# EDGAR Filing Document

**Accession Number:** 0001109441
**File Stem:** 0001752724-23-067929
**Filing Date:** 2023-3
**Character Count:** 132185
**Document Hash:** 7c8e9656010fea4b6ad7250cef71f155
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067929.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067929

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Floating Rate Master Trust
- **CENTRAL INDEX KEY:** 0001109441
- **IRS NUMBER:** 943356217
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09869
- **FILM NUMBER:** 23764122

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN FLOATING RATE MASTER TRUST
- **DATE OF NAME CHANGE:** 20000316

## Series and Classes Contracts Data

### FRANKLIN FLOATING RATE MASTER SERIES (Series ID: S000007441)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000020415 | Class A      | XFFLX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Floating Rate Master Trust

- **b. Investment Company Act file number:** 811-09869

- **c. CIK number of Registrant:** 0001109441

- **d. LEI of Registrant:** 549300W87VC8PPTC1L66

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Floating Rate Master Series

- **b. EDGAR series identifier (if any):** S000007441

- **c. LEI of Series:** NP14B7B8WUT9K3HJC885

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

- **a. Date of fiscal year-end:** 2023-07-31

- **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:** $494092479.54

**Total Liabilities:** $18325860.32

**Net Assets:** $475766619.22

**Delayed Delivery Securities:** $7277670.96

**Cash Not Reported:** $8929715.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -115.31000000 | **5-Year:** -1364.99000000 | **10-Year:** -39.33000000 | **30-Year:** 0.00000000

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

- **3-Month:** -306.87000000 | **1-Year:** -19189.57000000 | **5-Year:** -119205.55000000 | **10-Year:** -11752.72000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020415 | 1.86%                | 0.08%                | 2.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2168121.48             | $8272059.00                                |
| Month 2  | $-1516922.83             | $-1696982.06                               |
| Month 3  | $-3054647.65             | $13256121.32                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Radiology Partners, Inc.                                                     | Radiology Partners, Inc., First Lien Term Loan B                                                | CUSIP: 75041EAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2002299 | PA      | $1739917.61   | 0.37%             | 2025-07-09      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                                    | UKG, Inc., First Lien Term Loan                                                                 | CUSIP: 90385KAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1621805 | PA      | $1608522.39   | 0.34%             | 2026-05-04      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| McAfee Corp.                                                                 | McAfee Corp., Term Loan B-1                                                                     | CUSIP: 57906HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2753101 | PA      | $2605562.13   | 0.55%             | 2029-03-01      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Organon & Co.                                                                | Organon & Co., Term Loan                                                                        | CUSIP: 68621XAE3<br>LEI: 549300AMCKY57OK2CO56 | Long             | LON              | CORP              | US        |   2062923 | PA      | $2063562.86   | 0.43%             | 2028-06-02      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| MKS Instruments, Inc.                                                        | MKS Instruments, Inc., Term Loan B                                                              | CUSIP: 55314NAS3<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |    498750 | PA      | $498971.94    | 0.10%             | 2029-08-17      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Kenan Advantage Group, Inc. (The)                                            | Kenan Advantage Group, Inc. (The), Term Loan B-1                                                | CUSIP: 48853UBE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2941295 | PA      | $2914941.33   | 0.61%             | 2026-03-24      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC, Second Lien Term Loan B-4                                                          | CUSIP: 04649VBA7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2248036 | PA      | $1891171.24   | 0.40%             | 2029-01-20      | Variable      | 9.82%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                                                     | Virgin Media Bristol LLC, Term Loan                                                             | CUSIP: G9368PBE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1788848 | PA      | $1792622.76   | 0.38%             | 2029-01-31      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Sitel Group                                                                  | Sitel Group, Term Loan                                                                          | CUSIP: 82981MAC6<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1504126 | PA      | $1506321.92   | 0.32%             | 2028-08-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                                     | Amentum Government Services Holdings LLC, First Lien Term Loan                                  | CUSIP: 57776DAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4753177 | PA      | $4696733.49   | 0.99%             | 2029-02-15      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Primary Products Finance LLC                                                 | Primary Products Finance LLC, Term Loan B                                                       | CUSIP: 74167NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    686207 | PA      | $682285.22    | 0.14%             | 2029-04-01      | Variable      | 8.74%                 | No            |                  2 | On Loan: No      |
| Aptean Acquiror, Inc.                                                        | Aptean Acquiror, Inc., First Lien Term Loan                                                     | CUSIP: 03834WAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1294115 | PA      | $1241076.15   | 0.26%             | 2026-04-23      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| Russell Investments US Institutional Holdco, Inc.                            | Russell Investments US Institutional Holdco, Inc., Term Loan                                    | CUSIP: 78249LAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    941523 | PA      | $924853.22    | 0.19%             | 2025-05-30      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                                             | Altice France SA, Term Loan 13                                                                  | CUSIP: F6628DAM6<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |         0 | PA      | $0.01         | 0.00%             | 2026-08-14      | Variable      | 8.65%                 | No            |                  2 | On Loan: No      |
| WW International, Inc.                                                       | WW International, Inc.                                                                          | CUSIP: 98262PAA9<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $640797.36    | 0.13%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                                    | UKG, Inc., Second Lien Term Loan                                                                | CUSIP: 90385KAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1182315 | PA      | $1136707.30   | 0.24%             | 2027-05-03      | Variable      | 10.03%                | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                                                        | Gray Television, Inc., Term Loan B2                                                             | CUSIP: 389376AX2<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    493291 | PA      | $493969.36    | 0.10%             | 2024-02-07      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| Pre-Paid Legal Services, Inc.                                                | Pre-Paid Legal Services, Inc., First Lien Term Loan                                             | CUSIP: 74006LAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    571118 | PA      | $562765.89    | 0.12%             | 2028-12-15      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Caesars Resort Collection LLC                                                | Caesars Resort Collection LLC, Term Loan B1                                                     | CUSIP: 12769LAD1<br>LEI: 549300V3UCT773B1KR38 | Long             | LON              | CORP              | US        |    757894 | PA      | $758803.81    | 0.16%             | 2025-07-21      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| FR Franklin LLC                                                              | Franklin Floating Rate Income Fund                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | RF                | US        |    461717 | NS      | $3592154.63   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                                        | Jane Street Group LLC, Term Loan                                                                | CUSIP: 47077DAG5<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   1322987 | PA      | $1320612.35   | 0.28%             | 2028-01-26      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Grifols Worldwide Operations Ltd.                                            | Grifols Worldwide Operations Ltd., Term Loan B                                                  | CUSIP: 39843PAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    800000 | PA      | $786944.00    | 0.17%             | 2027-11-15      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                                                                | Peraton Corp., Term Loan B                                                                      | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |   4719433 | PA      | $4702914.93   | 0.99%             | 2028-02-01      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Millennium Laboratories Ltd.                                                 | Millennium Corporate Claim Trust, Escrow Account                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IN        |   6589709 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PECF USS Intermediate Holding III Corp.                                      | PECF USS Intermediate Holding III Corp., Term Loan                                              | CUSIP: 69291LAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2120394 | PA      | $1822616.35   | 0.38%             | 2028-12-15      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Cornerstone OnDemand, Inc.                                                   | Cornerstone OnDemand, Inc., First Lien Term Loan                                                | CUSIP: 86803YAB9<br>LEI: 549300Z402F16H5EGH48 | Long             | LON              | CORP              | US        |    892445 | PA      | $824395.89    | 0.17%             | 2028-10-16      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Kestrel Bidco, Inc.                                                          | Kestrel Bidco, Inc., Term Loan                                                                  | CUSIP: C4927UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   4667596 | PA      | $4495781.67   | 0.94%             | 2026-12-11      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| FINThrive Software Intermediate Holdings, Inc.                               | FINThrive Software Intermediate Holdings, Inc., Second Lien Term Loan                           | CUSIP: 58404KAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    357038 | PA      | $252940.28    | 0.05%             | 2029-12-17      | Variable      | 11.32%                | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                                   | ADMI Corp., Term Loan                                                                           | CUSIP: 00709LAH0<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   1937724 | PA      | $1790941.09   | 0.38%             | 2027-12-23      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| Franklin Senior Loan ETF                                                     | Franklin Senior Loan ETF                                                                        | CUSIP: 35473P595<br>LEI: 549300I3TND36ZL4CK30 | Long             |  | RF                | US        |    393148 | NS      | $9409997.38   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Purchaser, Inc.                                                        | Atlas Purchaser, Inc., First Lien Term Loan                                                     | CUSIP: 04939JAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    632528 | PA      | $475977.18    | 0.10%             | 2028-05-08      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| eResearchTechnology, Inc.                                                    | eResearchTechnology, Inc., First Lien Term Loan                                                 | CUSIP: 29481PAH4<br>LEI: 2549003SUFVGC903CK03 | Long             | LON              | CORP              | US        |   1070688 | PA      | $1005295.54   | 0.21%             | 2027-02-04      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                                        | AssuredPartners, Inc., Term Loan                                                                | CUSIP: 04621HAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1290250 | PA      | $1277953.92   | 0.27%             | 2027-02-12      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp.                                                       | Playtika Holding Corp., Term Loan B-1                                                           | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |   1736742 | PA      | $1724307.32   | 0.36%             | 2028-03-13      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                                                       | TK Elevator Midco GmbH, Term Loan B1                                                            | CUSIP: D9000BAD4<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   1608611 | PA      | $1582695.99   | 0.33%             | 2027-07-30      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| Mitchell International, Inc.                                                 | Mitchell International, Inc., First Lien Term Loan                                              | CUSIP: 60662WAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2177238 | PA      | $2084368.09   | 0.44%             | 2028-10-15      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                               | Univision Communications, Inc., First Lien Term Loan                                            | CUSIP: 914908BB3<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   1788484 | PA      | $1762935.64   | 0.37%             | 2029-01-31      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC, Second Lien Term Loan B-3                                                          | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   2652263 | PA      | $2225911.92   | 0.47%             | 2028-01-31      | Variable      | 9.82%                 | No            |                  2 | On Loan: No      |
| Phoenix Newco, Inc.                                                          | Phoenix Newco, Inc., First Lien Term Loan                                                       | CUSIP: 71911KAC8<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |   2495517 | PA      | $2478784.41   | 0.52%             | 2028-11-15      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                                    | Zayo Group Holdings, Inc., Term Loan                                                            | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    623553 | PA      | $525467.80    | 0.11%             | 2027-03-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                               | Cloudera, Inc., First Lien Term Loan                                                            | CUSIP: 74339VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2521200 | PA      | $2430525.03   | 0.51%             | 2028-10-08      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Hyland Software, Inc.                                                        | Hyland Software, Inc., First Lien Term Loan                                                     | CUSIP: 44908XAT5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3915760 | PA      | $3911981.79   | 0.82%             | 2024-07-01      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Co., LLC / GD Finance Co, Inc.                            | Go Daddy Operating Co., LLC / GD Finance Co, Inc., Term Loan                                    | CUSIP: 38017BAT3<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |    269841 | PA      | $271191.83    | 0.06%             | 2029-11-09      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                                            | Polaris Newco LLC, First Lien Term Loan                                                         | CUSIP: 73108RAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1890713 | PA      | $1799429.76   | 0.38%             | 2028-06-02      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                                     | Energizer Holdings, Inc., Term Loan                                                             | CUSIP: 29267YAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    662371 | PA      | $661956.81    | 0.14%             | 2027-12-22      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                 | MPH Acquisition Holdings LLC, Term Loan                                                         | CUSIP: 55328HAK7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |   1927605 | PA      | $1739056.28   | 0.37%             | 2028-09-01      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                                                   | Avis Budget Car Rental LLC, Term Loan C                                                         | CUSIP: 05377JAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1389500 | PA      | $1390660.23   | 0.29%             | 2029-03-16      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| Aveanna Healthcare LLC                                                       | Aveanna Healthcare LLC, First Lien Term Loan                                                    | CUSIP: 05549DAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2267691 | PA      | $1865175.83   | 0.39%             | 2028-07-17      | Variable      | 8.14%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings, Inc.                                             | Medical Solutions Holdings, Inc., First Lien Term Loan                                          | CUSIP: 58462QAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2877824 | PA      | $2788914.05   | 0.59%             | 2028-11-01      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Tiger Acquisition LLC                                                        | Tiger Acquisition LLC, First Lien Term Loan                                                     | CUSIP: 88675UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2038688 | PA      | $1985335.88   | 0.42%             | 2028-06-01      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield U.S. Borrower LLC                                        | Cushman & Wakefield U.S. Borrower LLC, Term Loan                                                | CUSIP: 23340DAP7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1031439 | PA      | $1028953.59   | 0.22%             | 2025-08-21      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Onsite Rental Group Operations Pty. Ltd.                                     | Onsite Rental Group Operations Pty. Ltd.                                                        | CUSIP: N/A<br>LEI: 5493008YQUVFPVW2VW35       | Long             | EC               | CORP              | AU        |   5879078 | NS      | $912942.63    | 0.19%             |  |  |  | No            |                  3 | On Loan: No      |
| AMC Entertainment Holdings, Inc./ AMC Entertainment, Inc.                    | AMC Entertainment Holdings, Inc./ AMC Entertainment, Inc., Term Loan B1                         | CUSIP: 00164DAQ6<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |    638393 | PA      | $379728.85    | 0.08%             | 2026-04-22      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                               | Cloudera, Inc., Second Lien Term Loan                                                           | CUSIP: 74339VAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    918595 | PA      | $810660.12    | 0.17%             | 2029-10-08      | Variable      | 10.57%                | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                               | Univision Communications, Inc., First Lien Term Loan                                            | CUSIP: 914908BC1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   1036710 | PA      | $1027711.05   | 0.22%             | 2026-03-15      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corp. / Eagle Parent, Inc.                                   | Epicor Software Corp. / Eagle Parent Inc., Term Loan C                                          | CUSIP: 29426NAN4<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   3439505 | PA      | $3384112.18   | 0.71%             | 2027-07-30      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Penn National Gaming, Inc.                                                   | Penn National Gaming, Inc., Term Loan B                                                         | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1364648 | PA      | $1365405.25   | 0.29%             | 2029-05-03      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| Onsite Rental Group Operations Pty. Ltd.                                     | Onsite Rental Group Operations Pty. Ltd.                                                        | CUSIP: N/A<br>LEI: 5493008YQUVFPVW2VW35       | Long             | DBT              | CORP              | AU        |  10725759 | PA      | $11527399.55  | 2.42%             | 2023-10-26      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| ASP Unifrax Holdings, Inc.                                                   | ASP Unifrax Holdings, Inc.                                                                      | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    645200 | PA      | $553568.27    | 0.12%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Icon Public Ltd. Co.                                                         | Icon Public Ltd. Co., Term Loan                                                                 | CUSIP: L5000DAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    429900 | PA      | $430439.65    | 0.09%             | 2028-07-03      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                                     | Bausch Health Cos., Inc., Second Lien Term Loan                                                 | CUSIP: C9413PBD4<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | LON              | CORP              | CA        |    631358 | PA      | $488624.04    | 0.10%             | 2027-02-01      | Variable      | 9.83%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC                                          | Hilton Grand Vacations Borrower LLC, Term Loan                                                  | CUSIP: 43283LAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3103165 | PA      | $3108425.03   | 0.65%             | 2028-08-02      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                                        | Citadel Securities LP, Term Loan                                                                | CUSIP: 17288YAD4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |   1773462 | PA      | $1771404.89   | 0.37%             | 2028-02-02      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Co., Inc.                                          | Petco Health and Wellness Co., Inc., First Lien Term Loan                                       | CUSIP: 71601HAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2080341 | PA      | $2062252.62   | 0.43%             | 2028-03-03      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| Millennium Ltd.                                                              | Millennium Lender Claim Trust, Escrow Account                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   6589709 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vmed O2 UK Financing I plc                                                   | Vmed O2 UK Financing I plc                                                                      | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    360000 | PA      | $301089.60    | 0.06%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                                    | Michaels Cos., Inc. (The), Term Loan B                                                          | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |   1478831 | PA      | $1364687.63   | 0.29%             | 2028-04-15      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)                                   | Edelman Financial Engines Center LLC (The), First Lien Term Loan                                | CUSIP: 27943UAK2<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   1546577 | PA      | $1518259.21   | 0.32%             | 2028-04-07      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                              | Madison IAQ LLC                                                                                 | CUSIP: 55759VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2372452 | PA      | $2275454.14   | 0.48%             | 2028-06-21      | Variable      | 7.99%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                                     | SCIH Salt Holdings, Inc., First Lien Term Loan B-1                                              | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2375880 | PA      | $2332626.68   | 0.49%             | 2027-03-16      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                                     | Great Outdoors Group LLC, Term Loan B-2                                                         | CUSIP: 07014QAN1<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   1421375 | PA      | $1401476.01   | 0.29%             | 2028-03-06      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Conair Holdings LLC                                                          | Conair Holdings LLC, First Lien Term Loan                                                       | CUSIP: 20600RAB8<br>LEI: 549300804G00T34FLV17 | Long             | LON              | CORP              | US        |   3026859 | PA      | $2620397.43   | 0.55%             | 2028-05-17      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| Sunshine Luxembourg VII SARL                                                 | Sunshine Luxembourg VII SARL, Term Loan B3                                                      | CUSIP: L8908YAE8<br>LEI: 254900CHQOBZNYV4DY60 | Long             | LON              | CORP              | LU        |   4423342 | PA      | $4342616.16   | 0.91%             | 2026-10-01      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                       | First Brands Group LLC, First Lien Term Loan                                                    | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2803640 | PA      | $2757380.15   | 0.58%             | 2027-03-30      | Variable      | 8.37%                 | No            |                  2 | On Loan: No      |
| Astro One Acquisition Corp.                                                  | Astro One Acquisition Corp., First Lien Term Loan B                                             | CUSIP: 04638LAG0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2574000 | PA      | $1724580.00   | 0.36%             | 2028-09-15      | Variable      | 10.23%                | No            |                  2 | On Loan: No      |
| William Morris Endeavor Entertainment LLC / IMG Worldwide Holdings LLC       | William Morris Endeavor Entertainment LLC / IMG Worldwide Holdings LLC, First Lien Term Loan B1 | CUSIP: 96925HAF9<br>LEI: 5493008R7J9HEQ30DZ33 | Long             | LON              | CORP              | US        |    565069 | PA      | $562851.35    | 0.12%             | 2025-05-18      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                       | Mauser Packaging Solutions Holding Co., Term Loan                                               | CUSIP: 05604XAP1<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |   1487027 | PA      | $1476573.48   | 0.31%             | 2024-04-03      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen, Inc.                                                       | Pactiv Evergreen, Inc., Term Loan B3                                                            | CUSIP: 76173FAY3<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |    575940 | PA      | $574428.00    | 0.12%             | 2028-09-24      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware, Inc.                                                   | Restoration Hardware, Inc., Term Loan                                                           | CUSIP: 76133MAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    796750 | PA      | $779074.10    | 0.16%             | 2028-10-20      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                                             | Altice France SA                                                                                | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $628968.00    | 0.13%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                       | First Brands Group LLC, Term Loan                                                               | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    400000 | PA      | $386000.00    | 0.08%             | 2027-03-30      | Variable      | 10.25%                | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                                              | Whatabrands LLC, Term Loan B                                                                    | CUSIP: 96244UAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1589781 | PA      | $1576148.65   | 0.33%             | 2028-08-03      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Shearer's Foods LLC                                                          | Shearer's Foods LLC, First Lien Term Loan                                                       | CUSIP: 82087UAL1<br>LEI: 549300AQWIJSYS2CIH04 | Long             | LON              | CORP              | US        |    708208 | PA      | $696965.60    | 0.15%             | 2027-09-23      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC                                         | Prime Security Services Borrower LLC, First Lien Term Loan B-1                                  | CUSIP: 03765VAK6<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |   2815607 | PA      | $2817366.96   | 0.59%             | 2026-09-23      | Variable      | 7.52%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                                            | Alliant Holdings Intermediate, Term Loan                                                        | CUSIP: 01881UAE5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   2103909 | PA      | $2104781.80   | 0.44%             | 2025-05-09      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SASU                                                   | Banijay Entertainment SASU                                                                      | CUSIP: 060335AA4<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $483120.00    | 0.10%             | 2025-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Vision Solutions, Inc. / Precisely Software, Inc.                            | Vision Solutions, Inc. / Precisely Software, Inc., First Lien Term Loan                         | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1860185 | PA      | $1639752.68   | 0.34%             | 2028-04-24      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Woof Holdings, Inc.                                                          | Woof Holdings, Inc., First Lien Term Loan                                                       | CUSIP: 98082EAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2428944 | PA      | $2319641.09   | 0.49%             | 2027-12-21      | Variable      | 8.26%                 | No            |                  2 | On Loan: No      |
| American Trailer World Corp.                                                 | American Trailer World Corp., First Lien Term Loan                                              | CUSIP: 03028BAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3170567 | PA      | $2797153.45   | 0.59%             | 2028-03-03      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| APX Group, Inc.                                                              | APX Group, Inc., Term Loan                                                                      | CUSIP: 00213NAM4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1211988 | PA      | $1202752.93   | 0.25%             | 2028-07-10      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| KUEHG Corp. / KC MergerSub, Inc.                                             | KUEHG Corp. / KC MergerSub, Inc., Term Loan B3                                                  | CUSIP: 48244EAJ3<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |   2666136 | PA      | $2599322.30   | 0.55%             | 2025-02-21      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Securities Corp.                                                 | BNP Paribas Securities Corp.                                                                    | CUSIP: N/A<br>LEI: 2J5703FH5U5M97R1I237       | Long             | RA               | CORP              | US        |   3224817 | PA      | $3224816.53   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| 99 Escrow Issuer, Inc.                                                       | 99 Escrow Issuer, Inc.                                                                          | CUSIP: 65442QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580645 | PA      | $281381.48    | 0.06%             | 2026-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / USAGM Holdco LLC                               | Allied Universal Holdco LLC / USAGM Holdco LLC, Term Loan                                       | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   1485816 | PA      | $1434169.37   | 0.30%             | 2028-05-12      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyality IP Ltd. / American Airlines, Inc.                        | AAdvantage Loyality IP Ltd. / American Airlines, Inc., Term Loan                                | CUSIP: 02376CBJ3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   1513781 | PA      | $1556825.30   | 0.33%             | 2028-04-20      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                                           | DexKo Global, Inc., First Lien Term Loan                                                        | CUSIP: 25213YAU9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1346212 | PA      | $1248449.66   | 0.26%             | 2028-10-04      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| Learning Care Group (US) No. 2, Inc.                                         | Learning Care Group (US) No. 2, Inc., First Lien Term Loan                                      | CUSIP: 52201CAC5<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |   1423648 | PA      | $1311535.75   | 0.28%             | 2025-03-13      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| Weatherford International Ltd.                                               | Weatherford International Ltd.                                                                  | CUSIP: 947075AT4<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    241100 | PA      | $240154.89    | 0.05%             | 2028-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| athenahealth Group, Inc.                                                     | athenahealth Group, Inc., Term Loan                                                             | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   5232711 | PA      | $4973246.95   | 1.05%             | 2029-02-15      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| Global Tel*Link Corp.                                                        | Global Tel*Link Corp., First Lien Term Loan                                                     | CUSIP: 37959JAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4486281 | PA      | $3947209.46   | 0.83%             | 2025-11-29      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| CNT Holding I Corp.                                                          | CNT Holding I Corp., First Lien Term Loan                                                       | CUSIP: 12656AAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2526242 | PA      | $2499994.58   | 0.53%             | 2027-11-08      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Global Tel*Link Corp.                                                        | Global Tel*Link Corp., Second Lien Term Loan                                                    | CUSIP: 37959JAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2479737 | PA      | $1889559.54   | 0.40%             | 2026-11-29      | Variable      | 14.83%                | No            |                  2 | On Loan: No      |
| IGT Holding IV AB                                                            | IGT Holding IV AB, Term Loan B2                                                                 | CUSIP: W5000CAB3<br>LEI: N/A                  | Long             | LON              | CORP              | SE        |    506757 | PA      | $506756.60    | 0.11%             | 2028-03-31      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                         | Clear Channel Outdoor Holdings, Inc., Term Loan B                                               | CUSIP: 18452RAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1667092 | PA      | $1589989.13   | 0.33%             | 2026-08-21      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                                | Calpine Corp.                                                                                   | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1663596.36   | 0.35%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                                   | Air Canada, Term Loan                                                                           | CUSIP: C0102MAP0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   2479787 | PA      | $2486420.25   | 0.52%             | 2028-08-11      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                     | Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                                        | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1736334.00   | 0.36%             | 2026-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications, Inc. / Clear Channel Communications, Inc.              | iHeartCommunications, Inc. / Clear Channel Communications, Inc.                                 | CUSIP: 45174UAF5<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |    833333 | PA      | $822975.00    | 0.17%             | 2026-05-01      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| INEOS Styrolution Group GmbH                                                 | INEOS Styrolution Group GmbH, Term Loan                                                         | CUSIP: G4770MAH7<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   3239943 | PA      | $3239133.04   | 0.68%             | 2026-01-29      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                                        | AssuredPartners, Inc., Term Loan                                                                | CUSIP: 04621HAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2984570 | PA      | $2957827.89   | 0.62%             | 2027-02-12      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| GoTo Group, Inc.                                                             | GoTo Group, Inc., Second Lien Term Loan                                                         | CUSIP: 54142KAD3<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   2167620 | PA      | $1216576.94   | 0.26%             | 2027-08-31      | Variable      | 9.30%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                                        | UTEX Industries, Inc.                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    120386 | NS      | $7945476.00   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Parent, Inc.                                                         | Central Parent, Inc., First Lien Term Loan                                                      | CUSIP: 15477BAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    617143 | PA      | $616661.49    | 0.13%             | 2029-07-06      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Holding B.V.                                                  | Hunter Douglas Holding B.V., Term Loan B1                                                       | CUSIP: N8137FAB6<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    796000 | PA      | $734063.24    | 0.15%             | 2029-02-26      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC / Directv Financing Co-Obligor, Inc.                   | Directv Financing LLC / Directv Financing Co-Obligor, Inc.                                      | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1905288.00   | 0.40%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ivanti Software, Inc.                                                        | Ivanti Software, Inc., First Lien Term Loan                                                     | CUSIP: 46583DAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     92629 | PA      | $76824.55     | 0.02%             | 2027-12-01      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Securities Inc.                                                | Deutsche Bank Securities Inc.                                                                   | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | RA               | CORP              | US        |    389294 | PA      | $389294.27    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                                            | Cornerstone Building Brands, Inc., Term Loan B                                                  | CUSIP: 72431HAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    940687 | PA      | $883192.39    | 0.19%             | 2028-04-12      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Motion Acquisition Ltd.                                                      | Motion Acquisition Ltd., Term Loan B2                                                           | CUSIP: L6526BAE4<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    244737 | PA      | $241703.48    | 0.05%             | 2026-11-12      | Variable      | 7.98%                 | No            |                  2 | On Loan: No      |
| Ingenovis Health, Inc.                                                       | Ingenovis Health, Inc., First Lien Term Loan                                                    | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2377062 | PA      | $2311692.71   | 0.49%             | 2028-03-06      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Adient US LLC                                                                | Adient US LLC, Term Loan B1                                                                     | CUSIP: 00687MAC5<br>LEI: 213800SOTRCDGZUHL712 | Long             | LON              | CORP              | US        |   3323296 | PA      | $3319142.28   | 0.70%             | 2028-04-10      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                                                | White Cap Supply Holdings LLC, Term Loan                                                        | CUSIP: 96350TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    971636 | PA      | $965563.41    | 0.20%             | 2027-10-19      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc/AAdvantage Loyalty IP Ltd.                             | American Airlines Inc/AAdvantage Loyalty IP Ltd.                                                | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1668481.83   | 0.35%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Red Planet Borrower LLC                                                      | Red Planet Borrower LLC, Term Loan                                                              | CUSIP: 57165KAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1409151 | PA      | $937593.00    | 0.20%             | 2028-10-02      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| CPC Acquisition Corp.                                                        | CPC Acquisition Corp., First Lien Term Loan                                                     | CUSIP: 12656UAB1<br>LEI: 254900UFA4AMH3PZZW32 | Long             | LON              | CORP              | US        |   1168394 | PA      | $966846.36    | 0.20%             | 2027-12-29      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| Kleopatra Finco SARL                                                         | Kleopatra Finco SARL, Term Loan B                                                               | CUSIP: 49865NAT7<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1723803 | PA      | $1542803.30   | 0.32%             | 2026-02-12      | Variable      | 8.26%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC        | Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC                           | CUSIP: 76174LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $719120.00    | 0.15%             | 2027-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US Radiology Specialists, Inc. / US Outpatient Imaging Services, Inc.        | US Radiology Specialists, Inc. / US Outpatient Imaging Services, Inc., Term Loan                | CUSIP: 90372AAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    616568 | PA      | $590367.04    | 0.12%             | 2027-12-15      | Variable      | 9.88%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                 | Acrisure LLC, First Lien Term Loan                                                              | CUSIP: 00488PAN5<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    772826 | PA      | $747952.69    | 0.16%             | 2027-02-15      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                                              | Naked Juice LLC, First Lien Term Loan                                                           | CUSIP: 62984CAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    723200 | PA      | $668377.93    | 0.14%             | 2029-01-24      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| Highline Aftermarket Acquisition LLC                                         | Highline Aftermarket Acquisition LLC, First Lien Term Loan                                      | CUSIP: 43110HAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    231640 | PA      | $223146.69    | 0.05%             | 2027-11-09      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| 24 Hour Fitness Worldwide, Inc.                                              | 24 Hour Fitness Worldwide, Inc., Term Loan                                                      | CUSIP: 938HUZII2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8211649 | PA      | $708254.73    | 0.15%             | 2025-12-29      | Variable      | 9.73%                 | No            |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                                      | GFL Environmental, Inc.                                                                         | CUSIP: 36168QAM6<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $803781.00    | 0.17%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines, Inc. / SkyMiles IP Ltd.                                     | Delta Air Lines, Inc. / SkyMiles IP Ltd.                                                        | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1146000 | PA      | $1132640.29   | 0.24%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jazz Pharmaceuticals plc                                                     | Jazz Pharmaceuticals plc, Term Loan                                                             | CUSIP: G5080AAF9<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |   3019340 | PA      | $3019808.19   | 0.63%             | 2028-05-05      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| GNC Holdings LLC                                                             | GNC Holdings LLC, Second Lien Term Loan                                                         | CUSIP: 36260UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5342142 | PA      | $4961514.31   | 1.04%             | 2026-10-07      | Variable      | 10.35%                | No            |                  2 | On Loan: No      |
| Champ Acquisition Corp.                                                      | Champ Acquisition Corp., First Lien Term Loan                                                   | CUSIP: 15807EAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1969196 | PA      | $1970436.95   | 0.41%             | 2025-12-19      | Variable      | 10.23%                | No            |                  2 | On Loan: No      |
| Mitchell International, Inc.                                                 | Mitchell International, Inc., Second Lien Term Loan                                             | CUSIP: 60662WAU6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    142857 | PA      | $122880.00    | 0.03%             | 2029-10-15      | Variable      | 11.23%                | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                                              | LaserShip, Inc., First Lien Term Loan                                                           | CUSIP: 51809EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2737693 | PA      | $2055418.97   | 0.43%             | 2028-05-07      | Variable      | 9.23%                 | No            |                  2 | On Loan: No      |
| Hunter Holdco 3 Ltd.                                                         | Hunter Holdco 3 Ltd., First Lien Term Loan                                                      | CUSIP: 12509YAE6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1872334 | PA      | $1860631.70   | 0.39%             | 2028-08-19      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| Alloy Finco Ltd.                                                             | Alloy Finco Ltd., Term Loan B                                                                   | CUSIP: G0300CAC7<br>LEI: N/A                  | Long             | LON              | CORP              | JE        |   4462986 | PA      | $3648491.31   | 0.77%             | 2025-03-06      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                                                           | Radiate Holdco LLC, Term Loan                                                                   | CUSIP: 75025KAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2839258 | PA      | $2379482.59   | 0.50%             | 2026-09-25      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| RealTruck Group, Inc.                                                        | RealTruck Group, Inc., Term Loan                                                                | CUSIP: 89778PAG2<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |   2890270 | PA      | $2608801.48   | 0.55%             | 2028-01-31      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                       | Mauser Packaging Solutions Holding Co.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3000000 | PA      | $2977500.00   | 0.63%             | 2030-01-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| 24 Hour Fitness Worldwide, Inc.                                              | 24 Hour Fitness Worldwide, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    246320 | NS      | $3694.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hub International Ltd.                                                       | Hub International Ltd., Term Loan                                                               | CUSIP: 44332EAV8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    362069 | PA      | $362351.38    | 0.08%             | 2029-11-10      | Variable      | 8.22%                 | No            |                  2 | On Loan: No      |
| Sovos Compliance LLC                                                         | Sovos Compliance LLC, First Lien Term Loan                                                      | CUSIP: 84611YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    820694 | PA      | $793873.85    | 0.17%             | 2028-08-11      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| Triton Water Holdings, Inc.                                                  | Triton Water Holdings, Inc., First Lien Term Loan                                               | CUSIP: 89678QAB2<br>LEI: 5493005IYCEL7QJFZZ63 | Long             | LON              | CORP              | US        |   1126872 | PA      | $1075605.39   | 0.23%             | 2028-03-31      | Variable      | 8.23%                 | No            |                  2 | On Loan: No      |
| Park River Holdings, Inc.                                                    | Park River Holdings, Inc., First Lien Term Loan                                                 | CUSIP: 70082HAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1954834 | PA      | $1782974.76   | 0.37%             | 2027-12-28      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Barracuda Parent LLC                                                         | Barracuda Parent LLC, First Lien Term Loan                                                      | CUSIP: 06832FAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2063966 | PA      | $2002790.51   | 0.42%             | 2029-08-15      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                                        | AssuredPartners, Inc., Term Loan                                                                | CUSIP: 04621HAS2<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |    610883 | PA      | $604926.65    | 0.13%             | 2027-02-12      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                                    | First Student Bidco, Inc., Term Loan B                                                          | CUSIP: 33718FAD2<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   1785495 | PA      | $1690024.47   | 0.36%             | 2028-07-21      | Variable      | 7.73%                 | No            |                  2 | On Loan: No      |
| ASP Unifrax Holdings, Inc.                                                   | ASP Unifrax Holdings, Inc., First Lien Term Loan                                                | CUSIP: 00216UAC7<br>LEI: 549300RRU6BWJLD0YT71 | Long             | LON              | CORP              | US        |   1659422 | PA      | $1507136.99   | 0.32%             | 2025-12-12      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| HSBC Securities (USA) Inc.                                                   | HSBC Securities (USA) Inc.                                                                      | CUSIP: N/A<br>LEI: CYYGQCGNHMHPSMRL3R97       | Long             | RA               | CORP              | US        |   5159706 | PA      | $5159706.44   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| WW International, Inc.                                                       | WW International, Inc., Term Loan                                                               | CUSIP: 92941PAC7<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | LON              | CORP              | US        |    760362 | PA      | $456848.02    | 0.10%             | 2028-04-13      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC / Micro Holding Corp.                                           | MH Sub I LLC / Micro Holding Corp., First Lien Term Loan                                        | CUSIP: 45567YAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1203343 | PA      | $1192157.54   | 0.25%             | 2024-09-13      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| DCert Buyer, Inc.                                                            | DCert Buyer, Inc., First Lien Term Loan                                                         | CUSIP: 24022KAB5<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |   4345127 | PA      | $4301350.15   | 0.90%             | 2026-10-16      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                                        | United Airlines, Inc.                                                                           | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1107361.51   | 0.23%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Raptor Acquisition Corp.                                                     | Raptor Acquisition Corp., First Lien Term Loan B                                                | CUSIP: C4111RAE5<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |   2686478 | PA      | $2673891.45   | 0.56%             | 2026-11-01      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| Mercury Borrower, Inc.                                                       | Mercury Borrower, Inc., First Lien Term Loan                                                    | CUSIP: 03836BAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2222766 | PA      | $2158861.58   | 0.45%             | 2028-08-02      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| Thrasio LLC                                                                  | Thrasio LLC, Term Loan                                                                          | CUSIP: 88552XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    886432 | PA      | $775628.07    | 0.16%             | 2026-12-18      | Variable      | 11.17%                | No            |                  2 | On Loan: No      |
| CCI Buyer, Inc.                                                              | CCI Buyer, Inc., First Lien Term Loan                                                           | CUSIP: 12510EAC1<br>LEI: 254900TMV7DAFRQALU04 | Long             | LON              | CORP              | US        |   2299083 | PA      | $2261723.16   | 0.48%             | 2027-12-17      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                                        | AssuredPartners, Inc., Term Loan                                                                | CUSIP: 04621HAU7<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |    315000 | PA      | $315590.64    | 0.07%             | 2027-02-12      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Osmosis Buyer Ltd.                                                           | Osmosis Buyer Ltd., Term Loan B                                                                 | CUSIP: 00132UAL8<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1218990 | PA      | $1195877.85   | 0.25%             | 2028-07-31      | Variable      | 7.90%                 | No            |                  2 | On Loan: No      |
| Waystar Technologies, Inc.                                                   | Waystar Technologies, Inc., First Lien Term Loan                                                | CUSIP: 63939WAG8<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |   5349723 | PA      | $5326344.94   | 1.12%             | 2026-10-22      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Motion Acquisition Ltd.                                                      | Motion Acquisition Ltd., Term Loan B1                                                           | CUSIP: L6526BAD6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1716706 | PA      | $1695427.62   | 0.36%             | 2026-11-12      | Variable      | 7.98%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                                     | SCIH Salt Holdings, Inc.                                                                        | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $969424.50    | 0.20%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                                     | Pathway Vet Alliance LLC, First Lien Term Loan                                                  | CUSIP: 70323KAE8<br>LEI: 2549001HRKTHAW7MOH74 | Long             | LON              | CORP              | US        |   2215220 | PA      | $1859200.81   | 0.39%             | 2027-03-31      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                                        | Hexion Holdings Corp., First Lien Term Loan                                                     | CUSIP: 00217XAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2587000 | PA      | $2344468.75   | 0.49%             | 2029-03-15      | Variable      | 8.93%                 | No            |                  2 | On Loan: No      |
| Perrigo Co. plc                                                              | Perrigo Co. plc, Term Loan B                                                                    | CUSIP: 71429TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |   1223975 | PA      | $1228564.80   | 0.26%             | 2029-04-20      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment plc                                                    | Flutter Entertainment plc, Term Loan B                                                          | CUSIP: N8233BAE2<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    422670 | PA      | $423992.64    | 0.09%             | 2028-07-22      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| Cyanco Intermediate 2 Corp.                                                  | Cyanco Intermediate 2 Corp., First Lien Term Loan                                               | CUSIP: 23243FAB1<br>LEI: 5493006OSO3M1UC12172 | Long             | LON              | CORP              | US        |   2503848 | PA      | $2453770.67   | 0.52%             | 2025-03-16      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Evergreen Acqco 1 LP                                                         | Evergreen AcqCo 1 LP, Term Loan                                                                 | CUSIP: 30015FAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1504507 | PA      | $1491816.05   | 0.31%             | 2028-04-26      | Variable      | 10.34%                | No            |                  2 | On Loan: No      |
| Ineos US Finance LLC                                                         | Ineos US Finance LLC, Term Loan                                                                 | CUSIP: G4768PAL5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    520000 | PA      | $520512.20    | 0.11%             | 2027-11-08      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                                      | Phoenix Guarantor, Inc., First Lien, Term Loan, B3                                              | CUSIP: 71913BAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1602164 | PA      | $1584643.86   | 0.33%             | 2026-03-05      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc. / First Transit Parent, Inc.                       | First Student Bidco, Inc. / First Transit Parent, Inc.                                          | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $416951.80    | 0.09%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group LP                                                    | Flynn Restaurant Group LP, First Lien Term Loan                                                 | CUSIP: 34410JAF8<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |   2045812 | PA      | $1998287.91   | 0.42%             | 2028-11-22      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| USIC Holdings, Inc.                                                          | USIC Holdings, Inc., First Lien Term Loan                                                       | CUSIP: 90290HAP7<br>LEI: 5493009ZYUWB7X699U62 | Long             | LON              | CORP              | US        |   1836375 | PA      | $1788748.63   | 0.38%             | 2028-05-12      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| PetSmart LLC                                                                 | PetSmart LLC, Term Loan                                                                         | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2481305 | PA      | $2467868.73   | 0.52%             | 2028-02-11      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                  | Caesars Entertainment, Inc., Term Loan                                                          | CUSIP: 12768EAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1245256 | PA      | $1245703.80   | 0.26%             | 2030-01-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                      | American Airlines, Inc., Term Loan                                                              | CUSIP: 02376CBB0<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |   3116653 | PA      | $3061690.48   | 0.64%             | 2025-06-27      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Charter Next Generation, Inc.                                                | Charter Next Generation, Inc., First Lien Term Loan                                             | CUSIP: 16125TAJ1<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |   1910231 | PA      | $1902208.47   | 0.40%             | 2027-12-01      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Scientific Games Holdings LP                                                 | Scientific Games Holdings LP, First Lien Term Loan                                              | CUSIP: 80875CAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3494557 | PA      | $3443134.23   | 0.72%             | 2029-04-04      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                                   | ADMI Corp., Term Loan                                                                           | CUSIP: 00709LAJ6<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |    382847 | PA      | $354770.62    | 0.07%             | 2027-12-23      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                                                        | Gray Television, Inc., Term Loan D                                                              | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |   1669483 | PA      | $1666611.56   | 0.35%             | 2028-12-01      | Variable      | 7.37%                 | No            |                  2 | On Loan: No      |
| AZZ, Inc.                                                                    | AZZ, Inc., Term Loan                                                                            | CUSIP: 00247NAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    609274 | PA      | $610471.42    | 0.13%             | 2029-05-13      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                                    | First Student Bidco, Inc., Term Loan C                                                          | CUSIP: 33718FAB6<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |    665733 | PA      | $630135.88    | 0.13%             | 2028-07-21      | Variable      | 7.73%                 | No            |                  2 | On Loan: No      |
| DCert Buyer, Inc.                                                            | DCert Buyer, Inc., Second Lien Term Loan                                                        | CUSIP: 24022KAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2050664 | PA      | $1888743.31   | 0.40%             | 2029-02-19      | Variable      | 11.70%                | No            |                  2 | On Loan: No      |
| Staples, Inc.                                                                | Staples, Inc., Term Loan B1                                                                     | CUSIP: 855031AQ3<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |   1113121 | PA      | $1044574.68   | 0.22%             | 2026-04-16      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| Caesars Resort Collection LLC                                                | Caesars Resort Collection LLC, Term Loan B                                                      | CUSIP: 12769LAB5<br>LEI: 549300V3UCT773B1KR38 | Long             | LON              | CORP              | US        |   2729861 | PA      | $2730966.77   | 0.57%             | 2024-12-23      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Coty, Inc.                                                                   | Coty, Inc., Term Loan B                                                                         | CUSIP: 22207EBG8<br>LEI: 549300BO9IWPF3S48F93 | Long             | LON              | CORP              | US        |    799879 | PA      | $799378.70    | 0.17%             | 2025-04-07      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                                                  | McGraw-Hill Education, Inc., Term Loan                                                          | CUSIP: 58063DAC7<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |   2277560 | PA      | $2184749.18   | 0.46%             | 2028-07-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Osmosis Buyer Ltd.                                                           | Osmosis Buyer Ltd., Term Loan B                                                                 | CUSIP: 00132UAG9<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1114575 | PA      | $1090655.79   | 0.23%             | 2028-07-31      | Variable      | 8.15%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC / Micro Holding Corp.                                           | MH Sub I LLC / Micro Holding Corp., First Lien Term Loan                                        | CUSIP: 45567YAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1165825 | PA      | $1155623.93   | 0.24%             | 2024-09-13      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                 | Acrisure LLC, First Lien Term Loan                                                              | CUSIP: 00488PAP0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    761538 | PA      | $743451.91    | 0.16%             | 2027-02-15      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corp. (The)                                                 | Dun & Bradstreet Corp. (The), Term Loan                                                         | CUSIP: 26483NAN0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   1812789 | PA      | $1811982.71   | 0.38%             | 2026-02-06      | Variable      | 7.77%                 | No            |                  2 | On Loan: No      |
| ASP Blade Holdings, Inc.                                                     | ASP Blade Holdings, Inc., Term Loan                                                             | CUSIP: 00217HAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3542612 | PA      | $2901718.22   | 0.61%             | 2028-10-13      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                                       | Cengage Learning, Inc., First Lien Term Loan B                                                  | CUSIP: 15134NAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4239433 | PA      | $4052897.93   | 0.85%             | 2026-07-14      | Variable      | 9.88%                 | No            |                  2 | On Loan: No      |
| Aventiv Technologies LLC                                                     | Aventiv Technologies LLC, First Lien Term Loan                                                  | CUSIP: 78410QAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4363892 | PA      | $3089439.28   | 0.65%             | 2024-11-01      | Variable      | 9.23%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                 | Acrisure LLC, First Lien Term Loan                                                              | CUSIP: 00488PAL9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   2162329 | PA      | $2090031.87   | 0.44%             | 2027-02-15      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| City Brewing Co. LLC                                                         | City Brewing Co. LLC, First Lien Term Loan                                                      | CUSIP: 17776EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1329430 | PA      | $624832.22    | 0.13%             | 2028-04-05      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| Spin Holdco, Inc.                                                            | Spin Holdco, Inc., Term Loan                                                                    | CUSIP: 84850XAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2754255 | PA      | $2189302.03   | 0.46%             | 2028-03-04      | Variable      | 8.77%                 | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                                              | B&G Foods, Inc., Term Loan B4                                                                   | CUSIP: 05508TAU6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    534809 | PA      | $516256.59    | 0.11%             | 2026-10-10      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services, Inc.                                                | CHG Healthcare Services, Inc., First Lien Term Loan                                             | CUSIP: 12541HAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2234765 | PA      | $2223456.86   | 0.47%             | 2028-09-29      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| Zekelman Industries, Inc.                                                    | Zekelman Industries, Inc., Term Loan                                                            | CUSIP: 98931YAC7<br>LEI: 549300S5LMRAKDWWI425 | Long             | LON              | CORP              | US        |   1391919 | PA      | $1383866.77   | 0.29%             | 2027-01-24      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                                        | Hexion Holdings Corp., Second Lien Term Loan                                                    | CUSIP: 42829JAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    837209 | PA      | $699069.77    | 0.15%             | 2030-03-15      | Variable      | 12.05%                | No            |                  2 | On Loan: No      |
| International Game Technology plc                                            | International Game Technology plc                                                               | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $864859.50    | 0.18%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tory Burch LLC                                                               | Tory Burch LLC, Term Loan B                                                                     | CUSIP: 89148GAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    579923 | PA      | $559987.72    | 0.12%             | 2028-04-16      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.      | Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.                         | CUSIP: 69527AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $333719.06    | 0.07%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Magenta Buyer LLC                                                            | Magenta Buyer LLC, First Lien Term Loan                                                         | CUSIP: 55910RAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3682692 | PA      | $3242076.39   | 0.68%             | 2028-07-27      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| Charlotte Buyer, Inc.                                                        | Charlotte Buyer, Inc., First Lien Term Loan B                                                   | CUSIP: 12568YAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    645161 | PA      | $631251.61    | 0.13%             | 2028-02-11      | Variable      | 9.68%                 | No            |                  2 | On Loan: No      |
| ECi Macola / MAX Holding LLC                                                 | ECi Macola / MAX Holding LLC, First Lien Term Loan                                              | CUSIP: 26825UAK7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1430227 | PA      | $1408179.70   | 0.30%             | 2027-11-09      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| United AirLines, Inc.                                                        | United AirLines, Inc., Term Loan B                                                              | CUSIP: 90932RAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3360218 | PA      | $3366484.42   | 0.71%             | 2028-04-21      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC, Term Loan B8                                                                       | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    984294 | PA      | $943849.80    | 0.20%             | 2026-12-23      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC, Term Loan B10                                                                      | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    900000 | PA      | $854649.00    | 0.18%             | 2028-08-19      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| TI Group Automotive Systems LLC                                              | TI Group Automotive Systems LLC, Term Loan                                                      | CUSIP: 87247EAY5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1580148 | PA      | $1578828.22   | 0.33%             | 2026-12-16      | Variable      | 7.98%                 | No            |                  2 | On Loan: No      |
| Bally's Corp.                                                                | Bally's Corp., Term Loan B                                                                      | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |   3614367 | PA      | $3483580.70   | 0.73%             | 2028-10-02      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp.                                                   | Gainwell Acquisition Corp., First Lien Term Loan B                                              | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4235392 | PA      | $4144331.19   | 0.87%             | 2027-10-01      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                                   | Fertitta Entertainment LLC, Term Loan B                                                         | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2543150 | PA      | $2517896.24   | 0.53%             | 2029-01-27      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| Verscend Holding Corp.                                                       | Verscend Holding Corp., Term LoanB1                                                             | CUSIP: 92531HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4535782 | PA      | $4536983.73   | 0.95%             | 2025-08-27      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Quest Software US Holdings, Inc.                                             | Quest Software US Holdings, Inc., First Lien Term Loan                                          | CUSIP: 74834YAN2<br>LEI: 549300LMV4JEXTGLE324 | Long             | LON              | CORP              | US        |   1791000 | PA      | $1543456.94   | 0.32%             | 2029-02-01      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc. / Lightning Cayman Merger Sub Ltd. | Sedgwick Claims Management Services, Inc. / Lightning Cayman Merger Sub Ltd., Term Loan         | CUSIP: 81527CAL1<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    781939 | PA      | $779549.96    | 0.16%             | 2025-12-31      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| CommScope, Inc.                                                              | CommScope, Inc.                                                                                 | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    692300 | PA      | $577128.97    | 0.12%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                                                   | Avis Budget Car Rental LLC, Term Loan B                                                         | CUSIP: 05377JAR3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |    883300 | PA      | $873473.62    | 0.18%             | 2027-08-06      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| PMHC II, Inc.                                                                | PMHC II, Inc., Term Loan                                                                        | CUSIP: 69346EAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4937625 | PA      | $4346270.34   | 0.91%             | 2029-04-23      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                                    | Banijay Entertainment SAS, Term Loan B                                                          | CUSIP: F6456UAB9<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    694530 | PA      | $694641.32    | 0.15%             | 2025-03-01      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Lummus Technology Holdings V LLC                                             | Lummus Technology Holdings V LLC, Term Loan B                                                   | CUSIP: 45232UAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    831991 | PA      | $815559.16    | 0.17%             | 2027-06-30      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                               | Univision Communications, Inc.                                                                  | CUSIP: 914906AS1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    400000 | PA      | $390178.00    | 0.08%             | 2025-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LSF11 A5 Holdco LLC                                                          | LSF11 A5 Holdco LLC, Term Loan                                                                  | CUSIP: 50216YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1812413 | PA      | $1761819.53   | 0.37%             | 2028-10-15      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Icon Public Ltd. Co.                                                         | Icon Public Ltd. Co., Term Loan                                                                 | CUSIP: L5000DAC1<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |   1725463 | PA      | $1727628.24   | 0.36%             | 2028-07-03      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                                      | Invesco Senior Loan ETF                                                                         | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             |  | RF                | US        |    117471 | NS      | $2479812.81   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| 24 Hour Fitness Worldwide, Inc.                                              | 24 Hour Fitness Worldwide, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    104009 | NS      | $26938.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Misys Ltd.                                                                   | Misys Ltd., First Lien Term Loan                                                                | CUSIP: 02034DAC1<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |   1513605 | PA      | $1426103.53   | 0.30%             | 2024-06-13      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                 | MPH Acquisition Holdings LLC                                                                    | CUSIP: 553283AD4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    453000 | PA      | $376664.97    | 0.08%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hercules Achievement, Inc. / Varsity Brands Holding Co., Inc.                | Hercules Achievement, Inc. / Varsity Brands Holding Co., Inc., First Lien Term Loan             | CUSIP: 42703UAG0<br>LEI: 549300YOKDS0ZSYJRX81 | Long             | LON              | CORP              | US        |    818108 | PA      | $814017.42    | 0.17%             | 2024-12-16      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                                              | Cemex SAB de CV                                                                                 | CUSIP: 151290BX0<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    750000 | PA      | $702369.27    | 0.15%             | 2030-09-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Aventiv Technologies LLC                                                     | Aventiv Technologies LLC, Second Lien Term Loan                                                 | CUSIP: 78410QAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125000 | PA      | $70000.00     | 0.01%             | 2025-11-01      | Variable      | 13.08%                | No            |                  2 | On Loan: No      |
| Deerfield Dakota Holding LLC                                                 | Deerfield Dakota Holding LLC, First Lien Term Loan                                              | CUSIP: 24440EAB3<br>LEI: 549300FDREJLOIGXY104 | Long             | LON              | CORP              | US        |   2383404 | PA      | $2311472.63   | 0.49%             | 2027-04-09      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Commscope, Inc.                                                              | Commscope, Inc., Term Loan                                                                      | CUSIP: 20337EAQ4<br>LEI: 724500R0MD16646Q8383 | Long             | LON              | CORP              | NL        |   1025015 | PA      | $1006436.32   | 0.21%             | 2026-04-06      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Ivanti Software, Inc.                                                        | Ivanti Software, Inc., First Lien Term Loan                                                     | CUSIP: 46583DAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2570575 | PA      | $2138936.90   | 0.45%             | 2027-12-01      | Variable      | 9.01%                 | No            |                  2 | On Loan: No      |
| Dermatology Intermediate Holdings III, Inc.                                  | Dermatology Intermediate Holdings III, Inc., Term Loan                                          | CUSIP: 24982LAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2029-03-30      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy, Inc.                                                        | Cheniere Energy, Inc.                                                                           | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    450000 | PA      | $429032.25    | 0.09%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Hyland Software, Inc.                                                        | Hyland Software, Inc., Second Lien Term Loan                                                    | CUSIP: 44908XAV0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     30303 | PA      | $28950.15     | 0.01%             | 2025-07-07      | Variable      | 10.82%                | No            |                  2 | On Loan: No      |
| FINThrive Software Intermediate Holdings, Inc.                               | FINThrive Software Intermediate Holdings, Inc., First Lien Term Loan                            | CUSIP: 58404KAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1766463 | PA      | $1609689.69   | 0.34%             | 2028-12-18      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                       | First Brands Group LLC, Second Lien Term Loan                                                   | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1871447 | PA      | $1701267.02   | 0.36%             | 2028-03-30      | Variable      | 13.60%                | No            |                  2 | On Loan: No      |
| Pacific Dental Services LLC                                                  | Pacific Dental Services LLC, Term Loan                                                          | CUSIP: 69417WAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    734408 | PA      | $728257.39    | 0.15%             | 2028-05-05      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                                        | Citadel Securities LP, Term Loan B1                                                             | CUSIP: 17288YAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    478800 | PA      | $480597.89    | 0.10%             | 2028-02-02      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                                    | UKG, Inc., First Lien Term Loan                                                                 | CUSIP: 90385KAK7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1922468 | PA      | $1894361.75   | 0.40%             | 2026-05-04      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| Quarternorth Energy Holding, Inc.                                            | Quarternorth Energy Holding, Inc.                                                               | CUSIP: N/A<br>LEI: 549300BC3OH5VUTNXB92       | Long             | EC               | CORP              | US        |    111779 | NS      | $15537281.00  | 3.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                             | CSC Holdings LLC, Term Loan                                                                     | CUSIP: 64072UAE2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   2621097 | PA      | $2535911.01   | 0.53%             | 2025-07-17      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Pitney Bowes, Inc.                                                           | Pitney Bowes, Inc., Term Loan B                                                                 | CUSIP: 72448FAS4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4530637 | PA      | $4384795.45   | 0.92%             | 2028-03-17      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC / Radiate Finance, Inc.                                   | Radiate Holdco LLC / Radiate Finance, Inc.                                                      | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $460500.00    | 0.10%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Staples, Inc.                                                                | Staples, Inc., Term Loan B2                                                                     | CUSIP: 855031AR1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.04         | 0.00%             | 2024-09-12      | Variable      | 8.94%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                                | Dynasty Acquisition Co., Inc., Term Loan B-2                                                    | CUSIP: 26812CAF3<br>LEI: 549300WM2IKMXZ5LGL49 | Long             | LON              | CORP              | CA        |         0 | PA      | $0.01         | 0.00%             | 2026-04-06      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| Scientific Games International, Inc.                                         | Scientific Games International, Inc., Term Loan B                                               | CUSIP: 80875AAT8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1698442 | PA      | $1699044.81   | 0.36%             | 2029-04-14      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Idera, Inc.                                                                  | Idera, Inc., First Lien Term Loan B-1                                                           | CUSIP: 45168RAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1388754 | PA      | $1346223.39   | 0.28%             | 2028-03-02      | Variable      | 8.51%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                                            | Clarios Global LP, First Lien Term Loan                                                         | CUSIP: C8000CAG8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | CA        |   1800349 | PA      | $1798260.73   | 0.38%             | 2026-04-30      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                               | National Mentor Holdings, Inc., First Lien Term Loan                                            | CUSIP: 63689EAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3128677 | PA      | $2309370.14   | 0.49%             | 2028-03-02      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings I LLC                                        | Genesys Cloud Services Holdings I LLC, Term Loan                                                | CUSIP: 39479UAQ6<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |   5128007 | PA      | $5045215.28   | 1.06%             | 2027-12-01      | Variable      | 8.44%                 | No            |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                                          | Nexstar Media, Inc., Term Loan B4                                                               | CUSIP: 65336RAW8<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |    885655 | PA      | $887129.53    | 0.19%             | 2026-09-18      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                                             | Altice France SA                                                                                | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1270000 | PA      | $1005783.80   | 0.21%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                                        | UTEX Industries, Inc.                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       321 | NS      | $1716.51      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Alliant Holdings Intermediate LLC                                            | Alliant Holdings Intermediate, Term Loan B-4                                                    | CUSIP: 01881UAJ4<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   1690120 | PA      | $1690120.34   | 0.36%             | 2027-11-05      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc. / Lightning Cayman Merger Sub Ltd. | Sedgwick Claims Management Services, Inc. / Lightning Cayman Merger Sub Ltd., Term Loan         | CUSIP: 81527CAM9<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   1723751 | PA      | $1724828.17   | 0.36%             | 2026-09-03      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| U.S. Anesthesia Partners, Inc.                                               | U.S. Anesthesia Partners, Inc., First Lien Term Loan                                            | CUSIP: 90350HAL3<br>LEI: 549300J001GMNRO7SQ51 | Long             | LON              | CORP              | US        |   1667102 | PA      | $1594165.91   | 0.34%             | 2028-10-01      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Arches Buyer, Inc.                                                           | Arches Buyer, Inc., Term Loan                                                                   | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |    983935 | PA      | $953600.07    | 0.20%             | 2027-12-06      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                               | National Mentor Holdings, Inc., First Lien Term Loan C                                          | CUSIP: 63689EAT2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100015 | PA      | $73824.03     | 0.02%             | 2028-03-02      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| PetVet Care Centers LLC / Pearl Intermediate Parent LLC                      | PetVet Care Centers LLC / Pearl Intermediate Parent LLC, First Lien Term Loan                   | CUSIP: 70476XAK1<br>LEI: 549300V0HK8MSXZNOM91 | Long             | LON              | CORP              | US        |   1958627 | PA      | $1864123.67   | 0.39%             | 2025-02-14      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                          | Medline Borrower LP, Term Loan                                                                  | CUSIP: 58503UAC7<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   2871075 | PA      | $2793110.65   | 0.59%             | 2028-10-23      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Pitney Bowes, Inc.                                                           | Pitney Bowes, Inc.                                                                              | CUSIP: 724479AJ9<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |    314000 | PA      | $304894.00    | 0.06%             | 2024-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                                            | IRB Holding Corp., Term Loan B                                                                  | CUSIP: 44988LAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1424680 | PA      | $1412975.89   | 0.30%             | 2027-12-15      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance, Inc.                                        | Acrisure LLC / Acrisure Finance, Inc.                                                           | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    529400 | PA      | $440333.74    | 0.09%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance, Inc.                                        | Jane Street Group / JSG Finance, Inc.                                                           | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $715278.75    | 0.15%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sparta U.S. Holdco LLC                                                       | Sparta U.S. Holdco LLC, First Lien Term Loan                                                    | CUSIP: 84673EAB5<br>LEI: 5493004EFF9NBQ1A8453 | Long             | LON              | CORP              | US        |      1014 | PA      | $1012.63      | 0.00%             | 2028-08-02      | Variable      | 7.37%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** Franklin Floating Rate Master Trust

**Signature:** Ryan Wheeler

**Name of Signer:** Ryan Wheeler

**Title:** Assistant Treasurer