# EDGAR Filing Document

**Accession Number:** 0001912963
**File Stem:** 0001193125-25-303749
**Filing Date:** 2025-12
**Character Count:** 127412
**Document Hash:** e806b43047f6d4a08ac538903e19bf3d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-303749.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0001193125-25-303749

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Trust Private Credit Fund
- **CENTRAL INDEX KEY:** 0001912963

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23792
- **FILM NUMBER:** 251539259

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2270

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Private Credit Fund

- **b. Investment Company Act file number:** 811-23792

- **c. CIK number of Registrant:** 0001912963

- **d. LEI of Registrant:** 549300C1F1XYQK37T076

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

  - **Street Address 1:** 235 West Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 414-299-2270

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

- **a. Name of Series:** First Trust Private Credit Fund

- **c. LEI of Series:** 549300C1F1XYQK37T076

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $485011683.92

**Total Liabilities:** $21048288.23

**Net Assets:** $463963395.69

**Cash Not Reported:** $1333330.72

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 4.866280379025 | **5-Year:** 812.931859819265 | **10-Year:** 3689.105157783398 | **30-Year:** 441.934402882312

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

- **3-Month:** 0.000000000000 | **1-Year:** 2410.975549525797 | **5-Year:** 5719.385764308615 | **10-Year:** 20253.946379265798 | **30-Year:** 2297.853382135792

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.14%                | 0.74%                | 0.44%                |
| Class ID N/A | 1.14%                | 0.74%                | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $326263.92               | $-2216409.35                               |
| Month 2  | $350642.07               | $898958.76                                 |
| Month 3  | $-180708.12              | $399503.66                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Regatta VII Funding Ltd                         | Regatta VII Funding Ltd.                            | CUSIP: 75888ABQ8<br>LEI: 549300DA6HSLI0UPTQ25 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.22%             | 2034-06-20      | Floating      | 5.05%                 | Yes           | 2                  | On Loan: No      |
| Regatta XXI Funding Ltd                         | Regatta XXI Funding Ltd.                            | CUSIP: 75889JAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504142.30    | 0.11%             | 2037-10-15      | Floating      | 7.42%                 | Yes           | 2                  | On Loan: No      |
| Regatta 35 Funding Ltd.                         | Regatta 35 Funding Ltd.                             | CUSIP: 75903YAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.22%             | 2038-10-15      | Floating      | 7.08%                 | Yes           | 2                  | On Loan: No      |
| Riserva CLO, Ltd.                               | Riserva Clo Ltd.                                    | CUSIP: 76761RBE8<br>LEI: 549300640C8OB2I8SN35 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998250.00    | 0.22%             | 2034-01-18      | Floating      | 7.84%                 | Yes           | 2                  | On Loan: No      |
| ABPCI Direct Lending Fund CLO                   | ABPCI Direct Lending Fund CLO II LLC                | CUSIP: 000840AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1271506.13   | 0.27%             | 2037-07-20      | Floating      | 11.83%                | Yes           | 2                  | On Loan: No      |
| Aimco                                           | AIMCO CLO 10 Ltd.                                   | CUSIP: 00900UAG9<br>LEI: 5493004I93856WYBB035 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $255068.00    | 0.05%             | 2037-07-22      | Floating      | 9.98%                 | Yes           | 2                  | On Loan: No      |
| Alinea CLO LTD                                  | Alinea CLO 2018-1 Ltd.                              | CUSIP: 016269AL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501225.55    | 0.11%             | 2031-07-20      | Floating      | 6.58%                 | Yes           | 2                  | On Loan: No      |
| ANTARES LOAN FUNDING CLO EQUITY   /             | ANTARES LOAN FUNDING CLO EQUITY   /                 | CUSIP: 03690BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $558584.78    | 0.12%             | 2032-02-17      | None          | 0.00%                 | No            | N/A                | On Loan: No      |
| Apidos CLO Ltd                                  | Apidos CLO XXIII                                    | CUSIP: 03765YBN3<br>LEI: 635400C39IXGGYE6DH05 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $994076.50    | 0.21%             | 2033-04-15      | Floating      | 6.92%                 | Yes           | 2                  | On Loan: No      |
| Apidos CLO Ltd                                  | Apidos CLO XXVIII                                   | CUSIP: 03767CAU4<br>LEI: 549300QCAOUF4OXOI275 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $352787.16    | 0.08%             | 2038-10-20      | Floating      | 7.12%                 | Yes           | 2                  | On Loan: No      |
| Arini US CLO Limited                            | Arini U.S. CLO I Ltd.                               | CUSIP: 04039AAG9<br>LEI: 2549005XY5NLS2UWEM64 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1017491.20   | 0.22%             | 2038-04-15      | Floating      | 8.33%                 | Yes           | 2                  | On Loan: No      |
| Bain Capital Credit CLO, Limit                  | Bain Capital Credit CLO 2018-2                      | CUSIP: 05682VAU9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $753441.45    | 0.16%             | 2031-07-19      | Floating      | 7.28%                 | Yes           | 2                  | On Loan: No      |
| Bain Capital Credit CLO, Limit                  | Bain Capital Credit CLO 2023-1 Ltd.                 | CUSIP: 05685NAN0<br>LEI: 549300OV3LSQ8RJ1DY13 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1005750.00   | 0.22%             | 2038-07-16      | Floating      | 5.73%                 | Yes           | 2                  | On Loan: No      |
| Ballyrock Ltd                                   | Ballyrock CLO 2019-2 Ltd.                           | CUSIP: 05875MBK7<br>LEI: 254900IF22Z7SA13VI60 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.22%             | 2038-10-25      | Floating      | 7.63%                 | Yes           | 2                  | On Loan: No      |
| Ballyrock Ltd                                   | Ballyrock CLO 2019-2 Ltd.                           | CUSIP: 999999999<br>LEI: 254900IF22Z7SA13VI60 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250000.00    | 0.05%             | 2038-10-25      | Floating      | 7.63%                 | Yes           | 2                  | On Loan: No      |
| Battalion CLO LTD                               | Battalion Clo XV Ltd.                               | CUSIP: 07131AAR5<br>LEI: 549300CJP8HGT746II19 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500062.50    | 0.11%             | 2033-01-17      | Floating      | 5.82%                 | Yes           | 2                  | On Loan: No      |
| Benefit Street Partners CLO Lt                  | Benefit Street Partners CLO IV Ltd.                 | CUSIP: 08180FCG4<br>LEI: 5493002BNZCV0YE1MG83 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002716.80   | 0.22%             | 2038-10-20      | Floating      | 5.20%                 | Yes           | 2                  | On Loan: No      |
| Benefit Street Partners CLO Lt                  | Benefit Street Partners CLO XXIII Ltd.              | CUSIP: 08186XAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502832.20    | 0.11%             | 2034-04-25      | Floating      | 9.57%                 | Yes           | 2                  | On Loan: No      |
| Bluemountain CLO Ltd                            | BlueMountain CLO XXX Ltd.                           | CUSIP: 09630QAS0<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501252.00    | 0.11%             | 2035-04-15      | Floating      | 7.62%                 | Yes           | 2                  | On Loan: No      |
| Bryant Park Funding Ltd                         | Bryant Park 2025-27 CLO Ltd.                        | CUSIP: 11765EAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499755.95    | 0.11%             | 2038-07-20      | Floating      | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Bryant Park Funding Ltd                         | Bryant Park Funding 2023-21 Ltd.                    | CUSIP: 11766BAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.11%             | 2038-10-18      | Floating      | 9.16%                 | Yes           | 2                  | On Loan: No      |
| Bryant Park Funding Ltd                         | Bryant Park Funding 2023-20 Ltd.                    | CUSIP: 117919AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $510403.05    | 0.11%             | 2038-04-15      | Floating      | 7.73%                 | Yes           | 2                  | On Loan: No      |
| CIFC Funding Ltd                                | CIFC Funding 2017-IV Ltd.                           | CUSIP: 12551KAA1<br>LEI: 254900JEH56UBUEZJW15 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501096.00    | 0.11%             | 2030-10-24      | Floating      | 10.68%                | Yes           | 2                  | On Loan: No      |
| CIFC Funding Ltd                                | CIFC Funding 2013-III-R Ltd.                        | CUSIP: 12552NAA4<br>LEI: 549300JZARV9CBLL1S14 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499294.20    | 0.11%             | 2031-04-24      | Floating      | 10.48%                | Yes           | 2                  | On Loan: No      |
| Carlyle Global Market Strategi                  | Carlyle Global Market Strategies CLO 2014-2R Ltd.   | CUSIP: 14314LAL9<br>LEI: 549300K65HYRGER5BW54 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005532.60   | 0.22%             | 2031-05-15      | Floating      | 7.27%                 | Yes           | 2                  | On Loan: No      |
| Cedar Funding Ltd                               | Cedar Funding IV CLO Ltd.                           | CUSIP: 150323BS1<br>LEI: 549300PPJP6KEORGHQ85 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $510013.70    | 0.11%             | 2038-01-23      | Floating      | 7.62%                 | Yes           | 2                  | On Loan: No      |
| Cedar Funding Ltd                               | Cedar Funding VI CLO Ltd.                           | CUSIP: 15032DAX9<br>LEI: 549300PQ60B57EBTK013 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501291.25    | 0.11%             | 2034-04-20      | Floating      | 7.90%                 | Yes           | 2                  | On Loan: No      |
| Cedar Funding Ltd                               | Cedar Funding XVII CLO Ltd.                         | CUSIP: 15033QAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $505137.50    | 0.11%             | 2038-07-20      | Floating      | 10.83%                | Yes           | 2                  | On Loan: No      |
| CIFC Funding Ltd                                | CIFC Funding 2018-II Ltd.                           | CUSIP: 17180WAS4<br>LEI: 635400A7PBKNR7KBOY58 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500656.35    | 0.11%             | 2037-10-20      | Floating      | 7.38%                 | Yes           | 2                  | On Loan: No      |
| EURO FORWARDVIREMAIN CONTRACT  01/22/2026   /   | EURO FORWARDVIREMAIN CONTRACT  01/22/2026   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -80000 | OU      | $-94495.59    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARDVIREMAIN CONTRACT 2/20/2026   /     | EURO FORWARDVIREMAIN CONTRACT 2/20/2026   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -680000 | OU      | $-804469.43   | -0.17%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARDVIREMAIN CONTRACT  04/22/2026   /   | EURO FORWARDVIREMAIN CONTRACT  04/22/2026   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -50000 | OU      | $-59272.88    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARDVIREMAIN CONTRACT 06/18/2026   /    | EURO FORWARDVIREMAIN CONTRACT 06/18/2026   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -944000 | OU      | $-1122136.02  | -0.24%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD FTPC CONTRACT  7/22/2026   /       | EURO FORWARD FTPC CONTRACT  7/22/2026   /           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -50000 | OU      | $-59532.40    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARDVIREMAIN CONTRACT  10/22/2025   /   | EURO FORWARDVIREMAIN CONTRACT  10/22/2025   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -20000 | OU      | $-23514.10    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD FTPC CONTRACT  10/22/2026   /      | EURO FORWARD FTPC CONTRACT  10/22/2026   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -50000 | OU      | $-59635.48    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARDVIREMAIN CONTRACT 11/21/2025   /    | EURO FORWARDVIREMAIN CONTRACT 11/21/2025   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -30000 | OU      | $-35329.17    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD FTPC CONTRACT  11/6/2026   /       | EURO FORWARD FTPC CONTRACT  11/6/2026   /           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1408000 | OU      | $-1680374.07  | -0.36%            |  |  |  | No            | 2                  | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 45 Senior Loan Fund                          | CUSIP: 26244MBE1<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $503000.00    | 0.11%             | 2030-10-15      | Floating      | 7.37%                 | Yes           | 2                  | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 54 Senior Loan Fund                          | CUSIP: 26244RAD3<br>LEI: 54930064P37IJ78XTR63 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $753010.73    | 0.16%             | 2029-10-19      | Floating      | 7.69%                 | Yes           | 2                  | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 55 CLO Ltd.                                  | CUSIP: 26245MAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000297.30   | 0.22%             | 2031-04-15      | Floating      | 7.43%                 | Yes           | 2                  | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 30 Senior Loan Fund                          | CUSIP: 26249BAW1<br>LEI: 549300AS2O1RYPD2ED41 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502865.30    | 0.11%             | 2028-11-15      | Floating      | 7.07%                 | Yes           | 2                  | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 102 CLO Ltd.                                 | CUSIP: 26253TAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999972.90    | 0.22%             | 2038-10-15      | Floating      | 6.80%                 | Yes           | 2                  | On Loan: No      |
| Eaton Vance CDO Ltd                             | Eaton Vance CLO 2013-1 Ltd.                         | CUSIP: 27830BBY9<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004621.60   | 0.22%             | 2038-10-15      | Floating      | 5.62%                 | Yes           | 2                  | On Loan: No      |
| Eaton Vance CDO Ltd                             | Eaton Vance CLO 2013-1 Ltd.                         | CUSIP: 27830BCG7<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $505712.55    | 0.11%             | 2038-10-15      | Floating      | 7.28%                 | Yes           | 2                  | On Loan: No      |
| Eaton Vance CDO Ltd                             | Eaton Vance Clo 2015-1 Ltd.                         | CUSIP: 27830KBA1<br>LEI: 5493008YP5U5LTXAO749 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502006.45    | 0.11%             | 2030-01-20      | Floating      | 7.09%                 | Yes           | 2                  | On Loan: No      |
| Elevation CLO Ltd                               | Elevation CLO 2018-10 Ltd.                          | CUSIP: 28623CAL5<br>LEI: 5493005Q4N14IP6ASK07 | Long             | ABS-CBDO         | CORP              | KY        |    234592 | PA      | $234863.54    | 0.05%             | 2031-10-20      | Floating      | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Elmwood CLO X Ltd                               | Elmwood CLO X Ltd.                                  | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502598.00    | 0.11%             | 2038-07-20      | Floating      | 5.56%                 | Yes           | 2                  | On Loan: No      |
| Elmwood CLO 14 Ltd                              | Elmwood CLO 14 Ltd.                                 | CUSIP: 29003XAG8<br>LEI: 254900OL3XXZ9LCM4Q21 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504940.55    | 0.11%             | 2038-10-20      | Floating      | 9.78%                 | Yes           | 2                  | On Loan: No      |
| Elmwood CLO 19 Ltd                              | Elmwood CLO 19 Ltd.                                 | CUSIP: 29004JBC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.22%             | 2038-10-17      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Elmwood CLO 19 Ltd                              | Elmwood CLO 19 Ltd.                                 | CUSIP: 29004YAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.11%             | 2038-10-17      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Empower CLO Ltd.                                | Empower CLO 2023-2 Ltd.                             | CUSIP: 29247BAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005361.00   | 0.22%             | 2038-10-15      | Floating      | 5.61%                 | Yes           | 2                  | On Loan: No      |
| Empower CLO Ltd.                                | Empower CLO 2025-1 Ltd.                             | CUSIP: 29249DAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008564.80   | 0.22%             | 2038-07-20      | Floating      | 7.28%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2023-1 Ltd.              | CUSIP: 69703EAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    825000 | PA      | $0.00         | 0.00%             | 2031-07-20      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2023-2 Ltd.              | CUSIP: 69703GAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $401216.85    | 0.09%             | 2032-01-25      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2024-2 Ltd.              | CUSIP: 69703HAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2532710.10   | 0.55%             | 2033-01-15      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2024-1 Ltd.                       | CUSIP: 69703KAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1540000 | PA      | $1243008.07   | 0.27%             | 2037-04-15      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2024-2 Ltd.                       | CUSIP: 69703MAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2417850.60   | 0.52%             | 2037-07-20      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2024-1 Ltd.              | CUSIP: 69703QAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $241237.35    | 0.05%             | 2032-10-15      | Floating      | 10.89%                | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2024-1 Ltd.              | CUSIP: 69703QAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2510000 | PA      | $1906382.90   | 0.41%             | 2032-10-15      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2025-1 Ltd.                       | CUSIP: 69703UAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2244882.15   | 0.48%             | 2038-04-20      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2025-1 Ltd.              | CUSIP: 69703VAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4150000 | PA      | $3672531.71   | 0.79%             | 2033-02-15      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2024-4 Ltd.                       | CUSIP: 69703XAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2719993.80   | 0.59%             | 2038-01-15      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2025-2 Ltd.                       | CUSIP: 69704DAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2029522.80   | 0.44%             | 2038-07-20      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2025-2 Ltd.              | CUSIP: 69704EAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2625000 | PA      | $2634452.10   | 0.57%             | 2033-07-15      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2025-3 Ltd.                       | CUSIP: 69704HAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1011050.00   | 0.22%             | 2038-07-20      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Post CLO LTD                                    | Post CLO 2024-1 Ltd.                                | CUSIP: 73743FAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $506867.50    | 0.11%             | 2037-04-20      | Floating      | 11.13%                | Yes           | 2                  | On Loan: No      |
| Rad CLO Ltd                                     | Rad CLO 15 Ltd.                                     | CUSIP: 750103AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005201.40   | 0.22%             | 2040-07-20      | Floating      | 5.70%                 | Yes           | 2                  | On Loan: No      |
| Regatta VII Funding Ltd                         | Regatta VII Funding Ltd.                            | CUSIP: 75888ABE5<br>LEI: 549300DA6HSLI0UPTQ25 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.11%             | 2034-06-20      | Floating      | 5.41%                 | Yes           | 2                  | On Loan: No      |
| AUDAX MEDTECH TL   /                            | AUDAX MEDTECH TL   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2375000 | PA      | $2332812.40   | 0.50%             | 2032-06-03      | Variable      | 9.58%                 | No            | 3                  | On Loan: No      |
| AUDAX NMA HOLDINGS DDTL   /                     | AUDAX NMA HOLDINGS DDTL   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     97059 | PA      | $96767.64     | 0.02%             | 2028-07-07      | Variable      | 9.03%                 | No            | 3                  | On Loan: No      |
| AUDAX NMA HOLDINGS TL   /                       | AUDAX NMA HOLDINGS TL   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2107059 | PA      | $2100737.64   | 0.45%             | 2028-01-02      | Variable      | 9.03%                 | No            | 3                  | On Loan: No      |
| Audax-Riccobene Co. DDTL Audax Private   /      | Audax-Riccobene Co. DDTL Audax Private   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125156 | PA      | $123778.91    | 0.03%             | 2028-01-10      | Variable      | 8.90%                 | No            | 3                  | On Loan: No      |
| BNP Paribas                                     | BNP Paribas - Broadway                              | CUSIP: BCC3F4637<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | FR        |    877866 | PA      | $884449.88    | 0.19%             | 2031-04-12      | Floating      | 12.36%                | No            | 3                  | On Loan: No      |
| BANCO SANTANDER TOTT VAR 12/27/2043   /         | BANCO SANTANDER TOTT VAR 12/27/2043   /             | CUSIP: BCC3FHQ51<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | XX        |   1135324 | PA      | $1356178.05   | 0.29%             | 2043-12-27      | Variable      | 10.03%                | No            | 3                  | On Loan: No      |
| Palmer Square European CLO                      | Palmer Square European CLO 2024-1 DAC               | CUSIP: BCC3FQ380<br>LEI: 254900BQYBO0YZH5G587 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2006092.98   | 0.43%             | 2037-05-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| MESP 2024-1 B MTGE VAR 07/28/2032   /           | MESP 2024-1 B MTGE VAR 07/28/2032   /               | CUSIP: BCC3G0FW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | XX        |   2533199 | PA      | $2590196.46   | 0.56%             | 2032-07-28      | Variable      | 13.68%                | No            | 3                  | On Loan: No      |
| EURO FORWARD CONTRACT 08/20/2027   /            | EURO FORWARD CONTRACT 08/20/2027   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1480000 | OU      | $-1787458.56  | -0.39%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 08/21/2026   /            | EURO FORWARD CONTRACT 08/21/2026   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -360000 | OU      | $-429252.90   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 08/24/2026   /            | EURO FORWARD CONTRACT 08/24/2026   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -70000 | OU      | $-83477.91    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FORWARD CONTRACT 10/14/25   /               | EUR FORWARD CONTRACT 10/14/25   /                   | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        | -14425000 | OU      | $-16950513.50 | -3.65%            |  |  |  | No            | 2                  | On Loan: No      |
| Palmer Square European Loan Fu                  | Palmer Square European Loan Funding 2024-3 DAC      | CUSIP: BCC3J2TW8<br>LEI: 254900IYUKLJNYNCCC63 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2144158.25   | 0.46%             | 2034-05-15      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square European CLO                      | Palmer Square European CLO 2023-1 DAC               | CUSIP: BCC3JKTZ1<br>LEI: 54930088SCW7OACNS247 | Long             | ABS-CBDO         | CORP              | IE        |    500000 | PA      | $571095.74    | 0.12%             | 2038-01-15      | Floating      | 10.30%                | No            | 2                  | On Loan: No      |
| Pymes Magdalena                                 | Fondo de Titulizacion Magdalena 11                  | CUSIP: BCC3JL3Y0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | ES        |   2128799 | PA      | $2493079.51   | 0.54%             | 2054-07-04      | Floating      | 8.47%                 | No            | 3                  | On Loan: No      |
| SANTADER CONSUMER FINANCE24-1 12/25/34   /      | SANTADER CONSUMER FINANCE24-1 12/25/34   /          | CUSIP: BCC3JLXT8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | SE        |  15113890 | PA      | $1601484.10   | 0.35%             | 2034-12-25      | Variable      | 8.72%                 | No            | 3                  | On Loan: No      |
| LLOYDS BANK PLC 12/16/2030   /                  | LLOYDS BANK PLC 12/16/2030   /                      | CUSIP: BCC3JSBM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   2500000 | PA      | $3366325.98   | 0.73%             | 2030-12-16      | Variable      | 8.47%                 | No            | 3                  | On Loan: No      |
| LLOYDS BANK PLC 12/16/2030   /                  | LLOYDS BANK PLC 12/16/2030   /                      | CUSIP: BCC3JSBN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   2990997 | PA      | $4031571.03   | 0.87%             | 2030-12-16      | Variable      | 11.32%                | No            | 3                  | On Loan: No      |
| LBBW LION-6 SNR 10/30/2036   /                  | LBBW LION-6 SNR 10/30/2036   /                      | CUSIP: BCC3JWDF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | XX        |   3751489 | PA      | $4438586.56   | 0.96%             | 2036-10-30      | Variable      | 9.67%                 | No            | 3                  | On Loan: No      |
| Palmer Square European CLO                      | Palmer Square European CLO 2025-1 DAC               | CUSIP: 999999999<br>LEI: 2549005G74H3SLK9WL32 | Long             | ABS-CBDO         | CORP              | IE        |   1250000 | PA      | $1298316.80   | 0.28%             | 2039-10-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| GRANVILLE USD Ltd. VAR RT 02/15/2030   /        | GRANVILLE USD Ltd. VAR RT 02/15/2030   /            | CUSIP: BCC3KJ828<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5000000.00   | 1.08%             | 2030-02-15      | Variable      | 10.63%                | No            | 3                  | On Loan: No      |
| Palmer Square European Loan Fu                  | Palmer Square European Loan Funding 2025-1 DAC      | CUSIP: BCC3KWHS2<br>LEI: 254900YQGLL0XDHT7334 | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $1173984.50   | 0.25%             | 2034-10-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| GREGORY SPV SRL VAR RT12/30/2045   /            | GREGORY SPV SRL VAR RT12/30/2045   /                | CUSIP: BCC3LJFB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | XX        |   8288000 | PA      | $9735821.55   | 2.10%             | 2045-12-30      | Variable      | 9.76%                 | No            | 3                  | On Loan: No      |
| Deutsche Bank AG                                | Deutsche Bank A.G./GATE 2025-1                      | CUSIP: BCC3LQKC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | DE        |   2000000 | PA      | $2356092.98   | 0.51%             | 2035-10-25      | Floating      | 11.44%                | No            | 3                  | On Loan: No      |
| Palmer Square European Loan Fu                  | Palmer Square European Loan Funding 2025-2 DAC      | CUSIP: BCC3M6M36<br>LEI: 254900595EZPT26ANZ17 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2350985.21   | 0.51%             | 2035-02-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Magdalena                                       | Magdalena 12 Fondo de Titulizacion                  | CUSIP: 999999999<br>LEI: 9845005C1F6CC38CAA33 | Long             | ABS-CBDO         | CORP              | ES        |   5200000 | PA      | $6104719.42   | 1.32%             | 2039-12-31      | Floating      | 9.03%                 | No            | 3                  | On Loan: No      |
| LEGO 2023-1 B VAR RT 6/25/2035   /              | LEGO 2023-1 B VAR RT 6/25/2035   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | DK        |  33128000 | PA      | $5228493.64   | 1.13%             | 2035-06-25      | Variable      | 8.62%                 | No            | 3                  | On Loan: No      |
| Palmer Square European CLO                      | Palmer Square European CLO 2025-2 DAC               | CUSIP: BCC3MHY21<br>LEI: 254900W87JZZIIW4U960 | Long             | ABS-CBDO         | CORP              | IE        |    475000 | PA      | $545904.15    | 0.12%             | 2038-07-15      | Floating      | 10.20%                | No            | 2                  | On Loan: No      |
| Palmer Square European CLO                      | Palmer Square European CLO 2025-2 DAC               | CUSIP: 999999999<br>LEI: 254900W87JZZIIW4U960 | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1685830.77   | 0.36%             | 2038-07-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Palmer Square European Loan Fu                  | Palmer Square European Loan Funding 2025-3 DAC      | CUSIP: 999999999<br>LEI: 254900VGFCQBASWATQ78 | Long             | ABS-CBDO         | CORP              | IE        |   1250000 | PA      | $1467480.63   | 0.32%             | 2035-07-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| BCP SPECIAL OPP LP OFFSHORE FEEDER III   /      | BCP SPECIAL OPP LP OFFSHORE FEEDER III   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $869094.92    | 0.19%             |  |  |  | No            | N/A                | On Loan: No      |
| CARDINAL PARENT INC                             | Cardinal Parent, Inc.                               | CUSIP: 14153EAC9<br>LEI: 5493009YXQNPN3HQQH84 | Long             | LON              | CORP              | US        |   1966627 | PA      | $1957000.46   | 0.42%             | 2027-11-12      | Floating      | 8.95%                 | No            | 2                  | On Loan: No      |
| HS PURCHASER LLC                                | HS Purchaser LLC                                    | CUSIP: 42351EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1480469 | PA      | $1403580.61   | 0.30%             | 2026-11-30      | Floating      | 8.28%                 | No            | 2                  | On Loan: No      |
| FLORIDA FOODS PRODUCTS                          | Florida Food Products LLC                           | CUSIP: 34068GAD4<br>LEI: 254900J6FNIX7DTKUV52 | Long             | LON              | CORP              | US        |    488608 | PA      | $338971.52    | 0.07%             | 2028-10-18      | Floating      | 9.59%                 | No            | 2                  | On Loan: No      |
| IVANTI SOFTWARE INC                             | Ivanti Software, Inc.                               | CUSIP: 46583DAG4<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |   1101873 | PA      | $918686.29    | 0.20%             | 2027-12-01      | Floating      | 8.79%                 | No            | 2                  | On Loan: No      |
| FORTNA GROUP INC                                | Fortna Group, Inc.                                  | CUSIP: 74339YAB8<br>LEI: 254900DCEJ6U69AEM264 | Long             | LON              | CORP              | US        |    535604 | PA      | $445622.14    | 0.10%             | 2029-06-01      | Floating      | 10.08%                | No            | 2                  | On Loan: No      |
| NEPTUNE BIDCO US INC                            | Neptune Bidco US, Inc.                              | CUSIP: 64069JAF9<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |   1972267 | PA      | $1881049.31   | 0.41%             | 2028-10-11      | Floating      | 9.18%                 | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 10/22/2025   /                 | EUR FWD CONTRACT 10/22/2025   /                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -270000 | OU      | $-317440.41   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 10/22/2026   /                 | EUR FWD CONTRACT 10/22/2026   /                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -270000 | OU      | $-322031.61   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| Rockford Tower CLO Ltd                          | Rockford Tower CLO 2017-2 Ltd.                      | CUSIP: 77340HAE9<br>LEI: 549300G18KVCW7VUKI86 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504940.75    | 0.11%             | 2029-10-15      | Floating      | 10.83%                | Yes           | 2                  | On Loan: No      |
| Sculptor CLO Ltd                                | Sculptor CLO XXIX Ltd.                              | CUSIP: 81124EAY6<br>LEI: 254900GX0OVY3JW8NA67 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502325.50    | 0.11%             | 2038-07-22      | Floating      | 8.84%                 | Yes           | 2                  | On Loan: No      |
| NEPTUNE BIDCO US INC                            | Neptune Bidco US, Inc.                              | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |   1959912 | PA      | $1870745.88   | 0.40%             | 2029-04-11      | Floating      | 9.43%                 | No            | 2                  | On Loan: No      |
| RESOLUTE INVESMENT MANA                         | Resolute Investment Managers, Inc.                  | CUSIP: 04635WAL8<br>LEI: 5493000DRVCSZDWGPC49 | Long             | LON              | CORP              | US        |   5009384 | PA      | $4408257.65   | 0.95%             | 2027-04-30      | Floating      | 11.06%                | No            | 2                  | On Loan: No      |
| RUSSELL INVESTMENTS US                          | Russell Investments U.S. Institutional Holdco, Inc. | CUSIP: 78249LAE0<br>LEI: 5493008YG7V0FQCJQI74 | Long             | LON              | CORP              | US        |   5634541 | PA      | $5424259.64   | 1.17%             | 2027-05-28      | Floating      | 9.28%                 | No            | 2                  | On Loan: No      |
| CB_Buyer_DDTL_7/1/31 DELAYED DRAW   /           | CB_Buyer_DDTL_7/1/31 DELAYED DRAW   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    677195 | PA      | $676518.04    | 0.15%             | 2031-07-01      | Fixed         | 1.00%                 | No            | 3                  | On Loan: No      |
| CB_Buyer_RCF_7/1/31 REVOLVER   /                | CB_Buyer_RCF_7/1/31 REVOLVER   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    394750 | PA      | $394355.25    | 0.08%             | 2031-07-01      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| CB_Buyer_TL_7/1/31 TERM LOAN   /                | CB_Buyer_TL_7/1/31 TERM LOAN   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3890737 | PA      | $3886845.90   | 0.84%             | 2031-07-01      | Variable      | 9.25%                 | No            | 3                  | On Loan: No      |
| CIRE ALTO OpCo LLC TL 11/29/2024   /            | CIRE ALTO OpCo LLC TL 11/29/2024   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    363280 | PA      | $363279.50    | 0.08%             | 2025-10-31      | Variable      | 24.09%                | No            | 3                  | On Loan: No      |
| 720 East CLO Ltd.                               | 720 East CLO 2023-II Ltd.                           | CUSIP: 817941AU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750000.00    | 0.16%             | 2038-10-15      | Floating      | 6.92%                 | Yes           | 2                  | On Loan: No      |
| 720 East CLO Ltd.                               | 720 East CLO 2023-II Ltd.                           | CUSIP: 817942AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250000.00    | 0.05%             | 2038-10-15      | Floating      | 6.67%                 | Yes           | 2                  | On Loan: No      |
| Shackleton CLO LTD                              | Shackleton 2019-XIV Clo Ltd.                        | CUSIP: 81880YAJ9<br>LEI: 549300HOHPZON6E4VH77 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $602122.32    | 0.13%             | 2034-07-20      | Floating      | 10.23%                | Yes           | 2                  | On Loan: No      |
| Signal Peak CLO, LLC                            | Signal Peak CLO 4 Ltd.                              | CUSIP: 82667EAQ4<br>LEI: 635400L44OLNOBHFTO08 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.11%             | 2034-10-26      | Floating      | 5.81%                 | Yes           | 2                  | On Loan: No      |
| Silver Point CLO, Ltd                           | Silver Point CLO 12 Ltd.                            | CUSIP: 82809MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.11%             | 2038-10-15      | Floating      | 5.31%                 | Yes           | 2                  | On Loan: No      |
| Silver Point CLO, Ltd                           | Silver Point CLO 9 Ltd.                             | CUSIP: 82809VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1006144.60   | 0.22%             | 2038-03-31      | Floating      | 5.81%                 | Yes           | 2                  | On Loan: No      |
| Trestles CLO LTD                                | Trestles CLO VI Ltd.                                | CUSIP: 894940AQ8<br>LEI: 254900837GHK5VH7YU15 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752060.33    | 0.16%             | 2038-04-25      | Floating      | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Trinitas CLO Ltd                                | Trinitas CLO XV Ltd.                                | CUSIP: 89642BAA0<br>LEI: 254900ZVDNHQAUJNHH42 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246875.00    | 0.05%             | 2034-04-24      | Floating      | 12.04%                | Yes           | 2                  | On Loan: No      |
| Trinitas CLO Ltd                                | Trinitas CLO XXXIV Ltd.                             | CUSIP: 89643KAG6<br>LEI: 25490071N57QJLN0S821 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1019931.30   | 0.22%             | 2038-04-22      | Floating      | 8.33%                 | Yes           | 2                  | On Loan: No      |
| Trinitas CLO Ltd                                | Trinitas CLO XXXIV Ltd.                             | CUSIP: 89643LAA7<br>LEI: 25490071N57QJLN0S821 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $510222.55    | 0.11%             | 2038-04-22      | Floating      | 11.49%                | Yes           | 2                  | On Loan: No      |
| U.S. Bank National Association                  | U.S. Bank N.A.                                      | CUSIP: 90357PBJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1151622 | PA      | $1175805.60   | 0.25%             | 2032-02-25      | Floating      | 11.86%                | Yes           | 3                  | On Loan: No      |
| Venture CDO Ltd                                 | Venture 38 CLO Ltd.                                 | CUSIP: 92332NBC8<br>LEI: 549300EM6DS6KQH1HN07 | Long             | ABS-CBDO         | CORP              | KY        |    380116 | PA      | $379241.06    | 0.08%             | 2032-07-30      | Floating      | 5.31%                 | Yes           | 2                  | On Loan: No      |
| Verdelite Static CLO Ltd                        | Verdelite Static CLO 2024-1 Ltd.                    | CUSIP: 92338VAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501374.10    | 0.11%             | 2032-07-20      | Floating      | 7.18%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2015-3 Ltd.                                | CUSIP: 92913UBS4<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.11%             | 2031-10-20      | Floating      | 7.23%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2017-3 Ltd.                                | CUSIP: 92915QBN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002561.60   | 0.22%             | 2034-04-20      | Floating      | 7.43%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2017-1 Ltd.                                | CUSIP: 92916MAD3<br>LEI: 54930054YW6PM1FPVU95 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502505.45    | 0.11%             | 2030-04-17      | Floating      | 7.91%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2013-1 Ltd.                                | CUSIP: 92917CAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501387.00    | 0.11%             | 2030-10-15      | Floating      | 7.53%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2018-2 Ltd.                                | CUSIP: 92917JAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250948.30    | 0.05%             | 2031-07-15      | Floating      | 7.33%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2018-3 Ltd.                                | CUSIP: 92917KAE4<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |    525000 | PA      | $525000.00    | 0.11%             | 2031-10-15      | Floating      | 7.58%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2019-1 Ltd.                                | CUSIP: 92917NBC1<br>LEI: 549300KSCKXTOBY0IP86 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $503095.75    | 0.11%             | 2037-10-15      | Floating      | 7.37%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2019-2 Ltd.                                | CUSIP: 92917RAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501534.65    | 0.11%             | 2032-07-20      | Floating      | 8.29%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2020-3 Ltd.                                | CUSIP: 92918NAY3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501724.45    | 0.11%             | 2038-01-20      | Floating      | 5.58%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2020-3 Ltd.                                | CUSIP: 92918NBE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504184.80    | 0.11%             | 2038-01-20      | Floating      | 7.03%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2022-4 Ltd.                                | CUSIP: 92920MAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $506026.75    | 0.11%             | 2037-04-20      | Floating      | 11.03%                | Yes           | 2                  | On Loan: No      |
| Whitebox CLO Ltd                                | Whitebox CLO IV Ltd.                                | CUSIP: 96467KAU3<br>LEI: 549300SN372GTCE2YI66 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501407.05    | 0.11%             | 2036-04-20      | Floating      | 8.23%                 | Yes           | 2                  | On Loan: No      |
| ACCORDION DDTL 2 PRE-FUNDING 11/17/31   /       | ACCORDION DDTL 2 PRE-FUNDING 11/17/31   /           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     86957 | PA      | $86713.04     | 0.02%             | 2031-11-17      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| ACCORDION TL 2 PRE-FUNDING 11/17/31   /         | ACCORDION TL 2 PRE-FUNDING 11/17/31   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    576812 | PA      | $575196.51    | 0.12%             | 2031-11-17      | Variable      | 9.25%                 | No            | 3                  | On Loan: No      |
| ACER TREE CREDIT OPP PARTNERS LP   /            | ACER TREE CREDIT OPP PARTNERS LP   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $8147719.90   | 1.76%             |  |  |  | No            | 3                  | On Loan: No      |
| AUDAX RICCOBENE TL   /                          | AUDAX RICCOBENE TL   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1313484 | PA      | $1299036.09   | 0.28%             | 2027-11-12      | Variable      | 9.32%                 | No            | 3                  | On Loan: No      |
| AUDAX SUMMIT SPINE REVOLVER   /                 | AUDAX SUMMIT SPINE REVOLVER   /                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24876 | PA      | $24776.12     | 0.01%             | 2028-03-18      | Variable      | 9.08%                 | No            | 3                  | On Loan: No      |
| AUDAX SUMMIT SPINE TL   /                       | AUDAX SUMMIT SPINE TL   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2742438 | PA      | $2731468.05   | 0.59%             | 2028-03-18      | Variable      | 9.08%                 | No            | 3                  | On Loan: No      |
| AUDAX Co.-INVEST TL    /                        | AUDAX Co.-INVEST TL    /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3065326 | PA      | $3053064.23   | 0.66%             | 2026-10-28      | Variable      | 10.05%                | No            | 3                  | On Loan: No      |
| TCW ACCURAY PENNY PENNY WARRANTS   /            | TCW ACCURAY PENNY PENNY WARRANTS   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    156188 | NC      | $255367.38    | 0.06%             |  |  |  | No            | 3                  | On Loan: No      |
| TCW ACCURAY PREMIUM PREMIUM WARRANTS   /        | TCW ACCURAY PREMIUM PREMIUM WARRANTS   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    429518 | NC      | $368989.89    | 0.08%             |  |  |  | No            | 3                  | On Loan: No      |
| ARBOUR LANE CREDIT OPP FUND IV LP   /           | ARBOUR LANE CREDIT OPP FUND IV LP   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1696334.77   | 0.37%             |  |  |  | No            | N/A                | On Loan: No      |
| ARES CAPITAL 2023-1 SUBORDINATED NOTE   /       | ARES CAPITAL 2023-1 SUBORDINATED NOTE   /           | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    713746 | PA      | $741600.25    | 0.16%             | 2033-07-11      | None          | 0.00%                 | No            | N/A                | On Loan: No      |
| ARTS SPV SRL VAR RT11/30/2041   /               | ARTS SPV SRL VAR RT11/30/2041   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | XX        |   5000000 | PA      | $5870098.61   | 1.27%             | 2041-11-30      | Variable      | 10.56%                | No            | 3                  | On Loan: No      |
| Audax Private Credit FTPC   /                   | Audax Private Credit FTPC   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $13989288.00  | 3.02%             |  |  |  | No            | N/A                | On Loan: No      |
| Deutsche Bank AG                                | Deutsche Bank A.G./CRAFT                            | CUSIP: BCC32J802<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | DE        |   2323221 | PA      | $2764633.54   | 0.60%             | 2029-02-21      | Floating      | 12.98%                | No            | 3                  | On Loan: No      |
| Palmer Square European Loan Fu                  | Palmer Square European Loan Funding                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    600000 | PA      | $0.00         | 0.00%             | 2032-11-15      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| ST. LAWRENCE SRT USD CORP.                      | ST. LAWRENCE SRT USD CORP.                          | CUSIP: 999999999<br>LEI: 254900Q1AXE1IXAJJM39 | Long             | ABS-CBDO         | CORP              | CA        |   3000000 | PA      | $3032070.00   | 0.65%             | 2033-05-25      | Floating      | 14.09%                | No            | 3                  | On Loan: No      |
| Palmer Square European CLO                      | Palmer Square European CLO 2023-1 DAC               | CUSIP: 999999999<br>LEI: 54930088SCW7OACNS247 | Long             | ABS-CBDO         | CORP              | IE        |   1050000 | PA      | $874671.70    | 0.19%             | 2038-01-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Palmer Square European Loan Fu                  | Palmer Square European Loan Funding 2023-2 DAC      | CUSIP: 999999999<br>LEI: 549300XJWVHAIRILDH71 | Long             | ABS-CBDO         | CORP              | IE        |    900000 | PA      | $872284.69    | 0.19%             | 2033-01-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Palmer Square European CLO                      | Palmer Square European CLO 2023-2 DAC               | CUSIP: 999999999<br>LEI: 549300EVQ1VRDUGS6I93 | Long             | ABS-CBDO         | CORP              | IE        |   1450000 | PA      | $1076956.09   | 0.23%             | 2036-10-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Palmer Square European Loan Fu                  | Palmer Square European Loan Funding 2023-3 DAC      | CUSIP: BCC3CQ5F5<br>LEI: 54930004WJL9ZPQZOM50 | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $943474.99    | 0.20%             | 2033-05-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Palmer Square European Loan Fu                  | Palmer Square European Loan Funding 2024-1 DAC      | CUSIP: 999999999<br>LEI: 254900S9D49Z2X16W073 | Long             | ABS-CBDO         | CORP              | IE        |   2500000 | PA      | $2209626.67   | 0.48%             | 2033-08-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Ducati 2024-1 CLN VAR 06/20/2030   /            | Ducati 2024-1 CLN VAR 06/20/2030   /                | CUSIP: BCC3F2FG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | XX        |   3036386 | PA      | $3627052.17   | 0.78%             | 2030-06-20      | Variable      | 11.03%                | No            | 3                  | On Loan: No      |
| LBBW LION-5 MEZ MTGE VAR 07/31/2034   /         | LBBW LION-5 MEZ MTGE VAR 07/31/2034   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | XX        |   1854723 | PA      | $2162391.87   | 0.47%             | 2034-07-31      | Variable      | 11.02%                | No            | 3                  | On Loan: No      |
| COLSS 2024-2 F Mtge VAR RT 05/22/2034   /       | COLSS 2024-2 F Mtge VAR RT 05/22/2034   /           | CUSIP: BCC3GBMB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   1801161 | PA      | $2463951.78   | 0.53%             | 2034-05-22      | None          | 14.95%                | No            | 3                  | On Loan: No      |
| Palmer Square European CLO                      | Palmer Square European CLO 2024-2 DAC               | CUSIP: 999999999<br>LEI: 2549001Y8MR5PODEEG55 | Long             | ABS-CBDO         | CORP              | IE        |   2825000 | PA      | $3069303.80   | 0.66%             | 2037-10-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Palmer Square European Loan Fu                  | Palmer Square European Loan Funding 2024-2 DAC      | CUSIP: 999999999<br>LEI: 254900G4AVDGFB7U1712 | Long             | ABS-CBDO         | CORP              | IE        |   4000000 | PA      | $3864954.21   | 0.83%             | 2034-05-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 1/24/28   /               | EURO FORWARD CONTRACT 1/24/28   /                   | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -40000 | OU      | $-48628.32    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 02/20/2026   /            | EURO FORWARD CONTRACT 02/20/2026   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -550000 | OU      | $-650673.81   | -0.14%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 02/22/2027   /            | EURO FORWARD CONTRACT 02/22/2027   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1486000 | OU      | $-1781397.23  | -0.38%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 02/23/2026   /            | EURO FORWARD CONTRACT 02/23/2026   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   1425000 | OU      | $1686109.62   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 02/23/2026   /            | EURO FORWARD CONTRACT 02/23/2026   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1505000 | OU      | $-1780768.41  | -0.38%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 03/13/28   /              | EURO FORWARD CONTRACT 03/13/28   /                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2336000 | OU      | $-2845751.57  | -0.61%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 04/21/2028   /                 | EUR FWD CONTRACT 04/21/2028   /                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -50000 | OU      | $-61010.94    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 4/22/2026   /                  | EUR FWD CONTRACT 4/22/2026   /                      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -270000 | OU      | $-320073.53   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 4/22/2027   /                  | EUR FWD CONTRACT 4/22/2027   /                      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -280000 | OU      | $-336482.70   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 05/21/2027   /            | EURO FORWARD CONTRACT 05/21/2027   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -60000 | OU      | $-72190.37    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 05/22/2026   /            | EURO FORWARD CONTRACT 05/22/2026   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2134000 | OU      | $-2533407.27  | -0.55%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 05/24/27   /              | EURO FORWARD CONTRACT 05/24/27   /                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -90000 | OU      | $-108299.06   | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 06/04/27   /                   | EUR FWD CONTRACT 06/04/27   /                       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1976000 | OU      | $-2378854.20  | -0.51%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 06/18/26   /              | EURO FORWARD CONTRACT 06/18/26   /                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    144000 | OU      | $171173.29    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 07/15/2026   /                 | EUR FWD CONTRACT 07/15/2026   /                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -475000 | OU      | $-565367.39   | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| Fingerpaint_TL 12/20/26 TERM LOAN   /           | Fingerpaint_TL 12/20/26 TERM LOAN   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    349554 | PA      | $349553.56    | 0.08%             | 2026-12-20      | Variable      | 9.76%                 | No            | 3                  | On Loan: No      |
| GBP FWD CONTRACT 10/14/2025   /                 | GBP FWD CONTRACT 10/14/2025   /                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | GB        |  -3708000 | OU      | $-4987115.27  | -1.07%            |  |  |  | No            | 2                  | On Loan: No      |
| GBP FWD CONTRACT 11/14/2025   /                 | GBP FWD CONTRACT 11/14/2025   /                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | GB        |  -3708000 | OU      | $-4987407.07  | -1.07%            |  |  |  | No            | 2                  | On Loan: No      |
| PHYNET DERMATOLOGY DDTL 8/16/24   /             | PHYNET DERMATOLOGY DDTL 8/16/24   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    517241 | PA      | $506896.55    | 0.11%             | 2029-10-20      | None          | 11.49%                | No            | 3                  | On Loan: No      |
| PHYNET DERMATOLOGY TL 8/16/24   /               | PHYNET DERMATOLOGY TL 8/16/24   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    964379 | PA      | $945091.29    | 0.20%             | 2029-10-20      | Variable      | 10.83%                | No            | 3                  | On Loan: No      |
| PROJECT LEOPARD HOLDINGS                        | Project Leopard Holdings, Inc.                      | CUSIP: 74338UAG6<br>LEI: 254900QOZVLO3PEJYN33 | Long             | LON              | CORP              | US        |   2767183 | PA      | $2503719.15   | 0.54%             | 2029-07-20      | Floating      | 9.66%                 | No            | 2                  | On Loan: No      |
| PROTERRA CREDIT 3 LP    /                       | PROTERRA CREDIT 3 LP    /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2004362.61   | 0.43%             |  |  |  | No            | N/A                | On Loan: No      |
| TANK HOLDING Corp. TERM LOAN   /                | TANK HOLDING Corp. TERM LOAN   /                    | CUSIP: 87583FAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1851506 | PA      | $1760782.59   | 0.38%             | 2028-03-31      | Variable      | 9.91%                 | No            | 2                  | On Loan: No      |
| TANK HOLDING Corp. TERM LOAN 5/11/29   /        | TANK HOLDING Corp. TERM LOAN 5/11/29   /            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    682500 | PA      | $647736.86    | 0.14%             | 2029-05-11      | Variable      | 10.16%                | No            | 2                  | On Loan: No      |
| TAOGLAS_RC_2/28/29    /                         | TAOGLAS_RC_2/28/29    /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    214991 | PA      | $205854.15    | 0.04%             | 2029-02-28      | Variable      | 0.50%                 | No            | 3                  | On Loan: No      |
| TAOGLAS_IRISH_TL 2/28/29   /                    | TAOGLAS_IRISH_TL 2/28/29   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    767346 | PA      | $734733.83    | 0.16%             | 2029-02-28      | Variable      | 11.25%                | No            | 3                  | On Loan: No      |
| TCW Accuray DDTL    /                           | TCW Accuray DDTL    /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    500000 | PA      | $499896.90    | 0.11%             | 2030-06-05      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| TCW ACCURAY, Inc. TL   /                        | TCW ACCURAY, Inc. TL   /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3042000 | PA      | $2364342.88   | 0.51%             | 2030-06-05      | Variable      | 14.86%                | No            | 3                  | On Loan: No      |
| TCW Co.-Invest TL CONNECT AMERICA   /           | TCW Co.-Invest TL CONNECT AMERICA   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3980000 | PA      | $3900400.00   | 0.84%             | 2028-12-31      | Variable      | 9.80%                 | No            | 3                  | On Loan: No      |
| TCW FROST BUYER DDTL LLC   /                    | TCW FROST BUYER DDTL LLC   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     84082 | PA      | $82248.80     | 0.02%             | 2031-05-06      | Variable      | 9.56%                 | No            | 3                  | On Loan: No      |
| TCW FROST BUYER T/L LLC   /                     | TCW FROST BUYER T/L LLC   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2871795 | PA      | $2809174.64   | 0.61%             | 2031-05-06      | Variable      | 9.56%                 | No            | 3                  | On Loan: No      |
| TCW DIRECT LENING VIII LLC FTPC   /             | TCW DIRECT LENING VIII LLC FTPC   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7519364.37   | 1.62%             |  |  |  | No            | N/A                | On Loan: No      |
| TCW FENIX DDTL B-1 TOPCO LLC   /                | TCW FENIX DDTL B-1 TOPCO LLC   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50716 | PA      | $48535.24     | 0.01%             | 2027-04-02      | Variable      | 11.05%                | No            | 3                  | On Loan: No      |
| TCW FENIX TOPCO B TL B 3/28/2029   /            | TCW FENIX TOPCO B TL B 3/28/2029   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    845690 | PA      | $809325.17    | 0.17%             | 2029-03-28      | Variable      | 13.80%                | No            | 3                  | On Loan: No      |
| TCW IPSEN TL LLC   /                            | TCW IPSEN TL LLC   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4242747 | PA      | $4096372.40   | 0.88%             | 2029-07-31      | Variable      | 15.07%                | No            | 3                  | On Loan: No      |
| TCW KICHLER LIGHTING    /                       | TCW KICHLER LIGHTING    /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3965553 | PA      | $3864431.88   | 0.83%             | 2029-09-18      | Variable      | 14.33%                | No            | 3                  | On Loan: No      |
| TCW RESCUE FINANCING    /                       | TCW RESCUE FINANCING    /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3295223.05   | 0.71%             |  |  |  | No            | N/A                | On Loan: No      |
| TCW DOREL TERM LOAN   /                         | TCW DOREL TERM LOAN   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5000000 | PA      | $4768981.50   | 1.03%             | 2030-09-29      | Variable      | 7.94%                 | No            | 3                  | On Loan: No      |
| USN GloNeph TL MATURITY 12/21/26   /            | USN GloNeph TL MATURITY 12/21/26   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2468750 | PA      | $2468750.00   | 0.53%             | 2026-12-21      | Variable      | 10.18%                | No            | 3                  | On Loan: No      |
| CPC CIRTEC HOLDINGS TL 1/30/29   /              | CPC CIRTEC HOLDINGS TL 1/30/29   /                  | CUSIP: 12652MAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    975000 | PA      | $968175.00    | 0.21%             | 2029-01-30      | Variable      | 9.32%                 | No            | 3                  | On Loan: No      |
| CCLF SPV LLC CLO EQUITY 4/29/34   /             | CCLF SPV LLC CLO EQUITY 4/29/34   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1248250 | PA      | $1325722.79   | 0.29%             | 2034-04-29      | None          | 0.00%                 | No            | N/A                | On Loan: No      |
| DENTIVE TL 12/23/28 TERM LOAN   /               | DENTIVE TL 12/23/28 TERM LOAN   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    274407 | PA      | $263293.71    | 0.06%             | 2028-12-23      | Variable      | 10.75%                | No            | 3                  | On Loan: No      |
| DENTIVE TL 12/23/28 DELAYED DRAW TL   /         | DENTIVE TL 12/23/28 DELAYED DRAW TL   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    136672 | PA      | $131137.12    | 0.03%             | 2028-12-23      | Fixed         | 1.00%                 | No            | 3                  | On Loan: No      |
| Dentive_IncrDDTL 12/26/28   /                   | Dentive_IncrDDTL 12/26/28   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2987625 | PA      | $2866626.19   | 0.62%             | 2028-12-26      | Fixed         | 1.00%                 | No            | 3                  | On Loan: No      |
| DIGICERT 2ND LIEN   /                           | DIGICERT 2ND LIEN   /                               | CUSIP: 24022KAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2032961 | PA      | $1855076.99   | 0.40%             | 2029-02-24      | Variable      | 11.16%                | No            | 2                  | On Loan: No      |
| DSC MERIDIAN LP    /                            | DSC MERIDIAN LP    /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $9403889.33   | 2.03%             |  |  |  | No            | 3                  | On Loan: No      |
| EURO FORWARD CONTRACT 1/21/28   /               | EURO FORWARD CONTRACT 1/21/28   /                   | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -40000 | OU      | $-48622.19    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 01/22/2026   /                 | EUR FWD CONTRACT 01/22/2026   /                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -330000 | OU      | $-389794.32   | -0.08%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 1/22/2027   /                  | EUR FWD CONTRACT 1/22/2027   /                      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -240000 | OU      | $-287339.85   | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| WHWK DIP A1 INT DIP  12/31/2026   /             | WHWK DIP A1 INT DIP  12/31/2026   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    814953 | PA      | $814952.99    | 0.18%             | 2026-12-31      | Variable      | 10.00%                | No            | 3                  | On Loan: No      |
| WHWK A2 BRIDGE BRIDGE 10/31/2026   /            | WHWK A2 BRIDGE BRIDGE 10/31/2026   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    264667 | PA      | $264666.72    | 0.06%             | 2026-10-31      | Variable      | 10.00%                | No            | 3                  | On Loan: No      |
| WHWK DIP A2 INT DIP  12/31/2026   /             | WHWK DIP A2 INT DIP  12/31/2026   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1057498 | PA      | $1057497.97   | 0.23%             | 2026-12-31      | Variable      | 10.00%                | No            | 3                  | On Loan: No      |
| WHWK RETAINED FILO BRIDGE 10/31/2026   /        | WHWK RETAINED FILO BRIDGE 10/31/2026   /            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     75729 | PA      | $75728.77     | 0.02%             | 2026-10-31      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| WHITEHAWK IV PLUS    /                          | WHITEHAWK IV PLUS    /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2673064.46   | 0.58%             |  |  |  | No            | N/A                | On Loan: No      |
| WHITEHAWK C3 FINANCE TERM LOAN 04/22/2027   /   | WHITEHAWK C3 FINANCE TERM LOAN 04/22/2027   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2020000.00   | 0.44%             | 2027-04-22      | Variable      | 12.35%                | No            | 3                  | On Loan: No      |
| WHITEHAWK CATALYST TERM LOAN   /                | WHITEHAWK CATALYST TERM LOAN   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9000000 | PA      | $8910000.00   | 1.92%             | 2030-09-17      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| WHITEHAWK FAMILY DOL TERM LOAN 07/05/2030   /   | WHITEHAWK FAMILY DOL TERM LOAN 07/05/2030   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5000000 | PA      | $5000000.00   | 1.08%             | 2028-07-03      | Variable      | 10.81%                | No            | 3                  | On Loan: No      |
| WHITEHAWK NEPH TERM LOAN   /                    | WHITEHAWK NEPH TERM LOAN   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5000000 | PA      | $4975000.00   | 1.07%             | 2028-01-31      | Variable      | 13.50%                | No            | 3                  | On Loan: No      |
| WHITEHAWK SHRYNE TERM LOAN   /                  | WHITEHAWK SHRYNE TERM LOAN   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7727344 | PA      | $7727343.75   | 1.67%             | 2026-05-26      | Variable      | 15.58%                | No            | 3                  | On Loan: No      |
| WHWK STEW HEA BRIDGE BRIDGE 10/31/2024   /      | WHWK STEW HEA BRIDGE BRIDGE 10/31/2024   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    337119 | PA      | $0.00         | 0.00%             | 2026-05-28      | Variable      | 10.00%                | No            | 3                  | On Loan: No      |
| WHITEHAWK WEST SIDE TERM LOAN 09/03/2027   /    | WHITEHAWK WEST SIDE TERM LOAN 09/03/2027   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1497051 | PA      | $1556933.03   | 0.34%             | 2027-09-03      | Variable      | 13.35%                | No            | 3                  | On Loan: No      |
| EUR FWD CONTRACT 10/22/2027   /                 | EUR FWD CONTRACT 10/22/2027   /                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -110000 | OU      | $-133201.87   | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 10/30/25   /              | EURO FORWARD CONTRACT 10/30/25   /                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1250000 | OU      | $-1470415.25  | -0.32%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 11/06/26   /              | EURO FORWARD CONTRACT 11/06/26   /                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    368000 | OU      | $439188.68    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| EURO FWD CONTRACT 11/14/2025   /                | EURO FWD CONTRACT 11/14/2025   /                    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        | -14425500 | OU      | $-16980915.53 | -3.66%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 11/20/2026   /            | EURO FORWARD CONTRACT 11/20/2026   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2710000 | OU      | $-3236111.13  | -0.70%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 11/21/25   /              | EURO FORWARD CONTRACT 11/21/25   /                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -540000 | OU      | $-635925.05   | -0.14%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 11/23/26   /              | EURO FORWARD CONTRACT 11/23/26   /                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -80000 | OU      | $-95542.78    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 11/24/25   /              | EURO FORWARD CONTRACT 11/24/25   /                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    -70000 | OU      | $-82449.54    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 12/15/2025   /            | EURO FORWARD CONTRACT 12/15/2025   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -8389000 | OU      | $-9892885.71  | -2.13%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO FORWARD CONTRACT 12/23/2026   /            | EURO FORWARD CONTRACT 12/23/2026   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -485000 | OU      | $-579946.14   | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FORWARD FTPC CONTRACT 10/22/2025   /        | EUR FORWARD FTPC CONTRACT 10/22/2025   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -688000 | OU      | $-808885.20   | -0.17%            |  |  |  | No            | 2                  | On Loan: No      |
| EURO CURRENCY  /                                | EURO CURRENCY  /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | XX        |     98953 | OU      | $116169.32    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| FORTRESS CREDIT OPP XXVII CLO EQUITY   /        | FORTRESS CREDIT OPP XXVII CLO EQUITY   /            | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2124590 | PA      | $2339173.59   | 0.50%             | 2035-01-28      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| Fingerpaint_DDTL 12/20/26 DD TL   /             | Fingerpaint_DDTL 12/20/26 DD TL   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    461384 | PA      | $461383.88    | 0.10%             | 2026-12-20      | Variable      | 9.76%                 | No            | 3                  | On Loan: No      |
| IDC INFUSION DDTL 7/7/28  DDTERM LOAN   /       | IDC INFUSION DDTL 7/7/28  DDTERM LOAN   /           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    530130 | PA      | $532197.37    | 0.11%             | 2028-07-07      | None          | 11.89%                | No            | 3                  | On Loan: No      |
| IDC INFUSION TL 7/7/28 TERM LOAN   /            | IDC INFUSION TL 7/7/28 TERM LOAN   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1441851 | PA      | $1447473.88   | 0.31%             | 2028-07-07      | Variable      | 10.50%                | No            | 3                  | On Loan: No      |
| IDC INFUSION TL 2 7/7/28 TERM LOAN   /          | IDC INFUSION TL 2 7/7/28 TERM LOAN   /              | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3465000 | PA      | $3441091.50   | 0.74%             | 2028-07-07      | Variable      | 10.50%                | No            | 3                  | On Loan: No      |
| IRRADIANT_FRG_SPV FUNDED   /                    | IRRADIANT_FRG_SPV FUNDED   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2818223 | NS      | $167091.60    | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| IvantiNewCoTL_6/1/29 TL_06/01/29   /            | IvantiNewCoTL_6/1/29 TL_06/01/29   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     79571 | PA      | $82008.27     | 0.02%             | 2029-06-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| IVYFERT_INCR DDTL_01/03/29   /                  | IVYFERT_INCR DDTL_01/03/29   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1589812 | PA      | $1589811.50   | 0.34%             | 2029-01-03      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| IVYFERT_INCR TL_01/03/29   /                    | IVYFERT_INCR TL_01/03/29   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1321945 | PA      | $1321944.93   | 0.28%             | 2029-01-03      | Variable      | 10.12%                | No            | 3                  | On Loan: No      |
| KOHLBERG CLO    /                               | KOHLBERG CLO    /                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1558417.13   | 0.34%             | 2033-12-28      | None          | 0.00%                 | No            | N/A                | On Loan: No      |
| LINDEN INVESTORS LP    /                        | LINDEN INVESTORS LP    /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $8971499.43   | 1.93%             |  |  |  | No            | 3                  | On Loan: No      |
| LEONARD VALVE TERM LOAN 09/30/2027   /          | LEONARD VALVE TERM LOAN 09/30/2027   /              | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1980000 | PA      | $1980000.00   | 0.43%             | 2027-09-30      | Variable      | 9.50%                 | No            | 3                  | On Loan: No      |
| NEPTUNE BIDCO US, Inc. Nielsen_2L_TL_10/11/   / | NEPTUNE BIDCO US, Inc. Nielsen_2L_TL_10/11/   /     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3575814 | PA      | $3557934.88   | 0.77%             | 2029-10-11      | Variable      | 14.18%                | No            | 2                  | On Loan: No      |
| APOGEM MCF CLO 12 CLO   /                       | APOGEM MCF CLO 12 CLO   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4358982 | PA      | $4858085.22   | 1.05%             | 2028-02-24      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| Monroe_2nd_DDTL 12/20/28 DD TL   /              | Monroe_2nd_DDTL 12/20/28 DD TL   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    489438 | PA      | $489437.50    | 0.11%             | 2028-12-20      | Fixed         | 1.00%                 | No            | 3                  | On Loan: No      |
| Monroe 2nd TL 12/20/28 TERM LOAN   /            | Monroe 2nd TL 12/20/28 TERM LOAN   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    487500 | PA      | $487500.00    | 0.11%             | 2028-12-20      | Variable      | 9.55%                 | No            | 3                  | On Loan: No      |
| MSILF Government Portfolio                      | MSILF Government Portfolio - Class Institutional    | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   1180000 | PA      | $1180000.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| NXT CAPITAL CLO 2026-1 CLO EQUITY   /           | NXT CAPITAL CLO 2026-1 CLO EQUITY   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2956000 | PA      | $3104982.40   | 0.67%             | 2028-06-24      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| OLD ORCHARD CRDIT FUND LP FTPCF   /             | OLD ORCHARD CRDIT FUND LP FTPCF   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7006777.94   | 1.51%             |  |  |  | No            | 3                  | On Loan: No      |
| OTHERO NEBRASKA TL 7/31/28 TL   /               | OTHERO NEBRASKA TL 7/31/28 TL   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1543830 | PA      | $1543829.76   | 0.33%             | 2028-07-31      | Variable      | 10.90%                | No            | 3                  | On Loan: No      |
| PHYNET DERMATOLOGY 8TH DDTL 10/20/2029   /      | PHYNET DERMATOLOGY 8TH DDTL 10/20/2029   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1015124 | PA      | $994821.32    | 0.21%             | 2029-10-20      | None          | 11.49%                | No            | 3                  | On Loan: No      |
| PHYNET DERMATOLOGY 8TH TL 10/20/2029   /        | PHYNET DERMATOLOGY 8TH TL 10/20/2029   /            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    481241 | PA      | $471616.59    | 0.10%             | 2029-10-20      | Variable      | 10.83%                | No            | 3                  | On Loan: No      |
| Palmer Square Capital BDC Inc                   | Palmer Square Capital BDC, Inc.                     | CUSIP: 69702V107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124379 | NS      | $1526130.33   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| RISKONNECT DDTL 12/07/28   /                    | RISKONNECT DDTL 12/07/28   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4000000 | PA      | $3970000.00   | 0.86%             | 2028-12-07      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| RISKONNECT TL 12/07/28   /                      | RISKONNECT TL 12/07/28   /                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    965311 | PA      | $962897.68    | 0.21%             | 2028-12-07      | Variable      | 8.62%                 | No            | 2                  | On Loan: No      |
| Royal Palm I 1L DDTL 10/24/33 MATURITY   /      | Royal Palm I 1L DDTL 10/24/33 MATURITY   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    409869 | PA      | $408024.87    | 0.09%             | 2033-10-24      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| RoyalPalmI TL2 MATURITY 10/24/2033   /          | RoyalPalmI TL2 MATURITY 10/24/2033   /              | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     84778 | PA      | $84396.76     | 0.02%             | 2033-10-24      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| RoyalPalmI_TL 1 MATURITY 10/24/2033   /         | RoyalPalmI_TL 1 MATURITY 10/24/2033   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    674539 | PA      | $671504.02    | 0.14%             | 2033-10-24      | Variable      | 11.32%                | No            | 3                  | On Loan: No      |
| RoyalPalm II_TL_ MATURITY 10/24/2028   /        | RoyalPalm II_TL_ MATURITY 10/24/2028   /            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     52861 | PA      | $52559.35     | 0.01%             | 2028-10-24      | Variable      | 12.32%                | No            | 3                  | On Loan: No      |
| SEK FORWARD CONTRACT 10/14/2025   /             | SEK FORWARD CONTRACT 10/14/2025   /                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | SE        |  -8623500 | OU      | $-916883.57   | -0.20%            |  |  |  | No            | 2                  | On Loan: No      |
| SEK FORWARD CONTRACT 11/14/2025   /             | SEK FORWARD CONTRACT 11/14/2025   /                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | SE        |  -8623500 | OU      | $-918603.83   | -0.20%            |  |  |  | No            | 2                  | On Loan: No      |
| SEER CAPITAL REG CAPITAL RELIEF FUND   /        | SEER CAPITAL REG CAPITAL RELIEF FUND   /            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4147858.79   | 0.89%             |  |  |  | No            | N/A                | On Loan: No      |
| SEPRO DDTL DD 7/26/2030   /                     | SEPRO DDTL DD 7/26/2030   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    432836 | PA      | $427511.94    | 0.09%             | 2030-07-26      | Fixed         | 1.00%                 | No            | 3                  | On Loan: No      |
| SEPRO HOLDINGS TERM LOAN   /                    | SEPRO HOLDINGS TERM LOAN   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2999552 | PA      | $2962657.73   | 0.64%             | 2030-07-26      | Variable      | 9.57%                 | No            | 3                  | On Loan: No      |
| SFENTA_DDTL 12/31/25   /                        | SFENTA_DDTL 12/31/25   /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    419143 | PA      | $416083.40    | 0.09%             | 2025-12-31      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| SFENTA_5th_TL TERM LOAN 3/4/25   /              | SFENTA_5th_TL TERM LOAN 3/4/25   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    765798 | PA      | $764342.65    | 0.16%             | 2025-12-31      | Variable      | 9.67%                 | No            | 3                  | On Loan: No      |
| SILVER POINT LOAN NOTE LLC VIREMAIN   /         | SILVER POINT LOAN NOTE LLC VIREMAIN   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1764728 | PA      | $1880623.11   | 0.41%             | 2033-10-20      | None          | 0.00%                 | No            | N/A                | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /                 | UMB MONEY MARKET II SPECIAL   /                     | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  47645714 | PA      | $47645714.23  | 10.27%            |  |  |  | No            | 1                  | On Loan: No      |
| SYNAMEDIA AMERICAS HOLDINGS T/L   /             | SYNAMEDIA AMERICAS HOLDINGS T/L   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3805172 | PA      | $3800606.17   | 0.82%             | 2028-12-05      | None          | 12.06%                | No            | 3                  | On Loan: No      |
| TANK HOLDING Corp. DELAYED DRAW   /             | TANK HOLDING Corp. DELAYED DRAW   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    295848 | PA      | $280778.51    | 0.06%             | 2029-05-11      | Fixed         | 1.00%                 | No            | 2                  | On Loan: No      |
| TANK HOLDING Corp. REVOLVER   /                 | TANK HOLDING Corp. REVOLVER   /                     | CUSIP: 87583FAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     15409 | PA      | $14185.63     | 0.00%             | 2028-03-31      | Variable      | 11.75%                | No            | 2                  | On Loan: No      |
| Fortress Credit Opportunities                   | Fortress Credit Opportunities XIX CLO LLC           | CUSIP: 34964RAY9<br>LEI: 254900TCFL84ON4RYM29 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1022477.90   | 0.22%             | 2036-10-15      | Floating      | 12.32%                | Yes           | 2                  | On Loan: No      |
| Galaxy CLO Ltd                                  | Galaxy Xxiv Clo Ltd.                                | CUSIP: 36321BAG6<br>LEI: 6354006LLTU5DRVJLQ86 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501784.30    | 0.11%             | 2037-04-15      | Floating      | 5.86%                 | Yes           | 2                  | On Loan: No      |
| Galaxy CLO Ltd                                  | Galaxy XXVI CLO Ltd.                                | CUSIP: 36321MAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502502.50    | 0.11%             | 2031-11-22      | Floating      | 10.32%                | Yes           | 2                  | On Loan: No      |
| Invesco CLO Ltd                                 | Invesco U.S. CLO 2023-2 Ltd.                        | CUSIP: 46147LAE0<br>LEI: 2549000VWIHWVWECHQ22 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $257655.05    | 0.06%             | 2038-04-21      | Floating      | 12.21%                | Yes           | 2                  | On Loan: No      |
| Invesco CLO Ltd                                 | INVESCO U.S. CLO 2025-1 Ltd.                        | CUSIP: 46151PAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $252222.65    | 0.05%             | 2038-07-15      | Floating      | 10.28%                | Yes           | 2                  | On Loan: No      |
| KKR Financial CLO Ltd                           | KKR CLO 18 Ltd.                                     | CUSIP: 48251JAS2<br>LEI: 54930088PYF0FHKY5C94 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500342.90    | 0.11%             | 2035-10-18      | Floating      | 5.19%                 | Yes           | 2                  | On Loan: No      |
| MCF CLO LLC                                     | MCF CLO VIII Ltd.                                   | CUSIP: 55281QAC0<br>LEI: 254900KF5QOK0T8H4C54 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $1868708.40   | 0.40%             | 2036-04-18      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Magnetite CLO Ltd                               | Magnetite XXVI Ltd.                                 | CUSIP: 55954YBC8<br>LEI: 549300F7COUCG1RROP29 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001989.80   | 0.22%             | 2038-01-25      | Floating      | 6.82%                 | Yes           | 2                  | On Loan: No      |
| Maranon Loan Funding Ltd                        | Maranon Loan Funding 2021-3 Ltd.                    | CUSIP: 56577NBA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1283860.38   | 0.28%             | 2036-10-15      | Floating      | 12.14%                | Yes           | 2                  | On Loan: No      |
| MENLO CLO                                       | Menlo Clo III Ltd.                                  | CUSIP: 58682NAG7<br>LEI: 254900SSGUF4LVDEDB34 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.11%             | 2038-10-16      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Morgan Stanley Eaton Vance CLO                  | Morgan Stanley Eaton Vance CLO 2021-1 Ltd.          | CUSIP: 61773LAE0<br>LEI: 549300IR0OSEGDTMK223 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $505599.85    | 0.11%             | 2037-10-23      | Floating      | 10.00%                | Yes           | 2                  | On Loan: No      |
| Morgan Stanley Eaton Vance CLO                  | Morgan Stanley Eaton Vance CLO 2022-18 Ltd.         | CUSIP: 617924AU9<br>LEI: 549300O0I1STG733YG49 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499463.30    | 0.11%             | 2037-10-20      | Floating      | 7.43%                 | Yes           | 2                  | On Loan: No      |
| Morgan Stanley Eaton Vance CLO                  | Morgan Stanley Eaton Vance CLO 2023-19 Ltd.         | CUSIP: 617934AU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $505860.35    | 0.11%             | 2038-07-15      | Floating      | 7.32%                 | Yes           | 2                  | On Loan: No      |
| Morgan Stanley Eaton Vance CLO                  | Morgan Stanley Eaton Vance CLO 2023-19 Ltd.         | CUSIP: 617934AW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500830.45    | 0.11%             | 2038-07-15      | Floating      | 8.82%                 | Yes           | 2                  | On Loan: No      |
| Mount Logan Funding LP                          | Mount Logan Funding 2018-1 LP                       | CUSIP: 62188AAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1926983 | PA      | $1025623.21   | 0.22%             | 2033-01-22      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman Loan Advisers CLO 60 Ltd.          | CUSIP: 640974AC5<br>LEI: 254900LV0LNHKC2KQJ62 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1831448.40   | 0.39%             | 2039-04-22      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman Loan Advisers Clo 61 Ltd.          | CUSIP: 640985AE7<br>LEI: 2549006I8TDEPS26X974 | Long             | ABS-CBDO         | CORP              | KY        |   3900000 | PA      | $3432524.94   | 0.74%             | 2039-07-17      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman Loan Advisers Clo 62 Ltd.          | CUSIP: 64136HAC9<br>LEI: 254900SRG89PQ23CS052 | Long             | ABS-CBDO         | CORP              | KY        |   3933000 | PA      | $3480705.00   | 0.75%             | 2039-10-17      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| New Mountain CLO 1 Ltd                          | New Mountain CLO 1 Ltd.                             | CUSIP: 64755RBJ1<br>LEI: 5493000BYT2KQ1EMLL07 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504172.30    | 0.11%             | 2038-01-15      | Floating      | 7.17%                 | Yes           | 2                  | On Loan: No      |
| New Mountain CLO Ltd                            | New Mountain CLO 6 Ltd.                             | CUSIP: 647908AG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003692.50   | 0.22%             | 2037-10-15      | Floating      | 7.42%                 | Yes           | 2                  | On Loan: No      |
| Newark BSL CLO 2 Ltd.                           | Newark BSL CLO 2 Ltd.                               | CUSIP: 65023PAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501220.90    | 0.11%             | 2030-07-25      | Floating      | 7.73%                 | Yes           | 2                  | On Loan: No      |
| Newark BSL CLO 2 Ltd.                           | Newark BSL CLO 2 Ltd.                               | CUSIP: 65023QAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501954.55    | 0.11%             | 2030-07-25      | Floating      | 10.88%                | Yes           | 2                  | On Loan: No      |
| OHA Credit Partners Ltd                         | OHA Credit Partners XII Ltd.                        | CUSIP: 67110BAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $508543.70    | 0.11%             | 2037-04-23      | Floating      | 10.57%                | Yes           | 2                  | On Loan: No      |
| OZLM Ltd                                        | OZLM XXII Ltd.                                      | CUSIP: 67111VAJ5<br>LEI: 549300SDDOLWC85Q9Q65 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502683.95    | 0.11%             | 2031-01-17      | Floating      | 7.23%                 | Yes           | 2                  | On Loan: No      |
| OZLM Ltd                                        | OZLM XX Ltd.                                        | CUSIP: 67112MAG0<br>LEI: 549300ROA1URR67W0G46 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502050.55    | 0.11%             | 2031-04-20      | Floating      | 7.54%                 | Yes           | 2                  | On Loan: No      |
| Oaktree CLO Ltd                                 | Oaktree CLO 2023-2 Ltd.                             | CUSIP: 67401QAW6<br>LEI: 254900E6646RC82IR359 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504788.15    | 0.11%             | 2038-07-20      | Floating      | 8.73%                 | Yes           | 2                  | On Loan: No      |
| Oaktree CLO Ltd                                 | Oaktree CLO 2022-1 Ltd.                             | CUSIP: 67402NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498036.75    | 0.11%             | 2038-07-15      | Floating      | 10.34%                | Yes           | 2                  | On Loan: No      |
| Octagon Investment Partners XV                  | Octagon Investment Partners XVII Ltd.               | CUSIP: 67590GBQ1<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502022.90    | 0.11%             | 2031-01-25      | Floating      | 7.08%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2024-3 Ltd.                       | CUSIP: 69688HAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1712430.60   | 0.37%             | 2037-07-20      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2024-3 Ltd.              | CUSIP: 69690RAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2382004.80   | 0.51%             | 2032-08-08      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2025-4 Ltd.                       | CUSIP: 696915AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.00   | 0.32%             | 2038-10-20      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2023-4 Ltd.                       | CUSIP: 696925AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1190140.50   | 0.26%             | 2037-10-20      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2023-3 Ltd.                       | CUSIP: 696927AC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $473319.95    | 0.10%             | 2037-01-20      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2022-4 Ltd.              | CUSIP: 69702XAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $333375.71    | 0.07%             | 2031-07-24      | Variable      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2023-2 Ltd.                       | CUSIP: 69703CAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $406175.35    | 0.09%             | 2038-07-20      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| EUR FWD CONTRACT 7/22/2026   /                  | EUR FWD CONTRACT 7/22/2026   /                      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -290000 | OU      | $-345287.93   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 7/22/2027   /                  | EUR FWD CONTRACT 7/22/2027   /                      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |   -872000 | OU      | $-1051878.18  | -0.23%            |  |  |  | No            | 2                  | On Loan: No      |
| EUR FWD CONTRACT 7/30/2027   /                  | EUR FWD CONTRACT 7/30/2027   /                      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2584000 | OU      | $-3118073.29  | -0.67%            |  |  |  | No            | 2                  | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman Loan Advisers CLO 28 Ltd.          | CUSIP: 64130PAU7<br>LEI: 5493008C5LSWKG3UQ392 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501844.85    | 0.11%             | 2038-10-20      | Floating      | 7.53%                 | Yes           | 2                  | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman CLO XXII Ltd.                      | CUSIP: 64131CAG6<br>LEI: 549300FFV1EYI8ON7P41 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $512090.65    | 0.11%             | 2038-04-15      | Floating      | 11.15%                | Yes           | 2                  | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman CLO XVI-S Ltd.                     | CUSIP: 64131TBG8<br>LEI: 549300UHUHCR3388B324 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008187.20   | 0.22%             | 2039-04-15      | Floating      | 7.02%                 | Yes           | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** First Trust Private Credit Fund

**Signature:** /s/ Michael D. Peck

**Name of Signer:** Michael D. Peck

**Title:** President