# EDGAR Filing Document

**Accession Number:** 0001676326
**File Stem:** 0002071691-26-011933
**Filing Date:** 2026-5
**Character Count:** 132765
**Document Hash:** f7cadb2fc77521f289131b49cfb67590
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-011933.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0002071691-26-011933

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley ETF Trust
- **CENTRAL INDEX KEY:** 0001676326

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23820
- **FILM NUMBER:** 261022381

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212.296.1404

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

## Series and Classes Contracts Data

### Eaton Vance High Yield ETF (Series ID: S000082246)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000245530 | Eaton Vance High Yield ETF | EVHY            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Morgan Stanley ETF Trust

- **b. Investment Company Act file number:** 811-23820

- **c. CIK number of Registrant:** 0001676326

- **d. LEI of Registrant:** 549300HASXQLXGOR9H31

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

  - **Street Address 1:** 1585 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 800-548-7786

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

- **a. Name of Series:** Eaton Vance High Yield ETF

- **b. EDGAR series identifier (if any):** S000082246

- **c. LEI of Series:** 25490092F7UI2XO21N32

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $36092400.16

**Total Liabilities:** $2431633.95

**Net Assets:** $33660766.21

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 10.68331000 | **1-Year:** 66.02526500 | **5-Year:** 223.16933600 | **10-Year:** 59.81095500 | **30-Year:** 73.64642800

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

- **3-Month:** 47.13480100 | **1-Year:** 2439.06446100 | **5-Year:** 6403.29945700 | **10-Year:** 988.25931900 | **30-Year:** 81.13516000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245530 | 0.32%                | 0.22%                | -1.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17986.27                | $-99446.67                                 |
| Month 2  | $16362.80                | $-95549.84                                 |
| Month 3  | $2045.22                 | $-598836.85                                |

**Designated Index Information**

- **Index Name:** ICE BofA US High Yield BB-B

- **Index Identifier:** MLUSHYBB

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bombardier, Inc.                               | Bombardier, Inc.                                                                          | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     96000 | PA      | $100720.03    | 0.30%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                         | Sonic Automotive, Inc.                                                                    | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    184000 | PA      | $178481.58    | 0.53%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Diebold Nixdorf, Inc.                          | Diebold Nixdorf, Inc.                                                                     | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    169000 | PA      | $176155.12    | 0.52%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.          | Clydesdale Acquisition Holdings, Inc.                                                     | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    224000 | PA      | $209205.67    | 0.62%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: —       |
| Standard Industries, Inc.                      | Standard Industries, Inc.                                                                 | CUSIP: 853496AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    238000 | PA      | $224475.63    | 0.67%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Discovery Communications LLC                   | Discovery Communications LLC                                                              | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     26000 | PA      | $24205.36     | 0.07%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Discovery Global Holdings, Inc.                | Discovery Global Holdings, Inc.                                                           | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     17000 | PA      | $11242.20     | 0.03%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Performance Food Group, Inc.                   | Performance Food Group, Inc.                                                              | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    205000 | PA      | $197082.78    | 0.59%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                        | Molina Healthcare, Inc.                                                                   | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    129000 | PA      | $115420.79    | 0.34%             | 2030-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Clean Harbors, Inc.                            | Clean Harbors, Inc.                                                                       | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66057.59     | 0.20%             | 2031-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                    | McGraw-Hill Education, Inc.                                                               | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30645.21     | 0.09%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating LLC                | Permian Resources Operating LLC                                                           | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40773.04     | 0.12%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Insight Enterprises, Inc.                      | Insight Enterprises, Inc.                                                                 | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    116000 | PA      | $112058.80    | 0.33%             | 2032-05-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| JH North America Holdings, Inc.                | JH North America Holdings, Inc.                                                           | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     76000 | PA      | $75819.48     | 0.23%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Asbury Automotive Group, Inc.                  | Asbury Automotive Group, Inc.                                                             | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    149000 | PA      | $144136.70    | 0.43%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings LLC                       | Celanese US Holdings LLC                                                                  | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25634.73     | 0.08%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                    | Crescent Energy Finance LLC                                                               | CUSIP: 45344LAJ2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     31000 | PA      | $33343.60     | 0.10%             | 2030-10-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                       | Venture Global LNG, Inc.                                                                  | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     32000 | PA      | $34383.30     | 0.10%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                       | Group 1 Automotive, Inc.                                                                  | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     89000 | PA      | $89656.20     | 0.27%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Builders FirstSource, Inc.                     | Builders FirstSource, Inc.                                                                | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    171000 | PA      | $166662.79    | 0.50%             | 2030-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP      | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31597.38     | 0.09%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: —       |
| Wrangler Holdco Corp.                          | Wrangler Holdco Corp.                                                                     | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $154556.43    | 0.46%             | 2032-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                         | Tenet Healthcare Corp.                                                                    | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     77000 | PA      | $76971.60     | 0.23%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Big River Steel LLC                            | Big River Steel LLC                                                                       | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54917.82     | 0.16%             | 2029-01-31      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| NCL Finance Ltd.                               | NCL Finance Ltd.                                                                          | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    115000 | PA      | $116045.01    | 0.34%             | 2028-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Discovery Communications LLC                   | Discovery Communications LLC                                                              | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15462.81     | 0.05%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| WESCO Distribution, Inc.                       | WESCO Distribution, Inc.                                                                  | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33817.74     | 0.10%             | 2032-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| AmeriTex HoldCo Intermediate LLC               | AmeriTex HoldCo Intermediate LLC                                                          | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     86000 | PA      | $88848.92     | 0.26%             | 2033-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                            | Post Holdings, Inc.                                                                       | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    156000 | PA      | $157807.88    | 0.47%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                     | Cloud Software Group, Inc.                                                                | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    129000 | PA      | $125975.63    | 0.37%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15177.77     | 0.05%             | 2034-01-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| Smyrna Ready Mix Concrete LLC                  | Smyrna Ready Mix Concrete LLC                                                             | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    172000 | PA      | $170810.33    | 0.51%             | 2028-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| US Foods, Inc.                                 | US Foods, Inc.                                                                            | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    103000 | PA      | $101705.22    | 0.30%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| WULF Compute LLC                               | WULF Compute LLC                                                                          | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    172000 | PA      | $181858.18    | 0.54%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83000 | PA      | $78808.85     | 0.23%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Valvoline, Inc.                                | Valvoline, Inc.                                                                           | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |    112000 | PA      | $101301.22    | 0.30%             | 2031-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Belron UK Finance plc                          | Belron UK Finance plc                                                                     | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    255000 | PA      | $256776.08    | 0.76%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Asurion LLC                                    | Asurion LLC                                                                               | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43720.76     | 0.13%             | 2034-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Artera Services LLC                            | Artera Services LLC                                                                       | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51427.60     | 0.15%             | 2031-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Edgewell Personal Care Co.                     | Edgewell Personal Care Co.                                                                | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189067.56    | 0.56%             | 2029-04-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Lithia Motors, Inc.                            | Lithia Motors, Inc.                                                                       | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    301000 | PA      | $286070.01    | 0.85%             | 2029-06-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Voyager Parent LLC                             | Voyager Parent LLC                                                                        | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192185.22    | 0.57%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Asurion LLC                                    | Asurion LLC                                                                               | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176508.96    | 0.52%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                        | Quikrete Holdings, Inc.                                                                   | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142065.42    | 0.42%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP      | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31712.82     | 0.09%             | 2033-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Somnigroup International, Inc.                 | Somnigroup International, Inc.                                                            | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    120000 | PA      | $109201.03    | 0.32%             | 2031-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| DISH Network Corp.                             | DISH Network Corp.                                                                        | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |     74000 | PA      | $76278.46     | 0.23%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                        | Bath & Body Works, Inc.                                                                   | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38403.26     | 0.11%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| LifePoint Health, Inc.                         | LifePoint Health, Inc.                                                                    | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    171000 | PA      | $181048.30    | 0.54%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| WESCO Distribution, Inc.                       | WESCO Distribution, Inc.                                                                  | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     97000 | PA      | $98903.33     | 0.29%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Uniti Services LLC                             | Uniti Services LLC                                                                        | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    263000 | PA      | $273616.43    | 0.81%             | 2033-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    176000 | PA      | $162051.84    | 0.48%             | 2032-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Eldorado Gold Corp.                            | Eldorado Gold Corp.                                                                       | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |    186000 | PA      | $185125.84    | 0.55%             | 2029-09-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Windstream Services LLC                        | Windstream Services LLC                                                                   | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $8366.70      | 0.02%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Panther Escrow Issuer LLC                      | Panther Escrow Issuer LLC                                                                 | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $326255.80    | 0.97%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| NESCO Holdings II, Inc.                        | NESCO Holdings II, Inc.                                                                   | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    273000 | PA      | $267240.57    | 0.79%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Toucan FinCo Ltd.                              | Toucan FinCo Ltd.                                                                         | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $132648.63    | 0.39%             | 2030-05-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| Encompass Health Corp.                         | Encompass Health Corp.                                                                    | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    131000 | PA      | $128246.13    | 0.38%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                              | Clarios Global LP                                                                         | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $105906.15    | 0.31%             | 2032-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Commercial Metals Co.                          | Commercial Metals Co.                                                                     | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24760.54     | 0.07%             | 2033-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC                  | United Wholesale Mortgage LLC                                                             | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28107.93     | 0.08%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| Snap, Inc.                                     | Snap, Inc.                                                                                | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     78000 | PA      | $73717.04     | 0.22%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                         | Tenet Healthcare Corp.                                                                    | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84243.55     | 0.25%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Acushnet Co.                                   | Acushnet Co.                                                                              | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    116000 | PA      | $115392.38    | 0.34%             | 2033-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| NGL Energy Operating LLC                       | NGL Energy Operating LLC                                                                  | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133000 | PA      | $137159.44    | 0.41%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: —       |
| Yum! Brands, Inc.                              | Yum! Brands, Inc.                                                                         | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    172000 | PA      | $158989.67    | 0.47%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                      | Sunoco LP                                                                                 | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250337.57    | 0.74%             | 2030-09-18      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BellRing Brands, Inc.                          | BellRing Brands, Inc.                                                                     | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |    116000 | PA      | $116115.42    | 0.34%             | 2030-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| DBR Land Holdings LLC                          | DBR Land Holdings LLC                                                                     | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70918.40     | 0.21%             | 2030-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Jones Deslauriers Insurance Management, Inc.   | Jones Deslauriers Insurance Management, Inc.                                              | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    206000 | PA      | $209559.27    | 0.62%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| Reworld Holding Corp.                          | Reworld Holding Corp.                                                                     | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    115000 | PA      | $107917.25    | 0.32%             | 2029-12-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $11857.10     | 0.04%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Viking Baked Goods Acquisition Corp.           | Viking Baked Goods Acquisition Corp.                                                      | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |     34000 | PA      | $33728.48     | 0.10%             | 2031-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Prestige Brands, Inc.                          | Prestige Brands, Inc.                                                                     | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    125000 | PA      | $114658.68    | 0.34%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                          | Albertsons Cos., Inc.                                                                     | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    237000 | PA      | $232133.57    | 0.69%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Communities, Inc.              | Taylor Morrison Communities, Inc.                                                         | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84173.46     | 0.25%             | 2032-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Team Health Holdings, Inc.                     | Team Health Holdings, Inc.                                                                | CUSIP: 87817AAB3<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |    163344 | PA      | $169172.93    | 0.50%             | 2028-06-30      | Fixed         | 13.50%                | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.                 | Univision Communications, Inc.                                                            | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30169.65     | 0.09%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Patrick Industries, Inc.                       | Patrick Industries, Inc.                                                                  | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |     64000 | PA      | $64083.90     | 0.19%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.           | Clear Channel Outdoor Holdings, Inc.                                                      | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130901.00    | 0.39%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental Holdings US, Inc.            | GFL Environmental Holdings US, Inc.                                                       | CUSIP: 36273TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98204.59     | 0.29%             | 2034-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating LLC           | Charter Communications Operating LLC                                                      | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $46463.45     | 0.14%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Kinetik Holdings LP                            | Kinetik Holdings LP                                                                       | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    113000 | PA      | $113481.83    | 0.34%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                | Sinclair Television Group, Inc.                                                           | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     72000 | PA      | $73260.00     | 0.22%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Rivers Enterprise Borrower LLC                 | Rivers Enterprise Borrower LLC                                                            | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74854.59     | 0.22%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                     | Avis Budget Car Rental LLC                                                                | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39816.28     | 0.12%             | 2032-06-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: —       |
| Bombardier, Inc.                               | Bombardier, Inc.                                                                          | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     52000 | PA      | $55369.18     | 0.16%             | 2030-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                        | Bath & Body Works, Inc.                                                                   | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     93000 | PA      | $91588.42     | 0.27%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Azorra Finance Ltd.                            | Azorra Finance Ltd.                                                                       | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |     47000 | PA      | $47497.03     | 0.14%             | 2031-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Herc Holdings, Inc.                            | Herc Holdings, Inc.                                                                       | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35895.72     | 0.11%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| UWM Holdings LLC                               | UWM Holdings LLC                                                                          | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $26433.87     | 0.08%             | 2030-02-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Avient Corp.                                   | Avient Corp.                                                                              | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60469.44     | 0.18%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55762.03     | 0.17%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Allied Universal Holdco LLC                    | Allied Universal Holdco LLC                                                               | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67072.53     | 0.20%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| WBI Operating LLC                              | WBI Operating LLC                                                                         | CUSIP: 92944BAB7<br>LEI: 254900POBWB4RX0ODY78 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44687.48     | 0.13%             | 2033-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                          | Albertsons Cos., Inc.                                                                     | CUSIP: 01309QAE8<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142873.01    | 0.42%             | 2032-03-31      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                         | Cleveland-Cliffs, Inc.                                                                    | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    101000 | PA      | $98888.10     | 0.29%             | 2033-05-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP      | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 98379YAA0<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165345.92    | 0.49%             | 2034-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Arsenal AIC Parent LLC                         | Arsenal AIC Parent LLC                                                                    | CUSIP: 04288BAC4<br>LEI: 254900G9F9HA5EP57J39 | Long             | DBT              | CORP              | US        |     75000 | PA      | $81131.40     | 0.24%             | 2031-10-01      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| Imola Merger Corp.                             | Imola Merger Corp.                                                                        | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    184000 | PA      | $178958.16    | 0.53%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                       | Venture Global LNG, Inc.                                                                  | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     57000 | PA      | $56819.38     | 0.17%             | 2029-09-30      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100878.72    | 0.30%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| Phoenix Aviation Capital Ltd.                  | Phoenix Aviation Capital Ltd.                                                             | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    201000 | PA      | $202478.36    | 0.60%             | 2030-07-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: —       |
| Ferrellgas LP                                  | Ferrellgas LP                                                                             | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    104000 | PA      | $99500.20     | 0.30%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Virgin Media Secured Finance plc               | Virgin Media Secured Finance plc                                                          | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $355051.44    | 1.05%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.           | Clear Channel Outdoor Holdings, Inc.                                                      | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10597.43     | 0.03%             | 2033-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                                                               | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    109000 | PA      | $104893.97    | 0.31%             | 2029-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                         | Tenet Healthcare Corp.                                                                    | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14537.50     | 0.04%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $15384.35     | 0.05%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Synergy Infrastructure Holdings LLC            | Synergy Infrastructure Holdings LLC                                                       | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $173709.91    | 0.52%             | 2030-12-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| CI Financial Corp.                             | CI Financial Corp.                                                                        | CUSIP: 125491AP5<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $33195.50     | 0.10%             | 2051-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                                                               | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39566.32     | 0.12%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Moog, Inc.                                     | Moog, Inc.                                                                                | CUSIP: 615394AP8<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45253.87     | 0.13%             | 2034-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Focus Financial Partners LLC                   | Focus Financial Partners LLC                                                              | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    216000 | PA      | $214724.83    | 0.64%             | 2031-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                    | IQVIA, Inc.                                                                               | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    201000 | PA      | $204364.94    | 0.61%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Avient Corp.                                   | Avient Corp.                                                                              | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    242000 | PA      | $246073.34    | 0.73%             | 2030-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    168000 | PA      | $170249.52    | 0.51%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding, Inc.                          | Avantor Funding, Inc.                                                                     | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    239000 | PA      | $233410.61    | 0.69%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV                                            | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    223000 | PA      | $165576.63    | 0.49%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                    | Crescent Energy Finance LLC                                                               | CUSIP: 516806AK2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2044.79      | 0.01%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.                 | Univision Communications, Inc.                                                            | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     39000 | PA      | $40223.05     | 0.12%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| TKC Holdings, Inc.                             | TKC Holdings, Inc.                                                                        | CUSIP: 87256YAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $105949.73    | 0.31%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Masterbrand, Inc.                              | Masterbrand, Inc.                                                                         | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    132000 | PA      | $129077.96    | 0.38%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| Axon Enterprise, Inc.                          | Axon Enterprise, Inc.                                                                     | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71333.22     | 0.21%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Wand NewCo 3, Inc.                             | Wand NewCo 3, Inc.                                                                        | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    149000 | PA      | $152431.76    | 0.45%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| UWM Holdings LLC                               | UWM Holdings LLC                                                                          | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91000 | PA      | $82948.82     | 0.25%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Versant Media Group, Inc.                      | Versant Media Group, Inc.                                                                 | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |    138000 | PA      | $141342.50    | 0.42%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Discovery Global Holdings, Inc.                | Discovery Global Holdings, Inc.                                                           | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     52000 | PA      | $46085.00     | 0.14%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                      | Stonepeak Nile Parent LLC                                                                 | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |     48000 | PA      | $50064.10     | 0.15%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response, Inc.                  | Global Medical Response, Inc.                                                             | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |     51000 | PA      | $53004.05     | 0.16%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                    | Beach Acquisition Bidco LLC                                                               | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    476214 | PA      | $507521.41    | 1.51%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Darling Ingredients, Inc.                      | Darling Ingredients, Inc.                                                                 | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141091.02    | 0.42%             | 2030-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                      | Sunoco LP                                                                                 | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69276.47     | 0.21%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Calderys Financing LLC                         | Calderys Financing LLC                                                                    | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    101000 | PA      | $104543.59    | 0.31%             | 2028-06-01      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| Mohegan Tribal Gaming Authority                | Mohegan Tribal Gaming Authority                                                           | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    177000 | PA      | $181320.57    | 0.54%             | 2030-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Transocean International Ltd.                  | Transocean International Ltd.                                                             | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     84000 | PA      | $89811.96     | 0.27%             | 2032-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| RB Global Holdings, Inc.                       | RB Global Holdings, Inc.                                                                  | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |     66000 | PA      | $68445.37     | 0.20%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Clarivate Science Holdings Corp.               | Clarivate Science Holdings Corp.                                                          | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     76000 | PA      | $66037.24     | 0.20%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                      | Sunoco LP                                                                                 | CUSIP: 86765KAK5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144455.85    | 0.43%             | 2030-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| US Acute Care Solutions LLC                    | US Acute Care Solutions LLC                                                               | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     86000 | PA      | $83187.66     | 0.25%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                     | Cloud Software Group, Inc.                                                                | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    166000 | PA      | $160294.35    | 0.48%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| TEAM Services Holding, Inc.                    | TEAM Services Holding, Inc.                                                               | CUSIP: 87821TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49064.74     | 0.15%             | 2033-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                        | SS&C Technologies, Inc.                                                                   | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67095.34     | 0.20%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                              | Clarios Global LP                                                                         | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    145000 | PA      | $148364.73    | 0.44%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Hudbay Minerals, Inc.                          | Hudbay Minerals, Inc.                                                                     | CUSIP: 443628AJ1<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |     69000 | PA      | $69000.00     | 0.20%             | 2026-04-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: —       |
| Rocket Mortgage LLC                            | Rocket Mortgage LLC                                                                       | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $161086.44    | 0.48%             | 2029-03-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                        | Level 3 Financing, Inc.                                                                   | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     18333 | PA      | $18779.15     | 0.06%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Archrock Services LP                           | Archrock Services LP                                                                      | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29724.24     | 0.09%             | 2034-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.      | Seagate Data Storage Technology Pte. Ltd.                                                 | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     80000 | PA      | $88982.64     | 0.26%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                      | Michaels Cos., Inc. (The)                                                                 | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136436.86    | 0.41%             | 2033-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Arcosa, Inc.                                   | Arcosa, Inc.                                                                              | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     92000 | PA      | $94338.00     | 0.28%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                           | CP Atlas Buyer, Inc.                                                                      | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    216000 | PA      | $202771.75    | 0.60%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: —       |
| Celanese US Holdings LLC                       | Celanese US Holdings LLC                                                                  | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    198000 | PA      | $211400.84    | 0.63%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| Commercial Metals Co.                          | Commercial Metals Co.                                                                     | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     63000 | PA      | $62173.16     | 0.18%             | 2035-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Science Applications International Corp.       | Science Applications International Corp.                                                  | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39077.14     | 0.12%             | 2033-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Option Care Health, Inc.                       | Option Care Health, Inc.                                                                  | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    188000 | PA      | $181315.30    | 0.54%             | 2029-10-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| OAK-Eagle Acquireco, Inc.                      | OAK-Eagle Acquireco, Inc.                                                                 | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    161000 | PA      | $168655.01    | 0.50%             | 2034-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     52000 | PA      | $51124.27     | 0.15%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| Stonebriar ABF Issuer LLC                      | Stonebriar ABF Issuer LLC                                                                 | CUSIP: 86177CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     99000 | PA      | $102396.39    | 0.30%             | 2030-12-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: —       |
| Matador Resources Co.                          | Matador Resources Co.                                                                     | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67778.54     | 0.20%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Holdings, Inc.                 | United Airlines Holdings, Inc.                                                            | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29417.00     | 0.09%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Block, Inc.                                    | Block, Inc.                                                                               | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     52000 | PA      | $51194.70     | 0.15%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| LCM Investments Holdings II LLC                | LCM Investments Holdings II LLC                                                           | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    236000 | PA      | $229795.88    | 0.68%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Cipher Compute LLC                             | Cipher Compute LLC                                                                        | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $88168.72     | 0.26%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: —       |
| Clear Channel Outdoor Holdings, Inc.           | Clear Channel Outdoor Holdings, Inc.                                                      | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26207.76     | 0.08%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34702.57     | 0.10%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Outfront Media Capital LLC                     | Outfront Media Capital LLC                                                                | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    144000 | PA      | $139021.34    | 0.41%             | 2030-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Aethon United BR LP                            | Aethon United BR LP                                                                       | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62613.00     | 0.19%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Weatherford International Ltd.                 | Weatherford International Ltd.                                                            | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     30000 | PA      | $30672.57     | 0.09%             | 2033-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Windsor Holdings III LLC                       | Windsor Holdings III LLC                                                                  | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    156000 | PA      | $161790.88    | 0.48%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Endo Finance Holdings LP                       | Endo Finance Holdings LP                                                                  | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     99000 | PA      | $103737.05    | 0.31%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| Alliant Holdings Intermediate LLC              | Alliant Holdings Intermediate LLC                                                         | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    162000 | PA      | $163461.58    | 0.49%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    143000 | PA      | $143530.39    | 0.43%             | 2029-09-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                       | Venture Global LNG, Inc.                                                                  | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    101000 | PA      | $105090.03    | 0.31%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                 | National Mentor Holdings, Inc.                                                            | CUSIP: 63688RAF4<br>LEI: 5493004QULJVJP3CNZ62 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87800.50     | 0.26%             | 2030-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                       | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    954258 | NS      | $954257.87    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise, Inc.                          | Axon Enterprise, Inc.                                                                     | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40863.64     | 0.12%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                       | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   1771220 | NS      | $1771220.00   | 5.26%             |  |  |  | No            |                  1 | On Loan: No      |
| EMRLD Borrower LP                              | EMRLD Borrower LP                                                                         | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    154000 | PA      | $156819.59    | 0.47%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC              | Alliant Holdings Intermediate LLC                                                         | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     67000 | PA      | $65874.24     | 0.20%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Shift4 Payments LLC                            | Shift4 Payments LLC                                                                       | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     67000 | PA      | $65964.18     | 0.20%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                               | CCO Holdings LLC                                                                          | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $121562.82    | 0.36%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.      | Seagate Data Storage Technology Pte. Ltd.                                                 | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     84000 | PA      | $88270.81     | 0.26%             | 2029-12-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Matador Resources Co.                          | Matador Resources Co.                                                                     | CUSIP: 576485AJ5<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39771.49     | 0.12%             | 2034-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| VistaJet Malta Finance plc                     | VistaJet Malta Finance plc                                                                | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $16622.38     | 0.05%             | 2028-06-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings, Inc.                            | Herc Holdings, Inc.                                                                       | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97477.98     | 0.29%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    132000 | PA      | $130295.14    | 0.39%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Pilgrim's Pride Corp.                          | Pilgrim's Pride Corp.                                                                     | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    214000 | PA      | $194464.84    | 0.58%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline LP                | Plains All American Pipeline LP, Series B                                                 | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |     91000 | PA      | $90833.45     | 0.27%             | 2174-11-15      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| Discovery Global Holdings, Inc.                | Discovery Global Holdings, Inc.                                                           | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12585.63     | 0.04%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: —       |
| Charter Communications Operating LLC           | Charter Communications Operating LLC                                                      | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $35046.83     | 0.10%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| JB Poindexter & Co., Inc.                      | JB Poindexter & Co., Inc.                                                                 | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     56000 | PA      | $56829.92     | 0.17%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings, Inc.                            | Herc Holdings, Inc.                                                                       | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50274.12     | 0.15%             | 2031-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Asbury Automotive Group, Inc.                  | Asbury Automotive Group, Inc.                                                             | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13270.70     | 0.04%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| OAK-Eagle Acquireco, Inc.                      | OAK-Eagle Acquireco, Inc.                                                                 | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    214000 | PA      | $221863.31    | 0.66%             | 2033-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                    | Allied Universal Holdco LLC                                                               | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30433.56     | 0.09%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                        | Quikrete Holdings, Inc.                                                                   | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    126000 | PA      | $128068.29    | 0.38%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| New Flyer Holdings, Inc.                       | New Flyer Holdings, Inc.                                                                  | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     79000 | PA      | $84502.81     | 0.25%             | 2030-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| AmWINS Group, Inc.                             | AmWINS Group, Inc.                                                                        | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100641.60    | 0.30%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp.                                 | Carnival Corp.                                                                            | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    156000 | PA      | $156144.27    | 0.46%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                         | Neptune Bidco US, Inc.                                                                    | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35125.93     | 0.10%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| Superior Plus LP                               | Superior Plus LP                                                                          | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    257000 | PA      | $245860.34    | 0.73%             | 2029-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                         | HUB International Ltd.                                                                    | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    179000 | PA      | $183471.24    | 0.55%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64496.35     | 0.19%             | 2031-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                                 | EchoStar Corp.                                                                            | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     69000 | PA      | $74579.74     | 0.22%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Concentra Health Services, Inc.                | Concentra Health Services, Inc.                                                           | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    152000 | PA      | $157337.33    | 0.47%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: —       |
| HealthEquity, Inc.                             | HealthEquity, Inc.                                                                        | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    245000 | PA      | $237340.54    | 0.71%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Pattern Energy Operations LP                   | Pattern Energy Operations LP                                                              | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    169000 | PA      | $165121.33    | 0.49%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                   | Performance Food Group, Inc.                                                              | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    111000 | PA      | $111343.77    | 0.33%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Chart Industries, Inc.                         | Chart Industries, Inc.                                                                    | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    117000 | PA      | $122988.06    | 0.37%             | 2031-01-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Amneal Pharmaceuticals LLC                     | Amneal Pharmaceuticals LLC                                                                | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    188000 | PA      | $193771.22    | 0.58%             | 2032-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                         | Cleveland-Cliffs, Inc.                                                                    | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164733.11    | 0.49%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| WESCO Distribution, Inc.                       | WESCO Distribution, Inc.                                                                  | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32613.09     | 0.10%             | 2029-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Compass Group Diversified Holdings LLC         | Compass Group Diversified Holdings LLC                                                    | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    102937 | PA      | $95844.51     | 0.28%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Standard Industries, Inc.                      | Standard Industries, Inc.                                                                 | CUSIP: 853496AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $67275.49     | 0.20%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                      | Sunoco LP                                                                                 | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    161000 | PA      | $155303.63    | 0.46%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.          | Clydesdale Acquisition Holdings, Inc.                                                     | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    109000 | PA      | $103259.36    | 0.31%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Block, Inc.                                    | Block, Inc.                                                                               | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    188000 | PA      | $187067.35    | 0.56%             | 2030-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| WESCO Distribution, Inc.                       | WESCO Distribution, Inc.                                                                  | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24913.27     | 0.07%             | 2031-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Olympus Water US Holding Corp.                 | Olympus Water US Holding Corp.                                                            | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190997.24    | 0.57%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                  | TerraForm Power Operating LLC                                                             | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    101000 | PA      | $96788.22     | 0.29%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Esab Corp.                                     | Esab Corp.                                                                                | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    154000 | PA      | $156486.95    | 0.46%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TopBuild Corp.                                 | TopBuild Corp.                                                                            | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    307000 | PA      | $283329.07    | 0.84%             | 2032-02-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Ferrellgas LP                                  | Ferrellgas LP                                                                             | CUSIP: 315292AU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $26063.88     | 0.08%             | 2031-01-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                  | Clearway Energy Operating LLC                                                             | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     27000 | PA      | $25015.47     | 0.07%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Cougar JV Subsidiary LLC                       | Cougar JV Subsidiary LLC                                                                  | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     69000 | PA      | $71395.61     | 0.21%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Transocean International Ltd.                  | Transocean International Ltd.                                                             | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     46200 | PA      | $48191.82     | 0.14%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media, Inc.                            | Nexstar Media, Inc.                                                                       | CUSIP: 65346UAA7<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90363.30     | 0.27%             | 2034-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Compass Minerals International, Inc.           | Compass Minerals International, Inc.                                                      | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    176000 | PA      | $182259.62    | 0.54%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| Park River Holdings, Inc.                      | Park River Holdings, Inc.                                                                 | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114556.35    | 0.34%             | 2031-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                  | TerraForm Power Operating LLC                                                             | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88065.06     | 0.26%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating LLC                | Permian Resources Operating LLC                                                           | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145251.00    | 0.43%             | 2029-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| LBM Acquisition LLC                            | LBM Acquisition LLC                                                                       | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    153000 | PA      | $133369.58    | 0.40%             | 2031-06-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62214.69     | 0.18%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                      | Vistra Operations Co. LLC                                                                 | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    136000 | PA      | $135583.99    | 0.40%             | 2027-07-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings, Inc.                            | Herc Holdings, Inc.                                                                       | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14516.76     | 0.04%             | 2034-03-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| SM Energy Co.                                  | SM Energy Co.                                                                             | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45983.21     | 0.14%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                       | Venture Global LNG, Inc.                                                                  | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     63000 | PA      | $68153.36     | 0.20%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Stagwell Global LLC                            | Stagwell Global LLC                                                                       | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |     63000 | PA      | $60033.17     | 0.18%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                         | Tenet Healthcare Corp.                                                                    | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84274.67     | 0.25%             | 2032-11-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Cushman & Wakefield US Borrower LLC            | Cushman & Wakefield US Borrower LLC                                                       | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    137000 | PA      | $137290.96    | 0.41%             | 2028-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                         | Tenet Healthcare Corp.                                                                    | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     58000 | PA      | $58732.89     | 0.17%             | 2033-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| Specialty Building Products Holdings LLC       | Specialty Building Products Holdings LLC                                                  | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     68000 | PA      | $59101.25     | 0.18%             | 2029-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Builders FirstSource, Inc.                     | Builders FirstSource, Inc.                                                                | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    313000 | PA      | $288539.80    | 0.86%             | 2032-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Roller Bearing Co. of America, Inc.            | Roller Bearing Co. of America, Inc.                                                       | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170246.23    | 0.51%             | 2029-10-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                       | Group 1 Automotive, Inc.                                                                  | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    248000 | PA      | $240144.20    | 0.71%             | 2028-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Black Pearl Compute LLC                        | Black Pearl Compute LLC                                                                   | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40761.88     | 0.12%             | 2031-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| VistaJet Malta Finance plc                     | VistaJet Malta Finance plc                                                                | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $96847.89     | 0.29%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                 | NCL Corp. Ltd.                                                                            | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     80000 | PA      | $79451.42     | 0.24%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    155000 | PA      | $167295.53    | 0.50%             | 2028-03-15      | Variable      | 10.25%                | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                         | Cleveland-Cliffs, Inc.                                                                    | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53785.47     | 0.16%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| NGL Energy Operating LLC                       | NGL Energy Operating LLC                                                                  | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $21646.86     | 0.06%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                                                               | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     63000 | PA      | $58037.42     | 0.17%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| WBI Operating LLC                              | WBI Operating LLC                                                                         | CUSIP: 92944BAA9<br>LEI: 254900POBWB4RX0ODY78 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80530.80     | 0.24%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Seaspan Corp.                                  | Seaspan Corp.                                                                             | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    107000 | PA      | $100356.14    | 0.30%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation LLC                           | Alpha Generation LLC                                                                      | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116766.71    | 0.35%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| 1011778 BC ULC                                 | 1011778 BC ULC                                                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    294000 | PA      | $276492.36    | 0.82%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Fortrea Holdings, Inc.                         | Fortrea Holdings, Inc.                                                                    | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85390.20     | 0.25%             | 2030-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                         | Sonic Automotive, Inc.                                                                    | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    134000 | PA      | $127305.96    | 0.38%             | 2031-11-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                              | Rocket Cos., Inc.                                                                         | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    192000 | PA      | $193890.62    | 0.58%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Hudbay Minerals, Inc.                          | Hudbay Minerals, Inc.                                                                     | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $110021.29    | 0.33%             | 2029-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Bombardier, Inc.                               | Bombardier, Inc.                                                                          | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $155863.80    | 0.46%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Cooper-Standard Automotive, Inc.               | Cooper-Standard Automotive, Inc.                                                          | CUSIP: 216762AK0<br>LEI: ITCH5B3Q4RTX2PH9UN62 | Long             | DBT              | CORP              | US        |     75000 | PA      | $70537.50     | 0.21%             | 2031-03-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Moog, Inc.                                     | Moog, Inc.                                                                                | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    187000 | PA      | $187557.13    | 0.56%             | 2027-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty LLC                             | Ryan Specialty LLC                                                                        | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    213000 | PA      | $210693.12    | 0.63%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Champ Acquisition Corp.                        | Champ Acquisition Corp.                                                                   | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     53000 | PA      | $55683.34     | 0.17%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC Ltd.                                | 1261229 BC Ltd.                                                                           | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    300000 | PA      | $307406.70    | 0.91%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                        | GFL Environmental, Inc.                                                                   | CUSIP: 36168QAN4<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    213000 | PA      | $209142.25    | 0.62%             | 2029-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                  | SM Energy Co.                                                                             | CUSIP: 78454LAZ3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29939.24     | 0.09%             | 2034-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| WESCO Distribution, Inc.                       | WESCO Distribution, Inc.                                                                  | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    108000 | PA      | $108664.04    | 0.32%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                 | NCL Corp. Ltd.                                                                            | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    162000 | PA      | $168759.13    | 0.50%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                              | Rocket Cos., Inc.                                                                         | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70839.58     | 0.21%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Amentum Holdings, Inc.                         | Amentum Holdings, Inc.                                                                    | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |     86000 | PA      | $89075.79     | 0.26%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies, Inc.                     | Sensata Technologies, Inc.                                                                | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     81000 | PA      | $75189.08     | 0.22%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp.                               | Fair Isaac Corp.                                                                          | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     85000 | PA      | $82549.44     | 0.25%             | 2028-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                        | Kodiak Gas Services LLC                                                                   | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15249.86     | 0.05%             | 2035-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                                                          | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50044.75     | 0.15%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Heartland Dental LLC                           | Heartland Dental LLC                                                                      | CUSIP: 42239PAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     42000 | PA      | $43208.33     | 0.13%             | 2028-04-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| CACI International, Inc.                       | CACI International, Inc.                                                                  | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52968.03     | 0.16%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media, Inc.                            | Nexstar Media, Inc.                                                                       | CUSIP: 65346UAB5<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100822.40    | 0.30%             | 2033-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Watco Cos. LLC                                 | Watco Cos. LLC                                                                            | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $138779.33    | 0.41%             | 2032-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| JH North America Holdings, Inc.                | JH North America Holdings, Inc.                                                           | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     78000 | PA      | $77406.11     | 0.23%             | 2031-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                      | Vistra Operations Co. LLC                                                                 | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108731.42    | 0.32%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| RB Global Holdings, Inc.                       | RB Global Holdings, Inc.                                                                  | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    186000 | PA      | $188533.69    | 0.56%             | 2028-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                            | Medline Borrower LP                                                                       | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    373000 | PA      | $369940.77    | 1.10%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ON Semiconductor Corp.                         | ON Semiconductor Corp.                                                                    | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    141000 | PA      | $136139.46    | 0.40%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC                                 | 1011778 BC ULC                                                                            | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    189000 | PA      | $184851.26    | 0.55%             | 2028-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Churchill Downs, Inc.                          | Churchill Downs, Inc.                                                                     | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    247000 | PA      | $244396.03    | 0.73%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Lithia Motors, Inc.                            | Lithia Motors, Inc.                                                                       | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     92000 | PA      | $86526.13     | 0.26%             | 2031-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                | TransDigm, Inc.                                                                           | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112323.20    | 0.33%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| APLD ComputeCo 2 LLC                           | APLD ComputeCo 2 LLC                                                                      | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $89400.52     | 0.27%             | 2031-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                                                               | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    112000 | PA      | $113437.52    | 0.34%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP      | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113912.38    | 0.34%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| VoltaGrid LLC                                  | VoltaGrid LLC                                                                             | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |    183000 | PA      | $189088.23    | 0.56%             | 2030-11-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                        | Kodiak Gas Services LLC                                                                   | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     61000 | PA      | $61701.01     | 0.18%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                  | SM Energy Co.                                                                             | CUSIP: 17888HAC7<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     77000 | PA      | $81287.44     | 0.24%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                      | Sunoco LP                                                                                 | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98351.98     | 0.29%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Morgan Stanley ETF Trust

**Signature:** James F. Kirchner

**Name of Signer:** James F. Kirchner

**Title:** Principal Financial Officer