000 | PA      | $359086.15    | 0.60%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                              | TTM Technologies Inc                                                | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    215000 | PA      | $206965.64    | 0.35%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                          | Pattern Energy Operations LP / Pattern Energy Operations Inc        | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $536471.87    | 0.90%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                              | LifePoint Health Inc 2024 1st Lien Term Loan B                      | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |     96756 | PA      | $96701.13     | 0.16%             | 2031-05-19      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                           | Surgery Center Holdings Inc                                         | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    405000 | PA      | $416540.88    | 0.70%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-20

**Name of Applicant:** MORGAN STANLEY INSTITUTIONAL FUND TRUST

**Signature:** Francis Smith

**Name of Signer:** Francis Smith

**Title:** Principal Financial Officer