# EDGAR Filing Document

**Accession Number:** 0000809707
**File Stem:** 0002071691-25-009322
**Filing Date:** 2025-12
**Character Count:** 142378
**Document Hash:** 2abb7158f711662bc72d51091070b5dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009322.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009322

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Investors Securities Trust
- **CENTRAL INDEX KEY:** 0000809707

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04986
- **FILM NUMBER:** 251595221

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2200

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN INVESTORS SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### FRANKLIN FLOATING RATE DAILY ACCESS FUND (Series ID: S000006853)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018517 | Class A       | FAFRX           |
| C000018519 | Class C       | FCFRX           |
| C000018520 | Advisor Class | FDAAX           |
| C000128879 | Class R6      | FFRDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Investors Securities Trust

- **b. Investment Company Act file number:** 811-04986

- **c. CIK number of Registrant:** 0000809707

- **d. LEI of Registrant:** 549300XUGIR9DEQFV548

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

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

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Franklin Floating Rate Daily Access Fund

- **b. EDGAR series identifier (if any):** S000006853

- **c. LEI of Series:** NDVQZJLQKYEB9K3LB498

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1477318472.38

**Total Liabilities:** $80381999.70

**Net Assets:** $1396936472.68

**Delayed Delivery Securities:** $60284870.83

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -70.20000000 | **1-Year:** -162.73000000 | **5-Year:** -938.18000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -239.61000000 | **1-Year:** -67430.65000000 | **5-Year:** -345862.85000000 | **10-Year:** -53211.63000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000128879 | 0.50%                | -0.21%               | 0.25%                |
| Class ID C000018517 | 0.47%                | -0.24%               | 0.22%                |
| Class ID C000018519 | 0.44%                | -0.27%               | 0.18%                |
| Class ID C000018520 | 0.49%                | -0.22%               | 0.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3861135.88             | $1590481.47                                |
| Month 2  | $-478584.86              | $-11733611.50                              |
| Month 3  | $-32074.96               | $-5643337.94                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bausch + Lomb Corp.                                            | Bausch + Lomb Corp.                                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |   1320000 | PA      | $1381050.00   | 0.10%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corp.                                    | Great Canadian Gaming Corp., First Lien, CME Term Loan, B                                         | CUSIP: C4111RAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   6929589 | PA      | $6907934.29   | 0.49%             | 2029-11-01      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas, Inc.                                           | Hunter Douglas, Inc., First Lien, CME Term Loan, B1                                               | CUSIP: N8137FAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5157290 | PA      | $5177996.53   | 0.37%             | 2032-01-16      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| BCPE Empire Holdings, Inc.                                     | BCPE Empire Holdings, Inc., First Lien, Amendment No. 8 Incremental CME Term Loan                 | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |   5173177 | PA      | $5174496.37   | 0.37%             | 2030-12-11      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                               | Proofpoint, Inc., First Lien, CME Term Loan                                                       | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   5300679 | PA      | $5333172.37   | 0.38%             | 2028-08-31      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Artera Services LLC                                            | Artera Services LLC, First Lien, CME Term Loan, C                                                 | CUSIP: 73937UAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8072693 | PA      | $6909498.46   | 0.49%             | 2031-02-18      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                  | Calpine Corp., First Lien, 2024 CME Term Loan                                                     | CUSIP: 13134MBW2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3283500 | PA      | $3284402.96   | 0.24%             | 2031-01-31      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Sophos Holdings LLC                                            | Sophos Holdings LLC, First Lien, Dollar CME Term Loan                                             | CUSIP: 86875TAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4896705 | PA      | $4906914.90   | 0.35%             | 2027-03-05      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                              | Clarios Global LP, First Lien, 2024 Dollar CME Term Loan                                          | CUSIP: C8000CAM5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   2015487 | PA      | $2018641.64   | 0.14%             | 2030-05-06      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Raising Cane's Restaurants LLC                                 | Raising Cane's Restaurants LLC, First Lien, CME Term Loan, B                                      | CUSIP: 75101XAQ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3975659 | PA      | $3974824.57   | 0.28%             | 2032-10-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                                | LaserShip, Inc., First Lien, CME Term Loan, B1                                                    | CUSIP: 51809EAM7<br>LEI: 254900NGHREGOQUFUT53 | Long             | LON              | CORP              | US        |   7491145 | PA      | $5331185.44   | 0.38%             | 2029-08-10      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance BV                                             | Nouryon Finance BV, First Lien, November 2024 Dollar CME Term Loan, B1                            | CUSIP: N8232NAL1<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |   3826088 | PA      | $3828479.64   | 0.27%             | 2028-04-03      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| Aretec Group, Inc.                                             | Aretec Group, Inc., First Lien, CME Term Loan, B3                                                 | CUSIP: 04009DAH7<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |   4611133 | PA      | $4632851.06   | 0.33%             | 2030-08-09      | Variable      | 7.46%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                         | Mauser Packaging Solutions Holding Co.                                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    694000 | PA      | $696690.64    | 0.05%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Learning Care Group US No. 2, Inc.                             | Learning Care Group US No. 2, Inc., First Lien, CME Term Loan, B                                  | CUSIP: 52200MAL4<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |   1676232 | PA      | $1648574.62   | 0.12%             | 2028-08-11      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp.                                           | CNT Holdings I Corp., First Lien, 2025 Replacement CME Term Loan                                  | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |   6945623 | PA      | $6965557.40   | 0.50%             | 2032-11-08      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                         | Neptune Bidco US, Inc., First Lien, Dollar CME Term Loan, B                                       | CUSIP: 64069JAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8794386 | PA      | $8516263.50   | 0.61%             | 2029-04-11      | Variable      | 9.01%                 | No            |                  2 | On Loan: No      |
| Nourish Buyer I, Inc.                                          | Nourish Buyer I, Inc., First Lien, Initial CME Term Loan                                          | CUSIP: 66979CAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1550633 | PA      | $1554509.44   | 0.11%             | 2032-07-08      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| Millennium Corporate Claim Trust                               | Millennium Corporate Claim Trust, Escrow Account                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IN        |  13585837 | NS      | $40689.58     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Crosby US Acquisition Corp.                                    | Crosby US Acquisition Corp., First Lien, Amendment No. 4 Replacement CME Term Loan                | CUSIP: 22739PAP1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3862892 | PA      | $3892887.29   | 0.28%             | 2029-08-16      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| Charlotte Buyer, Inc.                                          | Charlotte Buyer, Inc., First Lien, Second Refinancing CME Term Loan                               | CUSIP: 12568YAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9545555 | PA      | $9531857.27   | 0.68%             | 2028-02-11      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| EPIC Crude Services LP                                         | EPIC Crude Services LP, First Lien, CME Term Loan                                                 | CUSIP: 29428XAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3528324 | PA      | $3549440.77   | 0.25%             | 2031-10-15      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                | TransDigm, Inc.                                                                                   | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    378000 | PA      | $390938.56    | 0.03%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AIP RD Buyer Corp.                                             | AIP RD Buyer Corp., First Lien, CME Term Loan                                                     | CUSIP: 00149HAC8<br>LEI: 5493000EBDLH9PYWBS30 | Long             | LON              | CORP              | US        |   7834054 | PA      | $7857320.65   | 0.56%             | 2030-12-23      | Variable      | 7.46%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services, Inc.                                  | CHG Healthcare Services, Inc., First Lien, Amendment No. 7 Refinancing CME Term Loan              | CUSIP: 12541HAX1<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |   3696821 | PA      | $3711719.38   | 0.27%             | 2028-09-29      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| Hanesbrands, Inc.                                              | Hanesbrands, Inc., First Lien, CME Term Loan, B                                                   | CUSIP: 410346AY6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2262670 | PA      | $2273983.04   | 0.16%             | 2032-03-08      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| PG Polaris BidCo SARL                                          | PG Polaris BidCo SARL, First Lien, Initial CME Term Loan                                          | CUSIP: 91728NAB5<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | US        |   4239484 | PA      | $4261211.70   | 0.31%             | 2031-03-26      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                      | First Student Bidco, Inc., First Lien, 11th Amendment Repricing CME Term Loan                     | CUSIP: 33718FAN0<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   7263288 | PA      | $7282353.67   | 0.52%             | 2030-08-15      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings, Inc.                               | Medical Solutions Holdings, Inc., First Lien, CME Term Loan                                       | CUSIP: 58462QAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4728415 | PA      | $1513092.67   | 0.11%             | 2028-11-01      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                     | AAdvantage Loyalty IP Ltd., First Lien, CME Term Loan                                             | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11676660 | PA      | $11703224.61  | 0.84%             | 2028-04-20      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                                         | TK Elevator Midco GmbH, First Lien, CME Term Loan, B1                                             | CUSIP: D9000BAJ1<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | DE        |   5513384 | PA      | $5553604.21   | 0.40%             | 2030-04-30      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                             | DexKo Global, Inc., First Lien, Closing Date Dollar CME Term Loan                                 | CUSIP: 25213YAU9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5400994 | PA      | $5329187.80   | 0.38%             | 2028-10-04      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Kenan Advantage Group, Inc. (The)                              | Kenan Advantage Group, Inc. (The), First Lien, U.S. CME Term Loan, B4                             | CUSIP: 48853UBQ2<br>LEI: 549300GVUXCXDWYPIY65 | Long             | LON              | CORP              | US        |  10098904 | PA      | $9952469.60   | 0.71%             | 2029-01-25      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                 | Cloudera, Inc., First Lien, Initial CME Term Loan                                                 | CUSIP: 74339VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6060237 | PA      | $5835250.91   | 0.42%             | 2028-10-09      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                              | Alliant Holdings Intermediate LLC, First Lien, Initial CME Term Loan                              | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |  13680727 | PA      | $13683052.95  | 0.98%             | 2031-09-19      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                      | Michaels Cos., Inc. (The), First Lien, CME Term Loan, B                                           | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |   2964150 | PA      | $2842930.87   | 0.20%             | 2028-04-17      | Variable      | 8.51%                 | No            |                  2 | On Loan: No      |
| Opal LLC                                                       | OPAL US LLC, First Lien, CME Term Loan, B2                                                        | CUSIP: F7000QAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4500000 | PA      | $4524615.00   | 0.32%             | 2032-04-23      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Madison Safety & Flow LLC                                      | Madison Safety & Flow LLC, First Lien, 2025 Incremental CME Term Loan                             | CUSIP: 55822DAM3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2486191 | PA      | $2500697.65   | 0.18%             | 2031-09-26      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                    | Grant Thornton Advisors LLC, First Lien, 2025 Incremental CME Term Loan                           | CUSIP: 38821UAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2200069 | PA      | $2196307.25   | 0.16%             | 2031-06-02      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| GIH Borrower LLC                                               | GIH Borrower LLC, First Lien, CME Term Loan, B                                                    | CUSIP: 36173YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1688031 | PA      | $1697180.63   | 0.12%             | 2031-11-26      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Primo Brands Corp.                                             | Primo Brands Corp., First Lien, 2025 Refinancing CME Term Loan                                    | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |   5872952 | PA      | $5895122.45   | 0.42%             | 2028-03-31      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, First Lien, Debtor-In-Possession CME Term Loan                            | CUSIP: 31935HAM9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2411446 | PA      | $2565175.96   | 0.18%             | 2026-06-29      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                   | Acrisure LLC, First Lien, 2025 Refinancing CME Term Loan, B                                       | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   1689197 | PA      | $1693251.16   | 0.12%             | 2032-06-21      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                    | Grant Thornton Advisors LLC, First Lien, 2025-2 Incremental CME Term Loan                         | CUSIP: 38821UAF7<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |   5500000 | PA      | $5522110.00   | 0.40%             | 2031-06-02      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                              | Cornerstone Building Brands, Inc., First Lien, CME Term Loan, C                                   | CUSIP: 72431HAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2644521 | PA      | $2332149.78   | 0.17%             | 2031-05-15      | Variable      | 8.53%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                 | Cloudera, Inc., Second Lien, Initial CME Term Loan                                                | CUSIP: 74339VAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3000000 | PA      | $2680125.00   | 0.19%             | 2029-10-10      | Variable      | 10.26%                | No            |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                        | Phoenix Guarantor, Inc., First Lien, CME Term Loan, B5                                            | CUSIP: 71913BAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2985596 | PA      | $2998045.91   | 0.21%             | 2031-02-21      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Chromalloy Corp.                                               | Chromalloy Corp., First Lien, CME Term Loan                                                       | CUSIP: 17110EAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3803301 | PA      | $3823059.39   | 0.27%             | 2031-03-27      | Variable      | 7.23%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                           | Flutter Financing BV, First Lien, 2024 Refinancing CME Term Loan, B                               | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   4421698 | PA      | $4409537.94   | 0.32%             | 2030-12-02      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corp.                                         | Filtration Group Corp., First Lien, 2025 Incremental Dollar CME Term Loan, B                      | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |  10350109 | PA      | $10402946.64  | 0.74%             | 2028-10-23      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                  | Dynasty Acquisition Co., Inc., First Lien, Initial CME Term Loan, B2                              | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    714337 | PA      | $716343.94    | 0.05%             | 2031-10-31      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                       | Energizer Holdings, Inc., First Lien, Initial CME Term Loan                                       | CUSIP: 29267YAW2<br>LEI: 5493000D6NN0V57UME20 | Long             | LON              | CORP              | US        |    380156 | PA      | $381344.32    | 0.03%             | 2032-03-19      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| UGI Energy Services LLC                                        | UGI Energy Services LLC, First Lien, Initial CME Term Loan                                        | CUSIP: 90276DAE9<br>LEI: 5493001O7RUKEUP5XR11 | Long             | LON              | CORP              | US        |   2774113 | PA      | $2792033.82   | 0.20%             | 2030-02-22      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                                              | Chariot Buyer LLC, First Lien, Amendment No. 5 Incremental CME Term Loan                          | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |   1510833 | PA      | $1517443.25   | 0.11%             | 2032-09-08      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                                  | White Cap Supply Holdings LLC, First Lien, CME Term Loan, C                                       | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |   5474817 | PA      | $5494444.04   | 0.39%             | 2029-10-19      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                        | American Airlines, Inc.                                                                           | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4488800.10   | 0.32%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Millennium Lender Claim Trust                                  | Millennium Lender Claim Trust, Escrow Account                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  13585837 | NS      | $43433.92     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vmed O2 UK Financing I plc                                     | Vmed O2 UK Financing I plc                                                                        | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1430000 | PA      | $1306680.80   | 0.09%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INEOS US Finance LLC                                           | INEOS US Finance LLC, First Lien, 2030 Dollar CME Term Loan                                       | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |   1450548 | PA      | $1249516.55   | 0.09%             | 2030-02-18      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| Spring Education Group, Inc.                                   | Spring Education Group, Inc., First Lien, CME Term Loan                                           | CUSIP: 84840EAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1507596 | PA      | $1514191.25   | 0.11%             | 2030-09-30      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Talos Energy, Inc.                                             | Talos Energy, Inc.                                                                                | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    480831 | NS      | $4716952.11   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Azalea Topco, Inc.                                             | Azalea Topco, Inc., First Lien, 2025 Refinancing CME Term Loan                                    | CUSIP: 05477JAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2992500 | PA      | $3000115.91   | 0.21%             | 2031-04-30      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                                | Whatabrands LLC, First Lien, 2024-2 Refinancing CME Term Loan. B                                  | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |   5170311 | PA      | $5187605.47   | 0.37%             | 2028-08-03      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, Second Lien, 2021 CME Term Loan                                           | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5920469 | PA      | $139131.02    | 0.01%             | 2028-03-30      | Variable      | 13.07%                | No            |                  2 | On Loan: No      |
| Red SPV LLC                                                    | Red SPV LLC, First Lien, Initial CME Term Loan                                                    | CUSIP: 75701MAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2723670 | PA      | $2723670.21   | 0.19%             | 2032-03-15      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp.                                          | Reworld Holding Corp., First Lien, CME Term Loan, B                                               | CUSIP: 22282GAP2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1539414 | PA      | $1543269.93   | 0.11%             | 2028-11-30      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                               | Proofpoint, Inc., First Lien, CME Term Loan                                                       | CUSIP: 74345HAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1353536 | PA      | $1361832.68   | 0.10%             | 2028-08-31      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| IGT Holding IV AB                                              | IGT Holding IV AB, First Lien, CME Term Loan, B8                                                  | CUSIP: W5000CAD9<br>LEI: N/A                  | Long             | LON              | CORP              | SE        |   3423908 | PA      | $3441027.08   | 0.25%             | 2031-09-02      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Priority Holdings LLC                                          | Priority Holdings LLC, First Lien, CME Term Loan, B                                               | CUSIP: 74275TAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3749903 | PA      | $3756465.42   | 0.27%             | 2032-07-30      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                        | Talen Energy Supply LLC, First Lien, CME Term Loan, B                                             | CUSIP: 87422LBA7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1030928 | PA      | $1031571.88   | 0.07%             | 2032-10-12      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| Endo Finance Holdings, Inc.                                    | Endo Finance Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan                           | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1219212 | PA      | $1213877.77   | 0.09%             | 2031-04-23      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                    | Allied Universal Holdco LLC                                                                       | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1563376.25   | 0.11%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                | TransDigm, Inc., First Lien, CME Term Loan, J                                                     | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   4131124 | PA      | $4141390.22   | 0.30%             | 2031-02-28      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                     | ADMI Corp., First Lien, Amendment No. 5 CME Term Loan                                             | CUSIP: 00709LAJ6<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   3852409 | PA      | $3638118.75   | 0.26%             | 2027-12-23      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, First Lien, New CME Term Loan, B9                                                    | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |      8082 | PA      | $8093.83      | 0.00%             | 2027-07-30      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                            | Medline Borrower LP, First Lien, 2028 Refinancing CME Term Loan                                   | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |  17634219 | PA      | $17667988.44  | 1.26%             | 2028-10-23      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                          | Rocket Software, Inc., First Lien, CME Term Loan                                                  | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   5105006 | PA      | $5091783.94   | 0.36%             | 2028-11-28      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                   | MPH Acquisition Holdings LLC, First Lien, Second Out CME Term Loan                                | CUSIP: 55328HAQ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2233085 | PA      | $2117478.02   | 0.15%             | 2030-12-31      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| Wand NewCo 3, Inc.                                             | Wand NewCo 3, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |   2145505 | PA      | $2143198.88   | 0.15%             | 2031-01-30      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                     | AAdvantage Loyalty IP Ltd., First Lien, 2025 Incremental CME Term Loan                            | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1604839 | PA      | $1612862.90   | 0.12%             | 2032-05-28      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp.                                          | Reworld Holding Corp., First Lien, CME Term Loan, C                                               | CUSIP: 22282GAQ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     85574 | PA      | $85788.27     | 0.01%             | 2028-11-30      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Organon & Co.                                                  | Organon & Co., First Lien, 2024 Refinancing Dollar CME Term Loan                                  | CUSIP: 68621XAG8<br>LEI: 549300AMCKY57OK2CO56 | Long             | LON              | CORP              | US        |   2842657 | PA      | $2580592.59   | 0.18%             | 2031-05-19      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                             | DexKo Global, Inc., First Lien, 2023 Incremental CME Term Loan                                    | CUSIP: 25213YBC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3645986 | PA      | $3611348.97   | 0.26%             | 2028-10-04      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                              | Clarios Global LP, First Lien, Amendment No. 6 Dollar CME Term Loan                               | CUSIP: C8000CAP8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   4829172 | PA      | $4850299.67   | 0.35%             | 2032-01-28      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Calpine Construction Finance Co. LP                            | Calpine Construction Finance Co. LP, First Lien, Refinancing CME Term Loan                        | CUSIP: 13134NAH4<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | LON              | CORP              | US        |   3184000 | PA      | $3190479.44   | 0.23%             | 2030-07-19      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| GNC Holdings, Inc.                                             | GNC Holdings, Inc., Second Lien, CME Term Loan                                                    | CUSIP: 36260UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  16493169 | PA      | $11545218.46  | 0.83%             | 2026-10-07      | Variable      | 10.26%                | No            |                  2 | On Loan: No      |
| American Trailer World Corp.                                   | American Trailer World Corp., First Lien, CME Term Loan, B                                        | CUSIP: 03028BAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3533809 | PA      | $3142881.05   | 0.22%             | 2028-03-03      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Hudson River Trading LLC                                       | Hudson River Trading LLC, First Lien, CME Term Loan, B1                                           | CUSIP: 44413EAJ7<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |   4361264 | PA      | $4372472.39   | 0.31%             | 2030-03-18      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                  | Calpine Corp.                                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4392020.16   | 0.31%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ingenovis Health, Inc.                                         | Ingenovis Health, Inc., First Lien, Initial CME Term Loan                                         | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6025961 | PA      | $2003631.94   | 0.14%             | 2028-03-06      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                      | Banijay Entertainment SAS, First Lien, CME Term Loan, B3                                          | CUSIP: F6456UAE3<br>LEI: 5493008PW5N0VVCH7279 | Long             | LON              | CORP              | FR        |   1717515 | PA      | $1728962.04   | 0.12%             | 2028-03-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                    | Caesars Entertainment, Inc.                                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3632227.20   | 0.26%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                                | LaserShip, Inc., First Lien, CME Term Loan, D                                                     | CUSIP: 51809EAP0<br>LEI: 254900NGHREGOQUFUT53 | Long             | LON              | CORP              | US        |   5424622 | PA      | $1573140.38   | 0.11%             | 2029-08-10      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                        | OneDigital Borrower LLC, First Lien, 2025 Refinancing CME Term Loan                               | CUSIP: 68277FAN9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5880780 | PA      | $5893011.84   | 0.42%             | 2031-07-02      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Clue Opco LLC                                                  | Clue Opco LLC, First Lien, CME Term Loan, B                                                       | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9480366 | PA      | $9239422.52   | 0.66%             | 2030-12-19      | Variable      | 8.34%                 | No            |                  2 | On Loan: No      |
| Paradigm Parent LLC                                            | Paradigm Parent LLC, First Lien, Initial CME Term Loan                                            | CUSIP: 69902BAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7300000 | PA      | $6533499.83   | 0.47%             | 2032-04-16      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                          | Clydesdale Acquisition Holdings, Inc., First Lien, 2025 Incremental Closing Date CME Term Loan, B | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   6957929 | PA      | $6950588.81   | 0.50%             | 2032-04-01      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                          | Jane Street Group LLC, First Lien, Extended CME Term Loan                                         | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   5249997 | PA      | $5207655.31   | 0.37%             | 2031-12-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                              | IRB Holding Corp., First Lien, 2024 Second Replacement CME Term Loan, B                           | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |  12115543 | PA      | $12146074.54  | 0.87%             | 2027-12-15      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Orion US Finco, Inc.                                           | Orion US Finco, Inc., First Lien, Initial CME Term Loan                                           | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   6168122 | PA      | $6205254.60   | 0.44%             | 2032-10-08      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                        | Talen Energy Supply LLC, First Lien, Initial CME Term Loan, B                                     | CUSIP: 87422LAV2<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |   9748266 | PA      | $9771954.33   | 0.70%             | 2030-05-17      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| Deep Blue Operating I LLC                                      | Deep Blue Operating I LLC, First Lien, Initial CME Term Loan                                      | CUSIP: 24369TAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1471758 | PA      | $1478204.55   | 0.11%             | 2032-10-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International, Inc.                             | Light & Wonder International, Inc., First Lien, CME Term Loan, B2                                 | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |   4277671 | PA      | $4296386.02   | 0.31%             | 2029-04-16      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                              | Polaris Newco LLC, First Lien, Dollar CME Term Loan                                               | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   3086573 | PA      | $2959035.97   | 0.21%             | 2028-06-02      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                  | Dynasty Acquisition Co., Inc., First Lien, Initial CME Term Loan, B1                              | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |   1878014 | PA      | $1883291.31   | 0.13%             | 2031-10-31      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                              | Cornerstone Building Brands, Inc., First Lien, New CME Term Loan, B                               | CUSIP: 72431HAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4419550 | PA      | $4059224.02   | 0.29%             | 2028-04-12      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Klockner Pentaplast of America, Inc.                           | Klockner Pentaplast of America, Inc., First Lien, USD CME Term Loan, B                            | CUSIP: 49865NAT7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7512397 | PA      | $3319577.96   | 0.24%             | 2026-02-12      | Variable      | 9.04%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                         | LifePoint Health, Inc., First Lien, CME Term Loan, B1                                             | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |  10228043 | PA      | $10247680.49  | 0.73%             | 2031-05-19      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| US Anesthesia Partners, Inc.                                   | US Anesthesia Partners, Inc., First Lien, Initial CME Term Loan                                   | CUSIP: 90350HAL3<br>LEI: 549300J001GMNRO7SQ51 | Long             | LON              | CORP              | US        |   5240437 | PA      | $5252175.30   | 0.38%             | 2028-10-02      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                            | Peer Holding III BV, First Lien, CME Term Loan, B4B                                               | CUSIP: N6872NAM8<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |    476373 | PA      | $478978.56    | 0.03%             | 2030-10-28      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                          | UTEX Industries, Inc.                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    261340 | NS      | $13563095.45  | 0.97%             |  |  |  | No            |                  3 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                  | Smyrna Ready Mix Concrete LLC, First Lien, 2025 CME Term Loan                                     | CUSIP: 83283EAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    672770 | PA      | $674452.26    | 0.05%             | 2029-03-30      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| GC Ferry Acquisition I, Inc.                                   | GC Ferry Acquisition I, Inc., First Lien, Initial CME Term Loan                                   | CUSIP: 32009UAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5001789 | PA      | $5000063.16   | 0.36%             | 2032-08-16      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                           | Osaic Holdings, Inc., First Lien, Initial CME Term Loan                                           | CUSIP: 68773JAG5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7029033 | PA      | $7048081.67   | 0.50%             | 2032-08-02      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                            | American Axle & Manufacturing, Inc., First Lien, Incremental CME Term Loan, C                     | CUSIP: 02406MBB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2835821 | PA      | $2821641.89   | 0.20%             | 2032-02-24      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1 SARL / Aggreko Holdings, Inc.               | Albion Financing 1 SARL / Aggreko Holdings, Inc.                                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1100900 | PA      | $1138971.32   | 0.08%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC                                          | Clover Holdings 2 LLC, First Lien, Initial CME Term Loan                                          | CUSIP: 18914DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3151227 | PA      | $3155166.27   | 0.23%             | 2031-12-09      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| MKS, Inc.                                                      | MKS, Inc., First Lien, 2025-1 Dollar CME Term Loan, B                                             | CUSIP: 55314NAZ7<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |   3815873 | PA      | $3829171.65   | 0.27%             | 2029-08-17      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group, Inc.                                       | AthenaHealth Group, Inc., First Lien, Initial CME Term Loan                                       | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |  10367127 | PA      | $10336336.95  | 0.74%             | 2029-02-15      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                      | Zayo Group Holdings, Inc., First Lien, 2022 Incremental Term Loan                                 | CUSIP: 98919XAE1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   2538594 | PA      | $2430310.11   | 0.17%             | 2027-03-09      | Fixed         | 8.49%                 | No            |                  2 | On Loan: No      |
| Allegiant Travel Co.                                           | Allegiant Travel Co.                                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |   3316000 | PA      | $3355380.82   | 0.24%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc. / AAdvantage Loyalty IP Ltd.           | American Airlines, Inc. / AAdvantage Loyalty IP Ltd.                                              | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1233333 | PA      | $1237239.30   | 0.09%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                      | Banijay Entertainment SAS                                                                         | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |   2300000 | PA      | $2388883.50   | 0.17%             | 2029-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ProAmpac PG Borrower LLC                                       | ProAmpac PG Borrower LLC, First Lien, 2024 CME Term Loan, B                                       | CUSIP: 74274NAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5547557 | PA      | $5554796.55   | 0.40%             | 2028-09-15      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| Red Planet Borrower LLC                                        | Red Planet Borrower LLC, First Lien, Initial CME Term Loan                                        | CUSIP: 57165KAE6<br>LEI: 254900LGTHBRY5NA0C90 | Long             | LON              | CORP              | US        |   5500000 | PA      | $5426657.50   | 0.39%             | 2032-09-08      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| Cotiviti, Inc.                                                 | Cotiviti, Inc., First Lien, Amendment No. 2 CME Term Loan                                         | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   3690750 | PA      | $3560411.16   | 0.25%             | 2032-03-26      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Russell Investments US Institutional Holdco, Inc.              | Russell Investments US Institutional Holdco, Inc., First Lien, 2027 CME Term Loan                 | CUSIP: 78249LAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8120987 | PA      | $7887549.07   | 0.56%             | 2027-05-28      | Variable      | 8.96%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corp. / Raptor LLC                       | Great Canadian Gaming Corp. / Raptor LLC                                                          | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $978607.20    | 0.07%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                            | Peer Holding III BV, First Lien, CME Term Loan, B5B                                               | CUSIP: N6872NAN6<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |   4449722 | PA      | $4473639.72   | 0.32%             | 2031-07-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                                          | Ontario Gaming GTA LP, First Lien, CME Term Loan, B                                               | CUSIP: C6907UAB7<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |   9703287 | PA      | $9125165.09   | 0.65%             | 2030-08-01      | Variable      | 8.24%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield US Borrower LLC                            | Cushman & Wakefield US Borrower LLC, First Lien, 2025-2 CME Term Loan                             | CUSIP: 23340DAW2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    531257 | PA      | $533472.12    | 0.04%             | 2030-01-31      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Scientific Games Holdings LP                                   | Scientific Games Holdings LP, First Lien, 2024 Refinancing Dollar CME Term Loan                   | CUSIP: 80875CAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4988081 | PA      | $4935706.19   | 0.35%             | 2029-04-04      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| TKO Worldwide Holdings LLC                                     | TKO Worldwide Holdings LLC, First Lien, CME Term Loan, B5                                         | CUSIP: 90266UAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3027523 | PA      | $3037710.37   | 0.22%             | 2031-11-21      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                     | Cloud Software Group, Inc.                                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $4037260.50   | 0.29%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Adient US LLC                                                  | Adient US LLC, First Lien, CME Term Loan, B2                                                      | CUSIP: 00687MAH4<br>LEI: 213800SOTRCDGZUHL712 | Long             | LON              | CORP              | US        |   3590593 | PA      | $3599784.81   | 0.26%             | 2031-01-31      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corp.                                            | Bausch + Lomb Corp., First Lien, Third Amendment CME Term Loan                                    | CUSIP: C0787FAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   2811136 | PA      | $2832219.87   | 0.20%             | 2031-01-15      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC                           | Prime Security Services Borrower LLC, First Lien, 2024-1 Refinancing CME Term Loan, B1            | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |   5087091 | PA      | $5084394.48   | 0.36%             | 2030-10-15      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                       | Pathway Vet Alliance LLC, First Lien, CME Term Loan, A                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2532284 | PA      | $2567634.88   | 0.18%             | 2028-06-30      | Variable      | 9.31%                 | No            |                  2 | On Loan: No      |
| Spin Holdco, Inc.                                              | Spin Holdco, Inc., First Lien, Initial CME Term Loan                                              | CUSIP: 84850XAK8<br>LEI: 549300QAS44U2GUXGK45 | Long             | LON              | CORP              | US        |   4787087 | PA      | $4018592.23   | 0.29%             | 2028-03-06      | Variable      | 8.39%                 | No            |                  2 | On Loan: No      |
| Sovos Compliance LLC                                           | Sovos Compliance LLC, First Lien, Amendment No. 3 Replacement CME Term Loan                       | CUSIP: 84611YAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3684553 | PA      | $3689803.66   | 0.26%             | 2029-08-13      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                                    | McGraw-Hill Education, Inc., First Lien, CME Term Loan, B                                         | CUSIP: 58063DAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1007536 | PA      | $1007536.49   | 0.07%             | 2031-08-06      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Speed Midco 3 SARL                                             | Speed Midco 3 SARL, First Lien, USD CME Term Loan, B                                              | CUSIP: L9002RAB2<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   2631579 | PA      | $2629934.24   | 0.19%             | 2032-10-01      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| Penn Entertainment, Inc.                                       | Penn Entertainment, Inc., First Lien, CME Term Loan, B                                            | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3469923 | PA      | $3480662.72   | 0.25%             | 2029-05-03      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners Group LLC                                 | Broadstreet Partners Group LLC, First Lien, 2024 CME Term Loan, B                                 | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |   7201224 | PA      | $7226139.75   | 0.52%             | 2031-06-16      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                | Madison IAQ LLC, First Lien, Initial CME Term Loan                                                | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   5317793 | PA      | $5334277.90   | 0.38%             | 2028-06-21      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                        | Talen Energy Supply LLC, First Lien, 2024-1 Incremental CME Term Loan, B                          | CUSIP: 87422LAY6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1068161 | PA      | $1071168.31   | 0.08%             | 2031-12-11      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| Entain Holdings Gibraltar Ltd.                                 | Entain Holdings Gibraltar Ltd., First Lien, CME Term Loan, B                                      | CUSIP: G3168QAC1<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   3302419 | PA      | $3307851.84   | 0.24%             | 2029-10-31      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc.                                  | Fortress Intermediate 3, Inc., First Lien, CME Term Loan, B                                       | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |   6464500 | PA      | $6488742.31   | 0.46%             | 2031-06-27      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group LP                                      | Flynn Restaurant Group LP, First Lien, 2025 CME Term Loan                                         | CUSIP: 34410JAG6<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |  11680870 | PA      | $11740208.83  | 0.84%             | 2032-01-28      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Magnera Corp.                                                  | Magnera Corp., First Lien, CME Term Loan                                                          | CUSIP: 89458XAB3<br>LEI: 549300LDQLQBT38QDY28 | Long             | LON              | CORP              | US        |   3259570 | PA      | $3090072.42   | 0.22%             | 2031-11-04      | Variable      | 8.45%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, Second Lien, New CME Term Loan, B3                                                   | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   7696342 | PA      | $7560462.65   | 0.54%             | 2028-01-31      | Variable      | 9.33%                 | No            |                  2 | On Loan: No      |
| Belfor Holdings, Inc.                                          | Belfor Holdings, Inc., First Lien, Replacement CME Term Loan, B5                                  | CUSIP: 07768YAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3513500 | PA      | $3526675.88   | 0.25%             | 2030-11-01      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)                     | Edelman Financial Engines Center LLC (The), Second Lien, 2024 Refinancing CME Term Loan           | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   4000000 | PA      | $4012500.00   | 0.29%             | 2028-10-20      | Variable      | 9.21%                 | No            |                  2 | On Loan: No      |
| Aramark Services, Inc.                                         | Aramark Services, Inc., First Lien, CME Term Loan, B8                                             | CUSIP: 03852JAV3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    988899 | PA      | $992142.35    | 0.07%             | 2030-06-24      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications, Inc.                                     | iHeartCommunications, Inc., First Lien, Refinanced CME Term Loan, B                               | CUSIP: 45174UAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3832950 | PA      | $3434476.56   | 0.25%             | 2029-05-01      | Variable      | 9.85%                 | No            |                  2 | On Loan: No      |
| Gray Media, Inc.                                               | Gray Media, Inc., First Lien, CME Term Loan, D                                                    | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |   1272776 | PA      | $1276390.60   | 0.09%             | 2028-12-01      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                | CoreLogic, Inc., First Lien, Initial CME Term Loan                                                | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   8073846 | PA      | $8085956.93   | 0.58%             | 2028-06-02      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                      | Zayo Group Holdings, Inc., First Lien, Initial Dollar Term Loan                                   | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   3919729 | PA      | $3752532.85   | 0.27%             | 2027-03-09      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| Mermaid Bidco, Inc.                                            | Mermaid Bidco, Inc., First Lien, USD CME Term Loan, B                                             | CUSIP: 59012CAL9<br>LEI: 254900765HT42I3EW691 | Long             | LON              | CORP              | US        |   4952096 | PA      | $4970666.84   | 0.36%             | 2031-07-03      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Petco Health & Wellness Co., Inc.                              | Petco Health & Wellness Co., Inc., First Lien, Initial CME Term Loan                              | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   3620028 | PA      | $3574958.54   | 0.26%             | 2028-03-03      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                       | Great Outdoors Group LLC, First Lien, CME Term Loan, B                                            | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   5585441 | PA      | $5592422.51   | 0.40%             | 2032-01-23      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| WWEX Uni Topco Holdings LLC                                    | WWEX Uni Topco Holdings LLC, First Lien, Initial CME Term Loan                                    | CUSIP: 00435UAF5<br>LEI: 254900XFGYPZZSG8I385 | Long             | LON              | CORP              | US        |   5623640 | PA      | $5620462.58   | 0.40%             | 2028-07-26      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                       | Project Alpha Intermediate Holding, Inc., First Lien, Second Amendment Refinancing CME Term Loan  | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5863835 | PA      | $5872191.34   | 0.42%             | 2030-10-28      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corp. / Raptor LLC                       | Great Canadian Gaming Corp. / Raptor LLC                                                          | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |   4820000 | PA      | $4716886.70   | 0.34%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                     | Cloud Software Group, Inc., First Lien, Incremental CME Term Loan, B                              | CUSIP: 88632NBK5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4425166 | PA      | $4431051.45   | 0.32%             | 2031-03-21      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                    | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4106948.00   | 0.29%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Simply Good Foods USA, Inc.                                    | Simply Good Foods USA, Inc., First Lien, Initial CME Term Loan                                    | CUSIP: 04761PAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         1 | PA      | $0.51         | 0.00%             | 2027-03-17      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Savage Enterprises LLC                                         | Savage Enterprises LLC, First Lien, Amendment No. 7 CME Term Loan                                 | CUSIP: 80465JAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    787727 | PA      | $790329.99    | 0.06%             | 2032-08-05      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                       | Pathway Vet Alliance LLC, First Lien, CME Term Loan, B                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8059920 | PA      | $6110467.09   | 0.44%             | 2028-06-30      | Variable      | 9.31%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                          | United Airlines, Inc.                                                                             | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2481421.60   | 0.18%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                | TransDigm, Inc., First Lien, CME Term Loan, M                                                     | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   3483871 | PA      | $3488992.15   | 0.25%             | 2032-08-19      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp.                        | Mavis Tire Express Services Topco Corp., First Lien, 2025 Incremental CME Term Loan               | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |   3489650 | PA      | $3500799.82   | 0.25%             | 2028-05-04      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                     | ADMI Corp., First Lien, CME Term Loan, B5                                                         | CUSIP: 00709LAL1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1148377 | PA      | $1110336.65   | 0.08%             | 2027-12-23      | Variable      | 9.71%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd.                                         | HUB International Ltd., First Lien, 2025 Incremental CME Term Loan                                | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |  21008535 | PA      | $21101288.13  | 1.51%             | 2030-06-20      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Crown Subsea Communications Holding, Inc.                      | Crown Subsea Communications Holding, Inc., First Lien, 2025 CME Term Loan                         | CUSIP: 22860EAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5155121 | PA      | $5193784.29   | 0.37%             | 2031-01-30      | Variable      | 7.46%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments LLC                                            | Shift4 Payments LLC, First Lien, Amendment No. 2 CME Term Loan                                    | CUSIP: 82453JAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1898943 | PA      | $1913982.73   | 0.14%             | 2032-06-30      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                       | SCIH Salt Holdings, Inc.                                                                          | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3859915.02   | 0.28%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                             | AmWINS Group, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   4502154 | PA      | $4513094.39   | 0.32%             | 2032-01-30      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Dawn Bidco LLC                                                 | Dawn Bidco LLC, First Lien, CME Term Loan                                                         | CUSIP: 23923YAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12500000 | PA      | $12473187.50  | 0.89%             | 2032-10-07      | Variable      | 6.76%                 | No            |                  2 | On Loan: No      |
| RealTruck Group, Inc.                                          | RealTruck Group, Inc., First Lien, Initial CME Term Loan                                          | CUSIP: 89778PAG2<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |   1778625 | PA      | $1567413.46   | 0.11%             | 2028-01-31      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| Lummus Technology Holdings V LLC                               | Lummus Technology Holdings V LLC, First Lien, Amendment No. 4 Refinancing CME Term Loan, B        | CUSIP: 45232UAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3053089 | PA      | $3051501.59   | 0.22%             | 2029-12-31      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC                            | Hilton Grand Vacations Borrower LLC, First Lien, Initial CME Term Loan                            | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |   2920604 | PA      | $2918180.35   | 0.21%             | 2028-08-02      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Charter Next Generation, Inc.                                  | Charter Next Generation, Inc., First Lien, 2024 Replacement CME Term Loan                         | CUSIP: 16125TAM4<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |  10715831 | PA      | $10767105.77  | 0.77%             | 2030-11-29      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, First Lien, 2022-2 Incremental CME Term Loan                              | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7651919 | PA      | $2548088.95   | 0.18%             | 2027-03-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc. / First Transit Parent, Inc.         | First Student Bidco, Inc. / First Transit Parent, Inc.                                            | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $483848.45    | 0.03%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp.                                          | Reworld Holding Corp., First Lien, 2025 Incremental CME Term Loan                                 | CUSIP: 22282GAR8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2272727 | PA      | $2271306.82   | 0.16%             | 2031-01-15      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Zekelman Industries, Inc.                                      | Zekelman Industries, Inc., First Lien, 2024 CME Term Loan                                         | CUSIP: 98931YAD5<br>LEI: 549300S5LMRAKDWWI425 | Long             | LON              | CORP              | US        |   1341549 | PA      | $1345077.33   | 0.10%             | 2031-01-24      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| WestJet Loyalty LP                                             | WestJet Loyalty LP, First Lien, Initial CME Term Loan                                             | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   8780046 | PA      | $8821224.20   | 0.63%             | 2031-02-14      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Hamilton Projects Acquiror LLC                                 | Hamilton Projects Acquiror LLC, First Lien, Initial CME Term Loan                                 | CUSIP: 40444KAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1597433 | PA      | $1607416.70   | 0.12%             | 2031-05-30      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Barracuda Networks, Inc.                                       | Barracuda Networks, Inc., First Lien, Initial CME Term Loan                                       | CUSIP: 06832FAB3<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |   4521053 | PA      | $3783556.06   | 0.27%             | 2029-08-15      | Variable      | 8.34%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                         | Neptune Bidco US, Inc.                                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3558276.00   | 0.25%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Chobani LLC                                                    | Chobani LLC, First Lien, CME Term Loan, B                                                         | CUSIP: 17026YAL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3435282 | PA      | $3447099.59   | 0.25%             | 2032-10-22      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Project Boost Purchaser LLC                                    | Project Boost Purchaser LLC, First Lien, Initial CME Term Loan                                    | CUSIP: 74339NAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6868435 | PA      | $6862184.88   | 0.49%             | 2031-07-16      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| AlixPartners LLP                                               | AlixPartners LLP, First Lien, 2025 Dollar CME Term Loan                                           | CUSIP: 01642PBE5<br>LEI: 5493005G2MHUFTGARL57 | Long             | LON              | CORP              | US        |   7853403 | PA      | $7832670.16   | 0.56%             | 2032-08-12      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                          | Hexion Holdings Corp., First Lien, 2024 Refinancing CME Term Loan                                 | CUSIP: 00217XAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5350754 | PA      | $5260941.54   | 0.38%             | 2029-03-15      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Rand Parent LLC                                                | Rand Parent LLC, First Lien, CME Term Loan, B                                                     | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8195443 | PA      | $8058866.26   | 0.58%             | 2030-03-18      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| McAfee Corp.                                                   | McAfee Corp., First Lien, CME Term Loan, B1                                                       | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |  11742548 | PA      | $11179845.54  | 0.80%             | 2029-03-01      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp.                                     | Gainwell Acquisition Corp., First Lien, CME Term Loan, B                                          | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5312372 | PA      | $5272529.29   | 0.38%             | 2027-10-01      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc.                                  | Fortress Intermediate 3, Inc.                                                                     | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1879182.00   | 0.13%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Pitney Bowes, Inc.                                             | Pitney Bowes, Inc., First Lien, CME Term Loan, B                                                  | CUSIP: 72448FAW5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8059500 | PA      | $8062038.74   | 0.58%             | 2032-03-19      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                | Madison IAQ LLC, First Lien, 2025 Incremental CME Term Loan                                       | CUSIP: 55759VAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4588500 | PA      | $4611442.50   | 0.33%             | 2032-05-06      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Knowlton Development Corp.                                     | Knowlton Development Corp., Inc., First Lien, Dollar CME Term Loan                                | CUSIP: C4953EAH8<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1367647 | PA      | $1376680.36   | 0.10%             | 2028-08-15      | Variable      | 7.46%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)                     | Edelman Financial Engines Center LLC (The), First Lien, Initial CME Term Loan                     | CUSIP: 27943UAM8<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   5303608 | PA      | $5327712.50   | 0.38%             | 2028-04-07      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Cotiviti, Inc.                                                 | Cotiviti, Inc., First Lien, New CME Term Loan, B                                                  | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   6332464 | PA      | $6116115.64   | 0.44%             | 2031-05-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                          | Clydesdale Acquisition Holdings, Inc.                                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    240000 | PA      | $241011.12    | 0.02%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services, Inc.                                   | Genesys Cloud Services, Inc., First Lien, 2025 Dollar CME Term Loan                               | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |   8503354 | PA      | $8422572.17   | 0.60%             | 2032-01-30      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund       | Franklin Institutional U.S. Government Money Market Fund                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  11779000 | NS      | $11779000.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CMG Media Corp.                                                | CMG Media Corp., First Lien, CME Term Loan                                                        | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5984856 | PA      | $5550954.33   | 0.40%             | 2029-06-18      | Variable      | 7.60%                 | No            |                  2 | On Loan: No      |
| Indicor LLC                                                    | Indicor LLC, First Lien, Dollar CME Term Loan, D                                                  | CUSIP: 77669LAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2891618 | PA      | $2903994.15   | 0.21%             | 2029-11-22      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Nexus Buyer LLC                                                | Nexus Buyer LLC, First Lien, Amendment No. 10 CME Term Loan                                       | CUSIP: 65343UAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2088709 | PA      | $2095758.85   | 0.15%             | 2031-07-31      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| MIWD Holdco II LLC                                             | MIWD Holdco II LLC, First Lien, 2024 Incremental CME Term Loan                                    | CUSIP: 55336CAK8<br>LEI: 254900X3SPV5RVFJEY72 | Long             | LON              | CORP              | US        |   3650295 | PA      | $3660570.09   | 0.26%             | 2031-03-28      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                    | Caesars Entertainment, Inc., First Lien, 2023 Incremental CME Term Loan, B                        | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   6461186 | PA      | $6429558.13   | 0.46%             | 2030-02-06      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| Specialty Building Products Holdings LLC                       | Specialty Building Products Holdings LLC, First Lien, Initial CME Term Loan                       | CUSIP: 84748EAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2651099 | PA      | $2549270.13   | 0.18%             | 2028-10-16      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services, Inc.                                | Brand Industrial Services, Inc., First Lien, CME Term Loan, C                                     | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |   6192353 | PA      | $5495713.42   | 0.39%             | 2030-08-01      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery plc                                         | Brightstar Lottery plc                                                                            | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   2300000 | PA      | $2295675.54   | 0.16%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                         | Mauser Packaging Solutions Holding Co., First Lien, Initial CME Term Loan                         | CUSIP: 57763TAE3<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |   3703291 | PA      | $3710531.31   | 0.27%             | 2027-04-15      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, First Lien, 2021 CME Term Loan                                            | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7484777 | PA      | $2492430.70   | 0.18%             | 2027-03-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                    | Allied Universal Holdco LLC, First Lien, Amendment No. 7 Replacement USD CME Term Loan            | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   6785999 | PA      | $6821184.26   | 0.49%             | 2032-08-20      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| Kleopatra Finco SARL                                           | Kleopatra Finco SARL, First Lien, USD CME Term Loan, B                                            | CUSIP: L5841WAC2<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    765307 | PA      | $682367.19    | 0.05%             | 2025-11-27      | Variable      | 13.99%                | No            |                  3 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, First Lien, New CME Term Loan, B10                                                   | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   2398947 | PA      | $2404944.42   | 0.17%             | 2028-08-21      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| DIRECTV Financing LLC                                          | DIRECTV Financing LLC, First Lien, 2024 Refinancing CME Term Loan, B                              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    648077 | PA      | $649969.31    | 0.05%             | 2029-08-02      | Variable      | 9.82%                 | No            |                  2 | On Loan: No      |
| PointClickCare Technologies, Inc.                              | PointClickCare Technologies, Inc., First Lien, 2025 CME Term Loan                                 | CUSIP: C7365BAG1<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   2321667 | PA      | $2330372.91   | 0.17%             | 2031-11-03      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                | TransDigm, Inc., First Lien, CME Term Loan, K                                                     | CUSIP: 89364MCF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6200000 | PA      | $6212028.00   | 0.44%             | 2030-03-22      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| ECI Macola/Max Holding LLC                                     | ECI Macola/Max Holding LLC, First Lien, 2025 Repricing CME Term Loan                              | CUSIP: 26825UAN1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6310671 | PA      | $6333704.80   | 0.45%             | 2030-05-09      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower LLC                                       | Boost Newco Borrower LLC, First Lien, CME Term Loan, B2                                           | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |  12590706 | PA      | $12637921.26  | 0.90%             | 2031-01-31      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance, Inc.                          | Jane Street Group / JSG Finance, Inc.                                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5277000 | PA      | $5374286.77   | 0.38%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UFC Holdings LLC                                               | UFC Holdings LLC, First Lien, CME Term Loan, B4                                                   | CUSIP: 90266UAK9<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |  12723711 | PA      | $12766525.90  | 0.91%             | 2031-11-21      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Delta Topco, Inc.                                              | Delta Topco, Inc., First Lien, Fourth Amendment Refinancing CME Term Loan                         | CUSIP: 24780DAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9079819 | PA      | $8990155.42   | 0.64%             | 2029-11-30      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                            | Medline Borrower LP, First Lien, 2030 Refinancing CME Term Loan                                   | CUSIP: 58503UAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2693250 | PA      | $2697370.67   | 0.19%             | 2030-10-23      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                     | Fertitta Entertainment LLC, First Lien, Initial CME Term Loan, B                                  | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7424453 | PA      | $7426346.38   | 0.53%             | 2029-01-29      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                               | Ensemble RCM LLC, First Lien, CME Term Loan, B                                                    | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |    854486 | PA      | $858869.55    | 0.06%             | 2029-08-01      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                        | Quikrete Holdings, Inc., First Lien, CME Term Loan, B2                                            | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   6418352 | PA      | $6433145.93   | 0.46%             | 2029-03-19      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| Flash Charm, Inc.                                              | Flash Charm, Inc., First Lien, CME Term Loan, B2                                                  | CUSIP: 45168RAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4858814 | PA      | $4354712.22   | 0.31%             | 2028-03-02      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| Spectris                                                       | Spectris plc, First Lien, CME Term Loan                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    664688 | PA      | $667180.99    | 0.05%             | 2032-09-24      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings, Inc.                                          | WEC US Holdings, Inc., First Lien, Initial CME Term Loan                                          | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |   4062857 | PA      | $4076853.68   | 0.29%             | 2031-01-27      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners LLC                               | Southern Veterinary Partners LLC, First Lien, 2025 New CME Term Loan                              | CUSIP: 84410HAQ3<br>LEI: 549300DT78GYJYRK0R74 | Long             | LON              | CORP              | US        |   2470043 | PA      | $2471253.51   | 0.18%             | 2031-12-04      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Aggreko Holdings, Inc.                                         | Aggreko Holdings, Inc., First Lien, 2025 Amended USD CME Term Loan                                | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | LU        |   3815061 | PA      | $3843693.02   | 0.28%             | 2031-05-21      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                       | SCIH Salt Holdings, Inc., First Lien, Incremental CME Term Loan, B1                               | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7015703 | PA      | $7050395.40   | 0.50%             | 2029-01-31      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                            | Peer Holding III BV, First Lien, CME Term Loan, B8                                                | CUSIP: N6872NAQ9<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1371653 | PA      | $1374224.53   | 0.10%             | 2032-09-29      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                   | MH Sub I LLC, First Lien, 2024 December New CME Term Loan                                         | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |  12667688 | PA      | $10241825.99  | 0.73%             | 2031-12-31      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| ConnectWise LLC                                                | ConnectWise LLC, First Lien, Initial CME Term Loan                                                | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3126904 | PA      | $3135268.01   | 0.22%             | 2028-09-29      | Variable      | 7.76%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                | ABG Intermediate Holdings 2 LLC, First Lien, CME Term Loan, B1                                    | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |   2720829 | PA      | $2722787.57   | 0.19%             | 2028-12-21      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| Central Parent LLC                                             | Central Parent LLC, First Lien, 2024 Refinancing CME Term Loan                                    | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5366790 | PA      | $4435490.64   | 0.32%             | 2029-07-06      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                        | Invesco Senior Loan ETF                                                                           | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             |  | RF                | US        |    613270 | NS      | $12817343.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| 24 Hour Fitness Worldwide, Inc.                                | 24 Hour Fitness Worldwide, Inc.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1844979 | NS      | $78411.59     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                      | First Student Bidco, Inc., First Lien, CME Term Loan, C                                           | CUSIP: 33718FAP5<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   1324065 | PA      | $1327209.63   | 0.10%             | 2030-08-15      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Concentra Health Services, Inc.                                | Concentra Health Services, Inc., First Lien, CME Term Loan, B1                                    | CUSIP: 20602RAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    458083 | PA      | $459944.80    | 0.03%             | 2031-07-28      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Ascensus Holdings, Inc.                                        | Ascensus Holdings, Inc., First Lien, 2024 CME Term Loan, B                                        | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4528963 | PA      | $4539583.89   | 0.32%             | 2028-08-02      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                          | Hexion Holdings Corp., Second Lien, Initial CME Term Loan                                         | CUSIP: 42829JAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3570674 | PA      | $3505955.91   | 0.25%             | 2030-03-15      | Variable      | 11.50%                | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.                      | Sedgwick Claims Management Services, Inc., First Lien, 2024 CME Term Loan                         | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |  17551074 | PA      | $17566958.07  | 1.26%             | 2031-07-31      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                                | Cemex SAB de CV                                                                                   | CUSIP: 151290BX0<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   3875000 | PA      | $3929060.13   | 0.28%             | 2030-09-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                                 | Core & Main LP, First Lien, CME Term Loan, E                                                      | CUSIP: 40416VAH8<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |   1728169 | PA      | $1730329.07   | 0.12%             | 2031-02-10      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corp.                                          | Epicor Software Corp., First Lien, CME Term Loan, E                                               | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   7384407 | PA      | $7409033.97   | 0.53%             | 2031-05-30      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2, Inc.                    | DG Investment Intermediate Holdings 2, Inc., First Lien, Closing Date Initial CME Term Loan       | CUSIP: 23344MAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    939597 | PA      | $943125.51    | 0.07%             | 2032-07-09      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                 | National Mentor Holdings, Inc., First Lien, Initial CME Term Loan, C                              | CUSIP: 63689EAT2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    216306 | PA      | $210656.44    | 0.02%             | 2028-03-02      | Variable      | 7.85%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                     | Cloud Software Group, Inc., First Lien, Initial Dollar CME Term Loan, B                           | CUSIP: 88632NBL3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   4618887 | PA      | $4624313.99   | 0.33%             | 2032-08-16      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, Second Lien, New CME Term Loan, B4                                                   | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |  10622294 | PA      | $10156825.50  | 0.73%             | 2029-01-19      | Variable      | 9.33%                 | No            |                  2 | On Loan: No      |
| Rand Parent LLC                                                | Rand Parent LLC                                                                                   | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3632342.25   | 0.26%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund       | Franklin Institutional U.S. Government Money Market Fund                                          | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        | 134337262 | NS      | $134337262.15 | 9.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MX Holdings US, Inc.                                           | MX Holdings US, Inc., First Lien, Senior USD CME Term Loan, B                                     | CUSIP: 55404TAF9<br>LEI: 549300RKTIVJWNROR778 | Long             | LON              | CORP              | DE        |   1266414 | PA      | $1272746.19   | 0.09%             | 2032-03-17      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy, Inc.                                          | Cheniere Energy, Inc.                                                                             | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2395358.78   | 0.17%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ascend Learning LLC                                            | Ascend Learning LLC, First Lien, Initial CME Term Loan                                            | CUSIP: 04349HAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4351431 | PA      | $4354607.67   | 0.31%             | 2028-12-11      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Victory Capital Holdings, Inc.                                 | Victory Capital Holdings, Inc., First Lien, CME Term Loan, B3                                     | CUSIP: 92645DAM1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1509375.00   | 0.11%             | 2032-09-23      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Zelis Payments Buyer, Inc.                                     | Zelis Payments Buyer, Inc., First Lien, Amendment No. 5 CME Term Loan                             | CUSIP: 98932TAH6<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |   1788974 | PA      | $1776674.91   | 0.13%             | 2031-11-26      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                         | LifePoint Health, Inc., First Lien, 2024-2 Refinancing CME Term Loan                              | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   3240709 | PA      | $3243495.86   | 0.23%             | 2031-05-19      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co., Inc.                                         | Boxer Parent Co., Inc., First Lien, 2031 Replacement Dollar CME Term Loan                         | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   2885500 | PA      | $2869889.45   | 0.21%             | 2031-07-30      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                        | Quikrete Holdings, Inc., First Lien, CME Term Loan, B1                                            | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   4424950 | PA      | $4437007.61   | 0.32%             | 2031-04-14      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| Froneri US, Inc.                                               | Froneri US, Inc., First Lien, CME Term Loan, B6                                                   | CUSIP: G3679YAM4<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   2390677 | PA      | $2392303.02   | 0.17%             | 2032-08-02      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Soliant Lower Intermediate LLC                                 | Soliant Lower Intermediate LLC, First Lien, Initial CME Term Loan                                 | CUSIP: 83421EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3554024 | PA      | $3283029.77   | 0.24%             | 2031-07-18      | Variable      | 7.79%                 | No            |                  2 | On Loan: No      |
| Signia Aerospace LLC                                           | Signia Aerospace LLC, First Lien, CME Term Loan                                                   | CUSIP: 82670NAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2572781 | PA      | $2579225.88   | 0.18%             | 2031-12-11      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| CPM Holdings, Inc.                                             | CPM Holdings, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 12620BAR1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4616357 | PA      | $4607701.02   | 0.33%             | 2028-09-28      | Variable      | 8.63%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp.                                         | Playtika Holding Corp., First Lien, CME Term Loan, B1                                             | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |   4085427 | PA      | $4002983.16   | 0.29%             | 2028-03-13      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Verde Purchaser LLC                                            | Verde Purchaser LLC, First Lien, Second Refinancing CME Term Loan                                 | CUSIP: 92338TAB2<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | LON              | CORP              | US        |   9965798 | PA      | $9597512.17   | 0.69%             | 2030-11-30      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| GTCR Everest Borrower LLC                                      | GTCR Everest Borrower LLC, First Lien, 2025 CME Term Loan                                         | CUSIP: 36269YAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975149 | PA      | $1982951.09   | 0.14%             | 2031-09-05      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| US Radiology Specialists, Inc.                                 | US Radiology Specialists, Inc. (US Outpatient Imaging Services, Inc.), First Lien, CME Term Loan  | CUSIP: 90372AAM0<br>LEI: 254900QCDFUYXJEFMY06 | Long             | LON              | CORP              | US        |   5100707 | PA      | $5128480.37   | 0.37%             | 2027-12-15      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL, Inc.                                               | Sabre GLBL, Inc., First Lien, CME Term Loan, B                                                    | CUSIP: 78571YBH2<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |   6936982 | PA      | $6471614.67   | 0.46%             | 2028-06-30      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                        | Quikrete Holdings, Inc., First Lien, CME Term Loan, B3                                            | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   3980000 | PA      | $3989333.28   | 0.29%             | 2032-02-10      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                    | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5323733.40   | 0.38%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                     | ADMI Corp., First Lien, Amendment No. 4 Refinancing CME Term Loan                                 | CUSIP: 00709LAH0<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   7920526 | PA      | $7481609.99   | 0.54%             | 2027-12-23      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                   | Acrisure LLC, First Lien, CME Term Loan, B6                                                       | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |  10777768 | PA      | $10784504.00  | 0.77%             | 2030-11-06      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Avalara, Inc.                                                  | Avalara, Inc., First Lien, First Amendment CME Term Loan                                          | CUSIP: 05338KAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3700000 | PA      | $3712043.50   | 0.27%             | 2032-03-26      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| Pre-Paid Legal Services, Inc.                                  | Pre-Paid Legal Services, Inc., First Lien, Initial CME Term Loan                                  | CUSIP: 74006LAS1<br>LEI: 549300DKH5WJ2J8QU878 | Long             | LON              | CORP              | US        |   1395020 | PA      | $1304350.48   | 0.09%             | 2028-12-07      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                 | National Mentor Holdings, Inc., First Lien, Initial CME Term Loan                                 | CUSIP: 63689EAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6227676 | PA      | $6065009.04   | 0.43%             | 2028-03-02      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, First Lien, New CME Term Loan, B11                                                   | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   3978164 | PA      | $3996244.59   | 0.29%             | 2028-08-21      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| AI Aqua Merger Sub, Inc.                                       | AI Aqua Merger Sub, Inc., First Lien, 2025 Refinancing CME Term Loan, B                           | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   7904080 | PA      | $7930242.70   | 0.57%             | 2028-07-31      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Vibrantz Technologies, Inc.                                    | Vibrantz Technologies, Inc., First Lien, Initial CME Term Loan                                    | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | LON              | CORP              | US        |   3590936 | PA      | $2803730.69   | 0.20%             | 2029-04-23      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                         | Cengage Learning, Inc., First Lien, 2024 Refinancing CME Term Loan                                | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |   2323246 | PA      | $2296388.90   | 0.16%             | 2031-03-24      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| Boots Group Bidco Ltd.                                         | Boots Group Bidco Ltd. (The), First Lien, Closing Date Dollar CME Term Loan                       | CUSIP: 09947PAB7<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1245675 | PA      | $1252681.66   | 0.09%             | 2032-08-30      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| Sanmina Corp.                                                  | Sanmina Corp., First Lien, CME Term Loan, B                                                       | CUSIP: 80105GAP5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3018868 | PA      | $3026415.09   | 0.22%             | 2032-08-06      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Dermatology Intermediate Holdings III, Inc.                    | Dermatology Intermediate Holdings III, Inc., First Lien, Initial CME Term Loan                    | CUSIP: 24982LAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7615552 | PA      | $7212537.15   | 0.52%             | 2029-03-26      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| Waystar Technologies, Inc.                                     | Waystar Technologies, Inc., First Lien, Initial CME Term Loan                                     | CUSIP: 63939WAN3<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |   3098382 | PA      | $3102905.99   | 0.22%             | 2029-10-22      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| INEOS US Petrochem LLC                                         | INEOS US Petrochem LLC, First Lien, New CME Term Loan, B1                                         | CUSIP: G4770MAL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3534636 | PA      | $2957306.37   | 0.21%             | 2029-04-02      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                          | UTEX Industries, Inc.                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       634 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Surgery Center Holdings, Inc.                                  | Surgery Center Holdings, Inc., First Lien, 2025 Refinancing CME Term Loan                         | CUSIP: 86880NBD4<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |    912066 | PA      | $915504.47    | 0.07%             | 2030-12-19      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| RealTruck Group, Inc.                                          | RealTruck Group, Inc., First Lien, Second Amendment Incremental CME Term Loan                     | CUSIP: 89778PAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4509977 | PA      | $4013879.39   | 0.29%             | 2028-01-31      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                    | Beach Acquisition Bidco LLC, First Lien, CME Term Loan, B1                                        | CUSIP: 07337FAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    318450 | PA      | $320572.34    | 0.02%             | 2032-09-13      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                   | MPH Acquisition Holdings LLC, First Lien, Exchange First Out CME Term Loan                        | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |    809541 | PA      | $810722.88    | 0.06%             | 2030-12-31      | Variable      | 7.59%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                      | UKG, Inc., First Lien, Initial CME Term Loan                                                      | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |  19799013 | PA      | $19819109.09  | 1.42%             | 2031-02-10      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| CRC Insurance Group LLC                                        | CRC Insurance Group LLC, First Lien, CME Term Loan, B                                             | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6146024 | PA      | $6149926.36   | 0.44%             | 2031-05-06      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance, Inc.                          | Acrisure LLC / Acrisure Finance, Inc.                                                             | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1470600 | PA      | $1412957.63   | 0.10%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                           | Alpha Generation LLC, First Lien, Initial CME Term Loan, B                                        | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |   2992443 | PA      | $2999580.30   | 0.21%             | 2031-09-30      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Golden State Foods                                             | Golden State Foods LLC, First Lien, Initial CME Term Loan                                         | CUSIP: 38121NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2796680 | PA      | $2810761.59   | 0.20%             | 2031-12-04      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Franklin Investors Securities Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer