# EDGAR Filing Document

**Accession Number:** 0000759828
**File Stem:** 0001145549-23-020506
**Filing Date:** 2023-3
**Character Count:** 183856
**Document Hash:** 19303d27b41bd4367e61af583643f30b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-020506.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001145549-23-020506

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000759828
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04173
- **FILM NUMBER:** 23779514

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-663-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN INVESTORS TRUST
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

## John Hancock

## Investors Trust
Quarterly portfolio holdings 1/31/2023

![](imgd4bf6dce1.gif)

------

Fund's investments

#### As of 1-31-23 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | **Value** |
| **U.S. Government and Agency obligations 15.1% (8.9% of Total investments)** | **U.S. Government and Agency obligations 15.1% (8.9% of Total investments)** | **U.S. Government and Agency obligations 15.1% (8.9% of Total investments)** | **U.S. Government and Agency obligations 15.1% (8.9% of Total investments)** |  | &nbsp;&nbsp;**$18844727** |
| (Cost $19,195,490) |  |  |  |  |  |
| **U.S. Government 15.1%** |  |  |  |  | **18844727** |
| U.S. Treasury |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Note (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-24 |  | &nbsp;&nbsp;&nbsp;&nbsp;9500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8984551 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-24 |  | &nbsp;&nbsp;&nbsp;&nbsp;5500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5227363 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-31-25 |  | &nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4632813 |
| **Foreign government obligations 0.4% (0.3% of Total investments)** | **Foreign government obligations 0.4% (0.3% of Total investments)** | **Foreign government obligations 0.4% (0.3% of Total investments)** | **Foreign government obligations 0.4% (0.3% of Total investments)** |  | &nbsp;&nbsp;**$510343** |
| (Cost $593,103) |  |  |  |  |  |
| **Argentina 0.4%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**510343** |
| Republic of Argentina<br> Bond (3.500% to 7-9-29, then 4.875% thereafter) | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;07-09-41 |  | 1500000 | 510343 |
| **Corporate bonds 138.0% (81.6% of Total investments)** | **Corporate bonds 138.0% (81.6% of Total investments)** | **Corporate bonds 138.0% (81.6% of Total investments)** | **Corporate bonds 138.0% (81.6% of Total investments)** |  | &nbsp;&nbsp;**$172406560** |
| (Cost $186,125,185) |  |  |  |  |  |
| **Communication services 24.6%** | **Communication services 24.6%** |  |  |  | **30724048** |
| **Diversified telecommunication services 4.3%** | **Diversified telecommunication services 4.3%** | **Diversified telecommunication services 4.3%** |  |  |  |
| Connect Finco SARL (C) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;10-01-26 |  | 1110000 | &nbsp;&nbsp;&nbsp;&nbsp;1061438 |
| GCI LLC (C) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;10-15-28 |  | 820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722043 |
| Iliad Holding SASU (C) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;10-15-26 |  | 905000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856994 |
| Level 3 Financing, Inc. (C) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;09-15-27 |  | 1245000 | &nbsp;&nbsp;&nbsp;&nbsp;1054649 |
| Total Play Telecomunicaciones SA de CV (A)(B)(C) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;11-12-25 |  | 1210000 | &nbsp;&nbsp;&nbsp;&nbsp;1128567 |
| Zayo Group Holdings, Inc. (C) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;03-01-28 |  | 720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495000 |
| **Entertainment 2.8%** | **Entertainment 2.8%** | **Entertainment 2.8%** |  |  |  |
| AMC Entertainment Holdings, Inc. (C) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;06-15-26 |  | 1090000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543534 |
| Cinemark USA, Inc. (C) | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;05-01-25 |  | 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;967530 |
| Lions Gate Capital Holdings LLC (C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-15-29 |  | 774000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503100 |
| Netflix, Inc. (B) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;11-15-28 |  | 1035000 | &nbsp;&nbsp;&nbsp;&nbsp;1073739 |
| Warnermedia Holdings, Inc. (B)(C) | &nbsp;&nbsp;4.279 | &nbsp;&nbsp;03-15-32 |  | 520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462777 |
| **Interactive media and services 1.8%** | **Interactive media and services 1.8%** | **Interactive media and services 1.8%** |  |  |  |
| Arches Buyer, Inc. (A)(B)(C) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;12-01-28 |  | 777000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;654436 |
| Cars.com, Inc. (C) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;11-01-28 |  | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695265 |
| Match Group Holdings II LLC (C) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;10-01-31 |  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401250 |
| Match Group Holdings II LLC (C) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;02-15-29 |  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470053 |
| **Media 11.0%** | **Media 11.0%** | **Media 11.0%** |  |  |  |
| Altice Financing SA (C) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-15-28 |  | 510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433648 |
| Altice Financing SA (C) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;08-15-29 |  | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335962 |
| Altice France Holding SA (C) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;02-15-28 |  | 710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479045 |
| Altice France SA (C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;10-15-29 |  | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988370 |
| CCO Holdings LLC (C) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;01-15-34 |  | 860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670413 |
| CCO Holdings LLC (C) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;05-01-27 |  | 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614717 |
| CCO Holdings LLC (C) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;09-01-29 |  | 1295000 | &nbsp;&nbsp;&nbsp;&nbsp;1249675 |
| Comcast Corp. (B) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;11-07-25 |  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;1021403 |
| CSC Holdings LLC (C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-15-27 |  | 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506403 |
| DISH Network Corp. (C) | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;11-15-27 |  | 820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;852144 |
| Grupo Televisa SAB | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;01-30-26 |  | 725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716359 |
| Grupo Televisa SAB | &nbsp;&nbsp;8.490 | &nbsp;&nbsp;05-11-37 | &nbsp;&nbsp;MXN | 26200000 | &nbsp;&nbsp;&nbsp;&nbsp;1156916 |
| iHeartCommunications, Inc. (A)(B) | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;05-01-27 |  | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;1075500 |
| LCPR Senior Secured Financing DAC (C) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;10-15-27 |  | 945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920714 |
| News Corp. (B)(C) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;02-15-32 |  | 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588438 |
| Radiate Holdco LLC (C) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;09-15-28 |  | 1555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;810139 |
| Stagwell Global LLC (C) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;08-15-29 |  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876250 |
| Townsquare Media, Inc. (C) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;02-01-26 |  | 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439680 |

---

2 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Communication services (continued)** | **Communication services (continued)** |  |  |  |
| **Wireless telecommunication services 4.7%** | **Wireless telecommunication services 4.7%** | **Wireless telecommunication services 4.7%** |  |  |
| SoftBank Group Corp. | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;09-19-27 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;$925176 |
| Sprint LLC (B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;06-15-24 | 2150000 | &nbsp;&nbsp;&nbsp;&nbsp;2195498 |
| Sprint LLC (B) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;09-15-23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;1014873 |
| U.S. Cellular Corp. | &nbsp;&nbsp;6.700 | &nbsp;&nbsp;12-15-33 | 1895000 | &nbsp;&nbsp;&nbsp;&nbsp;1762350 |
| **Consumer discretionary 20.8%** | **Consumer discretionary 20.8%** |  |  | **25972336** |
| **Auto components 0.8%** | **Auto components 0.8%** | **Auto components 0.8%** |  |  |
| The Goodyear Tire & Rubber Company (A)(B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-15-29 | 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484512 |
| The Goodyear Tire & Rubber Company (A)(B) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;04-30-31 | 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556091 |
| **Automobiles 5.4%** | **Automobiles 5.4%** | **Automobiles 5.4%** |  |  |
| Ford Motor Company | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;02-12-32 | 204000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161908 |
| Ford Motor Company | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;01-15-43 | 683000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533159 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;6.950 | &nbsp;&nbsp;03-06-26 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;1022580 |
| General Motors Company (B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;04-01-46 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1559874 |
| General Motors Company (B) | &nbsp;&nbsp;6.800 | &nbsp;&nbsp;10-01-27 | 1434000 | &nbsp;&nbsp;&nbsp;&nbsp;1527145 |
| General Motors Financial Company, Inc. (5.700% to 9-30-30, then 5 Year CMT + 4.997%) (A)(B)(D) | &nbsp;&nbsp;5.700 | &nbsp;&nbsp;09-30-30 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925000 |
| Nissan Motor Company, Ltd. (C) | &nbsp;&nbsp;4.345 | &nbsp;&nbsp;09-17-27 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;941430 |
| **Diversified consumer services 2.3%** | **Diversified consumer services 2.3%** | **Diversified consumer services 2.3%** |  |  |
| Garda World Security Corp. (C) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;02-15-27 | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682583 |
| Sotheby's (B)(C) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;10-15-27 | 1450000 | &nbsp;&nbsp;&nbsp;&nbsp;1392685 |
| Stena International SA (B)(C) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;02-01-25 | 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756475 |
| **Hotels, restaurants and leisure 9.3%** | **Hotels, restaurants and leisure 9.3%** | **Hotels, restaurants and leisure 9.3%** |  |  |
| Affinity Gaming (C) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;12-15-27 | 703000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629361 |
| Caesars Entertainment, Inc. (C) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;02-15-30 | 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559625 |
| Carnival Corp. (C) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;05-01-29 | 673000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531670 |
| Carnival Corp. (A)(B)(C) | &nbsp;&nbsp;7.625 | &nbsp;&nbsp;03-01-26 | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682500 |
| Carnival Holdings Bermuda, Ltd. (C) | &nbsp;&nbsp;10.375 | &nbsp;&nbsp;05-01-28 | 615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;664200 |
| CEC Entertainment LLC (C) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;05-01-26 | 830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767750 |
| Choice Hotels International, Inc. (B) | &nbsp;&nbsp;3.700 | &nbsp;&nbsp;12-01-29 | 760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684067 |
| Expedia Group, Inc. (B) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;08-01-27 | 1115000 | &nbsp;&nbsp;&nbsp;&nbsp;1097638 |
| Expedia Group, Inc. (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-15-26 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;1000728 |
| Full House Resorts, Inc. (C) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;02-15-28 | 670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624574 |
| Jacobs Entertainment, Inc. (C) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-15-29 | 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237160 |
| Mohegan Tribal Gaming Authority (C) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;02-01-26 | 640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608000 |
| New Red Finance, Inc. (B)(C) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;01-15-28 | 935000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860394 |
| Royal Caribbean Cruises, Ltd. (B)(C) | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;01-15-29 | 820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;864993 |
| Travel + Leisure Company (C) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;03-01-30 | 639000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543365 |
| Travel + Leisure Company (C) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;07-31-26 | 465000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461453 |
| Wyndham Hotels & Resorts, Inc. (B)(C) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;08-15-28 | 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166015 |
| Yum! Brands, Inc. (B) | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;04-01-32 | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;664146 |
| **Household durables 0.2%** | **Household durables 0.2%** | **Household durables 0.2%** |  |  |
| KB Home | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;07-15-30 | 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224648 |
| **Multiline retail 1.1%** | **Multiline retail 1.1%** | **Multiline retail 1.1%** |  |  |
| Macy's Retail Holdings LLC (A)(B)(C) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;04-01-29 | 475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441757 |
| Nordstrom, Inc. (B) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;08-01-31 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375455 |
| Nordstrom, Inc. (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-15-44 | 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607158 |
| **Specialty retail 1.2%** | **Specialty retail 1.2%** | **Specialty retail 1.2%** |  |  |
| Asbury Automotive Group, Inc. (C) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;11-15-29 | 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141190 |
| Carvana Company (C) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;10-01-28 | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326250 |
| Lithia Motors, Inc. (C) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;06-01-29 | 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467324 |
| Lithia Motors, Inc. (C) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;01-15-31 | 675000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574695 |

---

SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT \| JOHN HANCOCK INVESTORS TRUST 3

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | **Value** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |  |  |  |  |
| **Textiles, apparel and luxury goods 0.5%** | **Textiles, apparel and luxury goods 0.5%** | **Textiles, apparel and luxury goods 0.5%** |  |  |  |
| Kontoor Brands, Inc. (C) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;11-15-29 |  | 720000 | &nbsp;&nbsp;&nbsp;&nbsp;$622778 |
| **Consumer staples 2.3%** | **Consumer staples 2.3%** |  |  |  | &nbsp;&nbsp;**2857014** |
| **Food products 1.6%** | **Food products 1.6%** | **Food products 1.6%** |  |  |  |
| Darling Ingredients, Inc. (C) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;06-15-30 |  | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59700 |
| JBS USA LUX SA (B)(C) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;04-01-33 |  | 840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823670 |
| Lamb Weston Holdings, Inc. (C) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;01-31-30 |  | 647000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583109 |
| Post Holdings, Inc. (B)(C) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;01-15-28 |  | 510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490875 |
| **Household products 0.7%** | **Household products 0.7%** | **Household products 0.7%** |  |  |  |
| Edgewell Personal Care Company (C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;06-01-28 |  | 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899660 |
| **Energy 18.2%** | **Energy 18.2%** |  |  |  | **22715307** |
| **Energy equipment and services 1.5%** | **Energy equipment and services 1.5%** | **Energy equipment and services 1.5%** |  |  |  |
| CSI Compressco LP (A)(B)(C) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;04-01-25 |  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469510 |
| CSI Compressco LP (C) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;04-01-25 |  | 380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356828 |
| CSI Compressco LP (10.000% Cash or 7.250% Cash and 3.500% PIK) (C) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;04-01-26 |  | 1236699 | &nbsp;&nbsp;&nbsp;&nbsp;1047806 |
| **Oil, gas and consumable fuels 16.7%** | **Oil, gas and consumable fuels 16.7%** | **Oil, gas and consumable fuels 16.7%** |  |  |  |
| Antero Midstream Partners LP (B)(C) | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;06-15-29 |  | 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394719 |
| Antero Resources Corp. (B)(C) | &nbsp;&nbsp;7.625 | &nbsp;&nbsp;02-01-29 |  | 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317006 |
| Cenovus Energy, Inc. (B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;11-15-39 |  | 398000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435969 |
| Cheniere Energy Partners LP | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;01-31-32 |  | 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271320 |
| Cheniere Energy Partners LP | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;10-01-29 |  | 1620000 | &nbsp;&nbsp;&nbsp;&nbsp;1519754 |
| DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (C) | &nbsp;&nbsp;5.850 | &nbsp;&nbsp;05-21-43 |  | 560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553000 |
| Delek Logistics Partners LP (C) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;06-01-28 |  | 535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490724 |
| Enbridge, Inc. (7.625% to 1-15-33, then 5 Year CMT + 4.418% to 1-15-53, then 5 Year CMT + 5.168%) (B) | &nbsp;&nbsp;7.625 | &nbsp;&nbsp;01-15-83 |  | 1055000 | &nbsp;&nbsp;&nbsp;&nbsp;1087685 |
| Energy Transfer LP (B) | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;04-15-27 |  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;966262 |
| Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (D) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;05-15-30 |  | 1285000 | &nbsp;&nbsp;&nbsp;&nbsp;1173848 |
| EQM Midstream Partners LP (C) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;06-01-30 |  | 531000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530336 |
| MEG Energy Corp. (C) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;02-01-29 |  | 237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226335 |
| New Fortress Energy, Inc. (B)(C) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;09-30-26 |  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920160 |
| Occidental Petroleum Corp. (B) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;12-01-25 |  | 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453033 |
| Occidental Petroleum Corp. (A)(B) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;09-01-28 |  | 840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;872623 |
| Occidental Petroleum Corp. (B) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;09-01-30 |  | 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360960 |
| Odebrecht Oil & Gas Finance, Ltd., Zero Coupon (C)(D) | &nbsp;&nbsp;0.000 | &nbsp;&nbsp;03-03-23 |  | 100959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38 |
| Parkland Corp. (B)(C) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;07-15-27 |  | 1150000 | &nbsp;&nbsp;&nbsp;&nbsp;1103195 |
| Parsley Energy LLC (B)(C) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;02-15-28 |  | 1115000 | &nbsp;&nbsp;&nbsp;&nbsp;1035734 |
| Petroleos Mexicanos | &nbsp;&nbsp;6.700 | &nbsp;&nbsp;02-16-32 |  | 632000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524601 |
| Petroleos Mexicanos | &nbsp;&nbsp;7.470 | &nbsp;&nbsp;11-12-26 | &nbsp;&nbsp;MXN | 31356000 | &nbsp;&nbsp;&nbsp;&nbsp;1439997 |
| Sabine Pass Liquefaction LLC (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-15-27 |  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;1001847 |
| Southwestern Energy Company (B) | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;09-15-28 |  | 1570000 | &nbsp;&nbsp;&nbsp;&nbsp;1649034 |
| Sunoco LP (B) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;04-30-30 |  | 374000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333178 |
| Talos Production, Inc. (B) | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;01-15-26 |  | 660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699600 |
| Targa Resources Partners LP (B) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;03-01-30 |  | 770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751227 |
| The Oil and Gas Holding Company BSCC (C) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;10-25-27 |  | 1155000 | &nbsp;&nbsp;&nbsp;&nbsp;1199212 |
| Venture Global Calcasieu Pass LLC (B)(C) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;01-15-30 |  | 520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529766 |
| **Financials 25.1%** | **Financials 25.1%** |  |  |  | **31415692** |
| **Banks 16.4%** | **Banks 16.4%** | **Banks 16.4%** |  |  |  |
| Bank of America Corp. (6.100% to 3-17-25, then 3 month LIBOR + 3.898%) (B)(D) | &nbsp;&nbsp;6.100 | &nbsp;&nbsp;03-17-25 |  | 2760000 | &nbsp;&nbsp;&nbsp;&nbsp;2761104 |
| Barclays PLC (8.000% to 3-15-29, then 5 Year CMT + 5.431%) (D) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;03-15-29 |  | 2200000 | &nbsp;&nbsp;&nbsp;&nbsp;2209130 |

---

4 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Financials (continued)** | **Financials (continued)** |  |  |  |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |  |  |
| BNP Paribas SA (6.625% to 3-25-24, then 5 Year U.S. Swap Rate + 4.149%) (C)(D) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;03-25-24 | 501000 | &nbsp;&nbsp;&nbsp;$494111 |
| BNP Paribas SA (9.250% to 11-17-27, then 5 Year CMT + 4.969%) (C)(D) | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;11-17-27 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;434400 |
| Citizens Financial Group, Inc. (5.650% to 10-6-25, then 5 Year CMT + 5.313%) (D) | &nbsp;&nbsp;5.650 | &nbsp;&nbsp;10-06-25 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;987480 |
| Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) (B)(C)(D) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;01-23-24 | 865000 | &nbsp;&nbsp;&nbsp;&nbsp;864135 |
| Credit Agricole SA (8.125% to 12-23-25, then 5 Year U.S. Swap Rate + 6.185%) (B)(C)(D) | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;12-23-25 | 1495000 | &nbsp;&nbsp;1540941 |
| Freedom Mortgage Corp. (C) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;01-15-27 | 795000 | &nbsp;&nbsp;&nbsp;&nbsp;661535 |
| Freedom Mortgage Corp. (C) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;04-15-25 | 709000 | &nbsp;&nbsp;&nbsp;&nbsp;674141 |
| ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (A)(B)(D) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;04-16-25 | 1135000 | &nbsp;&nbsp;1109542 |
| JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (B)(D) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-01-24 | 3500000 | &nbsp;&nbsp;3535280 |
| NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (D) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;12-29-25 | 675000 | &nbsp;&nbsp;&nbsp;&nbsp;644625 |
| Societe Generale SA (7.875% to 12-18-23, then 5 Year U.S. Swap Rate + 4.979%) (C)(D) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;12-18-23 | 293000 | &nbsp;&nbsp;&nbsp;&nbsp;291535 |
| The PNC Financial Services Group, Inc. (6.000% to 5-15-27, then 5 Year CMT + 3.000%) (B)(D) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;05-15-27 | 1365000 | &nbsp;&nbsp;1358039 |
| The Toronto-Dominion Bank (8.125% to 10-31-27, then 5 Year CMT + 4.075%) (B) | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;10-31-82 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;636750 |
| U.S. Bancorp (3.700% to 1-15-27, then 5 Year CMT + 2.541%) (B)(D) | &nbsp;&nbsp;3.700 | &nbsp;&nbsp;01-15-27 | 930000 | &nbsp;&nbsp;&nbsp;&nbsp;812588 |
| Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (B)(D) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;06-15-25 | 1565000 | &nbsp;&nbsp;1557488 |
| **Capital markets 0.4%** | **Capital markets 0.4%** | **Capital markets 0.4%** |  |  |
| The Charles Schwab Corp. (5.000% to 6-1-27, then 5 Year CMT + 3.256%) (B)(D) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-01-27 | 530000 | &nbsp;&nbsp;&nbsp;&nbsp;511450 |
| **Consumer finance 4.3%** | **Consumer finance 4.3%** | **Consumer finance 4.3%** |  |  |
| Ally Financial, Inc. (A)(B) | &nbsp;&nbsp;5.800 | &nbsp;&nbsp;05-01-25 | 2000000 | &nbsp;&nbsp;2022565 |
| Ally Financial, Inc. (B) | &nbsp;&nbsp;7.100 | &nbsp;&nbsp;11-15-27 | 910000 | &nbsp;&nbsp;&nbsp;&nbsp;960377 |
| Avation Capital SA (8.250% Cash or 9.000% PIK) (C) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;10-31-26 | 750961 | &nbsp;&nbsp;&nbsp;&nbsp;642072 |
| Enova International, Inc. (C) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;09-15-25 | 1200000 | &nbsp;&nbsp;1141500 |
| World Acceptance Corp. (C) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;11-01-26 | 737000 | &nbsp;&nbsp;&nbsp;&nbsp;569333 |
| **Insurance 3.6%** | **Insurance 3.6%** | **Insurance 3.6%** |  |  |
| Athene Holding, Ltd. (B) | &nbsp;&nbsp;6.150 | &nbsp;&nbsp;04-03-30 | 1500000 | &nbsp;&nbsp;1547461 |
| Athene Holding, Ltd. (B) | &nbsp;&nbsp;6.650 | &nbsp;&nbsp;02-01-33 | 620000 | &nbsp;&nbsp;&nbsp;&nbsp;655067 |
| Prudential Financial, Inc. (3.700% to 7-1-30, then 5 Year CMT + 3.035%) (B) | &nbsp;&nbsp;3.700 | &nbsp;&nbsp;10-01-50 | 2100000 | &nbsp;&nbsp;1807971 |
| SBL Holdings, Inc. (B)(C) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-18-31 | 587000 | &nbsp;&nbsp;&nbsp;&nbsp;488200 |
| **Mortgage real estate investment trusts 0.4%** | **Mortgage real estate investment trusts 0.4%** | **Mortgage real estate investment trusts 0.4%** |  |  |
| Starwood Property Trust, Inc. (B)(C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;11-01-23 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;496872 |
| **Health care 6.3%** | **Health care 6.3%** |  |  | **7896554** |
| **Health care equipment and supplies 0.9%** | **Health care equipment and supplies 0.9%** | **Health care equipment and supplies 0.9%** |  |  |
| GE HealthCare Technologies, Inc. (B)(C) | &nbsp;&nbsp;5.857 | &nbsp;&nbsp;03-15-30 | 520000 | &nbsp;&nbsp;&nbsp;&nbsp;551853 |
| Varex Imaging Corp. (C) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;10-15-27 | 615000 | &nbsp;&nbsp;&nbsp;&nbsp;611747 |
| **Health care providers and services 4.7%** | **Health care providers and services 4.7%** | **Health care providers and services 4.7%** |  |  |
| Centene Corp. | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;02-15-30 | 515000 | &nbsp;&nbsp;&nbsp;&nbsp;452747 |
| Centene Corp. | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;12-15-29 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;380024 |
| DaVita, Inc. (C) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;02-15-31 | 440000 | &nbsp;&nbsp;&nbsp;&nbsp;342100 |
| Encompass Health Corp. | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;02-01-30 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;549996 |
| HCA, Inc. | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;09-01-30 | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;627430 |

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SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT \| JOHN HANCOCK INVESTORS TRUST 5

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Health care (continued)** | **Health care (continued)** |  |  |  |
| **Health care providers and services (continued)** | **Health care providers and services (continued)** | **Health care providers and services (continued)** |  |  |
| HCA, Inc. | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;06-15-47 | 1760000 | &nbsp;&nbsp;&nbsp;$1673446 |
| HealthEquity, Inc. (C) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;10-01-29 | 810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725193 |
| U.S. Renal Care, Inc. (C) | &nbsp;&nbsp;10.625 | &nbsp;&nbsp;07-15-27 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325000 |
| Universal Health Services, Inc. (B) | &nbsp;&nbsp;2.650 | &nbsp;&nbsp;10-15-30 | 895000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754568 |
| **Pharmaceuticals 0.7%** | **Pharmaceuticals 0.7%** | **Pharmaceuticals 0.7%** |  |  |
| Bausch Health Companies, Inc. (C) | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;01-30-28 | 86000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85678 |
| Bausch Health Companies, Inc. (C) | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;09-30-28 | 153000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119707 |
| Bausch Health Companies, Inc. (C) | &nbsp;&nbsp;14.000 | &nbsp;&nbsp;10-15-30 | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18727 |
| Organon & Company (B)(C) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;04-30-28 | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;678338 |
| **Industrials 17.0%** | **Industrials 17.0%** |  |  | **21211141** |
| **Aerospace and defense 1.6%** | **Aerospace and defense 1.6%** | **Aerospace and defense 1.6%** |  |  |
| Bombardier, Inc. (C) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;06-15-26 | 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568638 |
| Bombardier, Inc. (A)(B)(C) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;04-15-27 | 1380000 | &nbsp;&nbsp;&nbsp;&nbsp;1378824 |
| **Air freight and logistics 0.1%** | **Air freight and logistics 0.1%** | **Air freight and logistics 0.1%** |  |  |
| Watco Companies LLC (C) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;06-15-27 | 164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154836 |
| **Airlines 3.2%** | **Airlines 3.2%** | **Airlines 3.2%** |  |  |
| American Airlines 2013-1 Class A Pass Through Trust (B) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;07-15-25 | 351222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318734 |
| American Airlines, Inc. (B)(C) | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;07-15-25 | 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;1224361 |
| Delta Air Lines, Inc. (A)(B) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;01-15-26 | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728591 |
| United Airlines 2020-1 Class A Pass Through Trust (B) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;10-15-27 | 369721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369721 |
| United Airlines 2020-1 Class B Pass Through Trust (B) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;01-15-26 | 1447724 | &nbsp;&nbsp;&nbsp;&nbsp;1397053 |
| Virgin Australia Holdings Proprietary, Ltd. (C)(E) | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;11-15-24 | 602317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3012 |
| **Building products 0.3%** | **Building products 0.3%** | **Building products 0.3%** |  |  |
| Builders FirstSource, Inc. (C) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-01-30 | 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344986 |
| **Commercial services and supplies 2.3%** | **Commercial services and supplies 2.3%** | **Commercial services and supplies 2.3%** |  |  |
| Allied Universal Holdco LLC (C) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;07-15-26 | 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;1059025 |
| APX Group, Inc. (C) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;07-15-29 | 665000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575269 |
| Cimpress PLC (C) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;06-15-26 | 1020000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;708180 |
| Clean Harbors, Inc. (C) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;02-01-31 | 459000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467583 |
| **Construction and engineering 2.3%** | **Construction and engineering 2.3%** | **Construction and engineering 2.3%** |  |  |
| AECOM (B) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;03-15-27 | 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;884340 |
| Global Infrastructure Solutions, Inc. (C) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;06-01-29 | 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533000 |
| MasTec, Inc. (B)(C) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;08-15-28 | 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417122 |
| Tutor Perini Corp. (A)(B)(C) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;05-01-25 | 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574631 |
| Williams Scotsman International, Inc. (B)(C) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;06-15-25 | 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427091 |
| **Electrical equipment 0.6%** | **Electrical equipment 0.6%** | **Electrical equipment 0.6%** |  |  |
| Atkore, Inc. (C) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;06-01-31 | 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302720 |
| Vertiv Group Corp. (B)(C) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;11-15-28 | 564000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;489067 |
| **Machinery 0.9%** | **Machinery 0.9%** | **Machinery 0.9%** |  |  |
| JB Poindexter & Company, Inc. (C) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;04-15-26 | 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;617188 |
| TK Elevator U.S. Newco, Inc. (C) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;07-15-27 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555342 |
| **Road and rail 2.6%** | **Road and rail 2.6%** | **Road and rail 2.6%** |  |  |
| The Hertz Corp. (C) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;12-01-26 | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71200 |
| Uber Technologies, Inc. (A)(B)(C) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;01-15-28 | 1165000 | &nbsp;&nbsp;&nbsp;&nbsp;1139915 |
| Uber Technologies, Inc. (C) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;09-15-27 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609222 |
| Uber Technologies, Inc. (C) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;11-01-26 | 1350000 | &nbsp;&nbsp;&nbsp;&nbsp;1381914 |
| **Trading companies and distributors 3.1%** | **Trading companies and distributors 3.1%** | **Trading companies and distributors 3.1%** |  |  |
| Ashland LLC | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;05-15-43 | 845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842910 |
| Ashtead Capital, Inc. (B)(C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;08-11-32 | 480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481462 |
| Beacon Roofing Supply, Inc. (C) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;05-15-29 | 980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844840 |

---

6 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Industrials (continued)** | **Industrials (continued)** |  |  |  |
| **Trading companies and distributors (continued)** | **Trading companies and distributors (continued)** | **Trading companies and distributors (continued)** |  |  |
| Boise Cascade Company (C) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;07-01-30 | 625000 | &nbsp;&nbsp;&nbsp;&nbsp;$562064 |
| United Rentals North America, Inc. | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;07-15-30 | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630098 |
| WESCO Distribution, Inc. (B)(C) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;06-15-28 | 535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548202 |
| **Information technology 9.3%** | **Information technology 9.3%** |  |  | **11658534** |
| **IT services 2.2%** | **IT services 2.2%** | **IT services 2.2%** |  |  |
| Block, Inc. (A)(B) | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;06-01-31 | 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271380 |
| Sabre GLBL, Inc. (B)(C) | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;04-15-25 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;1025955 |
| Sixsigma Networks Mexico SA de CV (C) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;05-02-25 | 725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676063 |
| Virtusa Corp. (C) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;12-15-28 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840000 |
| **Semiconductors and semiconductor equipment 1.6%** | **Semiconductors and semiconductor equipment 1.6%** | **Semiconductors and semiconductor equipment 1.6%** |  |  |
| Entegris Escrow Corp. (C) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;04-15-29 | 930000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871632 |
| Qorvo, Inc. (B)(C) | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;04-01-31 | 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;1157786 |
| **Software 2.1%** | **Software 2.1%** | **Software 2.1%** |  |  |
| Consensus Cloud Solutions, Inc. (A)(B)(C) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;10-15-26 | 405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387035 |
| Consensus Cloud Solutions, Inc. (C) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;10-15-28 | 960000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898762 |
| NCR Corp. (B)(C) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;04-15-29 | 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230829 |
| NCR Corp. (B)(C) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;10-01-30 | 535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462703 |
| Open Text Corp. (B)(C) | &nbsp;&nbsp;6.900 | &nbsp;&nbsp;12-01-27 | 616000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630630 |
| **Technology hardware, storage and peripherals 3.4%** | **Technology hardware, storage and peripherals 3.4%** | **Technology hardware, storage and peripherals 3.4%** |  |  |
| CDW LLC | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;02-15-29 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433102 |
| Dell International LLC (B) | &nbsp;&nbsp;8.350 | &nbsp;&nbsp;07-15-46 | 746000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900394 |
| Seagate HDD Cayman (B) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;12-01-34 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1376250 |
| Xerox Corp. (B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;12-15-39 | 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351044 |
| Xerox Holdings Corp. (B)(C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;08-15-28 | 1350000 | &nbsp;&nbsp;&nbsp;&nbsp;1144969 |
| **Materials 6.5%** | **Materials 6.5%** |  |  | &nbsp;&nbsp;**8063637** |
| **Chemicals 1.6%** | **Chemicals 1.6%** | **Chemicals 1.6%** |  |  |
| Braskem Idesa SAPI (C) | &nbsp;&nbsp;6.990 | &nbsp;&nbsp;02-20-32 | 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325864 |
| Orbia Advance Corp. SAB de CV (C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;01-15-48 | 835000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741447 |
| SCIL IV LLC (B)(C) | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;11-01-26 | 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284134 |
| Trinseo Materials Operating SCA (A)(B)(C) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;04-01-29 | 806000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580646 |
| **Containers and packaging 1.9%** | **Containers and packaging 1.9%** | **Containers and packaging 1.9%** |  |  |
| Graphic Packaging International LLC (C) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;02-01-30 | 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736112 |
| Sealed Air Corp. (B)(C) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;02-01-28 | 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262314 |
| Sealed Air Corp. (B)(C) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;07-15-33 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519685 |
| Trivium Packaging Finance BV (C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;08-15-26 | 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863946 |
| **Metals and mining 3.0%** | **Metals and mining 3.0%** | **Metals and mining 3.0%** |  |  |
| First Quantum Minerals, Ltd. (C) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;10-15-27 | 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;1357125 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;03-01-30 | 1150000 | &nbsp;&nbsp;&nbsp;&nbsp;1073239 |
| Novelis Corp. (B)(C) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;01-30-30 | 810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733050 |
| QVC, Inc. (B) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;09-01-28 | 107000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69013 |
| QVC, Inc. (B) | &nbsp;&nbsp;5.950 | &nbsp;&nbsp;03-15-43 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517062 |
| **Real estate 4.5%** | **Real estate 4.5%** |  |  | &nbsp;&nbsp;**5591996** |
| **Equity real estate investment trusts 4.5%** | **Equity real estate investment trusts 4.5%** | **Equity real estate investment trusts 4.5%** |  |  |
| American Tower Corp. (B) | &nbsp;&nbsp;3.800 | &nbsp;&nbsp;08-15-29 | 690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644867 |
| Diversified Healthcare Trust | &nbsp;&nbsp;9.750 | &nbsp;&nbsp;06-15-25 | 620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604872 |
| GLP Capital LP | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;04-15-26 | 815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;814169 |
| SBA Tower Trust (C) | &nbsp;&nbsp;6.599 | &nbsp;&nbsp;01-15-28 | 640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666778 |
| VICI Properties LP (B)(C) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;12-01-26 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;1887502 |
| VICI Properties LP (B)(C) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;12-01-29 | 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325933 |
| XHR LP (B)(C) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;06-01-29 | 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647875 |

---

SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT \| JOHN HANCOCK INVESTORS TRUST 7

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Utilities 3.4%** | **Utilities 3.4%** |  |  | **$4300301** |
| **Electric utilities 2.2%** | **Electric utilities 2.2%** | **Electric utilities 2.2%** |  |  |
| NRG Energy, Inc. (B)(C) | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;02-15-29 | 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227351 |
| NRG Energy, Inc. (B)(C) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;02-15-31 | 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340603 |
| NRG Energy, Inc. (B) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;01-15-27 | 336000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334467 |
| Vistra Operations Company LLC (B)(C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;09-01-26 | 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876548 |
| Vistra Operations Company LLC (B)(C) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;02-15-27 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;965732 |
| **Gas utilities 0.7%** | **Gas utilities 0.7%** | **Gas utilities 0.7%** |  |  |
| AmeriGas Partners LP (B) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;05-20-27 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;942520 |
| **Independent power and renewable electricity producers 0.5%** | **Independent power and renewable electricity producers 0.5%** | **Independent power and renewable electricity producers 0.5%** |  |  |
| Clearway Energy Operating LLC (C) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;03-15-28 | 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613080 |
| **Term loans (F) 3.6% (2.1% of Total investments)** | **Term loans (F) 3.6% (2.1% of Total investments)** | **Term loans (F) 3.6% (2.1% of Total investments)** |  | &nbsp;&nbsp;**$4523673** |
| (Cost $5,113,121) |  |  |  |  |
| **Communication services 0.8%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**963750** |
| **Media 0.8%** |  |  |  |  |
| AP Core Holdings II LLC, High-Yield Term Loan B2 (1 month LIBOR + 5.500%) | &nbsp;&nbsp;10.070 | &nbsp;&nbsp;09-01-27 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963750 |
| **Consumer discretionary 0.8%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**982860** |
| **Hotels, restaurants and leisure 0.8%** |  |  |  |  |
| Carnival Corp., USD Term Loan B (G) | &nbsp;&nbsp;TBD | &nbsp;&nbsp;06-30-25 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982860 |
| **Energy 0.3%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**429300** |
| **Oil, gas and consumable fuels 0.3%** |  |  |  |  |
| Ascent Resources Utica Holdings LLC, 2020 Fixed 2nd Lien Term Loan (3 month LIBOR + 9.000%) | &nbsp;&nbsp;13.815 | &nbsp;&nbsp;11-01-25 | 405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429300 |
| **Health care 0.9%** |  |  |  | &nbsp;&nbsp;&nbsp;**1121673** |
| **Pharmaceuticals 0.9%** |  |  |  |  |
| Bausch Health Companies, Inc., 2022 Term Loan B (1 month SOFR + 5.250%) | &nbsp;&nbsp;9.828 | &nbsp;&nbsp;02-01-27 | 1462492 | &nbsp;&nbsp;&nbsp;&nbsp;1121673 |
| **Industrials 0.8%** |  |  |  | &nbsp;&nbsp;&nbsp;**1026090** |
| **Airlines 0.8%** |  |  |  |  |
| AAdvantage Loyalty IP, Ltd., 2021 Term Loan (G) | &nbsp;&nbsp;TBD | &nbsp;&nbsp;04-20-28 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;1026090 |
| Global Aviation Holdings, Inc., PIK, 2nd Lien Term Loan (E)(H) | &nbsp;&nbsp;0.000 | &nbsp;&nbsp;07-13-21 | 51038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Global Aviation Holdings, Inc., PIK, 3rd Lien Term Loan (E)(H) | &nbsp;&nbsp;0.000 | &nbsp;&nbsp;03-13-22 | 514063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Collateralized mortgage obligations 0.1% (0.0% of Total investments)** | **Collateralized mortgage obligations 0.1% (0.0% of Total investments)** | **Collateralized mortgage obligations 0.1% (0.0% of Total investments)** |  | &nbsp;&nbsp;**$71058** |
| (Cost $103,663) |  |  |  |  |
| **Commercial and residential 0.1%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**63928** |
| HarborView Mortgage Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-3, Class ES IO (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-19-47 | &nbsp;&nbsp;&nbsp;&nbsp;1686968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17678 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-4, Class ES IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-19-47 | &nbsp;&nbsp;&nbsp;&nbsp;1739609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-6, Class ES IO (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-19-37 | &nbsp;&nbsp;&nbsp;&nbsp;1797537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23159 |
| **U.S. Government Agency 0.0%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7130** |
| Government National Mortgage Association |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2012-114, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-16-53 | &nbsp;&nbsp;&nbsp;&nbsp;459761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7130 |
| **Asset backed securities 4.7% (2.8% of Total investments)** | **Asset backed securities 4.7% (2.8% of Total investments)** | **Asset backed securities 4.7% (2.8% of Total investments)** |  | &nbsp;&nbsp;**$5894170** |
| (Cost $5,904,536) |  |  |  |  |
| **Asset backed securities 4.7%** |  |  |  | &nbsp;&nbsp;&nbsp;**5894170** |
| AMMC CLO 16, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-16A, Class AR2 (3 month LIBOR + 0.980%) (C)(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-14-29 | &nbsp;&nbsp;&nbsp;&nbsp;324580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323336 |
| AMMC CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-13A, Class A1R2 (3 month LIBOR + 1.050%) (C)(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-24-29 | &nbsp;&nbsp;&nbsp;&nbsp;1725655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1708914 |
| Barings CLO, Ltd. |  |  |  |  |

---

8 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Asset backed securities (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-IA, Class AR (3 month LIBOR + 0.800%) (C)(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-20-28 | &nbsp;&nbsp;&nbsp;&nbsp;159258 | &nbsp;&nbsp;&nbsp;&nbsp;$158298 |
| Concord Music Royalties LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class A2 (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-20-73 | &nbsp;&nbsp;&nbsp;&nbsp;850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844551 |
| ContiMortgage Home Equity Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 1995-2, Class A5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-25 | &nbsp;&nbsp;&nbsp;&nbsp;14561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14354 |
| Longfellow Place CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-1A, Class AR3 (3 month LIBOR + 1.000%) (C)(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-29 | &nbsp;&nbsp;&nbsp;&nbsp;172256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171638 |
| MVW LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class D (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-21-39 | &nbsp;&nbsp;&nbsp;&nbsp;896548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866519 |
| Neighborly Issuer |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1A, Class A2 (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-30-53 | &nbsp;&nbsp;&nbsp;&nbsp;1025000 | &nbsp;&nbsp;&nbsp;&nbsp;1004500 |
| OFSI BSL VIII, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-1A, Class AR (3 month LIBOR + 1.000%) (C)(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-16-29 | &nbsp;&nbsp;&nbsp;&nbsp;437941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434657 |
| Westgate Resorts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class C (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-20-34 | &nbsp;&nbsp;&nbsp;&nbsp;371358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367403 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common stocks 0.2% (0.1% of Total investments)** |  | &nbsp;&nbsp;**$270500** |
| (Cost $1,093,666) |  |  |
| **Communication services 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| **Media 0.0%** |  |  |
| Vertis Holdings, Inc. (H)(J) | 34014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Industrials 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| **Airlines 0.0%** |  |  |
| Global Aviation Holdings, Inc., Class A (H)(J) | 82159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Utilities 0.2%** |  | **270500** |
| **Multi-utilities 0.2%** |  |  |
| Algonquin Power & Utilities Corp. | 10000 | &nbsp;&nbsp;270500 |
| **Preferred securities 0.6% (0.4% of Total investments)** |  | &nbsp;&nbsp;**$693270** |
| (Cost $919,694) |  |  |
| **Energy 0.4%** |  | **475200** |
| **Oil, gas and consumable fuels 0.4%** | **Oil, gas and consumable fuels 0.4%** |  |
| Energy Transfer LP, 7.600% (7.600% to 5-15-24, then 3 month LIBOR + 5.161%) (A)(B) | &nbsp;&nbsp;19800 | &nbsp;&nbsp;&nbsp;475200 |
| **Industrials 0.2%** |  | **218070** |
| **Professional services 0.2%** | **Professional services 0.2%** |  |
| Clarivate PLC, 5.250% | &nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;218070 |
| **Warrants 0.0% (0.0% of Total investments)** |  | &nbsp;&nbsp;**$12284** |
| (Cost $0) |  |  |
| Avation Capital SA (Expiration Date: 10-31-26; Strike Price: GBP 114.50) (J) | 12775 | &nbsp;&nbsp;&nbsp;&nbsp;6142 |
| Avation PLC (Expiration Date: 10-31-26; Strike Price: GBP 114.50) (J) | 12775 | &nbsp;&nbsp;&nbsp;&nbsp;6142 |

---

---

| | | |
|:---|:---|:---|
|  | **Par value^** | **Value** |
| **Escrow certificates 0.0% (0.0% of Total investments)** |  | &nbsp;&nbsp;**$1323** |
| (Cost $0) |  |  |
| LSC Communications, Inc. (C)(J) | 2100000 | &nbsp;&nbsp;&nbsp;&nbsp;1323 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Yield (%)** | **Shares** | **Value** |
| **Short-term investments 6.5% (3.8% of Total investments)** | **Short-term investments 6.5% (3.8% of Total investments)** | **Short-term investments 6.5% (3.8% of Total investments)** | &nbsp;&nbsp;**$8070997** |
| (Cost $8,070,852) |  |  |  |
| **Short-term funds 6.5%** |  |  | &nbsp;&nbsp;&nbsp;**8070997** |
| John Hancock Collateral Trust (K) | &nbsp;&nbsp;4.3787(L) | 807277 | &nbsp;&nbsp;&nbsp;&nbsp;8070997 |

---

SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT \| JOHN HANCOCK INVESTORS TRUST 9

------

---

| | |
|:---|:---|
| **Total investments (Cost $227,119,310) 169.2%** | &nbsp;&nbsp;**$211298905** |
| **Other assets and liabilities, net (69.2%)** | &nbsp;&nbsp;**(86382100)** |
| **Total net assets 100.0%** | &nbsp;&nbsp;**$124916805** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated. | The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. | ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| **Currency Abbreviations** | **Currency Abbreviations** |
| GBP | Pound Sterling |
| MXN | Mexican Peso |
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| CMT | Constant Maturity Treasury |
| IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |
| LIBOR | London Interbank Offered Rate |
| PIK | Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate. |
| SOFR | Secured Overnight Financing Rate |
| (A) | All or a portion of this security is on loan as of 1-31-23, and is a component of the fund's leverage under the Liquidity Agreement. |
| (B) | All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 1-31-23 was $106,777,313. A portion of the securities pledged as collateral were loaned pursuant to the Liquidity Agreement. The value of securities on loan amounted to $29,904,938. |
| (C) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $101,362,721 or 81.1% of the fund's net assets as of 1-31-23. |
| (D) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
| (E) | Non-income producing - Issuer is in default. |
| (F) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
| (G) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined). |
| (H) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (I) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
| (J) | Non-income producing security. |
| (K) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
| (L) | The rate shown is the annualized seven-day yield as of 1-31-23. |

---

The fund had the following country composition as a percentage of total investments on 1-31-23:

---

| | |
|:---|:---|
| United States | &nbsp;&nbsp;&nbsp;&nbsp;79.6% |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;4.5% |
| Mexico | &nbsp;&nbsp;&nbsp;&nbsp;3.2% |
| France | &nbsp;&nbsp;&nbsp;&nbsp;2.6% |
| Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;2.0% |
| Cayman Islands | &nbsp;&nbsp;&nbsp;&nbsp;2.0% |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;1.4% |
| Bermuda | &nbsp;&nbsp;&nbsp;&nbsp;1.3% |
| Other countries | &nbsp;&nbsp;&nbsp;&nbsp;3.4% |
| **TOTAL** | **100.0%** |

---

10 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

------

#### DERIVATIVES

#### FORWARD FOREIGN CURRENCY CONTRACTS

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract to buy** | **Contract to buy** | **Contract to sell** | **Contract to sell** | **Counterparty (OTC)** | **Contractual<br> settlement<br> date** | **Unrealized<br> appreciation** | **Unrealized<br> depreciation** |
| USD | 2480042 | MXN | 47970487 | GSI | 3/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;$(48768) |
| USD | &nbsp;&nbsp;&nbsp;139976 | MXN | &nbsp;&nbsp;2650000 | MSI | 3/15/2023 | &nbsp;&nbsp;$278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  |  |  |  | **$278** | **$(48768)** |

---

---

| | |
|:---|:---|
| **Derivatives Currency Abbreviations** | **Derivatives Currency Abbreviations** |
| MXN | Mexican Peso |
| USD | U.S. Dollar |

---

---

| | |
|:---|:---|
| **Derivatives Abbreviations** | **Derivatives Abbreviations** |
| GSI | Goldman Sachs International |
| MSI | Morgan Stanley & Co. International PLC |
| OTC | Over-the-counter |

---

SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT \| JOHN HANCOCK INVESTORS TRUST 11

------

Notes to Fund's investments (unaudited)

**Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Advisor's Valuation Policies and Procedures.**

In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund's investments as of January 31, 2023, by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 1-31-23** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Government and Agency obligations | **$18844727** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $18844727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign government obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**510343** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**172406560** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172406560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4523673** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4523673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateralized mortgage obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**71058** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset backed securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5894170** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5894170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**270500** | $270500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**693270** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12284** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Escrow certificates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1323** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8070997** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8070997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$211298905** | **$9040909** | **$202257996** | **—** |
| **Derivatives:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | **$278** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(48768)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48768) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* |

---

---

| | |
|:---|:---|
| 12 | \| |

---

------

**Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund's fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Dividends and distributions** | **Dividends and distributions** |  |
| **Affiliate** | **Ending<br> share<br> amount** | **Beginning<br> value** | **Cost of<br> purchases** | **Proceeds<br> from shares<br> sold** | **Realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Income<br> distributions<br> received** | **Capital gain<br> distributions<br> received** | **Ending<br> value** |
| John Hancock Collateral Trust | 807277 | $8200704 | $16871087 | $(17004349) | $2831 | $724 | $56193 |  | $8070997 |

---

For additional information on the fund's significant accounting policies and risks, please refer to the fund's most recent semiannual or annual shareholder report and prospectus.

\|<sub>13</sub>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** John Hancock Investors Trust

- **b. Investment Company Act file number:** 811-04173

- **c. CIK number of Registrant:** 0000759828

- **d. LEI of Registrant:** 5493007QBXBOZDX6R464

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

  - **Street Address 1:** 200 Berkeley Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02116

  - **Telephone number:** 617-312-0176

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

- **a. Name of Series:** John Hancock Investors Trust

- **c. LEI of Series:** 5493007QBXBOZDX6R464

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $215864086.50

**Total Liabilities:** $90950898.57

**Net Assets:** $124913187.93

**Cash Not Reported:** $7304.82

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -145.728276000000 | **1-Year:** -4246.772706000000 | **5-Year:** -10074.987457000000 | **10-Year:** -7990.351966000000 | **30-Year:** -2860.256279000000

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

- **3-Month:** -334.983633000000 | **1-Year:** -9214.724238000000 | **5-Year:** -26495.166125000000 | **10-Year:** -11943.889050000000 | **30-Year:** -1561.692750000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 7.36%                | -3.63%               | 9.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-337732.04              | $3576876.18                                |
| Month 2  | $80863.95                | $-2030932.56                               |
| Month 3  | $-2681391.90             | $10067866.88                               |

**Designated Index Information**

- **Index Name:** Fund's Designated Reference Portfolio is the Fund's Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Altice France                                                       | ALTICE SA SR SECURED 144A 10/29 5.5                             | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1250000 | PA      | $988369.69    | 0.79%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ashland LLC                                                         | ASHLAND LLC COMPANY GUAR 05/43 6.875                            | CUSIP: 044209AM6<br>LEI: 6O4MRU8C1MS0K34UQF79 | Long             | DBT              | CORP              | US        |    845000 | PA      | $842909.52    | 0.67%             | 2043-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                     | BOMBARDIER INC SR UNSECURED 144A 04/27 7.875                    | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1380000 | PA      | $1378823.92   | 1.10%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC/CCO Holdings Capital Corp.                         | CCO HLDGS LLC 01/34 4.25                                        | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    860000 | PA      | $670413.00    | 0.54%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lions Gate Capital Holdings LLC                                     | LIONS GATE CAPITAL HOLDINGS LL COMPANY GUAR 144A 04/29 5.5      | CUSIP: 53627NAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    774000 | PA      | $503100.00    | 0.40%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Macy's Retail Holdings LLC                                          | MACY'S RETAIL HOLDINGS LLC COMPANY GUAR 144A 04/29 5.875        | CUSIP: 55617LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $441756.65    | 0.35%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings Inc.                                           | MAGALLANES INC COMPANY GUAR 144A 03/32 4.279                    | CUSIP: 55903VAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $462776.51    | 0.37%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Sotheby's                                                           | SOTHEBY'S SR SECURED 144A 10/27 7.375                           | CUSIP: 835898AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1392685.49   | 1.11%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL / CONNECT U SR SECURED 144A 10/26 6.75           | CONNECT FINCO SARL / CONNECT U 10/26 6.75                       | CUSIP: 20752TAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1110000 | PA      | $1061437.50   | 0.85%             | 2026-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Consensus Cloud Solutions Inc.                                      | CONSENSUS CLOUD SOLUTIONS INC COMPANY GUAR 144A 10/26 6         | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $387035.40    | 0.31%             | 2026-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                            | HCA INC COMPANY GUAR 09/30 3.5                                  | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    700000 | PA      | $627429.52    | 0.50%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MasTec Inc.                                                         | MASTEC INC COMPANY GUAR 144A 08/28 4.5                          | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    450000 | PA      | $417122.42    | 0.33%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                           | TORONTO-DOMINION BANK/THE JR SUBORDINA 10/82 VAR                | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $636750.00    | 0.51%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Trivium Packaging Finance B.V.                                      | TRIVIUM PACKAGING FINANCE BV SR SECURED 144A 08/26 5.5          | CUSIP: 89686QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    900000 | PA      | $863946.00    | 0.69%             | 2026-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                               | UBER TECHNOLOGIES INC COMPANY GUAR 144A 09/27 7.5               | CUSIP: 90353TAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $609222.00    | 0.49%             | 2027-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| United States Cellular Corporation                                  | UNITED STATES CELLULAR CORP SR UNSECURED 12/33 6.7              | CUSIP: 911684AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1762350.00   | 1.41%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PARTNERS LP / AMERIGA SR UNSECURED 05/27 5.75              | AMERIGAS PARTNERS LP / AMERIGA SR UNSECURED 05/27 5.75          | CUSIP: 030981AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $942520.00    | 0.75%             | 2027-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ContiMortgage Home Equity Loan Trust 1995-2                         | CONTIMORTGAGE HOME EQUITY LOAN CONHE 1995 2 A5                  | CUSIP: 21075WBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14561 | PA      | $14353.70     | 0.01%             | 2025-08-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| Universal Health Services Inc.                                      | UNIVERSAL HEALTH SERVICES INC SR SECURED 10/30 2.65             | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    895000 | PA      | $754567.88    | 0.60%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Varex Imaging Corporation                                           | VAREX IMAGING CORP 10/27 7.875                                  | CUSIP: 92214XAC0<br>LEI: 549300CWYWPVCT8E9W67 | Long             | DBT              | CORP              | US        |    615000 | PA      | $611746.65    | 0.49%             | 2027-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                              | XHR LP SR SECURED 144A 06/29 4.875                              | CUSIP: 98372MAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $647875.00    | 0.52%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Altice Financing S.A.                                               | ALTICE FINANCING SA SR SECURED 144A 08/29 5.75                  | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $335962.22    | 0.27%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc.                                              | AMERICAN AIRLINES INC SR SECURED 144A 07/25 11.75               | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1224360.50   | 0.98%             | 2025-07-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| American Airlines 2013-1 Class A Pass Through Trust                 | AMERICAN AIRLINES 2013-1 CLASS AMER AIRLN 13 1 A PASS T         | CUSIP: 023772AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    351222 | PA      | $318733.57    | 0.26%             | 2025-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP / COMPANY GUAR 144A 06/29 5.375        | ANTERO MIDSTREAM PARTNERS LP / COMPANY GUAR 144A 06/29 5.375    | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $394718.75    | 0.32%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Tutor Perini Corporation                                            | TUTOR PERINI CORP COMPANY GUAR 144A 05/25 6.875                 | CUSIP: 901109AF5<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |    645000 | PA      | $574630.50    | 0.46%             | 2025-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Choice Hotels International Inc.                                    | CHOICE HOTELS INTERNATIONAL IN SR UNSECURED 12/29 3.7           | CUSIP: 169905AF3<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    760000 | PA      | $684066.59    | 0.55%             | 2029-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Virtusa Corporation                                                 | AUSTIN BIDCO INC SR UNSECURED 144A 12/28 7.125                  | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $840000.00    | 0.67%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AVATION CAPITAL SA WARRANTS                                         | AVATION CAPITAL SA WARRANTS                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     12775 | NS      | $6142.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Altice France Holding S.A.                                          | ALTICE FRANCE HOLDING SA COMPANY GUAR 144A 02/28 6              | CUSIP: 02156TAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    710000 | PA      | $479045.08    | 0.38%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd.                                                 | ATHENE HOLDING LTD SR UNSECURED 02/33 6.65                      | CUSIP: 04686JAF8<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | BM        |    620000 | PA      | $655067.06    | 0.52%             | 2033-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                        | BAUSCH HEALTH COS INC SR SECURED 144A 09/28 11                  | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | US        |    153000 | PA      | $119707.20    | 0.10%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                    | CSC HOLDINGS LLC COMPANY GUAR 144A 04/27 5.5                    | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    575000 | PA      | $506402.50    | 0.41%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Centene Corporation                                                 | CENTENE CORP SR UNSECURED 02/30 3.375                           | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    515000 | PA      | $452746.80    | 0.36%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                                | CREDIT AGRICOLE SA JR SUBORDINA 144A 01/49 VAR                  | CUSIP: 225313AD7<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    865000 | PA      | $864135.00    | 0.69%             | 2024-01-23      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                   | VENTURE GLOBAL CALCASIEU PASS SR SECURED 144A 01/30 6.25        | CUSIP: 92328MAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $529765.60    | 0.42%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Travel + Leisure Co.                                                | WYNDHAM DESTINATIONS INC SR SECURED 144A 07/26 6.625            | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    465000 | PA      | $461452.84    | 0.37%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Grupo Televisa S.A.B.                                               | GRUPO TELEVISA SAB SR UNSECURED 05/37 8.49                      | CUSIP: EG6742670<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |  26200000 | PA      | $1156915.64   | 0.93%             | 2037-05-11      | Fixed         | 8.49%                 | No            |                  2 | On Loan: No      |
| Clarivate PLC                                                       | CLARIVATE PLC PREFERRED STOCK 06/24 5.25                        | CUSIP: EP0598771<br>LEI: N/A                  | Long             | EP               | CORP              | GB        |      4500 | NS      | $218070.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                                    | UNITED STATES TREASURY NOTE/BO 03/25 0.5                        | CUSIP: 912828ZF0<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   5000000 | PA      | $4632812.50   | 3.71%             | 2025-03-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Vertis Holdings Inc.                                                | VERTIS HLDGS INC COM                                            | CUSIP: 92599V931<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34014 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Virgin Australia Holdings Pty Limited                               | VIRGIN AUSTRALIA HOLDINGS PTY COMPANY GUAR 144A 11/24 8.125     | CUSIP: 92765YAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    602317 | PA      | $3011.58      | 0.00%             | 2024-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners L.P.                                       | CHENIERE ENERGY PARTNERS LP COMPANY GUAR 10/29 4.5              | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1519754.40   | 1.22%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                                       | VISTRA OPERATIONS CO LLC COMPANY GUAR 144A 09/26 5.5            | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    900000 | PA      | $876548.49    | 0.70%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wyndham Hotels and Resorts Inc.                                     | WYNDHAM HOTELS and RESORTS INC COMPANY GUAR 144A 08/28 4.375    | CUSIP: 98311AAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $166015.01    | 0.13%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AMMC CLO XIII Limited                                               | AMMC CLO XIII LTD AMMC 2013 13A A1R2 144A                       | CUSIP: 00176DAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1725655 | PA      | $1708914.48   | 1.37%             | 2029-07-24      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                         | BANK OF AMERICA CORP JR SUBORDINA 12/49 VAR                     | CUSIP: 060505EN0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2761104.00   | 2.21%             | 2025-03-17      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| BARINGS CLO LTD 2013-I BABSN 2013 IA AR 144A                        | BARINGS CLO LTD 2013-I BABSN 2013 IA AR 144A                    | CUSIP: 06760EAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    159258 | PA      | $158297.62    | 0.13%             | 2028-01-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc.                                              | LEVEL 3 FINANCING INC COMPANY GUAR 144A 09/27 4.625             | CUSIP: 527298BN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1054648.84   | 0.84%             | 2027-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corporation                                    | OCCIDENTAL PETROLEUM CORP SR UNSECURED 09/28 6.375              | CUSIP: 674599EC5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    840000 | PA      | $872622.94    | 0.70%             | 2028-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRINSEO MATERIALS OPERATING SC COMPANY GUAR 144A 04/29 5.125        | TRINSEO MATERIALS OPERATING SC COMPANY GUAR 144A 04/29 5.125    | CUSIP: 89668QAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    806000 | PA      | $580646.40    | 0.46%             | 2029-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                | ASHTEAD CAPITAL INC COMPANY GUAR 144A 08/32 5.5                 | CUSIP: 04505AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $481461.55    | 0.39%             | 2032-08-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc.                                                 | CENOVUS ENERGY INC SR UNSECURED 11/39 6.75                      | CUSIP: 15135UAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    398000 | PA      | $435968.87    | 0.35%             | 2039-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC / EMC C SR UNSECURED 07/46 8.35              | DELL INTERNATIONAL LLC / EMC C SR SECURED 07/46 8.35            | CUSIP: 24703TAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    746000 | PA      | $900394.24    | 0.72%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| Netflix Inc.                                                        | NETFLIX INC SR UNSECURED 11/28 5.875                            | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1073738.84   | 0.86%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                    | UNITED STATES TREASURY NOTE/BO 05/24 0.25                       | CUSIP: 91282CCC3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   9500000 | PA      | $8984550.81   | 7.19%             | 2024-05-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP / COMPANY GUAR 144A 06/28 7.125         | DELEK LOGISTICS PARTNERS LP / COMPANY GUAR 144A 06/28 7.125     | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $490723.70    | 0.39%             | 2028-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| The Hertz Corporation                                               | HERTZ CORP/THE COMPANY GUAR 144A 12/26 4.625                    | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |     80000 | PA      | $71200.00     | 0.06%             | 2026-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Stena International S.A.                                            | STENA INTERNATIONAL SA SR SECURED 144A 02/25 6.125              | CUSIP: 85858EAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    800000 | PA      | $756474.87    | 0.61%             | 2025-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                    | UNITED STATES TREASURY NOTE/BO 04/24 0.375                      | CUSIP: 91282CBV2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   5500000 | PA      | $5227363.30   | 4.18%             | 2024-04-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc.                                            | ZAYO GROUP HOLDINGS INC SR UNSECURED 144A 03/28 6.125           | CUSIP: 98919VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $495000.00    | 0.40%             | 2028-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                 | ALLY FINANCIAL INC SR UNSECURED 11/27 7.1                       | CUSIP: 02005NBR0<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    910000 | PA      | $960376.98    | 0.77%             | 2027-11-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                         | FIRST QUANTUM MINERALS LTD COMPANY GUAR 144A 10/27 6.875        | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1400000 | PA      | $1357125.00   | 1.09%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                                  | FORD MOTOR CO SR UNSECURED 01/43 4.75                           | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    683000 | PA      | $533158.75    | 0.43%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                                  | FORD MOTOR CO SR UNSECURED 02/32 3.25                           | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    204000 | PA      | $161908.09    | 0.13%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                            | GOVERNMENT NATIONAL MORTGAGE A GNR 2012 114 IO                  | CUSIP: 38378BE47<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    459761 | PA      | $7129.66      | 0.01%             | 2053-01-16      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                            | HCA INC SR SECURED 06/47 5.5                                    | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1673446.47   | 1.34%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc.                                                     | NRG ENERGY INC SR UNSECURED 144A 02/31 3.625                    | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    430000 | PA      | $340603.00    | 0.27%             | 2031-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction LLC                                        | SABINE PASS LIQUEFACTION LLC SR SECURED 03/27 5                 | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001847.47   | 0.80%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SoftBank Group Corp.                                                | SOFTBANK GROUP CORP SR UNSECURED REGS 09/27 5.125               | CUSIP: AP1047038<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $925176.29    | 0.74%             | 2027-09-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Full House Resorts Inc.                                             | FULL HOUSE RESORTS INC SR SECURED 144A 02/28 8.25               | CUSIP: 359678AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $624574.00    | 0.50%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                              | GENERAL MOTORS CO SR UNSECURED 10/27 6.8                        | CUSIP: 37045VAU4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1434000 | PA      | $1527144.67   | 1.22%             | 2027-10-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Iliad Holding                                                       | ILIAD HOLDING SAS SR SECURED 144A 10/26 6.5                     | CUSIP: 449691AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    905000 | PA      | $856994.28    | 0.69%             | 2026-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications Inc.                                           | IHEARTCOMMUNICATIONS INC COMPANY GUAR 05/27 8.375               | CUSIP: 45174HBD8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1075500.00   | 0.86%             | 2027-05-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JBS USA LUX SA / JBS USA FOOD COMPANY GUAR 144A 04/33 5.75          | JBS USA LUX SA / JBS USA FOOD SR UNSECURED 144A 04/33 5.75      | CUSIP: 46590XAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    840000 | PA      | $823670.40    | 0.66%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase and Co.                                              | JPMORGAN CHASE and CO JR SUBORDINA 01/49 VAR                    | CUSIP: 46625HJQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3535280.00   | 2.83%             | 2024-02-01      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Jacobs Entertainment Inc.                                           | JACOBS ENTERTAINMENT INC SR UNSECURED 144A 02/29 6.75           | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |    255000 | PA      | $237160.20    | 0.19%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Parkland Corporation                                                | PARKLAND FUEL CORP SR UNSECURED 144A 07/27 5.875                | CUSIP: 70137TAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $1103195.00   | 0.88%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PARSLEY ENERGY LLC / PARSLEY F COMPANY GUAR 144A 02/28 4.125        | PARSLEY ENERGY LLC / PARSLEY F COMPANY GUAR 144A 02/28 4.125    | CUSIP: 701885AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1035733.77   | 0.83%             | 2028-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Sixsigma Networks Mexico S.A. de C.V.                               | SIXSIGMA NETWORKS MEXICO SA DE COMPANY GUAR 144A 05/25 7.5      | CUSIP: 83006LAB9<br>LEI: 5493000VGOF3UCTUXW26 | Long             | DBT              | CORP              | MX        |    725000 | PA      | $676062.50    | 0.54%             | 2025-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                  | ENERGY TRANSFER OPERATING LP COMPANY GUAR 04/27 4.2             | CUSIP: 29273RBK4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $966261.92    | 0.77%             | 2027-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HealthEquity Inc.                                                   | HEALTHEQUITY INC COMPANY GUAR 144A 10/29 4.5                    | CUSIP: 42226AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $725193.00    | 0.58%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                      | ING GROEP NV JR SUBORDINA 12/49 VAR                             | CUSIP: 456837AF0<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1135000 | PA      | $1109541.95   | 0.89%             | 2025-04-16      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| KB Home                                                             | KB HOME COMPANY GUAR 07/30 7.25                                 | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224647.94    | 0.18%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                 | PETROLEOS MEXICANOS COMPANY GUAR 02/32 6.7                      | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    632000 | PA      | $524601.36    | 0.42%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corporation                                              | SEALED AIR CORP COMPANY GUAR 144A 07/33 6.875                   | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    500000 | PA      | $519685.00    | 0.42%             | 2033-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America) Inc.                                 | UNITED RENTALS NORTH AMERICA I COMPANY GUAR 07/30 4             | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    700000 | PA      | $630098.00    | 0.50%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                        | BARCLAYS PLC JR SUBORDINA 12/99 8                               | CUSIP: 06738EBX2<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2200000 | PA      | $2209130.00   | 1.77%             | 2029-03-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Carvana Co.                                                         | CARVANA CO COMPANY GUAR 144A 10/28 5.875                        | CUSIP: 146869AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $326250.00    | 0.26%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Centene Corporation                                                 | CENTENE CORP SR UNSECURED 12/29 4.625                           | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    400000 | PA      | $380024.00    | 0.30%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Clean Harbors Inc.                                                  | CLEAN HARBORS INC COMPANY GUAR 144A 02/31 6.375                 | CUSIP: 184496AQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    459000 | PA      | $467583.30    | 0.37%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                                       | CLEARWAY ENERGY OPERATING LLC COMPANY GUAR 144A 03/28 4.75      | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    650000 | PA      | $613080.00    | 0.49%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc.                                       | CITIZENS FINANCIAL GROUP 12/99 1                                | CUSIP: 174610AU9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987480.06    | 0.79%             | 2025-10-06      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                        | FREEDOM MORTGAGE CORP SR UNSECURED 144A 04/25 8.25              | CUSIP: 35640YAB3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    709000 | PA      | $674140.63    | 0.54%             | 2025-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                 | COMCAST CORP COMPANY GUAR 11/25 5.25                            | CUSIP: 20030NDZ1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021414.82   | 0.82%             | 2025-11-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                               | UBER TECHNOLOGIES INC COMPANY GUAR 144A 01/28 6.25              | CUSIP: 90353TAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1139914.64   | 0.91%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                        | FREEDOM MORTGAGE CORP SR UNSECURED 144A 01/27 6.625             | CUSIP: 35640YAG2<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    795000 | PA      | $661535.40    | 0.53%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Lcpr Senior Secured Financing Designated Activity Company           | LCPR SENIOR SECURED FINANCING SR SECURED 144A 10/27 6.75        | CUSIP: 50201DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    945000 | PA      | $920713.50    | 0.74%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| QVC Inc.                                                            | QVC INC SR SECURED 03/43 5.95                                   | CUSIP: 747262AM5<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $517061.82    | 0.41%             | 2043-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond                    | ARGENTINE REPUBLIC GOVERNMENT SR UNSECURED 07/41 VAR            | CUSIP: 040114HV5<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |   1500000 | PA      | $510343.25    | 0.41%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Asbury Automotive Group Inc.                                        | ASBURY AUTOMOTIVE GROUP INC COMPANY GUAR 144A 11/29 4.625       | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    160000 | PA      | $141190.40    | 0.11%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP / VICI Note Co Inc                               | VICI PROPERTIES LP / VICI NOTE COMPANY GUAR 144A 12/26 4.25     | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1887502.12   | 1.51%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP / VICI Note Co Inc                               | VICI PROPERTIES LP / VICI NOTE COMPANY GUAR 144A 12/29 4.625    | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $325933.49    | 0.26%             | 2029-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd.                                                 | ATHENE HOLDING LTD SR UNSECURED 04/30 6.15                      | CUSIP: 04686JAB7<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1547460.75   | 1.24%             | 2030-04-03      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                               | FREEPORT-MCMORAN INC COMPANY GUAR 03/30 4.25                    | CUSIP: 35671DCF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1073239.43   | 0.86%             | 2030-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust 2007-4                               | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2007 4 ES                  | CUSIP: 41164YAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1739609 | PA      | $23090.53     | 0.02%             | 2047-07-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust 2007-6                               | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2007 6 ES 144A             | CUSIP: 41165BAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1797537 | PA      | $23159.10     | 0.02%             | 2037-08-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Midas OpCo Holdings LLC                                             | MIDAS OPCO HOLDINGS LLC 08/29 5.625                             | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $876250.00    | 0.70%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts 2020-1 LLC                                         | WESTGATE RESORTS 2020-1 LLC WESTR 2020 1A C 144A                | CUSIP: 96034LAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    371358 | PA      | $367403.42    | 0.29%             | 2034-03-20      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                | CARNIVAL CORPORATION USD TERM LOAN B                            | CUSIP: P2121YAN8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | LON              | CORP              | US        |   1000000 | PA      | $982860.00    | 0.79%             | 2025-06-30      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| AMMC CLO 16 LTD AMMC 2015 16A AR2 144A                              | AMMC CLO 16 LTD AMMC 2015 16A AR2 144A                          | CUSIP: 00176JAT3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    324580 | PA      | $323335.78    | 0.26%             | 2029-04-14      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| SOLD MXN/BOUGHT USD                                                 | SOLD MXN/BOUGHT USD                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | MX        |         1 | NC      | $278.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                  | ENERGY TRANSFER LP PREFERRED STOCK VAR                          | CUSIP: 29273V605<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |     19800 | NS      | $475200.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| OFSI BSL VIII LTD OFSBS 2017 1A AR 144A                             | OFSI BSL VIII LTD OFSBS 2017 1A AR 144A                         | CUSIP: 67111CAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    437941 | PA      | $434656.61    | 0.35%             | 2029-08-16      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corporation                                    | OCCIDENTAL PETROLEUM CORP SR UNSECURED 09/30 6.625              | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    340000 | PA      | $360960.15    | 0.29%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corporation                                    | OCCIDENTAL PETROLEUM CORP SR UNSECURED 12/25 5.5                | CUSIP: 674599EE1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    450000 | PA      | $453033.00    | 0.36%             | 2025-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Total Play Telecomunicaciones S.A. de C.V.                          | TOTAL PLAY TELECOMUNICACIONES SR UNSECURED 144A 11/25 7.5       | CUSIP: 89157FAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   1210000 | PA      | $1128567.00   | 0.90%             | 2025-11-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Xerox Holdings Corporation                                          | XEROX HOLDINGS CORP COMPANY GUAR 144A 08/28 5.5                 | CUSIP: 98421MAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1144968.75   | 0.92%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                        | BAUSCH HEALTH COS INC SECURED 144A 10/30 14                     | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | US        |     30000 | PA      | $18726.58     | 0.01%             | 2030-10-15      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| DCP Midstream Operating LP                                          | DCP MIDSTREAM LLC JR SUBORDINA 144A 05/43 VAR                   | CUSIP: 23311RAH9<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    560000 | PA      | $553000.00    | 0.44%             | 2043-05-21      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES 2020-1 CLASS A PASS THRU CE 04/29 5.875             | UNITED AIRLINES 2020-1 CLASS A PASS THRU CE 04/29 5.875         | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    369721 | PA      | $369721.33    | 0.30%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES 2020-1 CLASS B PASS THRU CE 07/27 4.875             | UNITED AIRLINES 2020-1 CLASS B PASS THRU CE 07/27 4.875         | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1447724 | PA      | $1397053.18   | 1.12%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CONCORD MUSIC ROYALTIES LLC TUNES 2022 1A A2 144A                   | CONCORD MUSIC ROYALTIES LLC TUNES 2022 1A A2 144A               | CUSIP: 20633KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $844550.65    | 0.68%             | 2073-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Consensus Cloud Solutions Inc.                                      | CONSENSUS CLOUD SOLUTIONS INC COMPANY GUAR 144A 10/28 6.5       | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    960000 | PA      | $898761.60    | 0.72%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                                        | US BANCORP JR SUBORDINA 12/99 VAR                               | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    930000 | PA      | $812587.50    | 0.65%             | 2027-01-15      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| WESCO Distribution Inc.                                             | WESCO DISTRIBUTION INC COMPANY GUAR 144A 06/28 7.25             | CUSIP: 95081QAP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $548201.83    | 0.44%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMC Entertainment Holdings Inc.                                     | AMC ENTERTAINMENT HOLDINGS INC SECURED 144A 06/26 12            | CUSIP: 00165CAP9<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $543533.95    | 0.44%             | 2026-06-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Affinity Gaming                                                     | AFFINITY GAMING SR SECURED 144A 12/27 6.875                     | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    703000 | PA      | $629360.75    | 0.50%             | 2027-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Altice Financing S.A.                                               | ALTICE FINANCING SA SR SECURED 144A 01/28 5                     | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    510000 | PA      | $433647.90    | 0.35%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Entegris Escrow Corporation                                         | ENTEGRIS ESCROW CORP SR SECURED 144A 04/29 4.75                 | CUSIP: 29365BAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    930000 | PA      | $871631.87    | 0.70%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc.                                                  | EXPEDIA GROUP INC COMPANY GUAR 02/26 5                          | CUSIP: 30212PAM7<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000728.18   | 0.80%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc.                                                  | EXPEDIA GROUP INC COMPANY GUAR 08/27 4.625                      | CUSIP: 30212PBK0<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1097637.94   | 0.88%             | 2027-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AP Core Holdings II LLC                                             | AP CORE HOLDINGS II LLC HIGH YIELD TERM LOAN B2                 | CUSIP: 00187GAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $963750.00    | 0.77%             | 2027-09-01      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                     | BOMBARDIER INC SR UNSECURED 144A 06/26 7.125                    | CUSIP: 097751BV2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    570000 | PA      | $568637.70    | 0.46%             | 2026-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                       | FORD MOTOR CREDIT CO LLC SR UNSECURED 03/26 6.95                | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022580.00   | 0.82%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| The Goodyear Tire and Rubber Company                                | GOODYEAR TIRE and RUBBER CO/THE COMPANY GUAR 07/29 5            | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    550000 | PA      | $484511.50    | 0.39%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC/CCO Holdings Capital Corp.                         | CCO HOLDINGS LLC / CCO HOLDING SR UNSECURED 144A 09/29 6.375    | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1249675.00   | 1.00%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CEC Entertainment LLC                                               | CEC ENTERTAINMENT LLC SR SECURED 144A 05/26 6.75                | CUSIP: 125137AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    830000 | PA      | $767750.00    | 0.61%             | 2026-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Southwestern Energy Company                                         | SOUTHWESTERN ENERGY CO COMPANY GUAR 09/28 8.375                 | CUSIP: 845467AP4<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1649033.80   | 1.32%             | 2028-09-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JH COLLATERAL                                                       | JH COLLATERAL                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    807277 | NS      | $8070990.59   | 6.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Partners L.P.                                       | CHENIERE ENERGY PARTNERS LP COMPANY GUAR 01/32 3.25             | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    325000 | PA      | $271319.75    | 0.22%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients Inc.                                            | DARLING INGREDIENTS INC COMPANY GUAR 144A 06/30 6               | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59700.00     | 0.05%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA HOLDING SR SECURED 144A 11/26 5.375          | SCIL IV LLC / SCIL USA HOLDING SR SECURED 144A 11/26 5.375      | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $284133.60    | 0.23%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                          | SPRINT CORP COMPANY GUAR 06/24 7.125                            | CUSIP: 85207UAH8<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2195498.30   | 1.76%             | 2024-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc.                                          | CAESARS ENTERTAINMENT INC SR SECURED 144A 02/30 7               | CUSIP: 12769GAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $559625.00    | 0.45%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Cars.com Inc.                                                       | CARS.COM INC COMPANY GUAR 144A 11/28 6.375                      | CUSIP: 14575EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $695265.00    | 0.56%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DaVita Inc.                                                         | DAVITA INC COMPANY GUAR 144A 02/31 3.75                         | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    440000 | PA      | $342100.00    | 0.27%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| News Corporation                                                    | NEWS CORP COMPANY GUAR 144A 02/32 5.125                         | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |    625000 | PA      | $588437.50    | 0.47%             | 2032-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                                       | VISTRA OPERATIONS CO LLC SR UNSECURED 144A 02/27 5.625          | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $965731.81    | 0.77%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Edgewell Personal Care Company                                      | EDGEWELL PERSONAL CARE CO COMPANY GUAR 144A 06/28 5.5           | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    950000 | PA      | $899659.50    | 0.72%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kontoor Brands Inc.                                                 | KONTOOR BRANDS INC COMPANY GUAR 144A 11/29 4.125                | CUSIP: 50050NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $622778.40    | 0.50%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Novelis Corporation                                                 | NOVELIS CORP COMPANY GUAR 144A 01/30 4.75                       | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    810000 | PA      | $733050.00    | 0.59%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo and Company                                             | WELLS FARGO and CO JR SUBORDINA 12/49 VAR                       | CUSIP: 949746RN3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1557488.00   | 1.25%             | 2025-06-15      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                          | AMERICAN TOWER CORP SR UNSECURED 08/29 3.8                      | CUSIP: 03027XAW0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    690000 | PA      | $644867.01    | 0.52%             | 2029-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Braskem Idesa S.A.P.I.                                              | BRASKEM IDESA SAPI SR SECURED 144A 02/32 6.99                   | CUSIP: 10554NAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    440000 | PA      | $325864.00    | 0.26%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| SOLD MXN/BOUGHT USD                                                 | SOLD MXN/BOUGHT USD                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | MX        |         1 | NC      | $-48767.80    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Nordstrom Inc.                                                      | NORDSTROM INC SR UNSECURED 08/31 4.25                           | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    500000 | PA      | $375455.00    | 0.30%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Watco Finance Corp.                                                 | WATCO COS LLC / WATCO FINANCE SR UNSECURED 144A 06/27 6.5       | CUSIP: 941130AB2<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |    164000 | PA      | $154835.68    | 0.12%             | 2027-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Cimpress Public Limited Company                                     | CIMPRESS PLC COMPANY GUAR 144A 06/26 7                          | CUSIP: 17186HAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1020000 | PA      | $708180.03    | 0.57%             | 2026-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Fortress Energy Inc.                                            | NEW FORTRESS ENERGY INC SR SECURED 144A 09/26 6.5               | CUSIP: 644393AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $920159.87    | 0.74%             | 2026-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| World Acceptance Corporation                                        | WORLD ACCEPTANCE CORP COMPANY GUAR 144A 11/26 7                 | CUSIP: 981419AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    737000 | PA      | $569332.50    | 0.46%             | 2026-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Xerox Corporation                                                   | XEROX CORP SR UNSECURED 12/39 6.75                              | CUSIP: 984121CB7<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    450000 | PA      | $351044.23    | 0.28%             | 2039-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                                         | BNP PARIBAS SA JR SUBORDINA 144A 12/99 VAR                      | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $434400.00    | 0.35%             | 2027-11-17      | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| QVC Inc.                                                            | QVC INC SR SECURED 09/28 4.375                                  | CUSIP: 747262AZ6<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    107000 | PA      | $69012.59     | 0.06%             | 2028-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Qorvo Inc.                                                          | QORVO INC COMPANY GUAR 144A 04/31 3.375                         | CUSIP: 74736KAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1157786.00   | 0.93%             | 2031-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO LLC / RADIATE F SR UNSECURED 144A 09/28 6.5          | RADIATE HOLDCO LLC / RADIATE F SR UNSECURED 144A 09/28 6.5      | CUSIP: 75026JAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1555000 | PA      | $810139.45    | 0.65%             | 2028-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP LLC / REALOGY CO COMPANY GUAR 144A 01/29 5.75         | REALOGY GROUP LLC / REALOGY CO COMPANY GUAR 144A 01/29 5.75     | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    690000 | PA      | $536502.60    | 0.43%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YUM! Brands Inc.                                                    | YUM! BRANDS INC SR UNSECURED 04/32 5.375                        | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    700000 | PA      | $664146.00    | 0.53%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                       | ENBRIDGE INC JR SUBORDINA 01/83 VAR                             | CUSIP: 29250NBP9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1055000 | PA      | $1087684.91   | 0.87%             | 2083-01-15      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| Global Aviation Holdings Inc.                                       | GLOBAL AVIATION HOLDINGS INC. 2ND LIEN TERM LOAN                | CUSIP: 37953DAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     51038 | PA      | $0.00         | 0.00%             | 2021-07-13      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Global Infrastructure Solutions Inc.                                | GLOBAL INFRASTRUCTURE SOLUTION COMPANY GUAR 144A 06/29 5.625    | CUSIP: 37960XAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $533000.00    | 0.43%             | 2029-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| The Goodyear Tire and Rubber Company                                | GOODYEAR TIRE and RUBBER CO/THE COMPANY GUAR 04/31 5.25         | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    650000 | PA      | $556091.31    | 0.45%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP / Targa Resources Partners Finance Corp | TARGA RESOURCES PARTNERS LP / COMPANY GUAR 03/30 5.5            | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $751226.64    | 0.60%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Open Text Corporation                                               | OPEN TEXT CORP SR SECURED 144A 12/27 6.9                        | CUSIP: 683715AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    616000 | PA      | $630630.00    | 0.50%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ORGANON and CO / ORGANON FOREIGN SR SECURED 144A 04/28 4.125        | ORGANON FINANCE 1 LLC SR SECURED 144A 04/28 4.125               | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $678337.50    | 0.54%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc.                                                     | SABRE GLBL INC SR SECURED 144A 04/25 9.25                       | CUSIP: 78573NAC6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025955.00   | 0.82%             | 2025-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                      | CHARLES SCHWAB CORP 12/99 1                                     | CUSIP: 808513CB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $511450.00    | 0.41%             | 2027-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Seagate HDD Cayman                                                  | SEAGATE HDD CAYMAN COMPANY GUAR 12/34 5.75                      | CUSIP: 81180WAN1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1500000 | PA      | $1376250.00   | 1.10%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Avation PLC                                                         | AVATION PLC -CW26                                               | CUSIP: BNK936902<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     12775 | NS      | $6142.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                                               | AECOM COMPANY GUAR 03/27 5.125                                  | CUSIP: 00774CAB3<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    900000 | PA      | $884340.00    | 0.71%             | 2027-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                 | ALLY FINANCIAL INC SR UNSECURED 05/25 5.8                       | CUSIP: 02005NBJ8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2022565.32   | 1.62%             | 2025-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| LSC Communications Inc.                                             | ESC GCB144A LSC COMMUN 20231015 00008.7500000000                | CUSIP: N/A<br>LEI: 5493000O7BCKOMYMHF87       | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1323.00      | 0.00%             | 2023-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lamb Weston Holdings Inc.                                           | LAMB WESTON HOLDINGS INC COMPANY GUAR 144A 01/30 4.125          | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    647000 | PA      | $583108.75    | 0.47%             | 2030-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| The PNC Financial Services Group Inc.                               | PNC FINANCIAL SERVICES GROUP I JR SUBORDINA 12/99 VAR           | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1358038.50   | 1.09%             | 2027-05-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS COMPANY GUAR 11/26 7.47                         | PETROLEOS MEXICANOS COMPANY GUAR 11/26 7.47                     | CUSIP: BV9GKMII8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |  31356000 | PA      | $1439997.25   | 1.15%             | 2026-11-12      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| Cinemark USA Inc.                                                   | CINEMARK USA INC SR SECURED 144A 05/25 8.75                     | CUSIP: 172441BC0<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    950000 | PA      | $967530.44    | 0.77%             | 2025-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Lithia Motors Inc.                                                  | LITHIA MOTORS INC SR UNSECURED 144A 06/29 3.875                 | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    550000 | PA      | $467324.00    | 0.37%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Longfellow Place CLO Ltd.                                           | LONGFELLOW PLACE CLO LTD LONGF 2013 1A AR3 144A                 | CUSIP: 54303PAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    172256 | PA      | $171638.10    | 0.14%             | 2029-04-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| MEG Energy Corp.                                                    | MEG ENERGY CORP COMPANY GUAR 144A 02/29 5.875                   | CUSIP: 552704AF5<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |    237000 | PA      | $226335.00    | 0.18%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEIGHBORLY ISSUER 2023-1 NBLY 2023 1A A2 144A                       | NEIGHBORLY ISSUER 2023-1 NBLY 2023 1A A2 144A                   | CUSIP: 64016NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1025000 | PA      | $1004500.00   | 0.80%             | 2053-01-30      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corporation                                            | VERTIV GROUP CORP SR SECURED 144A 11/28 4.125                   | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    564000 | PA      | $489066.94    | 0.39%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corp         | ALLIED UNIVERSAL HOLDCO LLC / SR SECURED 144A 07/26 6.625       | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1059025.00   | 0.85%             | 2026-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Atkore Inc.                                                         | ATKORE INC SR UNSECURED 144A 06/31 4.25                         | CUSIP: 047649AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $302720.25    | 0.24%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                         | MATCH GROUP HOLDINGS II LLC SR UNSECURED 144A 10/31 3.625       | CUSIP: 57667JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $401250.00    | 0.32%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Orbia Advance Corporation S.A.B. de CV                              | MEXICHEM SAB DE CV COMPANY GUAR 144A 01/48 5.5                  | CUSIP: 59284BAG3<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |    835000 | PA      | $741446.60    | 0.59%             | 2048-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mohegan Tribal Gaming Authority                                     | MOHEGAN GAMING and ENTERTAINMENT SECURED 144A 02/26 8           | CUSIP: 608328BH2<br>LEI: 549300UB083Z2NRDHC48 | Long             | DBT              | CORP              | US        |    640000 | PA      | $608000.00    | 0.49%             | 2026-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| 1011778 B.C. Unlimited Liability Company / New Red Finance Inc.     | 1011778 BC ULC / NEW RED FINAN SECURED 144A 01/28 4.375         | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    935000 | PA      | $860394.12    | 0.69%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                          | SPRINT CORP COMPANY GUAR 09/23 7.875                            | CUSIP: 85207UAF2<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014873.00   | 0.81%             | 2023-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Antero Resources Corporation                                        | ANTERO RESOURCES CORP SR UNSECURED 144A 02/29 7.625             | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    310000 | PA      | $317006.07    | 0.25%             | 2029-02-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc.                                           | PRUDENTIAL FINANCIAL INC JR SUBORDINA 10/50 VAR                 | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1807971.25   | 1.45%             | 2050-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Natwest Group plc                                                   | ROYAL BANK OF SCOTLAND GROUP P JR SUBORDINA 12/99 VAR           | CUSIP: 780097BQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    675000 | PA      | $644625.00    | 0.52%             | 2025-12-29      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                        | ROYAL CARIBBEAN CRUISES LTD COMPANY GUAR 144A 01/29 9.25        | CUSIP: 780153BR2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    820000 | PA      | $864993.40    | 0.69%             | 2029-01-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SBL Holdings LLC                                                    | SBL HOLDINGS INC SR UNSECURED 144A 02/31 5                      | CUSIP: 78397DAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    587000 | PA      | $488200.15    | 0.39%             | 2031-02-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corporation                                              | SEALED AIR CORP SR UNSECURED 144A 02/28 6.125                   | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    260000 | PA      | $262314.00    | 0.21%             | 2028-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc.                                                | DELTA AIR LINES INC SR UNSECURED 01/26 7.375                    | CUSIP: 247361ZZ4<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    700000 | PA      | $728590.72    | 0.58%             | 2026-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Encompass Health Corporation                                        | ENCOMPASS HEALTH CORP COMPANY GUAR 02/30 4.75                   | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    600000 | PA      | $549996.00    | 0.44%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lithia Motors Inc.                                                  | LITHIA MOTORS INC COMPANY GUAR 144A 01/31 4.375                 | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    675000 | PA      | $574695.00    | 0.46%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                         | MATCH GROUP INC SR UNSECURED 144A 02/29 5.625                   | CUSIP: 57665RAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $470053.41    | 0.38%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| 1375209 BC LTD SR SECURED 144A 01/28 9                              | 1375209 BC LTD SR SECURED 144A 01/28 9                          | CUSIP: 68251PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     86000 | PA      | $85678.36     | 0.07%             | 2028-01-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                     | SBA TOWER TRUST ASSET BACKED 144A 01/28 6.599                   | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $666777.66    | 0.53%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| TK Elevator U.S. Newco Inc.                                         | VERTICAL US NEWCO INC SR SECURED 144A 07/27 5.25                | CUSIP: 92537RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $555342.00    | 0.44%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| APX Group Inc.                                                      | APX GROUP INC COMPANY GUAR 144A 07/29 5.75                      | CUSIP: 00213MAW4<br>LEI: 549300OMQVKPRU98OE64 | Long             | DBT              | CORP              | US        |    665000 | PA      | $575268.54    | 0.46%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Boise Cascade Company                                               | BOISE CASCADE CO COMPANY GUAR 144A 07/30 4.875                  | CUSIP: 09739DAD2<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | DBT              | CORP              | US        |    625000 | PA      | $562063.69    | 0.45%             | 2030-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource Inc.                                           | BUILDERS FIRSTSOURCE INC COMPANY GUAR 144A 03/30 5              | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    370000 | PA      | $344986.04    | 0.28%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC/CCO Holdings Capital Corp.                         | CCO HOLDINGS LLC / CCO HOLDING SR UNSECURED 144A 05/27 5.125    | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    645000 | PA      | $614717.25    | 0.49%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                | CARNIVAL CORP SR UNSECURED 144A 03/26 7.625                     | CUSIP: 143658BL5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    750000 | PA      | $682500.00    | 0.55%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc.                                                     | NRG ENERGY INC SR UNSECURED 144A 02/29 3.375                    | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    275000 | PA      | $227351.26    | 0.18%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc.                                                      | NORDSTROM INC SR UNSECURED 01/44 5                              | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    900000 | PA      | $607158.00    | 0.49%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Block Inc.                                                          | BLOCK INC SR UNSECURED 06/31 3.5                                | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    325000 | PA      | $271380.14    | 0.22%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arches Buyer Inc.                                                   | ARCHES BUYER INC SR UNSECURED 144A 12/28 6.125                  | CUSIP: 039524AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    777000 | PA      | $654436.02    | 0.52%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| U.S. Renal Care Inc.                                                | BCPE CYCLE MERGER SUB II INC SR UNSECURED 144A 07/27 10.625     | CUSIP: 07335BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $325000.00    | 0.26%             | 2027-07-15      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| General Motors Company                                              | GENERAL MOTORS CO SR UNSECURED 04/46 6.75                       | CUSIP: 37045VAL4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1559874.18   | 1.25%             | 2046-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co. Ltd.                                               | NISSAN MOTOR CO LTD SR UNSECURED 144A 09/27 4.345               | CUSIP: 654744AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $941429.80    | 0.75%             | 2027-09-17      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust Inc.                                        | STARWOOD PROPERTY TRUST INC SR UNSECURED 144A 11/23 5.5         | CUSIP: 85571BAS4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496872.35    | 0.40%             | 2023-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                          | AADVANTAGE LOYALTY IP LTD 2021 TERM LOAN                        | CUSIP: 02376CBJ3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   1000000 | PA      | $1026090.00   | 0.82%             | 2028-04-20      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                | CARNIVAL CORP SR UNSECURED 144A 05/29 6                         | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    673000 | PA      | $531670.00    | 0.43%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                  | ENERGY TRANSFER LP JR SUBORDINA 12/99 VAR                       | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1173847.50   | 0.94%             | 2030-05-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                                    | GARDA WORLD SECURITY CORP SR SECURED 144A 02/27 4.625           | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $682582.50    | 0.55%             | 2027-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc.                               | GENERAL MOTORS FINANCIAL CO IN JR SUBORDINA 12/99 VAR           | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $925000.00    | 0.74%             | 2030-09-30      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Global Aviation Holdings Inc.                                       | GLOBAL AVIATION HLDGS INC COMMON STOCK                          | CUSIP: 37953C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82159 | NS      | $0.08         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Global Aviation Holdings Inc.                                       | GLOBAL AVIATION HOLDINGS INC. 3RD LIEN TERM LOAN                | CUSIP: 37953DAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    514063 | PA      | $0.01         | 0.00%             | 2022-03-13      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Odebrecht Oil and Gas Finance Limited                               | ODEBRECHT OIL and GAS FINANCE LT COMPANY GUAR 144A 12/99 0.0000 | CUSIP: 67576JAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |    100959 | PA      | $37.86        | 0.00%             | 2023-03-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| The Oil and Gas Holding Company B.S.C                               | OIL AND GAS HOLDING CO BSCC/TH SR UNSECURED 144A 10/27 7.5      | CUSIP: 67778M2A7<br>LEI: N/A                  | Long             | DBT              | CORP              | BH        |   1155000 | PA      | $1199212.44   | 0.96%             | 2027-10-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| J.B. Poindexter and Co. Inc.                                        | JB POINDEXTER and CO INC SR UNSECURED 144A 04/26 7.125          | CUSIP: 730481AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $617187.50    | 0.49%             | 2026-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Townsquare Media Inc.                                               | TOWNSQUARE MEDIA INC SR SECURED 144A 02/26 6.875                | CUSIP: 892231AB7<br>LEI: 549300XBA8C68H0DR538 | Long             | DBT              | CORP              | US        |    470000 | PA      | $439680.09    | 0.35%             | 2026-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Travel + Leisure Co.                                                | WYNDHAM DESTINATIONS INC SR SECURED 144A 03/30 4.625            | CUSIP: 98310WAQ1<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    639000 | PA      | $543364.68    | 0.43%             | 2030-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Avation Capital S.A.                                                | AVATION CAPITAL SA COMPANY GUAR 144A 05/21 6.5                  | CUSIP: 05351CAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    750961 | PA      | $642071.66    | 0.51%             | 2026-10-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Beacon Roofing Supply Inc.                                          | BEACON ROOFING SUPPLY INC SR UNSECURED 144A 05/29 4.125         | CUSIP: 073685AH2<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    980000 | PA      | $844840.36    | 0.68%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CDW LLC / CDW FINANCE CORP COMPANY GUAR 02/29 3.25                  | CDW LLC / CDW FINANCE CORP COMPANY GUAR 02/29 3.25              | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $433101.86    | 0.35%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CSI COMPRESSCO LP / CSI COMPRE SR SECURED 144A 04/25 7.5            | CSI COMPRESSCO LP / CSI COMPRE SR SECURED 144A 04/25 7.5        | CUSIP: 12652HAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $469509.94    | 0.38%             | 2025-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CSI COMPRESSCO LP / CSI COMPRE SR SECURED 144A 04/25 7.5            | CSI COMPRESSCO LP / CSI COMPRE SR SECURED 144A 04/25 7.5        | CUSIP: 12652HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $356827.55    | 0.29%             | 2025-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Enova International Inc.                                            | ENOVA INTERNATIONAL INC COMPANY GUAR 144A 09/25 8.5             | CUSIP: 29357KAF0<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1141500.00   | 0.91%             | 2025-09-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GCI LLC                                                             | GCI LLC SR UNSECURED 144A 10/28 4.75                            | CUSIP: 36166TAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $722042.80    | 0.58%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. / GLP Financing II Inc.                            | GLP CAPITAL LP / GLP FINANCING COMPANY GUAR 04/26 5.375         | CUSIP: 361841AH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    815000 | PA      | $814168.70    | 0.65%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies Inc.                                     | GE HEALTHCARE HOLDING LLC COMPANY GUAR 144A 03/30 5.857         | CUSIP: 36267VAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $551852.94    | 0.44%             | 2030-03-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| MVW 2022-1 LLC MVWOT 2022 1A D 144A                                 | MVW 2022-1 LLC MVWOT 2022 1A D 144A                             | CUSIP: 55400UAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    896548 | PA      | $866518.52    | 0.69%             | 2039-11-21      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Williams Scotsman International Inc.                                | PICASSO FINANCE SUB INC SR SECURED 144A 06/25 6.125             | CUSIP: 71953LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $427091.00    | 0.34%             | 2025-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                  | POST HOLDINGS INC COMPANY GUAR 144A 01/28 5.625                 | CUSIP: 737446AN4<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    510000 | PA      | $490875.00    | 0.39%             | 2028-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DISH Network Corporation                                            | DISH NETWORK CORP SR SECURED 144A 11/27 11.75                   | CUSIP: 25470MAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $852144.00    | 0.68%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Diversified Healthcare Trust                                        | DIVERSIFIED HEALTHCARE TRUST COMPANY GUAR 06/25 9.75            | CUSIP: 25525PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $604871.58    | 0.48%             | 2025-06-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                 | GRAPHIC PACKAGING INTERNATIONA COMPANY GUAR 144A 02/30 3.75     | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    850000 | PA      | $736111.70    | 0.59%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Grupo Televisa S.A.B.                                               | GRUPO TELEVISA SAB SR UNSECURED 01/26 4.625                     | CUSIP: 40049JBB2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    725000 | PA      | $716359.25    | 0.57%             | 2026-01-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NCR Corporation                                                     | NCR CORP COMPANY GUAR 144A 10/30 5.25                           | CUSIP: 62886EAZ1<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    535000 | PA      | $462703.30    | 0.37%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CARNIVAL HOLDINGS BERMUDA LTD COMPANY GUAR 144A 05/28 10.375        | CARNIVAL HOLDINGS BERMUDA LTD COMPANY GUAR 144A 05/28 10.375    | CUSIP: 14366RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    615000 | PA      | $664200.00    | 0.53%             | 2028-05-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| EQM Midstream Partners LP                                           | EQM MIDSTREAM PARTNERS LP SR UNSECURED 144A 06/30 7.5           | CUSIP: 26885BAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    531000 | PA      | $530336.25    | 0.42%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust 2007-3                               | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2007 3 ES 144A             | CUSIP: 41164UAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1686968 | PA      | $17677.90     | 0.01%             | 2047-05-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NCR Corporation                                                     | NCR CORP COMPANY GUAR 144A 04/29 5.125                          | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    265000 | PA      | $230829.37    | 0.18%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc.                                                     | NRG ENERGY INC COMPANY GUAR 01/27 6.625                         | CUSIP: 629377CC4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    336000 | PA      | $334466.68    | 0.27%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Sunoco LP and Sunoco Finance Corp.                                  | SUNOCO LP / SUNOCO FINANCE COR COMPANY GUAR 04/30 4.5           | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    374000 | PA      | $333177.90    | 0.27%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Talos Production Inc.                                               | TALOS PRODUCTION INC SECURED 01/26 12                           | CUSIP: 87485LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $699600.00    | 0.56%             | 2026-01-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Algonquin Power and Utilities Corp.                                 | ALGONQUIN POWER + UTILITIES CO COMMON STOCK UNIT                | CUSIP: 015857873<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |     10000 | NS      | $270500.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CSI COMPRESSCO LP / CSI COMPRE SECURED 144A 04/26 10                | CSI COMPRESSCO LP / CSI COMPRE SECURED 144A 04/26 10            | CUSIP: 12652HAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1236699 | PA      | $1047805.59   | 0.84%             | 2026-04-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                                | CREDIT AGRICOLE SA JR SUBORDINA 144A 12/49 VAR                  | CUSIP: 225313AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   1495000 | PA      | $1540941.35   | 1.23%             | 2025-12-23      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                               | UBER TECHNOLOGIES INC COMPANY GUAR 144A 11/26 8                 | CUSIP: 90353TAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1381914.00   | 1.11%             | 2026-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                        | BAUSCH HEALTH COMPANIES INC 2022 TERM LOAN B                    | CUSIP: C9413PBD4<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | LON              | CORP              | US        |   1462492 | PA      | $1121672.57   | 0.90%             | 2027-02-01      | Floating      | 9.83%                 | No            |                  2 | On Loan: No      |
| Ascent Resources Utica Holdings LLC                                 | ASCENT RESOURCES UTICA 2020 FIXED 2ND LIEN TL                   | CUSIP: U04354AE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    405000 | PA      | $429300.00    | 0.34%             | 2025-11-01      | Floating      | 13.81%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** John Hancock Investors Trust

**Signature:** /s/Salvatore Schiavone

**Name of Signer:** Salvatore Schiavone

**Title:** Treasurer