# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0000869392-23-000219
**Filing Date:** 2023-1
**Character Count:** 175584
**Document Hash:** 26386af44a0b554eddddec3d05ff88b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-23-000219.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0000869392-23-000219

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001005942
- **IRS NUMBER:** 043299786
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 23557694

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6177601000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

## Series and Classes Contracts Data

### Putnam Floating Rate Income Fund (Series ID: S000000773)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000002278 | Class B shares  |  |
| C000002279 | Class C shares  |  |
| C000002281 | Class R shares  |  |
| C000002282 | Class Y shares  |  |
| C000002283 | Class A shares  | PFLRX           |
| C000203062 | Class R6 Shares |  |

## Nport-Ex

------

---

| |
|:---|
| **Putnam Floating Rate Income Fund** |
| **The fund's portfolio** |
| **11/30/22 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SENIOR LOANS (83.6%)***<sup>(a)(c)</sup>*** | **SENIOR LOANS (83.6%)***<sup>(a)(c)</sup>*** | **SENIOR LOANS (83.6%)***<sup>(a)(c)</sup>*** |
| | **Principal amount** | **Value** |
| **Advertising and marketing services (0.9%)** | **Advertising and marketing services (0.9%)** | **Advertising and marketing services (0.9%)** |
| Clear Channel Outdoor Holdings, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.50%), 7.914%, 8/21/26 | $2378906 | $2171822 |
| Terrier Media Buyer, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 3.50%), 7.571%, 12/17/26 | 1611210 | 1494397 |
|  |  | **3666219** |
| **Aerospace and defense (0.2%)** | **Aerospace and defense (0.2%)** | **Aerospace and defense (0.2%)** |
| Epicor Software Corp. bank term loan FRN (ICE LIBOR USD 3 Month + 7.75%), 11.821%, 7/30/28 | 855000 | 843244 |
|  |  | **843244** |
| **Automotive (0.5%)** | **Automotive (0.5%)** | **Automotive (0.5%)** |
| Rough Country, LLC bank term loan FRN (ICE LIBOR USD 1 Month + 3.50%), 7.174%, 7/29/28 | 1975000 | 1838725 |
|  |  | **1838725** |
| **Basic materials (7.8%)** | **Basic materials (7.8%)** | **Basic materials (7.8%)** |
| Core & Main LP bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.50%), 7.125%, 6/10/28 | 1480013 | 1454112 |
| CP Atlas Buyer, Inc. bank term loan FRN Ser. B1, (ICE LIBOR USD 3 Month + 3.50%), 7.571%, 11/23/27 | 2115182 | 1858716 |
| Diamond BC BV bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.75%), 7.164%, 9/14/28 | 1985000 | 1914453 |
| GEON Performance Solutions, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.50%), 8.174%, 8/20/28 | 990000 | 956588 |
| Herens US Holdco Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.00%), 7.674%, 4/30/28 | 2146654 | 1966335 |
| Klockner-Pentaplast of America, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 4.75%), 8.259%, 2/4/26 | 1497057 | 1329266 |
| LSF11 A5 HoldCo, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.50%), 7.701%, 9/30/28 | 23880 | 23069 |
| Messer Industries USA, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.50%), 6.174%, 10/1/25 | 2402441 | 2364410 |
| Olympus Water US Holding Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.438%, 9/21/28 | 1482519 | 1415805 |
| PMHC II, Inc. bank term loan FRN (CME TERM SOFR 3 Month + 4.25%), 8.494%, 2/2/29 | 1500000 | 1256595 |
| Pregis TopCo, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 4.00%), 8.071%, 8/1/26 | 1485000 | 1418175 |
| Quikrete Holdings, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.00%), 7.071%, 6/11/28 | 995000 | 978831 |
| Quikrete Holdings, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.63%), 6.696%, 2/1/27 | 1524133 | 1495007 |
| SCIH Salt Holdings, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.00%), 8.415%, 3/16/27 | 2139374 | 2055146 |
| Smyrna Ready Mix Concrete, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.25%), 8.437%, 3/24/29 | 997500 | 977550 |
| Starfruit US Holdco, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.00%), 7.165%, 10/1/25 | 1141173 | 1110932 |
| TAMKO Building Products, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.00%), 7.319%, 5/3/26 | 3036420 | 2930145 |
| Tronox Finance, LLC bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 3.25%), 6.803%, 3/3/29 | 995000 | 972613 |
| W.R. Grace Holdings, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 3.75%), 7.438%, 9/22/28 | 997487 | 977538 |
| Watlow Electric Manufacturing Co. bank term loan FRN Class B, (CME Term SOFR 1 Month + 0.00%), 9.356%, 3/2/28 | 500000 | 490000 |
| Watlow Electric Manufacturing, Co. bank term loan FRN (CME Term SOFR 1 Month + 3.75%), 8.153%, 3/2/28 | 2472375 | 2378622 |
|  |  | **30323908** |
| **Broadcasting (1.3%)** | **Broadcasting (1.3%)** | **Broadcasting (1.3%)** |
| Banijay Group US Holding, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.592%, 3/4/25 | 956330 | 947962 |
| Diamond Sports Group, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 3.25%), 7.144%, 8/24/26 | 1433092 | 226615 |
| Entercom Media Corp. bank term loan FRN Ser. B1, (ICE LIBOR USD 3 Month + 2.50%), 6.544%, 11/17/24 | 1284716 | 947209 |
| iHeartCommunications, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.00%), 7.071%, 5/1/26 | 1472582 | 1377659 |
| Univision Communications, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 3.25%), 7.321%, 3/24/26 | 1587439 | 1557674 |
|  |  | **5057119** |
| **Building materials (5.0%)** | **Building materials (5.0%)** | **Building materials (5.0%)** |
| AppleCaramel Buyer, LLC bank term loan FRN (CME Term SOFR 3 Month Plus CSA + 0.00%), 7.837%, 10/19/27 | 2356642 | 2266218 |
| Chariot Buyer, LLC bank term loan FRN (ICE LIBOR USD 1 Month + 3.50%), 7.571%, 10/22/28 | 2977500 | 2783039 |
| Cornerstone Building Brands, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 3.25%), 7.123%, 4/12/28 | 2895406 | 2568312 |
| CPG International, LLC bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 2.50%), 6.655%, 4/28/29 | 2500000 | 2433325 |
| LBM Acquisition, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.121%, 12/17/27 | 2795011 | 2398622 |
| MI Windows And Doors, Inc. bank term loan FRN Ser. B, (US SOFR + 3.50%), 7.687%, 12/18/27 | 1989975 | 1957638 |
| Park River Holdings, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 3.25%), 6.993%, 12/28/27 | 984992 | 853249 |
| Robertshaw Holdings Corp. bank term loan FRN (ICE LIBOR USD 3 Month + 8.00%), 12.125%, 2/28/26 | 1427000 | 832412 |
| SRS Distribution, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.50%), 7.571%, 5/20/28 | 1984925 | 1903046 |
| Werner Finco LP bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.00%), 7.674%, 7/24/24 | 1595926 | 1380476 |
|  |  | **19376337** |
| **Capital goods (8.7%)** | **Capital goods (8.7%)** | **Capital goods (8.7%)** |
| Adient US, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.321%, 4/1/28 | 2603664 | 2567864 |
| American Trailer World Corp. bank term loan FRN (CME Term SOFR 1 Month + 3.50%), 7.937%, 3/3/28 | 1360850 | 1215416 |
| BWAY Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.37%, 4/3/24 | 2426174 | 2351885 |
| Clarios Global LP bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.321%, 4/30/26 | 2579175 | 2534582 |
| Filtration Group Corp. bank term loan FRN (ICE LIBOR USD 1 Month + 3.50%), 7.571%, 10/19/28 | 2482462 | 2416056 |
| Filtration Group Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.00%), 7.071%, 3/27/25 | 1393755 | 1374075 |
| Graham Packaging Co., Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 3.00%), 7.071%, 8/4/27 | 1640442 | 1601482 |
| Granite US Holdings Corp. bank term loan FRN (ICE LIBOR USD 1 Month + 4.00%), 7.688%, 9/30/26 | 1415863 | 1410554 |
| Harsco Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.25%), 6.375%, 3/5/28 | 1975000 | 1828119 |
| Madison IAQ, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 3.25%), 6.815%, 6/15/28 | 2962500 | 2808835 |
| MajorDrive Holdings IV, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 4.00%), 8.761%, 6/1/28 | 2626750 | 2469697 |
| OT Merger Corp. bank term loan FRN (ICE LIBOR USD 1 Month + 4.00%), 7.674%, 10/7/28 | 988258 | 810371 |
| Patriot Container Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.821%, 3/20/25 | 486005 | 414091 |
| Pro Mach Group, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.00%), 8.071%, 8/13/28 | 2978338 | 2905130 |
| Reynolds Group Holdings, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.004%, 9/20/28 | 995000 | 979299 |
| Staples, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 5.00%), 9.44%, 4/9/26 | 1004190 | 893829 |
| TransDigm, Inc. bank term loan FRN Ser. E, (ICE LIBOR USD 3 Month + 2.25%), 5.924%, 5/30/25 | 1556340 | 1533104 |
| TransDigm, Inc. bank term loan FRN Ser. F, (ICE LIBOR USD 3 Month + 2.25%), 5.924%, 12/9/25 | 467108 | 459663 |
| Vertiv Group Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.75%), 6.555%, 3/2/27 | 3197607 | 3113670 |
|  |  | **33687722** |
| **Commercial and consumer services (2.7%)** | **Commercial and consumer services (2.7%)** | **Commercial and consumer services (2.7%)** |
| Allied Universal Holdco, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.821%, 5/5/28 | 1984975 | 1873777 |
| API Group DE, Inc. bank term loan FRN (ICE LIBOR USD 1 Month + 2.75%), 6.821%, 10/7/28 | 1972679 | 1950486 |
| Garda World Security Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.25%), 8.93%, 10/30/26 | 3114604 | 2984569 |
| Neptune Bidco US, Inc. bank term loan FRN Class C, (CME Term SOFR 1 Month + 5.00%), 9.019%, 4/11/29 | 1500000 | 1346250 |
| Sabre GLBL, Inc. bank term loan FRN (CME Term SOFR 1 Month + 5.00%), 9.187%, 6/30/28 | 1000000 | 935000 |
| Signal Parent, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 3.50%), 7.571%, 4/3/28 | 1975000 | 1248477 |
|  |  | **10338559** |
| **Communication services (3.7%)** | **Communication services (3.7%)** | **Communication services (3.7%)** |
| Asurion, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 5.25%), 9.321%, 1/30/29 | 1138000 | 871515 |
| Asurion, LLC bank term loan FRN Ser. B8, (ICE LIBOR USD 1 Month + 3.25%), 7.321%, 12/23/26 | 2410322 | 2105007 |
| Cogeco Financing 2 LP bank term loan FRN (ICE LIBOR USD 3 Month + 2.50%), 6.571%, 7/28/28 | 1769834 | 1690935 |
| DIRECTV Financing, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 5.00%), 9.071%, 7/22/27 | 3185000 | 3046007 |
| First Opportunity Fund, Ltd. bank term loan FRN (ICE LIBOR USD 1 Month + 3.50%), 7.743%, 7/20/28 | 1980000 | 1914422 |
| Frontier Communications Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.438%, 10/8/27 | 2271935 | 2177081 |
| SFR Group SA bank term loan FRN Ser. B11, (ICE LIBOR USD 3 Month + 2.75%), 7.165%, 7/31/25 | 1561270 | 1494916 |
| Viasat, Inc. bank term loan FRN Class B, (CME Term SOFR 3 Month Plus CSA + 4.50%), 8.701%, 2/24/29 | 1000000 | 969170 |
|  |  | **14269053** |
| **Communications equipment (0.4%)** | **Communications equipment (0.4%)** | **Communications equipment (0.4%)** |
| CommScope, Inc. bank term loan FRN Ser. B2, (ICE LIBOR USD 3 Month + 3.25%), 7.321%, 2/7/26 | 1502406 | 1441844 |
|  |  | **1441844** |
| **Computers (4.5%)** | **Computers (4.5%)** | **Computers (4.5%)** |
| Atlas CC Acquisition Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.25%), 8.985%, 4/29/28 | 1641197 | 1410067 |
| Atlas CC Acquisition Corp. bank term loan FRN Ser. C, (ICE LIBOR USD 3 Month + 4.25%), 8.985%, 4/29/28 | 333803 | 286793 |
| Central Parent, Inc. bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 4.50%), 8.112%, 6/9/29 | 1000000 | 987160 |
| Condor Merger Sub, Inc. bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 3.75%), 7.974%, 2/2/29 | 2493750 | 2364399 |
| ConnectWise, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.50%), 7.174%, 9/30/28 | 992500 | 951311 |
| Ivanti Software, Inc. bank term loan FRN (ICE LIBOR USD 1 Month + 4.25%), 9.011%, 12/1/27 | 1980050 | 1515986 |
| Liftoff Mobile, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.821%, 9/30/28 | 1980000 | 1181407 |
| RealPage, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 3.00%), 7.071%, 4/22/28 | 2992443 | 2859669 |
| Sovos Compliance, LLC bank term loan FRN (ICE LIBOR USD 1 Month + 4.50%), 8.571%, 8/12/28 | 2064340 | 2008004 |
| Xperi Holding Corp. bank term loan FRN (ICE LIBOR USD 3 Month + 3.50%), 7.571%, 6/8/28 | 1875000 | 1809375 |
| ZoomInfo, LLC bank term loan FRN (ICE LIBOR USD 1 Month + 3.00%), 7.071%, 2/2/26 | 2000000 | 1981260 |
|  |  | **17355431** |
| **Consumer staples (4.1%)** | **Consumer staples (4.1%)** | **Consumer staples (4.1%)** |
| AG Group Holdings, Inc. bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 4.00%), 8.135%, 12/29/28 | 995000 | 965150 |
| Ascend Learning, LLC bank term loan FRN (ICE LIBOR USD 1 Month + 5.75%), 9.821%, 11/18/29 | 1220000 | 1033950 |
| Ascend Learning, LLC bank term loan FRN (ICE LIBOR USD 1 Month + 3.50%), 7.571%, 11/18/28 | 2007387 | 1896419 |
| Bengal Debt Merger Sub, LLC bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 3.25%), 6.903%, 1/20/29 | 1995000 | 1875300 |
| Brand Industrial Services, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 4.25%), 8.493%, 6/21/24 | 2360467 | 2076361 |
| Hertz Corp. (The) bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.33%, 6/30/28 | 1661812 | 1619569 |
| Hertz Corp. (The) bank term loan FRN Ser. C, (ICE LIBOR USD 1 Month + 3.25%), 7.321%, 6/30/28 | 317152 | 309090 |
| IRB Holding Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.75%), 5.274%, 2/5/25 | 2116603 | 2076536 |
| Journey Personal Care Corp. bank term loan FRN (ICE LIBOR USD 3 Month + 4.25%), 7.924%, 2/19/28 | 1975000 | 1412125 |
| Naked Juice, LLC bank term loan FRN (CME Term SOFR 3 Month Plus CSA + 6.00%), 9.653%, 1/24/30 | 500000 | 434375 |
| PECF USS Intermediate Holding III Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 4.25%), 8.321%, 12/17/28 | 2662375 | 2147658 |
|  |  | **15846533** |
| **Electronics (0.9%)** | **Electronics (0.9%)** | **Electronics (0.9%)** |
| Mirion Technologies US, Inc. bank term loan FRN (ICE LIBOR USD 1 Month + 2.75%), 5.627%, 10/20/28 | 1985000 | 1944883 |
| Vision Solutions, Inc. bank term loan FRN (US SOFR + 4.00%), 7.80%, 4/24/28 | 1870000 | 1535738 |
|  |  | **3480621** |
| **Energy (4.7%)** | **Energy (4.7%)** | **Energy (4.7%)** |
| BCP Renaissance Parent, LLC bank term loan FRN Ser. B3, (ICE LIBOR USD 3 Month + 3.50%), 7.053%, 10/31/26 | 2623491 | 2584139 |
| ChampionX Corp. bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 3.25%), 7.144%, 5/13/29 | 1000000 | 997190 |
| CQP Holdco LP bank term loan FRN (ICE LIBOR USD 3 Month + 3.75%), 7.424%, 5/27/28 | 2947688 | 2905683 |
| GIP II Blue Holding LP bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.50%), 8.174%, 9/22/28 | 1961919 | 1943928 |
| M6 ETX Holdings II MidCo, LLC bank term loan FRN (CME Term SOFR 1 Month + 4.50%), 8.511%, 8/12/29 | 1500000 | 1499070 |
| Medallion Midland Acquisition LP bank term loan FRN (ICE LIBOR USD 1 Month + 3.75%), 7.424%, 10/14/28 | 1989975 | 1966354 |
| Oryx Midstream Services Permian Basin, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 3.25%), 7.924%, 9/29/28 | 2481198 | 2446040 |
| Prairie ECI Acquiror LP bank term loan FRN (ICE LIBOR USD 3 Month + 4.75%), 8.821%, 3/11/26 | 2000000 | 1932820 |
| Southwestern Energy Co. bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 2.50%), 6.203%, 6/8/27 | 1985000 | 1957706 |
|  |  | **18232930** |
| **Entertainment (0.8%)** | **Entertainment (0.8%)** | **Entertainment (0.8%)** |
| Allen Media, LLC bank term loan FRN Ser. B, (CME TERM SOFR 3 Month + 5.50%), 9.203%, 2/10/27 | 1481032 | 1226013 |
| AMC Entertainment Holdings, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 3.00%), 6.859%, 4/22/26 | 3115918 | 1730456 |
|  |  | **2956469** |
| **Financials (5.4%)** | **Financials (5.4%)** | **Financials (5.4%)** |
| Acrisure, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.821%, 2/15/27 | 990000 | 933075 |
| Acrisure, LLC bank term loan FRN Ser. B, (US SOFR + 3.50%), 7.571%, 2/15/27 | 1880711 | 1757449 |
| Advisor Group Holdings, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.50%), 8.571%, 7/31/26 | 2698380 | 2620505 |
| Alliant Holdings I, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.00%), 7.321%, 4/27/25 | 1890595 | 1852481 |
| AmWINS Group, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.25%), 6.321%, 2/19/28 | 1088167 | 1064673 |
| Apollo Commercial Real Estate Finance, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.50%), 7.544%, 3/11/28 | 1428250 | 1328273 |
| Aretec Group, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 4.25%), 8.437%, 10/1/25 | 1591558 | 1544209 |
| BCPE Rover Merger Sub, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.25%), 8.321%, 11/28/25 | 2098000 | 2019325 |
| Forest City Enterprises LP bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.50%), 7.571%, 12/7/25 | 1776228 | 1745144 |
| Greystone Select Financial, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 5.00%), 9.227%, 5/6/28 | 1472308 | 1387650 |
| HUB International, Ltd. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.00%), 7.326%, 4/25/25 | 2411353 | 2363825 |
| USI, Inc./NY bank term loan FRN (CME Term SOFR 1 Month + 3.75%), 7.682%, 11/16/29 | 2408256 | 2366545 |
|  |  | **20983154** |
| **Gaming and lottery (3.4%)** | **Gaming and lottery (3.4%)** | **Gaming and lottery (3.4%)** |
| Bally's Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.129%, 8/6/28 | 2481250 | 2355475 |
| Fertitta Entertainment, LLC/NV bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 4.00%), 8.087%, 1/12/29 | 2242271 | 2135247 |
| Light & Wonder, Inc. bank term loan FRN (CME Term SOFR 1 Month + 3.00%), 6.896%, 4/7/29 | 2493750 | 2442005 |
| Raptor Acquisition Corp. bank term loan FRN (ICE LIBOR USD 3 Month + 4.00%), 7.602%, 11/1/26 | 1496250 | 1464455 |
| Scientific Games Holdings LP bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 3.50%), 7.097%, 4/4/29 | 3000000 | 2861250 |
| Stars Group Holdings BV bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 2.25%), 5.892%, 7/21/26 | 1911252 | 1885240 |
|  |  | **13143672** |
| **Health care (9.0%)** | **Health care (9.0%)** | **Health care (9.0%)** |
| athenahealth, Inc. bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 3.50%), 7.411%, 1/27/29 | 1705870 | 1554047 |
| athenahealth, Inc. bank term loan FRN Ser. DD, (CME Term SOFR 3 Month Plus CSA + 3.50%), 3.50%, 1/27/29***<sup>(U)</sup>*** | 289855 | 264058 |
| Azalea TopCo, Inc. bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 3.75%), 7.837%, 7/25/26 | 497500 | 458944 |
| Azalea TopCo, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 3.50%), 7.571%, 7/24/26 | 1488491 | 1374994 |
| Bausch + Lomb Corp. bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 3.25%), 7.149%, 5/5/27 | 997500 | 944134 |
| Bausch Health Cos., Inc. bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 5.25%), 9.046%, 1/27/27 | 987500 | 732804 |
| Covetrus, Inc. bank term loan FRN (CME TERM SOFR 3 Month + 5.00%), 8.784%, 10/13/29 | 1000000 | 949380 |
| Elanco Animal Health, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 1.75%), 5.87%, 2/4/27 | 1885451 | 1822119 |
| Envision Healthcare Corp. bank term loan FRN (US SOFR + 4.25%), 7.994%, 3/31/27 | 786343 | 235903 |
| Envision Healthcare Corp. bank term loan FRN (CME Term SOFR 1 Month + 3.75%), 7.874%, 3/31/27 | 1925423 | 430005 |
| Global Medical Response, Inc. bank term loan FRN (ICE LIBOR USD 1 Month + 4.25%), 8.092%, 10/2/25 | 1813459 | 1433539 |
| Grifols Worldwide Operations USA, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.00%), 6.071%, 11/15/27 | 2300151 | 2225074 |
| Icon Luxembourg SARL bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.25%), 5.938%, 6/16/28 | 1149965 | 1143559 |
| Indigo Merger Sub, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 2.25%), 5.938%, 6/16/28 | 286514 | 284919 |
| Insulet Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.321%, 5/4/28 | 1975000 | 1939213 |
| Jazz Financing Lux SARL bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 3.50%), 7.571%, 5/5/28 | 2538569 | 2516356 |
| Mozart Borrower LP bank term loan FRN (ICE LIBOR USD 1 Month + 3.25%), 7.321%, 9/30/28 | 2985000 | 2831601 |
| One Call Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 5.50%), 9.875%, 4/22/27 | 1371904 | 1039217 |
| Organon & Co. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.00%), 6.188%, 4/8/28 | 2792500 | 2761783 |
| Pediatric Associates Holding Co., LLC bank term loan FRN Ser. B, (ICE LIBOR USD 1 Month + 3.25%), 7.321%, 2/8/29 | 1728158 | 1648231 |
| Pediatric Associates Holding Co., LLC bank term loan FRN Ser. DD, (ICE LIBOR USD 3 Month + 3.25%), 5.281%, 2/8/29***<sup>(U)</sup>*** | 262501 | 250360 |
| Perrigo Investments, LLC bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 2.50%), 6.687%, 4/5/29 | 997500 | 981291 |
| Phoenix Newco, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 3.25%), 7.321%, 8/11/28 | 2985000 | 2866734 |
| Physician Partners, LLC bank term loan FRN (CME Term SOFR 3 Month Plus CSA + 4.00%), 7.80%, 2/1/29 | 497500 | 476670 |
| Surgery Center Holdings, Inc. bank term loan FRN (ICE LIBOR USD 1 Month + 3.75%), 7.63%, 8/31/26 | 3144387 | 3081492 |
|  |  | **34246427** |
| **Household furniture and appliances (1.2%)** | **Household furniture and appliances (1.2%)** | **Household furniture and appliances (1.2%)** |
| Hunter Douglas, Inc. bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 3.50%), 7.859%, 2/9/29 | 2992500 | 2605091 |
| Osmosis Debt Merger Sub, Inc. bank term loan FRN (CME Term SOFR 1 Month + 3.75%), 7.544%, 7/30/28 | 1995000 | 1891918 |
|  |  | **4497009** |
| **Lodging/Tourism (1.1%)** | **Lodging/Tourism (1.1%)** | **Lodging/Tourism (1.1%)** |
| Caesars Resort Collection, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 2.75%), 6.821%, 9/28/24 | 2272902 | 2255650 |
| Carnival Corp. bank term loan FRN (ICE LIBOR USD 1 Month + 3.25%), 6.127%, 10/8/28 | 1985000 | 1860104 |
|  |  | **4115754** |
| **Publishing (1.1%)** | **Publishing (1.1%)** | **Publishing (1.1%)** |
| Cengage Learning, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.75%), 7.814%, 6/29/26 | 2205506 | 2021346 |
| Mav Acquisition Corp. bank term loan FRN (ICE LIBOR USD 3 Month + 4.75%), 8.318%, 7/30/28 | 2472513 | 2357541 |
|  |  | **4378887** |
| **Retail (2.2%)** | **Retail (2.2%)** | **Retail (2.2%)** |
| Crocs, Inc. bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 3.50%), 7.651%, 2/19/29 | 1496063 | 1441830 |
| Great Outdoors Group, LLC bank term loan FRN Ser. B1, (ICE LIBOR USD 1 Month + 3.75%), 7.821%, 3/5/28 | 2956437 | 2837441 |
| Petco Health & Wellness Co., Inc. bank term loan FRN (ICE LIBOR USD 1 Month + 3.25%), 6.924%, 3/4/28 | 1970000 | 1906802 |
| PetSmart, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.82%, 1/29/28 | 2567500 | 2463876 |
|  |  | **8649949** |
| **Semiconductor (0.8%)** | **Semiconductor (0.8%)** | **Semiconductor (0.8%)** |
| Altar Bidco, Inc. bank term loan FRN (US SOFR + 5.60%), 10.512%, 11/17/29 | 1500000 | 1252500 |
| Altar Bidco, Inc. bank term loan FRN (CME Term SOFR 1 Month + 3.10%), 6.608%, 11/17/28 | 1995000 | 1880288 |
|  |  | **3132788** |
| **Software (5.6%)** | **Software (5.6%)** | **Software (5.6%)** |
| AppLovin Corp. bank term loan FRN (ICE LIBOR USD 1 Month + 3.00%), 6.674%, 10/21/28 | 1634500 | 1530301 |
| Boxer Parent Co., Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.821%, 10/2/25 | 2405606 | 2304281 |
| Epicor Software Corp. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.321%, 7/30/27 | 1845986 | 1780601 |
| Greeneden US Holdings II, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 4.00%), 8.071%, 12/1/27 | 2505375 | 2428660 |
| IGT Holding IV AB bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.40%), 7.074%, 3/22/28 | 3004250 | 2936654 |
| NortonLifeLock, Inc. bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 2.00%), 6.187%, 9/12/29 | 2000000 | 1964160 |
| Polaris Newco, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 4.00%), 7.674%, 6/3/28 | 2262125 | 2062063 |
| Quasar Intermediate Holdings, Ltd. bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 4.25%), 8.494%, 1/20/29 | 997500 | 754050 |
| TIBCO Software, Inc. bank term loan FRN Ser. B, (CME Term SOFR 1 Month + 4.50%), 8.153%, 3/30/29 | 2159000 | 1956982 |
| UKG, Inc. bank term loan FRN (ICE LIBOR USD 1 Month + 5.25%), 8.998%, 5/3/27 | 995000 | 910425 |
| UKG, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 3.75%), 7.821%, 4/5/26 | 1940000 | 1887465 |
| UKG, Inc. bank term loan FRN (ICE LIBOR USD 1 Month + 3.25%), 6.998%, 5/3/26 | 1351066 | 1303211 |
|  |  | **21818853** |
| **Technology services (4.8%)** | **Technology services (4.8%)** | **Technology services (4.8%)** |
| Ahead DB Holdings, LLC bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 7.55%, 10/16/27 | 2269555 | 2211863 |
| Arches Buyer, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 3.25%), 7.321%, 12/6/27 | 2784163 | 2526044 |
| GoDaddy Operating Co., LLC bank term loan FRN (ICE LIBOR USD 1 Month + 2.00%), 6.071%, 8/10/27 | 1601822 | 1585804 |
| Ingram Micro, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.50%), 7.174%, 4/1/28 | 1975000 | 1943519 |
| MH Sub I, LLC bank term loan FRN (ICE LIBOR USD 1 Month + 3.75%), 7.821%, 9/15/24 | 2078734 | 2020280 |
| Proofpoint, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 6.25%), 10.985%, 8/31/29 | 995000 | 950225 |
| Proofpoint, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.985%, 6/9/28 | 2686678 | 2581736 |
| Star Merger Sub, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.25%), 7.294%, 2/1/26 | 1844494 | 1817749 |
| Tempo Acquisition, LLC bank term loan FRN Ser. B, (CME Term SOFR 3 Month Plus CSA + 3.00%), 7.087%, 8/31/28 | 2568931 | 2546453 |
| Tenable, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 2.75%), 7.165%, 7/7/28 | 496250 | 481363 |
|  |  | **18665036** |
| **Transportation (2.0%)** | **Transportation (2.0%)** | **Transportation (2.0%)** |
| American Airlines, Inc. bank term loan FRN (ICE LIBOR USD 3 Month + 4.75%), 8.993%, 4/20/28 | 2295000 | 2279027 |
| Einstein Merger Sub, Inc. bank term loan FRN (ICE LIBOR USD 1 Month + 3.50%), 7.571%, 11/4/28 | 1492500 | 1370861 |
| KKR Apple Bidco, LLC bank term loan FRN (ICE LIBOR USD 3 Month + 5.75%), 9.821%, 7/13/29 | 750000 | 718500 |
| Skymiles IP, Ltd. bank term loan FRN (ICE LIBOR USD 3 Month + 3.75%), 7.993%, 9/16/27 | 1000000 | 1013250 |
| United Airlines, Inc. bank term loan FRN Ser. B, (ICE LIBOR USD 3 Month + 3.75%), 8.108%, 4/21/28 | 2319625 | 2287313 |
|  |  | **7668951** |
| **Utilities and power (0.8%)** | **Utilities and power (0.8%)** | **Utilities and power (0.8%)** |
| Calpine Construction Finance Co. LP bank term loan FRN (ICE LIBOR USD 3 Month + 2.00%), 6.071%, 1/15/25 | 1536478 | 1522650 |
| Pacific Gas & Electric Co. bank term loan FRN (ICE LIBOR USD 3 Month + 3.00%), 7.125%, 6/23/25 | 1466250 | 1442116 |
|  |  | **2964766** |
| **Total senior loans (cost $343,474,138)** |  | **$322979960** |

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| | | |
|:---|:---|:---|
| **CORPORATE BONDS AND NOTES (8.8%)***<sup>(a)</sup>*** | **CORPORATE BONDS AND NOTES (8.8%)***<sup>(a)</sup>*** | **CORPORATE BONDS AND NOTES (8.8%)***<sup>(a)</sup>*** |
| | **Principal amount** | **Value** |
| **Basic materials (1.4%)** | **Basic materials (1.4%)** | **Basic materials (1.4%)** |
| Celanese US Holdings, LLC company guaranty sr. unsec. notes 6.05%, 3/15/25 (Germany) | $1000000 | $994978 |
| Cheever Escrow Issuer, LLC 144A sr. notes 7.125%, 10/1/27 | 1000000 | 935000 |
| First Quantum Minerals, Ltd. 144A company guaranty sr. unsec. notes 6.875%, 3/1/26 (Canada) | 1100000 | 1060653 |
| Mauser Packaging Solutions Holding Co. 144A sr. notes 5.50%, 4/15/24 | 383000 | 377761 |
| Novelis Corp. 144A company guaranty sr. unsec. notes 3.25%, 11/15/26 | 1000000 | 893564 |
| WR Grace Holdings, LLC 144A company guaranty sr. notes 5.625%, 10/1/24 | 523000 | 511264 |
| WR Grace Holdings, LLC 144A company guaranty sr. notes 4.875%, 6/15/27 | 785000 | 703321 |
|  |  | **5476541** |
| **Capital goods (1.6%)** | **Capital goods (1.6%)** | **Capital goods (1.6%)** |
| Berry Global, Inc. 144A company guaranty notes 5.625%, 7/15/27 | 1000000 | 980000 |
| Clarios Global LP 144A company guaranty sr. notes 6.75%, 5/15/25 | 500000 | 499681 |
| Staples, Inc. 144A sr. notes 7.50%, 4/15/26 | 1266000 | 1129443 |
| TransDigm, Inc. 144A company guaranty sr. notes 6.25%, 3/15/26 | 1745000 | 1736519 |
| Trivium Packaging Finance BV 144A company guaranty sr. notes 5.50%, 8/15/26 (Netherlands) | 1000000 | 939670 |
| WESCO Distribution, Inc. 144A company guaranty sr. unsec. unsub. notes 7.125%, 6/15/25 | 1000000 | 1012500 |
|  |  | **6297813** |
| **Communication services (0.7%)** | **Communication services (0.7%)** | **Communication services (0.7%)** |
| CCO Holdings, LLC/CCO Holdings Capital Corp. 144A company guaranty sr. unsec. bonds 5.50%, 5/1/26 | 2250000 | 2182500 |
| DISH DBS Corp. company guaranty sr. unsec. notes 7.75%, 7/1/26 | 660000 | 552816 |
|  |  | **2735316** |
| **Conglomerates (0.3%)** | **Conglomerates (0.3%)** | **Conglomerates (0.3%)** |
| General Electric Co. jr. unsec. sub. FRN (ICE LIBOR USD 3 Month + 3.33%), 6.623%, perpetual maturity | 1000000 | 970000 |
|  |  | **970000** |
| **Consumer cyclicals (2.2%)** | **Consumer cyclicals (2.2%)** | **Consumer cyclicals (2.2%)** |
| Beasley Mezzanine Holdings, LLC 144A company guaranty sr. notes 8.625%, 2/1/26 | 750000 | 483975 |
| Caesars Resort Collection, LLC/CRC Finco, Inc. 144A company guaranty sr. notes 5.75%, 7/1/25 | 1010000 | 997734 |
| Carnival Corp. 144A notes 10.50%, 2/1/26 | 1000000 | 1012100 |
| Ford Motor Credit Co., LLC sr. unsec. unsub. notes 5.125%, 6/16/25 | 1000000 | 968312 |
| iHeartCommunications, Inc. company guaranty sr. notes 6.375%, 5/1/26 | 1000000 | 945808 |
| MGM Resorts International company guaranty sr. unsec. notes 6.00%, 3/15/23 | 770000 | 770037 |
| Sabre GLBL, Inc. 144A company guaranty sr. notes 7.375%, 9/1/25 | 1000000 | 952500 |
| Spanish Broadcasting System, Inc. 144A sr. notes 9.75%, 3/1/26 | 740000 | 439209 |
| Standard Industries, Inc. 144A sr. unsec. notes 5.00%, 2/15/27 | 1000000 | 920261 |
| Univision Communications, Inc. 144A company guaranty sr. notes 6.625%, 6/1/27 | 1000000 | 974531 |
|  |  | **8464467** |
| **Energy (1.0%)** | **Energy (1.0%)** | **Energy (1.0%)** |
| Hess Midstream Operations LP 144A company guaranty sr. unsec. sub. notes 5.625%, 2/15/26 | 1000000 | 982990 |
| Occidental Petroleum Corp. sr. unsec. sub. notes 5.875%, 9/1/25 | 1500000 | 1513688 |
| SM Energy Co. sr. unsec. unsub. notes 5.625%, 6/1/25 | 1300000 | 1264688 |
|  |  | **3761366** |
| **Financials (0.6%)** | **Financials (0.6%)** | **Financials (0.6%)** |
| iStar, Inc. sr. unsec. notes 5.50%, 2/15/26***<sup>(R)</sup>*** | 1200000 | 1198149 |
| OneMain Finance Corp. company guaranty sr. unsec. sub. notes 7.125%, 3/15/26 | 1000000 | 968795 |
|  |  | **2166944** |
| **Health care (0.3%)** | **Health care (0.3%)** | **Health care (0.3%)** |
| Tenet Healthcare Corp. company guaranty sr. notes 4.625%, 7/15/24 | 371000 | 363022 |
| Tenet Healthcare Corp. 144A company guaranty sr. notes 5.125%, 11/1/27 | 1000000 | 941390 |
|  |  | **1304412** |
| **Utilities and power (0.7%)** | **Utilities and power (0.7%)** | **Utilities and power (0.7%)** |
| Buckeye Partners LP sr. unsec. notes 3.95%, 12/1/26 | 1000000 | 882500 |
| Calpine Corp. 144A company guaranty sr. notes 5.25%, 6/1/26 | 1000000 | 958193 |
| Vistra Operations Co., LLC 144A company guaranty sr. notes 5.125%, 5/13/25 | 1000000 | 974118 |
|  |  | **2814811** |
| **Total corporate bonds and notes (cost $35,373,496)** |  | **$33991670** |

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| | | |
|:---|:---|:---|
| **COMMON STOCKS (—%)***<sup>(a)</sup>*** | **COMMON STOCKS (—%)***<sup>(a)</sup>*** | **COMMON STOCKS (—%)***<sup>(a)</sup>*** |
| | **Shares** | **Value** |
| Texas Competitive Electric Holdings Co., LLC/TCEH Finance, Inc. (Rights) | 113884 | $136661 |
| **Total common stocks (cost $142,355)** |  | **$136661** |

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| | | | |
|:---|:---|:---|:---|
| **SHORT-TERM INVESTMENTS (5.3%)***<sup>(a)</sup>*** | **SHORT-TERM INVESTMENTS (5.3%)***<sup>(a)</sup>*** | **SHORT-TERM INVESTMENTS (5.3%)***<sup>(a)</sup>*** | **SHORT-TERM INVESTMENTS (5.3%)***<sup>(a)</sup>*** |
| | | **Principal amount/shares** | **Value** |
| Putnam Short Term Investment Fund Class P 3.95%***<sup>(AFF)</sup>*** | Shares | 18801034 | $18801034 |
| U.S. Treasury Bills 3.243%, 12/1/22***<sup>(SEGCCS)</sup>*** |  | $600000 | 600000 |
| U.S. Treasury Bills 3.981%, 1/3/23 |  | 600000 | 597847 |
| U.S. Treasury Bills 3.330%, 12/6/22***<sup>(SEGCCS)</sup>*** |  | 400000 | 399801 |
| **Total short-term investments (cost $20,398,700)** |  |  | **$20398682** |
| **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** |
| **Total investments (cost $399,388,689)** |  |  | **$377506973** |

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING — PROTECTION SOLD at 11/30/22 (Unaudited)** | **CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING — PROTECTION SOLD at 11/30/22 (Unaudited)** | **CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING — PROTECTION SOLD at 11/30/22 (Unaudited)** | **CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING — PROTECTION SOLD at 11/30/22 (Unaudited)** | **CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING — PROTECTION SOLD at 11/30/22 (Unaudited)** | **CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING — PROTECTION SOLD at 11/30/22 (Unaudited)** | **CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING — PROTECTION SOLD at 11/30/22 (Unaudited)** | **CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING — PROTECTION SOLD at 11/30/22 (Unaudited)** |
|  | **Referenced debt\*** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating\*\*\*** | **Upfront premium received (paid)\*\*** | **Notional<br>amount** | **Value** | **Termi-<br> nation<br>date** | **Payments received<br>by fund** | **Unrealized<br>appreciation/<br>(depreciation)** |
|  | CDX NA HY Series 39 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B+/P | $330291 | $9000000 | $168750 | 12/20/27 | 500 bp — Quarterly | $571541 |
|  | **Total** |  | **$330291** |  |  |  |  | **$571541** |
| ***\**** | ***Payments related to the referenced debt are made upon a credit default event.*** | ***Payments related to the referenced debt are made upon a credit default event.*** | ***Payments related to the referenced debt are made upon a credit default event.*** | ***Payments related to the referenced debt are made upon a credit default event.*** | ***Payments related to the referenced debt are made upon a credit default event.*** | ***Payments related to the referenced debt are made upon a credit default event.*** | ***Payments related to the referenced debt are made upon a credit default event.*** | ***Payments related to the referenced debt are made upon a credit default event.*** |
| ***\*\**** | ***Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.*** | ***Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.*** | ***Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.*** | ***Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.*** | ***Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.*** | ***Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.*** | ***Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.*** | ***Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.*** |
| ***\*\*\**** | ***Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at November 30, 2022. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications.*** | ***Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at November 30, 2022. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications.*** | ***Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at November 30, 2022. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications.*** | ***Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at November 30, 2022. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications.*** | ***Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at November 30, 2022. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications.*** | ***Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at November 30, 2022. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications.*** | ***Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at November 30, 2022. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications.*** | ***Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at November 30, 2022. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications.*** |

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| | | | |
|:---|:---|:---|:---|
|  | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** |
| bp | Basis Points | Basis Points | Basis Points |
| FRN | Floating Rate Notes: The rate shown is the current interest rate or yield at the close of the reporting period. Rates may be subject to a cap or floor. For certain securities, the rate may represent a fixed rate currently in place at the close of the reporting period. | Floating Rate Notes: The rate shown is the current interest rate or yield at the close of the reporting period. Rates may be subject to a cap or floor. For certain securities, the rate may represent a fixed rate currently in place at the close of the reporting period. | Floating Rate Notes: The rate shown is the current interest rate or yield at the close of the reporting period. Rates may be subject to a cap or floor. For certain securities, the rate may represent a fixed rate currently in place at the close of the reporting period. |
| LIBOR | London Interbank Offered Rate | London Interbank Offered Rate | London Interbank Offered Rate |
| SOFR | Secured Overnight Financing Rate | Secured Overnight Financing Rate | Secured Overnight Financing Rate |
|  | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** |
|  | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from March 1, 2022 through November 30, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from March 1, 2022 through November 30, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from March 1, 2022 through November 30, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. |
| ***<sup>(a)</sup>*** | Percentages indicated are based on net assets of $386,458,002. | Percentages indicated are based on net assets of $386,458,002. | Percentages indicated are based on net assets of $386,458,002. |
| ***<sup>(AFF)</sup>*** | Affiliated company. For investments in Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Name of affiliate** | **Fair value<br>as of<br>2/28/22** | **Shares outstanding<br>and fair<br>value as of<br>11/30/22** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Putnam Short Term Investment Fund\* | $52367133 | $18801034 |
|  | **Total Short-term investments** | **$52367133** | **$18801034** |
|  | \* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. | \* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. | \* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. |
| ***<sup>(SEGCCS)</sup>*** | This security, in part or in entirety, was pledged and segregated with the custodian for collateral on the initial margin on certain centrally cleared derivative contracts at the close of the reporting period. Collateral at period end totaled $914,669. | This security, in part or in entirety, was pledged and segregated with the custodian for collateral on the initial margin on certain centrally cleared derivative contracts at the close of the reporting period. Collateral at period end totaled $914,669. | This security, in part or in entirety, was pledged and segregated with the custodian for collateral on the initial margin on certain centrally cleared derivative contracts at the close of the reporting period. Collateral at period end totaled $914,669. |
| ***<sup>(c)</sup>*** | Senior loans are exempt from registration under the Securities Act of 1933, as amended, but contain certain restrictions on resale and cannot be sold publicly. These loans pay interest at rates which adjust periodically. The interest rates shown for senior loans are the current interest rates at the close of the reporting period. Senior loans are also subject to mandatory and/or optional prepayment which cannot be predicted. As a result, the remaining maturity may be substantially less than the stated maturity shown. Senior loans are purchased or sold on a when-issued or delayed delivery basis and may be settled a month or more after the trade date, which from time to time can delay the actual investment of available cash balances; interest income is accrued based on the terms of the securities. | Senior loans are exempt from registration under the Securities Act of 1933, as amended, but contain certain restrictions on resale and cannot be sold publicly. These loans pay interest at rates which adjust periodically. The interest rates shown for senior loans are the current interest rates at the close of the reporting period. Senior loans are also subject to mandatory and/or optional prepayment which cannot be predicted. As a result, the remaining maturity may be substantially less than the stated maturity shown. Senior loans are purchased or sold on a when-issued or delayed delivery basis and may be settled a month or more after the trade date, which from time to time can delay the actual investment of available cash balances; interest income is accrued based on the terms of the securities. | Senior loans are exempt from registration under the Securities Act of 1933, as amended, but contain certain restrictions on resale and cannot be sold publicly. These loans pay interest at rates which adjust periodically. The interest rates shown for senior loans are the current interest rates at the close of the reporting period. Senior loans are also subject to mandatory and/or optional prepayment which cannot be predicted. As a result, the remaining maturity may be substantially less than the stated maturity shown. Senior loans are purchased or sold on a when-issued or delayed delivery basis and may be settled a month or more after the trade date, which from time to time can delay the actual investment of available cash balances; interest income is accrued based on the terms of the securities. |
|  | Senior loans can be acquired through an agent, by assignment from another holder of the loan, or as a participation interest in another holder's portion of the loan. When the fund invests in a loan or participation, the fund is subject to the risk that an intermediate participant between the fund and the borrower will fail to meet its obligations to the fund, in addition to the risk that the borrower under the loan may default on its obligations. | Senior loans can be acquired through an agent, by assignment from another holder of the loan, or as a participation interest in another holder's portion of the loan. When the fund invests in a loan or participation, the fund is subject to the risk that an intermediate participant between the fund and the borrower will fail to meet its obligations to the fund, in addition to the risk that the borrower under the loan may default on its obligations. | Senior loans can be acquired through an agent, by assignment from another holder of the loan, or as a participation interest in another holder's portion of the loan. When the fund invests in a loan or participation, the fund is subject to the risk that an intermediate participant between the fund and the borrower will fail to meet its obligations to the fund, in addition to the risk that the borrower under the loan may default on its obligations. |
| ***<sup>(R)</sup>*** | Real Estate Investment Trust. | Real Estate Investment Trust. | Real Estate Investment Trust. |
| ***<sup>(U)</sup>*** | This security, in part or in entirety, represents an unfunded loan commitment. As of the close of the reporting period, the fund had unfunded loan commitments of $421,434, which could be extended at the option of the borrower, pursuant to the following loan agreements with the following borrowers: | This security, in part or in entirety, represents an unfunded loan commitment. As of the close of the reporting period, the fund had unfunded loan commitments of $421,434, which could be extended at the option of the borrower, pursuant to the following loan agreements with the following borrowers: | This security, in part or in entirety, represents an unfunded loan commitment. As of the close of the reporting period, the fund had unfunded loan commitments of $421,434, which could be extended at the option of the borrower, pursuant to the following loan agreements with the following borrowers: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Borrower | Unfunded commitments |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;athenahealth, Inc. | $289855 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pediatric Associates Holding Co., LLC | 131579 |  |
|  | **Totals** | **$421434** |  |
|  | Unless otherwise noted, the rates quoted in Short-term investments security descriptions represent the weighted average yield to maturity. | Unless otherwise noted, the rates quoted in Short-term investments security descriptions represent the weighted average yield to maturity. | Unless otherwise noted, the rates quoted in Short-term investments security descriptions represent the weighted average yield to maturity. |
|  | Debt obligations are considered secured unless otherwise indicated. | Debt obligations are considered secured unless otherwise indicated. | Debt obligations are considered secured unless otherwise indicated. |
|  | 144A after the name of an issuer represents securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | 144A after the name of an issuer represents securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | 144A after the name of an issuer represents securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
|  | The dates shown on debt obligations are the original maturity dates. | The dates shown on debt obligations are the original maturity dates. | The dates shown on debt obligations are the original maturity dates. |
|  | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. |
|  | Senior loans are valued at fair value on the basis of valuations provided by an independent pricing service, approved by the Trustees. Such services use information with respect to transactions in senior loans, quotations from senior loan dealers, market transactions in comparable securities and various relationships between securities in determining value. These securities will generally be categorized as Level 2. | Senior loans are valued at fair value on the basis of valuations provided by an independent pricing service, approved by the Trustees. Such services use information with respect to transactions in senior loans, quotations from senior loan dealers, market transactions in comparable securities and various relationships between securities in determining value. These securities will generally be categorized as Level 2. | Senior loans are valued at fair value on the basis of valuations provided by an independent pricing service, approved by the Trustees. Such services use information with respect to transactions in senior loans, quotations from senior loan dealers, market transactions in comparable securities and various relationships between securities in determining value. These securities will generally be categorized as Level 2. |
|  | Market quotations are not considered to be readily available for certain debt obligations (including short-term investments with remaining maturities of 60 days or less); such investments are valued on the basis of valuations furnished by an independent pricing service approved by the Trustees or dealers selected by Putnam Management. Such services or dealers determine valuations for normal institutional-size trading units of such securities using methods based on market transactions for comparable securities and various relationships, generally recognized by institutional traders, between securities (which consider such factors as prices, yields, maturities and ratings). These securities will generally be categorized as Level 2. | Market quotations are not considered to be readily available for certain debt obligations (including short-term investments with remaining maturities of 60 days or less); such investments are valued on the basis of valuations furnished by an independent pricing service approved by the Trustees or dealers selected by Putnam Management. Such services or dealers determine valuations for normal institutional-size trading units of such securities using methods based on market transactions for comparable securities and various relationships, generally recognized by institutional traders, between securities (which consider such factors as prices, yields, maturities and ratings). These securities will generally be categorized as Level 2. | Market quotations are not considered to be readily available for certain debt obligations (including short-term investments with remaining maturities of 60 days or less); such investments are valued on the basis of valuations furnished by an independent pricing service approved by the Trustees or dealers selected by Putnam Management. Such services or dealers determine valuations for normal institutional-size trading units of such securities using methods based on market transactions for comparable securities and various relationships, generally recognized by institutional traders, between securities (which consider such factors as prices, yields, maturities and ratings). These securities will generally be categorized as Level 2. |
|  | Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management. Certain investments, including certain restricted and illiquid securities, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management. Certain investments, including certain restricted and illiquid securities, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management. Certain investments, including certain restricted and illiquid securities, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. |
|  | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security at a given point in time and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security at a given point in time and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security at a given point in time and does not reflect an actual market price, which may be different by a material amount. |
|  | **Credit default contracts:** The fund entered into OTC and/or centrally cleared credit default contracts to hedge credit risk, for gaining liquid exposure to individual names and to hedge market risk. | **Credit default contracts:** The fund entered into OTC and/or centrally cleared credit default contracts to hedge credit risk, for gaining liquid exposure to individual names and to hedge market risk. | **Credit default contracts:** The fund entered into OTC and/or centrally cleared credit default contracts to hedge credit risk, for gaining liquid exposure to individual names and to hedge market risk. |
|  | In OTC and centrally cleared credit default contracts, the protection buyer typically makes a periodic stream of payments to a counterparty, the protection seller, in exchange for the right to receive a contingent payment upon the occurrence of a credit event on the reference obligation or all other equally ranked obligations of the reference entity. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring and obligation acceleration. For OTC credit default contracts, an upfront payment received by the fund is recorded as a liability on the fund's books. An upfront payment made by the fund is recorded as an asset on the fund's books. Centrally cleared credit default contracts provide the same rights to the protection buyer and seller except the payments between parties, including upfront premiums, are settled through a central clearing agent through variation margin payments. Upfront and periodic payments received or paid by the fund for OTC and centrally cleared credit default contracts are recorded as realized gains or losses at the reset date or close of the contract. The OTC and centrally cleared credit default contracts are marked to market daily based upon quotations from an independent pricing service or market makers. Any change in value of OTC credit default contracts is recorded as an unrealized gain or loss. Daily fluctuations in the value of centrally cleared credit default contracts are recorded as unrealized gain or loss. Upon the occurrence of a credit event, the difference between the par value and fair value of the reference obligation, net of any proportional amount of the upfront payment, is recorded as a realized gain or loss. | In OTC and centrally cleared credit default contracts, the protection buyer typically makes a periodic stream of payments to a counterparty, the protection seller, in exchange for the right to receive a contingent payment upon the occurrence of a credit event on the reference obligation or all other equally ranked obligations of the reference entity. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring and obligation acceleration. For OTC credit default contracts, an upfront payment received by the fund is recorded as a liability on the fund's books. An upfront payment made by the fund is recorded as an asset on the fund's books. Centrally cleared credit default contracts provide the same rights to the protection buyer and seller except the payments between parties, including upfront premiums, are settled through a central clearing agent through variation margin payments. Upfront and periodic payments received or paid by the fund for OTC and centrally cleared credit default contracts are recorded as realized gains or losses at the reset date or close of the contract. The OTC and centrally cleared credit default contracts are marked to market daily based upon quotations from an independent pricing service or market makers. Any change in value of OTC credit default contracts is recorded as an unrealized gain or loss. Daily fluctuations in the value of centrally cleared credit default contracts are recorded as unrealized gain or loss. Upon the occurrence of a credit event, the difference between the par value and fair value of the reference obligation, net of any proportional amount of the upfront payment, is recorded as a realized gain or loss. | In OTC and centrally cleared credit default contracts, the protection buyer typically makes a periodic stream of payments to a counterparty, the protection seller, in exchange for the right to receive a contingent payment upon the occurrence of a credit event on the reference obligation or all other equally ranked obligations of the reference entity. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring and obligation acceleration. For OTC credit default contracts, an upfront payment received by the fund is recorded as a liability on the fund's books. An upfront payment made by the fund is recorded as an asset on the fund's books. Centrally cleared credit default contracts provide the same rights to the protection buyer and seller except the payments between parties, including upfront premiums, are settled through a central clearing agent through variation margin payments. Upfront and periodic payments received or paid by the fund for OTC and centrally cleared credit default contracts are recorded as realized gains or losses at the reset date or close of the contract. The OTC and centrally cleared credit default contracts are marked to market daily based upon quotations from an independent pricing service or market makers. Any change in value of OTC credit default contracts is recorded as an unrealized gain or loss. Daily fluctuations in the value of centrally cleared credit default contracts are recorded as unrealized gain or loss. Upon the occurrence of a credit event, the difference between the par value and fair value of the reference obligation, net of any proportional amount of the upfront payment, is recorded as a realized gain or loss. |
|  | In addition to bearing the risk that the credit event will occur, the fund could be exposed to market risk due to unfavorable changes in interest rates or in the price of the underlying security or index or the possibility that the fund may be unable to close out its position at the same time or at the same price as if it had purchased the underlying reference obligations. In certain circumstances, the fund may enter into offsetting OTC and centrally cleared credit default contracts which would mitigate its risk of loss. The fund's maximum risk of loss from counterparty risk, either as the protection seller or as the protection buyer, is the fair value of the contract. This risk may be mitigated for OTC credit default contracts by having a master netting arrangement between the fund and the counterparty and for centrally cleared credit default contracts through the daily exchange of variation margin. Counterparty risk is further mitigated with respect to centrally cleared credit default swap contracts due to the clearinghouse guarantee fund and other resources that are available in the event of a clearing member default. Where the fund is a seller of protection, the maximum potential amount of future payments the fund may be required to make is equal to the notional amount. | In addition to bearing the risk that the credit event will occur, the fund could be exposed to market risk due to unfavorable changes in interest rates or in the price of the underlying security or index or the possibility that the fund may be unable to close out its position at the same time or at the same price as if it had purchased the underlying reference obligations. In certain circumstances, the fund may enter into offsetting OTC and centrally cleared credit default contracts which would mitigate its risk of loss. The fund's maximum risk of loss from counterparty risk, either as the protection seller or as the protection buyer, is the fair value of the contract. This risk may be mitigated for OTC credit default contracts by having a master netting arrangement between the fund and the counterparty and for centrally cleared credit default contracts through the daily exchange of variation margin. Counterparty risk is further mitigated with respect to centrally cleared credit default swap contracts due to the clearinghouse guarantee fund and other resources that are available in the event of a clearing member default. Where the fund is a seller of protection, the maximum potential amount of future payments the fund may be required to make is equal to the notional amount. | In addition to bearing the risk that the credit event will occur, the fund could be exposed to market risk due to unfavorable changes in interest rates or in the price of the underlying security or index or the possibility that the fund may be unable to close out its position at the same time or at the same price as if it had purchased the underlying reference obligations. In certain circumstances, the fund may enter into offsetting OTC and centrally cleared credit default contracts which would mitigate its risk of loss. The fund's maximum risk of loss from counterparty risk, either as the protection seller or as the protection buyer, is the fair value of the contract. This risk may be mitigated for OTC credit default contracts by having a master netting arrangement between the fund and the counterparty and for centrally cleared credit default contracts through the daily exchange of variation margin. Counterparty risk is further mitigated with respect to centrally cleared credit default swap contracts due to the clearinghouse guarantee fund and other resources that are available in the event of a clearing member default. Where the fund is a seller of protection, the maximum potential amount of future payments the fund may be required to make is equal to the notional amount. |
|  | For the fund's average notional amount on credit default contracts, see the appropriate table at the end of these footnotes. | For the fund's average notional amount on credit default contracts, see the appropriate table at the end of these footnotes. | For the fund's average notional amount on credit default contracts, see the appropriate table at the end of these footnotes. |

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| | | | |
|:---|:---|:---|:---|
| ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. |
| The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: |
|  | **Valuation inputs** | **Valuation inputs** | **Valuation inputs** |
| **Investments in securities:** | **Level 1** | **Level 2** | **Level 3** |
| **Common stocks\*:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Utilities and power | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$136661 | &nbsp;&nbsp;&nbsp;&nbsp;$— |
| **Total common stocks** | **—** | **136661** | **—** |
| Corporate bonds and notes |  | 33991670 |  |
| Senior loans |  | 322979960 |  |
| Short-term investments |  | 20398682 |  |
| **Totals by level** | **$—** | **$377506973** | **$—** |
|  | **Valuation inputs** | **Valuation inputs** | **Valuation inputs** |
| **Other financial instruments:** | **Level 1** | **Level 2** | **Level 3** |
| Credit default contracts | $— | $241250 | $— |
| **Totals by level** | **$—** | **$241250** | **$—** |
| \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. |
| The volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was based on an average of the holdings of that derivative at the end of each fiscal quarter in the reporting period: | The volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was based on an average of the holdings of that derivative at the end of each fiscal quarter in the reporting period: | The volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was based on an average of the holdings of that derivative at the end of each fiscal quarter in the reporting period: | The volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was based on an average of the holdings of that derivative at the end of each fiscal quarter in the reporting period: |
| &nbsp;&nbsp;&nbsp;&nbsp;Centrally cleared credit default contracts (notional) | $9900000 |  |  |
| For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Funds Trust

- **b. Investment Company Act file number:** 811-07513

- **c. CIK number of Registrant:** 0001005942

- **d. LEI of Registrant:** 549300S9JYWEMKQCLW53

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

  - **Street Address 1:** 100 FEDERAL STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 1-800-225-1581

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

- **a. Name of Series:** Putnam Floating Rate Income Fund

- **b. EDGAR series identifier (if any):** S000000773

- **c. LEI of Series:** 4QPXMF8KPJY34ZN06K78

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $393207639.19

**Total Liabilities:** $5642868.43

**Net Assets:** $387564770.76

**Cash Not Reported:** $5810785.05

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 38.55 | **1-Year:** 931.33 | **5-Year:** 4748.81 | **10-Year:** 1268.93 | **30-Year:** 565.03

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

- **3-Month:** 865.56 | **1-Year:** 20086.37 | **5-Year:** 86413.41 | **10-Year:** 9165.58 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002279 | 1.40%                | 1.10%                | -2.40%               |
| Class ID C000002278 | 1.58%                | 1.14%                | -2.48%               |
| Class ID C000002283 | 1.46%                | 1.16%                | -2.33%               |
| Class ID C000002281 | 1.57%                | 1.14%                | -2.48%               |
| Class ID C000002282 | 1.62%                | 1.18%                | -2.44%               |
| Class ID C000203062 | 1.62%                | 1.19%                | -2.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-977220.21              | $4606172.81                                |
| Month 2  | $-22661.35               | $2338794.87                                |
| Month 3  | $-323551.19              | $-11435259.27                              |

### Schedule of Portfolio Investments

| Name                                                          | Title                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALTICE FRANCE SA/FRANCE                                       | BANK LOAN NOTE                   | CUSIP: 67053NAK0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1561270 | PA      | $1494916.42   | 0.39%             | 2025-07-31      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| BWAY CORP                                                     | BANK LOAN NOTE                   | CUSIP: 05604XAP1<br>LEI: 549300RY13CUZRBP7216 | Long             | DBT              | CORP              | US        |   2426174 | PA      | $2351884.85   | 0.61%             | 2024-04-03      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                 | BANK LOAN NOTE                   | CUSIP: 10524MAN7<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |   2360467 | PA      | $2076361.39   | 0.54%             | 2024-06-21      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| WERNER FINCO LP                                               | BANK LOAN NOTE                   | CUSIP: 95075EAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1595926 | PA      | $1380475.85   | 0.36%             | 2024-07-24      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| CAESARS RESORT COLLECTION LLC                                 | BANK LOAN NOTE                   | CUSIP: 12769LAB5<br>LEI: 549300V3UCT773B1KR38 | Long             | DBT              | CORP              | US        |   2272902 | PA      | $2255650.29   | 0.58%             | 2024-09-28      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| CALPINE CONSTRUCTION FINANCE CO LP                            | BANK LOAN NOTE                   | CUSIP: 13134NAG6<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | DBT              | CORP              | US        |   1536478 | PA      | $1522649.71   | 0.39%             | 2025-01-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| ROBERTSHAW US HOLDING CORP                                    | BANK LOAN NOTE                   | CUSIP: 77051UAH2<br>LEI: 549300NMXRV2JIXFIY04 | Long             | DBT              | CORP              | US        |   1427000 | PA      | $832411.91    | 0.21%             | 2026-02-28      | Floating      | 12.12%                | No            |                  2 | On Loan: No      |
| FILTRATION GROUP CORP                                         | BANK LOAN NOTE                   | CUSIP: 31732FAM8<br>LEI: 549300ZA0D9WN5ECE978 | Long             | DBT              | CORP              | US        |   1393755 | PA      | $1374075.14   | 0.35%             | 2025-03-27      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                         | BANK LOAN NOTE                   | CUSIP: 44332EAP1<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   2411353 | PA      | $2363825.37   | 0.61%             | 2025-04-25      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                             | BANK LOAN NOTE                   | CUSIP: 01881UAE5<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   1890595 | PA      | $1852480.52   | 0.48%             | 2025-04-27      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| STARS GROUP HOLDINGS BV                                       | BANK LOAN NOTE                   | CUSIP: N8233BAC6<br>LEI: 549300RNFXC8F8RT6R13 | Long             | DBT              | CORP              | NL        |   1911252 | PA      | $1885239.57   | 0.49%             | 2026-07-21      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| NOURYON USA LLC                                               | BANK LOAN NOTE                   | CUSIP: N8232NAB3<br>LEI: 549300K7VB5G6LULFT41 | Long             | DBT              | CORP              | US        |   1141173 | PA      | $1110931.64   | 0.29%             | 2025-10-01      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| MESSER INDUSTRIES USA INC                                     | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 529900HNC1EZT3TC1260       | Long             | DBT              | CORP              | US        |   2402441 | PA      | $2364410.18   | 0.61%             | 2026-03-02      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| BCPE ROVER MERGER SUB INC                                     | BANK LOAN NOTE                   | CUSIP: 77313DAN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2895000 | PA      | $2786437.50   | 0.72%             | 2025-11-28      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| DUN  AND  BRADSTREET CORP/THE                                 | BANK LOAN NOTE                   | CUSIP: 26483NAN0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | DBT              | CORP              | US        |   1844494 | PA      | $1817748.75   | 0.47%             | 2026-02-01      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                                                 | BANK LOAN NOTE                   | CUSIP: 20337EAQ4<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   1502406 | PA      | $1441844.03   | 0.37%             | 2026-02-07      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ECI ACQUIROR LP                                       | BANK LOAN NOTE                   | CUSIP: 73955HAB0<br>LEI: 549300EXIECHUG4F3335 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1932820.00   | 0.50%             | 2026-03-11      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                       | BANK LOAN NOTE                   | CUSIP: 90385KAB7<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1887464.80   | 0.49%             | 2026-04-05      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                   | BANK LOAN NOTE                   | CUSIP: 855031AQ3<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   1004190 | PA      | $893829.49    | 0.23%             | 2026-04-09      | Floating      | 9.44%                 | No            |                  2 | On Loan: No      |
| TAMKO BUILDING PRODUCTS LLC                                   | BANK LOAN NOTE                   | CUSIP: 87510EAB5<br>LEI: 5493003VQCGZ0AORLH30 | Long             | DBT              | CORP              | US        |   3036420 | PA      | $2930144.93   | 0.76%             | 2026-05-03      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HOLDINGS INC                                | BANK LOAN NOTE                   | CUSIP: 00164DAQ6<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |   3115918 | PA      | $1730456.08   | 0.45%             | 2026-04-22      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                            | BANK LOAN NOTE                   | CUSIP: 18452RAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2378906 | PA      | $2171822.00   | 0.56%             | 2026-08-21      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| AZALEA TOPCO INC                                              | BANK LOAN NOTE                   | CUSIP: 29102TAB8<br>LEI: 549300HC42NZULO53062 | Long             | DBT              | CORP              | US        |   1488491 | PA      | $1374993.60   | 0.35%             | 2026-07-24      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| GRIFOLS WORLDWIDE OPERATIONS USA INC                          | BANK LOAN NOTE                   | CUSIP: 39843PAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2300151 | PA      | $2225074.46   | 0.57%             | 2027-11-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| FOREST CITY ENTERPRISES LP                                    | BANK LOAN NOTE                   | CUSIP: 34555QAF7<br>LEI: 54930078MCT017XXRD21 | Long             | DBT              | CORP              | US        |   1776228 | PA      | $1745144.24   | 0.45%             | 2025-12-07      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| AUDACY CAPITAL CORP                                           | BANK LOAN NOTE                   | CUSIP: 12506KAE9<br>LEI: 549300S5JUSXRHNCHD80 | Long             | DBT              | CORP              | US        |   1284716 | PA      | $947208.59    | 0.24%             | 2024-11-17      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                                              | BANK LOAN NOTE                   | CUSIP: 44988LAF4<br>LEI: 549300HVW4WNWYBXN830 | Long             | DBT              | CORP              | US        |   2116603 | PA      | $2076535.66   | 0.54%             | 2025-02-05      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                      | BANK LOAN NOTE                   | CUSIP: 45174UAF5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   1472582 | PA      | $1377658.92   | 0.36%             | 2026-05-01      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                         | BANK LOAN NOTE                   | CUSIP: 74839XAF6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1524133 | PA      | $1495006.83   | 0.39%             | 2027-02-01      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                 | BANK LOAN NOTE                   | CUSIP: 89364MBQ6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1556340 | PA      | $1533104.32   | 0.40%             | 2025-05-30      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                 | BANK LOAN NOTE                   | CUSIP: 89364MBR4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    467108 | PA      | $459662.65    | 0.12%             | 2025-12-09      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BANIJAY GROUP US HOLDING INC                                  | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 5493008PW5N0VVCH7279       | Long             | DBT              | CORP              | FR        |    956330 | PA      | $947962.23    | 0.24%             | 2025-03-01      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                                      | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300SHPNDCE059M934       | Long             | DBT              | CORP              | US        |   1885451 | PA      | $1822119.03   | 0.47%             | 2027-02-04      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| PATRIOT CONTAINER CORP                                        | BANK LOAN NOTE                   | CUSIP: 40435YAB2<br>LEI: 549300V4U8NYJ3YQD526 | Long             | DBT              | CORP              | US        |    486005 | PA      | $414090.92    | 0.11%             | 2025-03-20      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                  | BANK LOAN NOTE                   | CUSIP: 00488PAL9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   1880711 | PA      | $1757448.87   | 0.45%             | 2027-02-15      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS  AND  ELECTRIC CO                                 | BANK LOAN NOTE                   | CUSIP: 69338CAH4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1466250 | PA      | $1442115.53   | 0.37%             | 2025-06-23      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                                  | BANK LOAN NOTE                   | CUSIP: 45567YAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2078734 | PA      | $2020280.17   | 0.52%             | 2024-09-15      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORP                                          | BANK LOAN NOTE                   | CUSIP: 29426NAN4<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | DBT              | CORP              | US        |   1845986 | PA      | $1780601.39   | 0.46%             | 2027-07-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORP                                          | BANK LOAN NOTE                   | CUSIP: 29426NAQ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | DBT              | CORP              | US        |    855000 | PA      | $843243.75    | 0.22%             | 2028-07-30      | Floating      | 11.82%                | No            |                  2 | On Loan: No      |
| SKYMILES IP LTD                                               | BANK LOAN NOTE                   | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013250.00   | 0.26%             | 2027-09-16      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE INC                                   | BANK LOAN NOTE                   | CUSIP: 00169QAF6<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |   1813459 | PA      | $1433539.09   | 0.37%             | 2025-10-02      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| GENESYS CLOUD SERVICES HOLDINGS II LLC                        | BANK LOAN NOTE                   | CUSIP: 39479UAQ6<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | DBT              | CORP              | US        |   2505375 | PA      | $2428660.42   | 0.63%             | 2027-12-01      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                           | BANK LOAN NOTE                   | CUSIP: 50179JAB4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   2795011 | PA      | $2398622.33   | 0.62%             | 2027-12-17      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                   | BANK LOAN NOTE                   | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   2410322 | PA      | $2105006.84   | 0.54%             | 2026-12-23      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                       | BANK LOAN NOTE                   | CUSIP: 70082HAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    984992 | PA      | $853249.37    | 0.22%             | 2027-12-28      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                            | BANK LOAN NOTE                   | CUSIP: 12658HAG7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   2115182 | PA      | $1858715.90   | 0.48%             | 2027-11-23      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORP                                                | BANK LOAN NOTE                   | CUSIP: 88145LAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1611210 | PA      | $1494397.00   | 0.39%             | 2026-12-17      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC                                                  | BANK LOAN NOTE                   | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2567500 | PA      | $2463875.70   | 0.64%             | 2028-01-29      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| ADVISOR GROUP HOLDINGS INC                                    | BANK LOAN NOTE                   | CUSIP: 00775KAE8<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   2698380 | PA      | $2620504.50   | 0.68%             | 2026-07-31      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| KLOCKNER-PENTAPLAST OF AMERICA INC                            | BANK LOAN NOTE                   | CUSIP: 49865NAT7<br>LEI: 5299004QDA11QZOG5N31 | Long             | DBT              | CORP              | US        |   1497057 | PA      | $1329266.43   | 0.34%             | 2026-02-04      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| GRANITE US HOLDINGS CORP                                      | BANK LOAN NOTE                   | CUSIP: 38740TAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1415863 | PA      | $1410553.63   | 0.36%             | 2026-09-30      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                                           | BANK LOAN NOTE                   | CUSIP: 05988HAE7<br>LEI: 5493006T045HLTF7YX04 | Long             | DBT              | CORP              | US        |   2405606 | PA      | $2304281.44   | 0.59%             | 2025-10-02      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| REALPAGE INC                                                  | BANK LOAN NOTE                   | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | DBT              | CORP              | US        |   2992443 | PA      | $2859668.61   | 0.74%             | 2028-04-22      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING CO INC                                       | BANK LOAN NOTE                   | CUSIP: 38469EAD5<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |   1640442 | PA      | $1601481.86   | 0.41%             | 2027-08-04      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| JOURNEY PERSONAL CARE CORP                                    | BANK LOAN NOTE                   | CUSIP: 48114NAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1412125.01   | 0.36%             | 2028-02-19      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                              | BANK LOAN NOTE                   | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |   2784163 | PA      | $2526043.53   | 0.65%             | 2027-12-06      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| ZOOMINFO LLC                                                  | BANK LOAN NOTE                   | CUSIP: 25471YAK8<br>LEI: 549300XF0FRWD2286I33 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1981260.00   | 0.51%             | 2026-02-02      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                             | BANK LOAN NOTE                   | CUSIP: C8000CAG8<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | US        |   2579175 | PA      | $2534581.51   | 0.65%             | 2026-04-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH  AND  WELLNESS CO INC                            | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 2549007TYGV6RVSE9M61       | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1906802.40   | 0.49%             | 2028-03-04      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORP                                             | BANK LOAN NOTE                   | CUSIP: 92537EAC2<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   3197607 | PA      | $3113669.61   | 0.80%             | 2027-03-02      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| HARSCO CORP                                                   | BANK LOAN NOTE                   | CUSIP: 41587CAR9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1828119.25   | 0.47%             | 2028-03-05      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                         | BANK LOAN NOTE                   | CUSIP: 02376CBJ3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   2295000 | PA      | $2279026.80   | 0.59%             | 2028-04-20      | Floating      | 8.99%                 | No            |                  2 | On Loan: No      |
| APOLLO COMMERCIAL REAL ESTATE FINANCE INC                     | BANK LOAN NOTE                   | CUSIP: 03768DAC1<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              | CORP              | US        |   1428250 | PA      | $1328272.50   | 0.34%             | 2028-03-11      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY CORP                                     | BANK LOAN NOTE                   | CUSIP: C4000KAD6<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   3114604 | PA      | $2984568.92   | 0.77%             | 2026-10-30      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| AMERICAN TRAILER WORLD CORP                                   | BANK LOAN NOTE                   | CUSIP: 03028BAB3<br>LEI: 254900WNYWX3HF6TKT69 | Long             | DBT              | CORP              | US        |   1360850 | PA      | $1215415.51   | 0.31%             | 2028-03-03      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING CO LLC                                     | BANK LOAN NOTE                   | CUSIP: 38017BAQ9<br>LEI: 5493005GJOH8HLL11157 | Long             | DBT              | CORP              | US        |   1989822 | PA      | $1969923.66   | 0.51%             | 2027-08-10      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| IGT HOLDING IV AB                                             | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300S0NZ6VQU5JU607       | Long             | DBT              | CORP              | SE        |   3004250 | PA      | $2936654.38   | 0.76%             | 2028-03-31      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS INC                               | BANK LOAN NOTE                   | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |   2895406 | PA      | $2568311.54   | 0.66%             | 2028-04-12      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                              | BANK LOAN NOTE                   | CUSIP: 04009DAB0<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |   1591558 | PA      | $1544208.69   | 0.40%             | 2025-10-01      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| INGRAM MICRO INC                                              | BANK LOAN NOTE                   | CUSIP: 45258FAB6<br>LEI: 549300KJMEWPKRQZHX63 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1943518.50   | 0.50%             | 2028-04-01      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| ADIENT US LLC                                                 | BANK LOAN NOTE                   | CUSIP: 00687MAC5<br>LEI: 213800SOTRCDGZUHL712 | Long             | DBT              | CORP              | US        |   2603664 | PA      | $2567863.94   | 0.66%             | 2028-04-01      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| ORGANON  AND  CO                                              | BANK LOAN NOTE                   | CUSIP: 68621XAE3<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   2792500 | PA      | $2761782.50   | 0.71%             | 2028-04-08      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| ONE CALL CORP                                                 | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300WUCCV86ZQHG041       | Long             | DBT              | CORP              | US        |   1371904 | PA      | $1039217.02   | 0.27%             | 2027-04-22      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS CORP                                  | BANK LOAN NOTE                   | CUSIP: 35906EAQ3<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   2271935 | PA      | $2177081.41   | 0.56%             | 2027-10-08      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                           | BANK LOAN NOTE                   | CUSIP: 90932RAJ3<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2319625 | PA      | $2287312.88   | 0.59%             | 2028-04-21      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                        | BANK LOAN NOTE                   | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2139374 | PA      | $2055146.37   | 0.53%             | 2027-03-16      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| SIGNAL PARENT INC                                             | BANK LOAN NOTE                   | CUSIP: 82666KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1248476.50   | 0.32%             | 2028-04-03      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| WATLOW ELECTRIC MANUFACTURING CO                              | BANK LOAN NOTE                   | CUSIP: 94254PAC4<br>LEI: 54930089QP6NQUHLU558 | Long             | DBT              | CORP              | US        |   2472374 | PA      | $2378622.06   | 0.61%             | 2028-03-02      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| JAZZ FINANCING LUX SARL                                       | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 635400WUEO2NSG5OIU34       | Long             | DBT              | CORP              | LU        |   2538569 | PA      | $2516356.08   | 0.65%             | 2028-05-05      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| AHEAD DB HOLDINGS LLC                                         | BANK LOAN NOTE                   | CUSIP: 00866HAF2<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |   2269555 | PA      | $2211862.53   | 0.57%             | 2027-10-16      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| INSULET CORP                                                  | BANK LOAN NOTE                   | CUSIP: 45784QAB5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1939213.00   | 0.50%             | 2028-05-04      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| HERENS US HOLDCO CORP                                         | BANK LOAN NOTE                   | CUSIP: L4780EAC8<br>LEI: 549300Y0CIXN5D40L888 | Long             | DBT              | CORP              | US        |   2146654 | PA      | $1966334.67   | 0.51%             | 2028-04-30      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| ATLAS CC ACQUISITION CORP                                     | BANK LOAN NOTE                   | CUSIP: 04921TAB0<br>LEI: 254900CGI6DL79P2CL43 | Long             | DBT              | CORP              | US        |   1641197 | PA      | $1410067.38   | 0.36%             | 2028-04-29      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                   | BANK LOAN NOTE                   | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   1984975 | PA      | $1873776.59   | 0.48%             | 2028-05-05      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| GREYSTONE SELECT FINANCIAL LLC                                | BANK LOAN NOTE                   | CUSIP: 39808KAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1472308 | PA      | $1387650.03   | 0.36%             | 2028-05-06      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV LLC                                    | BANK LOAN NOTE                   | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |   2626750 | PA      | $2469696.62   | 0.64%             | 2028-06-01      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| ATLAS CC ACQUISITION CORP                                     | BANK LOAN NOTE                   | CUSIP: 04921TAC8<br>LEI: 254900CGI6DL79P2CL43 | Long             | DBT              | CORP              | US        |    333803 | PA      | $286793.37    | 0.07%             | 2028-04-29      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                                   | BANK LOAN NOTE                   | CUSIP: 86880NAX1<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   3144387 | PA      | $3081499.02   | 0.80%             | 2026-08-31      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC                                          | BANK LOAN NOTE                   | CUSIP: 78466YAN8<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |   1984925 | PA      | $1903046.47   | 0.49%             | 2028-05-20      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| FIRST OPPORTUNITY FUND LTD                                    | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | AU        |   1980000 | PA      | $1914422.40   | 0.49%             | 2028-07-20      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP                                                 | BANK LOAN NOTE                   | CUSIP: 12657QAB9<br>LEI: 549300LPL012JY5D4B69 | Long             | DBT              | CORP              | US        |   2947688 | PA      | $2905682.95   | 0.75%             | 2028-05-27      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC                                             | BANK LOAN NOTE                   | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | DBT              | CORP              | US        |   2262125 | PA      | $2062062.77   | 0.53%             | 2028-06-03      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| ADEIA INC                                                     | BANK LOAN NOTE                   | CUSIP: 98422BAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1809374.97   | 0.47%             | 2028-06-08      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                                | BANK LOAN NOTE                   | CUSIP: 74345HAB7<br>LEI: 529900C5FODDK0WSR085 | Long             | DBT              | CORP              | US        |   2686678 | PA      | $2581735.97   | 0.67%             | 2028-06-09      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| CORE  AND  MAIN LP                                            | BANK LOAN NOTE                   | CUSIP: 40416VAE5<br>LEI: 549300ZSLF8Q660SCD17 | Long             | DBT              | CORP              | US        |   1480013 | PA      | $1454112.30   | 0.38%             | 2028-06-10      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                         | BANK LOAN NOTE                   | CUSIP: 74839XAG4<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    995000 | PA      | $978831.25    | 0.25%             | 2028-06-11      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                                | BANK LOAN NOTE                   | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   1661812 | PA      | $1619569.03   | 0.42%             | 2028-06-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                                | BANK LOAN NOTE                   | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    317152 | PA      | $309090.09    | 0.08%             | 2028-06-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| PREGIS TOPCO LLC                                              | BANK LOAN NOTE                   | CUSIP: 74045BAE7<br>LEI: 549300LJXHJYHS1GM034 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1418175.00   | 0.37%             | 2026-08-01      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                               | BANK LOAN NOTE                   | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   2962500 | PA      | $2808835.13   | 0.72%             | 2028-06-15      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| ICON LUXEMBOURG SARL                                          | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 635400PUWMHSPI2DDA35       | Long             | DBT              | CORP              | LU        |   1149965 | PA      | $1143559.42   | 0.30%             | 2028-07-01      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| INDIGO MERGER SUB INC                                         | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    286514 | PA      | $284918.53    | 0.07%             | 2028-07-01      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| RAPTOR ACQUISITION CORP                                       | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300T1YPGZ35J6JU13       | Long             | DBT              | CORP              | US        |   1496250 | PA      | $1464454.69   | 0.38%             | 2026-11-01      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| OSMOSIS DEBT MERGER SUB INC                                   | BANK LOAN NOTE                   | CUSIP: 00132UAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1995000 | PA      | $1891918.34   | 0.49%             | 2028-07-30      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| TENABLE INC                                                   | BANK LOAN NOTE                   | CUSIP: 88025XAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    496250 | PA      | $481362.50    | 0.12%             | 2028-07-07      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                  | BANK LOAN NOTE                   | CUSIP: 914908BC1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1587439 | PA      | $1557674.43   | 0.40%             | 2026-03-24      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                                          | BANK LOAN NOTE                   | CUSIP: 15134NAF3<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | DBT              | CORP              | US        |   2205506 | PA      | $2021345.83   | 0.52%             | 2026-06-29      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| KKR APPLE BIDCO LLC                                           | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 2549001SCJD3WEYJFM53       | Long             | DBT              | CORP              | US        |    750000 | PA      | $718500.00    | 0.19%             | 2029-09-23      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                              | BANK LOAN NOTE                   | CUSIP: 03234TAW8<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   1481167 | PA      | $1449188.31   | 0.37%             | 2028-02-19      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                   | BANK LOAN NOTE                   | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   1138000 | PA      | $871514.54    | 0.22%             | 2029-01-30      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| MAV ACQUISITION CORP                                          | BANK LOAN NOTE                   | CUSIP: 58063DAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2472513 | PA      | $2357540.73   | 0.61%             | 2028-07-30      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                         | BANK LOAN NOTE                   | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3185000 | PA      | $3046006.60   | 0.79%             | 2027-07-22      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| ROUGH COUNTRY LLC                                             | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300ULXHJ9CR0QDU59       | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1838725.00   | 0.47%             | 2028-07-29      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                  | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300R0Z1Q47XRTGO22       | Long             | DBT              | CORP              | US        |    990000 | PA      | $933075.00    | 0.24%             | 2027-02-15      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| COGECO FINANCING 2 LP                                         | BANK LOAN NOTE                   | CUSIP: 19239PAD9<br>LEI: 5493002JZGWJIUQ60C59 | Long             | DBT              | CORP              | US        |   1769834 | PA      | $1690934.76   | 0.44%             | 2028-07-28      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| SOVOS COMPLIANCE LLC                                          | BANK LOAN NOTE                   | CUSIP: 84611YAB6<br>LEI: 549300M9XYG5WP2QHH07 | Long             | DBT              | CORP              | US        |   2064340 | PA      | $2008004.22   | 0.52%             | 2028-08-12      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| BALLY'S CORP                                                  | BANK LOAN NOTE                   | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | DBT              | CORP              | US        |   2481250 | PA      | $2355475.44   | 0.61%             | 2028-08-06      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| GEON PERFORMANCE SOLUTIONS LLC                                | BANK LOAN NOTE                   | CUSIP: 37254YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    990000 | PA      | $956587.50    | 0.25%             | 2028-08-20      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| PHOENIX NEWCO INC                                             | BANK LOAN NOTE                   | CUSIP: 71911KAC8<br>LEI: 254900PHGVI5379Z9791 | Long             | DBT              | CORP              | US        |   2985000 | PA      | $2866734.30   | 0.74%             | 2028-08-11      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDINGS LLC                                         | BANK LOAN NOTE                   | CUSIP: 92943HAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    997487 | PA      | $977537.69    | 0.25%             | 2028-09-22      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| PRO MACH GROUP INC                                            | BANK LOAN NOTE                   | CUSIP: 74273JAE3<br>LEI: 5493008SZGSVUCSNB151 | Long             | DBT              | CORP              | US        |   2978338 | PA      | $2905130.43   | 0.75%             | 2028-08-13      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| DIAMOND BC BV                                                 | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300SWLHWJF3D4N658       | Long             | DBT              | CORP              | NL        |   1985000 | PA      | $1914453.10   | 0.49%             | 2028-09-14      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| REYNOLDS GROUP HOLDINGS INC                                   | BANK LOAN NOTE                   | CUSIP: 76173FAY3<br>LEI: 5493002QNV81KCX40V06 | Long             | DBT              | CORP              | US        |    995000 | PA      | $979298.90    | 0.25%             | 2028-09-20      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                 | BANK LOAN NOTE                   | CUSIP: 68163YAB1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1482519 | PA      | $1415805.48   | 0.37%             | 2028-09-21      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| GIP II BLUE HOLDING LP                                        | BANK LOAN NOTE                   | CUSIP: 31575AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1961919 | PA      | $1943928.42   | 0.50%             | 2028-09-22      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| LMI INC/DE                                                    | BANK LOAN NOTE                   | CUSIP: 57165KAB2<br>LEI: 549300TP5NEG85CHPU59 | Long             | DBT              | CORP              | US        |   1980000 | PA      | $1181406.60   | 0.30%             | 2028-09-30      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| CONNECTWISE LLC                                               | BANK LOAN NOTE                   | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    992500 | PA      | $951311.25    | 0.25%             | 2028-09-30      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| LSF11 A5 HOLDCO LLC                                           | BANK LOAN NOTE                   | CUSIP: 50216YAB6<br>LEI: 254900FPK7P5WNA66Y10 | Long             | DBT              | CORP              | US        |     23880 | PA      | $23069.04     | 0.01%             | 2028-09-30      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| ORYX MIDSTREAM SERVICES PERMIAN BASIN LLC                     | BANK LOAN NOTE                   | CUSIP: 68764JAB7<br>LEI: 254900YYHRDANYFAHC43 | Long             | DBT              | CORP              | US        |   2481198 | PA      | $2446039.75   | 0.63%             | 2028-09-29      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                           | BANK LOAN NOTE                   | CUSIP: 58503UAC7<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2985000 | PA      | $2831600.85   | 0.73%             | 2028-09-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| MIRION TECHNOLOGIES US INC                                    | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300EBD5JHM14L3R48       | Long             | DBT              | CORP              | US        |   1985000 | PA      | $1944883.15   | 0.50%             | 2028-10-20      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                              | BANK LOAN NOTE                   | CUSIP: 00186XAJ2<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |   1972679 | PA      | $1950485.94   | 0.50%             | 2028-10-07      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| OT MERGER CORP                                                | BANK LOAN NOTE                   | CUSIP: 00217HAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    988258 | PA      | $810371.15    | 0.21%             | 2028-10-07      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                 | BANK LOAN NOTE                   | CUSIP: P2121YAS7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |   1985000 | PA      | $1860103.80   | 0.48%             | 2028-10-08      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| MEDALLION MIDLAND ACQUISITION LP                              | BANK LOAN NOTE                   | CUSIP: 58404BAD7<br>LEI: 549300QCYU94ZA2ELG48 | Long             | DBT              | CORP              | US        |   1989975 | PA      | $1966353.94   | 0.51%             | 2028-10-18      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| FILTRATION GROUP CORP                                         | BANK LOAN NOTE                   | CUSIP: 31732FAR7<br>LEI: 549300ZA0D9WN5ECE978 | Long             | DBT              | CORP              | US        |   2482462 | PA      | $2416056.45   | 0.62%             | 2028-10-19      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                                 | BANK LOAN NOTE                   | CUSIP: 03835EAF1<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   1634500 | PA      | $1530300.63   | 0.39%             | 2028-10-21      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| IVANTI SOFTWARE INC                                           | BANK LOAN NOTE                   | CUSIP: 46583DAG4<br>LEI: 254900GHAXAYKWDX9F60 | Long             | DBT              | CORP              | US        |   1980050 | PA      | $1515985.68   | 0.39%             | 2027-12-01      | Floating      | 9.01%                 | No            |                  2 | On Loan: No      |
| CHARIOT BUYER LLC                                             | BANK LOAN NOTE                   | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | DBT              | CORP              | US        |   2977500 | PA      | $2783039.48   | 0.72%             | 2028-10-22      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| PECF USS INTERMEDIATE HOLDING III CORP                        | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 254900DIL842DEXPYJ91       | Long             | DBT              | CORP              | US        |   2662375 | PA      | $2147658.07   | 0.55%             | 2028-12-17      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| EINSTEIN MERGER SUB INC                                       | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1492500 | PA      | $1370861.25   | 0.35%             | 2028-11-04      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| VISION SOLUTIONS INC                                          | BANK LOAN NOTE                   | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1870000 | PA      | $1535737.50   | 0.40%             | 2028-04-24      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| ALTAR BIDCO INC                                               | BANK LOAN NOTE                   | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1995000 | PA      | $1880287.50   | 0.49%             | 2028-11-17      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| ALTAR BIDCO INC                                               | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1252500.00   | 0.32%             | 2029-11-17      | Floating      | 10.51%                | No            |                  2 | On Loan: No      |
| UKG INC                                                       | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 529900FKHWSTQ1GXK240       | Long             | DBT              | CORP              | US        |   1351066 | PA      | $1303211.44   | 0.34%             | 2026-05-03      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                       | BANK LOAN NOTE                   | CUSIP: 90385KAJ0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    995000 | PA      | $910425.00    | 0.23%             | 2027-05-03      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                                           | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300T466HKRLVCD610       | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1033950.00   | 0.27%             | 2029-11-18      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                                           | BANK LOAN NOTE                   | CUSIP: 04349HAK0<br>LEI: 549300T466HKRLVCD610 | Long             | DBT              | CORP              | US        |   2007387 | PA      | $1896418.84   | 0.49%             | 2028-11-18      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP LLC                                      | BANK LOAN NOTE                   | CUSIP: 07014QAN1<br>LEI: 549300IYLDI2E8I2AU46 | Long             | DBT              | CORP              | US        |   2956437 | PA      | $2837440.87   | 0.73%             | 2028-03-05      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                                        | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: EFWMP121W54QV9MGOP87       | Long             | DBT              | CORP              | US        |   1985000 | PA      | $1957706.25   | 0.51%             | 2027-06-08      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC/NV                                 | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 984500A0805D8V551D35       | Long             | DBT              | CORP              | US        |   2242271 | PA      | $2135247.10   | 0.55%             | 2029-01-12      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| ALLEN MEDIA LLC                                               | BANK LOAN NOTE                   | CUSIP: 01771JAG8<br>LEI: 549300ERNJNM4RN5JP79 | Long             | DBT              | CORP              | US        |   1481032 | PA      | $1226013.38   | 0.32%             | 2027-02-10      | Floating      | 9.20%                 | No            |                  2 | On Loan: No      |
| AG GROUP HOLDINGS INC                                         | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    995000 | PA      | $965150.00    | 0.25%             | 2028-12-29      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| NAKED JUICE LLC                                               | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300Y5TU1XQ1KVLJ64       | Long             | DBT              | CORP              | US        |    500000 | PA      | $434375.00    | 0.11%             | 2030-01-24      | Floating      | 9.65%                 | No            |                  2 | On Loan: No      |
| BENGAL DEBT MERGER SUB LLC                                    | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1995000 | PA      | $1875300.00   | 0.48%             | 2029-01-20      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| QUASAR INTERMEDIATE HOLDINGS LTD                              | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    997500 | PA      | $754050.15    | 0.19%             | 2029-01-20      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| TEMPO ACQUISITION LLC                                         | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300VV0B2RPMHQGA61       | Long             | DBT              | CORP              | US        |   2568931 | PA      | $2546453.11   | 0.66%             | 2028-08-31      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                     | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300B0J6YCXD63OG72       | Long             | DBT              | CORP              | US        |   1496062 | PA      | $1441830.23   | 0.37%             | 2029-02-20      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                         | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: B3BS7ACMDUWISF18KY76       | Long             | DBT              | CORP              | US        |    987500 | PA      | $732804.00    | 0.19%             | 2027-01-27      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH INC                                              | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 5493004JZ4RQIZBHP241       | Long             | DBT              | CORP              | US        |    289855 | PA      | $264057.97    | 0.07%             | 2029-01-27      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH INC                                              | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 5493004JZ4RQIZBHP241       | Long             | DBT              | CORP              | US        |   1705870 | PA      | $1554047.18   | 0.40%             | 2029-01-27      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                               | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: YF6ZV0M6AU4FY94MK914       | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1964160.00   | 0.51%             | 2029-09-12      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| PHYSICIAN PARTNERS LLC                                        | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    497500 | PA      | $476669.68    | 0.12%             | 2029-02-01      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                           | BANK LOAN NOTE                   | CUSIP: 96350TAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2356642 | PA      | $2266218.06   | 0.58%             | 2027-10-19      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| VIBRANTZ TECHNOLOGIES INC                                     | BANK LOAN NOTE                   | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1256595.00   | 0.32%             | 2029-02-02      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| CONDOR MERGER SUB INC                                         | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 254900SAGUYT3MBUU161       | Long             | DBT              | CORP              | US        |   2493750 | PA      | $2364399.19   | 0.61%             | 2029-02-02      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                  | BANK LOAN NOTE                   | CUSIP: 80875CAB3<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2861250.00   | 0.74%             | 2029-04-04      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| MI WINDOWS AND DOORS INC                                      | BANK LOAN NOTE                   | CUSIP: 55336CAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1989975 | PA      | $1957637.85   | 0.51%             | 2027-12-18      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| PEDIATRIC ASSOCIATES HOLDING CO LLC                           | BANK LOAN NOTE                   | CUSIP: 70533DAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    262501 | PA      | $250360.16    | 0.06%             | 2029-02-08      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| PEDIATRIC ASSOCIATES HOLDING CO LLC                           | BANK LOAN NOTE                   | CUSIP: 70533DAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1728158 | PA      | $1648230.58   | 0.43%             | 2029-02-08      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| HUNTER DOUGLAS INC                                            | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 529900811T142NS3H544       | Long             | DBT              | CORP              | US        |   2992500 | PA      | $2605090.95   | 0.67%             | 2029-02-09      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| BCP RENAISSANCE PARENT LLC                                    | BANK LOAN NOTE                   | CUSIP: 05549PAC5<br>LEI: 549300GVXMQFQZDSJR97 | Long             | DBT              | CORP              | US        |   2623491 | PA      | $2584138.79   | 0.67%             | 2026-10-31      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| AZALEA TOPCO INC                                              | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300HC42NZULO53062       | Long             | DBT              | CORP              | US        |    497500 | PA      | $458943.75    | 0.12%             | 2026-07-25      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                    | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: UFC8NYMNFSYIHNSM2I38       | Long             | DBT              | CORP              | US        |   1000000 | PA      | $969170.00    | 0.25%             | 2029-02-24      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| TRONOX FINANCE LLC                                            | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300LMZ1DX1PWSP524       | Long             | DBT              | CORP              | US        |    995000 | PA      | $972612.50    | 0.25%             | 2029-03-03      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GROUP LLC                                      | BANK LOAN NOTE                   | CUSIP: 25277BAG3<br>LEI: 5493002K6DHWNZH8YA34 | Long             | DBT              | CORP              | US        |   1433092 | PA      | $226614.83    | 0.06%             | 2026-08-24      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRETE LLC                                 | BANK LOAN NOTE                   | CUSIP: 83283EAH6<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    997500 | PA      | $977550.00    | 0.25%             | 2029-03-24      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| PERRIGO INVESTMENTS LLC                                       | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300POZGC78VHAAJ73       | Long             | DBT              | CORP              | IE        |    997500 | PA      | $981290.63    | 0.25%             | 2029-04-05      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| LIGHT  AND  WONDER INC                                        | BANK LOAN NOTE                   | CUSIP: 80875AAT8<br>LEI: 529900JXALYBOHXKFM62 | Long             | DBT              | CORP              | US        |   2493750 | PA      | $2442004.69   | 0.63%             | 2029-04-07      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                                | BANK LOAN NOTE                   | CUSIP: 74345HAD3<br>LEI: 529900C5FODDK0WSR085 | Long             | DBT              | CORP              | US        |    995000 | PA      | $950225.00    | 0.25%             | 2029-08-31      | Floating      | 10.98%                | No            |                  2 | On Loan: No      |
| CPG INTERNATIONAL LLC                                         | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300SVLALB4NVWP891       | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2433325.00   | 0.63%             | 2029-04-28      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                            | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300NY6OZM39SO6475       | Long             | DBT              | CORP              | CA        |    997500 | PA      | $944133.75    | 0.24%             | 2027-05-05      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| CHAMPIONX CORP                                                | BANK LOAN NOTE                   | CUSIP: 15872NAC6<br>LEI: 549300EP2909K6DYYP38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997190.00    | 0.26%             | 2029-05-13      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT INC                                            | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987160.00    | 0.25%             | 2029-07-06      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| ENVISION HEALTHCARE CORP                                      | BANK LOAN NOTE                   | CUSIP: 29373UAG6<br>LEI: 549300OL60X0LPKY8N60 | Long             | DBT              | CORP              | US        |   1925423 | PA      | $430004.75    | 0.11%             | 2027-03-31      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| ENVISION HEALTHCARE CORP                                      | BANK LOAN NOTE                   | CUSIP: 29373UAF8<br>LEI: 549300OL60X0LPKY8N60 | Long             | DBT              | CORP              | US        |    786343 | PA      | $235902.77    | 0.06%             | 2027-03-31      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                | BANK LOAN NOTE                   | CUSIP: 78571YBJ8<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $935000.00    | 0.24%             | 2028-06-30      | Floating      | 9.19%                 | No            |                  2 | On Loan: No      |
| M6 ETX HOLDINGS II MIDCO LLC                                  | BANK LOAN NOTE                   | CUSIP: 55285DAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1499070.00   | 0.39%             | 2029-08-12      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| TIBCO SOFTWARE INC                                            | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 04EEB871XLHVNY4RZJ65       | Long             | DBT              | CORP              | US        |   2159000 | PA      | $1956982.37   | 0.50%             | 2029-03-30      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| COVETRUS INC                                                  | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 5493009S30DUFCF75V87       | Long             | DBT              | CORP              | US        |   1000000 | PA      | $949380.00    | 0.24%             | 2029-10-13      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| WATLOW ELECTRIC MANUFACTURING CO                              | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 54930089QP6NQUHLU558       | Long             | DBT              | CORP              | US        |    500000 | PA      | $490000.00    | 0.13%             | 2028-03-02      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                                    | BANK LOAN NOTE                   | CUSIP: 90351NAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2408256 | PA      | $2366545.01   | 0.61%             | 2029-11-16      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                          | BANK LOAN NOTE                   | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1346250.00   | 0.35%             | 2029-04-11      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                                     | CORP. NOTE                       | CUSIP: 552953CC3<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    770000 | PA      | $770036.96    | 0.20%             | 2023-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                 | CORP. NOTE                       | CUSIP: 16308NAA2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $935000.00    | 0.24%             | 2027-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                      | CORP. NOTE                       | CUSIP: 15089QAL8<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994977.50    | 0.26%             | 2025-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                      | CORP. NOTE                       | CUSIP: 92840VAL6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974118.34    | 0.25%             | 2025-05-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDINGS LLC                                         | CORP. NOTE                       | CUSIP: 92943GAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    785000 | PA      | $703320.75    | 0.18%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDINGS LLC                                         | CORP. NOTE                       | CUSIP: 92943GAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    523000 | PA      | $511263.88    | 0.13%             | 2024-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                  | CORP. NOTE                       | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $893563.70    | 0.23%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SPANISH BROADCASTING SYSTEM INC                               | CORP. NOTE                       | CUSIP: 846425AQ9<br>LEI: 5493005DKYB1X4C9LH64 | Long             | DBT              | CORP              | US        |    740000 | PA      | $439209.34    | 0.11%             | 2026-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BEASLEY MEZZANINE HOLDINGS LLC                                | CORP. NOTE                       | CUSIP: 07403VAA7<br>LEI: 549300VK8LJV1TK18D38 | Long             | DBT              | CORP              | US        |    750000 | PA      | $483975.00    | 0.12%             | 2026-02-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                | CORP. NOTE                       | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $952500.00    | 0.25%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                                     | CORP. NOTE                       | CUSIP: 45031UCJ8<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1198149.35   | 0.31%             | 2026-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                     | CORP. NOTE                       | CUSIP: 674599EB7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1513687.50   | 0.39%             | 2025-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                                        | CORP. NOTE                       | CUSIP: 845467AL3<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990000.00    | 0.26%             | 2025-01-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BWAY HOLDING CO                                               | CORP. NOTE                       | CUSIP: 12429TAD6<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    383000 | PA      | $377761.10    | 0.10%             | 2024-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                         | CORP. NOTE                       | CUSIP: 88033GCS7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    371000 | PA      | $363021.65    | 0.09%             | 2024-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                    | CORP. NOTE                       | CUSIP: 335934AR6<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1060653.00   | 0.27%             | 2026-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                          | CORP. NOTE                       | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968795.00    | 0.25%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                 | CORP. NOTE                       | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1745000 | PA      | $1736519.30   | 0.45%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                   | CORP. NOTE                       | CUSIP: 855030AN2<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   1266000 | PA      | $1129442.91   | 0.29%             | 2026-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                      | CORP. NOTE                       | CUSIP: 45174HBC0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $945807.66    | 0.24%             | 2026-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                              | CORP. NOTE                       | CUSIP: 085770AB1<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980000.00    | 0.25%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FINANCE BV                                  | CORP. NOTE                       | CUSIP: 89686QAA4<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $939670.00    | 0.24%             | 2026-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                         | CORP. NOTE                       | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $941390.00    | 0.24%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                  | CORP. NOTE                       | CUSIP: 428102AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $982990.00    | 0.25%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                             | CORP. NOTE                       | CUSIP: 18060TAA3<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499681.19    | 0.13%             | 2025-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                        | CORP. NOTE                       | CUSIP: 95081QAN4<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012500.00   | 0.26%             | 2025-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                  | CORP. NOTE                       | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974530.92    | 0.25%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                      | CORP. NOTE                       | CUSIP: 345397A60<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968311.80    | 0.25%             | 2025-06-16      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CAESARS RESORT COLLECTION LLC / CRC FINCO INC                 | CORP. NOTE                       | CUSIP: 12770RAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1010000 | PA      | $997733.55    | 0.26%             | 2025-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                 | CORP. NOTE                       | CUSIP: 143658BG6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012100.00   | 0.26%             | 2026-02-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                  | CORPORATE BONDS                  | CUSIP: 131347CK0<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958192.50    | 0.25%             | 2026-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                  | CORPORATE BONDS                  | CUSIP: 78454LAL4<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1264688.49   | 0.33%             | 2025-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                  | CORPORATE BONDS                  | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2182500.00   | 0.56%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                 | CORPORATE BONDS                  | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $552816.00    | 0.14%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                           | CORPORATE BONDS                  | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $882500.00    | 0.23%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC/NJ                                    | CORPORATE BONDS                  | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $920261.44    | 0.24%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                                 | Credit Default Swap Basket Index | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DCR              | CORP              | US        |   9000000 | NC      | $168750.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                           | PERPETUAL BONDS                  | CUSIP: 369604BQ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $970000.00    | 0.25%             | 2049-12-29      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| TEXAS COMPETITIVE ELECTRIC HOLDINGS CO LLC / TCEH FINANCE INC | RIGHTS                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    113884 | NS      | $136660.80    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PUTNAM SHORT TERM INVESTMENT FUND                             | SHORT TERM INV FUND              | CUSIP: 74676P664<br>LEI: 5493003MK0Q7JP8CPP42 | Long             | STIV             | PF                | US        |  18801034 | NS      | $18801034.00  | 4.85%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                      | U.S. T BILLS                     | CUSIP: 912796P94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $600000.00    | 0.15%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                      | U.S. T BILLS                     | CUSIP: 912796YX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $399801.07    | 0.10%             | 2022-12-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-26

**Name of Applicant:** Putnam Investments Inc

**Signature:** Janet C. Smith

**Name of Signer:** NPORT

**Title:** Principal Financial Officer