# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0001752724-23-068181
**Filing Date:** 2023-3
**Character Count:** 609429
**Document Hash:** f04d5b664a6a6489b3322a70c25d0208
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-068181.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-068181

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS TRUST
- **CENTRAL INDEX KEY:** 0000822977
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05349
- **FILM NUMBER:** 23764761

**BUSINESS ADDRESS:**
- **STREET 1:** 71  SOUTH WACKER DRIVE
- **STREET 2:** C/O GOLDMAN SACHS & CO
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3126554400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19910711

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19900104

## Series and Classes Contracts Data

### Goldman Sachs Income Builder Fund (Series ID: S000009342)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000025613 | Institutional   | GSBIX           |
| C000025615 | Class A         | GSBFX           |
| C000025617 | Class C         | GSBCX           |
| C000091959 | Investor Shares | GKIRX           |
| C000161511 | Class R6 Shares | GSBUX           |
| C000201720 | Class P Shares  | GGKPX           |

## Nport-Ex

GOLDMAN SACHS INCOME BUILDER FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – 43.7%** | **Corporate Obligations – 43.7%** | **Corporate Obligations – 43.7%** | **Corporate Obligations – 43.7%** |
| **Advertising<sup>(a)(b)</sup> – 0.1%** | **Advertising<sup>(a)(b)</sup> – 0.1%** | **Advertising<sup>(a)(b)</sup> – 0.1%** | **Advertising<sup>(a)(b)</sup> – 0.1%** |
| CMG Media Corp. | CMG Media Corp. | CMG Media Corp. | CMG Media Corp. |
| 2850000 | 8.875% | 12/15/27 | $2228216 |
| **Aerospace & Defense<sup>(b)</sup> – 0.9%** | **Aerospace & Defense<sup>(b)</sup> – 0.9%** | **Aerospace & Defense<sup>(b)</sup> – 0.9%** | **Aerospace & Defense<sup>(b)</sup> – 0.9%** |
| Bombardier, Inc.<sup>(a)</sup> | Bombardier, Inc.<sup>(a)</sup> | Bombardier, Inc.<sup>(a)</sup> | Bombardier, Inc.<sup>(a)</sup> |
| 900000 | 7.500 | 12/01/24 | 917478 |
| 998000 | 7.500 | 03/15/25 | 998878 |
| Spirit AeroSystems, Inc. | Spirit AeroSystems, Inc. | Spirit AeroSystems, Inc. | Spirit AeroSystems, Inc. |
| 6285000 | 4.600 | 06/15/28 | 5334142 |
| 1170000 | 9.375 <sup>(a)</sup> | 11/30/29 | 1270702 |
| The Boeing Co. | The Boeing Co. | The Boeing Co. | The Boeing Co. |
| 1875000 | 3.450 | 11/01/28 | 1736888 |
| 3432000 | 5.150 | 05/01/30 | 3460520 |
| 1652000 | 5.805 | 05/01/50 | 1687204 |
| TransDigm, Inc. | TransDigm, Inc. | TransDigm, Inc. | TransDigm, Inc. |
| 3300000 | 5.500 | 11/15/27 | 3151434 |
| 315000 | 4.625 | 01/15/29 | 284354 |
| 266000 | 4.875 | 05/01/29 | 240570 |
| Triumph Group, Inc. | Triumph Group, Inc. | Triumph Group, Inc. | Triumph Group, Inc. |
| 2885000 | 7.750 | 08/15/25 | 2454414 |
|  |  |  | 21536584 |
| **Agriculture – 0.4%** | **Agriculture – 0.4%** | **Agriculture – 0.4%** | **Agriculture – 0.4%** |
| BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. |
| 10000000 | 4.390 <sup>(b)</sup> | 08/15/37 | 8238300 |
| MHP Lux SA | MHP Lux SA | MHP Lux SA | MHP Lux SA |
| 200000 | 6.250 <sup>(b)</sup> | 09/19/29 | 94125 |
| MHP SE | MHP SE | MHP SE | MHP SE |
| 270000 | 7.750 | 05/10/24 | 134376 |
| 550000 | 7.750 <sup>(a)</sup> | 05/10/24 | 273728 |
|  |  |  | 8740529 |
| **Airlines – 0.6%** | **Airlines – 0.6%** | **Airlines – 0.6%** | **Airlines – 0.6%** |
| Allegiant Travel Co. | Allegiant Travel Co. | Allegiant Travel Co. | Allegiant Travel Co. |
| 1035000 | 7.250 <sup>(a)(b)</sup> | 08/15/27 | 1013275 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup> | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup> | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup> | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup> |
| 522000 | 5.500 | 04/20/26 | 511925 |
| 1717000 | 5.750 | 04/20/29 | 1662193 |
| Azul Investments LLP | Azul Investments LLP | Azul Investments LLP | Azul Investments LLP |
| 1052000 | 5.875 <sup>(b)</sup> | 10/26/24 | 791499 |
| Delta Air Lines, Inc. | Delta Air Lines, Inc. | Delta Air Lines, Inc. | Delta Air Lines, Inc. |
| 3600000 | 7.375 <sup>(b)</sup> | 01/15/26 | 3765924 |
| Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. | Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. | Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. | Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. |
| 2155000 | 5.750 <sup>(a)(b)</sup> | 01/20/26 | 2059728 |
| United Airlines, Inc.<sup>(a)(b)</sup> | United Airlines, Inc.<sup>(a)(b)</sup> | United Airlines, Inc.<sup>(a)(b)</sup> | United Airlines, Inc.<sup>(a)(b)</sup> |
| 1625000 | 4.375 | 04/15/26 | 1543620 |
| 2080000 | 4.625 | 04/15/29 | 1897855 |
|  |  |  | 13246019 |
| **Automotive – 1.3%** | **Automotive – 1.3%** | **Automotive – 1.3%** | **Automotive – 1.3%** |
| BorgWarner, Inc. | BorgWarner, Inc. | BorgWarner, Inc. | BorgWarner, Inc. |
| 2000000 | 5.000 <sup>(a)</sup> | 10/01/25 | 1985080 |
| Clarios Global LP/Clarios U.S. Finance Co. | Clarios Global LP/Clarios U.S. Finance Co. | Clarios Global LP/Clarios U.S. Finance Co. | Clarios Global LP/Clarios U.S. Finance Co. |
| 1850000 | 8.500 <sup>(a)(b)</sup> | 05/15/27 | 1844468 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Automotive – (continued)** | **Automotive – (continued)** | **Automotive – (continued)** | **Automotive – (continued)** |
| Dana, Inc. | Dana, Inc. | Dana, Inc. | Dana, Inc. |
| 2075000 | 4.250 %<sup>(b)</sup> | 09/01/30 | $1759393 |
| Dealer Tire LLC/DT Issuer LLC | Dealer Tire LLC/DT Issuer LLC | Dealer Tire LLC/DT Issuer LLC | Dealer Tire LLC/DT Issuer LLC |
| 5637000 | 8.000 <sup>(a)(b)</sup> | 02/01/28 | 5220257 |
| Ford Motor Co. | Ford Motor Co. | Ford Motor Co. | Ford Motor Co. |
| 3726000 | 3.250 <sup>(b)</sup> | 02/12/32 | 2958779 |
| Ford Motor Credit Co. LLC<sup>(b)</sup> | Ford Motor Credit Co. LLC<sup>(b)</sup> | Ford Motor Credit Co. LLC<sup>(b)</sup> | Ford Motor Credit Co. LLC<sup>(b)</sup> |
| 400000 | 4.687 | 06/09/25 | 388356 |
| 4260000 | 3.375 | 11/13/25 | 3967764 |
| 3111000 | 4.950 | 05/28/27 | 2985969 |
| 1640000 | 3.815 | 11/02/27 | 1480772 |
| General Motors Co. | General Motors Co. | General Motors Co. | General Motors Co. |
| 3000000 | 6.600 <sup>(b)</sup> | 04/01/36 | 3139710 |
| General Motors Financial Co., Inc.<sup>(b)</sup> | General Motors Financial Co., Inc.<sup>(b)</sup> | General Motors Financial Co., Inc.<sup>(b)</sup> | General Motors Financial Co., Inc.<sup>(b)</sup> |
| 1975000 | 5.650 | 01/17/29 | 1992084 |
| 4100000 | 3.100 | 01/12/32 | 3398859 |
| NIO, Inc.<sup>(c)</sup> | NIO, Inc.<sup>(c)</sup> | NIO, Inc.<sup>(c)</sup> | NIO, Inc.<sup>(c)</sup> |
| 350000 | 0.000 <sup>(d)</sup> | 02/01/26 | 321029 |
|  |  |  | 31442520 |
| **Banks – 4.6%** | **Banks – 4.6%** | **Banks – 4.6%** | **Banks – 4.6%** |
| Absa Group Ltd. (5 year CMT + 5.411%) | Absa Group Ltd. (5 year CMT + 5.411%) | Absa Group Ltd. (5 year CMT + 5.411%) | Absa Group Ltd. (5 year CMT + 5.411%) |
| 460000 | 6.375 <sup>(b)(e)</sup> | 12/31/99 | 434930 |
| Access Bank PLC | Access Bank PLC | Access Bank PLC | Access Bank PLC |
| 900000 | 6.125 <sup>(a)</sup> | 09/21/26 | 792000 |
| Alfa Bank AO Via Alfa Bond Issuance PLC<sup>(f)</sup> (5 year CMT + 4.546%) | Alfa Bank AO Via Alfa Bond Issuance PLC<sup>(f)</sup> (5 year CMT + 4.546%) | Alfa Bank AO Via Alfa Bond Issuance PLC<sup>(f)</sup> (5 year CMT + 4.546%) | Alfa Bank AO Via Alfa Bond Issuance PLC<sup>(f)</sup> (5 year CMT + 4.546%) |
| 360000 | 5.950 <sup>(b)(e)</sup> | 04/15/30 |  |
| Banco BBVA Peru SA (5 year CMT + 2.750%) | Banco BBVA Peru SA (5 year CMT + 2.750%) | Banco BBVA Peru SA (5 year CMT + 2.750%) | Banco BBVA Peru SA (5 year CMT + 2.750%) |
| 190000 | 5.250 <sup>(b)(e)</sup> | 09/22/29 | 184276 |
| Banco Continental SAECA | Banco Continental SAECA | Banco Continental SAECA | Banco Continental SAECA |
| 1210000 | 2.750 | 12/10/25 | 1080152 |
| Banco Davivienda SA (10 year CMT + 5.097%) | Banco Davivienda SA (10 year CMT + 5.097%) | Banco Davivienda SA (10 year CMT + 5.097%) | Banco Davivienda SA (10 year CMT + 5.097%) |
| 220000 | 6.650 <sup>(a)(b)(e)</sup> | 12/31/99 | 172975 |
| Banco de Bogota SA | Banco de Bogota SA | Banco de Bogota SA | Banco de Bogota SA |
| 740000 | 6.250 | 05/12/26 | 731351 |
| Banco do Brasil SA (10 year CMT + 4.398%) | Banco do Brasil SA (10 year CMT + 4.398%) | Banco do Brasil SA (10 year CMT + 4.398%) | Banco do Brasil SA (10 year CMT + 4.398%) |
| 670000 | 6.250 <sup>(b)(e)</sup> | 10/29/49 | 606350 |
| Banco Industrial SA (5 year CMT + 4.442%) | Banco Industrial SA (5 year CMT + 4.442%) | Banco Industrial SA (5 year CMT + 4.442%) | Banco Industrial SA (5 year CMT + 4.442%) |
| 930000 | 4.875 <sup>(a)(b)(e)</sup> | 01/29/31 | 868853 |
| Banco Internacional del Peru SAA Interbank<sup>(b)</sup> (1 year CMT + 3.711%) | Banco Internacional del Peru SAA Interbank<sup>(b)</sup> (1 year CMT + 3.711%) | Banco Internacional del Peru SAA Interbank<sup>(b)</sup> (1 year CMT + 3.711%) | Banco Internacional del Peru SAA Interbank<sup>(b)</sup> (1 year CMT + 3.711%) |
| 790000 | 4.000 <sup>(e)</sup> | 07/08/30 | 727442 |
| Banco Mercantil del Norte SA<sup>(e)</sup> | Banco Mercantil del Norte SA<sup>(e)</sup> | Banco Mercantil del Norte SA<sup>(e)</sup> | Banco Mercantil del Norte SA<sup>(e)</sup> |
| (5 year CMT + 4.643%) | (5 year CMT + 4.643%) | (5 year CMT + 4.643%) | (5 year CMT + 4.643%) |
| 340000 | 5.875 <sup>(a)(b)</sup> | 12/31/99 | 313501 |
| (5 year CMT + 4.643%)<sup>(b)</sup> | (5 year CMT + 4.643%)<sup>(b)</sup> | (5 year CMT + 4.643%)<sup>(b)</sup> | (5 year CMT + 4.643%)<sup>(b)</sup> |
| 460000 | 5.875 | 12/31/99 | 424149 |
| (5 year CMT + 4.967%) | (5 year CMT + 4.967%) | (5 year CMT + 4.967%) | (5 year CMT + 4.967%) |
| 690000 | 6.750 <sup>(b)</sup> | 12/31/99 | 674389 |
| Banco Nacional de Panama | Banco Nacional de Panama | Banco Nacional de Panama | Banco Nacional de Panama |
| 530000 | 2.500 <sup>(b)</sup> | 08/11/30 | 433805 |
| Banco Santander SA | Banco Santander SA | Banco Santander SA | Banco Santander SA |
| 2000000 | 3.490 | 05/28/30 | 1775160 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| (1 year CMT + 1.600%) | (1 year CMT + 1.600%) | (1 year CMT + 1.600%) | (1 year CMT + 1.600%) |
| 3600000 | 3.225 %<sup>(b)(e)</sup> | 11/22/32 | $2897820 |
| Bank Hapoalim BM (5 year CMT + 2.155%) | Bank Hapoalim BM (5 year CMT + 2.155%) | Bank Hapoalim BM (5 year CMT + 2.155%) | Bank Hapoalim BM (5 year CMT + 2.155%) |
| 820000 | 3.255 <sup>(a)(b)(e)</sup> | 01/21/32 | 720575 |
| Bank Leumi Le-Israel BM (5 year CMT + 1.631%) | Bank Leumi Le-Israel BM (5 year CMT + 1.631%) | Bank Leumi Le-Israel BM (5 year CMT + 1.631%) | Bank Leumi Le-Israel BM (5 year CMT + 1.631%) |
| 710000 | 3.275 <sup>(a)(b)(e)</sup> | 01/29/31 | 646322 |
| Bank of America Corp. (3M USD LIBOR + 3.898%) | Bank of America Corp. (3M USD LIBOR + 3.898%) | Bank of America Corp. (3M USD LIBOR + 3.898%) | Bank of America Corp. (3M USD LIBOR + 3.898%) |
| 4000000 | 6.100 <sup>(b)(e)</sup> | 12/29/49 | 4011200 |
| Barclays PLC<sup>(b)(e)</sup> | Barclays PLC<sup>(b)(e)</sup> | Barclays PLC<sup>(b)(e)</sup> | Barclays PLC<sup>(b)(e)</sup> |
| (1 year CMT + 3.000%) | (1 year CMT + 3.000%) | (1 year CMT + 3.000%) | (1 year CMT + 3.000%) |
| 4810000 | 5.746 | 08/09/33 | 4851222 |
| (5 year CMT + 5.431%) | (5 year CMT + 5.431%) | (5 year CMT + 5.431%) | (5 year CMT + 5.431%) |
| 4800000 | 8.000 | 03/15/29 | 4814064 |
| BBVA Bancomer SA (5 year CMT + 2.650%) | BBVA Bancomer SA (5 year CMT + 2.650%) | BBVA Bancomer SA (5 year CMT + 2.650%) | BBVA Bancomer SA (5 year CMT + 2.650%) |
| 530000 | 5.125 <sup>(b)(e)</sup> | 01/18/33 | 501115 |
| BNP Paribas SA<sup>(a)</sup> | BNP Paribas SA<sup>(a)</sup> | BNP Paribas SA<sup>(a)</sup> | BNP Paribas SA<sup>(a)</sup> |
| 2700000 | 4.375 | 05/12/26 | 2638710 |
| (5 year CMT + 4.899%) | (5 year CMT + 4.899%) | (5 year CMT + 4.899%) | (5 year CMT + 4.899%) |
| 2000000 | 7.750 <sup>(b)(e)</sup> | 08/16/29 | 2054180 |
| (SOFR + 1.561%) | (SOFR + 1.561%) | (SOFR + 1.561%) | (SOFR + 1.561%) |
| 3050000 | 3.132 <sup>(b)(e)</sup> | 01/20/33 | 2577158 |
| BPCE SA<sup>(a)</sup> | BPCE SA<sup>(a)</sup> | BPCE SA<sup>(a)</sup> | BPCE SA<sup>(a)</sup> |
| 4150000 | 4.625 | 09/12/28 | 3988648 |
| (SOFR + 1.730%) | (SOFR + 1.730%) | (SOFR + 1.730%) | (SOFR + 1.730%) |
| 2100000 | 3.116 <sup>(b)(e)</sup> | 10/19/32 | 1665783 |
| Citigroup, Inc.<sup>(b)(e)</sup> | Citigroup, Inc.<sup>(b)(e)</sup> | Citigroup, Inc.<sup>(b)(e)</sup> | Citigroup, Inc.<sup>(b)(e)</sup> |
| (3M USD LIBOR + 4.230%) | (3M USD LIBOR + 4.230%) | (3M USD LIBOR + 4.230%) | (3M USD LIBOR + 4.230%) |
| 1325000 | 5.900 | 12/29/49 | 1336594 |
| (3M USD LIBOR + 4.517%) | (3M USD LIBOR + 4.517%) | (3M USD LIBOR + 4.517%) | (3M USD LIBOR + 4.517%) |
| 1890000 | 6.250 | 12/29/49 | 1899185 |
| (5 year CMT + 3.597%) | (5 year CMT + 3.597%) | (5 year CMT + 3.597%) | (5 year CMT + 3.597%) |
| 1000000 | 4.000 | 12/31/99 | 932740 |
| (SOFR + 1.351%) | (SOFR + 1.351%) | (SOFR + 1.351%) | (SOFR + 1.351%) |
| 3325000 | 3.057 | 01/25/33 | 2849458 |
| (SOFR + 3.914%) | (SOFR + 3.914%) | (SOFR + 3.914%) | (SOFR + 3.914%) |
| 900000 | 4.412 | 03/31/31 | 864765 |
| Comerica, Inc. (5 year CMT + 5.291%) | Comerica, Inc. (5 year CMT + 5.291%) | Comerica, Inc. (5 year CMT + 5.291%) | Comerica, Inc. (5 year CMT + 5.291%) |
| 1000000 | 5.625 <sup>(b)(e)</sup> | 12/31/99 | 983070 |
| Credit Bank of Moscow Via CBOM Finance PLC | Credit Bank of Moscow Via CBOM Finance PLC | Credit Bank of Moscow Via CBOM Finance PLC | Credit Bank of Moscow Via CBOM Finance PLC |
| 260000 | 4.700 <sup>(a)</sup> | 01/29/25 | 68494 |
| (5 year USD Swap + 5.416%) | (5 year USD Swap + 5.416%) | (5 year USD Swap + 5.416%) | (5 year USD Swap + 5.416%) |
| 280000 | 7.500 <sup>(b)(e)</sup> | 10/05/27 | 42000 |
| Credit Suisse Group AG<sup>(a)(b)</sup> | Credit Suisse Group AG<sup>(a)(b)</sup> | Credit Suisse Group AG<sup>(a)(b)</sup> | Credit Suisse Group AG<sup>(a)(b)</sup> |
| 1726000 | 4.282 | 01/09/28 | 1523299 |
| (5 year USD Swap + 4.598%) | (5 year USD Swap + 4.598%) | (5 year USD Swap + 4.598%) | (5 year USD Swap + 4.598%) |
| 1702000 | 7.500 <sup>(e)</sup> | 12/29/49 | 1610075 |
| Deutsche Bank AG (5 year CMT + 4.524%) | Deutsche Bank AG (5 year CMT + 4.524%) | Deutsche Bank AG (5 year CMT + 4.524%) | Deutsche Bank AG (5 year CMT + 4.524%) |
| 800000 | 6.000 <sup>(b)(e)</sup> | 12/31/99 | 728064 |
| First Bank of Nigeria Ltd. Via FBN Finance Co. BV | First Bank of Nigeria Ltd. Via FBN Finance Co. BV | First Bank of Nigeria Ltd. Via FBN Finance Co. BV | First Bank of Nigeria Ltd. Via FBN Finance Co. BV |
| 200000 | 8.625 <sup>(a)</sup> | 10/27/25 | 187975 |
| Freedom Mortgage Corp.<sup>(a)(b)</sup> | Freedom Mortgage Corp.<sup>(a)(b)</sup> | Freedom Mortgage Corp.<sup>(a)(b)</sup> | Freedom Mortgage Corp.<sup>(a)(b)</sup> |
| 3225000 | 7.625 | 05/01/26 | 2838580 |
| 2610000 | 6.625 | 01/15/27 | 2172120 |
| Grupo Aval Ltd. | Grupo Aval Ltd. | Grupo Aval Ltd. | Grupo Aval Ltd. |
| 1410000 | 4.375 <sup>(b)</sup> | 02/04/30 | 1161417 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| ING Groep NV (5 year USD Swap + 4.446%) | ING Groep NV (5 year USD Swap + 4.446%) | ING Groep NV (5 year USD Swap + 4.446%) | ING Groep NV (5 year USD Swap + 4.446%) |
| 3000000 | 6.500 %<sup>(b)(e)</sup> | 12/29/49 | $2913420 |
| Intesa Sanpaolo SpA | Intesa Sanpaolo SpA | Intesa Sanpaolo SpA | Intesa Sanpaolo SpA |
| 8000000 | 5.017 <sup>(a)</sup> | 06/26/24 | 7793920 |
| Ipoteka-Bank ATIB | Ipoteka-Bank ATIB | Ipoteka-Bank ATIB | Ipoteka-Bank ATIB |
| 450000 | 5.500 | 11/19/25 | 419709 |
| Itau Unibanco Holding SA (5 year CMT + 3.981%) | Itau Unibanco Holding SA (5 year CMT + 3.981%) | Itau Unibanco Holding SA (5 year CMT + 3.981%) | Itau Unibanco Holding SA (5 year CMT + 3.981%) |
| 500000 | 7.721 <sup>(b)(e)</sup> | 12/31/99 | 486350 |
| JPMorgan Chase & Co. (SOFR + 2.515%) | JPMorgan Chase & Co. (SOFR + 2.515%) | JPMorgan Chase & Co. (SOFR + 2.515%) | JPMorgan Chase & Co. (SOFR + 2.515%) |
| 441000 | 2.956 <sup>(b)(e)</sup> | 05/13/31 | 381006 |
| JPMorgan Chase & Co. (3M USD LIBOR + 3.330%) | JPMorgan Chase & Co. (3M USD LIBOR + 3.330%) | JPMorgan Chase & Co. (3M USD LIBOR + 3.330%) | JPMorgan Chase & Co. (3M USD LIBOR + 3.330%) |
| 4000000 | 6.125 <sup>(b)(e)</sup> | 12/31/49 | 3994120 |
| Macquarie Group Ltd. (3M USD LIBOR + 1.372%) | Macquarie Group Ltd. (3M USD LIBOR + 1.372%) | Macquarie Group Ltd. (3M USD LIBOR + 1.372%) | Macquarie Group Ltd. (3M USD LIBOR + 1.372%) |
| 3650000 | 3.763 <sup>(a)(b)(e)</sup> | 11/28/28 | 3427131 |
| Morgan Stanley<sup>(b)(e)</sup> | Morgan Stanley<sup>(b)(e)</sup> | Morgan Stanley<sup>(b)(e)</sup> | Morgan Stanley<sup>(b)(e)</sup> |
| (3M USD LIBOR + 4.435%) | (3M USD LIBOR + 4.435%) | (3M USD LIBOR + 4.435%) | (3M USD LIBOR + 4.435%) |
| 2500000 | 5.875 | 12/31/99 | 2501650 |
| (SOFR + 1.290%) | (SOFR + 1.290%) | (SOFR + 1.290%) | (SOFR + 1.290%) |
| 1950000 | 2.943 | 01/21/33 | 1662434 |
| NBK Tier 1 Financing 2 Ltd. (6 year CMT + 2.832%) | NBK Tier 1 Financing 2 Ltd. (6 year CMT + 2.832%) | NBK Tier 1 Financing 2 Ltd. (6 year CMT + 2.832%) | NBK Tier 1 Financing 2 Ltd. (6 year CMT + 2.832%) |
| 790000 | 4.500 <sup>(b)(e)</sup> | 12/31/99 | 741267 |
| Regions Financial Corp. (5 year CMT + 5.430%) | Regions Financial Corp. (5 year CMT + 5.430%) | Regions Financial Corp. (5 year CMT + 5.430%) | Regions Financial Corp. (5 year CMT + 5.430%) |
| 1000000 | 5.750 <sup>(b)(e)</sup> | 12/31/99 | 991680 |
| Standard Chartered PLC<sup>(a)(e)</sup> | Standard Chartered PLC<sup>(a)(e)</sup> | Standard Chartered PLC<sup>(a)(e)</sup> | Standard Chartered PLC<sup>(a)(e)</sup> |
| (1 year CMT + 2.050%)<sup>(b)</sup> | (1 year CMT + 2.050%)<sup>(b)</sup> | (1 year CMT + 2.050%)<sup>(b)</sup> | (1 year CMT + 2.050%)<sup>(b)</sup> |
| 520000 | 6.170 | 01/09/27 | 532444 |
| (5 year CMT + 3.805%) | (5 year CMT + 3.805%) | (5 year CMT + 3.805%) | (5 year CMT + 3.805%) |
| 4255000 | 4.750 <sup>(b)</sup> | 12/31/99 | 3621218 |
| The Bank of New York Mellon Corp. (5 year CMT + 4.358%) | The Bank of New York Mellon Corp. (5 year CMT + 4.358%) | The Bank of New York Mellon Corp. (5 year CMT + 4.358%) | The Bank of New York Mellon Corp. (5 year CMT + 4.358%) |
| 2000000 | 4.700 <sup>(b)(e)</sup> | 12/31/99 | 1956820 |
| The PNC Financial Services Group, Inc. <sup>(b)(e)</sup> | The PNC Financial Services Group, Inc. <sup>(b)(e)</sup> | The PNC Financial Services Group, Inc. <sup>(b)(e)</sup> | The PNC Financial Services Group, Inc. <sup>(b)(e)</sup> |
| (5 year CMT + 3.000%) | (5 year CMT + 3.000%) | (5 year CMT + 3.000%) | (5 year CMT + 3.000%) |
| 2000000 | 6.000 | 12/31/99 | 1984020 |
| (5 year CMT + 3.238%) | (5 year CMT + 3.238%) | (5 year CMT + 3.238%) | (5 year CMT + 3.238%) |
| 3000000 | 6.200 | 12/31/99 | 3005640 |
| The Toronto-Dominion Bank<sup>(b)</sup> (5 year CMT + 4.075%) | The Toronto-Dominion Bank<sup>(b)</sup> (5 year CMT + 4.075%) | The Toronto-Dominion Bank<sup>(b)</sup> (5 year CMT + 4.075%) | The Toronto-Dominion Bank<sup>(b)</sup> (5 year CMT + 4.075%) |
| 2000000 | 8.125 <sup>(e)</sup> | 10/31/82 | 2122940 |
| Tinkoff Bank JSC Via TCS Finance Ltd. (5 year CMT + 5.150%) | Tinkoff Bank JSC Via TCS Finance Ltd. (5 year CMT + 5.150%) | Tinkoff Bank JSC Via TCS Finance Ltd. (5 year CMT + 5.150%) | Tinkoff Bank JSC Via TCS Finance Ltd. (5 year CMT + 5.150%) |
| 200000 | 6.000 <sup>(a)(b)(e)</sup> | 12/31/49 | 85600 |
| Truist Financial Corp. (5 year CMT + 4.605%) | Truist Financial Corp. (5 year CMT + 4.605%) | Truist Financial Corp. (5 year CMT + 4.605%) | Truist Financial Corp. (5 year CMT + 4.605%) |
| 1000000 | 4.950 <sup>(b)(e)</sup> | 12/31/99 | 990200 |
| Truist Financial Corp. (10 year CMT + 4.349%) | Truist Financial Corp. (10 year CMT + 4.349%) | Truist Financial Corp. (10 year CMT + 4.349%) | Truist Financial Corp. (10 year CMT + 4.349%) |
| 2237000 | 5.100 <sup>(b)(e)</sup> | 12/31/99 | 2177831 |
| Ubs Group AG (5 yearUSD Swap + 4.590%) | Ubs Group AG (5 yearUSD Swap + 4.590%) | Ubs Group AG (5 yearUSD Swap + 4.590%) | Ubs Group AG (5 yearUSD Swap + 4.590%) |
| 4000000 | 6.875 <sup>(b)(e)</sup> | 12/29/49 | 3977760 |
| UniCredit SpA (5 year CMT + 4.750%) | UniCredit SpA (5 year CMT + 4.750%) | UniCredit SpA (5 year CMT + 4.750%) | UniCredit SpA (5 year CMT + 4.750%) |
| 1525000 | 5.459 <sup>(a)(b)(e)</sup> | 06/30/35 | 1335595 |
| United Bank for Africa PLC | United Bank for Africa PLC | United Bank for Africa PLC | United Bank for Africa PLC |
| 200000 | 6.750 | 11/19/26 | 177913 |
| US Bancorp (5 year CMT + 2.541%) | US Bancorp (5 year CMT + 2.541%) | US Bancorp (5 year CMT + 2.541%) | US Bancorp (5 year CMT + 2.541%) |
| 1000000 | 3.700 <sup>(b)(e)</sup> | 12/31/99 | 873690 |
| Uzbek Industrial and Construction Bank ATB | Uzbek Industrial and Construction Bank ATB | Uzbek Industrial and Construction Bank ATB | Uzbek Industrial and Construction Bank ATB |
| 600000 | 5.750 | 12/02/24 | 578250 |
| Wells Fargo & Co. (5 year CMT + 3.453%) | Wells Fargo & Co. (5 year CMT + 3.453%) | Wells Fargo & Co. (5 year CMT + 3.453%) | Wells Fargo & Co. (5 year CMT + 3.453%) |
| 1000000 | 3.900 <sup>(b)(e)</sup> | 12/31/99 | 921130 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Yapi ve Kredi Bankasi A/S (5 year USD Swap + 11.245%) | Yapi ve Kredi Bankasi A/S (5 year USD Swap + 11.245%) | Yapi ve Kredi Bankasi A/S (5 year USD Swap + 11.245%) | Yapi ve Kredi Bankasi A/S (5 year USD Swap + 11.245%) |
| 260000 | 13.875 %<sup>(b)(e)</sup> | 12/31/99 | $270530 |
|  |  |  | 109708234 |
| **Beverages<sup>(b)</sup> – 0.8%** | **Beverages<sup>(b)</sup> – 0.8%** | **Beverages<sup>(b)</sup> – 0.8%** | **Beverages<sup>(b)</sup> – 0.8%** |
| Anadolu Efes Biracilik Ve Malt Sanayii AS | Anadolu Efes Biracilik Ve Malt Sanayii AS | Anadolu Efes Biracilik Ve Malt Sanayii AS | Anadolu Efes Biracilik Ve Malt Sanayii AS |
| 420000 | 3.375 <sup>(a)</sup> | 06/29/28 | 326025 |
| 950000 | 3.375 | 06/29/28 | 737438 |
| Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. |
| 8050000 | 4.700 | 02/01/36 | 7981816 |
| Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. |
| 2100000 | 4.750 | 01/23/29 | 2131689 |
| Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL | Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL | Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL | Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL |
| 680000 | 5.250 <sup>(a)</sup> | 04/27/29 | 648747 |
| Coca-Cola Icecek AS | Coca-Cola Icecek AS | Coca-Cola Icecek AS | Coca-Cola Icecek AS |
| 260000 | 4.500 | 01/20/29 | 222430 |
| Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. |
| 2275000 | 2.875 | 05/01/30 | 2012010 |
| 3975000 | 2.250 | 08/01/31 | 3276871 |
| Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. |
| 1055000 | 3.200 | 05/01/30 | 953667 |
| 308000 | 3.800 | 05/01/50 | 249825 |
|  |  |  | 18540518 |
| **Building Materials – 0.5%** | **Building Materials – 0.5%** | **Building Materials – 0.5%** | **Building Materials – 0.5%** |
| Builders FirstSource, Inc. | Builders FirstSource, Inc. | Builders FirstSource, Inc. | Builders FirstSource, Inc. |
| 1800000 | 5.000 <sup>(a)(b)</sup> | 03/01/30 | 1679940 |
| Cemex SAB de CV<sup>(e)</sup> | Cemex SAB de CV<sup>(e)</sup> | Cemex SAB de CV<sup>(e)</sup> | Cemex SAB de CV<sup>(e)</sup> |
| (5 year CMT + 4.534%) | (5 year CMT + 4.534%) | (5 year CMT + 4.534%) | (5 year CMT + 4.534%) |
| 800000 | 5.125 <sup>(a)(b)</sup> | 12/31/99 | 734000 |
| (5 year CMT + 4.534%)<sup>(b)</sup> | (5 year CMT + 4.534%)<sup>(b)</sup> | (5 year CMT + 4.534%)<sup>(b)</sup> | (5 year CMT + 4.534%)<sup>(b)</sup> |
| 460000 | 5.125 | 12/31/99 | 422050 |
| CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. |
| 2160000 | 7.000 <sup>(a)(b)</sup> | 12/01/28 | 1668471 |
| GCC SAB de CV | GCC SAB de CV | GCC SAB de CV | GCC SAB de CV |
| 860000 | 3.614 <sup>(a)(b)</sup> | 04/20/32 | 728205 |
| Masonite International Corp. | Masonite International Corp. | Masonite International Corp. | Masonite International Corp. |
| 2075000 | 5.375 <sup>(a)(b)</sup> | 02/01/28 | 1946122 |
| Standard Industries, Inc.<sup>(a)(b)</sup> | Standard Industries, Inc.<sup>(a)(b)</sup> | Standard Industries, Inc.<sup>(a)(b)</sup> | Standard Industries, Inc.<sup>(a)(b)</sup> |
| 1880000 | 4.375 | 07/15/30 | 1611874 |
| 4054000 | 3.375 | 01/15/31 | 3225200 |
|  |  |  | 12015862 |
| **Capital Goods<sup>(e)</sup> – 0.0%** | **Capital Goods<sup>(e)</sup> – 0.0%** | **Capital Goods<sup>(e)</sup> – 0.0%** | **Capital Goods<sup>(e)</sup> – 0.0%** |
| OTP Bank Nyrt (3 M EURIBOR + 4.265%) | OTP Bank Nyrt (3 M EURIBOR + 4.265%) | OTP Bank Nyrt (3 M EURIBOR + 4.265%) | OTP Bank Nyrt (3 M EURIBOR + 4.265%) |
| 780000 | 5.500 | 07/13/25 | 842024 |
| **Chemicals<sup>(b)</sup> – 1.0%** | **Chemicals<sup>(b)</sup> – 1.0%** | **Chemicals<sup>(b)</sup> – 1.0%** | **Chemicals<sup>(b)</sup> – 1.0%** |
| Air Products & Chemicals, Inc. | Air Products & Chemicals, Inc. | Air Products & Chemicals, Inc. | Air Products & Chemicals, Inc. |
| 200000 | 2.800 | 05/15/50 | 148928 |
| Ashland LLC | Ashland LLC | Ashland LLC | Ashland LLC |
| 3225000 | 3.375 <sup>(a)</sup> | 09/01/31 | 2676653 |
| ASP Unifrax Holdings, Inc. | ASP Unifrax Holdings, Inc. | ASP Unifrax Holdings, Inc. | ASP Unifrax Holdings, Inc. |
| 775000 | 5.250 <sup>(a)</sup> | 09/30/28 | 661873 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Chemicals<sup>(b)</sup> – (continued)** | **Chemicals<sup>(b)</sup> – (continued)** | **Chemicals<sup>(b)</sup> – (continued)** | **Chemicals<sup>(b)</sup> – (continued)** |
| Avient Corp. | Avient Corp. | Avient Corp. | Avient Corp. |
| 1725000 | 7.125 %<sup>(a)</sup> | 08/01/30 | $1745269 |
| Axalta Coating Systems LLC | Axalta Coating Systems LLC | Axalta Coating Systems LLC | Axalta Coating Systems LLC |
| 3100000 | 3.375 <sup>(a)</sup> | 02/15/29 | 2665318 |
| Herens Holdco S.a.r.l. | Herens Holdco S.a.r.l. | Herens Holdco S.a.r.l. | Herens Holdco S.a.r.l. |
| 1795000 | 4.750 <sup>(a)</sup> | 05/15/28 | 1473731 |
| Huntsman International LLC | Huntsman International LLC | Huntsman International LLC | Huntsman International LLC |
| 2104000 | 4.500 | 05/01/29 | 1972437 |
| INEOS Quattro Finance 2 PLC | INEOS Quattro Finance 2 PLC | INEOS Quattro Finance 2 PLC | INEOS Quattro Finance 2 PLC |
| 780000 | 3.375 <sup>(a)</sup> | 01/15/26 | 715658 |
| Ingevity Corp. | Ingevity Corp. | Ingevity Corp. | Ingevity Corp. |
| 1305000 | 3.875 <sup>(a)</sup> | 11/01/28 | 1148087 |
| Minerals Technologies, Inc. | Minerals Technologies, Inc. | Minerals Technologies, Inc. | Minerals Technologies, Inc. |
| 1695000 | 5.000 <sup>(a)</sup> | 07/01/28 | 1550111 |
| OCP SA | OCP SA | OCP SA | OCP SA |
| 960000 | 5.125 | 06/23/51 | 744000 |
| Rayonier AM Products, Inc. | Rayonier AM Products, Inc. | Rayonier AM Products, Inc. | Rayonier AM Products, Inc. |
| 281000 | 7.625 <sup>(a)</sup> | 01/15/26 | 262066 |
| Sasol Financing USA LLC | Sasol Financing USA LLC | Sasol Financing USA LLC | Sasol Financing USA LLC |
| 280000 | 4.375 | 09/18/26 | 257628 |
| 510000 | 5.500 | 03/18/31 | 443649 |
| SPCM SA<sup>(a)</sup> | SPCM SA<sup>(a)</sup> | SPCM SA<sup>(a)</sup> | SPCM SA<sup>(a)</sup> |
| 740000 | 3.125 | 03/15/27 | 652436 |
| 925000 | 3.375 | 03/15/30 | 783373 |
| The Chemours Co. | The Chemours Co. | The Chemours Co. | The Chemours Co. |
| 4560000 | 4.625 <sup>(a)</sup> | 11/15/29 | 3808467 |
| Valvoline, Inc. | Valvoline, Inc. | Valvoline, Inc. | Valvoline, Inc. |
| 885000 | 3.625 <sup>(a)</sup> | 06/15/31 | 744400 |
| WR Grace Holdings LLC | WR Grace Holdings LLC | WR Grace Holdings LLC | WR Grace Holdings LLC |
| 1855000 | 5.625 <sup>(a)</sup> | 08/15/29 | 1545159 |
|  |  |  | 23999243 |
| **Commercial Services<sup>(b)</sup> – 1.4%** | **Commercial Services<sup>(b)</sup> – 1.4%** | **Commercial Services<sup>(b)</sup> – 1.4%** | **Commercial Services<sup>(b)</sup> – 1.4%** |
| Allied Universal Holdco LLC/Allied Universal Finance Corp.<sup>(a)</sup> | Allied Universal Holdco LLC/Allied Universal Finance Corp.<sup>(a)</sup> | Allied Universal Holdco LLC/Allied Universal Finance Corp.<sup>(a)</sup> | Allied Universal Holdco LLC/Allied Universal Finance Corp.<sup>(a)</sup> |
| 2557000 | 6.625 | 07/15/26 | 2462110 |
| 1700000 | 6.000 | 06/01/29 | 1366545 |
| APi Group DE, Inc.<sup>(a)</sup> | APi Group DE, Inc.<sup>(a)</sup> | APi Group DE, Inc.<sup>(a)</sup> | APi Group DE, Inc.<sup>(a)</sup> |
| 5193000 | 4.125 | 07/15/29 | 4493087 |
| 575000 | 4.750 | 10/15/29 | 517063 |
| APX Group, Inc. | APX Group, Inc. | APX Group, Inc. | APX Group, Inc. |
| 4286000 | 5.750 <sup>(a)</sup> | 07/15/29 | 3711933 |
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc. | Avis Budget Car Rental LLC/Avis Budget Finance, Inc. | Avis Budget Car Rental LLC/Avis Budget Finance, Inc. | Avis Budget Car Rental LLC/Avis Budget Finance, Inc. |
| 1605000 | 5.375 <sup>(a)</sup> | 03/01/29 | 1435849 |
| Garda World Security Corp. | Garda World Security Corp. | Garda World Security Corp. | Garda World Security Corp. |
| 900000 | 7.750 <sup>(a)</sup> | 02/15/28 | 911772 |
| HealthEquity, Inc. | HealthEquity, Inc. | HealthEquity, Inc. | HealthEquity, Inc. |
| 1058000 | 4.500 <sup>(a)</sup> | 10/01/29 | 946667 |
| Limak Iskenderun Uluslararasi Liman Isletmeciligi AS | Limak Iskenderun Uluslararasi Liman Isletmeciligi AS | Limak Iskenderun Uluslararasi Liman Isletmeciligi AS | Limak Iskenderun Uluslararasi Liman Isletmeciligi AS |
| 899721 | 9.500 <sup>(a)</sup> | 07/10/36 | 782757 |
| Mersin Uluslararasi Liman Isletmeciligi A/S | Mersin Uluslararasi Liman Isletmeciligi A/S | Mersin Uluslararasi Liman Isletmeciligi A/S | Mersin Uluslararasi Liman Isletmeciligi A/S |
| 460000 | 5.375 | 11/15/24 | 440824 |
| Metis Merger Sub LLC | Metis Merger Sub LLC | Metis Merger Sub LLC | Metis Merger Sub LLC |
| 717000 | 6.500 <sup>(a)</sup> | 05/15/29 | 611257 |
| NESCO Holdings II, Inc. | NESCO Holdings II, Inc. | NESCO Holdings II, Inc. | NESCO Holdings II, Inc. |
| 3083000 | 5.500 <sup>(a)</sup> | 04/15/29 | 2774484 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Commercial Services<sup>(b)</sup> – (continued)** | **Commercial Services<sup>(b)</sup> – (continued)** | **Commercial Services<sup>(b)</sup> – (continued)** | **Commercial Services<sup>(b)</sup> – (continued)** |
| Rent-A-Center, Inc. | Rent-A-Center, Inc. | Rent-A-Center, Inc. | Rent-A-Center, Inc. |
| 850000 | 6.375 %<sup>(a)</sup> | 02/15/29 | $722347 |
| Techem Verwaltungsgesellschaft 674 MBH | Techem Verwaltungsgesellschaft 674 MBH | Techem Verwaltungsgesellschaft 674 MBH | Techem Verwaltungsgesellschaft 674 MBH |
| 668190 | 6.000 | 07/30/26 | 693451 |
| The ADT Security Corp. | The ADT Security Corp. | The ADT Security Corp. | The ADT Security Corp. |
| 4387000 | 4.125 <sup>(a)</sup> | 08/01/29 | 3905790 |
| The Bidvest Group UK PLC | The Bidvest Group UK PLC | The Bidvest Group UK PLC | The Bidvest Group UK PLC |
| 470000 | 3.625 <sup>(a)</sup> | 09/23/26 | 430138 |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| 3555000 | 6.000 <sup>(a)</sup> | 12/15/29 | 3616608 |
| Verisure Holding AB | Verisure Holding AB | Verisure Holding AB | Verisure Holding AB |
| 725000 | 3.250 <sup>(a)</sup> | 02/15/27 | 696258 |
| Verisure Midholding AB | Verisure Midholding AB | Verisure Midholding AB | Verisure Midholding AB |
| 800000 | 5.250 <sup>(a)</sup> | 02/15/29 | 718319 |
| 1450000 | 5.250 | 02/15/29 | 1301954 |
|  |  |  | 32539213 |
| **Commercial Services & Supplies – 0.0%** | **Commercial Services & Supplies – 0.0%** | **Commercial Services & Supplies – 0.0%** | **Commercial Services & Supplies – 0.0%** |
| Chesapeake Energy Corp. | Chesapeake Energy Corp. | Chesapeake Energy Corp. | Chesapeake Energy Corp. |
| 2000000 | 0.000 | 09/15/26 | 37000 |
| **Computers<sup>(b)</sup> – 0.6%** | **Computers<sup>(b)</sup> – 0.6%** | **Computers<sup>(b)</sup> – 0.6%** | **Computers<sup>(b)</sup> – 0.6%** |
| Booz Allen Hamilton, Inc. | Booz Allen Hamilton, Inc. | Booz Allen Hamilton, Inc. | Booz Allen Hamilton, Inc. |
| 2513000 | 3.875 <sup>(a)</sup> | 09/01/28 | 2269641 |
| Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. |
| 2475000 | 5.300 | 10/01/29 | 2498017 |
| 2699000 | 8.100 | 07/15/36 | 3159018 |
| Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. |
| 2730000 | 6.200 | 10/15/35 | 2952522 |
| KBR, Inc. | KBR, Inc. | KBR, Inc. | KBR, Inc. |
| 1161000 | 4.750 <sup>(a)</sup> | 09/30/28 | 1052609 |
| Presidio Holdings, Inc. | Presidio Holdings, Inc. | Presidio Holdings, Inc. | Presidio Holdings, Inc. |
| 2095000 | 8.250 <sup>(a)</sup> | 02/01/28 | 2014280 |
| Unisys Corp. | Unisys Corp. | Unisys Corp. | Unisys Corp. |
| 1060000 | 6.875 <sup>(a)</sup> | 11/01/27 | 803586 |
|  |  |  | 14749673 |
| **Distribution & Wholesale<sup>(a)(b)</sup> – 0.2%** | **Distribution & Wholesale<sup>(a)(b)</sup> – 0.2%** | **Distribution & Wholesale<sup>(a)(b)</sup> – 0.2%** | **Distribution & Wholesale<sup>(a)(b)</sup> – 0.2%** |
| American Builders & Contractors Supply Co., Inc. | American Builders & Contractors Supply Co., Inc. | American Builders & Contractors Supply Co., Inc. | American Builders & Contractors Supply Co., Inc. |
| 2760000 | 3.875 | 11/15/29 | 2352872 |
| BCPE Empire Holdings, Inc. | BCPE Empire Holdings, Inc. | BCPE Empire Holdings, Inc. | BCPE Empire Holdings, Inc. |
| 2446000 | 7.625 | 05/01/27 | 2286716 |
| IAA, Inc. | IAA, Inc. | IAA, Inc. | IAA, Inc. |
| 750000 | 5.500 | 06/15/27 | 752573 |
|  |  |  | 5392161 |
| **Diversified Financial Services – 2.8%** | **Diversified Financial Services – 2.8%** | **Diversified Financial Services – 2.8%** | **Diversified Financial Services – 2.8%** |
| AerCap Holdings NV (5 year CMT + 4.535%) | AerCap Holdings NV (5 year CMT + 4.535%) | AerCap Holdings NV (5 year CMT + 4.535%) | AerCap Holdings NV (5 year CMT + 4.535%) |
| 1825000 | 5.875 <sup>(b)(e)</sup> | 10/10/79 | 1745959 |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust | AerCap Ireland Capital DAC/AerCap Global Aviation Trust | AerCap Ireland Capital DAC/AerCap Global Aviation Trust | AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
| 3625000 | 3.000 <sup>(b)</sup> | 10/29/28 | 3188804 |
| AG TTMT Escrow Issuer LLC | AG TTMT Escrow Issuer LLC | AG TTMT Escrow Issuer LLC | AG TTMT Escrow Issuer LLC |
| 1025000 | 8.625 <sup>(a)(b)</sup> | 09/30/27 | 1057052 |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| 2750000 | 3.750 <sup>(b)</sup> | 06/01/26 | 2639065 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Diversified Financial Services – (continued)** | **Diversified Financial Services – (continued)** | **Diversified Financial Services – (continued)** | **Diversified Financial Services – (continued)** |
| Ally Financial, Inc. | Ally Financial, Inc. | Ally Financial, Inc. | Ally Financial, Inc. |
| 4000000 | 8.000% | 11/01/31 | $4390320 |
| Ally Financial, Inc. (7 year CMT + 3.481%) | Ally Financial, Inc. (7 year CMT + 3.481%) | Ally Financial, Inc. (7 year CMT + 3.481%) | Ally Financial, Inc. (7 year CMT + 3.481%) |
| 3415000 | 4.700 <sup>(b)(e)</sup> | 12/31/99 | 2630267 |
| American Express Co. (5 year CMT + 2.854%) | American Express Co. (5 year CMT + 2.854%) | American Express Co. (5 year CMT + 2.854%) | American Express Co. (5 year CMT + 2.854%) |
| 1000000 | 3.550 <sup>(b)(e)</sup> | 12/31/99 | 885700 |
| Aviation Capital Group LLC | Aviation Capital Group LLC | Aviation Capital Group LLC | Aviation Capital Group LLC |
| 800000 | 1.950 <sup>(a)(b)</sup> | 01/30/26 | 711216 |
| Avolon Holdings Funding Ltd.<sup>(a)(b)</sup> | Avolon Holdings Funding Ltd.<sup>(a)(b)</sup> | Avolon Holdings Funding Ltd.<sup>(a)(b)</sup> | Avolon Holdings Funding Ltd.<sup>(a)(b)</sup> |
| 3450000 | 5.250 | 05/15/24 | 3409773 |
| 1300000 | 3.250 | 02/15/27 | 1172509 |
| 1927000 | 2.528 | 11/18/27 | 1661498 |
| B3 SA - Brasil Bolsa Balcao | B3 SA - Brasil Bolsa Balcao | B3 SA - Brasil Bolsa Balcao | B3 SA - Brasil Bolsa Balcao |
| 290000 | 4.125 <sup>(a)</sup> | 09/20/31 | 251575 |
| Castlelake Aviation Finance DAC | Castlelake Aviation Finance DAC | Castlelake Aviation Finance DAC | Castlelake Aviation Finance DAC |
| 2420000 | 5.000 <sup>(a)(b)</sup> | 04/15/27 | 2206629 |
| Discover Financial Services (5 year CMT + 5.783%) | Discover Financial Services (5 year CMT + 5.783%) | Discover Financial Services (5 year CMT + 5.783%) | Discover Financial Services (5 year CMT + 5.783%) |
| 1000000 | 6.125 <sup>(b)(e)</sup> | 12/31/99 | 995410 |
| Global Aircraft Leasing Co. Ltd.<sup>(g)</sup> (PIK 7.250%, Cash 6.500%) | Global Aircraft Leasing Co. Ltd.<sup>(g)</sup> (PIK 7.250%, Cash 6.500%) | Global Aircraft Leasing Co. Ltd.<sup>(g)</sup> (PIK 7.250%, Cash 6.500%) | Global Aircraft Leasing Co. Ltd.<sup>(g)</sup> (PIK 7.250%, Cash 6.500%) |
| 1947294 | 6.500 <sup>(a)(b)</sup> | 09/15/24 | 1785552 |
| Intercorp Financial Services, Inc. | Intercorp Financial Services, Inc. | Intercorp Financial Services, Inc. | Intercorp Financial Services, Inc. |
| 340000 | 4.125 <sup>(b)</sup> | 10/19/27 | 308890 |
| Jefferies Finance LLC/JFIN Co-Issuer Corp. | Jefferies Finance LLC/JFIN Co-Issuer Corp. | Jefferies Finance LLC/JFIN Co-Issuer Corp. | Jefferies Finance LLC/JFIN Co-Issuer Corp. |
| 3829000 | 5.000 <sup>(a)(b)</sup> | 08/15/28 | 3270196 |
| Midcap Financial Issuer Trust<sup>(a)(b)</sup> | Midcap Financial Issuer Trust<sup>(a)(b)</sup> | Midcap Financial Issuer Trust<sup>(a)(b)</sup> | Midcap Financial Issuer Trust<sup>(a)(b)</sup> |
| 2567000 | 6.500 | 05/01/28 | 2262271 |
| 810000 | 5.625 | 01/15/30 | 653710 |
| Nationstar Mortgage Holdings, Inc. | Nationstar Mortgage Holdings, Inc. | Nationstar Mortgage Holdings, Inc. | Nationstar Mortgage Holdings, Inc. |
| 2651000 | 5.500 <sup>(a)(b)</sup> | 08/15/28 | 2315967 |
| Navient Corp. | Navient Corp. | Navient Corp. | Navient Corp. |
| 4388000 | 5.500 <sup>(b)</sup> | 03/15/29 | 3884389 |
| NFP Corp. | NFP Corp. | NFP Corp. | NFP Corp. |
| 3360000 | 6.875 <sup>(a)(b)</sup> | 08/15/28 | 2909390 |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |
| 1602000 | 7.125 | 03/15/26 | 1593221 |
| 1643000 | 4.000 <sup>(b)</sup> | 09/15/30 | 1309553 |
| Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc. | Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc. | Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc. | Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc. |
| 1365000 | 6.375 <sup>(a)(b)</sup> | 02/01/27 | 1305568 |
| Raymond James Financial, Inc. | Raymond James Financial, Inc. | Raymond James Financial, Inc. | Raymond James Financial, Inc. |
| 900000 | 4.650 <sup>(b)</sup> | 04/01/30 | 895914 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.<sup>(a)(b)</sup> | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.<sup>(a)(b)</sup> | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.<sup>(a)(b)</sup> | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.<sup>(a)(b)</sup> |
| 2305000 | 2.875 | 10/15/26 | 2056060 |
| 2390000 | 4.000 | 10/15/33 | 1894888 |
| The Charles Schwab Corp. <sup>(b)(e)</sup> | The Charles Schwab Corp. <sup>(b)(e)</sup> | The Charles Schwab Corp. <sup>(b)(e)</sup> | The Charles Schwab Corp. <sup>(b)(e)</sup> |
| (5 year CMT + 3.168%) | (5 year CMT + 3.168%) | (5 year CMT + 3.168%) | (5 year CMT + 3.168%) |
| 2875000 | 4.000 | 12/31/99 | 2647932 |
| (5 year CMT + 4.971%) | (5 year CMT + 4.971%) | (5 year CMT + 4.971%) | (5 year CMT + 4.971%) |
| 2250000 | 5.375 | 12/31/99 | 2240167 |
| United Wholesale Mortgage LLC | United Wholesale Mortgage LLC | United Wholesale Mortgage LLC | United Wholesale Mortgage LLC |
| 3195000 | 5.500 <sup>(a)(b)</sup> | 04/15/29 | 2747892 |
| Universe Trek Ltd. | Universe Trek Ltd. | Universe Trek Ltd. | Universe Trek Ltd. |
| 400000 | 0.000 <sup>(c)(d)</sup> | 06/15/26 | 386500 |
| VistaJet Malta Finance PLC/XO Management Holding, Inc.<sup>(a)(b)</sup> | VistaJet Malta Finance PLC/XO Management Holding, Inc.<sup>(a)(b)</sup> | VistaJet Malta Finance PLC/XO Management Holding, Inc.<sup>(a)(b)</sup> | VistaJet Malta Finance PLC/XO Management Holding, Inc.<sup>(a)(b)</sup> |
| 1230000 | 7.875 | 05/01/27 | 1190259 |
| 3525000 | 6.375 | 02/01/30 | 3111588 |
|  |  |  | 65715684 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electrical – 0.8%** | **Electrical – 0.8%** | **Electrical – 0.8%** | **Electrical – 0.8%** |
| Adani Electricity Mumbai Ltd. | Adani Electricity Mumbai Ltd. | Adani Electricity Mumbai Ltd. | Adani Electricity Mumbai Ltd. |
| 470000 | 3.949% | 02/12/30 | $350150 |
| AES Panama Generation Holdings Srl | AES Panama Generation Holdings Srl | AES Panama Generation Holdings Srl | AES Panama Generation Holdings Srl |
| 1440000 | 4.375 <sup>(b)</sup> | 05/31/30 | 1281870 |
| Calpine Corp. | Calpine Corp. | Calpine Corp. | Calpine Corp. |
| 4215000 | 3.750 <sup>(a)(b)</sup> | 03/01/31 | 3514846 |
| Cikarang Listrindo Tbk PT | Cikarang Listrindo Tbk PT | Cikarang Listrindo Tbk PT | Cikarang Listrindo Tbk PT |
| 200000 | 4.950 <sup>(b)</sup> | 09/14/26 | 189038 |
| Energuate Trust<sup>(b)</sup> | Energuate Trust<sup>(b)</sup> | Energuate Trust<sup>(b)</sup> | Energuate Trust<sup>(b)</sup> |
| 470000 | 5.875 <sup>(a)</sup> | 05/03/27 | 448204 |
| EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA | EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA | EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA | EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA |
| 200000 | 5.375 <sup>(b)</sup> | 12/30/30 | 144704 |
| Eskom Holdings SOC Ltd. | Eskom Holdings SOC Ltd. | Eskom Holdings SOC Ltd. | Eskom Holdings SOC Ltd. |
| 430000 | 7.125 | 02/11/25 | 410327 |
| 220000 | 6.350 <sup>(h)</sup> | 08/10/28 | 210375 |
| 458000 | 8.450 | 08/10/28 | 438535 |
| Lamar Funding Ltd. | Lamar Funding Ltd. | Lamar Funding Ltd. | Lamar Funding Ltd. |
| 470000 | 3.958 | 05/07/25 | 448938 |
| LLPL Capital Pte Ltd. | LLPL Capital Pte Ltd. | LLPL Capital Pte Ltd. | LLPL Capital Pte Ltd. |
| 392472 | 6.875 | 02/04/39 | 357150 |
| Minejesa Capital B.V. | Minejesa Capital B.V. | Minejesa Capital B.V. | Minejesa Capital B.V. |
| 260000 | 4.625 | 08/10/30 | 240240 |
| Mong Duong Finance Holdings BV | Mong Duong Finance Holdings BV | Mong Duong Finance Holdings BV | Mong Duong Finance Holdings BV |
| 530000 | 5.125 <sup>(b)</sup> | 05/07/29 | 471302 |
| National Central Cooling Co. PJSC | National Central Cooling Co. PJSC | National Central Cooling Co. PJSC | National Central Cooling Co. PJSC |
| 820000 | 2.500 | 10/21/27 | 739179 |
| NRG Energy, Inc.<sup>(b)</sup> | NRG Energy, Inc.<sup>(b)</sup> | NRG Energy, Inc.<sup>(b)</sup> | NRG Energy, Inc.<sup>(b)</sup> |
| 2800000 | 3.750 <sup>(a)</sup> | 06/15/24 | 2721740 |
| 115000 | 5.750 | 01/15/28 | 109830 |
| 448000 | 3.375 <sup>(a)</sup> | 02/15/29 | 371199 |
| Pacific Gas & Electric Co. | Pacific Gas & Electric Co. | Pacific Gas & Electric Co. | Pacific Gas & Electric Co. |
| 1470000 | 3.500 <sup>(b)</sup> | 08/01/50 | 990604 |
| Pike Corp. | Pike Corp. | Pike Corp. | Pike Corp. |
| 2420000 | 5.500 <sup>(a)(b)</sup> | 09/01/28 | 2136158 |
| Sempra Energy (5 year CMT + 4.550%) | Sempra Energy (5 year CMT + 4.550%) | Sempra Energy (5 year CMT + 4.550%) | Sempra Energy (5 year CMT + 4.550%) |
| 3335000 | 4.875 <sup>(b)(e)</sup> | 12/31/99 | 3203901 |
|  |  |  | 18778290 |
| **Electrical Components & Equipment<sup>(a)(b)</sup> – 0.1%** | **Electrical Components & Equipment<sup>(a)(b)</sup> – 0.1%** | **Electrical Components & Equipment<sup>(a)(b)</sup> – 0.1%** | **Electrical Components & Equipment<sup>(a)(b)</sup> – 0.1%** |
| WESCO Distribution, Inc. | WESCO Distribution, Inc. | WESCO Distribution, Inc. | WESCO Distribution, Inc. |
| 1473000 | 7.250 | 06/15/28 | 1514995 |
| **Electronics<sup>(a)(b)</sup> – 0.3%** | **Electronics<sup>(a)(b)</sup> – 0.3%** | **Electronics<sup>(a)(b)</sup> – 0.3%** | **Electronics<sup>(a)(b)</sup> – 0.3%** |
| II-VI, Inc. | II-VI, Inc. | II-VI, Inc. | II-VI, Inc. |
| 1225000 | 5.000 | 12/15/29 | 1120005 |
| Imola Merger Corp. | Imola Merger Corp. | Imola Merger Corp. | Imola Merger Corp. |
| 6867000 | 4.750 | 05/15/29 | 5976694 |
| TTM Technologies, Inc. | TTM Technologies, Inc. | TTM Technologies, Inc. | TTM Technologies, Inc. |
| 799000 | 4.000 | 03/01/29 | 698046 |
|  |  |  | 7794745 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy-Alternate Sources<sup>(b)</sup> – 0.0%** | **Energy-Alternate Sources<sup>(b)</sup> – 0.0%** | **Energy-Alternate Sources<sup>(b)</sup> – 0.0%** | **Energy-Alternate Sources<sup>(b)</sup> – 0.0%** |
| Greenko Solar Mauritius Ltd. | Greenko Solar Mauritius Ltd. | Greenko Solar Mauritius Ltd. | Greenko Solar Mauritius Ltd. |
| 350000 | 5.950% | 07/29/26 | $325500 |
| Greenko Wind Projects Mauritius Ltd. | Greenko Wind Projects Mauritius Ltd. | Greenko Wind Projects Mauritius Ltd. | Greenko Wind Projects Mauritius Ltd. |
| 380000 | 5.500 | 04/06/25 | 357746 |
|  |  |  | 683246 |
| **Engineering & Construction<sup>(b)</sup> – 0.6%** | **Engineering & Construction<sup>(b)</sup> – 0.6%** | **Engineering & Construction<sup>(b)</sup> – 0.6%** | **Engineering & Construction<sup>(b)</sup> – 0.6%** |
| Aeropuerto Internacional de Tocumen SA | Aeropuerto Internacional de Tocumen SA | Aeropuerto Internacional de Tocumen SA | Aeropuerto Internacional de Tocumen SA |
| 1040000 | 5.125 | 08/11/61 | 843570 |
| Aeropuertos Dominicanos Siglo XXI SA | Aeropuertos Dominicanos Siglo XXI SA | Aeropuertos Dominicanos Siglo XXI SA | Aeropuertos Dominicanos Siglo XXI SA |
| 1630000 | 6.750 | 03/30/29 | 1608606 |
| Arcosa, Inc. | Arcosa, Inc. | Arcosa, Inc. | Arcosa, Inc. |
| 1221000 | 4.375 <sup>(a)</sup> | 04/15/29 | 1090304 |
| ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Par | ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Par | ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Par | ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Par |
| 950000 | 4.050 <sup>(a)</sup> | 04/27/26 | 854288 |
| Dycom Industries, Inc. | Dycom Industries, Inc. | Dycom Industries, Inc. | Dycom Industries, Inc. |
| 2764000 | 4.500 <sup>(a)</sup> | 04/15/29 | 2472039 |
| Global Infrastructure Solutions, Inc.<sup>(a)</sup> | Global Infrastructure Solutions, Inc.<sup>(a)</sup> | Global Infrastructure Solutions, Inc.<sup>(a)</sup> | Global Infrastructure Solutions, Inc.<sup>(a)</sup> |
| 4435000 | 5.625 | 06/01/29 | 3648541 |
| 1390000 | 7.500 | 04/15/32 | 1184780 |
| IHS Holding Ltd.<sup>(a)</sup> | IHS Holding Ltd.<sup>(a)</sup> | IHS Holding Ltd.<sup>(a)</sup> | IHS Holding Ltd.<sup>(a)</sup> |
| 750000 | 5.625 | 11/29/26 | 628763 |
| 200000 | 6.250 | 11/29/28 | 163713 |
| International Airport Finance SA | International Airport Finance SA | International Airport Finance SA | International Airport Finance SA |
| 665020 | 12.000 | 03/15/33 | 663541 |
| Mexico City Airport Trust | Mexico City Airport Trust | Mexico City Airport Trust | Mexico City Airport Trust |
| 320000 | 5.500 | 10/31/46 | 258203 |
| 580000 | 5.500 | 07/31/47 | 467364 |
|  |  |  | 13883712 |
| **Entertainment – 1.1%** | **Entertainment – 1.1%** | **Entertainment – 1.1%** | **Entertainment – 1.1%** |
| Allen Media LLC/Allen Media Co-Issuer, Inc. | Allen Media LLC/Allen Media Co-Issuer, Inc. | Allen Media LLC/Allen Media Co-Issuer, Inc. | Allen Media LLC/Allen Media Co-Issuer, Inc. |
| 1575000 | 10.500 <sup>(a)(b)</sup> | 02/15/28 | 646994 |
| Banijay Entertainment SASU | Banijay Entertainment SASU | Banijay Entertainment SASU | Banijay Entertainment SASU |
| 1800000 | 5.375 <sup>(a)(b)</sup> | 03/01/25 | 1736478 |
| Boyne USA, Inc. | Boyne USA, Inc. | Boyne USA, Inc. | Boyne USA, Inc. |
| 1275000 | 4.750 <sup>(a)(b)</sup> | 05/15/29 | 1155724 |
| Cinemark Holdings, Inc. | Cinemark Holdings, Inc. | Cinemark Holdings, Inc. | Cinemark Holdings, Inc. |
| 2840000 | 4.500 | 08/15/25 | 3191592 |
| Lions Gate Capital Holdings LLC | Lions Gate Capital Holdings LLC | Lions Gate Capital Holdings LLC | Lions Gate Capital Holdings LLC |
| 2540000 | 5.500 <sup>(a)(b)</sup> | 04/15/29 | 1649755 |
| Motion Bondco DAC | Motion Bondco DAC | Motion Bondco DAC | Motion Bondco DAC |
| 3250000 | 6.625 <sup>(a)(b)</sup> | 11/15/27 | 2938065 |
| Penn Entertainment, Inc. | Penn Entertainment, Inc. | Penn Entertainment, Inc. | Penn Entertainment, Inc. |
| 3067000 | 4.125 <sup>(a)(b)</sup> | 07/01/29 | 2535704 |
| Scientific Games International, Inc. | Scientific Games International, Inc. | Scientific Games International, Inc. | Scientific Games International, Inc. |
| 500000 | 7.000 <sup>(a)(b)</sup> | 05/15/28 | 495835 |
| SeaWorld Parks & Entertainment, Inc. | SeaWorld Parks & Entertainment, Inc. | SeaWorld Parks & Entertainment, Inc. | SeaWorld Parks & Entertainment, Inc. |
| 4880000 | 5.250 <sup>(a)(b)</sup> | 08/15/29 | 4429771 |
| Six Flags Entertainment Corp. | Six Flags Entertainment Corp. | Six Flags Entertainment Corp. | Six Flags Entertainment Corp. |
| 1854000 | 5.500 <sup>(a)(b)</sup> | 04/15/27 | 1749861 |
| Warnermedia Holdings, Inc.<sup>(a)(b)</sup> | Warnermedia Holdings, Inc.<sup>(a)(b)</sup> | Warnermedia Holdings, Inc.<sup>(a)(b)</sup> | Warnermedia Holdings, Inc.<sup>(a)(b)</sup> |
| 2300000 | 4.054 | 03/15/29 | 2110388 |
| 4775000 | 4.279 | 03/15/32 | 4246503 |
|  |  |  | 26886670 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Environmental<sup>(b)</sup> – 0.6%** | **Environmental<sup>(b)</sup> – 0.6%** | **Environmental<sup>(b)</sup> – 0.6%** | **Environmental<sup>(b)</sup> – 0.6%** | **Environmental<sup>(b)</sup> – 0.6%** |
|  Covanta Holding Corp. | Covanta Holding Corp. | Covanta Holding Corp. | Covanta Holding Corp. | Covanta Holding Corp. |
|  $ | 670000 | 5.000% | 09/01/30 | $571905 |
|  GFL Environmental, Inc.<sup>(a)</sup> | GFL Environmental, Inc.<sup>(a)</sup> | GFL Environmental, Inc.<sup>(a)</sup> | GFL Environmental, Inc.<sup>(a)</sup> | GFL Environmental, Inc.<sup>(a)</sup> |
|  | 730000 | 5.125 | 12/15/26 | 710356 |
|  | 6980000 | 4.000 | 08/01/28 | 6196006 |
|  Madison IAQ LLC<sup>(a)</sup> | Madison IAQ LLC<sup>(a)</sup> | Madison IAQ LLC<sup>(a)</sup> | Madison IAQ LLC<sup>(a)</sup> | Madison IAQ LLC<sup>(a)</sup> |
|  | 4294000 | 4.125 | 06/30/28 | 3781554 |
|  | 485000 | 5.875 | 06/30/29 | 389668 |
|  Stericycle, Inc. | Stericycle, Inc. | Stericycle, Inc. | Stericycle, Inc. | Stericycle, Inc. |
|  | 1950000 | 5.375 <sup>(a)</sup> | 07/15/24 | 1932470 |
|  |  |  |  | 13581959 |
|  **Food & Drug Retailing – 1.0%** | **Food & Drug Retailing – 1.0%** | **Food & Drug Retailing – 1.0%** | **Food & Drug Retailing – 1.0%** | **Food & Drug Retailing – 1.0%** |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertsons<br>LLC<sup>(a)(b)</sup> | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertsons<br>LLC<sup>(a)(b)</sup> | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertsons<br>LLC<sup>(a)(b)</sup> | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertsons<br>LLC<sup>(a)(b)</sup> | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertsons<br>LLC<sup>(a)(b)</sup> |
|  | 1995000 | 5.875 | 02/15/28 | 1950651 |
|  | 502000 | 4.875 | 02/15/30 | 462714 |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertson's LLC | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertson's LLC | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertson's LLC | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertson's LLC | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertson's LLC |
|  | 2595000 | 4.625 <sup>(a)(b)</sup> | 01/15/27 | 2463226 |
|  Bellis Acquisition Co. PLC | Bellis Acquisition Co. PLC | Bellis Acquisition Co. PLC | Bellis Acquisition Co. PLC | Bellis Acquisition Co. PLC |
|  GBP | 475000 | 3.250 <sup>(a)(b)</sup> | 02/16/26 | 482701 |
|  BRF GmbH | BRF GmbH | BRF GmbH | BRF GmbH | BRF GmbH |
|  $ | 1180000 | 4.350 | 09/29/26 | 1074759 |
|  H-Food Holdings LLC/Hearthside Finance Co., Inc. | H-Food Holdings LLC/Hearthside Finance Co., Inc. | H-Food Holdings LLC/Hearthside Finance Co., Inc. | H-Food Holdings LLC/Hearthside Finance Co., Inc. | H-Food Holdings LLC/Hearthside Finance Co., Inc. |
|  | 2820000 | 8.500 <sup>(a)(b)</sup> | 06/01/26 | 1929585 |
|  Kraft Heinz Foods Co.<sup>(b)</sup> | Kraft Heinz Foods Co.<sup>(b)</sup> | Kraft Heinz Foods Co.<sup>(b)</sup> | Kraft Heinz Foods Co.<sup>(b)</sup> | Kraft Heinz Foods Co.<sup>(b)</sup> |
|  | 2303000 | 5.000 | 07/15/35 | 2309471 |
|  | 2592000 | 4.375 | 06/01/46 | 2264967 |
|  Performance Food Group, Inc. | Performance Food Group, Inc. | Performance Food Group, Inc. | Performance Food Group, Inc. | Performance Food Group, Inc. |
|  | 1150000 | 5.500 <sup>(a)(b)</sup> | 10/15/27 | 1109808 |
|  Post Holdings, Inc. | Post Holdings, Inc. | Post Holdings, Inc. | Post Holdings, Inc. | Post Holdings, Inc. |
|  | 5984000 | 4.625 <sup>(a)(b)</sup> | 04/15/30 | 5266100 |
|  US Foods, Inc.<sup>(a)(b)</sup> | US Foods, Inc.<sup>(a)(b)</sup> | US Foods, Inc.<sup>(a)(b)</sup> | US Foods, Inc.<sup>(a)(b)</sup> | US Foods, Inc.<sup>(a)(b)</sup> |
|  | 2690000 | 4.750 | 02/15/29 | 2465277 |
|  | 1020000 | 4.625 | 06/01/30 | 918357 |
|  |  |  |  | 22697616 |
|  **Gaming<sup>(b)</sup> – 0.1%** | **Gaming<sup>(b)</sup> – 0.1%** | **Gaming<sup>(b)</sup> – 0.1%** | **Gaming<sup>(b)</sup> – 0.1%** | **Gaming<sup>(b)</sup> – 0.1%** |
|  MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International |
|  | 1832000 | 4.750 | 10/15/28 | 1660415 |
|  **Hand/Machine Tools<sup>(a)(b)</sup> – 0.1%** | **Hand/Machine Tools<sup>(a)(b)</sup> – 0.1%** | **Hand/Machine Tools<sup>(a)(b)</sup> – 0.1%** | **Hand/Machine Tools<sup>(a)(b)</sup> – 0.1%** | **Hand/Machine Tools<sup>(a)(b)</sup> – 0.1%** |
|  Regal Rexnord Corp. | Regal Rexnord Corp. | Regal Rexnord Corp. | Regal Rexnord Corp. | Regal Rexnord Corp. |
|  | 2020000 | 6.300 | 02/15/30 | 2056643 |
|  **Healthcare Providers & Services<sup>(b)</sup> – 1.2%** | **Healthcare Providers & Services<sup>(b)</sup> – 1.2%** | **Healthcare Providers & Services<sup>(b)</sup> – 1.2%** | **Healthcare Providers & Services<sup>(b)</sup> – 1.2%** | **Healthcare Providers & Services<sup>(b)</sup> – 1.2%** |
|  CAB SELAS | CAB SELAS | CAB SELAS | CAB SELAS | CAB SELAS |
|  EUR | 1175000 | 3.375 <sup>(a)</sup> | 02/01/28 | 1066119 |
|  Catalent Pharma Solutions, Inc.<sup>(a)</sup> | Catalent Pharma Solutions, Inc.<sup>(a)</sup> | Catalent Pharma Solutions, Inc.<sup>(a)</sup> | Catalent Pharma Solutions, Inc.<sup>(a)</sup> | Catalent Pharma Solutions, Inc.<sup>(a)</sup> |
|  $ | 1005000 | 3.125 | 02/15/29 | 833909 |
|  | 840000 | 3.500 | 04/01/30 | 694025 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br>**Amount** | **Interest**<br>**Rate** | **Maturity**<br>**Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Healthcare Providers & Services<sup>(b)</sup> – (continued)** | **Healthcare Providers & Services<sup>(b)</sup> – (continued)** | **Healthcare Providers & Services<sup>(b)</sup> – (continued)** | **Healthcare Providers & Services<sup>(b)</sup> – (continued)** |
| Chrome Holdco SASU | Chrome Holdco SASU | Chrome Holdco SASU | Chrome Holdco SASU |
| 2100000 | 5.000 %<sup>(a)</sup> | 05/31/29 | $1769497 |
| CHS/Community Health Systems, Inc.<sup>(a)</sup> | CHS/Community Health Systems, Inc.<sup>(a)</sup> | CHS/Community Health Systems, Inc.<sup>(a)</sup> | CHS/Community Health Systems, Inc.<sup>(a)</sup> |
| 1540000 | 6.125 | 04/01/30 | 932532 |
| 2170000 | 4.750 | 02/15/31 | 1667124 |
| DaVita, Inc. | DaVita, Inc. | DaVita, Inc. | DaVita, Inc. |
| 7070000 | 3.750 <sup>(a)</sup> | 02/15/31 | 5496147 |
| Encompass Health Corp. | Encompass Health Corp. | Encompass Health Corp. | Encompass Health Corp. |
| 1200000 | 4.500 | 02/01/28 | 1120440 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 250000 | 5.875 | 02/15/26 | 254113 |
| Laboratoire Eimer Selas | Laboratoire Eimer Selas | Laboratoire Eimer Selas | Laboratoire Eimer Selas |
| 500000 | 5.000 <sup>(a)</sup> | 02/01/29 | 420928 |
| LifePoint Health, Inc. | LifePoint Health, Inc. | LifePoint Health, Inc. | LifePoint Health, Inc. |
| 2635000 | 5.375 <sup>(a)</sup> | 01/15/29 | 1765397 |
| Medline Borrower LP<sup>(a)</sup> | Medline Borrower LP<sup>(a)</sup> | Medline Borrower LP<sup>(a)</sup> | Medline Borrower LP<sup>(a)</sup> |
| 3270000 | 3.875 | 04/01/29 | 2797943 |
| 2285000 | 5.250 | 10/01/29 | 1917618 |
| Molina Healthcare, Inc. | Molina Healthcare, Inc. | Molina Healthcare, Inc. | Molina Healthcare, Inc. |
| 1893000 | 3.875 <sup>(a)</sup> | 05/15/32 | 1587848 |
| Select Medical Corp. | Select Medical Corp. | Select Medical Corp. | Select Medical Corp. |
| 1700000 | 6.250 <sup>(a)</sup> | 08/15/26 | 1660169 |
| Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. |
| 2000000 | 6.250 | 02/01/27 | 1955000 |
| 3289000 | 6.125 <sup>(a)</sup> | 06/15/30 | 3194573 |
|  |  |  | 29133382 |
| **Holding Companies-Diversified<sup>(b)</sup> – 0.0%** | **Holding Companies-Diversified<sup>(b)</sup> – 0.0%** | **Holding Companies-Diversified<sup>(b)</sup> – 0.0%** | **Holding Companies-Diversified<sup>(b)</sup> – 0.0%** |
| KOC Holding A/S | KOC Holding A/S | KOC Holding A/S | KOC Holding A/S |
| 700000 | 6.500 | 03/11/25 | 687225 |
| **Home Builders – 0.6%** | **Home Builders – 0.6%** | **Home Builders – 0.6%** | **Home Builders – 0.6%** |
| Brookfield Residential Properties, Inc./Brookfield Residential US LLC | Brookfield Residential Properties, Inc./Brookfield Residential US LLC | Brookfield Residential Properties, Inc./Brookfield Residential US LLC | Brookfield Residential Properties, Inc./Brookfield Residential US LLC |
| 1642000 | 4.875 <sup>(a)(b)</sup> | 02/15/30 | 1277181 |
| Century Communities, Inc. | Century Communities, Inc. | Century Communities, Inc. | Century Communities, Inc. |
| 4550000 | 3.875 <sup>(a)(b)</sup> | 08/15/29 | 3828461 |
| Installed Building Products, Inc. | Installed Building Products, Inc. | Installed Building Products, Inc. | Installed Building Products, Inc. |
| 800000 | 5.750 <sup>(a)(b)</sup> | 02/01/28 | 737360 |
| KB Home | KB Home | KB Home | KB Home |
| 1805000 | 7.250 <sup>(b)</sup> | 07/15/30 | 1812725 |
| LGI Homes, Inc. | LGI Homes, Inc. | LGI Homes, Inc. | LGI Homes, Inc. |
| 3698000 | 4.000 <sup>(a)(b)</sup> | 07/15/29 | 2994751 |
| PulteGroup, Inc. | PulteGroup, Inc. | PulteGroup, Inc. | PulteGroup, Inc. |
| 3000000 | 7.875 | 06/15/32 | 3452880 |
| Taylor Morrison Communities, Inc. | Taylor Morrison Communities, Inc. | Taylor Morrison Communities, Inc. | Taylor Morrison Communities, Inc. |
| 1301000 | 5.125 <sup>(a)(b)</sup> | 08/01/30 | 1189244 |
|  |  |  | 15292602 |
| **Home Furnishings<sup>(a)(b)</sup> – 0.1%** | **Home Furnishings<sup>(a)(b)</sup> – 0.1%** | **Home Furnishings<sup>(a)(b)</sup> – 0.1%** | **Home Furnishings<sup>(a)(b)</sup> – 0.1%** |
| Tempur Sealy International, Inc. | Tempur Sealy International, Inc. | Tempur Sealy International, Inc. | Tempur Sealy International, Inc. |
| 1515000 | 3.875 | 10/15/31 | 1249814 |
| **Household Products<sup>(b)</sup> – 0.1%** | **Household Products<sup>(b)</sup> – 0.1%** | **Household Products<sup>(b)</sup> – 0.1%** | **Household Products<sup>(b)</sup> – 0.1%** |
| Central Garden & Pet Co. | Central Garden & Pet Co. | Central Garden & Pet Co. | Central Garden & Pet Co. |
| 1380000 | 4.125 | 10/15/30 | 1173414 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Household Products<sup>(b)</sup> – (continued)** | **Household Products<sup>(b)</sup> – (continued)** | **Household Products<sup>(b)</sup> – (continued)** |  |
| Spectrum Brands, Inc. | Spectrum Brands, Inc. | Spectrum Brands, Inc. | Spectrum Brands, Inc. |
| 108000 | 5.750% | 07/15/25 | $107187 |
|  |  |  | 1280601 |
| **Housewares<sup>(b)</sup> – 0.2%** | **Housewares<sup>(b)</sup> – 0.2%** | **Housewares<sup>(b)</sup> – 0.2%** |  |
| CD&R Smokey Buyer, Inc. | CD&R Smokey Buyer, Inc. | CD&R Smokey Buyer, Inc. | CD&R Smokey Buyer, Inc. |
| 1094000 | 6.750 <sup>(a)</sup> | 07/15/25 | 992554 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| 1380000 | 5.750 | 04/01/46 | 1149043 |
| The Scotts Miracle-Gro Co. | The Scotts Miracle-Gro Co. | The Scotts Miracle-Gro Co. | The Scotts Miracle-Gro Co. |
| 3702000 | 4.000 | 04/01/31 | 3006468 |
| Turkiye Sise ve Cam Fabrikalari A/S | Turkiye Sise ve Cam Fabrikalari A/S | Turkiye Sise ve Cam Fabrikalari A/S | Turkiye Sise ve Cam Fabrikalari A/S |
| 530000 | 6.950 | 03/14/26 | 513040 |
|  |  |  | 5661105 |
| **Insurance – 0.9%** | **Insurance – 0.9%** | **Insurance – 0.9%** |  |
| Acrisure LLC/Acrisure Finance, Inc.<sup>(a)(b)</sup> | Acrisure LLC/Acrisure Finance, Inc.<sup>(a)(b)</sup> | Acrisure LLC/Acrisure Finance, Inc.<sup>(a)(b)</sup> | Acrisure LLC/Acrisure Finance, Inc.<sup>(a)(b)</sup> |
| 1550000 | 10.125 | 08/01/26 | 1557285 |
| 2230000 | 4.250 | 02/15/29 | 1851324 |
| 2490000 | 6.000 | 08/01/29 | 2053777 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |
| 1666000 | 6.750 <sup>(a)(b)</sup> | 10/15/27 | 1560092 |
| American International Group, Inc. | American International Group, Inc. | American International Group, Inc. | American International Group, Inc. |
| 2250000 | 3.400 <sup>(b)</sup> | 06/30/30 | 2059560 |
| BroadStreet Partners, Inc. | BroadStreet Partners, Inc. | BroadStreet Partners, Inc. | BroadStreet Partners, Inc. |
| 2940000 | 5.875 <sup>(a)(b)</sup> | 04/15/29 | 2595373 |
| Fidelity & Guaranty Life Holdings, Inc. | Fidelity & Guaranty Life Holdings, Inc. | Fidelity & Guaranty Life Holdings, Inc. | Fidelity & Guaranty Life Holdings, Inc. |
| 2850000 | 5.500 <sup>(a)(b)</sup> | 05/01/25 | 2845183 |
| Markel Corp. (5 year CMT + 5.662%) | Markel Corp. (5 year CMT + 5.662%) | Markel Corp. (5 year CMT + 5.662%) | Markel Corp. (5 year CMT + 5.662%) |
| 1500000 | 6.000 <sup>(b)(e)</sup> | 12/31/99 | 1490505 |
| Prudential Financial, Inc.<sup>(b)(e)</sup> | Prudential Financial, Inc.<sup>(b)(e)</sup> | Prudential Financial, Inc.<sup>(b)(e)</sup> | Prudential Financial, Inc.<sup>(b)(e)</sup> |
| (3M USD LIBOR + 3.920%) | (3M USD LIBOR + 3.920%) | (3M USD LIBOR + 3.920%) | (3M USD LIBOR + 3.920%) |
| 1000000 | 5.625 | 06/15/43 | 994180 |
| (5 year CMT + 3.234%) | (5 year CMT + 3.234%) | (5 year CMT + 3.234%) | (5 year CMT + 3.234%) |
| 1500000 | 6.000 | 09/01/52 | 1493310 |
| Sagicor Financial Co. Ltd. | Sagicor Financial Co. Ltd. | Sagicor Financial Co. Ltd. | Sagicor Financial Co. Ltd. |
| 790000 | 5.300 <sup>(a)(b)</sup> | 05/13/28 | 763535 |
| Transatlantic Holdings, Inc. | Transatlantic Holdings, Inc. | Transatlantic Holdings, Inc. | Transatlantic Holdings, Inc. |
| 75000 | 8.000 | 11/30/39 | 98374 |
| USI, Inc. | USI, Inc. | USI, Inc. | USI, Inc. |
| 1850000 | 6.875 <sup>(a)(b)</sup> | 05/01/25 | 1840898 |
|  |  |  | 21203396 |
| **Internet – 1.6%** | **Internet – 1.6%** | **Internet – 1.6%** |  |
| Booking Holdings, Inc. | Booking Holdings, Inc. | Booking Holdings, Inc. | Booking Holdings, Inc. |
| 2850000 | 4.625 <sup>(b)</sup> | 04/13/30 | 2863281 |
| Endurance International Group Holdings, Inc. | Endurance International Group Holdings, Inc. | Endurance International Group Holdings, Inc. | Endurance International Group Holdings, Inc. |
| 4173000 | 6.000 <sup>(a)(b)</sup> | 02/15/29 | 3004935 |
| Expedia Group, Inc.<sup>(b)</sup> | Expedia Group, Inc.<sup>(b)</sup> | Expedia Group, Inc.<sup>(b)</sup> | Expedia Group, Inc.<sup>(b)</sup> |
| 1160000 | 6.250 <sup>(a)</sup> | 05/01/25 | 1180114 |
| 1382000 | 4.625 | 08/01/27 | 1359722 |
| 3425000 | 3.250 | 02/15/30 | 3011226 |
| Gen Digital, Inc. | Gen Digital, Inc. | Gen Digital, Inc. | Gen Digital, Inc. |
| 4000000 | 5.000 <sup>(a)(b)</sup> | 04/15/25 | 3922080 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Internet – (continued)** | **Internet – (continued)** | **Internet – (continued)** | **Internet – (continued)** |
| Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. |
| 3720000 | 9.750 %<sup>(a)(b)</sup> | 03/01/27 | $3690575 |
| Go Daddy Operating Co. LLC/GD Finance Co., Inc. | Go Daddy Operating Co. LLC/GD Finance Co., Inc. | Go Daddy Operating Co. LLC/GD Finance Co., Inc. | Go Daddy Operating Co. LLC/GD Finance Co., Inc. |
| 1305000 | 5.250 <sup>(a)(b)</sup> | 12/01/27 | 1264075 |
| GrubHub Holdings, Inc. | GrubHub Holdings, Inc. | GrubHub Holdings, Inc. | GrubHub Holdings, Inc. |
| 3400000 | 5.500 <sup>(a)(b)</sup> | 07/01/27 | 2729384 |
| ION Trading Technologies Sarl | ION Trading Technologies Sarl | ION Trading Technologies Sarl | ION Trading Technologies Sarl |
| 1868000 | 5.750 <sup>(a)(b)</sup> | 05/15/28 | 1599961 |
| Match Group Holdings II LLC | Match Group Holdings II LLC | Match Group Holdings II LLC | Match Group Holdings II LLC |
| 2103000 | 3.625 <sup>(a)(b)</sup> | 10/01/31 | 1687721 |
| Meituan<sup>(b)</sup> | Meituan<sup>(b)</sup> | Meituan<sup>(b)</sup> | Meituan<sup>(b)</sup> |
| 480000 | 3.050 | 10/28/30 | 387324 |
| Prosus NV | Prosus NV | Prosus NV | Prosus NV |
| 600000 | 3.257 <sup>(b)</sup> | 01/19/27 | 544500 |
| Uber Technologies, Inc.<sup>(a)(b)</sup> | Uber Technologies, Inc.<sup>(a)(b)</sup> | Uber Technologies, Inc.<sup>(a)(b)</sup> | Uber Technologies, Inc.<sup>(a)(b)</sup> |
| 3200000 | 7.500 | 05/15/25 | 3248576 |
| 1800000 | 6.250 | 01/15/28 | 1762002 |
| 4090000 | 4.500 | 08/15/29 | 3647217 |
| United Group B.V. | United Group B.V. | United Group B.V. | United Group B.V. |
| 1225000 | 4.625 <sup>(a)(b)</sup> | 08/15/28 | 1077203 |
| Vnet Group, Inc. | Vnet Group, Inc. | Vnet Group, Inc. | Vnet Group, Inc. |
| 220000 | 0.000 <sup>(c)(d)</sup> | 02/01/26 | 188615 |
|  |  |  | 37168511 |
| **Investment Companies<sup>(b)</sup> – 0.2%** | **Investment Companies<sup>(b)</sup> – 0.2%** | **Investment Companies<sup>(b)</sup> – 0.2%** |  |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | Icahn Enterprises LP/Icahn Enterprises Finance Corp. | Icahn Enterprises LP/Icahn Enterprises Finance Corp. | Icahn Enterprises LP/Icahn Enterprises Finance Corp. |
| 5743000 | 4.375 | 02/01/29 | 5005254 |
| **Iron/Steel – 0.2%** | **Iron/Steel – 0.2%** | **Iron/Steel – 0.2%** |  |
| CAP SA | CAP SA | CAP SA | CAP SA |
| 200000 | 3.900 <sup>(a)(b)</sup> | 04/27/31 | 164250 |
| Cleveland-Cliffs, Inc.<sup>(b)</sup> | Cleveland-Cliffs, Inc.<sup>(b)</sup> | Cleveland-Cliffs, Inc.<sup>(b)</sup> | Cleveland-Cliffs, Inc.<sup>(b)</sup> |
| 2250000 | 5.875 | 06/01/27 | 2212133 |
| 1620000 | 4.875 <sup>(a)</sup> | 03/01/31 | 1513647 |
| Metinvest B.V.<sup>(b)</sup> | Metinvest B.V.<sup>(b)</sup> | Metinvest B.V.<sup>(b)</sup> | Metinvest B.V.<sup>(b)</sup> |
| 200000 | 7.750 | 04/23/23 | 160125 |
| 200000 | 8.500 | 04/23/26 | 105500 |
| Samarco Mineracao SA | Samarco Mineracao SA | Samarco Mineracao SA | Samarco Mineracao SA |
| 400000 | 4.125 <sup>(i)</sup> | 11/01/22 | 149575 |
| Vale Overseas Ltd. | Vale Overseas Ltd. | Vale Overseas Ltd. | Vale Overseas Ltd. |
| 460000 | 3.750 <sup>(b)</sup> | 07/08/30 | 409538 |
|  |  |  | 4714768 |
| **Leisure Time<sup>(a)(b)</sup> – 0.0%** | **Leisure Time<sup>(a)(b)</sup> – 0.0%** | **Leisure Time<sup>(a)(b)</sup> – 0.0%** |  |
| TUI Cruises GmbH | TUI Cruises GmbH | TUI Cruises GmbH |  |
| 1100000 | 6.500 | 05/15/26 | 1076147 |
| **Lodging<sup>(b)</sup> – 0.2%** | **Lodging<sup>(b)</sup> – 0.2%** | **Lodging<sup>(b)</sup> – 0.2%** |  |
| Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc | Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc | Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc | Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc |
| 3795000 | 5.000 <sup>(a)</sup> | 06/01/29 | 3392540 |
| Marriott Ownership Resorts, Inc. | Marriott Ownership Resorts, Inc. | Marriott Ownership Resorts, Inc. | Marriott Ownership Resorts, Inc. |
| 710000 | 4.500 <sup>(a)</sup> | 06/15/29 | 619305 |
| Melco Resorts Finance Ltd. | Melco Resorts Finance Ltd. | Melco Resorts Finance Ltd. | Melco Resorts Finance Ltd. |
| 630000 | 5.625 | 07/17/27 | 571449 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Lodging<sup>(b)</sup> – (continued)** | **Lodging<sup>(b)</sup> – (continued)** | **Lodging<sup>(b)</sup> – (continued)** | **Lodging<sup>(b)</sup> – (continued)** |
| Studio City Finance Ltd. | Studio City Finance Ltd. | Studio City Finance Ltd. | Studio City Finance Ltd. |
| 200000 | 6.000% | 07/15/25 | $185500 |
| Travel + Leisure Co. | Travel + Leisure Co. | Travel + Leisure Co. | Travel + Leisure Co. |
| 598000 | 6.625 <sup>(a)</sup> | 07/31/26 | 593611 |
|  |  |  | 5362405 |
| **Machinery - Construction & Mining<sup>(a)(b)</sup> – 0.1%** | **Machinery - Construction & Mining<sup>(a)(b)</sup> – 0.1%** | **Machinery - Construction & Mining<sup>(a)(b)</sup> – 0.1%** | **Machinery - Construction & Mining<sup>(a)(b)</sup> – 0.1%** |
| BWX Technologies, Inc. | BWX Technologies, Inc. | BWX Technologies, Inc. | BWX Technologies, Inc. |
| 1023000 | 4.125 | 06/30/28 | 927595 |
| Vertiv Group Corp. | Vertiv Group Corp. | Vertiv Group Corp. | Vertiv Group Corp. |
| 2956000 | 4.125 | 11/15/28 | 2571365 |
|  |  |  | 3498960 |
| **Machinery-Diversified<sup>(a)(b)</sup> – 0.3%** | **Machinery-Diversified<sup>(a)(b)</sup> – 0.3%** | **Machinery-Diversified<sup>(a)(b)</sup> – 0.3%** | **Machinery-Diversified<sup>(a)(b)</sup> – 0.3%** |
| Chart Industries, Inc. | Chart Industries, Inc. | Chart Industries, Inc. | Chart Industries, Inc. |
| 1735000 | 7.500 | 01/01/30 | 1772337 |
| Titan Acquisition Ltd./Titan Co-Borrower LLC | Titan Acquisition Ltd./Titan Co-Borrower LLC | Titan Acquisition Ltd./Titan Co-Borrower LLC | Titan Acquisition Ltd./Titan Co-Borrower LLC |
| 588000 | 7.750 | 04/15/26 | 556072 |
| TK Elevator Holdco GmbH | TK Elevator Holdco GmbH | TK Elevator Holdco GmbH | TK Elevator Holdco GmbH |
| 4509000 | 7.625 | 07/15/28 | 4005345 |
|  |  |  | 6333754 |
| **Media – 3.2%** | **Media – 3.2%** | **Media – 3.2%** | **Media – 3.2%** |
| Altice Financing SA<sup>(a)(b)</sup> | Altice Financing SA<sup>(a)(b)</sup> | Altice Financing SA<sup>(a)(b)</sup> | Altice Financing SA<sup>(a)(b)</sup> |
| 1848000 | 5.000 | 01/15/28 | 1571040 |
| 2975000 | 4.250 | 08/15/29 | 2608602 |
| CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(a)(b)</sup> | CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(a)(b)</sup> | CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(a)(b)</sup> | CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(a)(b)</sup> |
| 4980000 | 4.750 | 03/01/30 | 4354811 |
| 4800000 | 4.750 | 02/01/32 | 4078848 |
| 6580000 | 4.250 | 01/15/34 | 5142994 |
| Charter Communications Operating LLC/Charter Communications Operating Capital | Charter Communications Operating LLC/Charter Communications Operating Capital | Charter Communications Operating LLC/Charter Communications Operating Capital | Charter Communications Operating LLC/Charter Communications Operating Capital |
| 12000000 | 6.384 <sup>(b)</sup> | 10/23/35 | 12226080 |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 2827000 | 2.800 <sup>(b)</sup> | 01/15/51 | 1959422 |
| Cumulus Media New Holdings, Inc. | Cumulus Media New Holdings, Inc. | Cumulus Media New Holdings, Inc. | Cumulus Media New Holdings, Inc. |
| 2421000 | 6.750 <sup>(a)(b)</sup> | 07/01/26 | 2021196 |
| Diamond Sports Group LLC/Diamond Sports Finance Co. | Diamond Sports Group LLC/Diamond Sports Finance Co. | Diamond Sports Group LLC/Diamond Sports Finance Co. | Diamond Sports Group LLC/Diamond Sports Finance Co. |
| 3345000 | 6.625 <sup>(a)(b)</sup> | 08/15/27 | 68071 |
| Directv Financing LLC/Directv Financing Co.-Obligor, Inc. | Directv Financing LLC/Directv Financing Co.-Obligor, Inc. | Directv Financing LLC/Directv Financing Co.-Obligor, Inc. | Directv Financing LLC/Directv Financing Co.-Obligor, Inc. |
| 5980000 | 5.875 <sup>(a)(b)</sup> | 08/15/27 | 5416445 |
| DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. |
| 1720000 | 5.250 <sup>(a)(b)</sup> | 12/01/26 | 1482038 |
| 1700000 | 7.375 <sup>(b)</sup> | 07/01/28 | 1222198 |
| 4195000 | 5.125 | 06/01/29 | 2667810 |
| iHeartCommunications, Inc.<sup>(b)</sup> | iHeartCommunications, Inc.<sup>(b)</sup> | iHeartCommunications, Inc.<sup>(b)</sup> | iHeartCommunications, Inc.<sup>(b)</sup> |
| 4605000 | 8.375 | 05/01/27 | 4128336 |
| 550000 | 4.750 <sup>(a)</sup> | 01/15/28 | 470580 |
| LCPR Senior Secured Financing DAC | LCPR Senior Secured Financing DAC | LCPR Senior Secured Financing DAC | LCPR Senior Secured Financing DAC |
| 3156000 | 5.125 <sup>(a)(b)</sup> | 07/15/29 | 2775954 |
| News Corp. | News Corp. | News Corp. | News Corp. |
| 2470000 | 3.875 <sup>(a)(b)</sup> | 05/15/29 | 2212824 |
| Nexstar Media, Inc. | Nexstar Media, Inc. | Nexstar Media, Inc. | Nexstar Media, Inc. |
| 1500000 | 5.625 <sup>(a)(b)</sup> | 07/15/27 | 1429020 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Media – (continued)** | **Media – (continued)** | **Media – (continued)** | **Media – (continued)** |
| Scripps Escrow II, Inc. | Scripps Escrow II, Inc. | Scripps Escrow II, Inc. | Scripps Escrow II, Inc. |
| 1305000 | 5.375 %<sup>(a)(b)</sup> | 01/15/31 | $1052652 |
| Scripps Escrow, Inc. | Scripps Escrow, Inc. | Scripps Escrow, Inc. | Scripps Escrow, Inc. |
| 1050000 | 5.875 <sup>(a)(b)</sup> | 07/15/27 | 937839 |
| Sinclair Television Group, Inc. | Sinclair Television Group, Inc. | Sinclair Television Group, Inc. | Sinclair Television Group, Inc. |
| 1210000 | 5.125 <sup>(a)(b)</sup> | 02/15/27 | 1073088 |
| Sirius XM Radio, Inc.<sup>(a)(b)</sup> | Sirius XM Radio, Inc.<sup>(a)(b)</sup> | Sirius XM Radio, Inc.<sup>(a)(b)</sup> | Sirius XM Radio, Inc.<sup>(a)(b)</sup> |
| 820000 | 3.125 | 09/01/26 | 739279 |
| 5020000 | 4.000 | 07/15/28 | 4462429 |
| 2260000 | 3.875 | 09/01/31 | 1859483 |
| TEGNA, Inc. | TEGNA, Inc. | TEGNA, Inc. | TEGNA, Inc. |
| 2300000 | 4.625 <sup>(b)</sup> | 03/15/28 | 2160091 |
| Telecomunicaciones Digitales SA | Telecomunicaciones Digitales SA | Telecomunicaciones Digitales SA | Telecomunicaciones Digitales SA |
| 450000 | 4.500 <sup>(b)</sup> | 01/30/30 | 396281 |
| Townsquare Media, Inc. | Townsquare Media, Inc. | Townsquare Media, Inc. | Townsquare Media, Inc. |
| 2038000 | 6.875 <sup>(a)(b)</sup> | 02/01/26 | 1910931 |
| Urban One, Inc. | Urban One, Inc. | Urban One, Inc. | Urban One, Inc. |
| 3900000 | 7.375 <sup>(a)(b)</sup> | 02/01/28 | 3521388 |
| Ziggo B.V. | Ziggo B.V. | Ziggo B.V. | Ziggo B.V. |
| 1628000 | 4.875 <sup>(a)(b)</sup> | 01/15/30 | 1420186 |
| Ziggo Bond Co. B.V.<sup>(a)(b)</sup> | Ziggo Bond Co. B.V.<sup>(a)(b)</sup> | Ziggo Bond Co. B.V.<sup>(a)(b)</sup> | Ziggo Bond Co. B.V.<sup>(a)(b)</sup> |
| 675000 | 3.375 | 02/28/30 | 568356 |
| 500000 | 5.125 | 02/28/30 | 413170 |
|  |  |  | 76351442 |
| **Mining – 0.5%** | **Mining – 0.5%** | **Mining – 0.5%** | **Mining – 0.5%** |
| Constellium SE | Constellium SE | Constellium SE | Constellium SE |
| 2585000 | 3.750 <sup>(a)(b)</sup> | 04/15/29 | 2209167 |
| Endeavour Mining PLC<sup>(b)</sup> | Endeavour Mining PLC<sup>(b)</sup> | Endeavour Mining PLC<sup>(b)</sup> | Endeavour Mining PLC<sup>(b)</sup> |
| 200000 | 5.000 <sup>(a)</sup> | 10/14/26 | 176725 |
| 200000 | 5.000 | 10/14/26 | 176725 |
| First Quantum Minerals Ltd.<sup>(b)</sup> | First Quantum Minerals Ltd.<sup>(b)</sup> | First Quantum Minerals Ltd.<sup>(b)</sup> | First Quantum Minerals Ltd.<sup>(b)</sup> |
| 550000 | 6.875 <sup>(a)</sup> | 10/15/27 | 530461 |
| Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. |
| 2000000 | 5.400 <sup>(b)</sup> | 11/14/34 | 1993820 |
| Glencore Finance Canada Ltd. | Glencore Finance Canada Ltd. | Glencore Finance Canada Ltd. | Glencore Finance Canada Ltd. |
| 3000000 | 5.550 <sup>(a)</sup> | 10/25/42 | 2879070 |
| Glencore Funding LLC | Glencore Funding LLC | Glencore Funding LLC | Glencore Funding LLC |
| 2975000 | 2.850 <sup>(a)(b)</sup> | 04/27/31 | 2551003 |
| Novelis Corp. | Novelis Corp. | Novelis Corp. | Novelis Corp. |
| 2400000 | 4.750 <sup>(a)(b)</sup> | 01/30/30 | 2193408 |
| Stillwater Mining Co. | Stillwater Mining Co. | Stillwater Mining Co. | Stillwater Mining Co. |
| 200000 | 4.000 <sup>(b)</sup> | 11/16/26 | 185000 |
|  |  |  | 12895379 |
| **Miscellaneous Manufacturing – 0.3%** | **Miscellaneous Manufacturing – 0.3%** | **Miscellaneous Manufacturing – 0.3%** | **Miscellaneous Manufacturing – 0.3%** |
| General Electric Co. | General Electric Co. | General Electric Co. | General Electric Co. |
| 1950000 | 6.750 | 03/15/32 | 2244255 |
| (3M USD LIBOR + 3.330%) | (3M USD LIBOR + 3.330%) | (3M USD LIBOR + 3.330%) | (3M USD LIBOR + 3.330%) |
| 4477000 | 8.099 <sup>(b)(e)</sup> | 12/29/49 | 4460972 |
| Hillenbrand, Inc. | Hillenbrand, Inc. | Hillenbrand, Inc. | Hillenbrand, Inc. |
| 1349000 | 3.750 <sup>(b)</sup> | 03/01/31 | 1136897 |
|  |  |  | 7842124 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Multi-National – 0.1%** | **Multi-National – 0.1%** | **Multi-National – 0.1%** | **Multi-National – 0.1%** |
| Black Sea Trade & Development Bank | Black Sea Trade & Development Bank | Black Sea Trade & Development Bank | Black Sea Trade & Development Bank |
| 270000 | 3.500% | 06/25/24 | $245565 |
| The African Export-Import Bank | The African Export-Import Bank | The African Export-Import Bank | The African Export-Import Bank |
| 670000 | 3.994 <sup>(b)</sup> | 09/21/29 | 593453 |
| The Eastern & Southern African Trade & Development Bank | The Eastern & Southern African Trade & Development Bank | The Eastern & Southern African Trade & Development Bank | The Eastern & Southern African Trade & Development Bank |
| 750000 | 4.875 | 05/23/24 | 730680 |
| 520000 | 4.125 | 06/30/28 | 446503 |
|  |  |  | 2016201 |
| **Office & Business Equipment<sup>(b)</sup> – 0.1%** | **Office & Business Equipment<sup>(b)</sup> – 0.1%** | **Office & Business Equipment<sup>(b)</sup> – 0.1%** | **Office & Business Equipment<sup>(b)</sup> – 0.1%** |
| CDW LLC/CDW Finance Corp. | CDW LLC/CDW Finance Corp. | CDW LLC/CDW Finance Corp. | CDW LLC/CDW Finance Corp. |
| 1440000 | 4.125 | 05/01/25 | 1394453 |
| Xerox Holdings Corp. | Xerox Holdings Corp. | Xerox Holdings Corp. | Xerox Holdings Corp. |
| 1055000 | 5.000 <sup>(a)</sup> | 08/15/25 | 986467 |
|  |  |  | 2380920 |
| **Oil & Gas – 0.0%** | **Oil & Gas – 0.0%** | **Oil & Gas – 0.0%** | **Oil & Gas – 0.0%** |
| YPF SA | YPF SA | YPF SA | YPF SA |
| 218750 | 8.500 | 03/23/25 | 206213 |
| **Oil Field Services – 2.4%** | **Oil Field Services – 2.4%** | **Oil Field Services – 2.4%** | **Oil Field Services – 2.4%** |
| California Resources Corp. | California Resources Corp. | California Resources Corp. | California Resources Corp. |
| 2135000 | 7.125 <sup>(a)(b)</sup> | 02/01/26 | 2077825 |
| Cia General de Combustibles SA | Cia General de Combustibles SA | Cia General de Combustibles SA | Cia General de Combustibles SA |
| 121380 | 9.500 <sup>(a)</sup> | 03/08/25 | 123049 |
| Civitas Resources, Inc. | Civitas Resources, Inc. | Civitas Resources, Inc. | Civitas Resources, Inc. |
| 1345000 | 5.000 <sup>(a)(b)</sup> | 10/15/26 | 1259014 |
| Continental Resources, Inc. | Continental Resources, Inc. | Continental Resources, Inc. | Continental Resources, Inc. |
| 1306000 | 5.750 <sup>(a)(b)</sup> | 01/15/31 | 1282009 |
| DNO ASA<sup>(a)(b)</sup> | DNO ASA<sup>(a)(b)</sup> | DNO ASA<sup>(a)(b)</sup> | DNO ASA<sup>(a)(b)</sup> |
| 196690 | 8.375 | 05/29/24 | 196321 |
| 1430000 | 7.875 | 09/09/26 | 1362075 |
| Ecopetrol SA<sup>(b)</sup> | Ecopetrol SA<sup>(b)</sup> | Ecopetrol SA<sup>(b)</sup> | Ecopetrol SA<sup>(b)</sup> |
| 470000 | 4.625 | 11/02/31 | 370148 |
| 910000 | 8.875 | 01/13/33 | 931658 |
| 650000 | 5.875 | 11/02/51 | 449312 |
| EQT Corp.<sup>(b)</sup> | EQT Corp.<sup>(b)</sup> | EQT Corp.<sup>(b)</sup> | EQT Corp.<sup>(b)</sup> |
| 460000 | 3.900 | 10/01/27 | 436232 |
| 1915000 | 3.625 <sup>(a)</sup> | 05/15/31 | 1676697 |
| Genel Energy Finance 4 PLC | Genel Energy Finance 4 PLC | Genel Energy Finance 4 PLC | Genel Energy Finance 4 PLC |
| 200000 | 9.250 <sup>(a)(b)</sup> | 10/14/25 | 191500 |
| Geopark Ltd. | Geopark Ltd. | Geopark Ltd. | Geopark Ltd. |
| 400000 | 5.500 <sup>(a)(b)</sup> | 01/17/27 | 354825 |
| Guara Norte S.a.r.l | Guara Norte S.a.r.l | Guara Norte S.a.r.l | Guara Norte S.a.r.l |
| 865042 | 5.198 | 06/15/34 | 781241 |
| Hunt Oil Co. of Peru LLC Sucursal Del Peru | Hunt Oil Co. of Peru LLC Sucursal Del Peru | Hunt Oil Co. of Peru LLC Sucursal Del Peru | Hunt Oil Co. of Peru LLC Sucursal Del Peru |
| 1022580 | 6.375 | 06/01/28 | 980910 |
| KazMunayGas National Co. JSC<sup>(b)</sup> | KazMunayGas National Co. JSC<sup>(b)</sup> | KazMunayGas National Co. JSC<sup>(b)</sup> | KazMunayGas National Co. JSC<sup>(b)</sup> |
| 970000 | 3.500 | 04/14/33 | 736599 |
| Kosmos Energy Ltd. | Kosmos Energy Ltd. | Kosmos Energy Ltd. | Kosmos Energy Ltd. |
| 1180000 | 7.125 <sup>(b)</sup> | 04/04/26 | 1061841 |
| Leviathan Bond Ltd. | Leviathan Bond Ltd. | Leviathan Bond Ltd. | Leviathan Bond Ltd. |
| 470000 | 5.750 <sup>(a)(b)</sup> | 06/30/23 | 467885 |
| Lukoil Securities B.V. | Lukoil Securities B.V. | Lukoil Securities B.V. | Lukoil Securities B.V. |
| 250000 | 3.875 <sup>(a)</sup> | 05/06/30 | 175156 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Oil Field Services – (continued)** | **Oil Field Services – (continued)** | **Oil Field Services – (continued)** | **Oil Field Services – (continued)** | **Oil Field Services – (continued)** |
|  MEG Energy Corp.<sup>(a)(b)</sup> | MEG Energy Corp.<sup>(a)(b)</sup> | MEG Energy Corp.<sup>(a)(b)</sup> | MEG Energy Corp.<sup>(a)(b)</sup> | MEG Energy Corp.<sup>(a)(b)</sup> |
|  $ | 2480000 | 7.125% | 02/01/27 | $2544282 |
|  | 1250000 | 5.875 | 02/01/29 | 1199137 |
|  Nabors Industries, Inc.<sup>(a)(b)</sup> | Nabors Industries, Inc.<sup>(a)(b)</sup> | Nabors Industries, Inc.<sup>(a)(b)</sup> | Nabors Industries, Inc.<sup>(a)(b)</sup> | Nabors Industries, Inc.<sup>(a)(b)</sup> |
|  | 2645000 | 9.000 | 02/01/25 | 2688960 |
|  | 4795000 | 7.375 | 05/15/27 | 4801233 |
|  Noble Finance Co.<sup>(b)(g)</sup> | Noble Finance Co.<sup>(b)(g)</sup> | Noble Finance Co.<sup>(b)(g)</sup> | Noble Finance Co.<sup>(b)(g)</sup> | Noble Finance Co.<sup>(b)(g)</sup> |
|  (PIK 15.000%, Cash 11.000%) | (PIK 15.000%, Cash 11.000%) | (PIK 15.000%, Cash 11.000%) | (PIK 15.000%, Cash 11.000%) | (PIK 15.000%, Cash 11.000%) |
|  | 55098 | 11.000 <sup>(a)</sup> | 02/15/28 | 60022 |
|  (PIK 15.000%, Cash 11.000%) | (PIK 15.000%, Cash 11.000%) | (PIK 15.000%, Cash 11.000%) | (PIK 15.000%, Cash 11.000%) | (PIK 15.000%, Cash 11.000%) |
|  | 564689 | 11.000 | 02/15/28 | 615150 |
|  Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
|  | 2550000 | 6.625 <sup>(b)</sup> | 09/01/30 | 2709502 |
|  Petrobras Global Finance BV<sup>(b)</sup> | Petrobras Global Finance BV<sup>(b)</sup> | Petrobras Global Finance BV<sup>(b)</sup> | Petrobras Global Finance BV<sup>(b)</sup> | Petrobras Global Finance BV<sup>(b)</sup> |
|  | 930000 | 5.500 | 06/10/51 | 723656 |
|  Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
|  | 210000 | 6.490 <sup>(b)</sup> | 01/23/27 | 196445 |
|  | 560000 | 6.500 | 03/13/27 | 527674 |
|  Range Resources Corp. | Range Resources Corp. | Range Resources Corp. | Range Resources Corp. | Range Resources Corp. |
|  | 985000 | 4.750 <sup>(a)(b)</sup> | 02/15/30 | 885850 |
|  Saka Energi Indonesia PT | Saka Energi Indonesia PT | Saka Energi Indonesia PT | Saka Energi Indonesia PT | Saka Energi Indonesia PT |
|  | 200000 | 4.450 | 05/05/24 | 193750 |
|  SEPLAT Energy PLC | SEPLAT Energy PLC | SEPLAT Energy PLC | SEPLAT Energy PLC | SEPLAT Energy PLC |
|  | 630000 | 7.750 <sup>(a)(b)</sup> | 04/01/26 | 546840 |
|  ShaMaran Petroleum Corp. | ShaMaran Petroleum Corp. | ShaMaran Petroleum Corp. | ShaMaran Petroleum Corp. | ShaMaran Petroleum Corp. |
|  | 870000 | 12.000 <sup>(a)(b)</sup> | 07/30/25 | 828131 |
|  Southwestern Energy Co. | Southwestern Energy Co. | Southwestern Energy Co. | Southwestern Energy Co. | Southwestern Energy Co. |
|  | 1445000 | 4.750 <sup>(b)</sup> | 02/01/32 | 1273681 |
|  Sunoco LP/Sunoco Finance Corp. | Sunoco LP/Sunoco Finance Corp. | Sunoco LP/Sunoco Finance Corp. | Sunoco LP/Sunoco Finance Corp. | Sunoco LP/Sunoco Finance Corp. |
|  | 6970000 | 4.500 <sup>(b)</sup> | 05/15/29 | 6318863 |
|  TechnipFMC PLC | TechnipFMC PLC | TechnipFMC PLC | TechnipFMC PLC | TechnipFMC PLC |
|  | 3635000 | 6.500 <sup>(a)(b)</sup> | 02/01/26 | 3612427 |
|  Tengizchevroil Finance Co. International Ltd.<sup>(b)</sup> | Tengizchevroil Finance Co. International Ltd.<sup>(b)</sup> | Tengizchevroil Finance Co. International Ltd.<sup>(b)</sup> | Tengizchevroil Finance Co. International Ltd.<sup>(b)</sup> | Tengizchevroil Finance Co. International Ltd.<sup>(b)</sup> |
|  | 830000 | 2.625 | 08/15/25 | 742850 |
|  | 200000 | 3.250 | 08/15/30 | 150750 |
|  Tiger Holdco Pte Ltd.<sup>(g)</sup> | Tiger Holdco Pte Ltd.<sup>(g)</sup> | Tiger Holdco Pte Ltd.<sup>(g)</sup> | Tiger Holdco Pte Ltd.<sup>(g)</sup> | Tiger Holdco Pte Ltd.<sup>(g)</sup> |
|  | 212334 | 13.000 <sup>(a)(b)</sup> | 06/10/23 | 210874 |
|  Transocean Poseidon Ltd. | Transocean Poseidon Ltd. | Transocean Poseidon Ltd. | Transocean Poseidon Ltd. | Transocean Poseidon Ltd. |
|  | 910875 | 6.875 <sup>(a)(b)</sup> | 02/01/27 | 904344 |
|  Transocean Titan Financing Ltd. | Transocean Titan Financing Ltd. | Transocean Titan Financing Ltd. | Transocean Titan Financing Ltd. | Transocean Titan Financing Ltd. |
|  | 815000 | 8.375 <sup>(b)</sup> | 02/01/28 | 845766 |
|  Transocean, Inc.<sup>(a)</sup> | Transocean, Inc.<sup>(a)</sup> | Transocean, Inc.<sup>(a)</sup> | Transocean, Inc.<sup>(a)</sup> | Transocean, Inc.<sup>(a)</sup> |
|  | 4448000 | 11.500 <sup>(b)</sup> | 01/30/27 | 4644513 |
| (b) | 360000 | 8.750 | 02/15/30 | 371707 |
|  Tullow Oil PLC | Tullow Oil PLC | Tullow Oil PLC | Tullow Oil PLC | Tullow Oil PLC |
|  | 1020000 | 7.000 <sup>(b)</sup> | 03/01/25 | 724200 |
|  USA Compression Partners LP/USA Compression Finance Corp. | USA Compression Partners LP/USA Compression Finance Corp. | USA Compression Partners LP/USA Compression Finance Corp. | USA Compression Partners LP/USA Compression Finance Corp. | USA Compression Partners LP/USA Compression Finance Corp. |
|  | 4480000 | 6.875 <sup>(b)</sup> | 04/01/26 | 4396358 |
|  YPF SA | YPF SA | YPF SA | YPF SA | YPF SA |
|  | 567000 | 8.750 | 04/04/24 | 543186 |
|  |  |  |  | 58174448 |
|  **Packaging – 0.8%** | **Packaging – 0.8%** | **Packaging – 0.8%** | **Packaging – 0.8%** | **Packaging – 0.8%** |
|  ARD Finance SA<sup>(g)</sup> (PIK 5.750%, Cash 5.000%) | ARD Finance SA<sup>(g)</sup> (PIK 5.750%, Cash 5.000%) | ARD Finance SA<sup>(g)</sup> (PIK 5.750%, Cash 5.000%) | ARD Finance SA<sup>(g)</sup> (PIK 5.750%, Cash 5.000%) | ARD Finance SA<sup>(g)</sup> (PIK 5.750%, Cash 5.000%) |
|  EUR | 2648270 | 5.000 <sup>(b)</sup> | 06/30/27 | 2182823 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Packaging – (continued)** | **Packaging – (continued)** | **Packaging – (continued)** | **Packaging – (continued)** |
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC<sup>(b)</sup> | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC<sup>(b)</sup> | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC<sup>(b)</sup> | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC<sup>(b)</sup> |
| 523000 | 6.000 %<sup>(a)</sup> | 06/15/27 | $523021 |
| 2531000 | 3.000 | 09/01/29 | 2139241 |
| 1463000 | 4.000 <sup>(a)</sup> | 09/01/29 | 1211452 |
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. | Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. | Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. | Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. |
| 3295000 | 5.250 <sup>(a)(b)</sup> | 08/15/27 | 2716332 |
| Berry Global, Inc.<sup>(a)(b)</sup> | Berry Global, Inc.<sup>(a)(b)</sup> | Berry Global, Inc.<sup>(a)(b)</sup> | Berry Global, Inc.<sup>(a)(b)</sup> |
| 1308000 | 4.500 | 02/15/26 | 1270107 |
| 2000000 | 5.625 | 07/15/27 | 1966100 |
| LABL, Inc. | LABL, Inc. | LABL, Inc. | LABL, Inc. |
| 1750000 | 6.750 <sup>(a)(b)</sup> | 07/15/26 | 1696013 |
| Owens-Brockway Glass Container, Inc. | Owens-Brockway Glass Container, Inc. | Owens-Brockway Glass Container, Inc. | Owens-Brockway Glass Container, Inc. |
| 527000 | 5.875 <sup>(a)</sup> | 08/15/23 | 527522 |
| Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC | Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC | Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC | Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC |
| 1410000 | 4.000 <sup>(a)(b)</sup> | 10/15/27 | 1266659 |
| SAN Miguel Industrias Pet SA/NG PET R&P Latin America SA | SAN Miguel Industrias Pet SA/NG PET R&P Latin America SA | SAN Miguel Industrias Pet SA/NG PET R&P Latin America SA | SAN Miguel Industrias Pet SA/NG PET R&P Latin America SA |
| 290000 | 3.500 <sup>(a)(b)</sup> | 08/02/28 | 246500 |
| Sealed Air Corp.<sup>(a)(b)</sup> | Sealed Air Corp.<sup>(a)(b)</sup> | Sealed Air Corp.<sup>(a)(b)</sup> | Sealed Air Corp.<sup>(a)(b)</sup> |
| 220000 | 6.125 | 02/01/28 | 222050 |
| 1843000 | 6.875 | 07/15/33 | 1916757 |
| Trivium Packaging Finance B.V.<sup>(a)(b)</sup> | Trivium Packaging Finance B.V.<sup>(a)(b)</sup> | Trivium Packaging Finance B.V.<sup>(a)(b)</sup> | Trivium Packaging Finance B.V.<sup>(a)(b)</sup> |
| 1075000 | 5.500 | 08/15/26 | 1032849 |
| 1300000 | 8.500 | 08/15/27 | 1251237 |
|  |  |  | 20168663 |
| **Pharmaceuticals<sup>(b)</sup> – 1.0%** | **Pharmaceuticals<sup>(b)</sup> – 1.0%** | **Pharmaceuticals<sup>(b)</sup> – 1.0%** | **Pharmaceuticals<sup>(b)</sup> – 1.0%** |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 6650000 | 3.200 | 11/21/29 | 6176852 |
| AdaptHealth LLC<sup>(a)</sup> | AdaptHealth LLC<sup>(a)</sup> | AdaptHealth LLC<sup>(a)</sup> | AdaptHealth LLC<sup>(a)</sup> |
| 1445000 | 6.125 | 08/01/28 | 1371233 |
| 670000 | 4.625 | 08/01/29 | 582933 |
| 1020000 | 5.125 | 03/01/30 | 908596 |
| Bausch Health Cos., Inc. | Bausch Health Cos., Inc. | Bausch Health Cos., Inc. | Bausch Health Cos., Inc. |
| 2240000 | 6.125 <sup>(a)</sup> | 02/01/27 | 1527187 |
| Becton Dickinson & Co. | Becton Dickinson & Co. | Becton Dickinson & Co. | Becton Dickinson & Co. |
| 3200000 | 2.823 | 05/20/30 | 2845024 |
| Cheplapharm Arzneimittel GmbH | Cheplapharm Arzneimittel GmbH | Cheplapharm Arzneimittel GmbH | Cheplapharm Arzneimittel GmbH |
| 1268000 | 5.500 <sup>(a)</sup> | 01/15/28 | 1130029 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 4715000 | 3.750 | 04/01/30 | 4417672 |
| Organon & Co./Organon Foreign Debt Co.-Issuer BV<sup>(a)</sup> | Organon & Co./Organon Foreign Debt Co.-Issuer BV<sup>(a)</sup> | Organon & Co./Organon Foreign Debt Co.-Issuer BV<sup>(a)</sup> | Organon & Co./Organon Foreign Debt Co.-Issuer BV<sup>(a)</sup> |
| 700000 | 4.125 | 04/30/28 | 635215 |
| 1950000 | 5.125 | 04/30/31 | 1755585 |
| Prestige Brands, Inc. | Prestige Brands, Inc. | Prestige Brands, Inc. | Prestige Brands, Inc. |
| 1855000 | 3.750 <sup>(a)</sup> | 04/01/31 | 1573801 |
| Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV |
| 210000 | 3.750 | 05/09/27 | 206476 |
|  |  |  | 23130603 |
| **Pipelines – 3.7%** | **Pipelines – 3.7%** | **Pipelines – 3.7%** | **Pipelines – 3.7%** |
| Buckeye Partners LP<sup>(b)</sup> | Buckeye Partners LP<sup>(b)</sup> | Buckeye Partners LP<sup>(b)</sup> | Buckeye Partners LP<sup>(b)</sup> |
| 2100000 | 4.350 | 10/15/24 | 2037336 |
| 4636000 | 3.950 | 12/01/26 | 4253947 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Pipelines – (continued)** | **Pipelines – (continued)** | **Pipelines – (continued)** | **Pipelines – (continued)** |
| Buckeye Partners LP<sup>(b)</sup> – (continued) | Buckeye Partners LP<sup>(b)</sup> – (continued) | Buckeye Partners LP<sup>(b)</sup> – (continued) |  |
| 929000 | 4.125% | 12/01/27 | $840271 |
| 1217000 | 4.500 <sup>(a)</sup> | 03/01/28 | 1116451 |
| Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP |
| 1800000 | 4.500 <sup>(b)</sup> | 10/01/29 | 1689354 |
| CNX Midstream Partners LP | CNX Midstream Partners LP | CNX Midstream Partners LP | CNX Midstream Partners LP |
| 1210000 | 4.750 <sup>(a)(b)</sup> | 04/15/30 | 1023285 |
| CQP Holdco LP/BIP-V Chinook Holdco LLC | CQP Holdco LP/BIP-V Chinook Holdco LLC | CQP Holdco LP/BIP-V Chinook Holdco LLC | CQP Holdco LP/BIP-V Chinook Holdco LLC |
| 4130000 | 5.500 <sup>(a)(b)</sup> | 06/15/31 | 3764247 |
| DCP Midstream Operating LP | DCP Midstream Operating LP | DCP Midstream Operating LP | DCP Midstream Operating LP |
| 4000000 | 6.750 <sup>(a)</sup> | 09/15/37 | 4408840 |
| DT Midstream, Inc. | DT Midstream, Inc. | DT Midstream, Inc. | DT Midstream, Inc. |
| 4130000 | 4.375 <sup>(a)(b)</sup> | 06/15/31 | 3610363 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| 2985000 | 6.625 | 10/15/36 | 3178756 |
| Enterprise Products Operating LLC (3M USD LIBOR + 2.778%) | Enterprise Products Operating LLC (3M USD LIBOR + 2.778%) | Enterprise Products Operating LLC (3M USD LIBOR + 2.778%) | Enterprise Products Operating LLC (3M USD LIBOR + 2.778%) |
| 1000000 | 7.538 <sup>(b)(e)</sup> | 06/01/67 | 888310 |
| EQM Midstream Partners LP | EQM Midstream Partners LP | EQM Midstream Partners LP | EQM Midstream Partners LP |
| 2305000 | 7.500 <sup>(a)(b)</sup> | 06/01/27 | 2311362 |
| Galaxy Pipeline Assets Bidco Ltd. | Galaxy Pipeline Assets Bidco Ltd. | Galaxy Pipeline Assets Bidco Ltd. | Galaxy Pipeline Assets Bidco Ltd. |
| 920000 | 3.250 | 09/30/40 | 725823 |
| Genesis Energy LP/Genesis Energy Finance Corp. | Genesis Energy LP/Genesis Energy Finance Corp. | Genesis Energy LP/Genesis Energy Finance Corp. | Genesis Energy LP/Genesis Energy Finance Corp. |
| 2010000 | 7.750 <sup>(b)</sup> | 02/01/28 | 1946183 |
| Global Partners LP/GLP Finance Corp. | Global Partners LP/GLP Finance Corp. | Global Partners LP/GLP Finance Corp. | Global Partners LP/GLP Finance Corp. |
| 3922000 | 6.875 <sup>(b)</sup> | 01/15/29 | 3698721 |
| GNL Quintero SA | GNL Quintero SA | GNL Quintero SA | GNL Quintero SA |
| 206496 | 4.634 | 07/31/29 | 202108 |
| Hess Midstream Operations LP | Hess Midstream Operations LP | Hess Midstream Operations LP | Hess Midstream Operations LP |
| 990000 | 5.500 <sup>(a)(b)</sup> | 10/15/30 | 923096 |
| Howard Midstream Energy Partners LLC | Howard Midstream Energy Partners LLC | Howard Midstream Energy Partners LLC | Howard Midstream Energy Partners LLC |
| 1565000 | 6.750 <sup>(a)(b)</sup> | 01/15/27 | 1525797 |
| ITT Holdings LLC | ITT Holdings LLC | ITT Holdings LLC | ITT Holdings LLC |
| 3380000 | 6.500 <sup>(a)(b)</sup> | 08/01/29 | 2938369 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 7000000 | 7.300 | 08/15/33 | 7963970 |
| Kinetik Holdings LP | Kinetik Holdings LP | Kinetik Holdings LP | Kinetik Holdings LP |
| 3490000 | 5.875 <sup>(a)(b)</sup> | 06/15/30 | 3328797 |
| MPLX LP | MPLX LP | MPLX LP | MPLX LP |
| 5925000 | 2.650 <sup>(b)</sup> | 08/15/30 | 5058646 |
| NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP |
| 2569000 | 6.375 <sup>(b)</sup> | 10/01/30 | 2475334 |
| Oleoducto Central SA | Oleoducto Central SA | Oleoducto Central SA | Oleoducto Central SA |
| 490000 | 4.000 <sup>(b)</sup> | 07/14/27 | 433436 |
| Plains All American Pipeline LP/PAA Finance Corp. | Plains All American Pipeline LP/PAA Finance Corp. | Plains All American Pipeline LP/PAA Finance Corp. | Plains All American Pipeline LP/PAA Finance Corp. |
| 3000000 | 3.600 <sup>(b)</sup> | 11/01/24 | 2928420 |
| Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC |
| 2275000 | 4.200 <sup>(b)</sup> | 03/15/28 | 2204725 |
| Summit Midstream Holdings LLC/Summit Midstream Finance Corp.<sup>(b)</sup> | Summit Midstream Holdings LLC/Summit Midstream Finance Corp.<sup>(b)</sup> | Summit Midstream Holdings LLC/Summit Midstream Finance Corp.<sup>(b)</sup> | Summit Midstream Holdings LLC/Summit Midstream Finance Corp.<sup>(b)</sup> |
| 3260000 | 5.750 | 04/15/25 | 2803893 |
| 3370000 | 8.500 <sup>(a)</sup> | 10/15/26 | 3279718 |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<sup>(a)(b)</sup> | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<sup>(a)(b)</sup> | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<sup>(a)(b)</sup> | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<sup>(a)(b)</sup> |
| 525000 | 6.000 | 12/31/30 | 478191 |
| 4485000 | 6.000 | 09/01/31 | 4043228 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Pipelines – (continued)** | **Pipelines – (continued)** | **Pipelines – (continued)** | **Pipelines – (continued)** |
| Targa Resources Partners LP/Targa Resources Partners Finance Corp. | Targa Resources Partners LP/Targa Resources Partners Finance Corp. | Targa Resources Partners LP/Targa Resources Partners Finance Corp. | Targa Resources Partners LP/Targa Resources Partners Finance Corp. |
| 1910000 | 4.875 %<sup>(b)</sup> | 02/01/31 | $1795954 |
| The Williams Cos., Inc. | The Williams Cos., Inc. | The Williams Cos., Inc. | The Williams Cos., Inc. |
| 7000000 | 7.500 | 01/15/31 | 7945070 |
| Venture Global Calcasieu Pass LLC | Venture Global Calcasieu Pass LLC | Venture Global Calcasieu Pass LLC | Venture Global Calcasieu Pass LLC |
| 3243000 | 4.125 <sup>(a)(b)</sup> | 08/15/31 | 2877449 |
|  |  |  | 88699450 |
| **Real Estate – 0.2%** | **Real Estate – 0.2%** | **Real Estate – 0.2%** | **Real Estate – 0.2%** |
| Central China Real Estate Ltd.<sup>(b)</sup> | Central China Real Estate Ltd.<sup>(b)</sup> | Central China Real Estate Ltd.<sup>(b)</sup> | Central China Real Estate Ltd.<sup>(b)</sup> |
| 260000 | 7.500 | 07/14/25 | 78000 |
| China SCE Group Holdings Ltd.<sup>(b)</sup> | China SCE Group Holdings Ltd.<sup>(b)</sup> | China SCE Group Holdings Ltd.<sup>(b)</sup> | China SCE Group Holdings Ltd.<sup>(b)</sup> |
| 200000 | 6.000 | 02/04/26 | 99000 |
| CIFI Holdings Group Co. Ltd.<sup>(b)</sup> | CIFI Holdings Group Co. Ltd.<sup>(b)</sup> | CIFI Holdings Group Co. Ltd.<sup>(b)</sup> | CIFI Holdings Group Co. Ltd.<sup>(b)</sup> |
| 260000 | 4.800 | 05/17/28 | 79755 |
| Country Garden Holdings Co. Ltd. | Country Garden Holdings Co. Ltd. | Country Garden Holdings Co. Ltd. | Country Garden Holdings Co. Ltd. |
| 210000 | 5.625 <sup>(d)</sup> | 12/15/26 | 143955 |
| GTC Aurora Luxembourg SA | GTC Aurora Luxembourg SA | GTC Aurora Luxembourg SA | GTC Aurora Luxembourg SA |
| 250000 | 2.250 <sup>(b)</sup> | 06/23/26 | 202618 |
| IRSA Inversiones y Representaciones SA | IRSA Inversiones y Representaciones SA | IRSA Inversiones y Representaciones SA | IRSA Inversiones y Representaciones SA |
| 277787 | 8.750 <sup>(a)(b)</sup> | 06/22/28 | 272752 |
| Realogy Group LLC/Realogy Co.-Issuer Corp. | Realogy Group LLC/Realogy Co.-Issuer Corp. | Realogy Group LLC/Realogy Co.-Issuer Corp. | Realogy Group LLC/Realogy Co.-Issuer Corp. |
| 2080000 | 5.750 <sup>(a)(b)</sup> | 01/15/29 | 1631760 |
| Redsun Properties Group Ltd. | Redsun Properties Group Ltd. | Redsun Properties Group Ltd. | Redsun Properties Group Ltd. |
| 230000 | 7.300 <sup>(b)(i)</sup> | 01/13/25 | 43240 |
| Shimao Group Holdings Ltd.<sup>(b)</sup> | Shimao Group Holdings Ltd.<sup>(b)</sup> | Shimao Group Holdings Ltd.<sup>(b)</sup> | Shimao Group Holdings Ltd.<sup>(b)</sup> |
| 360000 | 3.450 | 01/11/31 | 76500 |
| Sunac China Holdings Ltd.<sup>(b)</sup> | Sunac China Holdings Ltd.<sup>(b)</sup> | Sunac China Holdings Ltd.<sup>(b)</sup> | Sunac China Holdings Ltd.<sup>(b)</sup> |
| 370000 | 6.500 | 07/09/23 | 105450 |
| 200000 | 7.950 <sup>(i)</sup> | 10/11/23 | 57500 |
| 200000 | 6.650 | 08/03/24 | 57000 |
| 320000 | 6.500 | 01/26/26 | 91200 |
| The Howard Hughes Corp. | The Howard Hughes Corp. | The Howard Hughes Corp. | The Howard Hughes Corp. |
| 734000 | 4.125 <sup>(a)(b)</sup> | 02/01/29 | 633376 |
|  |  |  | 3572106 |
| **Real Estate Investment Trust<sup>(b)</sup> – 0.8%** | **Real Estate Investment Trust<sup>(b)</sup> – 0.8%** | **Real Estate Investment Trust<sup>(b)</sup> – 0.8%** | **Real Estate Investment Trust<sup>(b)</sup> – 0.8%** |
| American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. |
| 2125000 | 3.950 | 03/15/29 | 2000560 |
| Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL | Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL | Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL | Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL |
| 600000 | 5.750 <sup>(a)</sup> | 05/15/26 | 565752 |
| CIBANCO SA Institucion de Banca Multiple Trust CIB/3332 | CIBANCO SA Institucion de Banca Multiple Trust CIB/3332 | CIBANCO SA Institucion de Banca Multiple Trust CIB/3332 | CIBANCO SA Institucion de Banca Multiple Trust CIB/3332 |
| 390000 | 4.375 <sup>(a)</sup> | 07/22/31 | 297375 |
| Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. |
| 300000 | 4.150 | 07/01/50 | 249639 |
| Iron Mountain Information Management Services, Inc. | Iron Mountain Information Management Services, Inc. | Iron Mountain Information Management Services, Inc. | Iron Mountain Information Management Services, Inc. |
| 2395000 | 5.000 <sup>(a)</sup> | 07/15/32 | 2078596 |
| MPT Operating Partnership LP/MPT Finance Corp. | MPT Operating Partnership LP/MPT Finance Corp. | MPT Operating Partnership LP/MPT Finance Corp. | MPT Operating Partnership LP/MPT Finance Corp. |
| 3000000 | 5.000 | 10/15/27 | 2536740 |
| 2680000 | 3.500 | 03/15/31 | 1888221 |
| SBA Communications Corp. | SBA Communications Corp. | SBA Communications Corp. | SBA Communications Corp. |
| 2637000 | 3.875 | 02/15/27 | 2436008 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Real Estate Investment Trust<sup>(b)</sup> – (continued)** | **Real Estate Investment Trust<sup>(b)</sup> – (continued)** | **Real Estate Investment Trust<sup>(b)</sup> – (continued)** | **Real Estate Investment Trust<sup>(b)</sup> – (continued)** |
| Starwood Property Trust, Inc. | Starwood Property Trust, Inc. | Starwood Property Trust, Inc. | Starwood Property Trust, Inc. |
| 2700000 | 4.750% | 03/15/25 | $2612412 |
| Trust Fibra Uno | Trust Fibra Uno | Trust Fibra Uno | Trust Fibra Uno |
| 510000 | 4.869 | 01/15/30 | 467632 |
| VICI Properties LP | VICI Properties LP | VICI Properties LP | VICI Properties LP |
| 2480000 | 4.750 | 02/15/28 | 2412966 |
| VICI Properties LP/VICI Note Co., Inc.<sup>(a)</sup> | VICI Properties LP/VICI Note Co., Inc.<sup>(a)</sup> | VICI Properties LP/VICI Note Co., Inc.<sup>(a)</sup> | VICI Properties LP/VICI Note Co., Inc.<sup>(a)</sup> |
| 1526000 | 3.500 | 02/15/25 | 1452279 |
| 1306000 | 4.625 | 06/15/25 | 1265514 |
|  |  |  | 20263694 |
| **Retailing<sup>(b)</sup> – 1.4%** | **Retailing<sup>(b)</sup> – 1.4%** | **Retailing<sup>(b)</sup> – 1.4%** | **Retailing<sup>(b)</sup> – 1.4%** |
| Arko Corp. | Arko Corp. | Arko Corp. | Arko Corp. |
| 1770000 | 5.125 <sup>(a)</sup> | 11/15/29 | 1401822 |
| Asbury Automotive Group, Inc.<sup>(a)</sup> | Asbury Automotive Group, Inc.<sup>(a)</sup> | Asbury Automotive Group, Inc.<sup>(a)</sup> | Asbury Automotive Group, Inc.<sup>(a)</sup> |
| 1462000 | 4.625 | 11/15/29 | 1291765 |
| 809000 | 5.000 | 02/15/32 | 698774 |
| AutoNation, Inc. | AutoNation, Inc. | AutoNation, Inc. | AutoNation, Inc. |
| 961000 | 4.750 | 06/01/30 | 903100 |
| Beacon Roofing Supply, Inc. | Beacon Roofing Supply, Inc. | Beacon Roofing Supply, Inc. | Beacon Roofing Supply, Inc. |
| 2560000 | 4.125 <sup>(a)</sup> | 05/15/29 | 2205875 |
| eG Global Finance PLC | eG Global Finance PLC | eG Global Finance PLC | eG Global Finance PLC |
| 3800000 | 6.750 <sup>(a)</sup> | 02/07/25 | 3523930 |
| Foundation Building Materials, Inc. | Foundation Building Materials, Inc. | Foundation Building Materials, Inc. | Foundation Building Materials, Inc. |
| 2540000 | 6.000 <sup>(a)</sup> | 03/01/29 | 2043125 |
| GYP Holdings III Corp. | GYP Holdings III Corp. | GYP Holdings III Corp. | GYP Holdings III Corp. |
| 1160000 | 4.625 <sup>(a)</sup> | 05/01/29 | 976152 |
| InRetail Consumer | InRetail Consumer | InRetail Consumer | InRetail Consumer |
| 400000 | 3.250 | 03/22/28 | 344250 |
| LCM Investments Holdings II LLC | LCM Investments Holdings II LLC | LCM Investments Holdings II LLC | LCM Investments Holdings II LLC |
| 3020000 | 4.875 <sup>(a)</sup> | 05/01/29 | 2492225 |
| Lowe's Cos., Inc. | Lowe's Cos., Inc. | Lowe's Cos., Inc. | Lowe's Cos., Inc. |
| 2062000 | 3.750 | 04/01/32 | 1912010 |
| Penske Automotive Group, Inc. | Penske Automotive Group, Inc. | Penske Automotive Group, Inc. | Penske Automotive Group, Inc. |
| 2179000 | 3.750 | 06/15/29 | 1851191 |
| Specialty Building Products Holdings LLC/SBP Finance Corp. | Specialty Building Products Holdings LLC/SBP Finance Corp. | Specialty Building Products Holdings LLC/SBP Finance Corp. | Specialty Building Products Holdings LLC/SBP Finance Corp. |
| 3446000 | 6.375 <sup>(a)</sup> | 09/30/26 | 3103364 |
| SRS Distribution, Inc.<sup>(a)</sup> | SRS Distribution, Inc.<sup>(a)</sup> | SRS Distribution, Inc.<sup>(a)</sup> | SRS Distribution, Inc.<sup>(a)</sup> |
| 1912000 | 4.625 | 07/01/28 | 1757893 |
| 3525000 | 6.125 | 07/01/29 | 3031112 |
| Suburban Propane Partners LP/Suburban Energy Finance Corp. | Suburban Propane Partners LP/Suburban Energy Finance Corp. | Suburban Propane Partners LP/Suburban Energy Finance Corp. | Suburban Propane Partners LP/Suburban Energy Finance Corp. |
| 2245000 | 5.000 <sup>(a)</sup> | 06/01/31 | 1960020 |
| The Home Depot, Inc. | The Home Depot, Inc. | The Home Depot, Inc. | The Home Depot, Inc. |
| 1170000 | 3.350 | 04/15/50 | 936304 |
| Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. |
| 3064000 | 4.750 <sup>(a)</sup> | 01/15/30 | 2872194 |
|  |  |  | 33305106 |
| **Semiconductors<sup>(b)</sup> – 0.5%** | **Semiconductors<sup>(b)</sup> – 0.5%** | **Semiconductors<sup>(b)</sup> – 0.5%** | **Semiconductors<sup>(b)</sup> – 0.5%** |
| Amkor Technology, Inc. | Amkor Technology, Inc. | Amkor Technology, Inc. | Amkor Technology, Inc. |
| 1398000 | 6.625 <sup>(a)</sup> | 09/15/27 | 1402879 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| 3723000 | 4.150 | 11/15/30 | 3473373 |
| 2069000 | 3.469 <sup>(a)</sup> | 04/15/34 | 1714849 |
| 1856000 | 3.137 <sup>(a)</sup> | 11/15/35 | 1440813 |
| 3319000 | 3.187 <sup>(a)</sup> | 11/15/36 | 2537210 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Semiconductors<sup>(b)</sup> – (continued)** | **Semiconductors<sup>(b)</sup> – (continued)** | **Semiconductors<sup>(b)</sup> – (continued)** | **Semiconductors<sup>(b)</sup> – (continued)** |
| NXP B.V./NXP Funding LLC/NXP USA, Inc. | NXP B.V./NXP Funding LLC/NXP USA, Inc. | NXP B.V./NXP Funding LLC/NXP USA, Inc. | NXP B.V./NXP Funding LLC/NXP USA, Inc. |
| 975000 | 4.400% | 06/01/27 | $958649 |
| 982000 | 3.400 | 05/01/30 | 879734 |
| Qorvo, Inc. | Qorvo, Inc. | Qorvo, Inc. | Qorvo, Inc. |
| 750000 | 4.375 | 10/15/29 | 678900 |
|  |  |  | 13086407 |
| **Software<sup>(b)</sup> – 1.0%** | **Software<sup>(b)</sup> – 1.0%** | **Software<sup>(b)</sup> – 1.0%** | **Software<sup>(b)</sup> – 1.0%** |
| AthenaHealth Group, Inc. | AthenaHealth Group, Inc. | AthenaHealth Group, Inc. | AthenaHealth Group, Inc. |
| 4765000 | 6.500 <sup>(a)</sup> | 02/15/30 | 3932316 |
| Castle U.S. Holding Corp. | Castle U.S. Holding Corp. | Castle U.S. Holding Corp. | Castle U.S. Holding Corp. |
| 4104000 | 9.500 <sup>(a)</sup> | 02/15/28 | 1602243 |
| Clarivate Science Holdings Corp.<sup>(a)</sup> | Clarivate Science Holdings Corp.<sup>(a)</sup> | Clarivate Science Holdings Corp.<sup>(a)</sup> | Clarivate Science Holdings Corp.<sup>(a)</sup> |
| 3509000 | 3.875 | 07/01/28 | 3132976 |
| 2401000 | 4.875 | 07/01/29 | 2111439 |
| Elastic NV | Elastic NV | Elastic NV | Elastic NV |
| 1835000 | 4.125 <sup>(a)</sup> | 07/15/29 | 1572155 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 1405000 | 3.600 | 04/01/50 | 1034263 |
| Playtika Holding Corp. | Playtika Holding Corp. | Playtika Holding Corp. | Playtika Holding Corp. |
| 3198000 | 4.250 <sup>(a)</sup> | 03/15/29 | 2656994 |
| PTC, Inc. | PTC, Inc. | PTC, Inc. | PTC, Inc. |
| 4000 | 3.625 <sup>(a)</sup> | 02/15/25 | 3837 |
| ROBLOX Corp. | ROBLOX Corp. | ROBLOX Corp. | ROBLOX Corp. |
| 1975000 | 3.875 <sup>(a)</sup> | 05/01/30 | 1664490 |
| SS&C Technologies, Inc. | SS&C Technologies, Inc. | SS&C Technologies, Inc. | SS&C Technologies, Inc. |
| 850000 | 5.500 <sup>(a)</sup> | 09/30/27 | 817122 |
| TeamSystem SpA | TeamSystem SpA | TeamSystem SpA | TeamSystem SpA |
| 3100000 | 3.500 <sup>(a)</sup> | 02/15/28 | 2953883 |
| ZoomInfo Technologies LLC/ZoomInfo Finance Corp. | ZoomInfo Technologies LLC/ZoomInfo Finance Corp. | ZoomInfo Technologies LLC/ZoomInfo Finance Corp. | ZoomInfo Technologies LLC/ZoomInfo Finance Corp. |
| 1450000 | 3.875 <sup>(a)</sup> | 02/01/29 | 1250784 |
|  |  |  | 22732502 |
| **Sovereign<sup>(b)(e)</sup> – 0.2%** | **Sovereign<sup>(b)(e)</sup> – 0.2%** | **Sovereign<sup>(b)(e)</sup> – 0.2%** | **Sovereign<sup>(b)(e)</sup> – 0.2%** |
| CoBank ACB (3M USD LIBOR + 4.660%) | CoBank ACB (3M USD LIBOR + 4.660%) | CoBank ACB (3M USD LIBOR + 4.660%) | CoBank ACB (3M USD LIBOR + 4.660%) |
| 5350000 | 6.250 | 12/29/49 | 5322876 |
| **Technology - Software/Services<sup>(a)(b)</sup> – 0.1%** | **Technology - Software/Services<sup>(a)(b)</sup> – 0.1%** | **Technology - Software/Services<sup>(a)(b)</sup> – 0.1%** | **Technology - Software/Services<sup>(a)(b)</sup> – 0.1%** |
| Virtusa Corp. | Virtusa Corp. | Virtusa Corp. | Virtusa Corp. |
| 2371000 | 7.125 | 12/15/28 | 1992185 |
| **Telecommunication Services – 1.4%** | **Telecommunication Services – 1.4%** | **Telecommunication Services – 1.4%** | **Telecommunication Services – 1.4%** |
| Altice France SA | Altice France SA | Altice France SA | Altice France SA |
| 4695000 | 5.500 <sup>(a)(b)</sup> | 10/15/29 | 3708393 |
| America Movil SAB de CV | America Movil SAB de CV | America Movil SAB de CV | America Movil SAB de CV |
| 770000 | 5.375 <sup>(a)(b)</sup> | 04/04/32 | 715138 |
| AT&T, Inc.<sup>(b)</sup> | AT&T, Inc.<sup>(b)</sup> | AT&T, Inc.<sup>(b)</sup> | AT&T, Inc.<sup>(b)</sup> |
| 2900000 | 2.750 | 06/01/31 | 2503367 |
| 3475000 | 2.250 | 02/01/32 | 2839214 |
| Axian Telecom | Axian Telecom | Axian Telecom | Axian Telecom |
| 250000 | 7.375 <sup>(a)(b)</sup> | 02/16/27 | 228484 |
| CommScope, Inc. | CommScope, Inc. | CommScope, Inc. | CommScope, Inc. |
| 1430000 | 7.125 <sup>(a)(b)</sup> | 07/01/28 | 1123208 |
| CT Trust | CT Trust | CT Trust | CT Trust |
| 1480000 | 5.125 <sup>(b)</sup> | 02/03/32 | 1291300 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Telecommunication Services – (continued)** | **Telecommunication Services – (continued)** | **Telecommunication Services – (continued)** | **Telecommunication Services – (continued)** |
| Digicel Group Holdings Ltd.<sup>(g)</sup> (PIK 3.000%, Cash 5.000%) | Digicel Group Holdings Ltd.<sup>(g)</sup> (PIK 3.000%, Cash 5.000%) | Digicel Group Holdings Ltd.<sup>(g)</sup> (PIK 3.000%, Cash 5.000%) | Digicel Group Holdings Ltd.<sup>(g)</sup> (PIK 3.000%, Cash 5.000%) |
| 656043 | 8.000 %<sup>(a)(b)</sup> | 04/01/25 | $160649 |
| Intelsat Jackson Holdings SA<sup>(f)</sup> | Intelsat Jackson Holdings SA<sup>(f)</sup> | Intelsat Jackson Holdings SA<sup>(f)</sup> | Intelsat Jackson Holdings SA<sup>(f)</sup> |
| 708000 | 0.000 | 08/01/23 |  |
| 3000000 | 0.000 <sup>(a)</sup> | 10/15/24 |  |
| Lorca Telecom Bondco SA | Lorca Telecom Bondco SA | Lorca Telecom Bondco SA | Lorca Telecom Bondco SA |
| 1525000 | 4.000 <sup>(a)(b)</sup> | 09/18/27 | 1521243 |
| Lumen Technologies, Inc. | Lumen Technologies, Inc. | Lumen Technologies, Inc. | Lumen Technologies, Inc. |
| 2870000 | 7.650 | 03/15/42 | 1889292 |
| MTN Mauritius Investments Ltd. | MTN Mauritius Investments Ltd. | MTN Mauritius Investments Ltd. | MTN Mauritius Investments Ltd. |
| 420000 | 6.500 | 10/13/26 | 425329 |
| Nokia of America Corp. | Nokia of America Corp. | Nokia of America Corp. | Nokia of America Corp. |
| 3000000 | 6.450 | 03/15/29 | 2866680 |
| Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. |
| 1150000 | 8.750 | 03/15/32 | 1419882 |
| Telecom Argentina SA | Telecom Argentina SA | Telecom Argentina SA | Telecom Argentina SA |
| 158000 | 8.500 <sup>(a)</sup> | 08/06/25 | 154544 |
| Telecom Italia Capital SA | Telecom Italia Capital SA | Telecom Italia Capital SA | Telecom Italia Capital SA |
| 1800000 | 7.200 | 07/18/36 | 1533294 |
| 1000000 | 7.721 | 06/04/38 | 862690 |
| T-Mobile USA, Inc.<sup>(b)</sup> | T-Mobile USA, Inc.<sup>(b)</sup> | T-Mobile USA, Inc.<sup>(b)</sup> | T-Mobile USA, Inc.<sup>(b)</sup> |
| 7351000 | 3.875 | 04/15/30 | 6884064 |
| 1896000 | 4.500 | 04/15/50 | 1673542 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| 2800000 | 3.150 <sup>(b)</sup> | 03/22/30 | 2541504 |
|  |  |  | 34341817 |
| **Telecommunications<sup>(b)</sup> – 0.0%** | **Telecommunications<sup>(b)</sup> – 0.0%** | **Telecommunications<sup>(b)</sup> – 0.0%** | **Telecommunications<sup>(b)</sup> – 0.0%** |
| Telefonica Celular Del Paraguay SA | Telefonica Celular Del Paraguay SA | Telefonica Celular Del Paraguay SA | Telefonica Celular Del Paraguay SA |
| 750000 | 5.875 | 04/15/27 | 698578 |
| **Toys/Games/Hobbies<sup>(a)(b)</sup> – 0.1%** | **Toys/Games/Hobbies<sup>(a)(b)</sup> – 0.1%** | **Toys/Games/Hobbies<sup>(a)(b)</sup> – 0.1%** | **Toys/Games/Hobbies<sup>(a)(b)</sup> – 0.1%** |
| Mattel, Inc. | Mattel, Inc. | Mattel, Inc. | Mattel, Inc. |
| 2185000 | 3.375 | 04/01/26 | 2043871 |
| **Transportation – 0.2%** | **Transportation – 0.2%** | **Transportation – 0.2%** | **Transportation – 0.2%** |
| Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. |
| 1900000 | 2.450 <sup>(b)</sup> | 12/02/31 | 1640555 |
| Cargo Aircraft Management, Inc. | Cargo Aircraft Management, Inc. | Cargo Aircraft Management, Inc. | Cargo Aircraft Management, Inc. |
| 785000 | 4.750 <sup>(a)(b)</sup> | 02/01/28 | 710205 |
| MV24 Capital B.V. | MV24 Capital B.V. | MV24 Capital B.V. | MV24 Capital B.V. |
| 291210 | 6.748 <sup>(a)</sup> | 06/01/34 | 276358 |
| 659505 | 6.748 | 06/01/34 | 625870 |
| Transnet SOC Ltd. | Transnet SOC Ltd. | Transnet SOC Ltd. | Transnet SOC Ltd. |
| 380000 | 8.250 <sup>(a)</sup> | 02/06/28 | 380950 |
| XPO Escrow Sub LLC<sup>(b)</sup> | XPO Escrow Sub LLC<sup>(b)</sup> | XPO Escrow Sub LLC<sup>(b)</sup> | XPO Escrow Sub LLC<sup>(b)</sup> |
| 1745000 | 7.500 <sup>(a)</sup> | 11/15/27 | 1793302 |
|  |  |  | 5427240 |
| **Trucking & Leasing<sup>(a)(b)</sup> – 0.1%** | **Trucking & Leasing<sup>(a)(b)</sup> – 0.1%** | **Trucking & Leasing<sup>(a)(b)</sup> – 0.1%** | **Trucking & Leasing<sup>(a)(b)</sup> – 0.1%** |
| Fortress Transportation & Infrastructure Investors LLC | Fortress Transportation & Infrastructure Investors LLC | Fortress Transportation & Infrastructure Investors LLC | Fortress Transportation & Infrastructure Investors LLC |
| 2220000 | 5.500 | 05/01/28 | 1955887 |
| **TOTAL CORPORATE OBLIGATIONS<br>(Cost $1,156,813,780)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $1,156,813,780)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $1,156,813,780)** | $1044547407 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 38.9%** | **Common Stocks – 38.9%** |  |
| **Aerospace & Defense – 0.4%** | **Aerospace & Defense – 0.4%** |  |
| 47766 | L3Harris Technologies, Inc. | $10261092 |
| **Banks – 3.5%** | **Banks – 3.5%** |  |
| 429723 | Bank of America Corp. | 15246572 |
| 414957 | BNP Paribas SA ADR | 14241324 |
| 189670 | JPMorgan Chase & Co. | 26546213 |
| 1485552 | Nordea Bank Abp ADR | 17425525 |
| 225255 | Truist Financial Corp. | 11125345 |
|  |  | 84584979 |
| **Beverages – 0.8%** | **Beverages – 0.8%** |  |
| 180643 | Coca-Cola Europacific Partners PLC | 10155749 |
| 132102 | The Coca-Cola Co. | 8100495 |
|  |  | 18256244 |
| **Biotechnology – 0.6%** | **Biotechnology – 0.6%** |  |
| 22247 | Amgen, Inc. | 5615143 |
| 111035 | Gilead Sciences, Inc. | 9320278 |
|  |  | 14935421 |
| **Capital Markets – 1.6%** | **Capital Markets – 1.6%** |  |
| 154194 | BlackRock, Inc. | 23072490 |
| 87492 | Morgan Stanley | 8515596 |
| 56699 | Singapore Exchange Ltd. ADR | 5971539 |
|  |  | 37559625 |
| **Chemicals – 1.0%** | **Chemicals – 1.0%** |  |
| 33724 | Air Products & Chemicals, Inc. | 10808879 |
| 36771 | Linde PLC | 12168995 |
|  |  | 22977874 |
| **Commerical Services & Supplies – 0.5%** | **Commerical Services & Supplies – 0.5%** |  |
| 97898 | Republic Services, Inc. | 12219628 |
| **Communications Equipment – 0.8%** | **Communications Equipment – 0.8%** |  |
| 286954 | Cisco Systems, Inc. | 13966051 |
| 35606 | Intelsat Emergence SA<sup>(i)</sup> | 815983 |
| 148942 | Juniper Networks, Inc. | 4810826 |
|  |  | 19592860 |
| **Construction & Engineering – 0.3%** | **Construction & Engineering – 0.3%** |  |
| 271546 | Vinci SA ADR | 7668459 |
| **Consumer Finance – 0.4%** | **Consumer Finance – 0.4%** |  |
| 51573 | American Express Co. | 9021665 |
| **Containers & Packaging – 0.2%** | **Containers & Packaging – 0.2%** |  |
| 103760 | International Paper Co. | 4339243 |
| **Diversified Telecommunication Services – 0.7%** | **Diversified Telecommunication Services – 0.7%** |  |
| 774414 | AT&T, Inc. | 15774813 |
| **Electric Utilities – 0.8%** | **Electric Utilities – 0.8%** |  |
| 183122 | NextEra Energy, Inc. | 13666395 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Electric Utilities – (continued)** | **Electric Utilities – (continued)** |  |
| 86740 | Xcel Energy, Inc. | $5965110 |
|  |  | 19631505 |
| **Electrical Equipment – 1.5%** | **Electrical Equipment – 1.5%** |  |
| 94186 | Eaton Corp. PLC | 15277911 |
| 602008 | Schneider Electric SE ADR | 19529140 |
|  |  | 34807051 |
| **Electronic Equipment, Instruments & Components – 0.3%** | **Electronic Equipment, Instruments & Components – 0.3%** | **Electronic Equipment, Instruments & Components – 0.3%** |
| 52213 | TE Connectivity Ltd. | 6638883 |
| **Energy Equipment & Services<sup>(i)</sup> –0.1%** | **Energy Equipment & Services<sup>(i)</sup> –0.1%** |  |
| 63962 | Noble Corp. PLC | 2602614 |
| **Entertainment – 0.2%** | **Entertainment – 0.2%** |  |
| 30997 | Electronic Arts, Inc. | 3988694 |
| **Equity Real Estate Investment Trusts (REITs) – 2.1%** | **Equity Real Estate Investment Trusts (REITs) – 2.1%** |  |
| 46950 | Alexandria Real Estate Equities, Inc. | 7546743 |
| 42573 | American Tower Corp. | 9510383 |
| 37336 | AvalonBay Communities, Inc. | 6624900 |
| 62713 | Digital Realty Trust, Inc. | 7188164 |
| 110028 | Healthpeak Properties, Inc. | 3023569 |
| 172942 | Hudson Pacific Properties, Inc. | 1969809 |
| 49911 | Regency Centers Corp. | 3325570 |
| 197282 | Ventas, Inc. | 10221180 |
|  |  | 49410318 |
| **Food & Staples Retailing – 0.9%** | **Food & Staples Retailing – 0.9%** |  |
| 301655 | Koninklijke Ahold Delhaize NV ADR | 8980270 |
| 77783 | Walmart, Inc. | 11190640 |
|  |  | 20170910 |
| **Food Products – 1.4%** | **Food Products – 1.4%** |  |
| 73013 | Archer-Daniels-Midland Co. | 6049127 |
| 101122 | General Mills, Inc. | 7923920 |
| 101506 | Nestle SA ADR | 12405556 |
| 161753 | The Kraft Heinz Co. | 6555849 |
|  |  | 32934452 |
| **Health Care Equipment & Supplies – 0.6%** | **Health Care Equipment & Supplies – 0.6%** |  |
| 75273 | Abbott Laboratories | 8321430 |
| 50203 | Zimmer Biomet Holdings, Inc. | 6392850 |
|  |  | 14714280 |
| **Health Care Providers & Services – 0.9%** | **Health Care Providers & Services – 0.9%** |  |
| 140877 | CVS Health Corp. | 12428169 |
| 19995 | UnitedHealth Group, Inc. | 9981304 |
|  |  | 22409473 |
| **Hotels, Restaurants & Leisure – 0.8%** | **Hotels, Restaurants & Leisure – 0.8%** |  |
| 44974 | McDonald's Corp. | 12026048 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Hotels, Restaurants & Leisure – (continued)** | **Hotels, Restaurants & Leisure – (continued)** |  |
| 60045 | Yum! Brands, Inc. | $7836473 |
|  |  | 19862521 |
| **Household Products – 0.7%** | **Household Products – 0.7%** |  |
| 575602 | Reckitt Benckiser Group PLC ADR | 8311693 |
| 56840 | The Procter & Gamble Co. | 8092879 |
|  |  | 16404572 |
| **Industrial Conglomerates – 0.5%** | **Industrial Conglomerates – 0.5%** |  |
| 53017 | Honeywell International, Inc. | 11052984 |
| **Insurance – 1.8%** | **Insurance – 1.8%** |  |
| 54862 | Chubb Ltd. | 12480556 |
| 51184 | Marsh & McLennan Cos., Inc. | 8952593 |
| 168841 | MetLife, Inc. | 12328770 |
| 190163 | Zurich Insurance Group AG ADR | 9402610 |
|  |  | 43164529 |
| **IT Services – 0.9%** | **IT Services – 0.9%** |  |
| 22337 | Accenture PLC Class A Class A | 6233140 |
| 79803 | Fidelity National Information Services, Inc. | 5988417 |
| 70901 | International Business Machines Corp. | 9552492 |
|  |  | 21774049 |
| **Machinery – 0.8%** | **Machinery – 0.8%** |  |
| 32171 | Caterpillar, Inc. | 8116421 |
| 48696 | Illinois Tool Works, Inc. | 11494204 |
|  |  | 19610625 |
| **Media – 0.6%** | **Media – 0.6%** |  |
| 194739 | Bright Pattern Holding Co.<sup>(f)(i)</sup> | 1947 |
| 153313 | Comcast Corp. Class A | 6032867 |
| 65985 | Omnicom Group, Inc. | 5674050 |
| 81145 | The New York Times Co. Class A | 2827092 |
|  |  | 14535956 |
| **Metals & Mining – 0.6%** | **Metals & Mining – 0.6%** |  |
| 172339 | Rio Tinto PLC ADR | 13675100 |
| **Multiline Retail – 0.4%** | **Multiline Retail – 0.4%** |  |
| 60909 | Target Corp. | 10484875 |
| **Multi-Utilities – 1.6%** | **Multi-Utilities – 1.6%** |  |
| 97027 | Ameren Corp. | 8428735 |
| 118777 | CMS Energy Corp. | 7505519 |
| 106208 | Dominion Energy, Inc. | 6759077 |
| 115385 | National Grid PLC ADR | 7358101 |
| 51826 | Sempra Energy | 8309263 |
|  |  | 38360695 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Oil, Gas & Consumable Fuels – 3.0%** | **Oil, Gas & Consumable Fuels – 3.0%** |  |
| 2490 | Chesapeake Energy Corp. | $215933 |
| 136159 | ConocoPhillips | 16593697 |
| 41326 | EOG Resources, Inc. | 5465364 |
| 189190 | Exxon Mobil Corp. | 21947932 |
| 39012 | Pioneer Natural Resources Co. | 8986414 |
| 290987 | Shell PLC ADR | 17112945 |
| 86915 | Summit Midstream Partners LP<sup>(i)</sup> | 1531442 |
|  |  | 71853727 |
| **Personal Products – 0.4%** | **Personal Products – 0.4%** |  |
| 189776 | Unilever PLC ADR | 9697554 |
| **Pharmaceuticals – 3.3%** | **Pharmaceuticals – 3.3%** |  |
| 142654 | AstraZeneca PLC ADR | 9325292 |
| 293283 | Bristol-Myers Squibb Co. | 21307010 |
| 47109 | Eli Lilly & Co. | 16212563 |
| 133498 | Johnson & Johnson | 21816243 |
| 255848 | Roche Holding AG ADR | 10016449 |
|  |  | 78677557 |
| **Real Estate Management & Development – 0.4%** | **Real Estate Management & Development – 0.4%** |  |
| 695040 | Vonovia SE ADR | 9813965 |
| **Road & Rail – 0.3%** | **Road & Rail – 0.3%** |  |
| 30293 | Norfolk Southern Corp. | 7446322 |
| **Semiconductors & Semiconductor Equipment – 1.3%** | **Semiconductors & Semiconductor Equipment – 1.3%** |  |
| 24511 | KLA Corp. | 9620077 |
| 126200 | Marvell Technology, Inc. | 5445530 |
| 39005 | Texas Instruments, Inc. | 6912076 |
| 108282 | Tokyo Electron Ltd. ADR | 9447605 |
|  |  | 31425288 |
| **Software – 0.3%** | **Software – 0.3%** |  |
| 194739 | Aspect Software, Inc. Class B<sup>(f)(i)</sup> | 1947 |
| 27882 | Microsoft Corp. | 6909439 |
|  |  | 6911386 |
| **Specialty Retail – 0.6%** | **Specialty Retail – 0.6%** |  |
| 20862 | Advance Auto Parts, Inc. | 3176865 |
| 118094 | Foot Locker, Inc. | 5138270 |
| 54032 | Ross Stores, Inc. | 6386042 |
|  |  | 14701177 |
| **Technology Hardware, Storage & Peripherals – 0.1%** | **Technology Hardware, Storage & Peripherals – 0.1%** |  |
| 43262 | NetApp, Inc. | 2865242 |
| **Textiles, Apparel & Luxury Goods – 0.2%** | **Textiles, Apparel & Luxury Goods – 0.2%** |  |
| 122710 | Tapestry, Inc. | 5591895 |
| **Trading Companies & Distributors – 0.4%** | **Trading Companies & Distributors – 0.4%** |  |
| 181494 | Fastenal Co. | 9174522 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| <br> **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Water Utilities – 0.3%** | **Water Utilities – 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44805 | American Water Works Co., Inc. | $7011534 |
| **TOTAL COMMON STOCKS<br>(Cost $750,669,412)** | **TOTAL COMMON STOCKS<br>(Cost $750,669,412)** | $928596158 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(e)(j)</sup> – 6.5%** | **Bank Loans<sup>(e)(j)</sup> – 6.5%** | **Bank Loans<sup>(e)(j)</sup> – 6.5%** | **Bank Loans<sup>(e)(j)</sup> – 6.5%** |
| **Advertising – 0.0%** | **Advertising – 0.0%** | **Advertising – 0.0%** |  |
| CMG Media Corp. (3M USD LIBOR + 3.500%) | CMG Media Corp. (3M USD LIBOR + 3.500%) | CMG Media Corp. (3M USD LIBOR + 3.500%) | CMG Media Corp. (3M USD LIBOR + 3.500%) |
| 1164240 | 8.230% | 12/17/26 | $1102151 |
| **Aerospace & Defense – 0.1%** | **Aerospace & Defense – 0.1%** | **Aerospace & Defense – 0.1%** |  |
| ADS Tactical, Inc. (1M USD LIBOR + 5.750%) | ADS Tactical, Inc. (1M USD LIBOR + 5.750%) | ADS Tactical, Inc. (1M USD LIBOR + 5.750%) | ADS Tactical, Inc. (1M USD LIBOR + 5.750%) |
| 3657305 | 10.139 | 03/19/26 | 3358613 |
| **Auto Parts & Equipment<sup>(f)</sup> – 0.0%** | **Auto Parts & Equipment<sup>(f)</sup> – 0.0%** | **Auto Parts & Equipment<sup>(f)</sup> – 0.0%** |  |
| First Brands Group LLC<br> (3M USD SOFR + 5.246%) | First Brands Group LLC<br> (3M USD SOFR + 5.246%) | First Brands Group LLC<br> (3M USD SOFR + 5.246%) | First Brands Group LLC<br> (3M USD SOFR + 5.246%) |
| 700000 | 10.246 | 03/30/27 | 672000 |
| **Automotive – 0.5%** | **Automotive – 0.5%** | **Automotive – 0.5%** |  |
| First Brands Group LLC<br> (3M USD LIBOR + 8.500%) | First Brands Group LLC<br> (3M USD LIBOR + 8.500%) | First Brands Group LLC<br> (3M USD LIBOR + 8.500%) | First Brands Group LLC<br> (3M USD LIBOR + 8.500%) |
| 2900000 | 13.602 | 03/30/28 | 2608202 |
| (3M USD SOFR + 5.000%) | (3M USD SOFR + 5.000%) | (3M USD SOFR + 5.000%) |  |
| 3300353 | 10.250 | 03/30/27 | 3222795 |
| Garrett LX I S.a.r.l. (3M USD LIBOR + 3.250%) | Garrett LX I S.a.r.l. (3M USD LIBOR + 3.250%) | Garrett LX I S.a.r.l. (3M USD LIBOR + 3.250%) | Garrett LX I S.a.r.l. (3M USD LIBOR + 3.250%) |
| 2765000 | 8.080 | 04/30/28 | 2732732 |
| OEConnection LLC (1M USD LIBOR + 4.000%) | OEConnection LLC (1M USD LIBOR + 4.000%) | OEConnection LLC (1M USD LIBOR + 4.000%) | OEConnection LLC (1M USD LIBOR + 4.000%) |
| 2525430 | 4.148 | 09/25/26 | 2455981 |
|  |  |  | 11019710 |
| **Building & Construction Materials – 0.1%** | **Building & Construction Materials – 0.1%** | **Building & Construction Materials – 0.1%** | **Building & Construction Materials – 0.1%** |
| Energize HoldCo LLC<br> (1M USD LIBOR + 3.750%) | Energize HoldCo LLC<br> (1M USD LIBOR + 3.750%) | Energize HoldCo LLC<br> (1M USD LIBOR + 3.750%) | Energize HoldCo LLC<br> (1M USD LIBOR + 3.750%) |
| 2307592 | 8.320 | 12/08/28 | 2268178 |
| (3M USD LIBOR + 6.750%) | (3M USD LIBOR + 6.750%) | (3M USD LIBOR + 6.750%) |  |
| 1250000 | 11.320 <sup>(f)</sup> | 12/07/29 | 1150000 |
|  |  |  | 3418178 |
| **Building Materials – 0.1%** | **Building Materials – 0.1%** | **Building Materials – 0.1%** |  |
| Icebox Holdco III, Inc. | Icebox Holdco III, Inc. | Icebox Holdco III, Inc. |  |
| (3M USD LIBOR + 3.500%) | (3M USD LIBOR + 3.500%) | (3M USD LIBOR + 3.500%) | (3M USD LIBOR + 3.500%) |
| 2210220 | 8.230 | 12/22/28 | 2121811 |
| (3M USD LIBOR + 6.750%) | (3M USD LIBOR + 6.750%) | (3M USD LIBOR + 6.750%) |  |
| 625000 | 7.250 | 12/21/29 | 553125 |
|  |  |  | 2674936 |
| **Chemicals – 0.4%** | **Chemicals – 0.4%** | **Chemicals – 0.4%** |  |
| Momentive Performance Materials, Inc. (1M USD LIBOR + 3.250%) | Momentive Performance Materials, Inc. (1M USD LIBOR + 3.250%) | Momentive Performance Materials, Inc. (1M USD LIBOR + 3.250%) | Momentive Performance Materials, Inc. (1M USD LIBOR + 3.250%) |
| 4629891 | 7.820 | 05/15/24 | 4622669 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | |
| **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Value** |
| **Chemicals – (continued)** | **Chemicals – (continued)** | **Chemicals – (continued)** |  |
| Starfruit Finco B.V. (3M USD LIBOR + 2.750%) | Starfruit Finco B.V. (3M USD LIBOR + 2.750%) | Starfruit Finco B.V. (3M USD LIBOR + 2.750%) | Starfruit Finco B.V. (3M USD LIBOR + 2.750%) |
| 4637107 | 7.526% | 10/01/25 | $4584939 |
|  |  |  | 9207608 |
| **Commercial Services – 0.3%** | **Commercial Services – 0.3%** | **Commercial Services – 0.3%** |  |
| Anticimex International AB | Anticimex International AB | Anticimex International AB |  |
| (3M USD LIBOR + 3.500%) | (3M USD LIBOR + 3.500%) | (3M USD LIBOR + 3.500%) |  |
| 1983196 | 8.235 | 11/16/28 | 1959020 |
| (3M USD LIBOR + 4.000%) | (3M USD LIBOR + 4.000%) | (3M USD LIBOR + 4.000%) |  |
| 2958329 | 8.735 | 11/16/28 | 2930610 |
| Vaco Holdings, LLC (3M USD SOFR + 5.000%) | Vaco Holdings, LLC (3M USD SOFR + 5.000%) | Vaco Holdings, LLC (3M USD SOFR + 5.000%) | Vaco Holdings, LLC (3M USD SOFR + 5.000%) |
| 1262250 | 9.730 | 01/21/29 | 1238053 |
|  |  |  | 6127683 |
| **Computers – 0.2%** | **Computers – 0.2%** | **Computers – 0.2%** |  |
| Peraton Corp. (1M USD LIBOR + 7.750%) | Peraton Corp. (1M USD LIBOR + 7.750%) | Peraton Corp. (1M USD LIBOR + 7.750%) |  |
| 1747455 | 12.220 | 02/01/29 | 1688915 |
| Virtusa Corp. (1M USD LIBOR + 3.750%) | Virtusa Corp. (1M USD LIBOR + 3.750%) | Virtusa Corp. (1M USD LIBOR + 3.750%) |  |
| 1903232 | 8.320 | 02/11/28 | 1881231 |
|  |  |  | 3570146 |
| **Consumer Cyclical Services – 0.1%** | **Consumer Cyclical Services – 0.1%** | **Consumer Cyclical Services – 0.1%** |  |
| The Hertz Corp. | The Hertz Corp. | The Hertz Corp. |  |
| (1M USD LIBOR + 3.250%) | (1M USD LIBOR + 3.250%) | (1M USD LIBOR + 3.250%) |  |
| 2652168 | 7.820 | 06/30/28 | 2638298 |
| (1M USD LIBOR + 3.250%) | (1M USD LIBOR + 3.250%) | (1M USD LIBOR + 3.250%) |  |
| 507444 | 7.820 | 06/30/28 | 504789 |
|  |  |  | 3143087 |
| **Diversified Financial Services – 0.1%** | **Diversified Financial Services – 0.1%** | **Diversified Financial Services – 0.1%** |  |
| Fiserv Investment Solutions, Inc. (1M USD LIBOR + 4.482%) | Fiserv Investment Solutions, Inc. (1M USD LIBOR + 4.482%) | Fiserv Investment Solutions, Inc. (1M USD LIBOR + 4.482%) | Fiserv Investment Solutions, Inc. (1M USD LIBOR + 4.482%) |
| 633750 | 8.482 | 02/18/27 | 621601 |
| Syncapay, Inc. (3M USD LIBOR + 6.500%) | Syncapay, Inc. (3M USD LIBOR + 6.500%) | Syncapay, Inc. (3M USD LIBOR + 6.500%) |  |
| 2041800 | 11.230 | 12/10/27 | 2023934 |
|  |  |  | 2645535 |
| **Energy-Alternate Sources – 0.1%** | **Energy-Alternate Sources – 0.1%** | **Energy-Alternate Sources – 0.1%** |  |
| TerraForm Power Operating, LLC (3M USD SOFR + 2.750%) | TerraForm Power Operating, LLC (3M USD SOFR + 2.750%) | TerraForm Power Operating, LLC (3M USD SOFR + 2.750%) | TerraForm Power Operating, LLC (3M USD SOFR + 2.750%) |
| 2139250 | 7.430 | 05/21/29 | 2136576 |
| **Engineering & Construction – 0.1%** | **Engineering & Construction – 0.1%** | **Engineering & Construction – 0.1%** |  |
| Brown Group Holding LLC (1M USD SOFR + 3.750%) | Brown Group Holding LLC (1M USD SOFR + 3.750%) | Brown Group Holding LLC (1M USD SOFR + 3.750%) | Brown Group Holding LLC (1M USD SOFR + 3.750%) |
| 1197000 | 7.419 | 07/02/29 | 1196174 |
| KKR Apple Bidco LLC<sup>(f)</sup> (1M USD LIBOR + 5.750%) | KKR Apple Bidco LLC<sup>(f)</sup> (1M USD LIBOR + 5.750%) | KKR Apple Bidco LLC<sup>(f)</sup> (1M USD LIBOR + 5.750%) | KKR Apple Bidco LLC<sup>(f)</sup> (1M USD LIBOR + 5.750%) |
| 325000 | 10.320 | 09/21/29 | 318500 |
|  |  |  | 1514674 |
| **Environmental – 0.2%** | **Environmental – 0.2%** | **Environmental – 0.2%** | **Environmental – 0.2%** |
| Packers Holdings LLC (3M USD LIBOR + 3.250%) | Packers Holdings LLC (3M USD LIBOR + 3.250%) | Packers Holdings LLC (3M USD LIBOR + 3.250%) | Packers Holdings LLC (3M USD LIBOR + 3.250%) |
| 4740822 | 7.709 | 03/09/28 | 4381325 |
| **Food – 0.0%** | **Food – 0.0%** | **Food – 0.0%** |  |
| Sigma Bidco B.V. (3M USD LIBOR) | Sigma Bidco B.V. (3M USD LIBOR) | Sigma Bidco B.V. (3M USD LIBOR) |  |
| 820703 | 3.000 | 07/02/25 | 757780 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** |
| **Food & Drug Retailing – 0.0%** | **Food & Drug Retailing – 0.0%** | **Food & Drug Retailing – 0.0%** | **Food & Drug Retailing – 0.0%** |
| B&G Foods, Inc. (1M USD LIBOR + 2.500%) | B&G Foods, Inc. (1M USD LIBOR + 2.500%) | B&G Foods, Inc. (1M USD LIBOR + 2.500%) | B&G Foods, Inc. (1M USD LIBOR + 2.500%) |
| 563121 | 6.884% | 10/10/26 | $538366 |
| **Health Care - Services – 0.1%** | **Health Care - Services – 0.1%** | **Health Care - Services – 0.1%** | **Health Care - Services – 0.1%** |
| ICON Luxembourg S.a.r.l. (3M USD LIBOR + 2.250%) | ICON Luxembourg S.a.r.l. (3M USD LIBOR + 2.250%) | ICON Luxembourg S.a.r.l. (3M USD LIBOR + 2.250%) | ICON Luxembourg S.a.r.l. (3M USD LIBOR + 2.250%) |
| 762297 | 2.750 | 07/03/28 | 762015 |
| Verscend Holding Corp. (1M USD LIBOR + 4.000%) | Verscend Holding Corp. (1M USD LIBOR + 4.000%) | Verscend Holding Corp. (1M USD LIBOR + 4.000%) | Verscend Holding Corp. (1M USD LIBOR + 4.000%) |
| 1344404 | 8.570 | 08/27/25 | 1340559 |
|  |  |  | 2102574 |
| **Healthcare Providers & Services – 0.3%** | **Healthcare Providers & Services – 0.3%** | **Healthcare Providers & Services – 0.3%** | **Healthcare Providers & Services – 0.3%** |
| Insulet Corp. (3M USD LIBOR + 3.250%) | Insulet Corp. (3M USD LIBOR + 3.250%) | Insulet Corp. (3M USD LIBOR + 3.250%) | Insulet Corp. (3M USD LIBOR + 3.250%) |
| 4604441 | 7.926 | 05/04/28 | 4595830 |
| PRA Health Sciences, Inc. (3M USD LIBOR + 2.250%) | PRA Health Sciences, Inc. (3M USD LIBOR + 2.250%) | PRA Health Sciences, Inc. (3M USD LIBOR + 2.250%) | PRA Health Sciences, Inc. (3M USD LIBOR + 2.250%) |
| 189927 | 7.000 | 07/03/28 | 189857 |
| RegionalCare Hospital Partners Holdings, Inc. (3M USD PRIME + 2.750%) | RegionalCare Hospital Partners Holdings, Inc. (3M USD PRIME + 2.750%) | RegionalCare Hospital Partners Holdings, Inc. (3M USD PRIME + 2.750%) | RegionalCare Hospital Partners Holdings, Inc. (3M USD PRIME + 2.750%) |
| 3200000 | 8.575 | 11/16/25 | 3104896 |
|  |  |  | 7890583 |
| **Home Construction – 0.2%** | **Home Construction – 0.2%** | **Home Construction – 0.2%** | **Home Construction – 0.2%** |
| Chamberlain Group, Inc. (1M USD LIBOR + 3.250%) | Chamberlain Group, Inc. (1M USD LIBOR + 3.250%) | Chamberlain Group, Inc. (1M USD LIBOR + 3.250%) | Chamberlain Group, Inc. (1M USD LIBOR + 3.250%) |
| 4380750 | 7.634 | 11/03/28 | 4223788 |
| **Industrial Services – 0.1%** | **Industrial Services – 0.1%** | **Industrial Services – 0.1%** | **Industrial Services – 0.1%** |
| LaserShip, Inc. (3M USD LIBOR + 4.500%) | LaserShip, Inc. (3M USD LIBOR + 4.500%) | LaserShip, Inc. (3M USD LIBOR + 4.500%) | LaserShip, Inc. (3M USD LIBOR + 4.500%) |
| 2419375 | 9.230 | 05/07/28 | 1786563 |
| **Leisure Time – 0.1%** | **Leisure Time – 0.1%** | **Leisure Time – 0.1%** | **Leisure Time – 0.1%** |
| Arcis Golf LLC (1M USD LIBOR + 4.570%) | Arcis Golf LLC (1M USD LIBOR + 4.570%) | Arcis Golf LLC (1M USD LIBOR + 4.570%) | Arcis Golf LLC (1M USD LIBOR + 4.570%) |
| 2009812 | 8.820 | 11/24/28 | 2002276 |
| **Machinery – 0.0%** | **Machinery – 0.0%** | **Machinery – 0.0%** | **Machinery – 0.0%** |
| Brown Group Holding LLC (1M USD LIBOR + 2.500%) | Brown Group Holding LLC (1M USD LIBOR + 2.500%) | Brown Group Holding LLC (1M USD LIBOR + 2.500%) | Brown Group Holding LLC (1M USD LIBOR + 2.500%) |
| 980924 | 6.884 | 06/07/28 | 975254 |
| **Machinery-Diversified – 0.3%** | **Machinery-Diversified – 0.3%** | **Machinery-Diversified – 0.3%** | **Machinery-Diversified – 0.3%** |
| Clark Equipment Co. (3M USD SOFR + 2.500%) | Clark Equipment Co. (3M USD SOFR + 2.500%) | Clark Equipment Co. (3M USD SOFR + 2.500%) | Clark Equipment Co. (3M USD SOFR + 2.500%) |
| 347375 | 7.180 | 04/20/29 | 347267 |
| Engineered Machinery Holdings, Inc. | Engineered Machinery Holdings, Inc. | Engineered Machinery Holdings, Inc. | Engineered Machinery Holdings, Inc. |
| (3M USD Euribor + 3.750%) | (3M USD Euribor + 3.750%) | (3M USD Euribor + 3.750%) | (3M USD Euribor + 3.750%) |
| 864062 | 5.952 | 05/21/28 | 909428 |
| (3M USD LIBOR + 3.750%) | (3M USD LIBOR + 3.750%) | (3M USD LIBOR + 3.750%) | (3M USD LIBOR + 3.750%) |
| 1852413 | 8.480 | 05/19/28 | 1841169 |
| Vertical US Newco, Inc. (6M USD LIBOR + 3.500%) | Vertical US Newco, Inc. (6M USD LIBOR + 3.500%) | Vertical US Newco, Inc. (6M USD LIBOR + 3.500%) | Vertical US Newco, Inc. (6M USD LIBOR + 3.500%) |
| 4664838 | 6.871 | 07/30/27 | 4576719 |
|  |  |  | 7674583 |
| **Media – 0.4%** | **Media – 0.4%** | **Media – 0.4%** | **Media – 0.4%** |
| CSC Holdings LLC | CSC Holdings LLC | CSC Holdings LLC | CSC Holdings LLC |
| (3M USD SOFR + 4.500%) | (3M USD SOFR + 4.500%) | (3M USD SOFR + 4.500%) | (3M USD SOFR + 4.500%) |
| 1658918 | 8.823 | 01/17/28 | 1570797 |
| (1M USD LIBOR + 2.500%) | (1M USD LIBOR + 2.500%) | (1M USD LIBOR + 2.500%) | (1M USD LIBOR + 2.500%) |
| 3687819 | 6.959 | 04/15/27 | 3415842 |
| Cumulus Media New Holdings, Inc. (6M USD LIBOR + 3.750%) | Cumulus Media New Holdings, Inc. (6M USD LIBOR + 3.750%) | Cumulus Media New Holdings, Inc. (6M USD LIBOR + 3.750%) | Cumulus Media New Holdings, Inc. (6M USD LIBOR + 3.750%) |
| 602528 | 4.750 | 03/31/26 | 574787 |
| DirecTV Financing LLC (1M USD LIBOR + 5.000%) | DirecTV Financing LLC (1M USD LIBOR + 5.000%) | DirecTV Financing LLC (1M USD LIBOR + 5.000%) | DirecTV Financing LLC (1M USD LIBOR + 5.000%) |
| 2285312 | 9.384 | 08/02/27 | 2244131 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** |
| **Media – (continued)** | **Media – (continued)** | **Media – (continued)** | **Media – (continued)** |
| Syndigo LLC (6M USD LIBOR + 4.500%) | Syndigo LLC (6M USD LIBOR + 4.500%) | Syndigo LLC (6M USD LIBOR + 4.500%) | Syndigo LLC (6M USD LIBOR + 4.500%) |
| 2038687 | 5.250% | 12/15/27 | $1850109 |
|  |  |  | 9655666 |
| **Media - Broadcasting & Radio – 0.2%** | **Media - Broadcasting & Radio – 0.2%** | **Media - Broadcasting & Radio – 0.2%** | **Media - Broadcasting & Radio – 0.2%** |
| Getty Images, Inc. (1M USD LIBOR + 4.500%) | Getty Images, Inc. (1M USD LIBOR + 4.500%) | Getty Images, Inc. (1M USD LIBOR + 4.500%) | Getty Images, Inc. (1M USD LIBOR + 4.500%) |
| 2755158 | 9.125 | 02/19/26 | 2755158 |
| Grinding Media, Inc. (3M USD LIBOR + 4.000%) | Grinding Media, Inc. (3M USD LIBOR + 4.000%) | Grinding Media, Inc. (3M USD LIBOR + 4.000%) | Grinding Media, Inc. (3M USD LIBOR + 4.000%) |
| 2641562 | 4.750 | 10/12/28 | 2575523 |
|  |  |  | 5330681 |
| **Packaging – 0.3%** | **Packaging – 0.3%** | **Packaging – 0.3%** | **Packaging – 0.3%** |
| LABL, Inc. (1M USD LIBOR + 5.000%) | LABL, Inc. (1M USD LIBOR + 5.000%) | LABL, Inc. (1M USD LIBOR + 5.000%) | LABL, Inc. (1M USD LIBOR + 5.000%) |
| 1881000 | 9.570 | 10/29/28 | 1831962 |
| Pretium PKG Holdings, Inc. (3M USD LIBOR + 4.000%) | Pretium PKG Holdings, Inc. (3M USD LIBOR + 4.000%) | Pretium PKG Holdings, Inc. (3M USD LIBOR + 4.000%) | Pretium PKG Holdings, Inc. (3M USD LIBOR + 4.000%) |
| 1188000 | 7.741 | 10/02/28 | 1042304 |
| Reynolds Group Holdings, Inc. (1M USD LIBOR + 3.250%) | Reynolds Group Holdings, Inc. (1M USD LIBOR + 3.250%) | Reynolds Group Holdings, Inc. (1M USD LIBOR + 3.250%) | Reynolds Group Holdings, Inc. (1M USD LIBOR + 3.250%) |
| 1053500 | 3.343 | 02/05/26 | 1051193 |
| Trident TPI Holdings, Inc. (3M USD LIBOR + 4.000%) | Trident TPI Holdings, Inc. (3M USD LIBOR + 4.000%) | Trident TPI Holdings, Inc. (3M USD LIBOR + 4.000%) | Trident TPI Holdings, Inc. (3M USD LIBOR + 4.000%) |
| 2074876 | 8.726 | 09/15/28 | 2033005 |
|  |  |  | 5958464 |
| **Pharmaceuticals – 0.3%** | **Pharmaceuticals – 0.3%** | **Pharmaceuticals – 0.3%** | **Pharmaceuticals – 0.3%** |
| Gainwell Acquisition Corp. (3M USD LIBOR + 4.000%) | Gainwell Acquisition Corp. (3M USD LIBOR + 4.000%) | Gainwell Acquisition Corp. (3M USD LIBOR + 4.000%) | Gainwell Acquisition Corp. (3M USD LIBOR + 4.000%) |
| 6272000 | 8.730 | 10/01/27 | 6114698 |
| **Pipelines – 0.1%** | **Pipelines – 0.1%** | **Pipelines – 0.1%** | **Pipelines – 0.1%** |
| CQP Holdco LP (3M USD LIBOR + 3.750%) | CQP Holdco LP (3M USD LIBOR + 3.750%) | CQP Holdco LP (3M USD LIBOR + 3.750%) | CQP Holdco LP (3M USD LIBOR + 3.750%) |
| 3299874 | 8.480 | 06/05/28 | 3303174 |
| **Retailers – 0.1%** | **Retailers – 0.1%** | **Retailers – 0.1%** | **Retailers – 0.1%** |
| TruGreen LP (3M USD LIBOR + 8.500%) | TruGreen LP (3M USD LIBOR + 8.500%) | TruGreen LP (3M USD LIBOR + 8.500%) | TruGreen LP (3M USD LIBOR + 8.500%) |
| 1750000 | 13.325 | 11/02/28 | 1242500 |
| **Retailing – 0.2%** | **Retailing – 0.2%** | **Retailing – 0.2%** | **Retailing – 0.2%** |
| New Era Cap Co., Inc. (3M USD LIBOR + 6.000%) | New Era Cap Co., Inc. (3M USD LIBOR + 6.000%) | New Era Cap Co., Inc. (3M USD LIBOR + 6.000%) | New Era Cap Co., Inc. (3M USD LIBOR + 6.000%) |
| 1949062 | 10.815 | 07/13/27 | 1832119 |
| RC Buyer, Inc. | RC Buyer, Inc. | RC Buyer, Inc. | RC Buyer, Inc. |
| (3M USD LIBOR + 3.500%) | (3M USD LIBOR + 3.500%) | (3M USD LIBOR + 3.500%) | (3M USD LIBOR + 3.500%) |
| 1906125 | 8.230 | 07/28/28 | 1773649 |
| (3M USD LIBOR + 6.500%) | (3M USD LIBOR + 6.500%) | (3M USD LIBOR + 6.500%) | (3M USD LIBOR + 6.500%) |
| 800000 | 11.230 | 07/30/29 | 714664 |
|  |  |  | 4320432 |
| **Services Cyclical - Consumer Services – 0.1%** | **Services Cyclical - Consumer Services – 0.1%** | **Services Cyclical - Consumer Services – 0.1%** | **Services Cyclical - Consumer Services – 0.1%** |
| Asurion LLC (1M USD LIBOR + 3.250%) | Asurion LLC (1M USD LIBOR + 3.250%) | Asurion LLC (1M USD LIBOR + 3.250%) | Asurion LLC (1M USD LIBOR + 3.250%) |
| 3258635 | 7.634 | 12/23/26 | 3110986 |
| **Software – 0.8%** | **Software – 0.8%** | **Software – 0.8%** | **Software – 0.8%** |
| Athenahealth, Inc. (1M USD SOFR + 3.500%) | Athenahealth, Inc. (1M USD SOFR + 3.500%) | Athenahealth, Inc. (1M USD SOFR + 3.500%) | Athenahealth, Inc. (1M USD SOFR + 3.500%) |
| 2394978 | 5.653 | 02/15/29 | 2265242 |
| Banff Merger Sub, Inc. (1M USD LIBOR + 3.750%) | Banff Merger Sub, Inc. (1M USD LIBOR + 3.750%) | Banff Merger Sub, Inc. (1M USD LIBOR + 3.750%) | Banff Merger Sub, Inc. (1M USD LIBOR + 3.750%) |
| 4279778 | 6.122 | 10/02/25 | 4200088 |
| Ceridian HCM Holding, Inc. (1M USD LIBOR + 2.500%) | Ceridian HCM Holding, Inc. (1M USD LIBOR + 2.500%) | Ceridian HCM Holding, Inc. (1M USD LIBOR + 2.500%) | Ceridian HCM Holding, Inc. (1M USD LIBOR + 2.500%) |
| 2872500 | 6.884 | 04/30/25 | 2855983 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** | **Bank Loans<sup>(e)(j)</sup> – (continued)** |
| **Software – (continued)** | **Software – (continued)** | **Software – (continued)** | **Software – (continued)** |
| Epicor Software Corp. | Epicor Software Corp. | Epicor Software Corp. | Epicor Software Corp. |
| (1M USD LIBOR + 3.250%) | (1M USD LIBOR + 3.250%) | (1M USD LIBOR + 3.250%) | (1M USD LIBOR + 3.250%) |
| 4007750 | 7.820% | 07/30/27 | $3931843 |
| (1M USD LIBOR + 7.750%) | (1M USD LIBOR + 7.750%) | (1M USD LIBOR + 7.750%) | (1M USD LIBOR + 7.750%) |
| 1275000 | 12.320 | 07/31/28 | 1269951 |
| The Dun & Bradstreet Corp. (1M USD LIBOR + 3.250%) | The Dun & Bradstreet Corp. (1M USD LIBOR + 3.250%) | The Dun & Bradstreet Corp. (1M USD LIBOR + 3.250%) | The Dun & Bradstreet Corp. (1M USD LIBOR + 3.250%) |
| 3362119 | 7.767 | 02/06/26 | 3353109 |
| The Ultimate Software Group, Inc. (1M USD LIBOR + 3.750%) | The Ultimate Software Group, Inc. (1M USD LIBOR + 3.750%) | The Ultimate Software Group, Inc. (1M USD LIBOR + 3.750%) | The Ultimate Software Group, Inc. (1M USD LIBOR + 3.750%) |
| 1596375 | 8.575 | 05/04/26 | 1579310 |
|  |  |  | 19455526 |
| **Technology - Software/Services – 0.4%** | **Technology - Software/Services – 0.4%** | **Technology - Software/Services – 0.4%** | **Technology - Software/Services – 0.4%** |
| AppLovin Corp. (1M USD LIBOR + 3.250%) | AppLovin Corp. (1M USD LIBOR + 3.250%) | AppLovin Corp. (1M USD LIBOR + 3.250%) | AppLovin Corp. (1M USD LIBOR + 3.250%) |
| 832653 | 7.634 | 08/15/25 | 815134 |
| DCert Buyer, Inc. | DCert Buyer, Inc. | DCert Buyer, Inc. | DCert Buyer, Inc. |
| (3M USD SOFR + 4.000%) | (3M USD SOFR + 4.000%) | (3M USD SOFR + 4.000%) | (3M USD SOFR + 4.000%) |
| 4575123 | 8.696 | 10/16/26 | 4516516 |
| (6M USD SOFR + 4.696%) | (6M USD SOFR + 4.696%) | (6M USD SOFR + 4.696%) | (6M USD SOFR + 4.696%) |
| 2700000 | 11.696 | 02/19/29 | 2463750 |
| Loyalty Ventures, Inc.<sup>(f)</sup> (3M USD LIBOR + 4.500%) | Loyalty Ventures, Inc.<sup>(f)</sup> (3M USD LIBOR + 4.500%) | Loyalty Ventures, Inc.<sup>(f)</sup> (3M USD LIBOR + 4.500%) | Loyalty Ventures, Inc.<sup>(f)</sup> (3M USD LIBOR + 4.500%) |
| 2451250 | 8.884 | 11/03/27 | 949859 |
|  |  |  | 8745259 |
| **Telecommunication Services – 0.1%** | **Telecommunication Services – 0.1%** | **Telecommunication Services – 0.1%** | **Telecommunication Services – 0.1%** |
| Level 3 Financing, Inc. (1M USD LIBOR + 4.570%) | Level 3 Financing, Inc. (1M USD LIBOR + 4.570%) | Level 3 Financing, Inc. (1M USD LIBOR + 4.570%) | Level 3 Financing, Inc. (1M USD LIBOR + 4.570%) |
| 1568485 | 6.320 | 03/01/27 | 1540064 |
| **Telecommunications – 0.1%** | **Telecommunications – 0.1%** | **Telecommunications – 0.1%** | **Telecommunications – 0.1%** |
| Intelsat Jackson Holdings S.A. (6M USD SOFR + 4.500%) | Intelsat Jackson Holdings S.A. (6M USD SOFR + 4.500%) | Intelsat Jackson Holdings S.A. (6M USD SOFR + 4.500%) | Intelsat Jackson Holdings S.A. (6M USD SOFR + 4.500%) |
| 3005727 | 4.920 | 02/01/29 | 2956042 |
| **TOTAL BANK LOANS<br>(Cost $160,489,667)** | **TOTAL BANK LOANS<br>(Cost $160,489,667)** | **TOTAL BANK LOANS<br>(Cost $160,489,667)** | $154657481 |
| **Sovereign Debt Obligations – 0.4%** | **Sovereign Debt Obligations – 0.4%** | **Sovereign Debt Obligations – 0.4%** | **Sovereign Debt Obligations – 0.4%** |
| **United States Dollar – 0.4%** | **United States Dollar – 0.4%** | **United States Dollar – 0.4%** | **United States Dollar – 0.4%** |
| Benin Government International Bond | Benin Government International Bond | Benin Government International Bond | Benin Government International Bond |
| 350000 | 4.875% | 01/19/32 | $299646 |
| Dominican Republic International Bond | Dominican Republic International Bond | Dominican Republic International Bond | Dominican Republic International Bond |
| 330000 | 7.050 <sup>(b)</sup> | 02/03/31 | 330000 |
| Ivory Coast Government International Bond | Ivory Coast Government International Bond | Ivory Coast Government International Bond | Ivory Coast Government International Bond |
| 450000 | 6.375 <sup>(a)</sup> | 03/03/28 | 435375 |
| National Bank of Uzbekistan | National Bank of Uzbekistan | National Bank of Uzbekistan | National Bank of Uzbekistan |
| 200000 | 4.850 | 10/21/25 | 187750 |
| Republic of Colombia<sup>(b)</sup> | Republic of Colombia<sup>(b)</sup> | Republic of Colombia<sup>(b)</sup> | Republic of Colombia<sup>(b)</sup> |
| 820000 | 8.000 | 04/20/33 | 841679 |
| 360000 | 7.500 <sup>(b)</sup> | 02/02/34 | 356220 |
| Republic of Ecuador | Republic of Ecuador | Republic of Ecuador | Republic of Ecuador |
| 57283 | 0.000 <sup>(a)(c)</sup> | 07/31/30 | 24356 |
| Republic of Guatemala<sup>(b)</sup> | Republic of Guatemala<sup>(b)</sup> | Republic of Guatemala<sup>(b)</sup> | Republic of Guatemala<sup>(b)</sup> |
| 766000 | 6.125 | 06/01/50 | 744121 |
| Republic of Nigeria | Republic of Nigeria | Republic of Nigeria | Republic of Nigeria |
| 690000 | 6.500 | 11/28/27 | 565800 |
| 750000 | 7.143 | 02/23/30 | 570000 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Value** |
| **United States Dollar – (continued)** | **United States Dollar – (continued)** | **United States Dollar – (continued)** |  |
| Republic of Oman | Republic of Oman | Republic of Oman |  |
| 280000 | 5.625% | 01/17/28 | $281190 |
| 200000 | 6.250 <sup>(a)</sup> | 01/25/31 | 206725 |
| Republic of Panama | Republic of Panama | Republic of Panama |  |
| 930000 | 4.300 | 04/29/53 | 700871 |
| Republic of Paraguay<sup>(b)</sup> | Republic of Paraguay<sup>(b)</sup> | Republic of Paraguay<sup>(b)</sup> |  |
| 820000 | 5.400 | 03/30/50 | 729954 |
| Republic of Romania | Republic of Romania | Republic of Romania |  |
| 1030000 | 4.000 | 02/14/51 | 733875 |
| Republic of Senegal | Republic of Senegal | Republic of Senegal |  |
| 350000 | 6.250 | 05/23/33 | 302750 |
| Republic of Turkey | Republic of Turkey | Republic of Turkey |  |
| 1130000 | 9.875 | 01/15/28 | 1159662 |
| 260000 | 6.125 | 10/24/28 | 229125 |
| Ukraine Government Bond | Ukraine Government Bond | Ukraine Government Bond |  |
| 220000 | 7.750 | 09/01/25 | 50229 |
| United Mexican States<sup>(b)</sup> | United Mexican States<sup>(b)</sup> | United Mexican States<sup>(b)</sup> |  |
| 200000 | 5.400 | 02/09/28 | 205700 |
|  |  |  | 8955028 |
| **TOTAL SOVEREIGN DEBT OBLIGATIONS<br>(Cost $9,286,022)** | **TOTAL SOVEREIGN DEBT OBLIGATIONS<br>(Cost $9,286,022)** | **TOTAL SOVEREIGN DEBT OBLIGATIONS<br>(Cost $9,286,022)** | $8955028 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Preferred Stocks<sup>(b)</sup> – 0.4%** | **Preferred Stocks<sup>(b)</sup> – 0.4%** | **Preferred Stocks<sup>(b)</sup> – 0.4%** |
|  **Capital Markets<sup>(e)</sup> – 0.2%** | **Capital Markets<sup>(e)</sup> – 0.2%** | **Capital Markets<sup>(e)</sup> – 0.2%** |
|  Morgan Stanley, Inc. (3M USD LIBOR + 3.708%) | Morgan Stanley, Inc. (3M USD LIBOR + 3.708%) | Morgan Stanley, Inc. (3M USD LIBOR + 3.708%) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183597 | 6.375% | $4692739 |
|  **Diversified Telecommunication Services – 0.1%** | **Diversified Telecommunication Services – 0.1%** | **Diversified Telecommunication Services – 0.1%** |
|  Qwest Corp. | Qwest Corp. | Qwest Corp. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43276 | 6.500 | 891486 |
|  **Property Insurance<sup>(e)(i)</sup> – 0.1%** | **Property Insurance<sup>(e)(i)</sup> – 0.1%** | **Property Insurance<sup>(e)(i)</sup> – 0.1%** |
|  Delphi Financial Group, Inc. (3M USD LIBOR + 3.190%) | Delphi Financial Group, Inc. (3M USD LIBOR + 3.190%) | Delphi Financial Group, Inc. (3M USD LIBOR + 3.190%) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143849 | 7.796 | 3236603 |
| **TOTAL PREFERRED STOCKS<br>(Cost $8,780,987)** | **TOTAL PREFERRED STOCKS<br>(Cost $8,780,987)** | $8820828 |
| **Units** | **Expiration<br>Date** | **Value** |
| **Warrants<sup>(i)</sup> – 0.0%** | **Warrants<sup>(i)</sup> – 0.0%** | **Warrants<sup>(i)</sup> – 0.0%** |
|  Noble Corp. PLC | Noble Corp. PLC | Noble Corp. PLC |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5288 | 02/05/28 | $125061 |
| **TOTAL WARRANTS<br>(Cost $13,220)** | **TOTAL WARRANTS<br>(Cost $13,220)** | $125061 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br>Amount** | **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations<sup>(e)</sup> – 0.0%** | **Mortgage-Backed Obligations<sup>(e)</sup> – 0.0%** | **Mortgage-Backed Obligations<sup>(e)</sup> – 0.0%** | **Mortgage-Backed Obligations<sup>(e)</sup> – 0.0%** | **Mortgage-Backed Obligations<sup>(e)</sup> – 0.0%** |
|  **Collateralized Mortgage Obligations – 0.0%** | **Collateralized Mortgage Obligations – 0.0%** | **Collateralized Mortgage Obligations – 0.0%** | **Collateralized Mortgage Obligations – 0.0%** | **Collateralized Mortgage Obligations – 0.0%** |
|  **Sequential Floating Rate – 0.0%** | **Sequential Floating Rate – 0.0%** | **Sequential Floating Rate – 0.0%** | **Sequential Floating Rate – 0.0%** | **Sequential Floating Rate – 0.0%** |
|  Merrill Lynch Alternative Note Asset Trust Series 2007-OAR3, Class A1 (1M USD LIBOR + 0.190%) | Merrill Lynch Alternative Note Asset Trust Series 2007-OAR3, Class A1 (1M USD LIBOR + 0.190%) | Merrill Lynch Alternative Note Asset Trust Series 2007-OAR3, Class A1 (1M USD LIBOR + 0.190%) | Merrill Lynch Alternative Note Asset Trust Series 2007-OAR3, Class A1 (1M USD LIBOR + 0.190%) | Merrill Lynch Alternative Note Asset Trust Series 2007-OAR3, Class A1 (1M USD LIBOR + 0.190%) |
|  $ | 127692 | 4.696% | 07/25/47 | $110416 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | 110416 |
| **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $49,481)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $49,481)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $49,481)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $49,481)** | $110416 |

---

---

| | | |
|:---|:---|:---|
| **Units** | **Expiration<br>Date** | **Value** |
| **Rights<sup>(i)</sup> – 0.0%** | **Rights<sup>(i)</sup> – 0.0%** | **Rights<sup>(i)</sup> – 0.0%** |
|  Intelsat Jackson Holdings SA | Intelsat Jackson Holdings SA | Intelsat Jackson Holdings SA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3728 | 12/05/25 | $21745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3728 | 12/05/25 | 15378 |
| **TOTAL RIGHTS<br>(Cost $—)** | **TOTAL RIGHTS<br>(Cost $—)** | $37123 |
| **Shares** | **Dividend<br>Rate** | **Value** |
| **Investment Companies<sup>(k)</sup> – 7.4%** | **Investment Companies<sup>(k)</sup> – 7.4%** | **Investment Companies<sup>(k)</sup> – 7.4%** |
|  Goldman Sachs Financial Square Government Fund - Class R6 | Goldman Sachs Financial Square Government Fund - Class R6 | Goldman Sachs Financial Square Government Fund - Class R6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19907840 | 4.237% | $19907840 |
|  Goldman Sachs Financial Square Government Fund - Institutional Shares | Goldman Sachs Financial Square Government Fund - Institutional Shares | Goldman Sachs Financial Square Government Fund - Institutional Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122890026 | 4.237 | 122890026 |
|  Goldman Sachs MLP Energy Infrastructure Fund - Class R6 | Goldman Sachs MLP Energy Infrastructure Fund - Class R6 | Goldman Sachs MLP Energy Infrastructure Fund - Class R6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158185 | 7.041 | 35313068 |
| **TOTAL INVESTMENT COMPANIES<br>(Cost $162,645,237)** | **TOTAL INVESTMENT COMPANIES<br>(Cost $162,645,237)** | $178110934 |
| **Securities Lending Reinvestment Vehicle<sup>(k)</sup> – 0.1%** | **Securities Lending Reinvestment Vehicle<sup>(k)</sup> – 0.1%** | **Securities Lending Reinvestment Vehicle<sup>(k)</sup> – 0.1%** |
|  Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2944100 | 4.237% | $2944100 |
| **(Cost $2,944,100)** | **(Cost $2,944,100)** |  |
| **TOTAL INVESTMENTS – 97.4%<br>(Cost $2,251,691,906)** | **TOTAL INVESTMENTS – 97.4%<br>(Cost $2,251,691,906)** | $2326904536 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 2.6%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 2.6%** | 62901688 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $2389806224 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (b) | Security with "Call" features with resetting interest rates. Maturity dates disclosed are the final maturity dates. |
| (c) | Issued with a zero coupon. Income is recognized through the accretion of discount. |
| (d) | Security with "Put" features and resetting interest rates. Maturity dates disclosed are the puttable dates. Interest rate disclosed is that which is in effect on<br>January 31, 2023. |
| (e) | Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on January 31, 2023. |
| (f) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e., Level 3. |
| (g) | Pay-in-kind securities. |
| (h) | Guaranteed by a foreign government until maturity. |
| (i) | Security is currently in default and/or non-income producing. |
| (j) | Bank Loans often require prepayments from excess cash flows or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. As bank loan positions may involve multiple underlying tranches for which the aggregate position is presented, the stated interest rate represents the weighted average interest rate of all contracts on January 31, 2023. Bank Loans typically have rates of interest which are predetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base lending rates are primarily the London-Interbank Offered Rate ("LIBOR"), and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit ("CD") rate or other base lending rates used by commercial lenders. |
| (k) | Represents an Affiliated Issuer. |
| For information on the mutual funds, please call our toll free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.GSAMFUNDS.com | For information on the mutual funds, please call our toll free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.GSAMFUNDS.com |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

------

**ADDITIONAL INFORMATION (UNAUDITED)** 

------

**UNFUNDED LOAN COMMITMENTS** — At January 31, 2023, the Fund had unfunded loan commitments which could be extended at the option of the borrowers, pursuant to the following loan agreements:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower** | **Principal<br>Amount** | **Current<br>Value** | **Unrealized<br>Gain (Loss)** |
|  Athenahealth, Inc., due 02/15/29 | $293478 | $277581 | $(6577) |

---

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** — At January 31, 2023, the Fund had the following forward foreign currency exchange contracts:

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED GAIN** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Currency**<br> **Purchased** | **Currency**<br> **Purchased** | **Currency**<br> **Sold** | **Currency**<br> **Sold** | **Settlement<br>Date** | **Unrealized<br>Gain** |
|  MS & Co. Int. PLC | EUR | 1104338 | USD | 1192993 | 04/03/23 | $12378 |
| **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS** |
| **Counterparty** | **Currency<br>Purchased** | **Currency<br>Purchased** | **Currency<br>Sold** | **Currency<br>Sold** | **Settlement<br>Date** | **Unrealized<br>Loss** |
|  MS & Co. Int. PLC | USD | 25707731 | EUR | 24103163 | 04/03/23 | $(600570) |

---

**FUTURES CONTRACTS** — At January 31, 2023, the Fund had the following futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration<br>Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Long position contracts:** |  |  |  |  |
|  2 Year U.S. Treasury Notes | 380 | 03/31/23 | $1850836 | $305205 |
|  5 Year U.S. Treasury Notes | 20 | 03/31/23 | 2184844 | 4375 |
|  Euro Stoxx 50 Index | 1365 | 03/17/23 | 8269368 | 1337330 |
|  S&P 500 E-Mini Index | 173 | 03/17/23 | 35378500 | 796861 |
|  Ultra Long U.S. Treasury Bonds | 730 | 03/22/23 | 23035375 | 3763036 |
|  **Total** |  |  |  | $6206807 |
|  **Short position contracts:** |  |  |  |  |
|  10 Year German Euro-Bund | (32) | 03/08/23 | (4759805) | 157839 |
|  10 Year U.S. Treasury Notes | (820) | 03/22/23 | (61535016) | (1160589) |
|  5 Year German Euro-Bobl | (68) | 03/08/23 | (8671546) | 155882 |
|  5 Year U.S. Treasury Notes | (23) | 03/31/23 | (2512570) | (32564) |
|  **Total** |  |  |  | $(879432) |
|  **TOTAL FUTURES CONTRACTS** |  |  |  | $5327375 |

---

**CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Payments Made**<br> **by the Fund** | **Termination<br>Date** | **Notional<br>Amount<br>(000s)<sup>(a)</sup>** | **Market<br>Value** | **Upfront<br>Premium<br>(Received)<br>Paid** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
| 4.000%<sup>(b)</sup> 3M LIBOR<sup>(b)</sup> | 03/15/25 | $2680 | $(19370) | $(12060) | $(7310) |
| 3M LIBOR<sup>(b)</sup> 4.250%<sup>(b)</sup> | 03/15/26 | 4250 | 66229 | 47698 | 18531 |
| 3.000<sup>(b)</sup> 6M EURO<sup>(c)</sup> | 03/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;270 | 1071 | (2214) | 3285 |
| 3M LIBOR<sup>(b)</sup> 4.000<sup>(b)</sup> | 03/15/28 | $95300 | 2854855 | 2107005 | 747850 |

---

------

GOLDMAN SACHS INCOME BUILDER FUND

*January 31, 2023 (Unaudited)* 

------

**ADDITIONAL INFORMATION (UNAUDITED) (continued)** 

------

**CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS (continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Payments Made**<br> **by the Fund** | **Termination<br>Date** | **Notional<br>Amount<br>(000s)<sup>(a)</sup>** | **Market<br>Value** | **Upfront<br>Premium<br>(Received)<br>Paid** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  3.000%<sup>(b)</sup><br> 6M EURO<sup>(c)</sup> | 03/15/28 | 150 | $(391) | $(2810) | $2419 |
| 3.750<sup>(b)</sup><br> 12M SOFR<sup>(b)</sup> | 03/15/30 | $14070 | (462327) | (254631) | (207696) |
|  3M LIBOR<sup>(b)</sup><br> 3.750%<sup>(b)</sup> | 03/15/33 | 90780 | 4457062 | 3241840 | 1215222 |
|  3M LIBOR<sup>(b)</sup><br> 3.750<sup>(b)</sup> | 03/15/43 | 960 | 85997 | 79265 | 6732 |
|  3M LIBOR<sup>(b)</sup><br> 3.250<sup>(b)</sup> | 03/15/53 | 6310 | 386133 | 321011 | 65122 |
|  **TOTAL** |  |  | $7369259 | $5525104 | $1844155 |

---

(a) Represents forward starting interest rate swaps whose effective dates of commencement of accruals and cash flows occur subsequent to January 31, 2023.

(b) Payments made annually.

(c) Payments made semi-annually.

**WRITTEN OPTIONS CONTRACTS** — At January 31, 2023, the Fund had the following written options:

**OVER-THE-COUNTER OPTIONS ON EQUITIES** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Excercise**<br> **Price** | **Expiration<br>Date** | **Number of<br>Contracts** | **Notional**<br> **Amount** | **Market<br>Value** | **Premiums Paid<br>(Received)<br>by Fund** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Written option contracts** | **Written option contracts** | **Written option contracts** | **Written option contracts** | **Written option contracts** | **Written option contracts** |  |  |  |
|  **Calls** |  |  |  |  |  |  |  |  |
|  Call EUR/Put USD | Citibank NA | $4280.027 | 02/28/2023 | (9058) | $(3876848457) | $(181987) | $(181987) | $— |
|  Call USD/Put EUR | UBS AG (London) | 4211.130 | 02/28/2023 | (19374) | (8158643262) | (432791) | (432791) |  |
|  **Total written option contracts** | **Total written option contracts** | **Total written option contracts** | **Total written option contracts** | (28432) | $(12035491719) | $(614778) | $(614778) | $— |
|  **TOTAL** |  |  |  | (28432) | $(12035491719) | $(614778) | $(614778) | $0 |

---

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| EUR | — Euro |
| GBP | — British Pound |
| USD | — U.S. Dollar |
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| ADR | — American Depositary Receipt |
| CMT | — Constant Maturity Treasury Indexes |
| LIBOR | — London Interbank Offered Rate |
| LLC | — Limited Liability Company |
| LP | — Limited Partnership |
| MLP | — Master Limited Partnership |
| MTN | — Medium Term Note |
| PIK | — Payment in kind |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |
| SOFR | — Secured Overnight Funding Rate |
| WR | — Withdrawn Rating |
| **Abbreviations:** | **Abbreviations:** |
| EURO | — Euro Offered Rate |
| LIBOR | — London Interbank Offered Rate |
| MS & Co. Int. PLC | — Morgan Stanley & Co. International PLC |
| SOFR | — Secured Overnight Funding Rate |

---

------

GOLDMAN SACHS RISING DIVIDEND GROWTH FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 96.1%** | **Common Stocks – 96.1%** |  |
| **Air Freight & Logistics – 0.3%** | **Air Freight & Logistics – 0.3%** |  |
| 13245 | Forward Air Corp. | $1428473 |
| **Automobiles – 0.4%** | **Automobiles – 0.4%** |  |
| 21205 | Thor Industries, Inc. | 2021473 |
| **Banks – 0.6%** | **Banks – 0.6%** |  |
| 38780 | Comerica, Inc. | 2842962 |
| **Biotechnology – 2.1%** | **Biotechnology – 2.1%** |  |
| 35610 | AbbVie, Inc. | 5261378 |
| 19491 | Amgen, Inc. | 4919528 |
|  |  | 10180906 |
| **Building Products – 2.2%** | **Building Products – 2.2%** |  |
| 42805 | A.O. Smith Corp. | 2897899 |
| 10210 | Lennox International, Inc. | 2660930 |
| 56260 | Masco Corp. | 2993032 |
| 22900 | UFP Industries, Inc. | 2142295 |
|  |  | 10694156 |
| **Capital Markets – 6.7%** | **Capital Markets – 6.7%** |  |
| 12956 | Ameriprise Financial, Inc. | 4536155 |
| 6794 | BlackRock, Inc. | 5158073 |
| 14737 | Evercore, Inc. Class A | 1913010 |
| 8480 | FactSet Research Systems, Inc. | 3586531 |
| 9445 | MarketAxess Holdings, Inc. | 3436563 |
| 15100 | Moody's Corp. | 4873525 |
| 33756 | T. Rowe Price Group, Inc. | 3931561 |
| 64680 | The Charles Schwab Corp. | 5007526 |
|  |  | 32442944 |
| **Chemicals – 1.0%** | **Chemicals – 1.0%** |  |
| 19799 | The Sherwin-Williams Co. | 4684245 |
| **Commerical Services & Supplies – 0.7%** | **Commerical Services & Supplies – 0.7%** |  |
| 93047 | Rollins, Inc. | 3386911 |
| **Communications Equipment – 1.1%** | **Communications Equipment – 1.1%** |  |
| 21423 | Motorola Solutions, Inc. | 5505925 |
| **Consumer Finance – 0.9%** | **Consumer Finance – 0.9%** |  |
| 38735 | Discover Financial Services | 4521537 |
| **Distributors – 0.8%** | **Distributors – 0.8%** |  |
| 9785 | Pool Corp. | 3773194 |
| **Diversified Telecommunication Services – 0.6%** | **Diversified Telecommunication Services – 0.6%** |  |
| 40595 | Cogent Communications Holdings, Inc. | 2783599 |
| **Electric Utilities – 1.1%** | **Electric Utilities – 1.1%** |  |
| 69827 | NextEra Energy, Inc. | 5211189 |
| **Electronic Equipment, Instruments & Components – 3.2%** | **Electronic Equipment, Instruments & Components – 3.2%** | **Electronic Equipment, Instruments & Components – 3.2%** |
| 71876 | Amphenol Corp. Class A | 5733548 |
| 16670 | Badger Meter, Inc. | 1932053 |
| 144351 | Corning, Inc. | 4995988 |
| 11195 | Littelfuse, Inc. | 2873645 |
|  |  | 15535234 |
| **Entertainment – 1.7%** | **Entertainment – 1.7%** |  |
| 109912 | Activision Blizzard, Inc. | 8415962 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Equity Real Estate Investment Trusts (REITs) – 2.4%** | **Equity Real Estate Investment Trusts (REITs) – 2.4%** |  |
| 21389 | American Tower Corp. | $4778089 |
| 45040 | Equity LifeStyle Properties, Inc. | 3232971 |
| 23740 | Extra Space Storage, Inc. | 3746884 |
|  |  | 11757944 |
| **Food & Staples Retailing – 2.1%** | **Food & Staples Retailing – 2.1%** |  |
| 11624 | Costco Wholesale Corp. | 5941491 |
| 93362 | The Kroger Co. | 4166746 |
|  |  | 10108237 |
| **Food Products – 2.6%** | **Food Products – 2.6%** |  |
| 87226 | Hormel Foods Corp. | 3952210 |
| 73655 | Mondelez International, Inc. Class A | 4819983 |
| 60070 | Tyson Foods, Inc. Class A | 3949603 |
|  |  | 12721796 |
| **Health Care Equipment & Supplies – 3.2%** | **Health Care Equipment & Supplies – 3.2%** |  |
| 48330 | Abbott Laboratories | 5342881 |
| 62755 | Medtronic PLC | 5251966 |
| 19228 | Stryker Corp. | 4880259 |
|  |  | 15475106 |
| **Health Care Providers & Services – 4.3%** | **Health Care Providers & Services – 4.3%** |  |
| 57356 | CVS Health Corp. | 5059946 |
| 10617 | Elevance Health, Inc. | 5308394 |
| 9531 | Humana, Inc. | 4877013 |
| 11519 | UnitedHealth Group, Inc. | 5750169 |
|  |  | 20995522 |
| **Hotels, Restaurants & Leisure – 1.1%** | **Hotels, Restaurants & Leisure – 1.1%** |  |
| 50064 | Starbucks Corp. | 5463985 |
| **Household Products – 0.3%** | **Household Products – 0.3%** |  |
| 7870 | WD-40 Co. | 1373630 |
| **Independent Power and Renewable Electricity Producers – 0.8%** | **Independent Power and Renewable Electricity Producers – 0.8%** | **Independent Power and Renewable Electricity Producers – 0.8%** |
| 143400 | The AES Corp. | 3930594 |
| **Insurance – 2.2%** | **Insurance – 2.2%** |  |
| 21715 | American Financial Group, Inc. | 3096342 |
| 58845 | CNO Financial Group, Inc. | 1515847 |
| 14210 | Primerica, Inc. | 2298467 |
| 43045 | Principal Financial Group, Inc. | 3983815 |
|  |  | 10894471 |
| **IT Services – 7.9%** | **IT Services – 7.9%** |  |
| 41360 | Amdocs Ltd. | 3802225 |
| 25880 | Automatic Data Processing, Inc. | 5843963 |
| 31122 | Broadridge Financial Solutions, Inc. | 4679504 |
| 49258 | Global Payments, Inc. | 5552361 |
| 23024 | Jack Henry & Associates, Inc. | 4146392 |
| 18943 | Mastercard, Inc. Class A | 7020276 |
| 32590 | Visa, Inc. Class A | 7502544 |
|  |  | 38547265 |
| **Life Sciences Tools & Services – 2.0%** | **Life Sciences Tools & Services – 2.0%** |  |
| 28619 | Agilent Technologies, Inc. | 4352378 |

---

------

GOLDMAN SACHS RISING DIVIDEND GROWTH FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Life Sciences Tools & Services – (continued)** | **Life Sciences Tools & Services – (continued)** |  |
| 20129 | Danaher Corp. | $5321705 |
|  |  | 9674083 |
| **Machinery – 2.1%** | **Machinery – 2.1%** |  |
| 41628 | Graco, Inc. | 2844025 |
| 16780 | Lincoln Electric Holdings, Inc. | 2800079 |
| 22805 | Mueller Industries, Inc. | 1494868 |
| 25595 | The Toro Co. | 2854354 |
|  |  | 9993326 |
| **Media – 4.3%** | **Media – 4.3%** |  |
| 258739 | Comcast Corp. Class A | 10181380 |
| 23115 | Nexstar Media Group, Inc. | 4733258 |
| 170633 | The Interpublic Group of Cos., Inc. | 6221279 |
|  |  | 21135917 |
| **Metals & Mining – 1.6%** | **Metals & Mining – 1.6%** |  |
| 14845 | Reliance Steel & Aluminum Co. | 3376495 |
| 34524 | Steel Dynamics, Inc. | 4164976 |
|  |  | 7541471 |
| **Multiline Retail – 0.5%** | **Multiline Retail – 0.5%** |  |
| 6130 | Dillard's, Inc. Class A | 2410990 |
| **Multi-Utilities – 0.7%** | **Multi-Utilities – 0.7%** |  |
| 115650 | NiSource, Inc. | 3209287 |
| **Oil, Gas & Consumable Fuels – 13.7%** | **Oil, Gas & Consumable Fuels – 13.7%** |  |
| 25778 | Cheniere Energy Partners LP | 1406705 |
| 18968 | Cheniere Energy, Inc. | 2898121 |
| 1823 | Chevron Corp. | 317238 |
| 4182 | ConocoPhillips | 509660 |
| 111989 | Crestwood Equity Partners LP | 3012504 |
| 97272 | DCP Midstream LP | 4089315 |
| 5156 | Devon Energy Corp. | 326065 |
| 1118 | Diamondback Energy, Inc. | 163362 |
| 34308 | DTE Midstream, Inc.\* | 1875275 |
| 636116 | Energy Transfer LP | 8447621 |
| 236743 | EnLink Midstream LLC\* | 3011371 |
| 188418 | Enterprise Products Partners LP | 4823501 |
| 2577 | EOG Resources, Inc. | 340808 |
| 4475 | Exxon Mobil Corp. | 519145 |
| 91867 | Genesis Energy LP | 1037178 |
| 21400 | Hess Midstream LP Class A | 660832 |
| 17414 | Holly Energy Partners LP | 328428 |
| 81223 | Magellan Midstream Partners LP | 4337308 |
| 24746 | Marathon Oil Corp. | 679773 |
| 184817 | MPLX LP | 6453810 |
| 57390 | NuStar Energy LP | 961283 |
| 21176 | ONEOK, Inc. | 1450133 |
| 9533 | Ovintiv, Inc. | 469310 |
| 370607 | Plains All American Pipeline LP | 4617763 |
| 63519 | Plains GP Holdings LP Class A\* | 831464 |
| 29182 | Sunoco LP | 1392857 |
| 40704 | Targa Resources Corp. | 3053614 |
| 15629 | TC Energy Corp. | 674235 |
| 40643 | The Williams Cos., Inc. | 1310330 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Oil, Gas & Consumable Fuels – (continued)** | **Oil, Gas & Consumable Fuels – (continued)** |  |
| 246099 | Western Midstream Partners LP | $6649595 |
|  |  | 66648604 |
| **Personal Products – 1.1%** | **Personal Products – 1.1%** |  |
| 18964 | The Estee Lauder Cos., Inc. Class A | 5254545 |
| **Pharmaceuticals – 1.4%** | **Pharmaceuticals – 1.4%** |  |
| 51655 | Perrigo Co. PLC | 1932930 |
| 30705 | Zoetis, Inc. | 5081371 |
|  |  | 7014301 |
| **Professional Services – 0.5%** | **Professional Services – 0.5%** |  |
| 31865 | Robert Half International, Inc. | 2675385 |
| **Semiconductors & Semiconductor Equipment – 3.0%** | **Semiconductors & Semiconductor Equipment – 3.0%** |  |
| 14097 | KLA Corp. | 5532791 |
| 27597 | Power Integrations, Inc. | 2375826 |
| 38344 | Texas Instruments, Inc. | 6794940 |
|  |  | 14703557 |
| **Software – 5.9%** | **Software – 5.9%** |  |
| 25535 | InterDigital, Inc. | 1786173 |
| 16248 | Intuit, Inc. | 6867542 |
| 30816 | Microsoft Corp. | 7636513 |
| 79176 | Oracle Corp. | 7003909 |
| 12769 | Roper Technologies, Inc. | 5449171 |
|  |  | 28743308 |
| **Specialty Retail – 4.5%** | **Specialty Retail – 4.5%** |  |
| 43914 | Best Buy Co., Inc. | 3896050 |
| 25617 | Lowe's Cos., Inc. | 5334741 |
| 17436 | The Home Depot, Inc. | 5652228 |
| 18295 | Tractor Supply Co. | 4171077 |
| 20182 | Williams-Sonoma, Inc. | 2723359 |
|  |  | 21777455 |
| **Technology Hardware, Storage & Peripherals – 1.1%** | **Technology Hardware, Storage & Peripherals – 1.1%** |  |
| 179481 | HP, Inc. | 5230076 |
| **Textiles, Apparel & Luxury Goods – 1.6%** | **Textiles, Apparel & Luxury Goods – 1.6%** |  |
| 23630 | Columbia Sportswear Co. | 2266117 |
| 43820 | NIKE, Inc. Class A Class B | 5579601 |
|  |  | 7845718 |
| **Trading Companies & Distributors – 1.8%** | **Trading Companies & Distributors – 1.8%** |  |
| 80458 | Fastenal Co. | 4067152 |
| 20673 | MSC Industrial Direct Co., Inc. Class A | 1709657 |
| 10122 | Watsco, Inc. | 2908759 |
|  |  | 8685568 |
| **TOTAL COMMON STOCKS<br>(Cost $342,531,066)** | **TOTAL COMMON STOCKS<br>(Cost $342,531,066)** | $467240851 |

---

------

GOLDMAN SACHS RISING DIVIDEND GROWTH FUND

*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend<br>Rate** | **Value** |
| **Investment Companies<sup>(a)</sup> – 3.2%** | **Investment Companies<sup>(a)</sup> – 3.2%** | **Investment Companies<sup>(a)</sup> – 3.2%** |
|  Goldman Sachs Financial Square Government Fund - Class R6 | Goldman Sachs Financial Square Government Fund - Class R6 | Goldman Sachs Financial Square Government Fund - Class R6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15156180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.237% | $15156180 |
|  Goldman Sachs Financial Square Government Fund - Institutional Shares | Goldman Sachs Financial Square Government Fund - Institutional Shares | Goldman Sachs Financial Square Government Fund - Institutional Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362836 | 4.237 | 362836 |
| **TOTAL INVESTMENT COMPANIES<br>(Cost $15,519,016)** | **TOTAL INVESTMENT COMPANIES<br>(Cost $15,519,016)** | $15519016 |
| **TOTAL INVESTMENTS – 99.3%<br>(Cost $358,050,082)** | **TOTAL INVESTMENTS – 99.3%<br>(Cost $358,050,082)** | $482759867 |
| **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.7%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.7%** | 3486069 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $486245936 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |
| (a) | Represents an Affiliated Issuer. |
| For information on the mutual funds, please call our toll free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.GSAMFUNDS.com | For information on the mutual funds, please call our toll free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.GSAMFUNDS.com |

---

------

GOLDMAN SACHS RISING DIVIDEND GROWTH FUND

*January 31, 2023 (Unaudited)* 

------

**ADDITIONAL INFORMATION (UNAUDITED)** 

------

**FUTURES CONTRACTS** — At January 31, 2023, the Fund had the following futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of**<br> **Contracts** | **Expiration**<br> **Date** | **Notional**<br> **Amount** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Long position contracts:** |  |  |  |  |
|  S&P 500 E-Mini Index | 69 | 03/17/23 | $14110500 | $398084 |

---

**SWAP CONTRACTS** — At January 31, 2023, the Fund had the following swap contracts:

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| GP | — General Partnership |
| LLC | — Limited Liability Company |
| LP | — Limited Partnership |
| PLC | — Public Limited Company |

---

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*January 31, 2023 (Unaudited)* 

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**NOTES TO THE SCHEDULE OF INVESTMENTS** 

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**Investment Valuation** — The Fund's valuation policy is to value investments at fair value.

**Investments and Fair Value Measurements** — U.S. GAAP defines the fair value of a financial instrument as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price); the Funds' policy is to use the market approach. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest level input that is significant to the fair value measurement in its entirety. The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these investments. The three levels of the fair value hierarchy are described below:

Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 — Quoted prices in markets that are not active or financial instruments for which significant inputs are observable (including, but not limited to, quoted prices for similar investments, interest rates, foreign exchange rates, volatility and credit spreads), either directly or indirectly;

Level 3 — Prices or valuations that require significant unobservable inputs (including GSAM's assumptions in determining fair value measurement).

The Board of Trustees ("Trustees") has approved Valuation Procedures that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. With respect to the Funds' investments that do not have readily available market quotations, the Trustees have designated the Adviser as the valuation designee to perform fair valuations pursuant to Rule 2a-5 under the Investment Company Act of 1940 (the "Valuation Designee"). GSAM has day-to-day responsibility for implementing and maintaining internal controls and procedures related to the valuation of the Funds' investments. To assess the continuing appropriateness of pricing sources and methodologies, GSAM regularly performs price verification procedures and issues challenges as necessary to third party pricing vendors or brokers, and any differences are reviewed in accordance with the Valuation Procedures.

**Level 1 and Level 2 Fair Value Investments** — The valuation techniques and significant inputs used in determining the fair values for investments classified as Level 1 and Level 2 are as follows:

**Equity Securities** — Equity securities traded on a United States ("U.S.") securities exchange or the NASDAQ system, or those located on certain foreign exchanges, including but not limited to the Americas, are valued daily at their last sale price or official closing price on the principal exchange or system on which they are traded. If there is no sale or official closing price or such price is believed by GSAM to not represent fair value, equity securities will be valued at the valid closing bid price for long positions and at the valid closing ask price for short positions (i.e. where there is sufficient volume, during normal exchange trading hours). If no valid bid/ask price is available, the equity security will be valued pursuant to the Valuation Procedures and consistent with applicable regulatory guidance. To the extent these investments are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. Certain equity securities containing unique attributes may be classified as Level 2.

Unlisted equity securities for which market quotations are available are valued at the last sale price on the valuation date, or if no sale occurs, at the last bid price for long positions or the last ask price for short positions, and are generally classified as Level 2. Securities traded on certain foreign securities exchanges are valued daily at fair value determined by an independent fair value service (if available) under the Valuation Procedures and consistent with applicable regulatory guidance. The independent fair value service takes into account multiple factors including, but not limited to, movements in the securities markets, certain depositary receipts, futures contracts and foreign currency exchange rates that have occurred subsequent to the close of the foreign securities exchange. These investments are generally classified as Level 2 of the fair value hierarchy.

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*January 31, 2023 (Unaudited)* 

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**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

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**Underlying Funds (including Money Market Funds)** — Underlying funds ("Underlying Funds") include other investment companies and exchange-traded funds ("ETFs"). Investments in the Underlying Funds (except ETFs) are valued at the NAV per share on the day of valuation. ETFs are valued daily at the last sale price or official closing price on the principal exchange or system on which the investment is traded. Because the Fund invests in Underlying Funds that fluctuate in value, the Fund's shares will correspondingly fluctuate in value. Underlying Funds are generally classified as Level 1 of the fair value hierarchy. To the extent that underlying ETFs are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. For information regarding an Underlying Fund's accounting policies and investment holdings, please see the Underlying Fund's shareholder report.

**Debt Securities** — Debt securities for which market quotations are readily available are valued daily on the basis of quotations supplied by dealers or an independent pricing service approved by the Trustees. The pricing services may use valuation models or matrix pricing, which consider: (i) yield or price with respect to bonds that are considered comparable in characteristics such as rating, interest rate and maturity date or (ii) quotations from securities dealers to determine current value. With the exception of treasury securities of G7 countries, which are generally classified as Level 1, these investments are generally classified as Level 2 of the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i. Bank Loans** — Bank loans ("Loans") are interests in amounts owed by corporate, governmental, or other borrowers to lenders or lending syndicates. Loans are arranged through private negotiations between the borrower and one or more financial institutions ("Lenders"). A Fund's investments in Loans are in the form of either participations in Loans ("Participations") or assignments of all or a portion of Loans from third parties ("Assignments"). With respect to Participations, a Fund has the right to receive payments of principal, interest and any fees to which it is entitled from the Lender selling the Participations and only upon receipt by the Lender of the payments from the borrower. A Fund generally has no right to enforce compliance by the borrower with the terms of the loan agreement with respect to Participations. Conversely, assignments result in a Fund having a direct contractual relationship with the borrower, and the Fund may be permitted to enforce compliance by the borrower with the terms of the loan agreement.

The Multi-Manager Non-Core Fixed Income Fund may also enter into certain credit arrangements, all or a portion of which may be unfunded. Unfunded loan commitments represent the remaining obligation of the Fund to the borrower. The Fund is obligated to fund these commitments at the borrower's discretion. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit of a loan. All loans and unfunded loan commitments involve interest rate risk, liquidity risk and credit risk, including the potential default or insolvency of the borrower. Loans, including unfunded loan commitments, are marked to market daily using pricing vendor quotations and the change in value, if any, is recorded as an unrealized gain or loss.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ii. Mortgage-Backed and Asset-Backed Securities** — Mortgage-backed securities represent direct or indirect participations in, or are collateralized by and payable from, mortgage loans secured by residential and/or commercial real estate property. Asset-backed securities include securities whose principal and interest payments are collateralized by pools of other assets or receivables. The value of certain mortgage-backed and asset-backed securities (including adjustable rate mortgage loans) may be particularly sensitive to changes in prevailing interest rates. The value of these securities may also fluctuate in response to the market's perception of the creditworthiness of the issuers.

Asset-backed securities may present credit risks that are not presented by mortgage-backed securities because they generally do not have the benefit of a security interest in collateral that is comparable to mortgage assets. Some asset-backed securities may only have a subordinated claim on collateral.

Stripped mortgage-backed securities are usually structured with two different classes: one that receives substantially all interest payments (interest-only, or "IO" and/or high coupon rate with relatively low principal amount, or "IOette"), and the other that receives substantially all principal payments (principal-only, or "PO") from a pool of mortgage loans. Little to no principal will be received at the maturity of an IO; as a result, periodic adjustments are recorded to reduce the cost of the security until maturity. These adjustments are included in interest income.

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*January 31, 2023 (Unaudited)* 

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**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

**Derivative Contracts** — A derivative is an instrument whose value is derived from underlying assets, indices, reference rates or a combination of these factors. A Fund enters into derivative transactions to hedge against changes in interest rates, securities prices, and/or currency exchange rates, to increase total return, or to gain access to certain markets or attain exposure to other underliers. For financial reporting purposes, cash collateral that has been pledged to cover obligations of a Fund and cash collateral received, if any, is reported separately on the Statements of Assets and Liabilities as either due to broker/receivable for collateral on certain derivatives contracts. Non-cash collateral pledged by a Fund, if any, is noted in the Schedules of Investments.

Exchange-traded derivatives, including futures and options contracts, are generally valued at the last sale or settlement price on the exchange where they are principally traded. Exchange-traded options without settlement prices are generally valued at the midpoint of the bid and ask prices on the exchange where they are principally traded (or, in the absence of two-way trading, at the last bid price for long positions and the last ask price for short positions). Exchange-traded derivatives typically fall within Level 1 of the fair value hierarchy. Over-the-counter ("OTC") and centrally cleared derivatives are valued using market transactions and other market evidence, including market-based inputs to models, calibration to market-clearing transactions, broker or dealer quotations, or other alternative pricing sources. Where models are used, the selection of a particular model to value OTC and centrally cleared derivatives depends upon the contractual terms of, and specific risks inherent in, the instrument, as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit curves, measures of volatility, voluntary and involuntary prepayment rates, loss severity rates and correlations of such inputs. For OTC and centrally cleared derivatives that trade in liquid markets, model inputs can generally be verified and model selection does not involve significant management judgment. OTC and centrally cleared derivatives are classified within Level 2 of the fair value hierarchy when significant inputs are corroborated by market evidence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i. Forward Contracts** — A forward contract is a contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract settlement can occur on a cash or delivery basis. Forward contracts are marked-to-market daily using independent vendor prices, and the change in value, if any, is recorded as an unrealized gain or loss. Cash and certain investments may be used to collateralize forward contracts.

A forward foreign currency exchange contract is a forward contract in which the Fund agrees to receive or deliver a fixed quantity of one currency for another, at a pre-determined price at a future date. All forward foreign currency exchange contracts are marked to market daily by using the outright forward rates or interpolating based upon maturity dates, where available. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in cash without the delivery of foreign currency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ii. Futures Contracts** — Futures contracts are contracts to buy or sell a standardized quantity of a specified commodity or security. Upon entering into a futures contract, a Fund deposits cash or securities in an account on behalf of the broker in an amount sufficient to meet the initial margin requirement. Subsequent payments are made or received by a Fund equal to the daily change in the contract value and are recorded as variation margin receivable or payable with a corresponding offset to unrealized gains or losses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iii. Options** — When a Fund writes call or put options, an amount equal to the premium received is recorded as a liability and is subsequently marked-to-market to reflect the current value of the option written. Swaptions are options on swap contracts.

Upon the purchase of a call option or a put option by a Fund, the premium paid is recorded as an investment and subsequently marked-to-market to reflect the current value of the option. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iv. Swap Contracts** — Bilateral swap contracts are agreements in which a Fund and a counterparty agree to exchange periodic payments on a specified notional amount or make a net payment upon termination. Bilateral swap transactions are privately negotiated in the OTC market and payments are settled through direct payments between a Fund and the counterparty. By contrast, certain swap transactions are subject to mandatory central clearing. These swaps are executed through a derivatives clearing member ("DCM"), acting in an agency capacity, and submitted to a central counterparty

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*January 31, 2023 (Unaudited)* 

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**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

("CCP") ("centrally cleared swaps"), in which case all payments are settled with the CCP through the DCM. Swaps are marked-to-market daily using pricing vendor quotations, counterparty or clearinghouse prices or model prices, and the change in value, if any, is recorded as an unrealized gain or loss. Upon entering into a swap contract, a Fund is required to satisfy an initial margin requirement by delivering cash or securities to the counterparty (or in some cases, segregated in a triparty account on behalf of the counterparty), which can be adjusted by any mark-to-market gains or losses pursuant to bilateral or centrally cleared arrangements. For centrally cleared swaps the daily change in valuation, if any, is recorded as a receivable or payable for variation margin.

An *interest rate swap* is an agreement that obligates two parties to exchange a series of cash flows at specified intervals, based upon or calculated by reference to changes in interest rates on a specified notional principal amount. The payment flows are usually netted against each other, with the difference being paid by one party to the other.

A *credit default swap* is an agreement that involves one party (the buyer of protection) making a stream of payments to another party (the seller of protection) in exchange for the right to receive protection on a reference security or obligation, including a group of assets or exposure to the performance of an index. A Fund's investment in credit default swaps may involve greater risks than if the Fund had invested in the referenced obligation directly. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring and obligation acceleration. If a Fund buys protection through a credit default swap and no credit event occurs, its payments are limited to the periodic payments previously made to the counterparty. Upon the occurrence of a specified credit event, a Fund, as a buyer of credit protection, is entitled to receive an amount equal to the notional amount of the swap and deliver to the seller the defaulted reference obligation in a physically settled trade. A Fund may also receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap reduced by the recovery value of the reference obligation in a cash settled trade.

As a seller of protection, a Fund generally receives a payment stream throughout the term of the swap, provided that there is no credit event. In addition, if a Fund sells protection through a credit default swap, the Fund could suffer a loss because the value of the referenced obligation and the premium payments received may be less than the notional amount of the swap paid to the buyer of protection. Upon the occurrence of a specified credit event, a Fund, as a seller of credit protection, may be required to take possession of the defaulted reference obligation and pay the buyer an amount equal to the notional amount of the swap in a physically settled trade. A Fund may also pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap reduced by the recovery value of the reference obligation in a cash settled trade. Recovery values are at times established through the credit event auction process in which market participants are ensured that a transparent price has been set for the defaulted security or obligation. In addition, a Fund is entitled to a return of any assets, which have been pledged as collateral to the counterparty upon settlement.

The maximum potential amount of future payments (undiscounted) that a Fund as seller of protection could be required to make under a credit default swap would be an amount equal to the notional amount of the agreement. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or net amounts received from a settlement of a credit default swap for the same reference security or obligation where a Fund bought credit protection.

A *total return swap* is an agreement that gives a Fund the right to receive the appreciation or depreciation, as applicable, in the value of a specified security, an index, a basket of investments or indices, or other instrument in return for a fee paid to the counterparty, which will typically be an agreed upon interest rate. If the underlying asset declines in value over the term of the swap, a Fund may also be required to pay the dollar value of that decline to the counterparty.

**Level 3 Fair Value Investments** — To the extent that significant inputs to valuation models and other alternative pricing sources are unobservable, or if quotations are not readily available, or if GSAM believes that such quotations do not accurately reflect fair value, the fair value of a Fund's investments may be determined under the Valuation Procedures approved by the Trustees. GSAM, consistent with its procedures and applicable regulatory guidance, may make an adjustment to the most recent valuation prices of either domestic or foreign securities in light of significant events to reflect what it believes to be the fair value of the securities at the time of determining a Fund's NAV. To the extent investments are valued using single source broker quotations obtained directly from the broker or passed through from third party pricing vendors, such investment are classified as Level 3 investments.

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*January 31, 2023 (Unaudited)* 

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**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

**Fair Value Hierarchy** — The following is a summary of the Funds' investments and derivatives classified in the fair value hierarchy as of January 31, 2023:

---

| | | | |
|:---|:---|:---|:---|
| **INCOME BUILDER**<br>**Investment Type** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations | $— | $1044547407 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans |  | 151567122 | 3090359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Debt Obligations |  | 8955028 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Obligations |  | 110416 |  |
|  Common Stock and/or Other Equity Investments<sup>(a)</sup> |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asia | 15419144 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Europe | 193996382 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; North America | 693752100 |  | 3894 |
| &nbsp;&nbsp;&nbsp;&nbsp; South America | 25424638 |  |  |
|  Preferred Stocks |  | 8820828 |  |
|  Securities Lending Reinvestment Vehicle | 2944100 |  |  |
|  Warrants |  | 125061 |  |
|  Rights |  | 37123 |  |
|  Investment Companies | 178110934 |  |  |
| **Total** | $1109647298 | $1214162985 | $3094253 |
| **Liabilities** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unfunded Loan Committment | $— | $(6577) | $— |
| **Derivative Type** |  |  |  |
| **Assets** |  |  |  |
|  Forward Foreign Currency Exchange Contracts<sup>(b)</sup> | $— | $12378 | $— |
|  Futures Contracts<sup>(b)</sup> | 6520528 |  |  |
|  Interest Rate Swap Contracts<sup>(b)</sup> |  | 2059161 |  |
| **Total** | $6520528 | $2071539 | $— |
| **Liabilities** |  |  |  |
|  Forward Foreign Currency Exchange Contracts<sup>(b)</sup> | $— | $(600570) | $— |
|  Futures Contracts<sup>(b)</sup> | (1193153) |  |  |
|  Interest Rate Swap Contracts<sup>(b)</sup> |  | (215006) |  |
|  Written Option Contracts |  | (614778) |  |
| **Total** | $(1193153) | $(1430354) | $— |

---

(a) Amounts are disclosed by continent to highlight the impact of time zone differences between local market close and the calculation of net asset value. Security valuations are based on the principal exchange or system on
which they are traded, which may differ from country of domicile. The Fund utilizes fair value model prices provided by an independent fair value service for international equities, resulting in a Level 2 classification.

(b) Amount shown represents unrealized gain (loss) at period end.

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*January 31, 2023 (Unaudited)* 

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**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

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---

| | | | |
|:---|:---|:---|:---|
| **RISING DIVIDEND GROWTH**<br>**Investment Type** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** |
| **Assets** | **Assets** | **Assets** | **Assets** |
|  Common Stock and/or Other Equity Investments<sup>(a)</sup> |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Europe | $7184896 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; North America | 460055955 |  |  |
|  Investment Companies | 15519016 |  |  |
| **Total** | $482759867 | $— | $— |
| **Derivative Type** |  |  |  |
| **Assets** |  |  |  |
|  Futures Contracts<sup>(b)</sup> | $398084 | $— | $— |

---

(a) Amounts are disclosed by continent to highlight the impact of time zone differences between local market close and the calculation of net asset value. Security valuations are based on the principal exchange or system on
which they are traded, which may differ from country of domicile. The Fund utilizes fair value model prices provided by an independent fair value service for international equities, resulting in a Level 2 classification.

(b) Amount shown represents unrealized gain (loss) at period end.

For further information regarding security characteristics, see the Schedules of Investments.

The Funds' risks include, but are not limited to, the following:

**Derivatives Risk** — The Funds' use of derivatives and other similar instruments (collectively, referred to in this paragraph as "derivatives") may result in loss, including due to adverse market movements. Derivatives, which may pose risks in addition to and greater than those associated with investing directly in securities, currencies or other assets and instruments, may increase market exposure and be illiquid or less liquid, volatile, difficult to price and leveraged so that small changes in the value of the underlying assets or instruments may produce disproportionate losses to the Funds. Certain derivatives are also subject to counterparty risk, which is the risk that the other party in the transaction will not, or lacks the capacity or authority to, fulfill its contractual obligations, liquidity risk, which includes the risk that the Funds will not be able to exit the derivative when it is advantageous to do so, and risks arising from margin requirements, which include the risk that the Funds will be required to pay additional margin or set aside additional collateral to maintain open derivative positions. The use of derivatives is a highly specialized activity that involves investment techniques and risks different from those associated with investments in more traditional securities and instruments. Losses from derivatives can also result from a lack of correlation between changes in the value of derivative instruments and the portfolio assets (if any) being hedged.

**Dividend-Paying Investments Risk** — The Fund's investments in dividend-paying securities could cause a Fund to underperform other portfolios. Securities that pay dividends, as a group, can fall out of favor with the market, causing such securities to underperform securities that do not pay dividends. Depending upon market conditions and political and legislative responses to such conditions, dividend-paying securities that meet the Fund's investment criteria may not be widely available and/or may be highly concentrated in only a few market sectors. In addition, issuers that have paid regular dividends or distributions to shareholders may not continue to do so at the same level or at all in the future. This may limit the ability of the Fund to produce current income.

**Energy Sector Risk** — The Underlying MLP Fund concentrates its investments in the energy sector, and will therefore be susceptible to adverse economic, environmental, business, regulatory or other occurrences affecting that sector. The energy sector has historically experienced substantial price volatility. MLPs and other companies operating in the energy sector are subject to specific risks, including, among others: fluctuations in commodity prices; reduced consumer demand for commodities such as oil, natural gas or petroleum products; reduced availability of natural gas or other commodities for transporting, processing, storing or delivering; slowdowns in new construction; extreme weather or other natural disasters; and threats of attack by terrorists on energy assets. Additionally, changes in the regulatory environment for energy companies may adversely impact their profitability. Over time, depletion of natural gas reserves and other energy reserves may also affect the profitability of energy companies.

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*January 31, 2023 (Unaudited)* 

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**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

**Floating and Variable Rate Obligations Risk** — Floating rate and variable rate obligations are debt instruments issued by companies or other entities with interest rates that reset periodically (typically daily, monthly, quarterly, or semiannually) in response to changes in the market rate of interest on which the interest rate is based. Such market rates are generally the Secured Overnight Financing Rate, London Interbank Offered Rate ("LIBOR"), the Prime Rate of a designated U.S. bank, the Federal Funds Rate, or another base lending rate used by commercial lenders. For floating and variable rate obligations, there may be a lag between an actual change in the underlying interest rate benchmark and the reset time for an interest payment of such an obligation, which could harm or benefit a Fund, depending on the interest rate environment or other circumstances. In a rising interest rate environment, for example, a floating or variable rate obligation that does not reset immediately would prevent a Fund from taking full advantage of rising interest rates in a timely manner. However, in a declining interest rate environment, a Fund may benefit from a lag due to an obligation's interest rate payment not being immediately impacted by a decline in interest rates.

At the end of 2021, certain LIBORs were discontinued, but the most widely used LIBORs may continue to be provided on a representative basis until June 2023. The unavailability or replacement of LIBOR may affect the value, liquidity or return on certain Fund investments and may result in costs incurred in connection with closing out positions and entering into new trades. Any pricing adjustments to a Fund's investments resulting from a substitute reference rate may also adversely affect a Fund's performance and/or NAV.

**Foreign Countries Risk** — Investing in foreign markets may involve special risks and considerations not typically associated with investing in the United States. Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information and less economic, political and social stability in the countries in which the Fund invests. The imposition of sanctions, exchange controls (including repatriation restrictions), confiscation of assets and property, trade restrictions (including tariffs) and other government restrictions by the United States or other governments, or from problems in registration, settlement or custody, may also result in losses. The type and severity of sanctions and other similar measures, including counter sanctions and other retaliatory actions, that may be imposed could vary broadly in scope, and their impact is impossible to predict. For example, the imposition of sanctions and other similar measures could, among other things, cause a decline in the value and/or liquidity of securities issued by the sanctioned country or companies located in or economically tied to the sanctioned country and increase market volatility and disruption in the sanctioned country and throughout the world. Sanctions and other similar measures could limit or prevent the (Funds/Portfolios) from buying and selling securities (in the impact the Funds/Portfolios liquidity and performance. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time.

**Foreign Custody Risk** — If a Fund invests in foreign securities, the Fund may hold such securities and cash with foreign banks, agents, and securities depositories appointed by the Fund's custodian (each a "Foreign Custodian"). Some foreign custodians may be recently organized or new to the foreign custody business. In some countries, Foreign Custodians may be subject to little or no regulatory oversight over, or independent evaluation of, their operations. Further, the laws of certain countries may place limitations on aFund's ability to recover its assets if a Foreign Custodian enters bankruptcy.

**Interest Rate Risk** — When interest rates increase, fixed income securities or instruments held by a Fund will generally decline in value. The Fund may face a heightened level of interest rate risk in connection with the type and extent of certain monetary policy changes made by the Federal Reserve, such as target interest rate changes. Long-term fixed income securities or instruments will normally have more price volatility because of this risk than short-term fixed income securities or instruments. A wide variety of market factors can cause interest rates to rise, including central bank monetary policy, rising inflation and changes in general economic conditions. The risks associated with changing interest rates may have unpredictable effects on the markets and a Fund's investments. Fluctuations in interest rates may also affect the liquidity of fixed income securities and instruments held by the Funds. A sudden or unpredictable increase in interest rates may cause volatility in the market and may decrease the liquidity of the Fund's investments, which would make it harder for the Fund to sell its investments at an advantageous time.

------

*January 31, 2023 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

**Investments in Other Investment Companies Risk** — As a shareholder of another investment company, a Fund will indirectly bear its proportionate share of any net management fees and other expenses paid by such other investment companies, in addition to the fees and expenses regularly borne by the Fund.

**Large Shareholder Transactions Risk** — A Fund may experience adverse effects when certain large shareholders, such as other funds, institutional investors (including those trading by use of non-discretionary mathematical formulas), financial intermediaries (who may make investment decisions on behalf of underlying clients and/or include a Fund in their investment model), individuals, accounts and Goldman Sachs affiliates, purchase or redeem large amounts of shares of a Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause a Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact a Fund's NAV and liquidity. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in a Fund's current expenses being allocated over a smaller asset base, leading to an increase in the Fund's expense ratio. Similarly, large Fund share purchases may adversely affect a Fund's performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would.

**Liquidity Risk** — A Fund may make investments that are illiquid or that may become less liquid in response to market developments or adverse investor perceptions. Illiquid investments may be more difficult to value. Liquidity risk may also refer to the risk that a Fund will not be able to pay redemption proceeds within the allowable time period or without significant dilution to remaining investors' interests because of unusual market conditions, an unusually high volume of redemption requests, or other reasons. To meet redemption requests, a Fund may be forced to sell investments at an unfavorable time and/or under unfavorable conditions. If a Fund is forced to sell securities at an unfavorable time and/or under unfavorable conditions, such sales may adversely affect Fund's NAV and dilute remaining investors' interests. Liquidity risk may be the result of, among other things, the reduced number and capacity of traditional market participants to make a market in fixed income securities or the lack of an active market. The potential for liquidity risk may be magnified by a rising interest rate environment or other circumstances where investor redemptions from fixed income funds may be higher than normal, potentially causing increased supply in the market due to selling activity. These risks may be more pronounced in connection with the Funds' investments in securities of issuers located in emerging market countries. Redemptions by large shareholders may have a negative impact on a Fund's liquidity.

**Loan-Related Investments Risk** — In addition to risks generally associated with debt investments (e.g., interest rate risk and default risk), loan-related investments such as loan participations and assignments are subject to other risks. Although a loan obligation may be fully collateralized at the time of acquisition, the collateral may decline in value, or become illiquid or less liquid, or lose all or substantially all of its value subsequent to investment. Many loan investments are subject to legal or contractual restrictions on resale and certain loan investments may be or become illiquid or less liquid and more difficult to value, particularly in the event of a downgrade of the loan or the borrower. There is less readily available, reliable information about most loan investments than is the case for many other types of securities. Substantial increases in interest rates may cause an increase in loan obligation defaults. With respect to loan participations, the Fund may not always have direct recourse against a borrower if the borrower fails to pay scheduled principal and/or interest; may be subject to greater delays, expenses and risks than if the Fund had purchased a direct obligation of the borrower; and may be regarded as the creditor of the agent lender (rather than the borrower), subjecting the Fund to the creditworthiness of that lender as well. Investors in loans, such as the Fund, may not be entitled to rely on the anti-fraud protections of the federal securities laws, although they may be entitled to certain contractual remedies. The market for loan obligations may be subject to irregular trading activity, wide bid/ask spreads and extended trade settlement periods. Because transactions in many loans are subject to extended trade settlement periods, the Fundmay not receive the proceeds from the sale of a loan for a period after the sale. As a result, sale proceeds related to the sale of loans may not be available to make additional investments or to meet the Fund's redemption obligations for a period after the sale of the loans, and, as a result, the Fund may have to sell other investments or engage in borrowing transactions, such as borrowing from its credit facility, if necessary to raise cash to meet its obligations.

------

*January 31, 2023 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

Senior Loans hold the most senior position in the capital structure of a business entity, and are typically secured with specific collateral, but are nevertheless usually rated below investment grade. Because Second Lien Loans are subordinated or unsecured and thus lower in priority of payment to Senior Loans, they are subject to the additional risk that the cash flow of the borrower and property securing the loan or debt, if any, may be insufficient to meet scheduled payments after giving effect to the senior secured obligations of the borrower. Second Lien Loans generally have greater price volatility than Senior Loans and may be less liquid.

**Market and Credit Risks** — In the normal course of business, a Fund trades financial instruments and enters into financial transactions where risk of potential loss exists due to changes in the market (market risk). The value of the securities in which a Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets. Events such as war, acts of terrorism, social unrest, natural disasters, the spread of infectious illness or other public health threats could also significantly impact a Fund and its investments. Additionally, a Fund may also be exposed to credit risk in the event that an issuer or guarantor fails to perform or that an institution or entity with which the Fund has unsettled or open transactions defaults.

**Master Limited Partnership Risk** — Investments in securities of MLPs involve risks that differ from investments in common stock, including risks related to limited control and limited rights to vote on matters affecting the MLP, risks related to potential conflicts of interest between the MLP and the MLP's general partner, cash flow risks, dilution risks, limited liquidity and risks related to the general partner's right to require unit-holders to sell their common units at an undesirable time or price.

**Short Position Risk** — A Fund may enter into a short position through a futures contract, an option or swap agreement or through short sales of any instrument that a Fund may purchase for investment. Taking short positions involves leverage of a Fund's assets and presents various risks, including counterparty risk. If the value of the underlying instrument or market in which a Fund has taken a short position increases, then the Fund will incur a loss equal to the increase in value from the time that the short position was entered into plus any related interest payments or other fees. Taking short positions involves the risk that losses may be disproportionate, may exceed the amount invested, and may be unlimited. To the extent that a Fund uses the proceeds it receives from a short position to take additional long positions, the risks associated with the short position, including leverage risks, may be heightened, because doing so increases the exposure of a Fund to the markets and therefore could magnify changes to a Fund's NAV.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** GOLDMAN SACHS TRUST

- **b. Investment Company Act file number:** 811-05349

- **c. CIK number of Registrant:** 0000822977

- **d. LEI of Registrant:** S2FHCT8U6D2VORP0J605

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

  - **Street Address 1:** 71  SOUTH WACKER DRIVE

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-655-4400

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

- **a. Name of Series:** Goldman Sachs Income Builder Fund

- **b. EDGAR series identifier (if any):** S000009342

- **c. LEI of Series:** J2WM8Q8H6QHKH0TBNJ23

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2402428052.48

**Total Liabilities:** $11882065.78

**Net Assets:** $2390545986.70

**Delayed Delivery Securities:** $1977116.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 105.85000000 | **1-Year:** 4572.20000000 | **5-Year:** 48299.73000000 | **10-Year:** 110148.28000000 | **30-Year:** 48278.60000000

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

- **3-Month:** 43.30000000 | **1-Year:** 26555.19000000 | **5-Year:** 221615.50000000 | **10-Year:** 90709.24000000 | **30-Year:** 22327.42000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161511 | 4.62%                | -1.89%               | 4.22%                |
| Class ID C000201720 | 4.66%                | -1.89%               | 4.22%                |
| Class ID C000025613 | 4.62%                | -1.89%               | 4.22%                |
| Class ID C000091959 | 4.63%                | -1.90%               | 4.18%                |
| Class ID C000025615 | 4.62%                | -1.93%               | 4.22%                |
| Class ID C000025617 | 4.56%                | -2.00%               | 4.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6725842.76              | $80459875.66                               |
| Month 2  | $-432832.41              | $-46574725.11                              |
| Month 3  | $-3103606.87             | $85112500.61                               |

**Designated Index Information**

- **Index Name:** Russell 1000 Value Index (60%) and ICE BofAML BB to B U.S. High Yield Constrained Index (40%)

- **Index Identifier:** CUGSINC0YD

### Schedule of Portfolio Investments

| Name                                           | Title                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNITED AIRLINES INC                            | United Airlines Inc                                                                                    | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1543620.00   | 0.06%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc                    | Honeywell International Inc                                                                            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     53017 | NS      | $11052984.16  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GREENKO SOLAR MAURITIUS                        | Greenko Solar Mauritius Ltd                                                                            | CUSIP: 000000000<br>LEI: 2138007S1PL541B3KP92 | Long             | DBT              | CORP              | MU        |    350000 | PA      | $325500.00    | 0.01%             | 2026-07-29      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                | IHS Holding Ltd                                                                                        | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    750000 | PA      | $628762.50    | 0.03%             | 2026-11-29      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Sigma Bidco B.V.                               | Sigma Bidco B.V. 2018 USD Term Loan B2                                                                 | CUSIP: 000000000<br>LEI: 254900U4MHW4MZWGFU47 | Long             | LON              | CORP              | US        |    820703 | PA      | $757779.81    | 0.03%             | 2025-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                | Cemex SAB de CV                                                                                        | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    460000 | PA      | $422050.00    | 0.02%             | 2026-06-08      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                        | INEOS Quattro Finance 2 Plc                                                                            | CUSIP: 45674GAA2<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    780000 | PA      | $715657.80    | 0.03%             | 2026-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                             | Herens Holdco Sarl                                                                                     | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |   1795000 | PA      | $1473730.90   | 0.06%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BOR ESC                       | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc                       | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3795000 | PA      | $3392540.25   | 0.14%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                              | Expedia Group Inc                                                                                      | CUSIP: 30212PAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1180114.40   | 0.05%             | 2025-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Trident TPI Holdings, Inc.                     | Trident TPI Holdings, Inc. 2021 Incremental Term Loan                                                  | CUSIP: 00216EAE9<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |   2074876 | PA      | $2033004.90   | 0.09%             | 2028-09-15      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| VERISURE MIDHOLDING AB                         | Verisure Midholding AB                                                                                 | CUSIP: 000000000<br>LEI: 549300496LYEZ55X1M49 | Long             | DBT              | CORP              | SE        |    800000 | PA      | $718319.35    | 0.03%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                                           | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3319000 | PA      | $2537209.55   | 0.11%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                            | Petroleos Mexicanos                                                                                    | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    210000 | PA      | $196444.50    | 0.01%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DEL PERU                        | Banco Internacional del Peru SAA Interbank                                                             | CUSIP: 000000000<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |    790000 | PA      | $727441.88    | 0.03%             | 2030-07-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE CO                               | Noble Finance Co                                                                                       | CUSIP: 65505JAA9<br>LEI: 5493003DTPH8AMMK4P51 | Long             | DBT              | CORP              | KY        |     55098 | PA      | $60021.56     | 0.00%             | 2028-02-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ANADOLU EFES BIR                               | Anadolu Efes Biracilik Ve Malt Sanayii AS                                                              | CUSIP: 000000000<br>LEI: 7890006LGARYVIPOJX03 | Long             | DBT              | CORP              | TR        |    950000 | PA      | $737437.50    | 0.03%             | 2028-06-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ATP TOW / AND TELECOM                          | ATP Tower Holdings LLC / Andean Tower Partners Colombia SAS / Andean Telecom Par                       | CUSIP: 00216DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    950000 | PA      | $854287.50    | 0.04%             | 2026-04-27      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                         | Lumen Technologies Inc                                                                                 | CUSIP: 156700AT3<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $1889292.30   | 0.08%             | 2042-03-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                                   | Comerica Inc                                                                                           | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983070.00    | 0.04%             | 2025-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                | Nordea Bank Abp                                                                                        | CUSIP: 65558R109<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |   1485552 | NS      | $17425524.96  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| RC Buyer, Inc.                                 | RC Buyer, Inc. 2021 Term Loan                                                                          | CUSIP: 74934KAC5<br>LEI: 549300ULXHJ9CR0QDU59 | Long             | LON              | CORP              | US        |   1906125 | PA      | $1773649.31   | 0.07%             | 2028-07-28      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| Shell PLC                                      | Shell PLC                                                                                              | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    290987 | NS      | $17112945.47  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                              | Cisco Systems Inc                                                                                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    286954 | NS      | $13966051.18  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                       | Avolon Holdings Funding Ltd                                                                            | CUSIP: 05401AAD3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   3450000 | PA      | $3409773.00   | 0.14%             | 2024-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                    | Long: BR219274  IRS EUR R V 06MEURIB 1 CCPVANILLA / Short: BR219274  IRS EUR P F  3.00000 2 CCPVANILLA | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    150000 | OU      | $-390.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                                              | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1832000 | PA      | $1660414.88   | 0.07%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                       | ION Trading Technologies Sarl                                                                          | CUSIP: 46205YAA9<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |   1868000 | PA      | $1599960.68   | 0.07%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MEITUAN                                        | Meituan                                                                                                | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |    480000 | PA      | $387324.00    | 0.02%             | 2030-10-28      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                            | Allegiant Travel Co                                                                                    | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1013275.35   | 0.04%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| L3Harris Technologies Inc                      | L3Harris Technologies Inc                                                                              | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     47766 | NS      | $10261092.12  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                                  | BlackRock Inc                                                                                          | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |     12478 | NS      | $9473422.38   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                       | Yapi ve Kredi Bankasi AS                                                                               | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    260000 | PA      | $270530.00    | 0.01%             | 2024-01-15      | Fixed         | 13.88%                | No            |                  2 | On Loan: No      |
| Allied Universal                               | Allied Universal Holdco LLC / Allied Universal Finance Corp                                            | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2557000 | PA      | $2462109.73   | 0.10%             | 2026-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                       | Constellation Brands Inc                                                                               | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   3975000 | PA      | $3276870.75   | 0.14%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Accenture PLC                                  | Accenture PLC                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     22337 | NS      | $6233139.85   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD INDUSTRIES INC                        | Standard Industries Inc/NJ                                                                             | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1611874.40   | 0.07%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                                           | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $918357.00    | 0.04%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                       | Air Products and Chemicals Inc                                                                         | CUSIP: 009158BA3<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |    200000 | PA      | $148928.00    | 0.01%             | 2050-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| TECHEM VERWALTUNGSGES                          | Techem Verwaltungsgesellschaft 674 mbH                                                                 | CUSIP: 000000000<br>LEI: 549300W2QKB8BC676O97 | Long             | DBT              | CORP              | DE        |    668190 | PA      | $693451.05    | 0.03%             | 2026-07-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                      | Pike Corp                                                                                              | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2136158.20   | 0.09%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                          | SS&C Technologies Inc                                                                                  | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    850000 | PA      | $817122.00    | 0.03%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FIDELITY & GUARANTY LIFE                       | Fidelity & Guaranty Life Holdings Inc                                                                  | CUSIP: 315786AC7<br>LEI: 549300WCR5QBFH98VZ75 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2845183.50   | 0.12%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                                                                    | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $885700.00    | 0.04%             | 2026-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                          | Trivium Packaging Finance BV                                                                           | CUSIP: 89686QAA4<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1075000 | PA      | $1032849.25   | 0.04%             | 2026-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARKO CORP                                      | Arko Corp                                                                                              | CUSIP: 041242AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1401822.30   | 0.06%             | 2029-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DNO ASA                                        | DNO ASA                                                                                                | CUSIP: 000000000<br>LEI: 5967007LIEEXZXH3K072 | Long             | DBT              | CORP              | NO        |   1430000 | PA      | $1362075.00   | 0.06%             | 2026-09-09      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                | LaserShip, Inc. 2021 Term Loan                                                                         | CUSIP: 51809EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2419375 | PA      | $1786563.28   | 0.07%             | 2028-05-07      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                | IHS Holding Ltd                                                                                        | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $163713.00    | 0.01%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                                       | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $1667124.20   | 0.07%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                       | Sunac China Holdings Ltd                                                                               | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    370000 | PA      | $105450.00    | 0.00%             | 2023-07-09      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AG TTMT ESCROW ISSUER                          | AG TTMT Escrow Issuer LLC                                                                              | CUSIP: 00840KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1057051.75   | 0.04%             | 2027-09-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                        | HCA Inc                                                                                                | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254112.50    | 0.01%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                | AdaptHealth LLC                                                                                        | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $582933.50    | 0.02%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Momentive Performance Materials Inc.           | Momentive Performance Materials Inc. Term Loan B                                                       | CUSIP: 60877JAB8<br>LEI: 54930021ZH8MCUXACZ50 | Long             | LON              | CORP              | US        |   4629891 | PA      | $4622668.75   | 0.19%             | 2024-05-15      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Travelport Finance (Luxembourg) S.a.r.l.       | Travelport Finance (Luxembourg) S.a.r.l. 2020 Super Priority Term Loan                                 | CUSIP: 000000000<br>LEI: 2221005SGFWYZHL40F77 | Long             | LON              | CORP              | LU        |         0 | PA      | $0.03         | 0.00%             | 2025-02-28      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                                           | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $478191.00    | 0.02%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                            | Kinetik Holdings LP                                                                                    | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3328796.90   | 0.14%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                  | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1995000 | PA      | $1950651.15   | 0.08%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                  | Rio Tinto PLC                                                                                          | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    172339 | NS      | $13675099.65  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                    | American Water Works Co Inc                                                                            | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     44805 | NS      | $7011534.45   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ITAU UNIBANCO HLDG SA/KY                       | Itau Unibanco Holding SA/Cayman Island                                                                 | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |    500000 | PA      | $486350.00    | 0.02%             | 2023-06-12      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| AppLovin Corporation                           | AppLovin Corporation 2018 Term Loan B                                                                  | CUSIP: 03835EAC8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | LON              | CORP              | US        |    832653 | PA      | $815134.02    | 0.03%             | 2025-08-15      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| Banff Merger Sub Inc                           | Banff Merger Sub Inc 2021 USD Term Loan                                                                | CUSIP: 05988HAE7<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   4279778 | PA      | $4200088.25   | 0.18%             | 2025-10-02      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                            | Dominion Energy Inc                                                                                    | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    106208 | NS      | $6759077.12   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                                           | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6580000 | PA      | $5142993.80   | 0.22%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                        | BPCE SA                                                                                                | CUSIP: 05583JAE2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   4150000 | PA      | $3988648.00   | 0.17%             | 2028-09-12      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                                                      | CUSIP: 29379VAN3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $888310.00    | 0.04%             | 2067-06-01      | Variable      | 7.54%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                              | Johnson & Johnson                                                                                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    133498 | NS      | $21816243.16  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD CHARTERED PLC                         | Standard Chartered PLC                                                                                 | CUSIP: 853254CQ1<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    520000 | PA      | $532443.60    | 0.02%             | 2027-01-09      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Samarco Mineracao SA                           | Samarco Mineracao SA                                                                                   | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $149575.00    | 0.01%             | 2022-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd                            | Macquarie Group Ltd                                                                                    | CUSIP: 55608JAK4<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   3650000 | PA      | $3427131.00   | 0.14%             | 2028-11-28      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| MASONITE INTERNATIONAL C                       | Masonite International Corp                                                                            | CUSIP: 575385AD1<br>LEI: 549300H0H07ZFT4JYM32 | Long             | DBT              | CORP              | CA        |   2075000 | PA      | $1946121.75   | 0.08%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp                                | McDonald's Corp                                                                                        | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     44974 | NS      | $12026047.60  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HAWAIIAN BRAND INTELLECT                       | Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd                                   | CUSIP: 41984LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2155000 | PA      | $2059727.45   | 0.09%             | 2026-01-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EASTERN & SOUTHERN AFRIC                       | Eastern & Southern African Trade & Development Bank/The                                                | CUSIP: 000000000<br>LEI: 2138004HC83AB2ENIZ64 | Long             | DBT              | NUSS              | XX        |    520000 | PA      | $446503.20    | 0.02%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LIMAK ISKENDERUN                               | Limak Iskenderun Uluslararasi Liman Isletmeciligi AS                                                   | CUSIP: 53263TAA5<br>LEI: 5299001DUZ9PI7TCRC47 | Long             | DBT              | CORP              | TR        |    899721 | PA      | $782756.91    | 0.03%             | 2036-07-10      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| RAYONIER AM PROD INC                           | Rayonier AM Products Inc                                                                               | CUSIP: 75508EAB4<br>LEI: 549300ZGRDDK1QM6MM16 | Long             | DBT              | CORP              | US        |    281000 | PA      | $262066.22    | 0.01%             | 2026-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group Inc/The                                                                   | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3005640.00   | 0.13%             | 2027-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| NetApp Inc                                     | NetApp Inc                                                                                             | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     43262 | NS      | $2865242.26   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspect Software, Inc.                          | Aspect Class B Warrants                                                                                | CUSIP: 000000000<br>LEI: 549300DDK3ZCQPZWVP70 | N/A              | DE               |  | US        |    194739 | NS      | $1947.39      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LCH Limited                                    | Long: SR219262  IRS USD R F  4.00000 2 CCPOIS / Short: SR219262  IRS USD P V 00MSOFR 1 CCPOIS          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  95300000 | OU      | $2854854.45   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | TENET HEALTHCARE CORP                                                                                  | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1955000.00   | 0.08%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                       | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL                       | CUSIP: 11284DAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |    600000 | PA      | $565752.00    | 0.02%             | 2026-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                        | Sasol Financing USA LLC                                                                                | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    510000 | PA      | $443649.00    | 0.02%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup Inc                                                                                          | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $864765.00    | 0.04%             | 2031-03-31      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                           | Bank of America Corp                                                                                   | CUSIP: 060505EN0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4011200.00   | 0.17%             | 2025-03-17      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                         | UnitedHealth Group Inc                                                                                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     19995 | NS      | $9981304.05   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA INC                                      | TEGNA Inc                                                                                              | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2160091.00   | 0.09%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                        | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                                        | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1250784.50   | 0.05%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| METIS MERGER SUB LLC                           | Metis Merger Sub LLC                                                                                   | CUSIP: 59155LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    717000 | PA      | $611256.84    | 0.03%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                           | Dycom Industries Inc                                                                                   | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |   2764000 | PA      | $2472038.68   | 0.10%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital                        | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12226080.00  | 0.51%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                                                  | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   1893000 | PA      | $1587848.40   | 0.07%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                            | Prestige Brands Inc                                                                                    | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1573800.55   | 0.07%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp           | International Business Machines Corp                                                                   | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     70901 | NS      | $9552491.73   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AXALTA COATING SYSTEMS                         | Axalta Coating Systems LLC                                                                             | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $2665318.00   | 0.11%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                       | Sunac China Holdings Ltd                                                                               | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $57000.00     | 0.00%             | 2024-08-03      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ESC CB144A INTELSAT JA                         | ESC CB144A INTELSAT JA                                                                                 | CUSIP: 458ESCAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3000000 | PA      | $0.00         | 0.00%             | 2024-10-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| TRIVIUM PACKAGING FIN                          | Trivium Packaging Finance BV                                                                           | CUSIP: 89686QAB2<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1300000 | PA      | $1251237.00   | 0.05%             | 2027-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU                       | Specialty Building Products Holdings LLC / SBP Finance Corp                                            | CUSIP: 84749AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3446000 | PA      | $3103364.22   | 0.13%             | 2026-09-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                       | Occidental Petroleum Corp                                                                              | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2709502.50   | 0.11%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Energuate Trust                                | Energuate Trust                                                                                        | CUSIP: 29277RAA3<br>LEI: 549300RVM37LH8GY7E41 | Long             | DBT              | CORP              | KY        |    470000 | PA      | $448203.75    | 0.02%             | 2027-05-03      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MHP SE                                         | MHP SE                                                                                                 | CUSIP: 55302TAD7<br>LEI: 213800D7DXFXGA292757 | Long             | DBT              | CORP              | CY        |    550000 | PA      | $273728.13    | 0.01%             | 2024-05-10      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                          | Vale Overseas Ltd                                                                                      | CUSIP: 91911TAQ6<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    460000 | PA      | $409538.00    | 0.02%             | 2030-07-08      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MTN MAURITIUS INVSTMENTS                       | MTN Mauritius Investments Ltd                                                                          | CUSIP: 000000000<br>LEI: 2549009PQD415OQIR074 | Long             | DBT              | CORP              | MU        |    420000 | PA      | $425328.75    | 0.02%             | 2026-10-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                                           | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1856000 | PA      | $1440812.80   | 0.06%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                             | Tokyo Electron Ltd                                                                                     | CUSIP: 889110102<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |    108282 | NS      | $9447604.50   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Health Sciences, Inc.                      | PRA Health Sciences, Inc. US Term Loan                                                                 | CUSIP: 000000000<br>LEI: 549300R1HR1VWWHIAK47 | Long             | LON              | CORP              | US        |    189927 | PA      | $189856.57    | 0.01%             | 2028-07-03      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                        | Studio City Finance Ltd                                                                                | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $185500.00    | 0.01%             | 2025-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                | AdaptHealth LLC                                                                                        | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1020000 | PA      | $908595.60    | 0.04%             | 2030-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                            | Altice Financing SA                                                                                    | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   2975000 | PA      | $2608602.24   | 0.11%             | 2029-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Noble Corp PLC                                 | Noble Corp PLC                                                                                         | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | N/A              | DE               |  | GB        |      2644 | NS      | $65439.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                       | Ford Motor Credit Co LLC                                                                               | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1480772.40   | 0.06%             | 2027-11-02      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Minejesa Capital BV                            | Minejesa Capital BV                                                                                    | CUSIP: 000000000<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    260000 | PA      | $240240.00    | 0.01%             | 2030-08-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                             | NextEra Energy Inc                                                                                     | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183122 | NS      | $13666394.86  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AFRICAN EXPORT-IMPORT BA                       | African Export-Import Bank/The                                                                         | CUSIP: 000000000<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | XX        |    670000 | PA      | $593452.50    | 0.02%             | 2029-09-21      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| IAA Inc                                        | IAA Inc                                                                                                | CUSIP: 449253AB9<br>LEI: 549300PZCOPC5178W747 | Long             | DBT              | CORP              | US        |    750000 | PA      | $752572.50    | 0.03%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE C0-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                                                    | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2390000 | PA      | $1894887.60   | 0.08%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                         | NXP BV / NXP Funding LLC / NXP USA Inc                                                                 | CUSIP: 62954HBE7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    975000 | PA      | $958649.25    | 0.04%             | 2027-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MARKEL CORP                                    | Markel Corp                                                                                            | CUSIP: 570535AW4<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1490505.00   | 0.06%             | 2025-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                   | ING Groep NV                                                                                           | CUSIP: 456837AF0<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $2913420.00   | 0.12%             | 2025-04-16      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIFRAX ESCROW ISS CORP                        | ASP Unifrax Holdings Inc                                                                               | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    775000 | PA      | $661873.25    | 0.03%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                              | General Mills Inc                                                                                      | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |    101122 | NS      | $7923919.92   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eskom Holdings SOC Ltd                         | Eskom Holdings SOC Ltd                                                                                 | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    220000 | PA      | $210375.00    | 0.01%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| CQP Holdco LP                                  | CQP Holdco LP 2021 Term Loan B                                                                         | CUSIP: 12657QAB9<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |   3299874 | PA      | $3303173.94   | 0.14%             | 2028-06-05      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA                           | Sitios Latinoamerica SAB de CV                                                                         | CUSIP: 03217KAB4<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    770000 | PA      | $715137.50    | 0.03%             | 2032-04-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CREDIT BANK OF MOSCOW (C                       | Credit Bank of Moscow Via CBOM Finance PLC                                                             | CUSIP: 12504PAH3<br>LEI: 635400Y22HQLUDCVZX38 | Long             | DBT              | CORP              | IE        |    260000 | PA      | $68493.75     | 0.00%             | 2025-01-29      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| EQT Corp                                       | EQT Corp                                                                                               | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    460000 | PA      | $436231.80    | 0.02%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                            | Xerox Holdings Corp                                                                                    | CUSIP: 98421MAA4<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $986467.20    | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESC GCB INTELSAT JACKS                         | ESC GCB INTELSAT JACKS                                                                                 | CUSIP: 458ESCAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    708000 | PA      | $0.00         | 0.00%             | 2023-08-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| ALTICE FINANCING SA                            | Altice Financing SA                                                                                    | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   1848000 | PA      | $1571040.24   | 0.07%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spectrum Brands Inc                            | Spectrum Brands Inc                                                                                    | CUSIP: 84762LAU9<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |    108000 | PA      | $107186.76    | 0.00%             | 2025-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                         | BBVA Bancomer SA/Texas                                                                                 | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    530000 | PA      | $501115.00    | 0.02%             | 2033-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                       | CQP Holdco LP / BIP-V Chinook Holdco LLC                                                               | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4130000 | PA      | $3764247.20   | 0.16%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                    | Ivory Coast Government International Bond                                                              | CUSIP: 221625AM8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    450000 | PA      | $435375.00    | 0.02%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                           | Freeport-McMoRan Inc                                                                                   | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1993820.00   | 0.08%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CAP SA                                         | CAP SA                                                                                                 | CUSIP: 13911YAA4<br>LEI: 54930079GPG23NTBB003 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $164250.00    | 0.01%             | 2031-04-27      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                                          | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    266000 | PA      | $240570.40    | 0.01%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                         | Acrisure LLC / Acrisure Finance Inc                                                                    | CUSIP: 00489LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1557285.00   | 0.07%             | 2026-08-01      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                                                     | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2131689.00   | 0.09%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chamberlain Group Inc                          | Chamberlain Group Inc Term Loan B                                                                      | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |   4380750 | PA      | $4223787.73   | 0.18%             | 2028-11-03      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| SHAMARAN PETROLEUM CORP                        | ShaMaran Petroleum Corp                                                                                | CUSIP: 000000000<br>LEI: 529900227RVB89NZH924 | Long             | DBT              | CORP              | CA        |    870000 | PA      | $828131.25    | 0.03%             | 2025-07-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                       | Banco Mercantil del Norte SA/Grand Cayman                                                              | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    690000 | PA      | $674388.75    | 0.03%             | 2024-09-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                                           | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    910000 | PA      | $931658.00    | 0.04%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Air Products and Chemicals Inc                 | Air Products and Chemicals Inc                                                                         | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     33724 | NS      | $10808879.24  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                                         | CUSIP: 61762VAA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2501650.00   | 0.10%             | 2026-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                                | Hillenbrand Inc                                                                                        | CUSIP: 431571AE8<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |   1349000 | PA      | $1136896.73   | 0.05%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                                                  | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5743000 | PA      | $5005254.22   | 0.21%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ventas Inc                                     | Ventas Inc                                                                                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |    197282 | NS      | $10221180.42  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWNSQUARE MEDIA INC                           | Townsquare Media Inc                                                                                   | CUSIP: 892231AB7<br>LEI: 549300XBA8C68H0DR538 | Long             | DBT              | CORP              | US        |   2038000 | PA      | $1910930.70   | 0.08%             | 2026-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NBK TIER 1 FINANCING 2                         | NBK Tier 1 Financing 2 Ltd                                                                             | CUSIP: 000000000<br>LEI: 549300HMWSJFNREWT164 | Long             | DBT              | CORP              | AE        |    790000 | PA      | $741266.88    | 0.03%             | 2025-08-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TIGER HOLDCO PTE LTD                           | Tiger Holdco Pte Ltd                                                                                   | CUSIP: 000000000<br>LEI: 9845003DRSBC69D06X98 | Long             | DBT              | CORP              | SG        |    212334 | PA      | $210874.20    | 0.01%             | 2023-06-10      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                             | VICI Properties LP                                                                                     | CUSIP: 925650AB9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |   2480000 | PA      | $2412965.60   | 0.10%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                               | Allied Universal Holdco LLC / Allied Universal Finance Corp                                            | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1366545.00   | 0.06%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                          | Nabors Industries Inc                                                                                  | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   4795000 | PA      | $4801233.50   | 0.20%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| First Brands Group, LLC                        | First Brands Group, LLC 2021 Term Loan                                                                 | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3300353 | PA      | $3222794.49   | 0.13%             | 2027-03-30      | Variable      | 10.25%                | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                | Nigeria Government International Bond                                                                  | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    690000 | PA      | $565800.00    | 0.02%             | 2027-11-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                                                                        | CUSIP: 37045XCS3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1992083.75   | 0.08%             | 2029-01-17      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Getty Images, Inc.                             | Getty Images, Inc. 2019 USD Term Loan B                                                                | CUSIP: 37427UAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2755158 | PA      | $2755157.61   | 0.12%             | 2026-02-19      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                                           | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3723000 | PA      | $3473372.85   | 0.15%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp                                | Sealed Air Corp                                                                                        | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   1843000 | PA      | $1916756.86   | 0.08%             | 2033-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                       | Banco Mercantil del Norte SA/Grand Cayman                                                              | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    340000 | PA      | $313501.25    | 0.01%             | 2027-01-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fiserv Investment Solutions, Inc.              | Fiserv Investment Solutions, Inc. 2020 Term Loan B                                                     | CUSIP: 33774UAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    633750 | PA      | $621600.94    | 0.03%             | 2027-02-18      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| Syndigo LLC                                    | Syndigo LLC 2020 Term Loan                                                                             | CUSIP: 87167XAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2038688 | PA      | $1850108.91   | 0.08%             | 2027-12-15      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| CATALENT PHARMA SOLUTION                       | Catalent Pharma Solutions Inc                                                                          | CUSIP: 14879EAH1<br>LEI: 549300HALRZ339MSTH85 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $833908.80    | 0.03%             | 2029-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CIBANCO SA INS DE BANCA                        | CIBANCO SA Institucion de Banca Multiple Trust CIB/3332                                                | CUSIP: 171653AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    390000 | PA      | $297375.00    | 0.01%             | 2031-07-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENDEAVOR MINING PLC                            | Endeavour Mining PLC                                                                                   | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $176725.00    | 0.01%             | 2026-10-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                             | Panama Government International Bond                                                                   | CUSIP: 698299BB9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    930000 | PA      | $700871.25    | 0.03%             | 2053-04-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                                       | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   3555000 | PA      | $3616608.15   | 0.15%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                       | Banco do Brasil SA/Cayman                                                                              | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    670000 | PA      | $606350.00    | 0.03%             | 2024-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AZUL INVESTMENTS LLP                           | Azul Investments LLP                                                                                   | CUSIP: 000000000<br>LEI: 549300C6XNC8IDH04C74 | Long             | DBT              | CORP              | US        |   1052000 | PA      | $791498.50    | 0.03%             | 2024-10-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GCC SAB DE CV                                  | GCC SAB de CV                                                                                          | CUSIP: 36165RAC9<br>LEI: 254900WY9XL8033CKX68 | Long             | DBT              | CORP              | MX        |    860000 | PA      | $728205.00    | 0.03%             | 2032-04-20      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW INC                             | Scripps Escrow Inc                                                                                     | CUSIP: 81104PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $937839.00    | 0.04%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SEPLAT ENERGY PL                               | SEPLAT Energy PLC                                                                                      | CUSIP: 81733LAB3<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |    630000 | PA      | $546840.00    | 0.02%             | 2026-04-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                         | Mexico City Airport Trust                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    580000 | PA      | $467364.00    | 0.02%             | 2047-07-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                              | EOG Resources Inc                                                                                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     41326 | NS      | $5465363.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VALVOLINE INC                                  | Valvoline Inc                                                                                          | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |    885000 | PA      | $744400.05    | 0.03%             | 2031-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Cumulus Media New Holdings Inc.                | Cumulus Media New Holdings Inc. Term Loan B                                                            | CUSIP: 23108LAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | LON              | CORP              | US        |    602528 | PA      | $574787.23    | 0.02%             | 2026-03-31      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                            | Sirius XM Radio Inc                                                                                    | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $1859482.80   | 0.08%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                  | Citigroup Inc                                                                                          | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1899185.40   | 0.08%             | 2026-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                                                          | CUSIP: 097023CA1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1736887.50   | 0.07%             | 2028-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                               | APi Group DE Inc                                                                                       | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    575000 | PA      | $517063.00    | 0.02%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRIGHT PATTERN HOLDCO                          | BRIGHT PATTERN HOLDCO                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194739 | NS      | $1947.39      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                                            | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    809000 | PA      | $698773.75    | 0.03%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                           | Lorca Telecom Bondco SA                                                                                | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |   1525000 | PA      | $1521243.19   | 0.06%             | 2027-09-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                                          | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    315000 | PA      | $284353.65    | 0.01%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                                           | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4485000 | PA      | $4043227.50   | 0.17%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Regency Centers Corp                           | Regency Centers Corp                                                                                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |     49911 | NS      | $3325569.93   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                    | Reckitt Benckiser Group PLC                                                                            | CUSIP: 756255204<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |    575602 | NS      | $8311692.88   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| CIFI HOLDINGS GROUP                            | CIFI Holdings Group Co Ltd                                                                             | CUSIP: 000000000<br>LEI: 549300WGKSV867C0JF48 | Long             | DBT              | CORP              | KY        |    260000 | PA      | $79755.00     | 0.00%             | 2028-05-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                               | Guara Norte Sarl                                                                                       | CUSIP: 000000000<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | LU        |    865042 | PA      | $781240.60    | 0.03%             | 2034-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TerraForm Power Operating, LLC                 | TerraForm Power Operating, LLC 2022 Term Loan B                                                        | CUSIP: 88103NAK6<br>LEI: 5493000S2OLR3UT5BE13 | Long             | LON              | CORP              | US        |   2139250 | PA      | $2136575.94   | 0.09%             | 2029-05-21      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                         | Oman Government International Bond                                                                     | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    280000 | PA      | $281190.00    | 0.01%             | 2028-01-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MHP LUX SA                                     | MHP Lux SA                                                                                             | CUSIP: 000000000<br>LEI: 222100RHC7R1WZ1J3M44 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $94125.00     | 0.00%             | 2029-09-19      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Linde PLC                                      | Linde PLC                                                                                              | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |     36771 | NS      | $12168994.74  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG ENERGY CORP                                | MEG Energy Corp                                                                                        | CUSIP: 552704AF5<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |   1250000 | PA      | $1199137.50   | 0.05%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Chubb Ltd                                      | Chubb Ltd                                                                                              | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     54862 | NS      | $12480556.38  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprint Capital Corp                            | Sprint Capital Corp                                                                                    | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1419882.00   | 0.06%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc                              | Omnicom Group Inc                                                                                      | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     65985 | NS      | $5674050.15   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AEROPUERTOS DOMINICANOS                        | Aeropuertos Dominicanos Siglo XXI SA                                                                   | CUSIP: 000000000<br>LEI: 254900KJA5MXNPYB4W32 | Long             | DBT              | CORP              | DO        |   1630000 | PA      | $1608606.25   | 0.07%             | 2029-03-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vaco Holdings, LLC                             | Vaco Holdings, LLC 2022 Term Loan                                                                      | CUSIP: 91865FAJ8<br>LEI: 54930076HTNXBP03T379 | Long             | LON              | CORP              | US        |   1262250 | PA      | $1238052.67   | 0.05%             | 2029-01-21      | Variable      | 9.73%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                       | BroadStreet Partners Inc                                                                               | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2595373.20   | 0.11%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SAGICOR FINANCIAL CO                           | Sagicor Financial Co Ltd                                                                               | CUSIP: 78669QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    790000 | PA      | $763535.00    | 0.03%             | 2028-05-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                         | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL                              | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    680000 | PA      | $648747.20    | 0.03%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                         | US ULTRA BOND CBT MAR23                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       557 | NC      | $3913065.99   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                | Xcel Energy Inc                                                                                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     86740 | NS      | $5965109.80   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| iHeartCommunications Inc                       | iHeartCommunications Inc                                                                               | CUSIP: 45174HBD8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   4605000 | PA      | $4128336.45   | 0.17%             | 2027-05-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                         | NXP BV / NXP Funding LLC / NXP USA Inc                                                                 | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    982000 | PA      | $879734.52    | 0.04%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| GRUPO AVAL LTD                                 | Grupo Aval Ltd                                                                                         | CUSIP: 000000000<br>LEI: 549300J4FW1ELLQ80113 | Long             | DBT              | CORP              | KY        |    900000 | PA      | $741330.00    | 0.03%             | 2030-02-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RED SUN PROPERTIES GRP                         | Redsun Properties Group Ltd                                                                            | CUSIP: 000000000<br>LEI: 549300TYWIIKAOK07L47 | Long             | DBT              | CORP              | KY        |    230000 | PA      | $43240.00     | 0.00%             | 2025-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                            | Medline Borrower LP                                                                                    | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   3270000 | PA      | $2797942.80   | 0.12%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Icebox Holdco III, Inc.                        | Icebox Holdco III, Inc. 2021 2nd Lien Term Loan                                                        | CUSIP: 45114NAF4<br>LEI: 254900DLB65AKI8CQ466 | Long             | LON              | CORP              | US        |    625000 | PA      | $553125.00    | 0.02%             | 2029-12-21      | Floating      | 11.48%                | No            |                  2 | On Loan: No      |
| TEMPUR SEALY INTL INC                          | Tempur Sealy International Inc                                                                         | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1249814.40   | 0.05%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                   | Comcast Corp                                                                                           | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    153313 | NS      | $6032866.55   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceridian HCM Holding Inc.                      | Ceridian HCM Holding Inc. 2018 Term Loan B                                                             | CUSIP: 15677GAF1<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |   2872500 | PA      | $2855983.13   | 0.12%             | 2025-04-30      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                       | Avolon Holdings Funding Ltd                                                                            | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1300000 | PA      | $1172509.00   | 0.05%             | 2027-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                           | Kraft Heinz Foods Co                                                                                   | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   2592000 | PA      | $2264967.36   | 0.09%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                           | Garda World Security Corp                                                                              | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $911772.00    | 0.04%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                         | Aviation Capital Group LLC                                                                             | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    800000 | PA      | $711216.00    | 0.03%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                            | Petroleos Mexicanos                                                                                    | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    560000 | PA      | $527674.00    | 0.02%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| General Motors Co                              | General Motors Co                                                                                      | CUSIP: 37045VAK6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3139710.00   | 0.13%             | 2036-04-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| AERCAP HOLDINGS NV                             | AerCap Holdings NV                                                                                     | CUSIP: 00774YAA7<br>LEI: 549300SZYINBBLJQU475 | Long             | DBT              | CORP              | NL        |   1825000 | PA      | $1745959.25   | 0.07%             | 2079-10-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL                               | Midcap Financial Issuer Trust                                                                          | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $653710.50    | 0.03%             | 2030-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LABL, Inc.                                     | LABL, Inc. 2021 USD 1st Lien Term Loan                                                                 | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |   1881000 | PA      | $1831962.33   | 0.08%             | 2028-10-29      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP/CO-ISSUER                        | Realogy Group LLC / Realogy Co-Issuer Corp                                                             | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2080000 | PA      | $1631760.00   | 0.07%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Nokia of America Corp                          | Nokia of America Corp                                                                                  | CUSIP: 549463AE7<br>LEI: 529900BF8WCYOHYGIJ13 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2866680.00   | 0.12%             | 2029-03-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                  | IOP011806 EQO. SPX USD                                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DE               |  | US        |    -19979 | NC      | $-1515227.34  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                         | Williams Cos Inc/The                                                                                   | CUSIP: 969457BB5<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7945070.00   | 0.33%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Anticimex International AB                     | Anticimex International AB 2021 USD Incremental Term Loan                                              | CUSIP: 000000000<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |   2958329 | PA      | $2930609.86   | 0.12%             | 2028-11-16      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| GENEL ENERGY FIN IV                            | Genel Energy Finance 4 PLC                                                                             | CUSIP: 000000000<br>LEI: 213800H4JDISDH7KBK45 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $191500.00    | 0.01%             | 2025-10-14      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corporation                    | Epicor Software Corporation 2020 2nd Lien Term Loan                                                    | CUSIP: 29426NAQ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   1275000 | PA      | $1269951.00   | 0.05%             | 2028-07-31      | Floating      | 12.32%                | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                                           | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2069000 | PA      | $1714849.27   | 0.07%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                            | Buckeye Partners LP                                                                                    | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   4636000 | PA      | $4253947.24   | 0.18%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                          | Melco Resorts Finance Ltd                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    630000 | PA      | $571449.38    | 0.02%             | 2027-07-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Unilever PLC                                   | Unilever PLC                                                                                           | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    189776 | NS      | $9697553.60   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CIKARANG LISTRINDO PT                          | Cikarang Listrindo Tbk PT                                                                              | CUSIP: 000000000<br>LEI: 254900NPCIO562Z7FN53 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $189037.50    | 0.01%             | 2026-09-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                                        | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6970000 | PA      | $6318862.60   | 0.26%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Saka Energi Indonesia PT                       | Saka Energi Indonesia PT                                                                               | CUSIP: 000000000<br>LEI: 25490049636XFM5KBR83 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $193750.00    | 0.01%             | 2024-05-05      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                          | Truist Financial Corp                                                                                  | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    225255 | NS      | $11125344.45  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | US 10YR ULTRA FUT MAR23                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -289 | NC      | $-566951.21   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                          | Scotts Miracle-Gro Co/The                                                                              | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   3702000 | PA      | $3006468.24   | 0.13%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                               | ITT Holdings LLC                                                                                       | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   3380000 | PA      | $2938369.20   | 0.12%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc                          | Texas Instruments Inc                                                                                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     39005 | NS      | $6912076.05   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                       | Cheplapharm Arzneimittel GmbH                                                                          | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |   1268000 | PA      | $1130028.92   | 0.05%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                                                     | CUSIP: 05971KAL3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3600000 | PA      | $2897820.00   | 0.12%             | 2032-11-22      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                    | Oracle Corp                                                                                            | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1034262.65   | 0.04%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                          | Directv Financing LLC / Directv Financing Co-Obligor Inc                                               | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5980000 | PA      | $5416444.80   | 0.23%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                                             | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   7070000 | PA      | $5496147.30   | 0.23%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Transocean Poseidon Ltd                        | Transocean Poseidon Ltd                                                                                | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    910875 | PA      | $904344.03    | 0.04%             | 2027-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OTP BANK NYRT                                  | OTP Bank Nyrt                                                                                          | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    780000 | PA      | $842024.45    | 0.04%             | 2025-07-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                          | Uber Technologies Inc                                                                                  | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   4090000 | PA      | $3647216.60   | 0.15%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                    | Avient Corp                                                                                            | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1745268.75   | 0.07%             | 2030-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| National Grid PLC                              | National Grid PLC                                                                                      | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    115385 | NS      | $7358101.45   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| First Brands Group, LLC                        | First Brands Group, LLC 2021 2nd Lien Term Loan                                                        | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2900000 | PA      | $2608202.00   | 0.11%             | 2028-03-30      | Floating      | 13.60%                | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                       | Minerals Technologies Inc                                                                              | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1550111.40   | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED BANK FOR AFRICA P                       | United Bank for Africa PLC                                                                             | CUSIP: 000000000<br>LEI: 0292002067E3RH4D8768 | Long             | DBT              | CORP              | NG        |    200000 | PA      | $177912.50    | 0.01%             | 2026-11-19      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INTELSAT EMERGENCE SA                          | INTELSAT EMERGENCE SA                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |     35606 | NS      | $815982.70    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings Inc                                                                               | CUSIP: 55903VAL7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   4775000 | PA      | $4246503.00   | 0.18%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| TRANSATLANTIC HOLDINGS                         | Transatlantic Holdings Inc                                                                             | CUSIP: 893521AB0<br>LEI: RN37QJVS1BV19MNIC295 | Long             | DBT              | CORP              | US        |     75000 | PA      | $98373.75     | 0.00%             | 2039-11-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                         | Nationstar Mortgage Holdings Inc                                                                       | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2651000 | PA      | $2315966.62   | 0.10%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BBVA BANCO CONTINENTAL                         | Banco BBVA Peru SA                                                                                     | CUSIP: 000000000<br>LEI: 549300H1JNU0HLNFU552 | Long             | DBT              | CORP              | PE        |    190000 | PA      | $184276.25    | 0.01%             | 2029-09-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INTL AIRPORT FINANCE SA                        | International Airport Finance SA                                                                       | CUSIP: 000000000<br>LEI: 959800M9M5LP0KXUP789 | Long             | DBT              | CORP              | ES        |    665020 | PA      | $663540.94    | 0.03%             | 2033-03-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                       | United Wholesale Mortgage LLC                                                                          | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   3195000 | PA      | $2747891.70   | 0.11%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                       | Ford Motor Credit Co LLC                                                                               | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3111000 | PA      | $2985968.91   | 0.12%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                       | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                                                 | CUSIP: 03969AAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   3295000 | PA      | $2716332.10   | 0.11%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                                                  | CUSIP: 89832QAE9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990200.00    | 0.04%             | 2025-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Zimmer Biomet Holdings Inc                     | Zimmer Biomet Holdings Inc                                                                             | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     50203 | NS      | $6392850.02   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | US 10YR NOTE (CBT)MAR23                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -531 | NC      | $-830981.33   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                       | EQT Corp                                                                                               | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1915000 | PA      | $1676697.40   | 0.07%             | 2031-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Archer-Daniels-Midland Co                      | Archer-Daniels-Midland Co                                                                              | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     73013 | NS      | $6049127.05   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                                           | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    650000 | PA      | $449312.50    | 0.02%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp.                     | Gainwell Acquisition Corp. Term Loan B                                                                 | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6272000 | PA      | $6114698.24   | 0.26%             | 2027-10-01      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                               | Hewlett Packard Enterprise Co                                                                          | CUSIP: 42824CAX7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   2730000 | PA      | $2952522.30   | 0.12%             | 2035-10-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                       | Hertz Corporation, (The) 2021 Term Loan B                                                              | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |   2652168 | PA      | $2638297.45   | 0.11%             | 2028-06-30      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Icebox Holdco III, Inc.                        | Icebox Holdco III, Inc. 2021 1st Lien Term Loan                                                        | CUSIP: 45114NAB3<br>LEI: 254900DLB65AKI8CQ466 | Long             | LON              | CORP              | US        |   2210220 | PA      | $2121810.85   | 0.09%             | 2028-12-22      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                         | Credit Suisse Group AG                                                                                 | CUSIP: 22546DAB2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   1702000 | PA      | $1610074.98   | 0.07%             | 2023-12-11      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                                  | Coherent Corp                                                                                          | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1120005.25   | 0.05%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                           | Paraguay Government International Bond                                                                 | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    820000 | PA      | $729953.75    | 0.03%             | 2050-03-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                               | Berry Global Inc                                                                                       | CUSIP: 08576PAA9<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1308000 | PA      | $1270107.24   | 0.05%             | 2026-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                              | Expedia Group Inc                                                                                      | CUSIP: 30212PAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3425000 | PA      | $3011225.75   | 0.13%             | 2030-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TENGIZCHEVROIL FIN CO IN                       | Tengizchevroil Finance Co International Ltd                                                            | CUSIP: 000000000<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | CORP              | BM        |    830000 | PA      | $742850.00    | 0.03%             | 2025-08-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                        | Procter & Gamble Co/The                                                                                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     56840 | NS      | $8092879.20   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEN MEDIA LLC/CO-ISSR                        | Allen Media LLC / Allen Media Co-Issuer Inc                                                            | CUSIP: 01771YAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1575000 | PA      | $646994.25    | 0.03%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| URBAN ONE INC                                  | Urban One Inc                                                                                          | CUSIP: 91705JAC9<br>LEI: 549300PLGIGPBRQUP240 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3521388.00   | 0.15%             | 2028-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                    | Long: SR219268  IRS USD R F  3.75000 2 CCPOIS / Short: SR219268  IRS USD P V 00MSOFR 1 CCPOIS          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    960000 | OU      | $85996.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Verscend Holding Corp.                         | Verscend Holding Corp. 2021 Term Loan B                                                                | CUSIP: 92531HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1344403 | PA      | $1340558.44   | 0.06%             | 2025-08-27      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CON                       | Uzbek Industrial and Construction Bank ATB                                                             | CUSIP: 000000000<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |    600000 | PA      | $578250.00    | 0.02%             | 2024-12-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                       | Sabine Pass Liquefaction LLC                                                                           | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2204725.25   | 0.09%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                | Gen Digital Inc                                                                                        | CUSIP: 871503AU2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3922080.00   | 0.16%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                          | Scripps Escrow II Inc                                                                                  | CUSIP: 81105DAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1052652.15   | 0.04%             | 2031-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                            | Benin Government International Bond                                                                    | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |    350000 | PA      | $299645.81    | 0.01%             | 2032-01-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                        | Iron Mountain Information Management Services Inc                                                      | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |   2395000 | PA      | $2078596.55   | 0.09%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                              | EURO STOXX BANK MAR23                                                                                  | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |      1365 | NC      | $1337330.08   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                       | California Resources Corp                                                                              | CUSIP: 13057QAH0<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $2077824.70   | 0.09%             | 2026-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                                                    | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2305000 | PA      | $2056060.00   | 0.09%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                 | Transocean Inc                                                                                         | CUSIP: 893830BQ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |   4448000 | PA      | $4644512.64   | 0.19%             | 2027-01-30      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| CABLE ONDA SA                                  | Telecomunicaciones Digitales SA                                                                        | CUSIP: 000000000<br>LEI: 5299008Q5GONPYNF9J32 | Long             | DBT              | CORP              | PA        |    450000 | PA      | $396281.25    | 0.02%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                        | Romanian Government International Bond                                                                 | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1030000 | PA      | $733875.00    | 0.03%             | 2051-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTERCORP FIN SER INC                          | Intercorp Financial Services Inc                                                                       | CUSIP: 000000000<br>LEI: 5299004181WFTEWB1398 | Long             | DBT              | CORP              | PA        |    340000 | PA      | $308890.00    | 0.01%             | 2027-10-19      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                                           | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4980000 | PA      | $4354810.80   | 0.18%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TUI CRUISES GMBH                               | TUI Cruises GmbH                                                                                       | CUSIP: 000000000<br>LEI: 529900SVD83QUUIZYY18 | Long             | DBT              | CORP              | DE        |   1100000 | PA      | $1076147.27   | 0.05%             | 2026-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ultimate Software Group Inc (The)              | Ultimate Software Group Inc (The) Term Loan B                                                          | CUSIP: 90385KAB7<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   1596375 | PA      | $1579309.75   | 0.07%             | 2026-05-04      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                                                                              | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $862690.00    | 0.04%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| BIDVEST GROUP UK PLC                           | Bidvest Group UK PLC/The                                                                               | CUSIP: 88332EAA1<br>LEI: 984500A80C777F496830 | Long             | DBT              | CORP              | GB        |    470000 | PA      | $430138.13    | 0.02%             | 2026-09-23      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp                                                                                           | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   4215000 | PA      | $3514846.35   | 0.15%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                                           | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2465277.40   | 0.10%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                        | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                                            | CUSIP: 03522AAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8050000 | PA      | $7981816.50   | 0.33%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                                       | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $921130.00    | 0.04%             | 2026-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS MU                       | Greenko Wind Projects Mauritius Ltd                                                                    | CUSIP: 000000000<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |    380000 | PA      | $357746.25    | 0.01%             | 2025-04-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                          | Norfolk Southern Corp                                                                                  | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     30293 | NS      | $7446322.33   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                 | Microsoft Corp                                                                                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     27882 | NS      | $6909438.42   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Midstream Partners LP                   | Summit Midstream Partners LP                                                                           | CUSIP: 866142409<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86915 | NS      | $1531442.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                     | Vonovia SE                                                                                             | CUSIP: 92887H107<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    695040 | NS      | $9813964.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                          | Schneider Electric SE                                                                                  | CUSIP: 80687P106<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    602008 | NS      | $19529139.52  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO/ORG                               | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                       | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1755585.00   | 0.07%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ICON Luxembourg S.A.R.L.                       | ICON Luxembourg S.A.R.L. LUX Term Loan                                                                 | CUSIP: 000000000<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |    762297 | PA      | $762015.16    | 0.03%             | 2028-07-03      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                            | American Tower Corp                                                                                    | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |     42573 | NS      | $9510382.47   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                           | YPF SA                                                                                                 | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    567000 | PA      | $543186.00    | 0.02%             | 2024-04-04      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                 | Constellium SE                                                                                         | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |   2585000 | PA      | $2209166.85   | 0.09%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                         | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1666000 | PA      | $1560092.38   | 0.07%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                                                     | CUSIP: 05971KAF6<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2000000 | PA      | $1775160.00   | 0.07%             | 2030-05-28      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                                                   | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1513647.00   | 0.06%             | 2031-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENDURANCE INTERNATIONAL                        | Endurance International Group Holdings Inc                                                             | CUSIP: 29279XAA8<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |   4173000 | PA      | $3004935.57   | 0.13%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                       | Targa Resources Partners LP / Targa Resources Partners Finance Corp                                    | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1795953.90   | 0.08%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Starfruit Finco B.V                            | Starfruit Finco B.V 2018 USD Term Loan B                                                               | CUSIP: 000000000<br>LEI: 549300K7VB5G6LULFT41 | Long             | LON              | CORP              | US        |   4637107 | PA      | $4584939.36   | 0.19%             | 2025-10-01      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                  | UniCredit SpA                                                                                          | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   1525000 | PA      | $1335595.00   | 0.06%             | 2035-06-30      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                                                     | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   3415000 | PA      | $2630267.15   | 0.11%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                  | DISH DBS Corp                                                                                          | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4195000 | PA      | $2667810.25   | 0.11%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities Inc            | Alexandria Real Estate Equities Inc                                                                    | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |     46950 | NS      | $7546743.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Corporation (The)             | Dun & Bradstreet Corporation (The) Term Loan                                                           | CUSIP: 26483NAN0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   3362119 | PA      | $3353108.47   | 0.14%             | 2026-02-06      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                         | Regions Financial Corp                                                                                 | CUSIP: 7591EPAR1<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991680.00    | 0.04%             | 2025-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BCPE EMPIRE HOLDINGS INC                       | BCPE Empire Holdings Inc                                                                               | CUSIP: 05552VAA0<br>LEI: 549300O2G0VI2955B626 | Long             | DBT              | CORP              | US        |   2446000 | PA      | $2286716.48   | 0.10%             | 2027-05-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                              | Kosmos Energy Ltd                                                                                      | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1061840.70   | 0.04%             | 2026-04-04      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                            | Intesa Sanpaolo SpA                                                                                    | CUSIP: 46115HAT4<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   8000000 | PA      | $7793920.00   | 0.33%             | 2024-06-26      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO                        | Becton Dickinson and Co                                                                                | CUSIP: 075887CJ6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $2845024.00   | 0.12%             | 2030-05-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                            | CDW LLC / CDW Finance Corp                                                                             | CUSIP: 12513GBE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1394452.80   | 0.06%             | 2025-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                               | Ziggo Bond Co BV                                                                                       | CUSIP: 000000000<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    675000 | PA      | $568355.94    | 0.02%             | 2030-02-28      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Packers Holdings, LLC                          | Packers Holdings, LLC 2021 Term Loan                                                                   | CUSIP: 69519UAF9<br>LEI: 549300X0L6OJNRPME518 | Long             | LON              | CORP              | US        |   4740822 | PA      | $4381325.13   | 0.18%             | 2028-03-09      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| TITAN ACQ/CO-BORROWER                          | Titan Acquisition Ltd / Titan Co-Borrower LLC                                                          | CUSIP: 88827AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    588000 | PA      | $556071.60    | 0.02%             | 2026-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                           | Glencore Funding LLC                                                                                   | CUSIP: 378272BE7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2975000 | PA      | $2551003.00   | 0.11%             | 2031-04-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                          | NESCO Holdings II Inc                                                                                  | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   3083000 | PA      | $2774484.19   | 0.12%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NFP CORP                                       | NFP Corp                                                                                               | CUSIP: 65342RAD2<br>LEI: VO2L9FZNXDJNQNEYH039 | Long             | DBT              | CORP              | US        |   3360000 | PA      | $2909390.40   | 0.12%             | 2028-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                            | United Airlines Inc                                                                                    | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2080000 | PA      | $1897854.40   | 0.08%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                          | Uber Technologies Inc                                                                                  | CUSIP: 90353TAG5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1762002.00   | 0.07%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OLEODUCTO CENTRAL SA                           | Oleoducto Central SA                                                                                   | CUSIP: 000000000<br>LEI: 254900W4CPYCQFVH5E92 | Long             | DBT              | CORP              | CO        |    490000 | PA      | $433435.63    | 0.02%             | 2027-07-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                       | Ford Motor Credit Co LLC                                                                               | CUSIP: 345397ZJ5<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    400000 | PA      | $388356.00    | 0.02%             | 2025-06-09      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                         | Bank of New York Mellon Corp/The                                                                       | CUSIP: 064058AH3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1956820.00   | 0.08%             | 2025-09-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                | B&G Foods, Inc. 2019 Term Loan B4                                                                      | CUSIP: 05508TAU6<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | LON              | CORP              | US        |    563121 | PA      | $538365.80    | 0.02%             | 2026-10-10      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                                       | CUSIP: 22822VAQ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    300000 | PA      | $249639.00    | 0.01%             | 2050-07-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                | AstraZeneca PLC                                                                                        | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    142654 | NS      | $9325291.98   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SEALED AIR CORP                                | Sealed Air Corp                                                                                        | CUSIP: 000000000<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    220000 | PA      | $222050.40    | 0.01%             | 2028-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                             | Regal Rexnord Corp                                                                                     | CUSIP: 758750AE3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   2020000 | PA      | $2056642.80   | 0.09%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                       | Sunac China Holdings Ltd                                                                               | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    320000 | PA      | $91200.00     | 0.00%             | 2026-01-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENDEAVOR MINING PLC                            | Endeavour Mining PLC                                                                                   | CUSIP: 29261HAA3<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $176725.00    | 0.01%             | 2026-10-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING, LLC                       | Brown Group Holding, LLC 2022 Incremental Term Loan B2                                                 | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |   1197000 | PA      | $1196174.07   | 0.05%             | 2029-07-02      | Variable      | 8.43%                 | No            |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA                        | EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | ES        |    200000 | PA      | $144704.00    | 0.01%             | 2030-12-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Qwest Corp                                     | Qwest Corp                                                                                             | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     43276 | NS      | $891485.60    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                                                                        | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $3398859.00   | 0.14%             | 2032-01-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Sempra Energy                                  | Sempra Energy                                                                                          | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     51826 | NS      | $8309262.58   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO INC                                        | NIO Inc                                                                                                | CUSIP: 62914VAE6<br>LEI: 549300JBU4TV5OCKJV96 | Long             | DBT              | CORP              | KY        |    350000 | PA      | $321029.45    | 0.01%             | 2026-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                | CVS Health Corp                                                                                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    140877 | NS      | $12428168.94  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Eskom Holdings SOC Ltd                         | Eskom Holdings SOC Ltd                                                                                 | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    430000 | PA      | $410327.50    | 0.02%             | 2025-02-11      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| IPOTEKA-BANK ATIB                              | Ipoteka-Bank ATIB                                                                                      | CUSIP: 000000000<br>LEI: 213800UWVX5JSNXJS434 | Long             | DBT              | CORP              | UZ        |    450000 | PA      | $419709.38    | 0.02%             | 2025-11-19      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                          | CNX Midstream Partners LP                                                                              | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1023284.90   | 0.04%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRF GMBH                                       | BRF GmbH                                                                                               | CUSIP: 000000000<br>LEI: 5299002S6DY5RA2IOQ11 | Long             | DBT              | CORP              | AT        |   1180000 | PA      | $1074758.75   | 0.04%             | 2026-09-29      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                         | Southwestern Energy Co                                                                                 | CUSIP: 845467AT6<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1273680.80   | 0.05%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                | Madison IAQ LLC                                                                                        | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    485000 | PA      | $389668.40    | 0.02%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COCA-COLA ICECEK AS                            | Coca-Cola Icecek AS                                                                                    | CUSIP: 000000000<br>LEI: 789000WT80VVLUWJDK41 | Long             | DBT              | CORP              | TR        |    260000 | PA      | $222430.00    | 0.01%             | 2029-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                          | Encompass Health Corp                                                                                  | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1120440.00   | 0.05%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                       | Banco Mercantil del Norte SA/Grand Cayman                                                              | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    460000 | PA      | $424148.75    | 0.02%             | 2027-01-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                | Nigeria Government International Bond                                                                  | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    750000 | PA      | $570000.00    | 0.02%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| Target Corp                                    | Target Corp                                                                                            | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     60909 | NS      | $10484875.26  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM RADIO INC                            | Sirius XM Radio Inc                                                                                    | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   5020000 | PA      | $4462428.60   | 0.19%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos Inc                       | Marsh & McLennan Cos Inc                                                                               | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     51184 | NS      | $8952593.44   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TURK SISE VE CAM FABRIKA                       | Turkiye Sise ve Cam Fabrikalari AS                                                                     | CUSIP: 000000000<br>LEI: 789000KWOK751Q6R8875 | Long             | DBT              | CORP              | TR        |    530000 | PA      | $513040.00    | 0.02%             | 2026-03-14      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                    | Walmart Inc                                                                                            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     77783 | NS      | $11190640.21  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                            | JPMorgan Chase & Co                                                                                    | CUSIP: 46625HJW1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3994120.00   | 0.17%             | 2024-04-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CATALENT PHARMA SOLUTION                       | Catalent Pharma Solutions Inc                                                                          | CUSIP: 14879EAK4<br>LEI: 549300HALRZ339MSTH85 | Long             | DBT              | CORP              | US        |    840000 | PA      | $694024.80    | 0.03%             | 2030-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| General Electric Co                            | General Electric Co                                                                                    | CUSIP: 36962GXZ2<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2244255.00   | 0.09%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                           | Keurig Dr Pepper Inc                                                                                   | CUSIP: 49271VAJ9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $953667.25    | 0.04%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co/The                               | Coca-Cola Co/The                                                                                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    132102 | NS      | $8100494.64   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                                         | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1662433.50   | 0.07%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| OXFORD FIN LLC/CO-ISS II                       | Oxford Finance LLC / Oxford Finance Co-Issuer II Inc                                                   | CUSIP: 69145LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1305567.90   | 0.05%             | 2027-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RC Buyer, Inc.                                 | RC Buyer, Inc. 2021 2nd Lien Term Loan                                                                 | CUSIP: 74934KAD3<br>LEI: 549300ULXHJ9CR0QDU59 | Long             | LON              | CORP              | US        |    800000 | PA      | $714664.00    | 0.03%             | 2029-07-30      | Floating      | 11.23%                | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                                        | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2536740.00   | 0.11%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                       | Sinclair Television Group Inc                                                                          | CUSIP: 829259AW0<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1073088.50   | 0.04%             | 2027-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DCert Buyer, Inc.                              | DCert Buyer, Inc. 2019 Term Loan B                                                                     | CUSIP: 24022KAB5<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |   4575123 | PA      | $4516515.75   | 0.19%             | 2026-10-16      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| TENGIZCHEVROIL FIN CO IN                       | Tengizchevroil Finance Co International Ltd                                                            | CUSIP: 000000000<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $150750.00    | 0.01%             | 2030-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                    | Long: BR219272  IRS EUR R V 06MEURIB 1 CCPVANILLA / Short: BR219272  IRS EUR P F  3.00000 2 CCPVANILLA | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    270000 | OU      | $1070.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                        | Dealer Tire LLC / DT Issuer LLC                                                                        | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5637000 | PA      | $5220256.59   | 0.22%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Singapore Exchange Ltd                         | Singapore Exchange Ltd                                                                                 | CUSIP: 82929W105<br>LEI: 549300IQ650PPXM76X03 | Long             | EC               | CORP              | SG        |     56699 | NS      | $5971538.68   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                  | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    502000 | PA      | $462713.48    | 0.02%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc                       | Prudential Financial Inc                                                                               | CUSIP: 744320AM4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994180.00    | 0.04%             | 2043-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                              | CSC Holdings, LLC 2019 Term Loan B5                                                                    | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   3687819 | PA      | $3415842.08   | 0.14%             | 2027-04-15      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp                               | Exxon Mobil Corp                                                                                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    189190 | NS      | $21947931.90  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Bombardier Inc                                 | Bombardier Inc                                                                                         | CUSIP: 097751BR1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $917478.00    | 0.04%             | 2024-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                | CMS Energy Corp                                                                                        | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    118777 | NS      | $7505518.63   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                        | Global Partners LP / GLP Finance Corp                                                                  | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3922000 | PA      | $3698720.54   | 0.15%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DNO ASA                                        | DNO ASA                                                                                                | CUSIP: 000000000<br>LEI: 5967007LIEEXZXH3K072 | Long             | DBT              | CORP              | NO        |    196690 | PA      | $196321.21    | 0.01%             | 2024-05-29      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                          | Genesis Energy LP / Genesis Energy Finance Corp                                                        | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2010000 | PA      | $1946182.50   | 0.08%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                                             | CUSIP: 92343VFE9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2541504.00   | 0.11%             | 2030-03-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                  | DISH DBS Corp                                                                                          | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1482038.00   | 0.06%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| B3 SA-BRASIL BOLSA BALCA                       | B3 SA - Brasil Bolsa Balcao                                                                            | CUSIP: 11778EAA4<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | DBT              | CORP              | BR        |    290000 | PA      | $251575.00    | 0.01%             | 2031-09-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                          | Nabors Industries Inc                                                                                  | CUSIP: 62957HAH8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   2645000 | PA      | $2688959.90   | 0.11%             | 2025-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| New Era Cap Co., Inc.                          | New Era Cap Co., Inc. 2022 Term Loan B                                                                 | CUSIP: 64428KAB1<br>LEI: 2549002S11RAD1K2OF44 | Long             | LON              | CORP              | US        |   1949062 | PA      | $1832118.75   | 0.08%             | 2027-07-13      | Floating      | 10.81%                | No            |                  2 | On Loan: No      |
| USI Inc/NY                                     | USI Inc/NY                                                                                             | CUSIP: 91739VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1840898.00   | 0.08%             | 2025-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DANA INC                                       | Dana Inc                                                                                               | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $1759392.50   | 0.07%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                | MV24 Capital BV                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    659505 | PA      | $625870.25    | 0.03%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                                                  | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2237000 | PA      | $2177831.35   | 0.09%             | 2030-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AEROPUERTO INTL TOCUMEN                        | Aeropuerto Internacional de Tocumen SA                                                                 | CUSIP: 000000000<br>LEI: 254900FO1PHX49ZIGB14 | Long             | DBT              | CORP              | PA        |   1040000 | PA      | $843570.00    | 0.04%             | 2061-08-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                         | Marvell Technology Inc                                                                                 | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126200 | NS      | $5445530.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                       | Midcap Financial Issuer Trust                                                                          | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2567000 | PA      | $2262271.43   | 0.09%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ABSA GROUP LTD                                 | Absa Group Ltd                                                                                         | CUSIP: 000000000<br>LEI: 2138006IPPRD4N6XLT30 | Long             | DBT              | CORP              | ZA        |    460000 | PA      | $434930.00    | 0.02%             | 2026-05-27      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BEACON ROOFING SUPPLY IN                       | Beacon Roofing Supply Inc                                                                              | CUSIP: 073685AH2<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   2560000 | PA      | $2205875.20   | 0.09%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Athenahealth, Inc.                             | Athenahealth, Inc. 2022 Term Loan B                                                                    | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   2394978 | PA      | $2265242.29   | 0.09%             | 2029-02-15      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                  | LGI Homes Inc                                                                                          | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   3698000 | PA      | $2994751.34   | 0.13%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings, Inc.            | Engineered Machinery Holdings, Inc. 2021 EUR Incremental Term Loan                                     | CUSIP: 26658NAL3<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |    864062 | PA      | $909428.24    | 0.04%             | 2028-05-21      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| EASTERN & SOUTHERN AFRIC                       | Eastern & Southern African Trade & Development Bank/The                                                | CUSIP: 000000000<br>LEI: 2138004HC83AB2ENIZ64 | Long             | DBT              | NUSS              | XX        |    750000 | PA      | $730680.00    | 0.03%             | 2024-05-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC                           | SRS Distribution Inc                                                                                   | CUSIP: 78471RAB2<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |   1912000 | PA      | $1757892.80   | 0.07%             | 2028-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                              | Post Holdings Inc                                                                                      | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   5984000 | PA      | $5266099.52   | 0.22%             | 2030-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                             | Leviathan Bond Ltd                                                                                     | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    470000 | PA      | $467885.00    | 0.02%             | 2023-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRANSNET SOC LTD                               | Transnet SOC Ltd                                                                                       | CUSIP: 89378TAD5<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |    380000 | PA      | $380950.00    | 0.02%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                             | Turkey Government International Bond                                                                   | CUSIP: 900123DF4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1130000 | PA      | $1159662.50   | 0.05%             | 2028-01-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                            | Buckeye Partners LP                                                                                    | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   1217000 | PA      | $1116451.46   | 0.05%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL INDUSTRIAS                          | SAN Miguel Industrias Pet SA / NG PET R&P Latin America SA                                             | CUSIP: 79911QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    290000 | PA      | $246500.00    | 0.01%             | 2028-08-02      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                 | NRG Energy Inc                                                                                         | CUSIP: 629377CK6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2721740.00   | 0.11%             | 2024-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Reynolds Group Holdings Inc.                   | Reynolds Group Holdings Inc. 2020 Term Loan B2                                                         | CUSIP: 76173FAW7<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |   1053500 | PA      | $1051192.89   | 0.04%             | 2026-02-05      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                        | Mong Duong Finance Holdings BV                                                                         | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    530000 | PA      | $471302.50    | 0.02%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                 | NRG Energy Inc                                                                                         | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    115000 | PA      | $109829.60    | 0.00%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                           | YPF SA                                                                                                 | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    218750 | PA      | $206212.89    | 0.01%             | 2025-03-23      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LABORATOIRE EIMER SELAS                        | Laboratoire Eimer Selas                                                                                | CUSIP: 000000000<br>LEI: 969500DCZL54LLTFEM37 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $420928.30    | 0.02%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                                                  | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1259014.15   | 0.05%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                       | Prudential Financial Inc                                                                               | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1493310.00   | 0.06%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding, LLC                       | Brown Group Holding, LLC Term Loan B                                                                   | CUSIP: 11565HAB2<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    980924 | PA      | $975254.21    | 0.04%             | 2028-06-07      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| FIRST BNK NIGERIA (FBN F                       | First Bank of Nigeria Ltd Via FBN Finance Co BV                                                        | CUSIP: 302406AC7<br>LEI: 213800WYQV2Q3TA9J649 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $187975.00    | 0.01%             | 2025-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                                            | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   1462000 | PA      | $1291764.72   | 0.05%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                       | Canadian Pacific Railway Co                                                                            | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   1900000 | PA      | $1640555.00   | 0.07%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Roche Holding AG                               | Roche Holding AG                                                                                       | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    255848 | NS      | $10016449.20  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Intelsat Jackson Holdings S.A.                 | Intelsat Jackson Holdings S.A. 2021 Exit Term Loan B                                                   | CUSIP: 000000000<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | LON              | CORP              | LU        |   3005727 | PA      | $2956042.52   | 0.12%             | 2029-02-01      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| Amkor Technology Inc                           | Amkor Technology Inc                                                                                   | CUSIP: 031652BK5<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |   1398000 | PA      | $1402879.02   | 0.06%             | 2027-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HLDGS                           | Country Garden Holdings Co Ltd                                                                         | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |    210000 | PA      | $143955.00    | 0.01%             | 2026-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                        | SBA Communications Corp                                                                                | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |   2637000 | PA      | $2436007.86   | 0.10%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund                                                         | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | EC               | RF                | US        | 122508535 | NS      | $122508534.59 | 5.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks Inc                           | Juniper Networks Inc                                                                                   | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |    148942 | NS      | $4810826.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUNDATION BUILDING M                          | Foundation Building Materials Inc                                                                      | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2043125.20   | 0.09%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                   | Virtusa Corp                                                                                           | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |   2371000 | PA      | $1992185.33   | 0.08%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| General Electric Co                            | General Electric Co                                                                                    | CUSIP: 369604BQ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   4477000 | PA      | $4460972.34   | 0.19%             | 2023-03-15      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                         | Acrisure LLC / Acrisure Finance Inc                                                                    | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2230000 | PA      | $1851323.70   | 0.08%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                       | Ford Motor Credit Co LLC                                                                               | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4260000 | PA      | $3967764.00   | 0.17%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT                         | VistaJet Malta Finance PLC / XO Management Holding Inc                                                 | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   3525000 | PA      | $3111588.00   | 0.13%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                                            | CUSIP: 85571BAL9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   2700000 | PA      | $2612412.00   | 0.11%             | 2025-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing, LLC                         | DirecTV Financing, LLC Term Loan                                                                       | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2285312 | PA      | $2244131.17   | 0.09%             | 2027-08-02      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                       | Vertiv Group Corp                                                                                      | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   2956000 | PA      | $2571365.28   | 0.11%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                         | US 5YR NOTE (CBT) MAR23                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        20 | NC      | $8125.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CMG MEDIA CORPORATION                          | CMG Media Corp                                                                                         | CUSIP: 88146LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2228215.50   | 0.09%             | 2027-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| KB HOME                                        | KB Home                                                                                                | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |   1805000 | PA      | $1812725.40   | 0.08%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                         | US LONG BOND(CBT) MAR23                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       173 | NC      | $591313.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                          | Republic Services Inc                                                                                  | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     97898 | NS      | $12219628.36  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                       | AT&T Inc                                                                                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    774414 | NS      | $15774813.18  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFEPOINT HEALTH INC                           | LifePoint Health Inc                                                                                   | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   2635000 | PA      | $1765397.30   | 0.07%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hudson Pacific Properties Inc                  | Hudson Pacific Properties Inc                                                                          | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               |  | US        |    172942 | NS      | $1969809.38   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC                           | Booking Holdings Inc                                                                                   | CUSIP: 09857LAR9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2863281.00   | 0.12%             | 2030-04-13      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Amgen Inc                                      | Amgen Inc                                                                                              | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     22247 | NS      | $5615142.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                           | Bank of America Corp                                                                                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    429723 | NS      | $15246572.04  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings Inc                                                                               | CUSIP: 55903VAJ2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2110388.00   | 0.09%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                      | Prosus NV                                                                                              | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $544500.00    | 0.02%             | 2027-01-19      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                       | Constellation Brands Inc                                                                               | CUSIP: 21036PBF4<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2012010.00   | 0.08%             | 2030-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                        | MPLX LP                                                                                                | CUSIP: 55336VBQ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   5925000 | PA      | $5058646.50   | 0.21%             | 2030-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                                                      | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   3243000 | PA      | $2877449.04   | 0.12%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                  | Koninklijke Ahold Delhaize NV                                                                          | CUSIP: 500467501<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |    301655 | NS      | $8980269.35   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CAB                                            | CAB SELAS                                                                                              | CUSIP: 000000000<br>LEI: 9695008EGX5O9K1MS743 | Long             | DBT              | CORP              | FR        |   1175000 | PA      | $1066119.40   | 0.04%             | 2028-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ACCESS BANK PLC                                | Access Bank PLC                                                                                        | CUSIP: 00434G2B5<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |    900000 | PA      | $792000.00    | 0.03%             | 2026-09-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                                                                              | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |   1800000 | PA      | $1533294.00   | 0.06%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                       | Avolon Holdings Funding Ltd                                                                            | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1927000 | PA      | $1661497.94   | 0.07%             | 2027-11-18      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                                           | CUSIP: 20030NDL2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   2827000 | PA      | $1959421.97   | 0.08%             | 2051-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                               | Ziggo Bond Co BV                                                                                       | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $413170.00    | 0.02%             | 2030-02-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HUNT OIL CO OF PERU                            | Hunt Oil Co of Peru LLC Sucursal Del Peru                                                              | CUSIP: 000000000<br>LEI: 549300SVO0550J3IKN50 | Long             | DBT              | CORP              | PE        |    716680 | PA      | $687475.29    | 0.03%             | 2028-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc.                         | Level 3 Financing Inc. 2019 Term Loan B                                                                | CUSIP: 52729KAP1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |   1568485 | PA      | $1540064.02   | 0.06%             | 2027-03-01      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| DELPHI FINANCIAL GROUP                         | Delphi Financial Group Inc                                                                             | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |    143849 | NS      | $3236602.50   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                                                     | CUSIP: 437076CD2<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $936304.20    | 0.04%             | 2050-04-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ROBLOX CORP                                    | ROBLOX Corp                                                                                            | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1664490.50   | 0.07%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                          | Bausch Health Cos Inc                                                                                  | CUSIP: 071734AP2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   2240000 | PA      | $1527187.20   | 0.06%             | 2027-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO                       | Global Infrastructure Solutions Inc                                                                    | CUSIP: 37960XAA5<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |   4435000 | PA      | $3648541.45   | 0.15%             | 2029-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                         | VICI Properties LP / VICI Note Co Inc                                                                  | CUSIP: 92564RAC9<br>LEI: N/A                  | Long             | DBT              |  | US        |   1526000 | PA      | $1452278.94   | 0.06%             | 2025-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Noble Corp PLC                                 | Noble Corp PLC                                                                                         | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     63962 | NS      | $2602613.78   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                              | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   3625000 | PA      | $3188803.75   | 0.13%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ANADOLU EFES BIR                               | Anadolu Efes Biracilik Ve Malt Sanayii AS                                                              | CUSIP: 032523AB8<br>LEI: 7890006LGARYVIPOJX03 | Long             | DBT              | CORP              | TR        |    420000 | PA      | $326025.00    | 0.01%             | 2028-06-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                         | Oman Government International Bond                                                                     | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    200000 | PA      | $206725.00    | 0.01%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                       | American Airlines Inc/AAdvantage Loyalty IP Ltd                                                        | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1717000 | PA      | $1662193.36   | 0.07%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SUMMIT MID HLDS LLC / FI                       | Summit Midstream Holdings LLC / Summit Midstream Finance Corp                                          | CUSIP: 86614WAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3260000 | PA      | $2803893.40   | 0.12%             | 2025-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                       | PURCHASED USD / SOLD EUR                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-236.63      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                              | EURO-BOBL FUTURE MAR23                                                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -68 | NC      | $152925.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TINKOFF BK (TCS FINANCE)                       | Tinkoff Bank JSC Via TCS Finance Ltd                                                                   | CUSIP: 87251LAA4<br>LEI: 213800VIPIONINOCLD68 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $85600.00     | 0.00%             | 2026-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                            | Clarivate Science Holdings Corp                                                                        | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2401000 | PA      | $2111439.40   | 0.09%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                           | Teva Pharmaceutical Finance Netherlands II BV                                                          | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    210000 | PA      | $206475.94    | 0.01%             | 2027-05-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DCert Buyer, Inc.                              | DCert Buyer, Inc. 2021 2nd Lien Term Loan                                                              | CUSIP: 000000000<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |   2700000 | PA      | $2463750.00   | 0.10%             | 2029-02-19      | Floating      | 11.70%                | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                       | OCP SA                                                                                                 | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    960000 | PA      | $744000.00    | 0.03%             | 2051-06-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                 | Owens-Brockway Glass Container Inc                                                                     | CUSIP: 69073TAR4<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    527000 | PA      | $527521.73    | 0.02%             | 2023-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                    | Long: SR219260  IRS USD R F  4.25000 2 CCPOIS / Short: SR219260  IRS USD P V 00MSOFR 1 CCPOIS          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4250000 | OU      | $66228.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                            | Sirius XM Radio Inc                                                                                    | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    820000 | PA      | $739279.20    | 0.03%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                | United Group BV                                                                                        | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |   1225000 | PA      | $1077202.84   | 0.05%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                            | Abbott Laboratories                                                                                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     75273 | NS      | $8321430.15   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                             | Ford Motor Co                                                                                          | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   3726000 | PA      | $2958779.34   | 0.12%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Garrett LX I SARL                              | Garrett LX I SARL 2021 USD Term Loan B                                                                 | CUSIP: 36649XAC2<br>LEI: 549300LKYJ4RR1ELO069 | Long             | LON              | CORP              | LU        |   2765000 | PA      | $2732732.45   | 0.11%             | 2028-04-30      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC                           | SRS Distribution Inc                                                                                   | CUSIP: 78471RAC0<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |   3525000 | PA      | $3031112.25   | 0.13%             | 2029-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings, Inc.            | Engineered Machinery Holdings, Inc. 2021 USD Incremental Term Loan                                     | CUSIP: 26658NAP4<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |   1852413 | PA      | $1841168.64   | 0.08%             | 2028-05-19      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                                               | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1679940.00   | 0.07%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                         | IOP011802 EQO. STOX EUR                                                                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | DE        |     -9712 | NC      | $-2502904.49  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                                           | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    470000 | PA      | $370148.50    | 0.02%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                          | Playtika Holding Corp                                                                                  | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |   3198000 | PA      | $2656994.34   | 0.11%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PACTIV EVERGREEN GROUP                         | Pactiv Evergreen Group Issuer Inc/Pactiv Evergreen Group Issuer LLC                                    | CUSIP: 76174LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1266659.40   | 0.05%             | 2027-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                          | Mexico Government International Bond                                                                   | CUSIP: 91087BAU4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $205700.00    | 0.01%             | 2028-02-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Getty Images Inc                               | Getty Images Inc                                                                                       | CUSIP: 374276AJ2<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3690574.80   | 0.15%             | 2027-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Hunter Fan Company                             | Hunter Fan Company 2021 Term Loan                                                                      | CUSIP: 44568FAT5<br>LEI: 549300LNHMRYBCSXQE39 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-05-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                            | Delta Air Lines Inc                                                                                    | CUSIP: 247361ZZ4<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3765924.00   | 0.16%             | 2026-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                        | Dell International LLC / EMC Corp                                                                      | CUSIP: 24703TAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2699000 | PA      | $3159017.56   | 0.13%             | 2036-07-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                                             | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $873690.00    | 0.04%             | 2027-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                         | Penn Entertainment Inc                                                                                 | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3067000 | PA      | $2535703.59   | 0.11%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                     | Arcosa Inc                                                                                             | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1221000 | PA      | $1090304.16   | 0.05%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Grinding Media Inc.                            | Grinding Media Inc. 2021 Term Loan B                                                                   | CUSIP: 39854KAB6<br>LEI: 254900IYFJ03EGFQ8C34 | Long             | LON              | CORP              | US        |   2641562 | PA      | $2575523.43   | 0.11%             | 2028-10-12      | Floating      | 8.77%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                       | PURCHASED USD / SOLD EUR                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-565591.80   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                                             | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   6650000 | PA      | $6176852.50   | 0.26%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                               | APi Group DE Inc                                                                                       | CUSIP: 001877AA7<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |   5193000 | PA      | $4493087.46   | 0.19%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                       | Huntsman International LLC                                                                             | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   2104000 | PA      | $1972436.88   | 0.08%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                        | DCP Midstream Operating LP                                                                             | CUSIP: 23311RAA4<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4408840.00   | 0.18%             | 2037-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                           | Telecom Argentina SA                                                                                   | CUSIP: 879273AT7<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |    158000 | PA      | $154543.75    | 0.01%             | 2025-08-06      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                 | Air Lease Corp                                                                                         | CUSIP: 00914AAB8<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2639065.00   | 0.11%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                                               | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3475000 | PA      | $2839214.00   | 0.12%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                                            | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $990603.60    | 0.04%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                    | Chemours Co/The                                                                                        | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   4560000 | PA      | $3808466.40   | 0.16%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNIVERSE TREK LTD                              | Universe Trek Ltd                                                                                      | CUSIP: 000000000<br>LEI: 894500DI8OJA4AZN9Q31 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $386500.00    | 0.02%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KOC Holding AS                                 | KOC Holding AS                                                                                         | CUSIP: 000000000<br>LEI: 7890005U0H950VH19H45 | Long             | DBT              | CORP              | TR        |    700000 | PA      | $687225.00    | 0.03%             | 2025-03-11      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                    | Long: BR219259  IRS USD R V 00MSOFR 1 CCPOIS / Short: BR219259  IRS USD P F  4.50000 2 CCPOIS          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2680000 | OU      | $-19369.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENERGIZE HOLDCO LLC                            | Energize HoldCo LLC 2021 1st Lien Term Loan                                                            | CUSIP: 29280KAB1<br>LEI: 254900PXZ95ALUX12V67 | Long             | LON              | CORP              | US        |   2307592 | PA      | $2268177.90   | 0.09%             | 2028-12-08      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs MLP Energy Infrastructure Fund   | Goldman Sachs MLP Energy Infrastructure Fund                                                           | CUSIP: 38150C887<br>LEI: 549300QNI1STTSJRLK10 | Long             | EC               | RF                | US        |   1158185 | NS      | $35313067.97  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                                                  | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   6980000 | PA      | $6196006.40   | 0.26%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                            | Charles Schwab Corp/The                                                                                | CUSIP: 808513BD6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2240167.50   | 0.09%             | 2025-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CARGO AIRCRAFT MANAGEMEN                       | Cargo Aircraft Management Inc                                                                          | CUSIP: 14180LAA4<br>LEI: 549300GH5J7LOMV44F11 | Long             | DBT              | CORP              | US        |    785000 | PA      | $710205.20    | 0.03%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                                | MEG Energy Corp                                                                                        | CUSIP: 552704AE8<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |   2480000 | PA      | $2544281.60   | 0.11%             | 2027-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                     | Elastic NV                                                                                             | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |   1835000 | PA      | $1572154.60   | 0.07%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund                                                         | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   2944128 | NS      | $2944127.63   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VNET GROUP INC                                 | Vnet Group Inc                                                                                         | CUSIP: 90138VAB3<br>LEI: 529900672GYJQ3T38I58 | Long             | DBT              | CORP              | KY        |    220000 | PA      | $188615.46    | 0.01%             | 2026-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                               | Deutsche Bank AG                                                                                       | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    800000 | PA      | $728064.00    | 0.03%             | 2025-10-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                       | Ziggo BV                                                                                               | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |   1628000 | PA      | $1420185.80   | 0.06%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                       | Brookfield Residential Properties Inc / Brookfield Residential US LLC                                  | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1642000 | PA      | $1277180.44   | 0.05%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities Inc                      | AvalonBay Communities Inc                                                                              | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |     37336 | NS      | $6624899.84   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                        | Raymond James Financial Inc                                                                            | CUSIP: 754730AG4<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    900000 | PA      | $895914.00    | 0.04%             | 2030-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                 | AutoNation Inc                                                                                         | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    961000 | PA      | $903099.75    | 0.04%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                                                    | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    441000 | PA      | $381006.36    | 0.02%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc     | Fidelity National Information Services Inc                                                             | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     79803 | NS      | $5988417.12   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BANIJAY ENTERTAINMENT                          | Banijay Entertainment SASU                                                                             | CUSIP: 060335AA4<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |   1800000 | PA      | $1736478.00   | 0.07%             | 2025-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Athenahealth, Inc.                             | Athenahealth, Inc. 2022 Delayed Draw Term Loan                                                         | CUSIP: 04686RAC7<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    293478 | PA      | $277580.54    | 0.01%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                | AdaptHealth LLC                                                                                        | CUSIP: 00653VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1371232.75   | 0.06%             | 2028-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                        | Central Garden & Pet Co                                                                                | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1173414.00   | 0.05%             | 2030-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                            | Banco Davivienda SA                                                                                    | CUSIP: 059501AD8<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    220000 | PA      | $172975.00    | 0.01%             | 2031-04-22      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| SPCM SA                                        | SPCM SA                                                                                                | CUSIP: 7846ELAD9<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    740000 | PA      | $652435.80    | 0.03%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Foot Locker Inc                                | Foot Locker Inc                                                                                        | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |    118094 | NS      | $5138269.94   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO CONTINENTAL S.A.E.                       | Banco Continental SAECA                                                                                | CUSIP: 000000000<br>LEI: 8945005Q0D60A6FCEM55 | Long             | DBT              | CORP              | PY        |   1210000 | PA      | $1080151.88   | 0.05%             | 2025-12-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                               | Berry Global Inc                                                                                       | CUSIP: 085770AB1<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1966100.00   | 0.08%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                            | Medline Borrower LP                                                                                    | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $1917617.70   | 0.08%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| International Paper Co                         | International Paper Co                                                                                 | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    103760 | NS      | $4339243.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UNISYS CORP                                    | Unisys Corp                                                                                            | CUSIP: 909214BV9<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $803586.00    | 0.03%             | 2027-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                            | American International Group Inc                                                                       | CUSIP: 026874DR5<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2059560.00   | 0.09%             | 2030-06-30      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corporation                    | Epicor Software Corporation 2020 Term Loan                                                             | CUSIP: 29426NAN4<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   4007750 | PA      | $3931843.22   | 0.16%             | 2027-07-30      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Nestle SA                                      | Nestle SA                                                                                              | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    101506 | NS      | $12405555.79  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP                            | Charles Schwab Corp/The                                                                                | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2647932.50   | 0.11%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                | Cemex SAB de CV                                                                                        | CUSIP: 151290CA9<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    800000 | PA      | $734000.00    | 0.03%             | 2026-06-08      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                       | First Quantum Minerals Ltd                                                                             | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $530461.25    | 0.02%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                       | PURCHASED USD / SOLD EUR                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-3220.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KBR INC                                        | KBR Inc                                                                                                | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |   1161000 | PA      | $1052609.04   | 0.04%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CoBank ACB                                     | CoBank ACB                                                                                             | CUSIP: 19075QAC6<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |   5350000 | PA      | $5322875.50   | 0.22%             | 2026-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                    | MetLife Inc                                                                                            | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    168841 | NS      | $12328769.82  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                        | Illinois Tool Works Inc                                                                                | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     48696 | NS      | $11494203.84  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Holley Purchaser, Inc.                         | Holley Purchaser, Inc. 2021 Term Loan                                                                  | CUSIP: 000000000<br>LEI: 254900EEM9JI9G1A4D88 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-11-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT                         | VistaJet Malta Finance PLC / XO Management Holding Inc                                                 | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1230000 | PA      | $1190258.70   | 0.05%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                                  | Sempra Energy                                                                                          | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3335000 | PA      | $3203901.15   | 0.13%             | 2025-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                 | BNP Paribas SA                                                                                         | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |    414957 | NS      | $14241324.24  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPANIA GENERAL COMBUST                       | Cia General de Combustibles SA                                                                         | CUSIP: 20448QAB6<br>LEI: 529900ZYULFIPN299C35 | Long             | DBT              | CORP              | AR        |    121380 | PA      | $123048.98    | 0.01%             | 2025-03-08      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| INRETAIL CONSUMER                              | InRetail Consumer                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    400000 | PA      | $344250.00    | 0.01%             | 2028-03-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                        | BPCE SA                                                                                                | CUSIP: 05578QAF0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   2100000 | PA      | $1665783.00   | 0.07%             | 2032-10-19      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                        | Standard Industries Inc/NJ                                                                             | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   4054000 | PA      | $3225200.24   | 0.13%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                       | Transocean Titan Financing Ltd                                                                         | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    815000 | PA      | $845766.25    | 0.04%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Ross Stores Inc                                | Ross Stores Inc                                                                                        | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     54032 | NS      | $6386042.08   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                    | Ameren Corp                                                                                            | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     97027 | NS      | $8428735.49   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CT TRUST                                       | CT Trust                                                                                               | CUSIP: 000000000<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |   1480000 | PA      | $1291300.00   | 0.05%             | 2032-02-03      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                    | Long: BR219263  IRS USD R V 00MSOFR 1 CCPOIS / Short: BR219263  IRS USD P F  3.75000 2 CCPOIS          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  14070000 | OU      | $-462326.13   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Lamar Funding Ltd                              | Lamar Funding Ltd                                                                                      | CUSIP: 000000000<br>LEI: 549300TSXHL7X0727895 | Long             | DBT              | CORP              | KY        |    470000 | PA      | $448938.13    | 0.02%             | 2025-05-07      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                          | Guatemala Government Bond                                                                              | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    766000 | PA      | $744121.13    | 0.03%             | 2050-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AXIAN TELECOM                                  | Axian Telecom                                                                                          | CUSIP: 05466AAA1<br>LEI: 984500C6FIA50FZSE337 | Long             | DBT              | CORP              | MU        |    250000 | PA      | $228484.38    | 0.01%             | 2027-02-16      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                            | Select Medical Corp                                                                                    | CUSIP: 816196AT6<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1660169.00   | 0.07%             | 2026-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AVIATION FIN                        | Castlelake Aviation Finance DAC                                                                        | CUSIP: 14856HAA6<br>LEI: 2138006F7SMD1COVC345 | Long             | DBT              | CORP              | IE        |   2420000 | PA      | $2206628.60   | 0.09%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Banco de Bogota SA                             | Banco de Bogota SA                                                                                     | CUSIP: 000000000<br>LEI: 549300LYHE7LWSKDZT53 | Long             | DBT              | CORP              | CO        |    740000 | PA      | $731351.25    | 0.03%             | 2026-05-12      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                       | Marriott Ownership Resorts Inc                                                                         | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    710000 | PA      | $619304.60    | 0.03%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INVERSIONES Y REPRESENTA                       | IRSA Inversiones y Representaciones SA                                                                 | CUSIP: 450047AH8<br>LEI: 549300QJINFBX83IZ837 | Long             | DBT              | CORP              | AR        |    277787 | PA      | $272752.41    | 0.01%             | 2028-06-22      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Anticimex International AB                     | Anticimex International AB 2021 USD Term Loan B1                                                       | CUSIP: 000000000<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |   1983196 | PA      | $1959020.63   | 0.08%             | 2028-11-16      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| Sunac China Holdings Ltd                       | Sunac China Holdings Ltd                                                                               | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $57500.00     | 0.00%             | 2023-10-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                            | Clarivate Science Holdings Corp                                                                        | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3509000 | PA      | $3132975.56   | 0.13%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TELFON CELUAR DEL PARAGU                       | Telefonica Celular del Paraguay SA                                                                     | CUSIP: 000000000<br>LEI: 254900R8A8IKGF4THL54 | Long             | DBT              | CORP              | PY        |    750000 | PA      | $698578.13    | 0.03%             | 2027-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                    | BNP Paribas SA                                                                                         | CUSIP: 09659W2U7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   3050000 | PA      | $2577158.50   | 0.11%             | 2033-01-20      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| H-FOOD HOLDNG/HEARTHSIDE                       | H-Food Holdings LLC / Hearthside Finance Co Inc                                                        | CUSIP: 577088AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2820000 | PA      | $1929585.00   | 0.08%             | 2026-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                            | Verisure Holding AB                                                                                    | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |    725000 | PA      | $696258.08    | 0.03%             | 2027-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | Fortress Transportation and Infrastructure Investors LLC                                               | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $1955886.60   | 0.08%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                                  | Peraton Corp. 2nd Lien Term Loan B1                                                                    | CUSIP: 71360HAG2<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |   1747455 | PA      | $1688915.50   | 0.07%             | 2029-02-01      | Floating      | 12.22%                | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                                       | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $932531.60    | 0.04%             | 2030-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                              | Newell Brands Inc                                                                                      | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1149043.20   | 0.05%             | 2046-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                            | Buckeye Partners LP                                                                                    | CUSIP: 118230AR2<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    929000 | PA      | $840271.21    | 0.04%             | 2027-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Noble Corp PLC                                 | Noble Corp PLC                                                                                         | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | N/A              | DE               |  | GB        |      2644 | NS      | $59622.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MATTEL INC                                     | Mattel Inc                                                                                             | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2043870.85   | 0.09%             | 2026-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU                       | Installed Building Products Inc                                                                        | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    800000 | PA      | $737360.00    | 0.03%             | 2028-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                       | Plains All American Pipeline LP / PAA Finance Corp                                                     | CUSIP: 72650RBF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2928420.00   | 0.12%             | 2024-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                       | iHeartCommunications Inc                                                                               | CUSIP: 45174HBG1<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    550000 | PA      | $470580.00    | 0.02%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                                           | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    990000 | PA      | $923095.80    | 0.04%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                                                   | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1435849.05   | 0.06%             | 2029-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                      | Qorvo Inc                                                                                              | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |    750000 | PA      | $678900.00    | 0.03%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Blackstone Inc                                 | Blackstone Inc                                                                                         | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |    141716 | NS      | $13599067.36  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TEAMSYSTEM SPA                                 | TeamSystem SpA                                                                                         | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |   3100000 | PA      | $2953883.08   | 0.12%             | 2028-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd                         | Eskom Holdings SOC Ltd                                                                                 | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    458000 | PA      | $438535.00    | 0.02%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| ARCIS GOLF LLC                                 | Arcis Golf LLC Term Loan B                                                                             | CUSIP: 000000000<br>LEI: 254900ZMGXNNIX4SXQ48 | Long             | LON              | CORP              | US        |   2009812 | PA      | $2002275.70   | 0.08%             | 2028-11-24      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Tullow Oil PLC                                 | Tullow Oil PLC                                                                                         | CUSIP: 000000000<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |   1020000 | PA      | $724200.00    | 0.03%             | 2025-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NEXSTAR BROADCASTING INC                       | Nexstar Media Inc                                                                                      | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1429020.00   | 0.06%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE CO                               | Noble Finance Co                                                                                       | CUSIP: 65505JAC5<br>LEI: 5493003DTPH8AMMK4P51 | Long             | DBT              | CORP              | KY        |    564689 | PA      | $615149.61    | 0.03%             | 2028-02-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| TE Connectivity Ltd                            | TE Connectivity Ltd                                                                                    | CUSIP: 000000000<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | CH        |     52213 | NS      | $6638882.95   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                                                                    | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    598000 | PA      | $593610.68    | 0.02%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Pretium PKG Holdings, Inc.                     | Pretium PKG Holdings, Inc. 2021 1st Lien Term Loan                                                     | CUSIP: 74142KAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1188000 | PA      | $1042303.68   | 0.04%             | 2028-10-02      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| BANK HAPOALIM                                  | Bank Hapoalim BM                                                                                       | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | DBT              | CORP              | IL        |    820000 | PA      | $720575.00    | 0.03%             | 2032-01-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                 | Trust Fibra Uno                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | MX        |    510000 | PA      | $467631.75    | 0.02%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                           | Taylor Morrison Communities Inc                                                                        | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1301000 | PA      | $1189244.10   | 0.05%             | 2030-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| INTELSAT JACKSON HOLDINGS S A                  | INTELSAT JACKSON HOLDINGS S A                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | LU        |      3728 | NS      | $15378.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                    | Allied Universal Holdco LLC 2021 USD Incremental Term Loan B                                           | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOLD                        | Lions Gate Capital Holdings LLC                                                                        | CUSIP: 53627NAE1<br>LEI: 549300MWJHNLR35C0837 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $1649755.40   | 0.07%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHINA SCE GRP HLDGS LTD                        | China SCE Group Holdings Ltd                                                                           | CUSIP: 000000000<br>LEI: 549300Q8UEI2ERAP6P49 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $99000.00     | 0.00%             | 2026-02-04      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc                         | Advance Auto Parts Inc                                                                                 | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     20862 | NS      | $3176865.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL INT LLC / EMC CORP                        | Dell International LLC / EMC Corp                                                                      | CUSIP: 24703TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2498017.50   | 0.10%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                          | Continental Resources Inc/OK                                                                           | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1306000 | PA      | $1282008.78   | 0.05%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SPCM SA                                        | SPCM SA                                                                                                | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    925000 | PA      | $783373.25    | 0.03%             | 2030-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                       | AES Panama Generation Holdings SRL                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    970000 | PA      | $863481.88    | 0.04%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                                       | CUSIP: 87264AAZ8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1896000 | PA      | $1673542.32   | 0.07%             | 2050-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                         | Spirit AeroSystems Inc                                                                                 | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   6285000 | PA      | $5334142.35   | 0.22%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                       | American Airlines Inc/AAdvantage Loyalty IP Ltd                                                        | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    522000 | PA      | $511925.40    | 0.02%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                              | Imola Merger Corp                                                                                      | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6867000 | PA      | $5976693.45   | 0.25%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                 | Transocean Inc                                                                                         | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    360000 | PA      | $371707.20    | 0.02%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MOTION BONDCO DAC                              | Motion Bondco DAC                                                                                      | CUSIP: 61978XAA5<br>LEI: 635400KFD3IETNQLA755 | Long             | DBT              | CORP              | IE        |   3250000 | PA      | $2938065.00   | 0.12%             | 2027-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                           | Keurig Dr Pepper Inc                                                                                   | CUSIP: 49271VAK6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    308000 | PA      | $249824.96    | 0.01%             | 2050-05-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                                        | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   3064000 | PA      | $2872193.60   | 0.12%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                               | DT Midstream Inc                                                                                       | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4130000 | PA      | $3610363.40   | 0.15%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                          | Freedom Mortgage Corp                                                                                  | CUSIP: 35640YAF4<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   3225000 | PA      | $2838580.50   | 0.12%             | 2026-05-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                                                  | CUSIP: 88033GDP2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   3289000 | PA      | $3194572.81   | 0.13%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                         | US 2YR NOTE (CBT) MAR23                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       380 | NC      | $343798.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clark Equipment Company                        | Clark Equipment Company 2022 Term Loan B                                                               | CUSIP: 18143EAK5<br>LEI: 549300X1FKNY520VPF71 | Long             | LON              | CORP              | US        |    347375 | PA      | $347267.31    | 0.01%             | 2029-04-20      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                | Madison IAQ LLC                                                                                        | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   4294000 | PA      | $3781554.04   | 0.16%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                  | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2595000 | PA      | $2463225.90   | 0.10%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                                         | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    448000 | PA      | $371199.36    | 0.02%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                         | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC                            | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1463000 | PA      | $1211451.78   | 0.05%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PTC Inc                                        | PTC Inc                                                                                                | CUSIP: 69370CAB6<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3836.56      | 0.00%             | 2025-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MERSIN ULUSLARARASI LIMA                       | Mersin Uluslararasi Liman Isletmeciligi AS                                                             | CUSIP: 000000000<br>LEI: 635400DAFN6NT43HM530 | Long             | DBT              | CORP              | TR        |    460000 | PA      | $440823.75    | 0.02%             | 2024-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Vinci SA                                       | Vinci SA                                                                                               | CUSIP: 927320101<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    271546 | NS      | $7668459.04   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                          | Uber Technologies Inc                                                                                  | CUSIP: 90353TAF7<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3248576.00   | 0.14%             | 2025-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                        | Kinder Morgan Energy Partners LP                                                                       | CUSIP: 494550AQ9<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7963970.00   | 0.33%             | 2033-08-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                 | PulteGroup Inc                                                                                         | CUSIP: 745867AM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3452880.00   | 0.14%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                        | Howard Midstream Energy Partners LLC                                                                   | CUSIP: 442722AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1525796.75   | 0.06%             | 2027-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Yum! Brands Inc                                | Yum! Brands Inc                                                                                        | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     60045 | NS      | $7836472.95   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                                           | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   4388000 | PA      | $3884389.24   | 0.16%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                         | US 5YR NOTE (CBT) MAR23                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -23 | NC      | $-36876.19    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                                        | CUSIP: 126650DJ6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   4715000 | PA      | $4417672.10   | 0.18%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                            | Ecuador Government International Bond                                                                  | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     57283 | PA      | $24356.02     | 0.00%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                       | Jefferies Finance LLC / JFIN Co-Issuer Corp                                                            | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3829000 | PA      | $3270195.74   | 0.14%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                       | Suburban Propane Partners LP/Suburban Energy Finance Corp                                              | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2245000 | PA      | $1960019.70   | 0.08%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                  | Boyne USA Inc                                                                                          | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1155723.75   | 0.05%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT                        | Six Flags Entertainment Corp                                                                           | CUSIP: 83001AAC6<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |   1854000 | PA      | $1749860.82   | 0.07%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR HOLDCO GMBH                        | TK Elevator Holdco GmbH                                                                                | CUSIP: 92537VAA8<br>LEI: 2549008GCHWX9EEMIS56 | Long             | DBT              | CORP              | DE        |   4509000 | PA      | $4005344.70   | 0.17%             | 2028-07-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                         | WESCO Distribution Inc                                                                                 | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1473000 | PA      | $1514995.23   | 0.06%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TruGreen Limited Partnership                   | TruGreen Limited Partnership 2020 2nd Lien Term Loan                                                   | CUSIP: 89787RAK8<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |   1750000 | PA      | $1242500.00   | 0.05%             | 2028-11-02      | Floating      | 13.32%                | No            |                  2 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                                                                         | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    183597 | NS      | $4692739.32   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Syncapay Inc                                   | Syncapay Inc Term Loan B                                                                               | CUSIP: 65230LAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2041800 | PA      | $2023934.28   | 0.08%             | 2027-12-10      | Floating      | 11.23%                | No            |                  2 | On Loan: No      |
| Citigroup Inc                                  | Citigroup Inc                                                                                          | CUSIP: 172967GF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1336593.75   | 0.06%             | 2023-05-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                               | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                       | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $635215.00    | 0.03%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| XPO ESCROW SUB LLC                             | XPO Escrow Sub LLC                                                                                     | CUSIP: 98379JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1745000 | PA      | $1793301.60   | 0.08%             | 2027-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LLPL Capital Pte Ltd                           | LLPL Capital Pte Ltd                                                                                   | CUSIP: 000000000<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |    392472 | PA      | $357149.52    | 0.01%             | 2039-02-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                                                   | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2212132.50   | 0.09%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                                               | CUSIP: 00206RJY9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2503367.00   | 0.10%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HLDGS                        | Cumulus Media New Holdings Inc                                                                         | CUSIP: 23110AAA4<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   2421000 | PA      | $2021196.06   | 0.08%             | 2026-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                         | Spirit AeroSystems Inc                                                                                 | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1270701.90   | 0.05%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ASHLAND LLC                                    | Ashland LLC                                                                                            | CUSIP: 04433LAA0<br>LEI: 6O4MRU8C1MS0K34UQF79 | Long             | DBT              | CORP              | US        |   3225000 | PA      | $2676653.25   | 0.11%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                           | WR Grace Holdings LLC                                                                                  | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1545159.35   | 0.06%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                    | Asurion LLC 2020 Term Loan B8                                                                          | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   3258635 | PA      | $3110985.85   | 0.13%             | 2026-12-23      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                                                                         | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     87492 | NS      | $8515596.36   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                           | Bank Leumi Le-Israel BM                                                                                | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    710000 | PA      | $646321.88    | 0.03%             | 2031-01-29      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Pioneer Natural Resources Co                   | Pioneer Natural Resources Co                                                                           | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     39012 | NS      | $8986414.20   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                | Caterpillar Inc                                                                                        | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     32171 | NS      | $8116421.59   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GALAXY PIPELINE ASSETS                         | Galaxy Pipeline Assets Bidco Ltd                                                                       | CUSIP: 000000000<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    920000 | PA      | $725822.50    | 0.03%             | 2040-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                   | ADT Security Corp/The                                                                                  | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   4387000 | PA      | $3905789.97   | 0.16%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA/France                                                                                | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   4695000 | PA      | $3708392.70   | 0.16%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                              | American Builders & Contractors Supply Co Inc                                                          | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2352872.40   | 0.10%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                                 | BorgWarner Inc                                                                                         | CUSIP: 099724AM8<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1985080.00   | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                        | Central China Real Estate Ltd                                                                          | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |    260000 | PA      | $78000.00     | 0.00%             | 2025-07-14      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                                                          | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3432000 | PA      | $3460519.92   | 0.14%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Insulet Corporation                            | Insulet Corporation Term Loan B                                                                        | CUSIP: 45784QAB5<br>LEI: 549300TZTYD2PYN92D43 | Long             | LON              | CORP              | US        |   4604441 | PA      | $4595830.50   | 0.19%             | 2028-05-04      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                  | DISH DBS Corp                                                                                          | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1222198.00   | 0.05%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CMG Media Corporation                          | CMG Media Corporation 2021 Term Loan                                                                   | CUSIP: 88145LAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1164240 | PA      | $1102151.08   | 0.05%             | 2026-12-17      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                       | USA Compression Partners LP / USA Compression Finance Corp                                             | CUSIP: 91740PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4480000 | PA      | $4396358.40   | 0.18%             | 2026-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                       | Adani Electricity Mumbai Ltd                                                                           | CUSIP: 000000000<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    470000 | PA      | $350150.00    | 0.01%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                                                 | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    734000 | PA      | $633375.94    | 0.03%             | 2029-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TECHNIPFMC PLC                                 | TechnipFMC PLC                                                                                         | CUSIP: 87854XAE1<br>LEI: 549300D5I93QWCJTCK36 | Long             | DBT              | CORP              | GB        |   3635000 | PA      | $3612426.65   | 0.15%             | 2026-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ESC CB CHESAPEAKE ENER                         | ESC CB CHESAPEAKE ENER                                                                                 | CUSIP: 165ESCAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $37000.00     | 0.00%             | 2026-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                        | Penske Automotive Group Inc                                                                            | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |   2179000 | PA      | $1851191.24   | 0.08%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| KLA Corp                                       | KLA Corp                                                                                               | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     24511 | NS      | $9620077.28   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GO DADDY OPCO/FINCO                            | Go Daddy Operating Co LLC / GD Finance Co Inc                                                          | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1264075.20   | 0.05%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                       | Shimao Group Holdings Ltd                                                                              | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |    360000 | PA      | $76500.00     | 0.00%             | 2031-01-11      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                      | News Corp                                                                                              | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |   2470000 | PA      | $2212823.60   | 0.09%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                    | BNP Paribas SA                                                                                         | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2054180.00   | 0.09%             | 2029-08-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Electronic Arts Inc                            | Electronic Arts Inc                                                                                    | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     30997 | NS      | $3988693.96   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT BANK OF MOSCOW (C                       | Credit Bank of Moscow Via CBOM Finance PLC                                                             | CUSIP: 000000000<br>LEI: 635400Y22HQLUDCVZX38 | Long             | DBT              | CORP              | IE        |    280000 | PA      | $42000.00     | 0.00%             | 2027-10-05      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group Inc/The                                                                   | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1984020.00   | 0.08%             | 2027-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup Inc                                                                                          | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $932740.00    | 0.04%             | 2025-12-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metinvest BV                                   | Metinvest BV                                                                                           | CUSIP: 000000000<br>LEI: 635400TMCKVEU87EJ582 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $160125.00    | 0.01%             | 2023-04-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| First Brands Group, LLC                        | First Brands Group, LLC 2022 Incremental Term Loan                                                     | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    700000 | PA      | $672000.00    | 0.03%             | 2027-03-30      | Variable      | 10.25%                | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                       | PURCHASED EUR / SOLD USD                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | XX        |         1 | NC      | $12377.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                       | SeaWorld Parks & Entertainment Inc                                                                     | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |   4880000 | PA      | $4429771.20   | 0.19%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tapestry Inc                                   | Tapestry Inc                                                                                           | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |    122710 | NS      | $5591894.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                    | S+P500 EMINI FUT MAR23                                                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       173 | NC      | $796861.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LABL INC                                       | LABL Inc                                                                                               | CUSIP: 50168AAB6<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1696012.50   | 0.07%             | 2026-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                       | PURCHASED USD / SOLD EUR                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-21744.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STERICYCLE INC                                 | Stericycle Inc                                                                                         | CUSIP: 858912AF5<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1932469.50   | 0.08%             | 2024-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNA                       | Scientific Games International Inc                                                                     | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495835.00    | 0.02%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RENT-A-CENTER INC                              | Rent-A-Center Inc/TX                                                                                   | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    850000 | PA      | $722347.00    | 0.03%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                       | Hertz Corporation, (The) 2021 Term Loan C                                                              | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    507443 | PA      | $504789.44    | 0.02%             | 2028-06-30      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| COVANTA HOLDING CORP                           | Covanta Holding Corp                                                                                   | CUSIP: 22282EAJ1<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    670000 | PA      | $571905.30    | 0.02%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                       | Clarios Global LP / Clarios US Finance Co                                                              | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1844468.50   | 0.08%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO                       | Global Infrastructure Solutions Inc                                                                    | CUSIP: 37960XAB3<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1184780.40   | 0.05%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup Inc                                                                                          | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $2849458.50   | 0.12%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| KKR APPLE BIDCO, LLC                           | KKR Apple Bidco, LLC 2021 2nd Lien Term Loan                                                           | CUSIP: 000000000<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |    325000 | PA      | $318500.00    | 0.01%             | 2029-09-21      | Floating      | 10.32%                | No            |                  3 | On Loan: No      |
| BELLIS ACQUISITION CO PL                       | Bellis Acquisition Co PLC                                                                              | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    475000 | PA      | $482701.27    | 0.02%             | 2026-02-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                          | Freedom Mortgage Corp                                                                                  | CUSIP: 35640YAG2<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2172120.30   | 0.09%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund                                                         | CUSIP: 38148U619<br>LEI: 549300BRJMXN4GUWZ402 | Long             | EC               | RF                | US        |  19770249 | NS      | $19770248.69  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CINEMARK HOLDINGS INC                          | Cinemark Holdings Inc                                                                                  | CUSIP: 17243VAB8<br>LEI: 549300LL2QMPTYIE0K55 | Long             | DBT              | CORP              | US        |   2840000 | PA      | $3191592.00   | 0.13%             | 2025-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                             | Ukraine Government International Bond                                                                  | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    220000 | PA      | $50228.75     | 0.00%             | 2025-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                                          | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3151434.00   | 0.13%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                   | UBS Group AG                                                                                           | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4000000 | PA      | $3977760.00   | 0.17%             | 2025-08-07      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LUKOIL SECURITIES BV                           | Lukoil Securities BV                                                                                   | CUSIP: 54988LAB2<br>LEI: 724500IVNQ6LF8OFIO42 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $175156.25    | 0.01%             | 2030-05-06      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY BUYER INC                          | CD&R Smokey Buyer Inc                                                                                  | CUSIP: 12510CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1094000 | PA      | $992553.38    | 0.04%             | 2025-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                 | Lowe's Cos Inc                                                                                         | CUSIP: 548661EH6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   2062000 | PA      | $1912010.12   | 0.08%             | 2032-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GLENCORE FINANCE CANADA                        | Glencore Finance Canada Ltd                                                                            | CUSIP: 98417EAR1<br>LEI: 5493005TTO0UJ33KCK70 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2879070.00   | 0.12%             | 2042-10-25      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                                        | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              |  | US        |   2680000 | PA      | $1888220.80   | 0.08%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                       | Performance Food Group Inc                                                                             | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1109807.50   | 0.05%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| eG Global Finance PLC                          | eG Global Finance PLC                                                                                  | CUSIP: 28228PAA9<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |   3800000 | PA      | $3523930.00   | 0.15%             | 2025-02-07      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New York Times Co/The                          | New York Times Co/The                                                                                  | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     81145 | NS      | $2827091.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                       | Cheniere Energy Partners LP                                                                            | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1689354.00   | 0.07%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                           | Colombia Government International Bond                                                                 | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    360000 | PA      | $356220.00    | 0.01%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                | MV24 Capital BV                                                                                        | CUSIP: 55388RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    291210 | PA      | $276358.29    | 0.01%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust Inc                       | Digital Realty Trust Inc                                                                               | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |     62713 | NS      | $7188164.06   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRISURE LLC / FIN INC                         | Acrisure LLC / Acrisure Finance Inc                                                                    | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2053776.90   | 0.09%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                         | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC                            | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    523000 | PA      | $523020.92    | 0.02%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                                                          | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1652000 | PA      | $1687204.12   | 0.07%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SUMMIT MID HLDS LLC / FI                       | Summit Midstream Holdings LLC / Summit Midstream Finance Corp                                          | CUSIP: 86614WAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3370000 | PA      | $3279717.70   | 0.14%             | 2026-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| APX GROUP INC                                  | APX Group Inc                                                                                          | CUSIP: 00213MAW4<br>LEI: 549300OMQVKPRU98OE64 | Long             | DBT              | CORP              | US        |   4286000 | PA      | $3711933.16   | 0.16%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                       | PURCHASED USD / SOLD EUR                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-9775.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BAT Capital Corp                               | BAT Capital Corp                                                                                       | CUSIP: 05526DBD6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8238300.00   | 0.34%             | 2037-08-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| CHROME HOLDCO                                  | Chrome Holdco SASU                                                                                     | CUSIP: 000000000<br>LEI: 9845000E49865VT3N679 | Long             | DBT              | CORP              | FR        |   2100000 | PA      | $1769496.95   | 0.07%             | 2029-05-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                           | GrubHub Holdings Inc                                                                                   | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3400000 | PA      | $2729384.00   | 0.11%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                           | BWX Technologies Inc                                                                                   | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   1023000 | PA      | $927595.02    | 0.04%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VERISURE MIDHOLDING AB                         | Verisure Midholding AB                                                                                 | CUSIP: 000000000<br>LEI: 549300496LYEZ55X1M49 | Long             | DBT              | CORP              | SE        |   1450000 | PA      | $1301953.83   | 0.05%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                    | Geopark Ltd                                                                                            | CUSIP: 37255BAB5<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $354825.00    | 0.01%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GTC AURORA LUXEM                               | GTC Aurora Luxembourg SA                                                                               | CUSIP: 000000000<br>LEI: 549300UAWIR6P1PVC062 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $202617.64    | 0.01%             | 2026-06-23      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                    | Long: SR219265  IRS USD R F  3.75000 2 CCPOIS / Short: SR219265  IRS USD P V 00MSOFR 1 CCPOIS          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  90780000 | OU      | $4457061.97   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kraft Heinz Co/The                             | Kraft Heinz Co/The                                                                                     | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    161753 | NS      | $6555849.09   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTUSA CORPORATION                            | Virtusa Corporation First Lien Term Loan B                                                             | CUSIP: 92828KAK8<br>LEI: C77OMXDER63WLJCSKT03 | Long             | LON              | CORP              | US        |   1903232 | PA      | $1881230.81   | 0.08%             | 2028-02-11      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                                           | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4078848.00   | 0.17%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PRESIDIO HOLDING INC                           | Presidio Holdings Inc                                                                                  | CUSIP: 74101XAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2095000 | PA      | $2014279.65   | 0.08%             | 2028-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                         | Mexico City Airport Trust                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    320000 | PA      | $258203.20    | 0.01%             | 2046-10-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                                                  | CUSIP: 36168QAF1<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    730000 | PA      | $710355.70    | 0.03%             | 2026-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                                                   | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1602000 | PA      | $1593221.04   | 0.07%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Triumph Group Inc                              | Triumph Group Inc                                                                                      | CUSIP: 896818AP6<br>LEI: 5493007L6S47Q14SL582 | Long             | DBT              | CORP              | US        |   2885000 | PA      | $2454413.75   | 0.10%             | 2025-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BANCO INDUSTRIAL SA                            | Banco Industrial SA/Guatemala                                                                          | CUSIP: 05991CAA1<br>LEI: 529900GF99QF67JEQU85 | Long             | DBT              | CORP              | GT        |    930000 | PA      | $868852.50    | 0.04%             | 2031-01-29      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                       | LCM Investments Holdings II LLC                                                                        | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   3020000 | PA      | $2492224.80   | 0.10%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARD FINANCE SA                                 | ARD Finance SA                                                                                         | CUSIP: 000000000<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |   2648270 | PA      | $2182822.67   | 0.09%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                                            | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   2103000 | PA      | $1687720.59   | 0.07%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CASTLE US HOLDING CORP                         | Castle US Holding Corp                                                                                 | CUSIP: 14852LAA1<br>LEI: 254900VXLMLPIE9ID612 | Long             | DBT              | CORP              | US        |   4104000 | PA      | $1602242.64   | 0.07%             | 2028-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                         | Digicel Group Holdings Ltd                                                                             | CUSIP: 25381YAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    656043 | PA      | $160648.53    | 0.01%             | 2025-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                                           | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   4800000 | PA      | $4814064.00   | 0.20%             | 2029-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                    | BNP Paribas SA                                                                                         | CUSIP: 05565AAR4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2700000 | PA      | $2638710.00   | 0.11%             | 2026-05-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                            | Century Communities Inc                                                                                | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   4550000 | PA      | $3828461.00   | 0.16%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                               | HealthEquity Inc                                                                                       | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |   1058000 | PA      | $946666.66    | 0.04%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                        | Booz Allen Hamilton Inc                                                                                | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   2513000 | PA      | $2269641.08   | 0.09%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                           | Range Resources Corp                                                                                   | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    985000 | PA      | $885849.90    | 0.04%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                         | AthenaHealth Group Inc                                                                                 | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   4765000 | PA      | $3932316.25   | 0.16%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                            | NuStar Logistics LP                                                                                    | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   2569000 | PA      | $2475334.26   | 0.10%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DISCOVER FINANCIAL SVS                         | Discover Financial Services                                                                            | CUSIP: 254709AQ1<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995410.00    | 0.04%             | 2025-06-23      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                            | American Tower Corp                                                                                    | CUSIP: 03027XAU4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   2125000 | PA      | $2000560.00   | 0.08%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                           | Stillwater Mining Co                                                                                   | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185000.00    | 0.01%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                         | VICI Properties LP / VICI Note Co Inc                                                                  | CUSIP: 92564RAG0<br>LEI: N/A                  | Long             | DBT              |  | US        |   1306000 | PA      | $1265514.00   | 0.05%             | 2025-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RegionalCare Hospital Partners Holdings, Inc.  | RegionalCare Hospital Partners Holdings, Inc. 2018 Term Loan B                                         | CUSIP: 75915TAD4<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   3200000 | PA      | $3104896.00   | 0.13%             | 2025-11-16      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners PLC             | Coca-Cola Europacific Partners PLC                                                                     | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |    180643 | NS      | $10155749.46  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ALFA BANK (ALFA BOND)                          | Alfa Bank AO Via Alfa Bond Issuance PLC                                                                | CUSIP: 000000000<br>LEI: 54930015QM0G7XTNYR27 | Long             | DBT              | CORP              | IE        |    360000 | PA      | $0.00         | 0.00%             | 2030-04-15      | Fixed         | 5.95%                 | No            |                  3 | On Loan: No      |
| Healthpeak Properties Inc                      | Healthpeak Properties Inc                                                                              | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               |  | US        |    110028 | NS      | $3023569.44   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMSCOPE INC                                  | CommScope Inc                                                                                          | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1123207.80   | 0.05%             | 2028-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Chesapeake Energy Corp                         | Chesapeake Energy Corp                                                                                 | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      2490 | NS      | $215932.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL CENTRAL COOLING                       | National Central Cooling Co PJSC                                                                       | CUSIP: 000000000<br>LEI: 254900E7M1Y3DXGQ1283 | Long             | DBT              | CORP              | AE        |    820000 | PA      | $739178.75    | 0.03%             | 2027-10-21      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL DE PANAMA                       | Banco Nacional de Panama                                                                               | CUSIP: 000000000<br>LEI: 529900H2Q7WMDKKIW109 | Long             | DBT              | CORP              | PA        |    530000 | PA      | $433805.00    | 0.02%             | 2030-08-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Vertical US Newco Inc                          | Vertical US Newco Inc Term Loan B                                                                      | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |   4664838 | PA      | $4576719.26   | 0.19%             | 2027-07-30      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                       | Petrobras Global Finance BV                                                                            | CUSIP: 71647NBJ7<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    930000 | PA      | $723656.25    | 0.03%             | 2051-06-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                        | LCPR Senior Secured Financing DAC                                                                      | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |   3156000 | PA      | $2775954.48   | 0.12%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                           | Kraft Heinz Foods Co                                                                                   | CUSIP: 50077LAL0<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   2303000 | PA      | $2309471.43   | 0.10%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                 | Eli Lilly & Co                                                                                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     47109 | NS      | $16212562.35  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CP ATLAS BUYER INC                             | CP Atlas Buyer Inc                                                                                     | CUSIP: 12597YAA7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   2160000 | PA      | $1668470.40   | 0.07%             | 2028-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GYP HOLDINGS III CORP                          | GYP Holdings III Corp                                                                                  | CUSIP: 36261NAA5<br>LEI: 549300055I1KJWZH9690 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $976151.60    | 0.04%             | 2029-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                        | Global Aircraft Leasing Co Ltd                                                                         | CUSIP: 37960JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1947294 | PA      | $1785551.76   | 0.07%             | 2024-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                   | Novelis Corp                                                                                           | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2193408.00   | 0.09%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                            | JPMorgan Chase & Co                                                                                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    189670 | NS      | $26546213.20  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                                       | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   7351000 | PA      | $6884064.48   | 0.29%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                         | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2531000 | PA      | $2139241.41   | 0.09%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                        | Sasol Financing USA LLC                                                                                | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    280000 | PA      | $257628.00    | 0.01%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                         | Credit Suisse Group AG                                                                                 | CUSIP: 225401AC2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   1726000 | PA      | $1523298.56   | 0.06%             | 2028-01-09      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                        | KazMunayGas National Co JSC                                                                            | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    970000 | PA      | $736598.60    | 0.03%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                              | CSC Holdings, LLC 2022 Term Loan B6                                                                    | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   1658918 | PA      | $1570796.25   | 0.07%             | 2028-01-17      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                                           | CUSIP: 06738ECA1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   4810000 | PA      | $4851221.70   | 0.20%             | 2033-08-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Energize HoldCo LLC                            | Energize HoldCo LLC 2021 2nd Lien Term Loan                                                            | CUSIP: 29280KAE5<br>LEI: 254900PXZ95ALUX12V67 | Long             | LON              | CORP              | US        |   1250000 | PA      | $1150000.00   | 0.05%             | 2029-12-07      | Floating      | 11.32%                | No            |                  3 | On Loan: No      |
| Metinvest BV                                   | Metinvest BV                                                                                           | CUSIP: 000000000<br>LEI: 635400TMCKVEU87EJ582 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $105500.00    | 0.00%             | 2026-04-23      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MHP SE                                         | MHP SE                                                                                                 | CUSIP: 000000000<br>LEI: 213800D7DXFXGA292757 | Long             | DBT              | CORP              | CY        |    270000 | PA      | $134375.63    | 0.01%             | 2024-05-10      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                                                     | CUSIP: 29273RAF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2985000 | PA      | $3178756.35   | 0.13%             | 2036-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                  | Ingevity Corp                                                                                          | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1148086.80   | 0.05%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF UZBEKIS                       | National Bank of Uzbekistan                                                                            | CUSIP: 000000000<br>LEI: 253400TZJ7T1YULTGN68 | Long             | DBT              | NUSS              | UZ        |    200000 | PA      | $187750.00    | 0.01%             | 2025-10-21      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                            | Buckeye Partners LP                                                                                    | CUSIP: 118230AN1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2037336.00   | 0.09%             | 2024-10-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| ADS Tactical, Inc.                             | ADS Tactical, Inc. 2021 Term Loan B                                                                    | CUSIP: 00737BAD7<br>LEI: 549300N0X4211SRFZV95 | Long             | LON              | CORP              | US        |   3657305 | PA      | $3358612.88   | 0.14%             | 2026-03-19      | Floating      | 10.30%                | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GR/DIAMON                       | Diamond Sports Group LLC / Diamond Sports Finance Co                                                   | CUSIP: 25277LAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3345000 | PA      | $68070.75     | 0.00%             | 2027-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                           | TTM Technologies Inc                                                                                   | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    799000 | PA      | $698046.35    | 0.03%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                        | Bristol-Myers Squibb Co                                                                                | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    293283 | NS      | $21307009.95  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD CHARTERED PLC                         | Standard Chartered PLC                                                                                 | CUSIP: 853254BX7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   4255000 | PA      | $3621217.75   | 0.15%             | 2031-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                             | Ally Financial Inc                                                                                     | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4390320.00   | 0.18%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LOYALTY VENTURES INC                           | Loyalty Ventures Inc Term Loan B                                                                       | CUSIP: 54912FAD2<br>LEI: 549300Q3YKVWNY6JIJ44 | Long             | LON              | CORP              | US        |   2451250 | PA      | $949859.38    | 0.04%             | 2027-11-03      | Floating      | 11.25%                | No            |                  3 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                                                   | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1643000 | PA      | $1309553.15   | 0.05%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Express Co                            | American Express Co                                                                                    | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     51573 | NS      | $9021664.89   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| INTELSAT JACKSON HOLDINGS S A                  | INTELSAT JACKSON HOLDINGS S A                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | LU        |      3728 | NS      | $21745.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                      | Zurich Insurance Group AG                                                                              | CUSIP: 989825104<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |    190163 | NS      | $9402609.54   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Turkey                             | Turkey Government International Bond                                                                   | CUSIP: 900123CQ1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    260000 | PA      | $229125.00    | 0.01%             | 2028-10-24      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BLACK SEA TRADE AND DEVE                       | Black Sea Trade & Development Bank                                                                     | CUSIP: 000000000<br>LEI: 529900J7FSFACAGZ5042 | Long             | DBT              | NUSS              | XX        |    270000 | PA      | $245565.00    | 0.01%             | 2024-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                              | Expedia Group Inc                                                                                      | CUSIP: 30212PBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1359722.16   | 0.06%             | 2027-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Alternative Note Asset           | Merrill Lynch Alternative Note Asset Trust Series 2007-OAR3                                            | CUSIP: 59024JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127692 | PA      | $110415.69    | 0.00%             | 2047-07-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Fastenal Co                                    | Fastenal Co                                                                                            | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    181494 | NS      | $9174521.70   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| OEConnection LLC                               | OEConnection LLC 2019 Term Loan B                                                                      | CUSIP: 67613NAH0<br>LEI: 5493008MJ5H6VV3E2654 | Long             | LON              | CORP              | US        |   2525430 | PA      | $2455980.71   | 0.10%             | 2026-09-25      | Variable      | 8.65%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L                       | EQM Midstream Partners LP                                                                              | CUSIP: 26885BAM2<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |   2305000 | PA      | $2311361.80   | 0.10%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                              | EURO-BUND FUTURE MAR23                                                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -32 | NC      | $148793.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                 | Eaton Corp PLC                                                                                         | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     94186 | NS      | $15277911.06  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                            | Gilead Sciences Inc                                                                                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    111035 | NS      | $9320277.90   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| GNL Quintero SA                                | GNL Quintero SA                                                                                        | CUSIP: 000000000<br>LEI: 549300JJJIQXE6E1QY27 | Long             | DBT              | CORP              | CL        |    206496 | PA      | $202107.96    | 0.01%             | 2029-07-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                                 | Bombardier Inc                                                                                         | CUSIP: 097751BM2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    998000 | PA      | $998878.24    | 0.04%             | 2025-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                           | Chart Industries Inc                                                                                   | CUSIP: 000000000<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   1735000 | PA      | $1772337.20   | 0.07%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                            | Senegal Government International Bond                                                                  | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    350000 | PA      | $302750.00    | 0.01%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                    | Long: SR219269  IRS USD R F  3.25000 2 CCPOIS / Short: SR219269  IRS USD P V 00MSOFR 1 CCPOIS          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | GB        |   6310000 | OU      | $386132.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                                 | ConocoPhillips                                                                                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    136159 | NS      | $16593697.33  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                                                              | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2122940.00   | 0.09%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** GOLDMAN SACHS TRUST

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President