# EDGAR Filing Document

**Accession Number:** 0001703079
**File Stem:** 0001703079-26-000004
**Filing Date:** 2026-2
**Character Count:** 283508
**Document Hash:** 71431e84f3399005445b31a4a1b54e1e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001703079-26-000004.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001703079-26-000004

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** XAI Octagon Floating Rate & Alternative Income Trust
- **CENTRAL INDEX KEY:** 0001703079

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23247
- **FILM NUMBER:** 26683940

**BUSINESS ADDRESS:**
- **STREET 1:** 321 NORTH CLARK STREET #2430
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654
- **BUSINESS PHONE:** (312) 374-6930

**MAIL ADDRESS:**
- **STREET 1:** 321 NORTH CLARK STREET #2430
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** XAI Octagon Floating Rate & Alternative Income Term Trust
- **DATE OF NAME CHANGE:** 20170901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** XAI Octagon Floating Rate Alternative Income Term Trust
- **DATE OF NAME CHANGE:** 20170714

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** XAI Octagon Floating Rate Income & Credit Alternative Trust
- **DATE OF NAME CHANGE:** 20170406

## Nport-Ex

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **COLLATERALIZED LOAN OBLIGATIONS DEBT - 23.02%<sup>(a)(b)</sup>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 6 Ltd. | &nbsp;&nbsp;3M SOFR + 6.15% | &nbsp;&nbsp;07/22/2038 | $1765000 | $1754151 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 15 Ltd. | &nbsp;&nbsp;3M SOFR + 6.05% | &nbsp;&nbsp;07/20/2038 | 2000000 | 2039428 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 20 Ltd. | &nbsp;&nbsp;3M SOFR + 7.00% | &nbsp;&nbsp;01/20/2035 | 1500000 | 1421635 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 21 Ltd. | &nbsp;&nbsp;3M SOFR + 6.25% | &nbsp;&nbsp;10/20/2034 | 2000000 | 1939351 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XLV Ltd. | &nbsp;&nbsp;3M SOFR + 5.15% | &nbsp;&nbsp;07/26/2038 | 500000 | 503302 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XXXV | &nbsp;&nbsp;3M SOFR + 5.75% | &nbsp;&nbsp;04/20/2034 | 1000000 | 1001680 |
| &nbsp;&nbsp;&nbsp;Apidos Loan Fund 2024-1 Ltd. | &nbsp;&nbsp;3M SOFR + 4.75% | &nbsp;&nbsp;10/25/2038 | 750000 | 751430 |
| &nbsp;&nbsp;&nbsp;Ares XLIV CLO Ltd. | &nbsp;&nbsp;3M SOFR + 6.25% | &nbsp;&nbsp;04/15/2034 | 1000000 | 990306 |
| &nbsp;&nbsp;&nbsp;Barings CLO Ltd. 2025-IV | &nbsp;&nbsp;3M SOFR + 5.00% | &nbsp;&nbsp;10/15/2040 | 1600000 | 1601992 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO Ltd. | &nbsp;&nbsp;3M SOFR + 4.75% | &nbsp;&nbsp;04/20/2038 | 1288000 | 1277714 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XVII Ltd. | &nbsp;&nbsp;3M SOFR + 6.15% | &nbsp;&nbsp;10/15/2037 | 2100000 | 2111874 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXIII Ltd. | &nbsp;&nbsp;3M SOFR + 5.25% | &nbsp;&nbsp;04/25/2034 | 1500000 | 1492567 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXIX Ltd. | &nbsp;&nbsp;3M SOFR + 4.60% | &nbsp;&nbsp;01/25/2038 | 1750000 | 1742416 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXV Ltd. | &nbsp;&nbsp;3M SOFR + 4.60% | &nbsp;&nbsp;01/15/2035 | 480000 | 477635 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXVIII Ltd. | &nbsp;&nbsp;3M SOFR + 5.40% | &nbsp;&nbsp;10/20/2037 | 2000000 | 2016949 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXXII Ltd. | &nbsp;&nbsp;3M SOFR + 4.70% | &nbsp;&nbsp;10/25/2038 | 2400000 | 2399853 |
| &nbsp;&nbsp;&nbsp;Canyon CLO 2020-2 Ltd. | &nbsp;&nbsp;3M SOFR + 5.75% | &nbsp;&nbsp;10/15/2034 | 1500000 | 1456069 |
| &nbsp;&nbsp;&nbsp;Canyon CLO 2025-2 Ltd. | &nbsp;&nbsp;3M SOFR + 5.25% | &nbsp;&nbsp;10/15/2038 | 2000000 | 2004262 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2019-4 Ltd. | &nbsp;&nbsp;3M SOFR + 6.60% | &nbsp;&nbsp;04/15/2035 | 750000 | 744626 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2023-2 Ltd. | &nbsp;&nbsp;3M SOFR + 5.75% | &nbsp;&nbsp;07/20/2038 | 2000000 | 2012201 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2025-2 Ltd. | &nbsp;&nbsp;3M SOFR + 6.75% | &nbsp;&nbsp;07/25/2038 | 845000 | 867211 |
| &nbsp;&nbsp;&nbsp;CBAM 2018-8 Ltd. | &nbsp;&nbsp;3M SOFR + 6.37% | &nbsp;&nbsp;07/15/2037 | 1000000 | 1012597 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2019-II Ltd. | &nbsp;&nbsp;3M SOFR + 4.85% | &nbsp;&nbsp;10/17/2038 | 1500000 | 1501801 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2019-III Ltd. | &nbsp;&nbsp;3M SOFR + 5.00% | &nbsp;&nbsp;01/16/2038 | 2750000 | 2757753 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2019-V Ltd. | &nbsp;&nbsp;3M SOFR + 4.90% | &nbsp;&nbsp;10/15/2038 | 1000000 | 1001326 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2019-VI Ltd. | &nbsp;&nbsp;3M SOFR + 6.25% | &nbsp;&nbsp;07/16/2037 | 700000 | 696674 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2022-I Ltd. | &nbsp;&nbsp;3M SOFR + 6.40% | &nbsp;&nbsp;04/17/2035 | 2000000 | 2001756 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2022-III Ltd. | &nbsp;&nbsp;3M SOFR + 7.27% | &nbsp;&nbsp;04/21/2035 | 850000 | 850327 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2025-VI Ltd. | &nbsp;&nbsp;3M SOFR + 4.75% | &nbsp;&nbsp;10/23/2038 | 1250000 | 1249150 |
| &nbsp;&nbsp;&nbsp;Clover CLO 2021-3 LLC | &nbsp;&nbsp;3M SOFR + 4.90% | &nbsp;&nbsp;01/25/2035 | 2000000 | 1991742 |
| &nbsp;&nbsp;&nbsp;Diameter Capital CLO 5 Ltd. | &nbsp;&nbsp;3M SOFR + 4.85% | &nbsp;&nbsp;01/15/2039 | 1500000 | 1499946 |
| &nbsp;&nbsp;&nbsp;Dryden 87 CLO Ltd. | &nbsp;&nbsp;3M SOFR + 6.35% | &nbsp;&nbsp;08/20/2038 | 1000000 | 996443 |
| &nbsp;&nbsp;&nbsp;Elmwood CLO 25 Ltd. | &nbsp;&nbsp;3M SOFR + 5.25% | &nbsp;&nbsp;04/17/2037 | 2000000 | 1999545 |
| &nbsp;&nbsp;&nbsp;Elmwood CLO 46 Ltd. | &nbsp;&nbsp;3M SOFR + 5.00% | &nbsp;&nbsp;01/17/2039 | 2000000 | 1999700 |
| &nbsp;&nbsp;&nbsp;Garnet CLO 2 Ltd. | &nbsp;&nbsp;3M SOFR + 5.25% | &nbsp;&nbsp;10/20/2038 | 730000 | 732196 |
| &nbsp;&nbsp;&nbsp;Garnet CLO 3 Ltd. | &nbsp;&nbsp;3M SOFR + 4.95% | &nbsp;&nbsp;10/20/2038 | 1500000 | 1503401 |
| &nbsp;&nbsp;&nbsp;Goldentree Loan Management US CLO 12 Ltd. | &nbsp;&nbsp;3M SOFR + 5.70% | &nbsp;&nbsp;07/20/2037 | 1200000 | 1198451 |
| &nbsp;&nbsp;&nbsp;Golub Capital Partners CLO 37B Ltd. | &nbsp;&nbsp;3M SOFR + 4.90% | &nbsp;&nbsp;01/20/2039 | 1500000 | 1499647 |
| &nbsp;&nbsp;&nbsp;Golub Capital Partners CLO 74 B, Ltd. | &nbsp;&nbsp;3M SOFR + 6.10% | &nbsp;&nbsp;07/25/2037 | 750000 | 759490 |
| &nbsp;&nbsp;&nbsp;KKR CLO 60 Ltd. | &nbsp;&nbsp;3M SOFR + 6.10% | &nbsp;&nbsp;01/15/2038 | 1325000 | 1354736 |
| &nbsp;&nbsp;&nbsp;Madison Park Funding LX Ltd. | &nbsp;&nbsp;3M SOFR + 6.50% | &nbsp;&nbsp;10/25/2037 | 1250000 | 1179270 |
| &nbsp;&nbsp;&nbsp;Madison Park Funding XXXIX Ltd. | &nbsp;&nbsp;3M SOFR + 6.25% | &nbsp;&nbsp;10/22/2034 | 1500000 | 1417280 |
| &nbsp;&nbsp;&nbsp;Madison Park Funding XXXVII Ltd. | &nbsp;&nbsp;3M SOFR + 6.60% | &nbsp;&nbsp;04/15/2037 | 750000 | 731259 |
| &nbsp;&nbsp;&nbsp;Magnetite XXIV Ltd. | &nbsp;&nbsp;3M SOFR + 6.40% | &nbsp;&nbsp;04/15/2035 | 500000 | 500717 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman CLO 32R Ltd. | &nbsp;&nbsp;3M SOFR + 5.15% | &nbsp;&nbsp;07/20/2039 | 1500000 | 1512481 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 27 Ltd. | &nbsp;&nbsp;3M SOFR + 6.75% | &nbsp;&nbsp;07/15/2038 | 2000000 | 2005888 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 40 Ltd. | &nbsp;&nbsp;3M SOFR + 5.15% | &nbsp;&nbsp;10/16/2037 | 2170000 | 2182543 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 41 Ltd. | &nbsp;&nbsp;3M SOFR + 5.75% | &nbsp;&nbsp;04/15/2034 | 1250000 | 1236725 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 57 Ltd. | &nbsp;&nbsp;3M SOFR + 5.50% | &nbsp;&nbsp;10/24/2038 | 1875000 | 1893789 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 61 Ltd. | &nbsp;&nbsp;3M SOFR + 4.90% | &nbsp;&nbsp;07/17/2039 | 720000 | 723237 |
| &nbsp;&nbsp;&nbsp;Oaktree CLO 2019-3 Ltd. | &nbsp;&nbsp;3M SOFR + 6.75% | &nbsp;&nbsp;01/20/2038 | 750000 | 761469 |
| &nbsp;&nbsp;&nbsp;Oaktree CLO 2022-3 Ltd. | &nbsp;&nbsp;3M SOFR + 6.50% | &nbsp;&nbsp;10/15/2037 | 2000000 | 2002109 |
| &nbsp;&nbsp;&nbsp;Oaktree CLO 2023-1 Ltd. | &nbsp;&nbsp;3M SOFR + 7.50% | &nbsp;&nbsp;04/15/2038 | 500000 | 513707 |
| &nbsp;&nbsp;&nbsp;OHA Credit Funding 2 Ltd. | &nbsp;&nbsp;3M SOFR + 4.80% | &nbsp;&nbsp;01/21/2038 | 1000000 | 1001778 |
| &nbsp;&nbsp;&nbsp;OHA Credit Funding 5 Ltd. | &nbsp;&nbsp;3M SOFR + 5.40% | &nbsp;&nbsp;10/18/2037 | 1000000 | 1000428 |
| &nbsp;&nbsp;&nbsp;OHA Credit Funding 9 Ltd. | &nbsp;&nbsp;3M SOFR + 5.50% | &nbsp;&nbsp;10/19/2037 | 1000000 | 1007464 |
| &nbsp;&nbsp;&nbsp;Rad CLO 10 Ltd. | &nbsp;&nbsp;3M SOFR + 5.85% | &nbsp;&nbsp;04/23/2034 | 2000000 | 1960105 |
| &nbsp;&nbsp;&nbsp;Rad CLO 11 Ltd. | &nbsp;&nbsp;3M SOFR + 6.25% | &nbsp;&nbsp;04/15/2034 | 1300000 | 1269269 |
| &nbsp;&nbsp;&nbsp;Regatta 33 Funding Ltd. | &nbsp;&nbsp;3M SOFR + 6.65% | &nbsp;&nbsp;07/25/2038 | 770000 | 786743 |
| &nbsp;&nbsp;&nbsp;Regatta 34 Funding Ltd. | &nbsp;&nbsp;3M SOFR + 6.50% | &nbsp;&nbsp;07/20/2038 | 2000000 | 2054502 |
| &nbsp;&nbsp;&nbsp;Regatta XII Funding Ltd. | &nbsp;&nbsp;3M SOFR + 6.90% | &nbsp;&nbsp;10/15/2037 | 1500000 | 1495277 |
| &nbsp;&nbsp;&nbsp;Regatta XIX Funding Ltd. | &nbsp;&nbsp;3M SOFR + 5.25% | &nbsp;&nbsp;10/20/2038 | 750000 | 744611 |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **COLLATERALIZED LOAN OBLIGATIONS DEBT - 23.02%<sup>(a)(b)</sup>(Continued)** | **COLLATERALIZED LOAN OBLIGATIONS DEBT - 23.02%<sup>(a)(b)</sup>(Continued)** | **COLLATERALIZED LOAN OBLIGATIONS DEBT - 23.02%<sup>(a)(b)</sup>(Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Regatta XVI Funding Ltd. | 3M SOFR + 7.10% | 01/15/2033 | $1400000 | $1402777 |
| &nbsp;&nbsp;&nbsp;Regatta XXIV Funding Ltd. | 3M SOFR + 5.15% | 01/20/2038 | 1000000 | 984423 |
| &nbsp;&nbsp;&nbsp;Regatta XXIX Funding Ltd. | 3M SOFR + 5.85% | 09/06/2037 | 375000 | 378308 |
| &nbsp;&nbsp;&nbsp;RR 19 Ltd. | 3M SOFR + 4.70% | 04/15/2040 | 500000 | 500740 |
| &nbsp;&nbsp;&nbsp;Shackleton 2019-XIV CLO Ltd. | 3M SOFR + 5.90% | 07/20/2034 | 1000000 | 983147 |
| &nbsp;&nbsp;&nbsp;Sound Point CLO XVIII Ltd. | 3M SOFR + 5.50% | 01/21/2031 | 500000 | 312000 |
| &nbsp;&nbsp;&nbsp;Symphony CLO XXI Ltd. | 3M SOFR + 6.60% | 07/15/2032 | 1000000 | 911452 |
| &nbsp;&nbsp;&nbsp;THL Credit Wind River 2017-1 CLO Ltd. | 3M SOFR + 7.06% | 04/18/2036 | 1500000 | 1474454 |
| &nbsp;&nbsp;&nbsp;Trestles CLO IV, Ltd | 3M SOFR + 5.25% | 10/30/2038 | 1500000 | 1508013 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS DEBT (Cost $94,058,721)** |  |  |  | **93649298** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Estimated Yield** | **Maturity Date** | **Principal Amount** | **Value** |
| **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 61.29%<sup>(a)(c)</sup>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;AIMCO CLO 16 Ltd. | 11.24% | 07/17/2037 | 1812000 | 1034652 |
| &nbsp;&nbsp;&nbsp;ALM 2020 Ltd.<sup>(d)</sup> | N/A | 10/15/2029 | 5000000 | 500 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 3-R Ltd.<sup>(d)</sup> | N/A | 01/28/2031 | 1400000 | 6118 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 7 Ltd. | 24.12% | 01/28/2031 | 1750000 | 451080 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 13 LLC | 9.20% | 04/15/2034 | 7000000 | 2792370 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 16 Ltd. | 9.89% | 01/19/2038 | 3305720 | 1368568 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 1-R Ltd.<sup>(d)</sup> | N/A | 04/13/2031 | 4150000 | 28554 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 20 Ltd. | 3.47% | 01/20/2035 | 1750000 | 550007 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XLIX Ltd | 16.51% | 10/24/2037 | 10000000 | 6559800 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XLVIII Ltd. | 8.93% | 07/25/2037 | 9000000 | 5729130 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XXVII<sup>(d)</sup> | N/A | 07/17/2030 | 1300000 | 99333 |
| &nbsp;&nbsp;&nbsp;Ares LI CLO Ltd. | 6.85% | 07/15/2034 | 1699959 | 514425 |
| &nbsp;&nbsp;&nbsp;Ares LI CLO Ltd. | 9.65% | 10/15/2037 | 4378142 | 1324869 |
| &nbsp;&nbsp;&nbsp;Ares LIX CLO Ltd. | 16.10% | 04/25/2034 | 3500000 | 1424150 |
| &nbsp;&nbsp;&nbsp;Ares LVIII CLO Ltd. | 13.09% | 04/15/2038 | 12425000 | 4840159 |
| &nbsp;&nbsp;&nbsp;Ares XLI CLO Ltd. | 5.69% | 04/15/2034 | 2343500 | 530803 |
| &nbsp;&nbsp;&nbsp;Ares XLIV CLO Ltd. | 14.35% | 04/15/2034 | 6288428 | 1191657 |
| &nbsp;&nbsp;&nbsp;Ballyrock CLO 19 Ltd. | 12.10% | 04/20/2035 | 4200000 | 1767066 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XII Ltd. | 14.38% | 10/15/2030 | 4500000 | 3225195 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXIII Ltd. | 14.35% | 04/25/2034 | 5000000 | 2905000 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXV Ltd. | 20.99% | 01/15/2035 | 5250000 | 3465315 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXVII Ltd. | 15.75% | 10/20/2037 | 2250000 | 2035957 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXXIV Ltd. | 11.14% | 07/25/2037 | 4700000 | 3226550 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXXVI Ltd. | 12.54% | 01/25/2038 | 2560000 | 1763456 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2019-4 Ltd. | 7.32% | 04/15/2035 | 8740000 | 4252010 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2021-10 Ltd. | 16.95% | 01/20/2038 | 3750000 | 1453200 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2021-2 Ltd. | 16.12% | 04/20/2038 | 2530000 | 1465022 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2021-4 Ltd. | 9.19% | 04/20/2034 | 1000000 | 526960 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2021-5 Ltd. | 12.32% | 07/20/2034 | 4000000 | 1888040 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2022-2 Ltd. | 17.33% | 01/20/2038 | 4391000 | 2041244 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2023-2 Ltd. | 16.57% | 07/20/2036 | 4534341 | 3090561 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2017-III Ltd. | 4.58% | 07/20/2030 | 1400000 | 389424 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2017-V Ltd. | 7.77% | 07/17/2037 | 6500000 | 1947790 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2018-I Ltd. | 10.54% | 04/18/2031 | 10250000 | 3157718 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2018-II Ltd. | 13.12% | 10/20/2037 | 2500000 | 891500 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2018-III Ltd. | 9.94% | 07/18/2031 | 6815000 | 1147578 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2018-V Ltd. | 9.73% | 07/15/2038 | 5298000 | 2083333 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2019-III Ltd. | 12.77% | 01/16/2038 | 840000 | 565202 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2019-V Ltd. | 12.50% | 10/15/2038 | 2500000 | 1512575 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2019-V Ltd. | 16.20% | 10/15/2038 | 1938438 | 1172813 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2020-II Ltd. | 9.57% | 10/20/2034 | 1000000 | 488100 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2020-III Ltd. | 10.42% | 10/20/2034 | 203350 | 130384 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2021-II Ltd. | 10.13% | 04/15/2034 | 7705900 | 3777355 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2021-V Ltd. | 16.19% | 01/15/2038 | 10086431 | 5514554 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2021-VII Ltd. | 11.44% | 01/23/2035 | 1000000 | 640200 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2022-IV Ltd. | 15.05% | 07/16/2035 | 2500000 | 1628000 |
| &nbsp;&nbsp;&nbsp;Clover CLO 2019-1 Ltd. | 15.64% | 04/18/2035 | 8339200 | 4579221 |
| &nbsp;&nbsp;&nbsp;Clover CLO 2021-3 LLC | 19.87% | 01/25/2035 | 5500000 | 3300330 |
| &nbsp;&nbsp;&nbsp;Dryden 87 CLO Ltd. | 8.59% | 08/20/2038 | 2831400 | 934645 |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Estimated Yield** | **Maturity Date** | **Principal Amount** | **Value** |
| **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 61.29%<sup>(a)(c)</sup>(Continued)** | **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 61.29%<sup>(a)(c)</sup>(Continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Elmwood CLO I Ltd. | 5.32% | 10/20/2033 | $6000000 | $2797440 |
| &nbsp;&nbsp;&nbsp;Elmwood CLO VII Ltd. | 7.69% | 01/17/2034 | 8350000 | 2656720 |
| &nbsp;&nbsp;&nbsp;Galaxy 33 CLO Ltd. | 8.42% | 04/20/2037 | 2000000 | 1121820 |
| &nbsp;&nbsp;&nbsp;Generate CLO 3 Ltd. | 2.08% | 10/20/2029 | 7008000 | 2164701 |
| &nbsp;&nbsp;&nbsp;Generate CLO 12 Ltd. | 16.29% | 07/20/2036 | 8000000 | 4326880 |
| &nbsp;&nbsp;&nbsp;Generate CLO 14 Ltd. | 5.47% | 04/22/2037 | 8000000 | 3514080 |
| &nbsp;&nbsp;&nbsp;Harmony-Peace Park CLO, Ltd. | 12.11% | 10/20/2037 | 5275000 | 3574868 |
| &nbsp;&nbsp;&nbsp;Madison Park Funding XX Ltd. | 5.87% | 07/27/2030 | 1740000 | 248124 |
| &nbsp;&nbsp;&nbsp;Madison Park Funding XX Ltd. | 19.97% | 10/27/2037 | 2172000 | 332338 |
| &nbsp;&nbsp;&nbsp;Madison Park Funding XXIX Ltd. | 14.64% | 10/18/2047 | 4330700 | 1307005 |
| &nbsp;&nbsp;&nbsp;Madison Park Funding XXVIII Ltd. | 11.86% | 07/15/2030 | 5949336 | 1808955 |
| &nbsp;&nbsp;&nbsp;Madison Park Funding XXXVII Ltd. | 10.69% | 04/15/2037 | 4648815 | 1765759 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman CLO XXI Ltd. | 12.55% | 01/20/2039 | 4425109 | 2566563 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 47 Ltd. | 16.37% | 04/14/2035 | 15000000 | 7795200 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 50 Ltd. | 10.88% | 07/23/2036 | 6500000 | 3457090 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 53 Ltd. | 12.16% | 10/24/2037 | 7325000 | 5211225 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 54 Ltd. | 10.17% | 04/23/2038 | 3465000 | 2151522 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 55 Ltd. | 8.70% | 04/22/2038 | 4600000 | 2826372 |
| &nbsp;&nbsp;&nbsp;Niagara Park CLO Ltd. | 15.12% | 07/17/2032 | 2648000 | 1361204 |
| &nbsp;&nbsp;&nbsp;Niagara Park CLO Ltd.<sup>(d)</sup> | N/A | 01/17/2038 | 225000 | 218311 |
| &nbsp;&nbsp;&nbsp;NYACK Park CLO Ltd. | 9.98% | 10/20/2038 | 1358700 | 574730 |
| &nbsp;&nbsp;&nbsp;Oak Hill Credit Partners X-R Ltd. | 14.33% | 04/20/2034 | 9091692 | 3523031 |
| &nbsp;&nbsp;&nbsp;Oaktree CLO 2019-3, Ltd. | 12.34% | 01/20/2038 | 4000000 | 1950000 |
| &nbsp;&nbsp;&nbsp;Oaktree CLO 2022-3 Ltd. | 11.56% | 10/15/2037 | 13250000 | 6739480 |
| &nbsp;&nbsp;&nbsp;OCP CLO 2018-15 Ltd. | 14.94% | 07/20/2031 | 6000000 | 2292660 |
| &nbsp;&nbsp;&nbsp;OCP CLO 2020-8R Ltd. | 16.57% | 10/17/2038 | 5390000 | 1740970 |
| &nbsp;&nbsp;&nbsp;OCP CLO 2022-24 Ltd. | 9.27% | 10/20/2037 | 7445299 | 3939308 |
| &nbsp;&nbsp;&nbsp;OCP CLO 2024-36 Ltd. | 8.98% | 10/16/2037 | 4000000 | 2623320 |
| &nbsp;&nbsp;&nbsp;OCP CLO 2024-38 Ltd. | 8.91% | 01/21/2038 | 5000000 | 3374950 |
| &nbsp;&nbsp;&nbsp;OHA Credit Partners XI Ltd. | 10.08% | 04/20/2037 | 4003000 | 1880810 |
| &nbsp;&nbsp;&nbsp;OHA Credit Partners XII Ltd. | 7.42% | 04/23/2037 | 13537295 | 5876134 |
| &nbsp;&nbsp;&nbsp;OHA Credit Partners XIII Ltd. | 12.11% | 10/21/2034 | 1600000 | 876336 |
| &nbsp;&nbsp;&nbsp;Palmer Square CLO 2024-2 Ltd. | 8.24% | 07/20/2037 | 4000000 | 2644080 |
| &nbsp;&nbsp;&nbsp;Rad CLO 12 Ltd. | 14.86% | 10/30/2034 | 6000000 | 2619000 |
| &nbsp;&nbsp;&nbsp;Regatta XIX Funding Ltd. | 12.89% | 04/20/2035 | 12102000 | 6962156 |
| &nbsp;&nbsp;&nbsp;Regatta XVIII Funding Ltd. | 15.12% | 01/15/2034 | 7175322 | 3725786 |
| &nbsp;&nbsp;&nbsp;Regatta XXIV Funding Ltd. | 12.13% | 01/20/2035 | 5000000 | 2350400 |
| &nbsp;&nbsp;&nbsp;Regatta XXVII Funding Ltd. | 9.36% | 04/26/2037 | 6000000 | 3441240 |
| &nbsp;&nbsp;&nbsp;Rockland Park CLO Ltd.<sup>(e)</sup> | 8.09% | 04/20/2034 | 13785821 | 73396 |
| &nbsp;&nbsp;&nbsp;Rockland Park CLO Ltd.<sup>(e)</sup> | 16.12% | 04/20/2034 | 13785821 | 168838 |
| &nbsp;&nbsp;&nbsp;Rockland Park CLO Ltd. | 11.82% | 04/20/2034 | 13785821 | 5574435 |
| &nbsp;&nbsp;&nbsp;RR 19 Ltd. | 12.98% | 10/15/2035 | 7858000 | 5623813 |
| &nbsp;&nbsp;&nbsp;RR 25 Ltd. | 6.21% | 10/15/2037 | 9780000 | 5555236 |
| &nbsp;&nbsp;&nbsp;Sixth Street CLO XVI Ltd. | 4.76% | 10/20/2032 | 8000000 | 4374400 |
| &nbsp;&nbsp;&nbsp;Sixth Street CLO XVII Ltd. | 12.10% | 01/20/2034 | 1100000 | 685685 |
| &nbsp;&nbsp;&nbsp;Sixth Street CLO XXIV Ltd. | 6.67% | 04/23/2037 | 7500000 | 5015775 |
| &nbsp;&nbsp;&nbsp;Sixth Street CLO XXV Ltd. | 7.78% | 07/24/2037 | 7000000 | 4653390 |
| &nbsp;&nbsp;&nbsp;THL Credit Wind River 2018-2 CLO Ltd.<sup>(d)</sup> | N/A | 07/15/2030 | 3031000 | 58650 |
| &nbsp;&nbsp;&nbsp;THL Credit Wind River 2018-3 CLO Ltd.<sup>(d)</sup> | N/A | 01/20/2031 | 3000000 | 153180 |
| &nbsp;&nbsp;&nbsp;Thompson Park CLO Ltd. | 13.25% | 04/15/2034 | 4000000 | 2020000 |
| &nbsp;&nbsp;&nbsp;TICP CLO XV Ltd. | 12.17% | 04/20/2033 | 21000000 | 10188150 |
| &nbsp;&nbsp;&nbsp;Unity-Peace Park CLO Ltd. | 8.28% | 04/20/2035 | 4000000 | 1492400 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS EQUITY (Cost $334,195,739)** |  |  |  | **249390389** |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Coupon** | **Maturity Date** | **Principal Amount** | **Value** |
| **CORPORATE BONDS - 1.29%<sup>(a)</sup>** |  |  |  |  |
| ***Chemicals - 0.09%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Herens Holdco S.a.r.l., Senior Secured Bond | 4.75% | 05/15/2028 | $444000 | $382284 |
| ***Diversified Telecommunication Services - 0.12%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Altice France SA, Senior Secured Bond | 6.88% | 07/15/2032 | 513657 | 491182 |
| ***Electronic Equipment, Instruments & Components - 0.04%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Coherent Corp., Senior Unsecured Bond | 5.00% | 12/15/2029 | 146000 | 145570 |
| ***Hotels, Restaurants & Leisure - 0.35%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fertitta Entertainment LLC, Senior Unsecured Bond | 6.75% | 01/15/2030 | 328000 | 310926 |
| &nbsp;&nbsp;&nbsp;Hilton Grand Vacations Borrower Escrow LLC, Senior Unsecured Bond | 5.00% | 06/01/2029 | 529000 | 514056 |
| &nbsp;&nbsp;&nbsp;SeaWorld Parks & Entertainment, Inc., Senior Unsecured Bond | 5.25% | 08/15/2029 | 600000 | 583234 |
|  |  |  |  | 1408216 |
| ***Industrial Conglomerates - 0.10%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;MajorDrive Holdings IV, LLC, Senior Unsecured Bond | 6.38% | 06/01/2029 | 545000 | 394130 |
| ***Insurance - 0.03%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Asurion, LLC, Senior Secured Bond | 8.00% | 12/31/2032 | 133000 | 138040 |
| ***Media - 0.46%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Gray Media, Inc., Senior Secured Bond | 7.25% | 08/15/2033 | 722000 | 736651 |
| &nbsp;&nbsp;&nbsp;Gray Media, Inc., Senior Unsecured Bond | 5.38% | 11/15/2031 | 750000 | 562545 |
| &nbsp;&nbsp;&nbsp;The E.W. Scripps Company, Senior Unsecured Bond | 5.38% | 01/15/2031 | 750000 | 565285 |
|  |  |  |  | 1864481 |
| ***Wireless Telecommunication Services - 0.10%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Digicel International Finance Ltd., Senior Secured Bond | 8.63% | 08/01/2032 | 404000 | 419423 |
| **TOTAL CORPORATE BONDS <br> (Cost $5,448,003)** |  |  |  | **5243326** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **SECURED SECOND LIEN LOANS - 1.00%<sup>(b)</sup>** |  |  |  |  |
| ***Diversified Consumer Services - 0.03%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;TruGreen LP, Initial | 3M SOFR + 8.76% | 11/02/2028 | 125392 | 115596 |
| ***Electronic Equipment, Instruments & Components - 0.02%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Infinite Bidco LLC, Initial | 3M SOFR + 7.26% | 03/02/2029 | 69869 | 66070 |
| ***Insurance - 0.76%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Alera Group, Inc., Second Lien Initial | 1M SOFR + 5.50% | 05/30/2033 | 750000 | 763313 |
| &nbsp;&nbsp;&nbsp;Asurion, LLC, New B-4 | 1M SOFR + 5.36% | 01/20/2029 | 1604603 | 1572510 |
| &nbsp;&nbsp;&nbsp;CRC Insurance Group, LLC, Second Lien TL | 3M SOFR + 4.75% | 05/06/2032 | 750000 | 758123 |
|  |  |  |  | 3093946 |
| ***Pharmaceuticals - 0.04%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Alvogen Pharma US, Inc., TL | 3M SOFR + 2.50% | 03/01/2029 | 243319 | 159374 |
| ***Software - 0.15%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Kaseya, TL | 1M SOFR + 5.00% | 03/20/2033 | 644172 | 629008 |
| **TOTAL SECURED SECOND LIEN LOANS<br> (Cost $4,142,645)** |  |  |  | **4063994** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **SENIOR SECURED FIRST LIEN LOANS - 76.84%<sup>(b)</sup>** |  |  |  |  |
| ***Aerospace & Defense - 1.96%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Arcline FM Holdings, LLC, 2025-1 New Term | 3M SOFR + 2.75% | 06/23/2030 | 860050 | 862467 |
| &nbsp;&nbsp;&nbsp;Kaman Corp., Delayed Draw<sup>(f)</sup> | 3M SOFR + 2.50% | 02/26/2032 | 22074 | 22850 |
| &nbsp;&nbsp;&nbsp;Kaman Corp., Initial | 3M SOFR + 2.50% | 02/26/2032 | 2440192 | 2448391 |
| &nbsp;&nbsp;&nbsp;Propulsion (BC) Newco LLC, Initial | 3M SOFR + 2.50% | 12/01/2032 | 295593 | 296849 |
| &nbsp;&nbsp;&nbsp;Signia Aerospace, 2025 Initial TL | 3M SOFR + 2.75% | 12/11/2031 | 3076605 | 3084297 |
| &nbsp;&nbsp;&nbsp;Transdigm, Inc., Tranche J | 1M SOFR + 2.50% | 02/28/2031 | 1069286 | 1072922 |
| &nbsp;&nbsp;&nbsp;Transdigm, Inc., Tranche M | 1M SOFR + 2.50% | 08/19/2032 | 170310 | 170984 |
|  |  |  |  | 7958760 |
| ***Air Freight & Logistics - 0.18%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Brown Group Holding, LLC, 2022 Incremental B-2 | 3M SOFR + 2.75% | 07/01/2031 | 468012 | 470109 |
| &nbsp;&nbsp;&nbsp;Lasership, Inc., Tranche B | 3M SOFR + 1.76% | 08/10/2029 | 184930 | 137403 |
| &nbsp;&nbsp;&nbsp;Lasership, Inc., Tranche E | 3M SOFR + 1.76% | 08/10/2029 | 495038 | 143561 |
|  |  |  |  | 751073 |
| ***Auto Components - 0.54%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Clarios Global LP, Amendment No. 6 | 1M SOFR + 2.75% | 01/28/2032 | 1246553 | 1251228 |
| &nbsp;&nbsp;&nbsp;Eagle Recycling Bidco, Inc., Closing Date Initial | 1M SOFR + 3.75% | 12/18/2032 | 453191 | 453191 |
| &nbsp;&nbsp;&nbsp;Holley, Inc., TL | 1M SOFR + 3.86% | 11/17/2028 | 496944 | 494086 |
|  |  |  |  | 2198505 |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **SENIOR SECURED FIRST LIEN LOANS - 76.84%<sup>(b)</sup>(Continued)** |  |  |  |  |
| ***Automobiles - 1.12%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;RealTruck Intermediate Holdings, Inc., Initial | 1M SOFR + 3.86% | 01/31/2028 | $389565 | $297718 |
| &nbsp;&nbsp;&nbsp;RVR Dealership Holdings, LLC, TL | 3M SOFR + 3.90% | 02/08/2028 | 487190 | 468380 |
| &nbsp;&nbsp;&nbsp;Tenneco, Inc., Term A | 3M SOFR + 4.85% | 11/17/2028 | 1234119 | 1208820 |
| &nbsp;&nbsp;&nbsp;Tenneco, Inc., Term B | 3M SOFR + 5.10% | 11/17/2028 | 576970 | 566359 |
| &nbsp;&nbsp;&nbsp;The Hertz Corp., 2023 Incremental | 1M SOFR + 3.75% | 06/30/2028 | 24818 | 20583 |
| &nbsp;&nbsp;&nbsp;The Hertz Corp., Initial Term B | 1M SOFR + 3.61% | 06/30/2028 | 831096 | 696300 |
| &nbsp;&nbsp;&nbsp;The Hertz Corp., Initial Term C | 1M SOFR + 3.61% | 06/30/2028 | 164010 | 137409 |
| &nbsp;&nbsp;&nbsp;Truck Hero, Inc., Incremental | 1M SOFR + 5.11% | 01/31/2028 | 337598 | 260457 |
| &nbsp;&nbsp;&nbsp;Wand NewCo 3, Inc., Tranche B-2 | 1M SOFR + 2.50% | 01/30/2031 | 911627 | 912111 |
|  |  |  |  | 4568137 |
| ***Banks - 0.05%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Shift4 Payments, Inc., Amendment No.2 | 3M SOFR + 2.50% | 06/30/2032 | 212338 | 213444 |
| ***Building Products - 3.59%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;AI Aqua Merger Sub, Inc., 2025 Refinancing Term B | 3M SOFR + 3.00% | 07/31/2028 | 3150028 | 3155792 |
| &nbsp;&nbsp;&nbsp;American Residential Services, 2025 Refinancing | 3M SOFR + 2.75% | 02/02/2032 | 398000 | 399493 |
| &nbsp;&nbsp;&nbsp;Chariot Buyer LLC, Amendment No. 5 Incremental | 1M SOFR + 2.75% | 09/08/2032 | 1330638 | 1332581 |
| &nbsp;&nbsp;&nbsp;Cornerstone Building Brands, Inc., Initial | 1M SOFR + 5.63% | 08/01/2028 | 493639 | 387506 |
| &nbsp;&nbsp;&nbsp;Cornerstone Building Brands, Inc., Tranche B | 1M SOFR + 3.25% | 04/12/2028 | 1345221 | 1048600 |
| &nbsp;&nbsp;&nbsp;Cornerstone Building Brands, Inc., Tranche C | 1M SOFR + 4.50% | 05/15/2031 | 295694 | 207971 |
| &nbsp;&nbsp;&nbsp;Groundworks, LLC, Initial | 1M SOFR + 3.00% | 03/14/2031 | 1522791 | 1529141 |
| &nbsp;&nbsp;&nbsp;Hobbs & Associates, LLC, Closing Date | 1M SOFR + 2.75% | 07/23/2031 | 735382 | 734690 |
| &nbsp;&nbsp;&nbsp;Icebox Holdco III, Inc., Initial | 3M SOFR + 3.25% | 12/22/2031 | 914962 | 921824 |
| &nbsp;&nbsp;&nbsp;Kodiak Building Partners, Initial | 1M SOFR + 3.75% | 12/04/2031 | 1069770 | 1042020 |
| &nbsp;&nbsp;&nbsp;White Cap Buyer, LLC, Tranche C | 1M SOFR + 3.25% | 10/19/2029 | 2895864 | 2906955 |
| &nbsp;&nbsp;&nbsp;Wilsonart International, Initial | 3M SOFR + 4.25% | 08/05/2031 | 976795 | 945050 |
|  |  |  |  | 14611623 |
| ***Capital Markets - 0.28%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Hudson River Trading LLC, Term B-1 | 1M SOFR + 2.75% | 03/18/2030 | 1127650 | 1131800 |
| ***Chemicals - 3.33%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CP Iris Holdco I, Inc. and CP Iris Holdco II, Inc., Initial | 1M SOFR + 4.00% | 10/27/2032 | 739355 | 733500 |
| &nbsp;&nbsp;&nbsp;Discovery Purchaser Corp., Initial | 3M SOFR + 3.75% | 10/04/2029 | 1038679 | 996394 |
| &nbsp;&nbsp;&nbsp;Herens Holdco S.a.r.l., Facility B | 3M SOFR + 4.03% | 07/03/2028 | 1380438 | 1204901 |
| &nbsp;&nbsp;&nbsp;Hexion Holdings Corp., 2024 Refinancing | 1M SOFR + 4.00% | 03/15/2029 | 1264010 | 1215712 |
| &nbsp;&nbsp;&nbsp;Ineos Finance LLC, 2030 TL | 1M SOFR + 3.25% | 02/18/2030 | 864347 | 696880 |
| &nbsp;&nbsp;&nbsp;Ineos Quattro Holdings UK Ltd., 2029 Tranche B | 1M SOFR + 4.35% | 04/02/2029 | 1384736 | 969315 |
| &nbsp;&nbsp;&nbsp;Ineos US Finance LLC, 2031 Repriced | 1M SOFR + 3.00% | 02/07/2031 | 1235634 | 986963 |
| &nbsp;&nbsp;&nbsp;Ineos US Petrochem LLC, 2031 Tranche B | 1M SOFR + 4.25% | 10/07/2031 | 94206 | 62411 |
| &nbsp;&nbsp;&nbsp;Lummus Technology Holdings V LLC, Amendment No.4 Existing Term B | 1M SOFR + 2.50% | 12/31/2029 | 1818122 | 1818777 |
| &nbsp;&nbsp;&nbsp;MSOF Beacon, LLC, Initial | 1M SOFR + 2.50% | 12/09/2032 | 125451 | 125921 |
| &nbsp;&nbsp;&nbsp;New Arclin U.S. Holding Corp., TL | 1M SOFR + 3.60% | 09/30/2028 | 369730 | 369267 |
| &nbsp;&nbsp;&nbsp;Nouryon USA LLC, Repriced 2024 B-1 | 6M SOFR + 3.25% | 04/03/2028 | 264721 | 264502 |
| &nbsp;&nbsp;&nbsp;Nouryon USA LLC, Repriced 2024 B-2 | 3M SOFR + 3.25% | 04/03/2028 | 596564 | 596003 |
| &nbsp;&nbsp;&nbsp;Olympus Water US Holding Corp., 2025 Incremental | 3M SOFR + 3.25% | 11/03/2032 | 325934 | 323695 |
| &nbsp;&nbsp;&nbsp;Olympus Water US Holding Corp., Term B-6 | 3M SOFR + 3.00% | 06/20/2031 | 1765073 | 1748022 |
| &nbsp;&nbsp;&nbsp;Vibrantz Technologies, Inc., Initial | 3M SOFR + 4.40% | 04/23/2029 | 301305 | 165887 |
| &nbsp;&nbsp;&nbsp;Wesco Group LLC, Initial Term B | 3M SOFR + 3.00% | 10/09/2031 | 189741 | 190452 |
| &nbsp;&nbsp;&nbsp;Windsor Holdings III, LLC., 2025 Term B | 1M SOFR + 2.75% | 08/01/2030 | 1068946 | 1070486 |
|  |  |  |  | 13539088 |
| ***Commercial Services & Supplies - 3.31%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Allied Universal Holdco LLC, Amendment No. 7 Replacement | 1M SOFR + 3.25% | 08/20/2032 | 3423915 | 3439494 |
| &nbsp;&nbsp;&nbsp;AmSpec Parent, LLC, Closing Date | 3M SOFR + 3.50% | 12/22/2031 | 1209606 | 1209606 |
| &nbsp;&nbsp;&nbsp;Ankura Consulting Group LLC, 2024-2 Repricing | 3M SOFR + 3.50% | 12/29/2031 | 1599618 | 1560203 |
| &nbsp;&nbsp;&nbsp;Belfor USA Group, Inc., Tranche B-5 | 1M SOFR + 2.75% | 11/01/2030 | 1198261 | 1202754 |
| &nbsp;&nbsp;&nbsp;BradyPLUS Holdings, LLC, Initial | 3M SOFR + 3.50% | 12/13/2032 | 743832 | 735151 |
| &nbsp;&nbsp;&nbsp;Garda World Security Corp., Twelfth Additional TL | 1M SOFR + 3.00% | 02/01/2029 | 1412866 | 1416398 |
| &nbsp;&nbsp;&nbsp;GBT US III LLC, Term B-1 | 3M SOFR + 2.50% | 07/25/2031 | 1672173 | 1676705 |
| &nbsp;&nbsp;&nbsp;Genuine Financial Holdings, LLC, 2025 Replacement | 1M SOFR + 3.25% | 09/27/2030 | 1496997 | 1255607 |
| &nbsp;&nbsp;&nbsp;GFL Environmental Services, Initial | 3M SOFR + 2.50% | 03/03/2032 | 684317 | 686370 |
| &nbsp;&nbsp;&nbsp;VFS Global, Facility B | 6M SOFR + 2.50% | 10/07/2032 | 278456 | 279500 |
|  |  |  |  | 13461788 |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **SENIOR SECURED FIRST LIEN LOANS - 76.84%<sup>(b)</sup>** **(Continued)** |  |  |  |  |
| ***Communications Equipment - 0.36%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Global Tel Link Corp., Initial | 1M SOFR + 7.50% | 08/06/2029 | $931758 | $925059 |
| &nbsp;&nbsp;&nbsp;Gogo Intermediate Holdings LLC, Initial | 1M SOFR + 3.86% | 04/30/2028 | 602467 | 546311 |
|  |  |  |  | 1471370 |
| ***Construction & Engineering - 1.29%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Brand Industrial Services, Inc., Tranche C | 3M SOFR + 4.50% | 08/01/2030 | 1126197 | 1023814 |
| &nbsp;&nbsp;&nbsp;DG Investment Intermediate Holdings 2, Inc., Closing Date Initial | 1M SOFR + 3.75% | 07/09/2032 | 1852777 | 1852778 |
| &nbsp;&nbsp;&nbsp;Energize Holdco LLC, 2025 Refinancing | 1M SOFR + 3.00% | 12/08/2028 | 2083021 | 2087583 |
| &nbsp;&nbsp;&nbsp;Michael Baker International, LLC, Term B-1 | 3M SOFR + 4.00% | 12/01/2028 | 272135 | 272475 |
|  |  |  |  | 5236650 |
| ***Construction Materials - 0.58%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Artera Services, LLC, Tranche C | 3M SOFR + 4.50% | 02/15/2031 | 321790 | 258841 |
| &nbsp;&nbsp;&nbsp;LSF12 Crown US Commercial Bidco LLC, 2025 Refinancing | 1M SOFR + 3.50% | 12/02/2031 | 1607635 | 1616172 |
| &nbsp;&nbsp;&nbsp;Mativ Holdings, Inc., Term B | 1M SOFR + 3.86% | 04/20/2028 | 155960 | 154400 |
| &nbsp;&nbsp;&nbsp;Tiger Acquisition LLC, Initial | 1M SOFR + 2.50% | 08/23/2032 | 346381 | 347247 |
|  |  |  |  | 2376660 |
| ***Containers & Packaging - 1.68%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Berlin Packaging LLC, 2025 Replacement | 3M SOFR + 3.25% | 06/09/2031 | 751332 | 752790 |
| &nbsp;&nbsp;&nbsp;Clydesdale Acquisition Holdings, Inc., 2025 Incremental Closing Date Term B | 1M SOFR + 3.25% | 04/01/2032 | 1131195 | 1129679 |
| &nbsp;&nbsp;&nbsp;Clydesdale Acquisition Holdings, Inc., 2025 Incremental Delayed Draw Term B | 1M SOFR + 3.25% | 04/01/2032 | 2677 | 2674 |
| &nbsp;&nbsp;&nbsp;Clydesdale Acquisition Holdings, Inc., Term B | 1M SOFR + 3.18% | 04/13/2029 | 500000 | 500085 |
| &nbsp;&nbsp;&nbsp;Pelican Products, Inc., Initial | 3M SOFR + 4.51% | 12/29/2028 | 471615 | 425043 |
| &nbsp;&nbsp;&nbsp;Pregis TopCo LLC, Tenth Amendment | 1M SOFR + 4.00% | 02/01/2029 | 218505 | 220183 |
| &nbsp;&nbsp;&nbsp;Proampac PG Borrower LLC, 2024-1 | 3M SOFR + 4.00% | 09/15/2028 | 356271 | 356466 |
| &nbsp;&nbsp;&nbsp;Ring Container Technologies Group, LLC, 2025 Refinancing | 1M SOFR + 2.50% | 09/15/2032 | 222918 | 223424 |
| &nbsp;&nbsp;&nbsp;RLG Holdings, LLC, Closing Date Initial | 1M SOFR + 4.36% | 07/07/2028 | 1315579 | 788032 |
| &nbsp;&nbsp;&nbsp;Sabert Corp., Term B | 1M SOFR + 3.11% | 12/10/2026 | 909739 | 907465 |
| &nbsp;&nbsp;&nbsp;Tricorbraun Holdings, Inc., Closing Date Initial | 1M SOFR + 3.25% | 03/03/2031 | 1598123 | 1543195 |
|  |  |  |  | 6849036 |
| ***Distributors - 0.64%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Aramsco Parent, Inc., Closing Date Initial | 3M SOFR + 4.75% | 10/10/2030 | 385567 | 258176 |
| &nbsp;&nbsp;&nbsp;BCPE Empire Holdings, Inc., Amendment No. 8 Refinancing | 1M SOFR + 3.25% | 12/11/2030 | 2393282 | 2364371 |
|  |  |  |  | 2622547 |
| ***Diversified Consumer Services - 2.06%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;AAdvantage Loyalty IP Ltd. and American Airlines, Inc., 2025 Incremental | 3M SOFR + 3.25% | 05/28/2032 | 1076121 | 1080834 |
| &nbsp;&nbsp;&nbsp;Anticimex Global AB, Facility B8 | 3M SOFR + 2.90% | 11/17/2031 | 507410 | 509313 |
| &nbsp;&nbsp;&nbsp;Cast & Crew Payroll, LLC, Incremental Facility No. 2 Incremental | 1M SOFR + 3.75% | 12/29/2028 | 197554 | 115470 |
| &nbsp;&nbsp;&nbsp;Sabre GLBL Inc, 2025 Other Term B-1 | 1M SOFR + 6.35% | 07/30/2029 | 247981 | 220703 |
| &nbsp;&nbsp;&nbsp;Sabre GLBL Inc, 2025 Other Term B-2 | 1M SOFR + 6.35% | 07/30/2029 | 148722 | 132363 |
| &nbsp;&nbsp;&nbsp;Spin Holdco, Inc., Initial | 3M SOFR + 4.26% | 03/04/2028 | 2111943 | 1623557 |
| &nbsp;&nbsp;&nbsp;Staples, Inc., Closing Date | 3M SOFR + 5.75% | 09/04/2029 | 268331 | 254201 |
| &nbsp;&nbsp;&nbsp;Stubhub Holdings, Inc., Extended Term B | 1M SOFR + 4.75% | 03/15/2030 | 1073076 | 1061894 |
| &nbsp;&nbsp;&nbsp;The Knot Worldwide, Inc., Amendment No. 5 | 1M SOFR + 3.75% | 01/31/2028 | 865961 | 720913 |
| &nbsp;&nbsp;&nbsp;TruGreen LP, Second Refinancing | 1M SOFR + 4.10% | 11/02/2027 | 174561 | 170677 |
| &nbsp;&nbsp;&nbsp;Wash Bidco, Inc., Initial | 1M SOFR + 3.25% | 09/10/2032 | 547702 | 551810 |
| &nbsp;&nbsp;&nbsp;WestJet Loyalty LP, Initial | 3M SOFR + 3.25% | 02/14/2031 | 1944290 | 1950823 |
|  |  |  |  | 8392558 |
| ***Diversified Financial Services - 5.69%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ascensus Holdings, Inc., Amendment No. 4 Replacement | 1M SOFR + 3.00% | 11/24/2032 | 1500000 | 1497375 |
| &nbsp;&nbsp;&nbsp;BCPE Pequod Buyer, Inc., Initial | 1M SOFR + 3.00% | 11/25/2031 | 1828228 | 1831080 |
| &nbsp;&nbsp;&nbsp;Blackhawk Network Holdings, Inc., Term B-2 | 3M SOFR + 4.00% | 03/12/2029 | 2281915 | 2290472 |
| &nbsp;&nbsp;&nbsp;Chicago US Midco III, LP, Closing Date | 1M SOFR + 2.50% | 10/30/2032 | 471646 | 472235 |
| &nbsp;&nbsp;&nbsp;Citco Funding LLC, 2024 TL | 1M SOFR + 2.75% | 04/27/2028 | 770268 | 774843 |
| &nbsp;&nbsp;&nbsp;Citrin Cooperman Advisors LLC, Initial | 3M SOFR + 3.00% | 04/01/2032 | 726023 | 727838 |
| &nbsp;&nbsp;&nbsp;CoreLogic, Inc., Initial | 1M SOFR + 3.61% | 06/02/2028 | 1079120 | 1078731 |
| &nbsp;&nbsp;&nbsp;EP WEALTH ADVISORS, LLC, Closing Date | 3M SOFR + 3.00% | 10/18/2032 | 164625 | 165037 |
| &nbsp;&nbsp;&nbsp;First Eagle Holdings, Inc., Initial | 3M SOFR + 3.50% | 08/16/2032 | 854167 | 852373 |
| &nbsp;&nbsp;&nbsp;FNZ USA FINCO, LLC, Initial | 3M SOFR + 5.00% | 11/05/2031 | 1308105 | 1026863 |
| &nbsp;&nbsp;&nbsp;Focus Financial Partners, LLC, Tranche B | 1M SOFR + 2.50% | 09/15/2031 | 1980323 | 1983135 |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **SENIOR SECURED FIRST LIEN LOANS - 76.84%<sup>(b)</sup>** **(Continued)** |  |  |  |  |
| ***Diversified Financial Services - 5.69% (continued)*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Grant Thornton Advisors LLC, 2025 Incremental | &nbsp;&nbsp;1M SOFR + 2.75% | &nbsp;&nbsp;06/02/2031 | $2450286 | $2452246 |
| &nbsp;&nbsp;&nbsp;Grant Thornton Advisors LLC, 2025-2 Incremental | &nbsp;&nbsp;1M SOFR + 3.00% | &nbsp;&nbsp;06/02/2031 | 461401 | 462721 |
| &nbsp;&nbsp;&nbsp;Hightower Holdings, LLC, Amendment No. 10 Replacement | &nbsp;&nbsp;3M SOFR + 2.75% | &nbsp;&nbsp;02/03/2032 | 1573692 | 1574684 |
| &nbsp;&nbsp;&nbsp;Janney Montgomery Scott, Initial | &nbsp;&nbsp;3M SOFR + 2.75% | &nbsp;&nbsp;11/28/2031 | 1132519 | 1139359 |
| &nbsp;&nbsp;&nbsp;Nexus Buyer, LLC, Amendment No. 9 Refinancing | &nbsp;&nbsp;1M SOFR + 3.50% | &nbsp;&nbsp;07/31/2031 | 3587994 | 3534569 |
| &nbsp;&nbsp;&nbsp;Nexus Buyer, LLC, Amendment No.10 | &nbsp;&nbsp;1M SOFR + 4.00% | &nbsp;&nbsp;07/31/2031 | 516989 | 512574 |
| &nbsp;&nbsp;&nbsp;Osmose Holdings, Initial | &nbsp;&nbsp;1M SOFR + 3.36% | &nbsp;&nbsp;06/23/2028 | 787283 | 772033 |
|  |  |  |  | 23148168 |
| ***Diversified Telecommunication Services - 1.95%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cogeco Financing 2 LP, Term B | &nbsp;&nbsp;1M SOFR + 3.25% | &nbsp;&nbsp;09/18/2030 | 410274 | 395180 |
| &nbsp;&nbsp;&nbsp;Directv Financing, LLC, Closing Date | &nbsp;&nbsp;3M SOFR + 5.26% | &nbsp;&nbsp;08/02/2027 | 96735 | 96762 |
| &nbsp;&nbsp;&nbsp;LCPR Loan Financing LLC, 2021 Additional | &nbsp;&nbsp;6M SOFR + 4.18% | &nbsp;&nbsp;10/16/2028 | 558979 | 361682 |
| &nbsp;&nbsp;&nbsp;Level 3 Financing, Inc., Term B-4 | &nbsp;&nbsp;1M SOFR + 3.25% | &nbsp;&nbsp;03/29/2032 | 478743 | 479820 |
| &nbsp;&nbsp;&nbsp;Numericable US LLC, USD TLB-14 | &nbsp;&nbsp;3M SOFR + 6.88% | &nbsp;&nbsp;05/31/2031 | 840362 | 839135 |
| &nbsp;&nbsp;&nbsp;Syniverse Holdings, LLC, Initial | &nbsp;&nbsp;3M SOFR + 7.00% | &nbsp;&nbsp;05/13/2027 | 626053 | 601236 |
| &nbsp;&nbsp;&nbsp;Viasat, Inc., Incremental | &nbsp;&nbsp;1M SOFR + 4.61% | &nbsp;&nbsp;05/30/2030 | 371449 | 369767 |
| &nbsp;&nbsp;&nbsp;Viasat, Inc., Initial | &nbsp;&nbsp;1M SOFR + 4.61% | &nbsp;&nbsp;03/02/2029 | 645698 | 642908 |
| &nbsp;&nbsp;&nbsp;Wide Open West Finance, LLC, First Out | &nbsp;&nbsp;3M SOFR + 7.26% | &nbsp;&nbsp;12/11/2028 | 672009 | 682647 |
| &nbsp;&nbsp;&nbsp;Windstream Services, LLC, Incremental TL | &nbsp;&nbsp;1M SOFR + 4.85% | &nbsp;&nbsp;10/01/2031 | 1917501 | 1922295 |
| &nbsp;&nbsp;&nbsp;Zacapa S.a.r.l., Initial | &nbsp;&nbsp;3M SOFR + 3.75% | &nbsp;&nbsp;03/22/2029 | 1526303 | 1526395 |
|  |  |  |  | 7917827 |
| ***Electrical Equipment - 0.28%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Pioneer AcquisitionCo, LLC, Initial | &nbsp;&nbsp;3M SOFR + 3.25% | &nbsp;&nbsp;10/27/2032 | 162098 | 162706 |
| &nbsp;&nbsp;&nbsp;Spectris, Facility B2 | &nbsp;&nbsp;3M SOFR + 2.75% | &nbsp;&nbsp;09/30/2032 | 130675 | 131165 |
| &nbsp;&nbsp;&nbsp;Trio Bidco, LLC, Closing Date Term B | &nbsp;&nbsp;3M SOFR + 4.00% | &nbsp;&nbsp;10/29/2032 | 838578 | 839979 |
|  |  |  |  | 1133850 |
| ***Electronic Equipment, Instruments & Components - 0.12%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Infinite Bidco LLC., TL | &nbsp;&nbsp;3M SOFR + 4.01% | &nbsp;&nbsp;03/02/2028 | 497549 | 490499 |
| ***Food & Staples Retailing - 0.69%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BW Gas & Convenience Holdings, LLC, Initial | &nbsp;&nbsp;1M SOFR + 3.61% | &nbsp;&nbsp;03/31/2028 | 528779 | 527018 |
| &nbsp;&nbsp;&nbsp;EG America, LLC, New Facility B3 | &nbsp;&nbsp;3M SOFR + 3.50% | &nbsp;&nbsp;02/07/2028 | 1453887 | 1458132 |
| &nbsp;&nbsp;&nbsp;Upbound, 2025 TL | &nbsp;&nbsp;3M SOFR + 2.75% | &nbsp;&nbsp;08/13/2032 | 822241 | 826352 |
|  |  |  |  | 2811502 |
| ***Food Products - 0.64%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Froneri US, Inc., Facility B6 | &nbsp;&nbsp;6M SOFR + 2.25% | &nbsp;&nbsp;08/02/2032 | 1875392 | 1874679 |
| &nbsp;&nbsp;&nbsp;Pacific Bells, LLC, Initial Term B-1 | &nbsp;&nbsp;3M SOFR + 3.75% | &nbsp;&nbsp;11/13/2028 | 398482 | 399645 |
| &nbsp;&nbsp;&nbsp;Snacking Investments US LLC, 2025 U.S. TL | &nbsp;&nbsp;3M SOFR + 3.00% | &nbsp;&nbsp;10/29/2032 | 319016 | 320611 |
|  |  |  |  | 2594935 |
| ***Gas Utilities - 0.34%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prairie Acquiror LP, Initial Term B-4 | &nbsp;&nbsp;1M SOFR + 3.75% | &nbsp;&nbsp;08/01/2029 | 1375687 | 1382277 |
| ***Health Care Equipment & Supplies - 0.79%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Bausch & Lomb Corp., First Incremental TL | &nbsp;&nbsp;1M SOFR + 4.00% | &nbsp;&nbsp;09/29/2028 | 1361518 | 1361518 |
| &nbsp;&nbsp;&nbsp;Hanger, Inc., Delayed Draw<sup>(f)</sup> | &nbsp;&nbsp;1M SOFR + 3.50% | &nbsp;&nbsp;10/23/2031 | 93123 | 93513 |
| &nbsp;&nbsp;&nbsp;Hanger, Inc., Initial | &nbsp;&nbsp;1M SOFR + 3.50% | &nbsp;&nbsp;10/23/2031 | 1221129 | 1224146 |
| &nbsp;&nbsp;&nbsp;Paradigm Parent, LLC, Initial | &nbsp;&nbsp;3M SOFR + 4.50% | &nbsp;&nbsp;04/16/2032 | 491161 | 430841 |
| &nbsp;&nbsp;&nbsp;Zest Acquisition Corp., Term B-1 | &nbsp;&nbsp;3M SOFR + 5.25% | &nbsp;&nbsp;02/08/2028 | 101451 | 99168 |
|  |  |  |  | 3209186 |
| ***Health Care Providers & Services - 5.08%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Azalea Topco, Inc., 2025 Refinancing | &nbsp;&nbsp;1M SOFR + 3.00% | &nbsp;&nbsp;04/30/2031 | 1714841 | 1716985 |
| &nbsp;&nbsp;&nbsp;Charlotte Buyer, Inc., Second Refinancing | &nbsp;&nbsp;1M SOFR + 4.25% | &nbsp;&nbsp;02/11/2028 | 2030601 | 1991572 |
| &nbsp;&nbsp;&nbsp;CHG Healthcare Services, Inc., Amendment No. 7 Refinancing | &nbsp;&nbsp;3M SOFR + 2.75% | &nbsp;&nbsp;09/29/2028 | 1119122 | 1123822 |
| &nbsp;&nbsp;&nbsp;Cotiviti, Inc., Floating Rate TL | &nbsp;&nbsp;1M SOFR + 2.75% | &nbsp;&nbsp;05/01/2031 | 808768 | 775746 |
| &nbsp;&nbsp;&nbsp;Cotiviti, Inc., Incremental TL | &nbsp;&nbsp;1M SOFR + 2.75% | &nbsp;&nbsp;03/26/2032 | 701983 | 672591 |
| &nbsp;&nbsp;&nbsp;Covetrus, Inc., Initial | &nbsp;&nbsp;3M SOFR + 5.00% | &nbsp;&nbsp;10/13/2029 | 1213499 | 1084055 |
| &nbsp;&nbsp;&nbsp;ExamWorks Group, Inc., Initial | &nbsp;&nbsp;1M SOFR + 2.50% | &nbsp;&nbsp;11/01/2028 | 682045 | 685182 |
| &nbsp;&nbsp;&nbsp;Global Medical Response, Inc., Initial | &nbsp;&nbsp;3M SOFR + 3.50% | &nbsp;&nbsp;10/01/2032 | 1754189 | 1764135 |
| &nbsp;&nbsp;&nbsp;Ingenovis Health, Inc., Initial | &nbsp;&nbsp;3M SOFR + 4.51% | &nbsp;&nbsp;03/06/2028 | 1117471 | 298924 |
| &nbsp;&nbsp;&nbsp;Lifepoint Health, Inc., 2024 Refinancing | &nbsp;&nbsp;3M SOFR + 3.75% | &nbsp;&nbsp;05/17/2031 | 2351746 | 2358237 |
| &nbsp;&nbsp;&nbsp;National Mentor Holdings, Inc., Closing Date First Lien | &nbsp;&nbsp;1M SOFR + 6.00% | &nbsp;&nbsp;12/12/2030 | 385740 | 385983 |
| &nbsp;&nbsp;&nbsp;Organon & Co., 2024 Converted Dollar | &nbsp;&nbsp;1M SOFR + 2.25% | &nbsp;&nbsp;05/19/2031 | 105450 | 101338 |
| &nbsp;&nbsp;&nbsp;Outcomes Group Holdings, Inc., 2025 Replacement | &nbsp;&nbsp;1M SOFR + 3.00% | &nbsp;&nbsp;05/06/2031 | 589658 | 592772 |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **SENIOR SECURED FIRST LIEN LOANS - 76.84%<sup>(b)</sup>** **(Continued)** |  |  |  |  |
| ***Health Care Providers & Services - 5.08%(continued)*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Parexel International, Inc., Seventh Amendment | 1M SOFR + 2.75% | 12/12/2031 | $401832 | $402921 |
| &nbsp;&nbsp;&nbsp;Sharp Services, LLC, Tranche E | 3M SOFR + 3.00% | 09/29/2032 | 736501 | 738342 |
| &nbsp;&nbsp;&nbsp;Solaris US BidCo, LLC, Initial | 3M SOFR + 5.25% | 11/29/2030 | 1739536 | 1704746 |
| &nbsp;&nbsp;&nbsp;Southern Veterinary Partners, LLC, 2025 New TL | 3M SOFR + 2.50% | 12/04/2031 | 2224646 | 2220975 |
| &nbsp;&nbsp;&nbsp;Summit Behavioral Health, LLC, First Out | 3M SOFR + 6.01% | 12/31/2029 | 177865 | 182015 |
| &nbsp;&nbsp;&nbsp;Summit Behavioral Health, LLC, Second Out | 3M SOFR + 4.51% | 12/31/2029 | 1045405 | 901662 |
| &nbsp;&nbsp;&nbsp;WCG Intermediate Corp., 2025 Refinancing | 1M SOFR + 3.00% | 02/25/2032 | 980391 | 981773 |
|  |  |  |  | 20683776 |
| ***Health Care Technology - 2.09%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;AthenaHealth Group, Inc., Initial | 1M SOFR + 2.75% | 02/15/2029 | 3310626 | 3314069 |
| &nbsp;&nbsp;&nbsp;Ensemble RCM, LLC, Term B | 3M SOFR + 3.00% | 08/01/2029 | 2292928 | 2302857 |
| &nbsp;&nbsp;&nbsp;Gainwell Acquisition Corp., Term B | 3M SOFR + 4.10% | 10/01/2027 | 941140 | 923023 |
| &nbsp;&nbsp;&nbsp;Raven Acquisition Holdings, LLC, Initial | 1M SOFR + 3.00% | 11/19/2031 | 1173308 | 1176605 |
| &nbsp;&nbsp;&nbsp;Zelis Payments Buyer, Inc. & Zelis Cost Management Buyer, Inc., Amendment No. 5 | 1M SOFR + 3.25% | 11/26/2031 | 776898 | 770100 |
|  |  |  |  | 8486654 |
| ***Hotels, Restaurants & Leisure - 5.04%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;19th Holdings Golf, LLC, Initial | 1M SOFR + 3.35% | 02/07/2029 | 997416 | 1003650 |
| &nbsp;&nbsp;&nbsp;Allwyn International A.S., New B Facility | 1M SOFR + 2.50% | 11/24/2032 | 899864 | 881867 |
| &nbsp;&nbsp;&nbsp;Alterra Mountain Co., Series B-8 | 1M SOFR + 2.50% | 05/31/2030 | 391516 | 392984 |
| &nbsp;&nbsp;&nbsp;Arcis Golf, LLC, Amendment No. 3 | 1M SOFR + 2.75% | 11/24/2028 | 256310 | 256631 |
| &nbsp;&nbsp;&nbsp;BCPE Grill Parent, Inc., Initial | 1M SOFR + 4.75% | 09/30/2030 | 563145 | 521309 |
| &nbsp;&nbsp;&nbsp;Bulldog Purchaser, Inc., 2024 | 3M SOFR + 3.75% | 06/27/2031 | 1453755 | 1461329 |
| &nbsp;&nbsp;&nbsp;Catawba Nation Gaming Authority, Term B | 1M SOFR + 4.75% | 03/29/2032 | 1193096 | 1219941 |
| &nbsp;&nbsp;&nbsp;Dave & Buster's, Inc., 2024 Incremental Term B | 1M SOFR + 3.25% | 11/01/2031 | 1000500 | 889505 |
| &nbsp;&nbsp;&nbsp;Dave & Buster's, Inc., 2024 Refinancing Term B | 1M SOFR + 3.25% | 06/29/2029 | 446565 | 409862 |
| &nbsp;&nbsp;&nbsp;Fertitta Entertainment, LLC, Initial B | 1M SOFR + 3.25% | 01/27/2029 | 1442888 | 1442152 |
| &nbsp;&nbsp;&nbsp;Fitness International, LLC, Term B | 1M SOFR + 4.50% | 02/12/2029 | 969919 | 970889 |
| &nbsp;&nbsp;&nbsp;Flynn Restaurant Group LP, Series 2025 | 1M SOFR + 3.75% | 01/28/2032 | 1333637 | 1338011 |
| &nbsp;&nbsp;&nbsp;Herschend Entertainment Company, LLC, Initial | 1M SOFR + 3.25% | 05/27/2032 | 301405 | 303288 |
| &nbsp;&nbsp;&nbsp;Horizon Midco 2 Ltd., Term B | 6M SOFR + 4.50% | 10/31/2031 | 1481813 | 1442915 |
| &nbsp;&nbsp;&nbsp;Kingpin Intermediate Holdings LLC, Amendment No. 15 | 1M SOFR + 3.25% | 09/22/2032 | 1512702 | 1478666 |
| &nbsp;&nbsp;&nbsp;LC Ahab US Bidco LLC, Initial | 1M SOFR + 3.00% | 05/01/2031 | 1638852 | 1641933 |
| &nbsp;&nbsp;&nbsp;MIC Glen LLC, 2025 TL | 1M SOFR + 3.25% | 07/21/2028 | 379547 | 381873 |
| &nbsp;&nbsp;&nbsp;Motion Finco, LLC, Facility B3 | 3M SOFR + 3.50% | 11/12/2029 | 993217 | 879622 |
| &nbsp;&nbsp;&nbsp;Ontario Gaming GTA LP, Term B | 3M SOFR + 4.25% | 08/01/2030 | 545951 | 504126 |
| &nbsp;&nbsp;&nbsp;Scientific Games Holdings LP, 2024 Refinancing | 3M SOFR + 3.00% | 04/04/2029 | 496231 | 486867 |
| &nbsp;&nbsp;&nbsp;SGH2 LLC, Initial | 3M SOFR + 4.50% | 08/18/2032 | 865272 | 867436 |
| &nbsp;&nbsp;&nbsp;Tacala, LLC, Amendment No. 4 Replacement | 1M SOFR + 3.00% | 01/31/2031 | 310087 | 311969 |
| &nbsp;&nbsp;&nbsp;Topgolf Callaway Brands Corp., Initial | 1M SOFR + 3.00% | 03/15/2030 | 1407464 | 1410392 |
|  |  |  |  | 20497217 |
| ***Household Durables - 0.92%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fender Musical Instruments Corp., Initial | 1M SOFR + 4.10% | 12/01/2028 | 182101 | 163891 |
| &nbsp;&nbsp;&nbsp;Hunter Douglas, Inc., Tranche B-1 | 3M SOFR + 3.00% | 01/17/2032 | 2462129 | 2471362 |
| &nbsp;&nbsp;&nbsp;TGP Holdings III LLC, Closing Date | 1M SOFR + 3.35% | 06/29/2028 | 499768 | 464614 |
| &nbsp;&nbsp;&nbsp;Weber-Stephen Products LLC, Initial Term B | 3M SOFR + 3.75% | 10/01/2032 | 653388 | 653714 |
|  |  |  |  | 3753581 |
| ***Independent Power/Renewable Electricity Producers - 1.04%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Carroll County Energy LLC, TL | 3M SOFR + 2.75% | 06/30/2031 | 665499 | 667995 |
| &nbsp;&nbsp;&nbsp;Cornerstone Generation LLC, Term Loan B | 3M SOFR + 3.25% | 08/11/2032 | 561547 | 565961 |
| &nbsp;&nbsp;&nbsp;CPV Fairview, LLC, Term B Facility | 3M SOFR + 2.50% | 08/14/2031 | 173223 | 173818 |
| &nbsp;&nbsp;&nbsp;Hamilton Projects Acquiror, LLC, 2025-2 Repricing | 1M SOFR + 2.50% | 05/30/2031 | 935902 | 941227 |
| &nbsp;&nbsp;&nbsp;Hunterstown Generation, LLC, Repriced | 3M SOFR + 3.00% | 11/06/2031 | 465571 | 465571 |
| &nbsp;&nbsp;&nbsp;South Field Energy LLC, Term Loan B | 3M SOFR + 3.00% | 08/29/2031 | 1331157 | 1339477 |
| &nbsp;&nbsp;&nbsp;South Field Energy LLC, Term Loan C Advances | 3M SOFR + 3.00% | 08/29/2031 | 80220 | 80721 |
|  |  |  |  | 4234770 |
| ***Industrial Conglomerates - 2.53%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Astro Acquisition, LLC, Initial | 6M SOFR + 3.25% | 08/30/2032 | 371675 | 373998 |
| &nbsp;&nbsp;&nbsp;BG MS US Holdings, LLC, Term B | 3M SOFR + 4.75% | 10/22/2032 | 683271 | 681562 |
| &nbsp;&nbsp;&nbsp;Cube Industrials Buyer, Inc., 2025 TL | 3M SOFR + 3.00% | 10/17/2031 | 795960 | 800600 |
| &nbsp;&nbsp;&nbsp;Madison IAQ LLC, 2025 Repriced Incremental | 3M SOFR + 2.75% | 11/08/2032 | 588601 | 591809 |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **SENIOR SECURED FIRST LIEN LOANS - 76.84%<sup>(b)</sup>** **(Continued)** |  |  | | |
| ***Industrial Conglomerates - 2.53% (continued)*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;MajorDrive Holdings IV, LLC, 2022 Incremental | 3M SOFR + 5.65% | 06/01/2029 | $286314 | $260308 |
| &nbsp;&nbsp;&nbsp;MajorDrive Holdings IV, LLC, Initial | 3M SOFR + 4.26% | 06/01/2028 | 244516 | 221287 |
| &nbsp;&nbsp;&nbsp;Merlin Buyer, Inc., Initial | 3M SOFR + 4.00% | 12/14/2028 | 793569 | 800267 |
| &nbsp;&nbsp;&nbsp;SPX Flow, Inc., 2025 TL | 1M SOFR + 2.75% | 04/05/2029 | 1997847 | 2001783 |
| &nbsp;&nbsp;&nbsp;SunSource Borrower, LLC, Initial | 1M SOFR + 4.10% | 03/25/2031 | 2219057 | 2216283 |
| &nbsp;&nbsp;&nbsp;TK Elevator Midco GmbH, New Facility B | 6M SOFR + 2.75% | 04/30/2030 | 2339112 | 2352375 |
|  |  |  |  | 10300272 |
| ***Insurance - 5.64%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Acrisure LLC, 2024 Repricing Term B-6 | 1M SOFR + 3.00% | 11/06/2030 | 1692298 | 1689133 |
| &nbsp;&nbsp;&nbsp;Alera Group, Inc., First Lien Initial | 1M SOFR + 3.25% | 05/30/2032 | 1187020 | 1192065 |
| &nbsp;&nbsp;&nbsp;Ardonagh Group Finco Pty and Ardonagh Finco BV, Syndicated Facility B | 6M SOFR + 2.75% | 02/15/2031 | 2366046 | 2358664 |
| &nbsp;&nbsp;&nbsp;Asurion, LLC, New B-11 | 1M SOFR + 4.35% | 08/19/2028 | 997436 | 998683 |
| &nbsp;&nbsp;&nbsp;Asurion, LLC, New B-12 | 1M SOFR + 4.25% | 09/19/2030 | 309346 | 309201 |
| &nbsp;&nbsp;&nbsp;Asurion, LLC, New B-13 | 1M SOFR + 4.25% | 09/19/2030 | 480139 | 479764 |
| &nbsp;&nbsp;&nbsp;BroadStreet Partners, Inc., Term B-4 | 1M SOFR + 2.75% | 06/13/2031 | 2355979 | 2362788 |
| &nbsp;&nbsp;&nbsp;Hyperion Refinance S.a.r.l, 2025-3 Refinancing | 3M SOFR + 2.75% | 04/18/2030 | 437887 | 438710 |
| &nbsp;&nbsp;&nbsp;Hyperion Refinance S.a.r.l., 2025-2 Refinancing | 1M SOFR + 2.75% | 02/15/2031 | 2986667 | 2991535 |
| &nbsp;&nbsp;&nbsp;IMA Financial Group, Inc., Initial | 1M SOFR + 3.00% | 11/01/2028 | 1406887 | 1409307 |
| &nbsp;&nbsp;&nbsp;OneDigital Borrower LLC, 2025 Refinancing | 1M SOFR + 3.00% | 07/02/2031 | 2060984 | 2063602 |
| &nbsp;&nbsp;&nbsp;Sedgwick Claims Management Services, Inc., 2023 TL | 1M SOFR + 2.50% | 07/31/2031 | 1723855 | 1728888 |
| &nbsp;&nbsp;&nbsp;The Baldwin Insurance Group Holdings, LLC, Refinancing Term B-2 | 1M SOFR + 2.50% | 05/26/2031 | 2670320 | 2661428 |
| &nbsp;&nbsp;&nbsp;TIH Insurance Holdings, LLC, Amendment No. 1 Replacement | 3M SOFR + 2.75% | 05/06/2031 | 1223713 | 1224227 |
| &nbsp;&nbsp;&nbsp;Trucordia Insurance Holdings, LLC, Initial | 1M SOFR + 3.25% | 06/17/2032 | 1033024 | 1025277 |
|  |  |  |  | 22933272 |
| ***Internet and Catalog Retail - 0.10%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Shutterfly Finance, LLC, Exchanged Term B | 3M SOFR + 5.00% | 10/01/2027 | 448783 | 426824 |
| ***IT Services - 1.13%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Avalara, Inc., New TL | 3M SOFR + 2.75% | 03/26/2032 | 1086688 | 1090611 |
| &nbsp;&nbsp;&nbsp;Constant Contact, Inc., Initial | 3M SOFR + 4.26% | 02/10/2028 | 1623939 | 1544188 |
| &nbsp;&nbsp;&nbsp;Disco Parent, Inc., TL | 3M SOFR + 3.25% | 08/06/2032 | 94529 | 95002 |
| &nbsp;&nbsp;&nbsp;Endure Digital, Inc., Exchange Superpriority First Out | 1M SOFR + 3.60% | 04/30/2029 | 284257 | 236644 |
| &nbsp;&nbsp;&nbsp;Endure Digital, Inc., Exchange Superpriority Second Out | 1M SOFR + 3.60% | 04/30/2029 | 94281 | 59239 |
| &nbsp;&nbsp;&nbsp;Endure Digital, Inc., New Money Tranche A | 1M SOFR + 5.75% | 04/30/2029 | 31493 | 29367 |
| &nbsp;&nbsp;&nbsp;Ping Identity Holding Corp., Initial | 3M SOFR + 2.75% | 11/15/2032 | 524323 | 524978 |
| &nbsp;&nbsp;&nbsp;Rackspace Technology Global, Inc., Super-Priority Term B | 1M SOFR + 6.36% | 05/15/2028 | 994937 | 1009861 |
|  |  |  |  | 4589890 |
| ***Life Sciences Tools & Services - 0.34%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Precision Medicine Group, LLC, Amendment No. 4 Refinancing | 3M SOFR + 3.50% | 08/20/2032 | 1371279 | 1378136 |
| ***Machinery - 0.93%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Element Materials Technology Group US Holdings, Inc., Initial Term B | 3M SOFR + 3.68% | 07/06/2029 | 1103482 | 1110379 |
| &nbsp;&nbsp;&nbsp;Indicor, LLC, Tranche D | 3M SOFR + 2.75% | 11/22/2029 | 1524784 | 1532926 |
| &nbsp;&nbsp;&nbsp;Johnstone Supply, LLC, Extended Term B-6 | 1M SOFR + 2.50% | 06/09/2031 | 464420 | 466677 |
| &nbsp;&nbsp;&nbsp;Pro Mach Group, Inc., Amendment No. 6 | 1M SOFR + 2.75% | 10/16/2032 | 655701 | 659648 |
|  |  |  |  | 3769630 |
| ***Media - 3.29%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Aragorn Parent Corp., 2025 Replacement | 1M SOFR + 3.50% | 12/15/2028 | 1068428 | 1074657 |
| &nbsp;&nbsp;&nbsp;Arches Buyer, Inc., Initial | 1M SOFR + 3.35% | 12/06/2027 | 1485021 | 1487070 |
| &nbsp;&nbsp;&nbsp;Clear Channel Outdoor Holdings, Inc., 2024 Refinancing | 1M SOFR + 4.11% | 08/21/2028 | 1250000 | 1250675 |
| &nbsp;&nbsp;&nbsp;Creative Artists Agency, LLC, 2025 Refinancing | 1M SOFR + 2.50% | 10/01/2031 | 2797235 | 2806550 |
| &nbsp;&nbsp;&nbsp;Endeavor Group Holdings, Inc., Term Loan B | 1M SOFR + 3.00% | 03/24/2032 | 2174193 | 2183847 |
| &nbsp;&nbsp;&nbsp;Gray Television, Inc., Term F | 1M SOFR + 5.25% | 06/04/2029 | 15113 | 15100 |
| &nbsp;&nbsp;&nbsp;Red Planet Borrower, LLC, Initial | 1M SOFR + 4.00% | 09/08/2032 | 466399 | 466837 |
| &nbsp;&nbsp;&nbsp;Summer (BC) Bidco B LLC, Extended Facility B1 | 3M SOFR + 5.26% | 02/15/2029 | 1005674 | 934019 |
| &nbsp;&nbsp;&nbsp;United Talent Agency, LLC, Term B | 1M SOFR + 3.00% | 06/10/2032 | 1410976 | 1419795 |
| &nbsp;&nbsp;&nbsp;Univision Communications, Inc., 2024 Replacement | 1M SOFR + 3.61% | 01/31/2029 | 1257909 | 1253582 |
| &nbsp;&nbsp;&nbsp;Wasserman Media Group, LLC, Initial | 1M SOFR + 3.00% | 06/23/2032 | 471261 | 473028 |
|  |  |  |  | 13365160 |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **SENIOR SECURED FIRST LIEN LOANS - 76.84%<sup>(b)</sup>** **(Continued)** |  |  |  |  |
| ***Oil, Gas & Consumable Fuels - 0.35%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Blackfin Pipeline, LLC, Initial | 1M SOFR + 3.00% | 09/29/2032 | $367647 | $367952 |
| &nbsp;&nbsp;&nbsp;Deep Blue Operating I LLC, TL | 1M SOFR + 2.75% | 10/01/2032 | 199180 | 199636 |
| &nbsp;&nbsp;&nbsp;Fleet U.S. Bidco, Inc., Facilty B2 | 6M SOFR + 2.75% | 02/21/2031 | 100003 | 100379 |
| &nbsp;&nbsp;&nbsp;M6 ETX Holdings II Midco, LLC, New TL | 1M SOFR + 2.50% | 04/01/2032 | 234696 | 235785 |
| &nbsp;&nbsp;&nbsp;Par Petroleum, LLC, Amendment No. 3 | 3M SOFR + 3.25% | 02/28/2030 | 500000 | 501460 |
|  |  |  |  | 1405212 |
| ***Paper & Forest Products - 0.01%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Closure Systems Intl. Group, Inc., Amendment No. 6 Repriced | 1M SOFR + 3.00% | 03/22/2029 | 45068 | 45136 |
| ***Pharmaceuticals - 1.49%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Amneal Pharmaceuticals LLC, Amendment No. 1 | 1M SOFR + 3.50% | 08/01/2032 | 2927801 | 2949759 |
| &nbsp;&nbsp;&nbsp;Endo Finance Holdings, Inc., 2024 Refinancing | 1M SOFR + 3.75% | 04/23/2031 | 651057 | 645361 |
| &nbsp;&nbsp;&nbsp;Genmab A/S, Initial Term B | 3M SOFR + 3.00% | 12/12/2032 | 626794 | 629539 |
| &nbsp;&nbsp;&nbsp;Opal Bidco SAS, Facility B4 | 3M SOFR + 3.00% | 04/28/2032 | 1842955 | 1852741 |
|  |  |  |  | 6077400 |
| ***Professional Services - 4.05%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;AQ Carver Buyer, Inc., 2023 Refinancing | 3M SOFR + 5.60% | 08/02/2029 | 1222776 | 1160109 |
| &nbsp;&nbsp;&nbsp;Armor Holdco, Inc., 2025-1 Incremental | 6M SOFR + 3.75% | 12/11/2031 | 1030792 | 1034338 |
| &nbsp;&nbsp;&nbsp;Berkeley Research Group, Initial | 3M SOFR + 3.25% | 05/01/2032 | 684805 | 685517 |
| &nbsp;&nbsp;&nbsp;DS Admiral Bidco, LLC, Initial | 3M SOFR + 4.25% | 06/26/2031 | 2325717 | 2279202 |
| &nbsp;&nbsp;&nbsp;Eisner Advisory Group, LLC, February 2024 Incremental | 1M SOFR + 4.00% | 02/28/2031 | 1098246 | 1104430 |
| &nbsp;&nbsp;&nbsp;Omnia Partners, LLC, First Amendment Incremental | 3M SOFR + 5.00% | 05/31/2032 | 541500 | 540146 |
| &nbsp;&nbsp;&nbsp;Omnia Partners, LLC, Initial | 3M SOFR + 2.75% | 07/25/2030 | 2291220 | 2298185 |
| &nbsp;&nbsp;&nbsp;OPENLANE, Inc., 2025 Incremental | 3M SOFR + 2.50% | 10/08/2032 | 229652 | 229510 |
| &nbsp;&nbsp;&nbsp;Orion Midco Ltd., Initial | 3M SOFR + 3.50% | 10/08/2032 | 382789 | 384343 |
| &nbsp;&nbsp;&nbsp;OVG Business Services, LLC, Term B | 1M SOFR + 3.00% | 06/25/2031 | 1661058 | 1661058 |
| &nbsp;&nbsp;&nbsp;PEX Holdings LLC, Initial | 3M SOFR + 2.75% | 11/26/2031 | 517033 | 516816 |
| &nbsp;&nbsp;&nbsp;Pinnacle Buyer, LLC, Initial Term B | 3M SOFR + 2.50% | 10/01/2032 | 381595 | 382790 |
| &nbsp;&nbsp;&nbsp;Pye-Barker Fire & Safety, LLC, Closing Date TL | 3M SOFR + 2.50% | 12/16/2032 | 571533 | 574865 |
| &nbsp;&nbsp;&nbsp;Ryan, LLC, New Initial | 1M SOFR + 3.50% | 11/05/2032 | 2161017 | 2130395 |
| &nbsp;&nbsp;&nbsp;UST Global, Inc., Initial | 1M SOFR + 3.00% | 11/20/2028 | 325203 | 326016 |
| &nbsp;&nbsp;&nbsp;Vaco Holdings, LLC, Initial | 3M SOFR + 5.15% | 01/22/2029 | 1000249 | 812502 |
| &nbsp;&nbsp;&nbsp;Wood Mackenzie, TL | 3M SOFR + 3.00% | 02/07/2031 | 341237 | 343185 |
|  |  |  |  | 16463407 |
| ***Real Estate Management & Development - 0.31%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BIFM US Finance LLC, 2025 TL | 1M SOFR + 3.25% | 05/31/2028 | 516751 | 519764 |
| &nbsp;&nbsp;&nbsp;Brookfield Retail Holdings VII Sub 3 LLC, Initial Term B | 1M SOFR + 3.50% | 05/28/2030 | 751082 | 754214 |
|  |  |  |  | 1273978 |
| ***Road & Rail - 0.45%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;GN Loanco, LLC, Term B | 3M SOFR + 4.50% | 12/19/2030 | 1225472 | 1214442 |
| &nbsp;&nbsp;&nbsp;Odyssey Logistics & Technology, New TL | 1M SOFR + 4.50% | 10/12/2027 | 804389 | 608319 |
|  |  |  |  | 1822761 |
| ***Semiconductors & Semiconductor Equipment - 0.43%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Altera Corp., TL | 6M SOFR + 3.00% | 09/10/2032 | 1195723 | 1203328 |
| &nbsp;&nbsp;&nbsp;Coorstek, Inc., Initial Term B | 3M SOFR + 3.00% | 10/28/2032 | 218592 | 220096 |
| &nbsp;&nbsp;&nbsp;Viavi Solutions, TL | 3M SOFR + 2.50% | 10/16/2032 | 342840 | 344554 |
|  |  |  |  | 1767978 |
| ***Software - 7.65%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Bending Spoons S.p.A, Amendment No. 4 Dollar TL | 1M SOFR + 5.88% | 03/07/2031 | 246568 | 238554 |
| &nbsp;&nbsp;&nbsp;Central Parent, Inc., 2024 Refinancing | 3M SOFR + 3.25% | 07/06/2029 | 1561749 | 1319022 |
| &nbsp;&nbsp;&nbsp;Conservice Midco, LLC, Twelfth Amendment | 1M SOFR + 2.75% | 05/13/2030 | 1994376 | 1996250 |
| &nbsp;&nbsp;&nbsp;Cyberswift BV, TL | 3M SOFR + 4.00% | 10/08/2032 | 245613 | 244923 |
| &nbsp;&nbsp;&nbsp;Dayforce, Inc., TL | 1M SOFR + 3.00% | 08/20/2032 | 1500487 | 1495131 |
| &nbsp;&nbsp;&nbsp;Delta Topco, Inc., Fourth Amendment Refinancing | 1M SOFR + 2.75% | 11/30/2029 | 1373589 | 1365526 |
| &nbsp;&nbsp;&nbsp;Entrata, Inc., TL | 1M SOFR + 3.00% | 09/30/2032 | 57889 | 58178 |
| &nbsp;&nbsp;&nbsp;Flash Charm, Inc., Incremental TL | 3M SOFR + 3.50% | 03/02/2028 | 1568632 | 1458389 |
| &nbsp;&nbsp;&nbsp;Genesys Cloud Services, Inc., 2025 TL | 1M SOFR + 2.50% | 01/30/2032 | 1844960 | 1839204 |
| &nbsp;&nbsp;&nbsp;Icon Parent, Inc., 2025 TL | 3M SOFR + 2.75% | 11/13/2031 | 661944 | 662692 |
| &nbsp;&nbsp;&nbsp;Javelin Buyer, Inc., First Amendment | 3M SOFR + 2.75% | 12/05/2031 | 1551688 | 1555242 |
| &nbsp;&nbsp;&nbsp;Kaseya, Initial | 1M SOFR + 3.00% | 03/20/2032 | 1456047 | 1456251 |
| &nbsp;&nbsp;&nbsp;Magenta Buyer LLC, First Out | 3M SOFR + 7.01% | 07/27/2028 | 247945 | 186578 |
| &nbsp;&nbsp;&nbsp;Magenta Buyer LLC, Second Out | 3M SOFR + 7.26% | 07/27/2028 | 390433 | 166586 |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reference Rate & Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **SENIOR SECURED FIRST LIEN LOANS - 76.84%<sup>(b)</sup>** **(Continued)** |  |  |  |  |
| ***Software - 7.65% (continued)*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Magenta Buyer LLC, Super Priority | 3M SOFR + 6.25% | 07/27/2028 | $142199 | $141915 |
| &nbsp;&nbsp;&nbsp;McAfee Corp., Tranche B-2 | 1M SOFR + 3.00% | 03/01/2029 | 2743308 | 2522993 |
| &nbsp;&nbsp;&nbsp;Planview Parent, Inc., 2024-B Incremental | 3M SOFR + 3.50% | 12/17/2027 | 1074092 | 1027434 |
| &nbsp;&nbsp;&nbsp;Plusgrade, Inc., 2025 Replacement Initial | 1M SOFR + 3.50% | 03/03/2031 | 590696 | 590696 |
| &nbsp;&nbsp;&nbsp;Project Alpha Intermediate Holding, Inc., Second Amendment Refinancing | 3M SOFR + 3.25% | 10/26/2030 | 1140937 | 1138415 |
| &nbsp;&nbsp;&nbsp;Project Boost Purchaser, LLC, Initial | 3M SOFR + 2.75% | 07/16/2031 | 2967758 | 2973931 |
| &nbsp;&nbsp;&nbsp;Proofpoint, Inc., 2025-B Incremental | 3M SOFR + 3.00% | 08/31/2028 | 1348989 | 1354695 |
| &nbsp;&nbsp;&nbsp;RealPage, Inc., 2024-1 Incremental | 3M SOFR + 3.75% | 04/24/2028 | 1019595 | 1021828 |
| &nbsp;&nbsp;&nbsp;RealPage, Inc., Initial | 3M SOFR + 3.26% | 04/24/2028 | 1237080 | 1235447 |
| &nbsp;&nbsp;&nbsp;Skillsoft Finance II, Inc., Initial | 1M SOFR + 5.36% | 07/14/2028 | 345878 | 245141 |
| &nbsp;&nbsp;&nbsp;Solarwinds Holdings, Inc., Initial | 3M SOFR + 4.00% | 04/16/2032 | 1249751 | 1246627 |
| &nbsp;&nbsp;&nbsp;Sovos Compliance, LLC, Initial | 1M SOFR + 3.25% | 08/13/2029 | 747500 | 749197 |
| &nbsp;&nbsp;&nbsp;Storable, Inc., New Initial | 1M SOFR + 3.25% | 04/16/2031 | 746241 | 749039 |
| &nbsp;&nbsp;&nbsp;UKG, Inc., 2024 Refinancing | 3M SOFR + 2.50% | 02/10/2031 | 1011589 | 1011993 |
| &nbsp;&nbsp;&nbsp;WebMD Health Corp. and MH SUB I, LLC, 2023 | 1M SOFR + 4.25% | 05/03/2028 | 799073 | 741140 |
| &nbsp;&nbsp;&nbsp;Zodiac Purchaser, LLC, Term B | 1M SOFR + 3.50% | 02/14/2032 | 328812 | 327497 |
|  |  |  |  | 31120514 |
| ***Specialty Retail - 0.37%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Great Outdoors Group, LL, Term B-3 | 1M SOFR + 3.25% | 01/23/2032 | 462694 | 465007 |
| &nbsp;&nbsp;&nbsp;Harbor Freight Tools USA, Inc., Initial | 1M SOFR + 2.25% | 06/11/2031 | 249885 | 247209 |
| &nbsp;&nbsp;&nbsp;Restoration Hardware, Inc., 2022 Incremental B-2 | 1M SOFR + 3.35% | 10/20/2028 | 744231 | 738031 |
| &nbsp;&nbsp;&nbsp;Torrid LLC, Closing Date | 3M SOFR + 5.76% | 06/14/2028 | 163235 | 63843 |
|  |  |  |  | 1514090 |
| ***Textiles, Apparel & Luxury Goods - 0.95%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beach Acquisition Co. Parent, LLC, Tranche B-1 | 3M SOFR + 3.25% | 09/12/2032 | 704711 | 709560 |
| &nbsp;&nbsp;&nbsp;Champ Acquisition Corp., Initial | 1M SOFR + 4.00% | 11/25/2031 | 833765 | 836892 |
| &nbsp;&nbsp;&nbsp;Varsity Brands Holding Co, Inc., 2025-2 Replacement | 3M SOFR + 3.00% | 08/26/2031 | 2316653 | 2323903 |
|  |  |  |  | 3870355 |
| ***Transportation Infrastructure - 0.31%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;WWEX UNI TopCo Holdings, LLC, Repriced Initial TL | 3M SOFR + 4.00% | 07/26/2028 | 1263916 | 1268655 |
| ***Wireless Telecommunication Services - 0.87%*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;DIFL US LLC, Initial | 3M SOFR + 5.25% | 08/06/2032 | 2000000 | 1992860 |
| &nbsp;&nbsp;&nbsp;Sable Int'l Finance Ltd. and Coral-US-Co-Borrower LLC, Term B-7 | 3M SOFR + 3.25% | 01/31/2032 | 1560360 | 1529933 |
|  |  |  |  | 3522793 |
| **TOTAL SENIOR SECURED FIRST LIEN LOANS <br> (Cost $318,382,563)** |  |  |  | **312642744** |
|  |  |  | **Shares** | **Value** |
| **COMMON STOCKS - 0.09%<sup>(g)</sup>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Altice France Lux 3 |  |  | 10709 | 192868 |
| &nbsp;&nbsp;&nbsp;CEC Brands, LLC |  |  | 10454 | 141129 |
| &nbsp;&nbsp;&nbsp;Elevate Textiles, Inc. |  |  | 20088 | 51476 |
| &nbsp;&nbsp;&nbsp;Marine One Holdco, LLC |  |  | 5865 | 1466 |
| &nbsp;&nbsp;&nbsp;Needle Holdings LLC<sup>(e)</sup> |  |  | 119194 | – |
| **TOTAL COMMON STOCKS <br> (Cost $299,546)** |  |  |  | **386939** |
|  |  |  | **Shares** | **Value** |
| **MONEY MARKET FUNDS - 1.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Invesco Short Term Investments Trust Treasury Portfolio, Institutional Class, 3.64% (7-day yield) |  |  | 6001481 | 6001481 |
| **TOTAL MONEY MARKET FUNDS <br> (Cost $6,001,481)** |  |  |  | **6001481** |
| **TOTAL INVESTMENTS - 165.01%<br> (Cost $762,528,698)** |  |  |  | **671378171** |
| **Liabilities in Excess of Other Assets - 0.02%** |  |  |  | **86637** |

---

**XAI Octagon Floating Rate & Alternative Income Trust**

SCHEDULE OF INVESTMENTS

December 31, 2025 (Continued) (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **MONEY MARKET FUNDS - 1.48%(Continued)** |  |  |
| **Preferred Shares (Net of $4,311,443 Deferred Financing Costs) - (23.64)%** |  | **(96188557)** |
| **Leverage Facility (Net of $582,846 Deferred Leverage Costs) - (41.39)%** |  | **(168417154)** |
| **NET ASSETS - 100.00%** |  | $**406859097** |

---

*All securities held as of December 31, 2025 are pledged as collateral for the Trust's credit facility.* 

*<sup>(a)</sup>* *All or a portion of the security is exempt from registration of the Securities Act of 1933. These securities may be resold in transactions exempt from registration under Rule 144A, normally to qualified institutional buyers. As of December 31, 2025, these securities had an aggregate value of $348,283,013 or 85.60% of net assets.*

*<sup>(b)</sup>* *Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at December 31, 2025. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Leveraged loans and CLO debt securities typically have reference Rate Floors ("Rate Floors") embedded in their loan agreements and organizational documents. Leveraged loans generally have Rate Floors of 0% or more, while CLO debt securities often set Rate Floors at 0%. Rate Floors serve to establish a minimum base rate to be paid by the borrower before the fixed spread. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.*

*<sup>(c)</sup>* *CLO subordinated notes, income notes, Y notes and M notes are considered CLO equity positions. CLO equity positions are entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying securities less contractual payments to debt holders and fund expenses. The effective yield is estimated based upon the amount and timing of these recurring distributions in addition to the estimated amount of terminal principal payment. Effective yields for the CLO equity positions are updated generally once per quarter or on a transaction such as an add-on purchase, refinancing or reset. The estimated yield and investment cost may ultimately not be realized. Estimated yields shown are as of December 31, 2025.*

*<sup>(d)</sup>* *As of December 31, 2025, the Trust accrued a 0% yield on this investment.*

*<sup>(e)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 assets.*

*<sup>(f)</sup>* *This investment has an unfunded commitment as of December 31, 2025.*

*<sup>(g)</sup>* *Non-income producing security.*

Investment Abbreviations:

AB – Aktiebolag (Swedish: Limited Liability Company)

A/S - Aktieselskab (Danish: Joint Stock Company)

BV – Besloten Vennootschap (Dutch: Private Limited Company)

GmbH – Gesellschaft mit beschränkter Haftung (German: Limited Liability Company)

LLC – Limited Liability Company

LP – Limited Partnership

Ltd. – Limited

SA - Société Anonyme (French: Public Limited Company)

S.a.r.l - Société Anonyme a Responsabilite Limitee (French: Limited Liability Company)

SOFR – Secured Overnight Financing Rate

Reference Rates:

1M SOFR as of December 31, 2025 was 3.79%

3M SOFR as of December 31, 2025 was 4.01%

6M SOFR as of December 31, 2025 was 4.20%

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** XAI OCTAGON FLOATING RATE & ALTERNATIVE INCOME TRUST

- **b. Investment Company Act file number:** 811-23247

- **c. CIK number of Registrant:** 0001703079

- **d. LEI of Registrant:** 549300XT617P63BLW552

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

  - **Street Address 1:** 321 NORTH CLARK STREET #2430

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60654

  - **Telephone number:** 3123746930

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

- **a. Name of Series:** XAI Octagon Floating Rate & Alternative Income Trust

- **c. LEI of Series:** 549300XT617P63BLW552

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

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

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $689947443.56

**Total Liabilities:** $282914095.30

**Net Assets:** $407033348.26

**Delayed Delivery Securities:** $1429605.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

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

- **3-Month:** 6.50652871 | **1-Year:** 13589.66984428 | **5-Year:** 95153.85022237 | **10-Year:** 65890.59890144 | **30-Year:** 5693.97096962

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -5.28%               | -4.23%               | 4.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1013021.46             | $-7317478.84                               |
| Month 2  | $57685.66                | $-18749608.84                              |
| Month 3  | $-1396418.35             | $-4707492.52                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Clover CLO                                         | CLVR 2021-3A SUB                                   | CUSIP: 00142QAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $3300330.00   | 0.81%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALM Loan Funding                                   | ALM 2020-1A SUB                                    | CUSIP: 00166DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5000000 | PA      | $500.00       | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bowling Green Park CLO LLC                         | CLVR 2019-1A SUB                                   | CUSIP: 00871QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8339200 | PA      | $4579221.50   | 1.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Aimco                                              | AIMCO 2021-16A SUB                                 | CUSIP: 00901GAC8<br>LEI: 254900Q0PCRO7XC6LM21 | Long             | ABS-O            | CORP              | KY        |   1812000 | PA      | $1034652.00   | 0.25%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                   | ALTICE FR LX3/H1 SFRFP 6 7/8 07/15/32              | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    513657 | PA      | $491181.94    | 0.12%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2015-6A ER4                                  | CUSIP: 03328RBA6<br>LEI: 54930064GO7DB3TVDY21 | Long             | ABS-CBDO         | CORP              | KY        |   1765000 | PA      | $1754150.72   | 0.43%             | 2038-07-22      | Floating      | 10.42%                | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2015-7A SUBA                                 | CUSIP: 03328UAJ1<br>LEI: 54930014PVHLSZJQK139 | Long             | ABS-O            | CORP              | KY        |   1750000 | PA      | $451080.00    | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2018-1RA SUB                                 | CUSIP: 03329BAC7<br>LEI: 549300L8BI45FDIJHO17 | Long             | ABS-O            | CORP              | KY        |   4150000 | PA      | $28554.49     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2019-13A SUB                                 | CUSIP: 03329CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   7000000 | PA      | $2792370.00   | 0.69%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2020-15A ER2                                 | CUSIP: 03329GAJ1<br>LEI: 549300H5Q0HJ2EHSSX26 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2039427.60   | 0.50%             | 2038-07-20      | Floating      | 10.26%                | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2014-3RA SUB                                 | CUSIP: 03330BAC4<br>LEI: 549300V7DN3VJ8H1GE96 | Long             | ABS-O            | CORP              | KY        |   1400000 | PA      | $6118.00      | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2020-16A SUB                                 | CUSIP: 03330XAC6<br>LEI: 5493008M7D1YIDOH2C69 | Long             | ABS-O            | CORP              | KY        |   3305720 | PA      | $1368568.08   | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2021-21A ER                                  | CUSIP: 03331LAJ6<br>LEI: 54930063NKPB83QNUF90 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1939351.00   | 0.48%             | 2034-10-20      | Floating      | 10.13%                | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2021-20A SUB                                 | CUSIP: 03331QAE6<br>LEI: 549300AYL7KYENHY1C67 | Long             | ABS-O            | CORP              | KY        |   1750000 | PA      | $550007.50    | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                          | ANCHC 2021-20A ER                                  | CUSIP: 03331QAN6<br>LEI: 549300AYL7KYENHY1C67 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1421635.50   | 0.35%             | 2035-01-20      | Floating      | 10.88%                | Yes           |                  2 | On Loan: No      |
| Apidos CLO                                         | APID 2017-27A SUB                                  | CUSIP: 03766JAC0<br>LEI: 549300EW146C7Q4UV387 | Long             | ABS-O            | CORP              | KY        |   1300000 | PA      | $99333.00     | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Apidos CLO                                         | APID 2021-35A E                                    | CUSIP: 03768TAA0<br>LEI: 549300KJKTO0Q1OATW69 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001679.60   | 0.25%             | 2034-04-20      | Floating      | 9.90%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO                                         | APID 2024-48A SUB                                  | CUSIP: 03770XAE9<br>LEI: 25490046M6DC4604K633 | Long             | ABS-O            | CORP              | JE        |   9000000 | PA      | $5729130.00   | 1.41%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Apidos CLO                                         | APID 2024-49A SUB                                  | CUSIP: 03771CAE4<br>LEI: 254900GQACQ28T9VX243 | Long             | ABS-O            | CORP              | KY        |  10000000 | PA      | $6559800.00   | 1.61%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Apidos CLO                                         | APID 2023-45A ER                                   | CUSIP: 037977AG0<br>LEI: 5493000BLHDFQUOR8F12 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $503302.05    | 0.12%             | 2038-07-26      | Floating      | 9.01%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO                                         | APID 2024-1A ER                                    | CUSIP: 037985AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751429.65    | 0.18%             | 2038-10-25      | Floating      | 8.88%                 | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                                       | ARES 2016-41A SUB                                  | CUSIP: 04016KAC3<br>LEI: 549300X38KZ67Q2FQG11 | Long             | ABS-O            | CORP              | KY        |   2343500 | PA      | $530802.75    | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                                       | ARES 2017-44A SUB                                  | CUSIP: 04016NAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6288428 | PA      | $1191657.11   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                                       | ARES 2017-44A DRR                                  | CUSIP: 04016NBT9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $990306.20    | 0.24%             | 2034-04-15      | Floating      | 10.15%                | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                                       | ARES 2019-51A INC                                  | CUSIP: 04017LAA4<br>LEI: 5493003FNA8PT0CMDE92 | Long             | ABS-O            | CORP              | KY        |   1699959 | PA      | $514424.59    | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                                       | ARES 2020-58A SUB                                  | CUSIP: 04018CAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  12425000 | PA      | $4840158.75   | 1.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                                       | ARES 2021-59A SUB                                  | CUSIP: 04018GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3500000 | PA      | $1424150.00   | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                                       | ARES 2019-51A SUB                                  | CUSIP: 04019MAC6<br>LEI: 5493003FNA8PT0CMDE92 | Long             | ABS-O            | CORP              | KY        |   4378142 | PA      | $1324869.55   | 0.33%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                             | ASURION LLC/CO ASUCOR 8 12/31/32                   | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133000 | PA      | $138040.70    | 0.03%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock Ltd                                      | BALLY 2022-19A SUB                                 | CUSIP: 05876AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   4200000 | PA      | $1767066.00   | 0.43%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Babson CLO Ltd                                     | BABSN 2025-4A E                                    | CUSIP: 06764VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1601991.68   | 0.39%             | 2040-10-15      | Floating      | 8.97%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2017-12A SUB                                   | CUSIP: 08179JAB2<br>LEI: 549300CIOPBDYOSN3T91 | Long             | ABS-O            | CORP              | KY        |   4500000 | PA      | $3225195.00   | 0.79%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2023-32A ER                                    | CUSIP: 08181GAE8<br>LEI: 2549003NV71H6I4TDQ63 | Long             | ABS-CBDO         | CORP              | JE        |   2400000 | PA      | $2399853.36   | 0.59%             | 2038-10-25      | Floating      | 8.56%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2022-28A ER                                    | CUSIP: 08181RAE4<br>LEI: 549300VHDAICRAGZNJ35 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2016948.80   | 0.50%             | 2037-10-20      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2019-17A ER2                                   | CUSIP: 08182AAG5<br>LEI: 5493001ND55H5MJDIQ39 | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2111874.24   | 0.52%             | 2037-10-15      | Floating      | 10.05%                | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2015-6BR ER                                    | CUSIP: 08182EAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1288000 | PA      | $1277713.90   | 0.31%             | 2038-04-20      | Floating      | 8.63%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2022-27A SUB                                   | CUSIP: 08182QAE5<br>LEI: 254900WANE6M5S0NC534 | Long             | ABS-O            | CORP              | JE        |   2250000 | PA      | $2035957.50   | 0.50%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2022-29A ER                                    | CUSIP: 08186FAE5<br>LEI: 549300DICNUWMUKL3816 | Long             | ABS-CBDO         | CORP              | JE        |   1750000 | PA      | $1742415.68   | 0.43%             | 2038-01-25      | Floating      | 8.46%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2021-23A SUB                                   | CUSIP: 08186XAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5000000 | PA      | $2905000.00   | 0.71%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2021-23A ER                                    | CUSIP: 08186XAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1492566.90   | 0.37%             | 2034-04-25      | Floating      | 9.11%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2021-25A SUB                                   | CUSIP: 08187AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5250000 | PA      | $3465315.00   | 0.85%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2021-25A ER                                    | CUSIP: 08187AAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    480000 | PA      | $477634.66    | 0.12%             | 2035-01-15      | Floating      | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2024-36A SUB                                   | CUSIP: 081920AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2560000 | PA      | $1763456.00   | 0.43%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                     | BSP 2024-34A SUB                                   | CUSIP: 081923AC8<br>LEI: 25490002NPB1AZIR3342 | Long             | ABS-O            | CORP              | KY        |   4700000 | PA      | $3226550.00   | 0.79%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CBAMR Ltd                                          | CBAM 2018-8A E2R                                   | CUSIP: 12478FAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1012596.90   | 0.25%             | 2037-07-15      | Floating      | 10.27%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2020-2A INC                                   | CUSIP: 12547KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $488100.00    | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2018-1A SUB                                   | CUSIP: 12547WAC8<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-O            | CORP              | KY        |  10250000 | PA      | $3157717.50   | 0.78%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2017-3A SUB                                   | CUSIP: 12548KAC3<br>LEI: 254900S2BZHNDNVF2L25 | Long             | ABS-O            | CORP              | KY        |   1400000 | PA      | $389424.00    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2017-5A SUB                                   | CUSIP: 12551NAC1<br>LEI: 635400BTAKRBKGRV3X14 | Long             | ABS-O            | CORP              | KY        |   6500000 | PA      | $1947790.00   | 0.48%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2018-5A SUB                                   | CUSIP: 12551XAC9<br>LEI: 2549007CW2XYI54L0R94 | Long             | ABS-O            | CORP              | KY        |   5298000 | PA      | $2083332.54   | 0.51%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2018-3A SUB                                   | CUSIP: 12552BAE2<br>LEI: 635400OB7ZCBUWDQNV87 | Long             | ABS-O            | CORP              | KY        |   6815000 | PA      | $1147577.85   | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2019-2A ERR                                   | CUSIP: 12554FAJ0<br>LEI: 254900JI8OLAMXS6KW67 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501801.50   | 0.37%             | 2038-10-17      | Floating      | 8.99%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2019-3A SUB                                   | CUSIP: 12554UAC2<br>LEI: 254900SVOWCOSOG16T40 | Long             | ABS-O            | CORP              | KY        |    840000 | PA      | $565202.40    | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2019-3A ER2                                   | CUSIP: 12554UAG3<br>LEI: 254900SVOWCOSOG16T40 | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2757753.08   | 0.68%             | 2038-01-16      | Floating      | 8.89%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2019-5A INC                                   | CUSIP: 12554YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2500000 | PA      | $1512575.00   | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2019-5A SUB                                   | CUSIP: 12555GAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1938438 | PA      | $1172813.14   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2019-5A ER2                                   | CUSIP: 12555GAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001325.60   | 0.25%             | 2038-10-15      | Floating      | 8.99%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2019-6A ER                                    | CUSIP: 12556CAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $696674.44    | 0.17%             | 2037-07-16      | Floating      | 10.14%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2020-3A SUB                                   | CUSIP: 12560GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    203350 | PA      | $130383.95    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2021-5A SUB                                   | CUSIP: 12565HAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  10086431 | PA      | $5514554.42   | 1.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2021-2A SUB                                   | CUSIP: 12565TAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   7705900 | PA      | $3777355.12   | 0.93%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2021-7A SUB                                   | CUSIP: 12567KAC9<br>LEI: 54930089HD7KU5NUS092 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $640200.00    | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2022-4A INC                                   | CUSIP: 12567YAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2500000 | PA      | $1628000.00   | 0.40%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2022-1A E                                     | CUSIP: 12570BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001755.60   | 0.49%             | 2035-04-17      | Floating      | 10.28%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2022-3A E                                     | CUSIP: 12571HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $850327.42    | 0.21%             | 2035-04-21      | Floating      | 11.14%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2025-6A E                                     | CUSIP: 12576EAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1249149.88   | 0.31%             | 2038-10-23      | Floating      | 8.61%                 | Yes           |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                             | CANYC 2020-2A ER2                                  | CUSIP: 13876QAG1<br>LEI: 2549001ZLWJBJYTM8I33 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1456069.20   | 0.36%             | 2034-10-15      | Floating      | 9.65%                 | Yes           |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                             | CANYC 2025-2A E                                    | CUSIP: 13877HAA3<br>LEI: 2549001KZI4SL4Y7BH27 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004261.60   | 0.49%             | 2038-10-15      | Floating      | 9.34%                 | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2022-2A SUB                                   | CUSIP: 143113AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4391000 | PA      | $2041244.17   | 0.50%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2021-2A SUB                                   | CUSIP: 14316PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2530000 | PA      | $1465021.80   | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2021-4A SUB                                   | CUSIP: 14316UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $526960.00    | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2019-4A SUBA                                  | CUSIP: 14317WAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8740000 | PA      | $4252010.00   | 1.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2019-4A DR                                    | CUSIP: 14317WAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $744625.73    | 0.18%             | 2035-04-15      | Floating      | 10.50%                | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2021-5A SUB                                   | CUSIP: 14318AAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $1888040.00   | 0.46%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2021-10A SUB                                  | CUSIP: 14318EAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3750000 | PA      | $1453200.00   | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2023-2A SUB                                   | CUSIP: 14318HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4534341 | PA      | $3090561.48   | 0.76%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2023-2A ER                                    | CUSIP: 14318HAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2012201.00   | 0.49%             | 2038-07-20      | Floating      | 9.63%                 | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | CGMS 2025-2A E                                     | CUSIP: 14320DAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    845000 | PA      | $867210.66    | 0.21%             | 2038-07-25      | Floating      | 11.05%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC 2018-2A SUB                                   | CUSIP: 17180YAC5<br>LEI: 635400A7PBKNR7KBOY58 | Long             | ABS-O            | CORP              | KY        |   2500000 | PA      | $891500.00    | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Clover CLO                                         | CLVR 2021-3A ER                                    | CUSIP: 18915FAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1991742.00   | 0.49%             | 2035-01-25      | Floating      | 8.76%                 | Yes           |                  2 | On Loan: No      |
| Diameter Capital CLO                               | DCLO 2023-5A DR                                    | CUSIP: 25255TAG0<br>LEI: 254900DQ6NEBLANVO137 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1499945.70   | 0.37%             | 2039-01-15      | Floating      | 8.72%                 | Yes           |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                           | DIG INTL/DIFL US DIGDIF 8 5/8 08/01/32             | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | JM        |    404000 | PA      | $419422.95    | 0.10%             | 2032-08-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                            | DRSLF 2021-87A SUB                                 | CUSIP: 26246HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2831400 | PA      | $934645.14    | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                            | DRSLF 2021-87A ER                                  | CUSIP: 26246HAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996443.40    | 0.24%             | 2038-08-20      | Floating      | 10.24%                | Yes           |                  2 | On Loan: No      |
| Elmwood CLO 25 Ltd                                 | ELM25 2024-1A E                                    | CUSIP: 29001CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999545.20   | 0.49%             | 2037-04-17      | Floating      | 9.13%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO I Ltd.                                 | ELMW1 2019-1A SUB                                  | CUSIP: 29001QAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6000000 | PA      | $2797440.00   | 0.69%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Elmwood CLO VII Ltd.                               | ELMW7 2020-4A SUB                                  | CUSIP: 29002RAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8350000 | PA      | $2656719.50   | 0.65%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Elmwood CLO 46 Ltd                                 | ELM46 2025-9A E                                    | CUSIP: 29005HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999699.80   | 0.49%             | 2039-01-17      | Floating      | 8.68%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                             | FERTITTA ENT LLC FRTITA 6 3/4 01/15/30             | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    328000 | PA      | $310926.57    | 0.08%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                     | GALXY 2024-33A SUB                                 | CUSIP: 36321FAC6<br>LEI: 3912004FNLYTWOWSZU31 | Long             | ABS-O            | CORP              | KY        |   2000000 | PA      | $1121820.00   | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Garnet CLO Ltd                                     | GARNET 2025-2A E                                   | CUSIP: 36626EAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    730000 | PA      | $732195.99    | 0.18%             | 2038-10-20      | Floating      | 9.33%                 | Yes           |                  2 | On Loan: No      |
| Garnet CLO Ltd                                     | GARNET 2025-3A E                                   | CUSIP: 36626UAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503401.40   | 0.37%             | 2038-10-20      | Floating      | 8.87%                 | Yes           |                  2 | On Loan: No      |
| Needle Exit TL                                     | Needle Exit TL                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    119194 | PA      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kennedy Lewis CLO Ltd                              | GNRT 2023-12A SUB                                  | CUSIP: 37147WAC9<br>LEI: 549300OPJWALMOKFT505 | Long             | ABS-O            | CORP              | KY        |   8000000 | PA      | $4326880.00   | 1.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Kennedy Lewis CLO Ltd                              | GNRT 2024-14A SUB                                  | CUSIP: 37149TAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8000000 | PA      | $3514080.00   | 0.86%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GoldenTree Loan Management US                      | GLM 2022-12A ER                                    | CUSIP: 38138YAG5<br>LEI: 549300KUSTD1I13BZ897 | Long             | ABS-CBDO         | CORP              | JE        |   1200000 | PA      | $1198451.28   | 0.29%             | 2037-07-20      | Floating      | 9.58%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LT                     | GCBSL 2025-84A E                                   | CUSIP: 38182LAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1499646.75   | 0.37%             | 2039-01-20      | Floating      | 8.61%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LT                     | GCBSL 2024-74A E                                   | CUSIP: 38190CAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $759489.68    | 0.19%             | 2037-07-25      | Floating      | 9.96%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                                     | GRAY MEDIA GTN 5 3/8 11/15/31                      | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    750000 | PA      | $562545.38    | 0.14%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                                     | GRAY MEDIA GTN 7 1/4 08/15/33                      | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    722000 | PA      | $736650.64    | 0.18%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Harmony-Peace Park CLO                             | HPPK 2024-1A SUB                                   | CUSIP: 412914AC7<br>LEI: 2138009L3HEW9A8LDJ44 | Long             | ABS-O            | CORP              | JE        |   5275000 | PA      | $3574867.50   | 0.88%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                 | HERENS HOLDCO S LNZING 4 3/4 05/15/28              | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    444000 | PA      | $382284.00    | 0.09%             | 2028-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                           | HILTON GRAND VAC HGVLLC 5 06/01/29                 | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    529000 | PA      | $514055.75    | 0.13%             | 2029-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Rad CLO Ltd                                        | RAD 2021-10A E                                     | CUSIP: 48662MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1960105.40   | 0.48%             | 2034-04-23      | Floating      | 9.97%                 | Yes           |                  2 | On Loan: No      |
| Rad CLO Ltd                                        | RAD 2021-11A E                                     | CUSIP: 48662PAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1269269.04   | 0.31%             | 2034-04-15      | Floating      | 10.42%                | Yes           |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                              | KKR 2024-60A E                                     | CUSIP: 49835NAA5<br>LEI: 254900MVMXSUCJ0ZEV03 | Long             | ABS-CBDO         | CORP              | KY        |   1325000 | PA      | $1354736.18   | 0.33%             | 2038-01-15      | Floating      | 10.00%                | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | MDPK 2022-60A ER                                   | CUSIP: 557911AE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1179269.63   | 0.29%             | 2037-10-25      | Floating      | 10.36%                | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | MDPK 2019-37A SUB                                  | CUSIP: 55817FAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4648815 | PA      | $1765759.40   | 0.43%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | MDPK 2019-37A ER2                                  | CUSIP: 55817FAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $731259.23    | 0.18%             | 2037-04-15      | Floating      | 10.50%                | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | MDPK 2016-20A SUB                                  | CUSIP: 55819UAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1740000 | PA      | $248124.00    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | MDPK 2016-20A SUBR                                 | CUSIP: 55819UAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2172000 | PA      | $332337.72    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | MDPK 2018-29A SUB                                  | CUSIP: 55820EAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4330700 | PA      | $1307005.26   | 0.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | MDPK 2018-28A SUB                                  | CUSIP: 55821BAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5949336 | PA      | $1808955.10   | 0.44%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | MDPK 2021-39A E                                    | CUSIP: 55821NAA8<br>LEI: 254900K0MU6TXERK4I83 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1417279.95   | 0.35%             | 2034-10-22      | Floating      | 10.37%                | Yes           |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                  | MAGNE 2019-24A ER                                  | CUSIP: 55954XAE7<br>LEI: 549300P6T1S83Z2MDF55 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500716.95    | 0.12%             | 2035-04-15      | Floating      | 10.30%                | Yes           |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                           | MAJORDRIVE HOLDI CLUCAR 6 3/8 06/01/29             | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    545000 | PA      | $394130.01    | 0.10%             | 2029-06-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2024-55A SUB                                  | CUSIP: 640982AE4<br>LEI: 254900P6M7LX99MHDX34 | Long             | ABS-O            | CORP              | JE        |   4600000 | PA      | $2826372.48   | 0.69%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2025-61A E                                    | CUSIP: 640985AA5<br>LEI: 2549006I8TDEPS26X974 | Long             | ABS-CBDO         | CORP              | KY        |    720000 | PA      | $723236.54    | 0.18%             | 2039-07-17      | Floating      | 8.99%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2016-21A SUB                                  | CUSIP: 64130YAE4<br>LEI: 549300VBBLOSKH8XQ869 | Long             | ABS-O            | CORP              | KY        |   4425109 | PA      | $2566563.22   | 0.63%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2018-27A ER                                   | CUSIP: 64131UAL5<br>LEI: 549300IWMW28G8CR9G28 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005887.80   | 0.49%             | 2038-07-15      | Floating      | 10.65%                | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2021-41A ER                                   | CUSIP: 64134CAL2<br>LEI: 549300RYH1PYRU661D66 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1236725.25   | 0.30%             | 2034-04-15      | Floating      | 9.65%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2021-40A ER                                   | CUSIP: 64134KAL4<br>LEI: 549300Y2YE54ON4DJE28 | Long             | ABS-CBDO         | CORP              | KY        |   2170000 | PA      | $2182543.03   | 0.54%             | 2037-10-16      | Floating      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2022-47A SUB                                  | CUSIP: 64134TAC5<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-O            | CORP              | KY        |  15000000 | PA      | $7795200.00   | 1.92%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2022-50A SUB                                  | CUSIP: 64134WAC8<br>LEI: 549300UMYON6L2REF246 | Long             | ABS-O            | CORP              | JE        |   6500000 | PA      | $3457090.00   | 0.85%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2023-53A SUB                                  | CUSIP: 64135LAC1<br>LEI: 254900R37Z1EGG1Y1P54 | Long             | ABS-O            | CORP              | JE        |   7325000 | PA      | $5211224.75   | 1.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2024-54A SUB                                  | CUSIP: 64135RAC8<br>LEI: 2549008MU2CMQ0UY7J70 | Long             | ABS-O            | CORP              | JE        |   3465000 | PA      | $2151522.45   | 0.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2024-57A E                                    | CUSIP: 64135YAA7<br>LEI: 2549000I5N6JRKAGRP48 | Long             | ABS-CBDO         | CORP              | KY        |   1875000 | PA      | $1893788.81   | 0.47%             | 2038-10-24      | Floating      | 9.37%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | NEUB 2019-32RA E                                   | CUSIP: 64136FAA7<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1512480.60   | 0.37%             | 2039-07-20      | Floating      | 9.48%                 | Yes           |                  2 | On Loan: No      |
| Niagara Park CLO, Ltd.                             | NIAPK 2019-1A SUB                                  | CUSIP: 65357KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2648000 | PA      | $1361204.40   | 0.33%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Niagara Park CLO, Ltd.                             | NIAPK 2019-1A G                                    | CUSIP: 65357KAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    225000 | PA      | $218310.75    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nyack Park CLO, Ltd.                               | NYKPK 2021-1A SUB                                  | CUSIP: 67080QAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1358700 | PA      | $574730.10    | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                        | OCP 2020-8RA SUB                                   | CUSIP: 670899AC7<br>LEI: 254900K70GBA8CMARX66 | Long             | ABS-O            | CORP              | KY        |   5390000 | PA      | $1740970.00   | 0.43%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Oak Hill Credit Partners                           | OAKC 2016-13A SUB                                  | CUSIP: 67090VAB7<br>LEI: 549300EX32IF3NZCVL73 | Long             | ABS-O            | CORP              | KY        |   1600000 | PA      | $876336.00    | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Oak Hill Credit Partners                           | OAKC 2014-10RA SUB                                 | CUSIP: 67106KAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   9091692 | PA      | $3523030.65   | 0.87%             |  |  |  | Yes           |                  2 | On Loan: No      |
| OHA Credit Partners Ltd                            | OAKC 2015-11A SUB                                  | CUSIP: 67109HAE1<br>LEI: 549300OYGEU6QQMCEG78 | Long             | ABS-O            | CORP              | KY        |   4003000 | PA      | $1880809.55   | 0.46%             |  |  |  | Yes           |                  2 | On Loan: No      |
| OHA Credit Partners Ltd                            | OAKC 2015-12A SUB                                  | CUSIP: 67110BAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  13537295 | PA      | $5876133.64   | 1.44%             |  |  |  | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                        | OCP 2018-15A SUB                                   | CUSIP: 67112QAB2<br>LEI: 254900WK4JKXAXOKTL68 | Long             | ABS-O            | CORP              | KY        |   6000000 | PA      | $2292660.00   | 0.56%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Oak Hill Credit Partners                           | OAKC 2020-5A ER                                    | CUSIP: 67113NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000428.40   | 0.25%             | 2037-10-18      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| Oak Hill Credit Partners                           | OAKC 2021-9A ER                                    | CUSIP: 67114DAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007463.90   | 0.25%             | 2037-10-19      | Floating      | 9.38%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                        | OCP 2022-24A SUB                                   | CUSIP: 67119NAC0<br>LEI: 254900KJTZSIMELS6Y52 | Long             | ABS-O            | CORP              | JE        |   7445299 | PA      | $3939307.70   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                        | OCP 2024-36A SUB                                   | CUSIP: 67119VAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   4000000 | PA      | $2623320.00   | 0.64%             |  |  |  | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                        | OCP 2024-38A SUB                                   | CUSIP: 67120JAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5000000 | PA      | $3374950.00   | 0.83%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                    | OAKCL 2023-1A ER                                   | CUSIP: 67389EAE9<br>LEI: 254900WZ1Z6PQ6U3P013 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $513707.35    | 0.13%             | 2038-04-15      | Floating      | 11.40%                | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                    | OAKCL 2019-3A SUB                                  | CUSIP: 67400GAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $1950000.00   | 0.48%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                    | OAKCL 2019-3A ER2                                  | CUSIP: 67400GAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $761469.00    | 0.19%             | 2038-01-20      | Floating      | 10.63%                | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                    | OAKCL 2022-3A SUB                                  | CUSIP: 67401WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  13250000 | PA      | $6739480.00   | 1.66%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                    | OAKCL 2022-3A ER                                   | CUSIP: 67401WAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002109.40   | 0.49%             | 2037-10-15      | Floating      | 10.40%                | Yes           |                  2 | On Loan: No      |
| Oak Hill Credit Partners                           | OAKC 2019-2A ER2                                   | CUSIP: 67707FAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001778.40   | 0.25%             | 2038-01-21      | Floating      | 8.67%                 | Yes           |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                              | PLMRS 2024-2A SUB                                  | CUSIP: 69703MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $2644080.00   | 0.65%             |  |  |  | Yes           |                  2 | On Loan: No      |
| RR Ltd                                             | RRAM 2021-19A SUB                                  | CUSIP: 74983BAC5<br>LEI: 549300RJ4N2AJDFNE876 | Long             | ABS-O            | CORP              | KY        |   7858000 | PA      | $5623813.44   | 1.38%             |  |  |  | Yes           |                  2 | On Loan: No      |
| RR Ltd                                             | RRAM 2021-19A DR                                   | CUSIP: 74983BAJ0<br>LEI: 549300RJ4N2AJDFNE876 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500739.70    | 0.12%             | 2040-04-15      | Floating      | 8.60%                 | Yes           |                  2 | On Loan: No      |
| RR Ltd                                             | RRAM 2023-25A SUB                                  | CUSIP: 75000LAE5<br>LEI: 254900FV8ZM4T7O1K491 | Long             | ABS-O            | CORP              | BM        |   9780000 | PA      | $5555235.60   | 1.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Rad CLO 12 Ltd                                     | RAD 2021-12A SUB                                   | CUSIP: 75009QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6000000 | PA      | $2619000.00   | 0.64%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Regatta XVIII Funding Ltd                          | REG18 2021-1A SUB                                  | CUSIP: 75884HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   7175322 | PA      | $3725785.95   | 0.92%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Regatta XIX Funding Ltd                            | REG19 2022-1A SUB                                  | CUSIP: 75888CAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  12102000 | PA      | $6962155.94   | 1.71%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Regatta XIX Funding Ltd                            | REG19 2022-1A ER                                   | CUSIP: 75888CAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $744611.48    | 0.18%             | 2038-10-20      | Floating      | 9.13%                 | Yes           |                  2 | On Loan: No      |
| Regatta XII Funding Ltd.                           | REG12 2019-1A ERR                                  | CUSIP: 75888LAQ5<br>LEI: 2549001ZYXDVCT6R4I31 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1495276.50   | 0.37%             | 2037-10-15      | Floating      | 10.80%                | Yes           |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd.                           | REG16 2019-2A ER                                   | CUSIP: 75888QAL5<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1402777.32   | 0.34%             | 2033-01-15      | Floating      | 11.00%                | Yes           |                  2 | On Loan: No      |
| Regatta XXIV Funding Ltd.                          | REG24 2021-5A SUB                                  | CUSIP: 75889TAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5000000 | PA      | $2350400.00   | 0.58%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Regatta XXIV Funding Ltd.                          | REG24 2021-5A ER                                   | CUSIP: 75889TAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $984423.00    | 0.24%             | 2038-01-20      | Floating      | 9.03%                 | Yes           |                  2 | On Loan: No      |
| Regatta 33 Funding Ltd.                            | REG33 2025-2A E                                    | CUSIP: 75890CAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    770000 | PA      | $786743.34    | 0.19%             | 2038-07-25      | Floating      | 10.95%                | Yes           |                  2 | On Loan: No      |
| Regatta XXIX Funding Ltd.                          | REG29 2024-3A E                                    | CUSIP: 758972AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $378308.21    | 0.09%             | 2037-09-06      | Floating      | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Regatta XXVII Funding Ltd.                         | REG27 2024-1A SUB                                  | CUSIP: 758973AC5<br>LEI: 213800A3LAH3GG226R43 | Long             | ABS-O            | CORP              | JE        |   6000000 | PA      | $3441240.00   | 0.85%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Regatta 34 Funding Ltd.                            | REG34 2025-3A E                                    | CUSIP: 75904CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2054502.40   | 0.50%             | 2038-07-20      | Floating      | 10.62%                | Yes           |                  2 | On Loan: No      |
| Rockland Park CLO Ltd                              | ROCKP 2021-1A SUB                                  | CUSIP: 77366PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  13785821 | PA      | $5574434.58   | 1.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Rockland Park CLO Ltd                              | ROCKP 2021-1A M1                                   | CUSIP: 77366PAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  13785821 | PA      | $73395.71     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockland Park CLO Ltd                              | ROCKP 2021-1A M2                                   | CUSIP: 77366PAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  13785821 | PA      | $168837.71    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SCRIPPS ESCROW II INC                              | SCRIPPS ESCROW SSP 5 3/8 01/15/31                  | CUSIP: 81105DAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $565285.00    | 0.14%             | 2031-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                           | SEAWORLD PARKS SEAS 5 1/4 08/15/29                 | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    600000 | PA      | $583233.74    | 0.14%             | 2029-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Shackleton CLO LTD                                 | SHACK 2019-14A ERR                                 | CUSIP: 81880YAJ9<br>LEI: 549300HOHPZON6E4VH77 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $983146.60    | 0.24%             | 2034-07-20      | Floating      | 9.78%                 | Yes           |                  2 | On Loan: No      |
| Invesco Treasury Portfolio                         | INVESCO TREASURY PORTFOLIO INSTITUTIONAL CLASS     | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   7329469 | NS      | $7329469.37   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                         | SIXST 2024-24A SUB                                 | CUSIP: 83011UAC0<br>LEI: 254900750L60VUYV0C32 | Long             | ABS-O            | CORP              | JE        |   7500000 | PA      | $5015775.00   | 1.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                         | SIXST 2024-25A SUB                                 | CUSIP: 83011WAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   7000000 | PA      | $4653390.00   | 1.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sixth Street CLO XVI, Ltd.                         | SIXST 2020-16A SUB                                 | CUSIP: 83012EAB7<br>LEI: 549300YD05LZSDNMVF16 | Long             | ABS-O            | CORP              | KY        |   8000000 | PA      | $4374400.00   | 1.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                         | SIXST 2021-17A SUB                                 | CUSIP: 83012GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1100000 | PA      | $685685.00    | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sound Point CLO LTD                                | SNDPT 2017-4A D                                    | CUSIP: 83608DAA1<br>LEI: 549300G09B8CGBRMLL31 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $312000.00    | 0.08%             | 2031-01-21      | Floating      | 9.65%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO Ltd                                   | SYMP 2019-21A ER                                   | CUSIP: 87167CAW9<br>LEI: 5493005CJY0RF4FJJP54 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $911452.10    | 0.22%             | 2032-07-15      | Floating      | 10.77%                | Yes           |                  2 | On Loan: No      |
| TICP 2020-15A SUB                                  | TICP 2020-15A SUB                                  | CUSIP: 87250TAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  21000000 | PA      | $10188150.00  | 2.50%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Wind River CLO Ltd                                 | WINDR 2018-3A SUB                                  | CUSIP: 88432XAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3000000 | PA      | $153180.00    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Wind River CLO Ltd                                 | WINDR 2018-2A SUB                                  | CUSIP: 88433LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3031000 | PA      | $58649.85     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Thompson Park CLO, LTD                             | TPRK 2021-1A SUB                                   | CUSIP: 884886AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $2020000.00   | 0.50%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Trestles CLO LTD                                   | TREST 2021-4A ER                                   | CUSIP: 89533AAE6<br>LEI: 254900EO5I6CR0IOWS98 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1508013.00   | 0.37%             | 2038-10-30      | Floating      | 9.04%                 | Yes           |                  2 | On Loan: No      |
| COHERENT CORP                                      | II-VI INC COHR 5 12/15/29                          | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    146000 | PA      | $145569.79    | 0.04%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Unity-Peace Park CLO, Ltd.                         | UNPPK 2022-1A SUB                                  | CUSIP: 913319AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   4000000 | PA      | $1492400.00   | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Wind River CLO Ltd                                 | WINDR 2017-1A ER                                   | CUSIP: 97315XAA1<br>LEI: 254900W8N6WOFX1LSH24 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1474453.80   | 0.36%             | 2036-04-18      | Floating      | 11.21%                | Yes           |                  2 | On Loan: No      |
| Kennedy Lewis CLO Ltd                              | GNRT 3A SUB                                        | CUSIP: 98625VAC4<br>LEI: 549300TKWX739FHPEQ97 | Long             | ABS-O            | CORP              | KY        |   7008000 | PA      | $2164701.12   | 0.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GAINWELL ACQUISITION COR                           | MILANO ACQUISITION CORP. TLB                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    941140 | PA      | $923022.94    | 0.23%             | 2027-10-01      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| TRUGREEN LP                                        | TRUGREEN LIMITED PARTNERSHIP TL                    | CUSIP: 89787RAH5<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |    174561 | PA      | $170677.09    | 0.04%             | 2027-11-02      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| TRUGREEN LP                                        | TRUGREEN LIMITED PARTNERSHIP TL                    | CUSIP: 89787RAK8<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |    125392 | PA      | $115596.24    | 0.03%             | 2028-11-02      | Floating      | 12.60%                | No            |                  2 | On Loan: No      |
| PERMIAN PRODUCTION 11/20 - EQUITY                  | PERMIAN PRODUCTION 11/20 - EQUITY                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     18995 | NS      | $0.19         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHUCK E CHEESE 12/20 - EQUITY                      | CHUCK E CHEESE 12/20 - EQUITY                      | CUSIP: 12515M112<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10454 | NS      | $141129.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tectum Holdings/Truck Hero 1/21 Cov-Lite TLB       | Tectum Holdings/Truck Hero 1/21 Cov-Lite TLB       | CUSIP: 89778PAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    389565 | PA      | $297717.38    | 0.07%             | 2028-01-31      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| RVR DEALERSHIP HOLDINGS                            | RV Retailer, LLC TLB                               | CUSIP: 75001CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    487190 | PA      | $468379.99    | 0.12%             | 2028-02-08      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| Tricorbraun 3/21 Cov-Lite TL                       | Tricorbraun 3/21 Cov-Lite TL                       | CUSIP: 00184NAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1598123 | PA      | $1543195.05   | 0.38%             | 2031-03-03      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                 | Schweitzer-Mauduit International, Inc. TLB         | CUSIP: 80854EAH1<br>LEI: 549300Z1FU4IDULG1R21 | Long             | LON              | CORP              | US        |    155960 | PA      | $154399.94    | 0.04%             | 2028-04-20      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| CONSTANT CONTACT INC                               | Constant Contact 2/21                              | CUSIP: 21031HAC5<br>LEI: 2549000JW50H0AI5B946 | Long             | LON              | CORP              | US        |   1627503 | PA      | $1547576.78   | 0.38%             | 2028-02-10      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| INFINITE BIDCO LLC                                 | INFINITE BIDCO LLC TL                              | CUSIP: 45674KAB1<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |    498832 | PA      | $491763.06    | 0.12%             | 2028-03-02      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| INFINITE BIDCO LLC                                 | INFINITE BIDCO LLC TL                              | CUSIP: 45674KAF2<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |     69869 | PA      | $66070.22     | 0.02%             | 2029-03-02      | Floating      | 11.10%                | No            |                  2 | On Loan: No      |
| RealPage 2/21 Cov-Lite TL                          | RealPage 2/21 Cov-Lite TL                          | CUSIP: 75605VAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1237080 | PA      | $1235447.17   | 0.30%             | 2028-04-24      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| CCRR Parent/Trustaff 3/21 Cov-Lite TLB             | CCRR Parent/Trustaff 3/21 Cov-Lite TLB             | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1117471 | PA      | $298923.52    | 0.07%             | 2028-03-06      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| Ancestry.com 2/21 Cov-Lite TLB                     | Ancestry.com 2/21 Cov-Lite TLB                     | CUSIP: 03952HAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1485021 | PA      | $1487070.27   | 0.37%             | 2027-12-06      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| SPIN HOLDCO INC                                    | SPIN HOLDCO INC. TL                                | CUSIP: 84850XAK8<br>LEI: 549300QAS44U2GUXGK45 | Long             | LON              | CORP              | US        |   2111943 | PA      | $1623556.49   | 0.40%             | 2028-03-04      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| BW Gas/Allsup/Yesway 4/21 Cov-Lite TLB             | BW Gas/Allsup/Yesway 4/21 Cov-Lite TLB             | CUSIP: 05604YAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    528779 | PA      | $527017.75    | 0.13%             | 2028-03-31      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                               | Cornerstone Building Brands, Inc. TLB              | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |   1345221 | PA      | $1048599.77   | 0.26%             | 2028-04-12      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| LCPR LOAN FINANCING LLC                            | LCPR Loan Financing LLC, TLB                       | CUSIP: 50183CAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    558979 | PA      | $361681.75    | 0.09%             | 2028-10-16      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                      | CoreLogic, Inc., TL                                | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   1079120 | PA      | $1078731.35   | 0.27%             | 2028-06-02      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Gogo 4/21 TLB                                      | Gogo 4/21 TLB                                      | CUSIP: 38046JAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    602467 | PA      | $546311.42    | 0.13%             | 2028-04-30      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| HERENS US HOLDCO CORP                              | LONZA GROUP AG, TLB                                | CUSIP: L4780EAC8<br>LEI: 549300Y0CIXN5D40L888 | Long             | LON              | CORP              | US        |   1380438 | PA      | $1204901.12   | 0.30%             | 2028-07-03      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                           | MAJORDRIVE HOLDINGS IV, LLC TLB                    | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |    244516 | PA      | $221287.23    | 0.05%             | 2028-06-01      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| TORRID LLC                                         | TORRID LLC, TLB                                    | CUSIP: 89142DAB9<br>LEI: 254900PHLV1YJ5P5SQ69 | Long             | LON              | CORP              | US        |    163235 | PA      | $63842.87     | 0.02%             | 2028-06-14      | Floating      | 9.72%                 | No            |                  2 | On Loan: No      |
| Osmose Utilities 6/21 Cov-Lite TL                  | Osmose Utilities 6/21 Cov-Lite TL                  | CUSIP: 68835HAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    787283 | PA      | $772033.06    | 0.19%             | 2028-06-23      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Hertz 6/21 TLB                                     | Hertz 6/21 TLB                                     | CUSIP: 42804VBB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    831096 | PA      | $696300.26    | 0.17%             | 2028-06-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Hertz 6/21 TLC                                     | Hertz 6/21 TLC                                     | CUSIP: 42804VBC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    164010 | PA      | $137409.23    | 0.03%             | 2028-06-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| TGP Holdings III (Traeger Grills) T/L (6/21)       | TGP Holdings III (Traeger Grills) T/L (6/21)       | CUSIP: 87251RAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    499768 | PA      | $464614.02    | 0.11%             | 2028-06-29      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| SKILLSOFT FINANCE II INC                           | SkillSoft Corporation TLB                          | CUSIP: 83066YAB8<br>LEI: 549300LDUD35NU8F0G43 | Long             | LON              | CORP              | US        |    345878 | PA      | $245141.00    | 0.06%             | 2028-07-14      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| RLG HOLDINGS LLC                                   | RLG Holdings, Inc. TL 1L                           | CUSIP: 74970AAB4<br>LEI: 254900Y6CDN3X5BPSO77 | Long             | LON              | CORP              | US        |   1315579 | PA      | $788032.04    | 0.19%             | 2028-07-07      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                              | DIRECTV Financing, LLC TL 1L                       | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     96735 | PA      | $96761.98     | 0.02%             | 2027-08-02      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                        | Assurion, LLC TLB4 2L                              | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1604603 | PA      | $1572510.46   | 0.39%             | 2029-01-20      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| PMHC II INC                                        | PMHC II, Inc. TL                                   | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | LON              | CORP              | US        |    301305 | PA      | $165886.50    | 0.04%             | 2029-04-23      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| New Arclin/ARC Falcon 9/21 Cov-Lite TL             | New Arclin/ARC Falcon 9/21 Cov-Lite TL             | CUSIP: 03880YAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    369730 | PA      | $369267.45    | 0.09%             | 2028-09-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| ExamWorks/Electron 11/21 Cov-Lite TL               | ExamWorks/Electron 11/21 Cov-Lite TL               | CUSIP: 28542CAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    682045 | PA      | $685182.09    | 0.17%             | 2028-11-01      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| IMA Financial 11/21 Cov-Lite TL                    | IMA Financial 11/21 Cov-Lite TL                    | CUSIP: 44966KAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1406887 | PA      | $1409307.00   | 0.35%             | 2028-11-01      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| UST GLOBAL INC                                     | UST Holdings, Ltd. TL                              | CUSIP: 90355HAB0<br>LEI: 984500398691E4511Z04 | Long             | LON              | CORP              | US        |    325203 | PA      | $326015.86    | 0.08%             | 2028-11-20      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Driven Performance/Holley Performance 11/21 TL     | Driven Performance/Holley Performance 11/21 TL     | CUSIP: 43538JAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    496944 | PA      | $494086.61    | 0.12%             | 2028-11-17      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| PELICAN PRODUCTS INC                               | PELICAN PRODUCTS, INC. TL                          | CUSIP: 70468BAC7<br>LEI: 5493008CRWH2WFODTF44 | Long             | LON              | CORP              | US        |    472844 | PA      | $426150.23    | 0.10%             | 2028-12-29      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| FENDER MUSICAL INSTRUMENTS CORPORATION             | FENDER MUSICAL INSTRUMENTS CORPORATION             | CUSIP: 31446UAN0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    182101 | PA      | $163891.20    | 0.04%             | 2028-12-01      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Bettcher Industries 12/21 Cov-Lite TL              | Bettcher Industries 12/21 Cov-Lite TL              | CUSIP: 59010LAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    795631 | PA      | $802345.70    | 0.20%             | 2028-12-14      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Icebox Holdco III Inc (DiversiTech Holdings) TL B  | Icebox Holdco III Inc (DiversiTech Holdings) TL B  | CUSIP: 45114NAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    914962 | PA      | $921824.36    | 0.23%             | 2031-12-22      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Cast & Crew Ent 12/21 Incremental Cov-Lite TL      | Cast & Crew Ent 12/21 Incremental Cov-Lite TL      | CUSIP: 14835JAQ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    197554 | PA      | $115470.41    | 0.03%             | 2028-12-29      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| VACO HOLDINGS LLC                                  | Vaco Holdings, LLC TL 1L                           | CUSIP: 91865FAJ8<br>LEI: 54930076HTNXBP03T379 | Long             | LON              | CORP              | US        |   1000249 | PA      | $812501.87    | 0.20%             | 2029-01-22      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment, LLC TLB 1L                 | Fertitta Entertainment, LLC TLB 1L                 | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1442888 | PA      | $1442152.25   | 0.35%             | 2029-01-27      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| 19TH HOLDINGS GOLF LLC                             | 19th HOLDINGS GOLF, LLC TLB 1L                     | CUSIP: 68250XAB7<br>LEI: 549300INS30LLUJP0S18 | Long             | LON              | CORP              | US        |    997416 | PA      | $1003649.87   | 0.25%             | 2029-02-07      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                             | ATHENAHEALTH GROUP INC. TLB 1L                     | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   3310626 | PA      | $3314069.22   | 0.81%             | 2029-02-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                         | VIASAT, INC., TL                                   | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    645698 | PA      | $642908.48    | 0.16%             | 2029-03-02      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                             | CLYDESDALE ACQUISITION HOLDINGS, INC.              | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    500000 | PA      | $500085.00    | 0.12%             | 2029-04-13      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| ELEMENT MTRL TECH GP HLDG TL                       | ELEMENT MTRL TECH GP HLDG TL                       | CUSIP: 284375LE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1103482 | PA      | $1110378.95   | 0.27%             | 2029-07-06      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| SYNIVERSE HOLDINGS INC                             | Syniverse Holdings, Inc.TL 1L                      | CUSIP: 87168TAB7<br>LEI: 549300CYZBHMZC8VLL59 | Long             | LON              | CORP              | US        |    626053 | PA      | $601236.51    | 0.15%             | 2027-05-13      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| Restoration Hardware/RH 5/22 Cov-Lite TLB2         | Restoration Hardware/RH 5/22 Cov-Lite TLB2         | CUSIP: 76133MAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    744231 | PA      | $738031.32    | 0.18%             | 2028-10-20      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                           | Majordrive Holdings IV, LLC TLB 1L                 | CUSIP: 56085UAC7<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |    286314 | PA      | $260308.04    | 0.06%             | 2029-06-01      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING LLC                            | Signature Aviation/BBA Aviation 6/22 TLB2          | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    468012 | PA      | $470109.00    | 0.12%             | 2031-07-01      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| Ply Gem/Pisces Midco/Cornerstone Building 7/22 TL  | Ply Gem/Pisces Midco/Cornerstone Building 7/22 TL  | CUSIP: 21925FAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    494911 | PA      | $388505.10    | 0.10%             | 2028-08-01      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| DISCOVERY PURCHASER CORP                           | DISCOVERY PURCHASER CORPORATION TL 1L              | CUSIP: 25471NAC0<br>LEI: 2549001LSO1ZBIPA5D65 | Long             | LON              | CORP              | US        |   1038679 | PA      | $996394.42    | 0.24%             | 2029-10-04      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| COVETRUS INC                                       | CORGI BIDCO, INC. TL 1L                            | CUSIP: 22304EAC0<br>LEI: 5493009S30DUFCF75V87 | Long             | LON              | CORP              | US        |   1216619 | PA      | $1086842.14   | 0.27%             | 2029-10-13      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc TL B                                   | Tenneco Inc TL B                                   | CUSIP: 88037HAP9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    576970 | PA      | $566359.32    | 0.14%             | 2028-11-17      | Floating      | 8.99%                 | No            |                  2 | On Loan: No      |
| Tenneco 11/22 Cov-Lite TLA                         | Tenneco 11/22 Cov-Lite TLA                         | CUSIP: 88037HAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1234119 | PA      | $1208819.61   | 0.30%             | 2028-11-17      | Floating      | 8.74%                 | No            |                  2 | On Loan: No      |
| ZEST ACQUISITION CORP., TL                         | ZEST ACQUISITION CORP., TL                         | CUSIP: 46589UAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    101451 | PA      | $99168.46     | 0.02%             | 2028-02-08      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                               | Ineos US Finance LLC, TLB                          | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    864347 | PA      | $696879.87    | 0.17%             | 2030-02-19      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Asurion 2/23 B11 TLB                               | Asurion 2/23 B11 TLB                               | CUSIP: 04649VBC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997436 | PA      | $998682.69    | 0.25%             | 2028-08-19      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Sedgwick CMS 2/23 TLB                              | Sedgwick CMS 2/23 TLB                              | CUSIP: 81527CAP2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1723855 | PA      | $1728888.25   | 0.42%             | 2031-07-31      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| TOPGOLF CALLAWAY BRANDS                            | Topgolf Callaway Brands Corp., TLB                 | CUSIP: 89071LAB6<br>LEI: 5493005UB0KFRKBPCU72 | Long             | LON              | CORP              | US        |   1407464 | PA      | $1410391.93   | 0.35%             | 2030-03-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| MH SUB I, LLC                                      | MH SUB I, LLC                                      | CUSIP: 45567YAN5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    799073 | PA      | $741140.09    | 0.18%             | 2028-05-03      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Viasat 5/23 TL                                     | Viasat 5/23 TL                                     | CUSIP: 92555WAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    371449 | PA      | $369766.55    | 0.09%             | 2030-05-30      | Floating      | 8.35%                 | No            |                  2 | On Loan: No      |
| SHUTTERFLY FINANCE, LLC, TL                        | SHUTTERFLY FINANCE, LLC, TL                        | CUSIP: 82568TAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    448783 | PA      | $426824.28    | 0.10%             | 2027-10-01      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL TEXTILE 6/23 - EQUITY                | INTERNATIONAL TEXTILE 6/23 - EQUITY                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     20088 | NS      | $51475.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Odyssey Logistics 7/23 TL                          | Odyssey Logistics 7/23 TL                          | CUSIP: 67611YAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    806446 | PA      | $609874.81    | 0.15%             | 2027-10-12      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LIMITED PARTNERSHIP, TL         | ONTARIO GAMING GTA LIMITED PARTNERSHIP, TL         | CUSIP: C6907UAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    545951 | PA      | $504126.07    | 0.12%             | 2030-08-01      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| AQ Carver Buyer (CoAdvantage) 7/23 T/L             | AQ Carver Buyer (CoAdvantage) 7/23 T/L             | CUSIP: 00226HAG5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1225903 | PA      | $1163075.25   | 0.29%             | 2029-08-02      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| Forward Air 9/23 Cov-Lite TLB                      | Forward Air 9/23 Cov-Lite TLB                      | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1225472 | PA      | $1214442.42   | 0.30%             | 2030-12-19      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| BCPE Grill Parent, Inc. (Fogo de Chao) TLB         | BCPE Grill Parent, Inc. (Fogo de Chao) TLB         | CUSIP: 05553QAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    563145 | PA      | $521308.68    | 0.13%             | 2030-09-30      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb 9/23 Incremental                     | Bausch + Lomb 9/23 Incremental                     | CUSIP: C0787FAF9<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1365000 | PA      | $1365000.02   | 0.34%             | 2028-09-29      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Atlantic Broadband/Breezeline 9/23 TL B            | Atlantic Broadband/Breezeline 9/23 TL B            | CUSIP: 19239BAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    410274 | PA      | $395179.84    | 0.10%             | 2030-09-18      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Marine One Holdco, LLC (West Marine) - Equity      | Marine One Holdco, LLC (West Marine) - Equity      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      5865 | NS      | $1466.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tectum Holdings/Truck Hero 9/23 Incremental TL     | Tectum Holdings/Truck Hero 9/23 Incremental TL     | CUSIP: 89778PAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    337598 | PA      | $260457.08    | 0.06%             | 2028-01-31      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| Aramsco 10/23 TLB                                  | Aramsco 10/23 TLB                                  | CUSIP: 03853CAG0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    385567 | PA      | $258175.86    | 0.06%             | 2030-10-10      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| Styrolution/Ineos Quattro 11/23 Cov-Lite TLB       | Styrolution/Ineos Quattro 11/23 Cov-Lite TLB       | CUSIP: G4770MAL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1384736 | PA      | $969315.34    | 0.24%             | 2029-04-02      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Hertz 11/23 Incremental TLB                        | Hertz 11/23 Incremental TLB                        | CUSIP: 42804VBD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24818 | PA      | $20583.35     | 0.01%             | 2028-06-30      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Transdigm, Inc. 11/23 TLJ                          | Transdigm, Inc. 11/23 TLJ                          | CUSIP: 89364MCA0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1069286 | PA      | $1072922.03   | 0.26%             | 2031-02-28      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| National Intergovernmental Purchasing/Omnia TLB    | National Intergovernmental Purchasing/Omnia TLB    | CUSIP: 68218HAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2291220 | PA      | $2298185.05   | 0.56%             | 2030-07-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Dave & Buster's 1/24 Cov-Lite TLB                  | Dave & Buster's 1/24 Cov-Lite TLB                  | CUSIP: 23833EAX2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    446565 | PA      | $409862.00    | 0.10%             | 2029-06-29      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Ensemble Health 1/24 TLB                           | Ensemble Health 1/24 TLB                           | CUSIP: 29359BAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2292928 | PA      | $2302856.61   | 0.57%             | 2029-08-01      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Merlin 1/24 (USD) TL                               | Merlin 1/24 (USD) TL                               | CUSIP: L6526BAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    993217 | PA      | $879622.40    | 0.22%             | 2029-11-12      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| LA Fitness 1/24 TLB                                | LA Fitness 1/24 TLB                                | CUSIP: 33818XAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    969919 | PA      | $970888.90    | 0.24%             | 2029-02-12      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| Planet US Buyer/Wood Mackenzie 1/24 Cov-Lite TLB   | Planet US Buyer/Wood Mackenzie 1/24 Cov-Lite TLB   | CUSIP: 72706RAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    341237 | PA      | $343185.01    | 0.08%             | 2031-02-07      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Ultimate Software 1/24 Cov-Lite TLB                | Ultimate Software 1/24 Cov-Lite TLB                | CUSIP: 89841EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1011589 | PA      | $1011993.47   | 0.25%             | 2031-02-10      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| WestJet Airlines 1/24 TLB                          | WestJet Airlines 1/24 TLB                          | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CN        |   1944290 | PA      | $1950822.46   | 0.48%             | 2031-02-14      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Powerteam Services 2/24 TLC                        | Powerteam Services 2/24 TLC                        | CUSIP: 73937UAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    321790 | PA      | $258841.61    | 0.06%             | 2031-02-15      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Kantar 2/24 Extended TLB                           | Kantar 2/24 Extended TLB                           | CUSIP: L8869UAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1005674 | PA      | $934019.40    | 0.23%             | 2029-02-15      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| Eisner Advisory/EisnerAmper 2/24 Cov-Lite TLB      | Eisner Advisory/EisnerAmper 2/24 Cov-Lite TLB      | CUSIP: 28259HAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1098246 | PA      | $1104429.49   | 0.27%             | 2031-02-28      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| Cotiviti 2/24 TL                                   | Cotiviti 2/24 TL                                   | CUSIP: 22164MAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    808768 | PA      | $775745.82    | 0.19%             | 2031-05-01      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Groundworks 3/24 Cov-Lite TL                       | Groundworks 3/24 Cov-Lite TL                       | CUSIP: 39954EAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1522791 | PA      | $1529140.57   | 0.38%             | 2031-03-14      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Clear Channel 3/24 TLB                             | Clear Channel 3/24 TLB                             | CUSIP: 18452RAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1250000 | PA      | $1250675.00   | 0.31%             | 2028-08-21      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Truist Insurance 5/24 2nd Lien TL                  | Truist Insurance 5/24 2nd Lien TL                  | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    750000 | PA      | $758122.50    | 0.19%             | 2032-05-06      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| PUG/Viagogo/StubHub 3/24 Extended TLB              | PUG/Viagogo/StubHub 3/24 Extended TLB              | CUSIP: 74530DAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1073076 | PA      | $1061894.46   | 0.26%             | 2030-03-15      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| SunSource 3/24 TL                                  | SunSource 3/24 TL                                  | CUSIP: 12508KAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2219057 | PA      | $2216283.39   | 0.54%             | 2031-03-25      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Rackspace Hosting 3/24 FLFO New SuperPriority TLB  | Rackspace Hosting 3/24 FLFO New SuperPriority TLB  | CUSIP: 75008UAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    994937 | PA      | $1009860.75   | 0.25%             | 2028-05-15      | Floating      | 10.11%                | No            |                  2 | On Loan: No      |
| Prolamina 3/24 Cov-Lite TL                         | Prolamina 3/24 Cov-Lite TL                         | CUSIP: 74274NAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    356271 | PA      | $356466.46    | 0.09%             | 2028-09-15      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Brand Energy/BrandSafway 4/24 TLB                  | Brand Energy/BrandSafway 4/24 TLB                  | CUSIP: 10524MAS6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1126197 | PA      | $1023814.28   | 0.25%             | 2030-08-01      | Floating      | 8.35%                 | No            |                  2 | On Loan: No      |
| AmaWaterways 4/24 TLB                              | AmaWaterways 4/24 TLB                              | CUSIP: 50180PAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1638852 | PA      | $1641933.15   | 0.40%             | 2031-05-01      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Ply Gem/Pisces Midco/Cornerstone Bldg Cov-Lite TLB | Ply Gem/Pisces Midco/Cornerstone Bldg Cov-Lite TLB | CUSIP: 72431HAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    295694 | PA      | $207970.66    | 0.05%             | 2031-05-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| ADP/CDK Global 5/24 TLB                            | ADP/CDK Global 5/24 TLB                            | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1565703 | PA      | $1322361.21   | 0.32%             | 2029-07-06      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners 5/24 TLB4                     | Broadstreet Partners 5/24 TLB4                     | CUSIP: 11132VAY5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2355979 | PA      | $2362787.44   | 0.58%             | 2031-06-13      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Staples 5/24 Cov-Lite TLB                          | Staples 5/24 Cov-Lite TLB                          | CUSIP: 855031AU4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    268331 | PA      | $254200.87    | 0.06%             | 2029-09-04      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| Gray Television 6/24 TLB                           | Gray Television 6/24 TLB                           | CUSIP: 389376BC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     15113 | PA      | $15099.92     | 0.00%             | 2029-06-04      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| Univision 5/24 TLB                                 | Univision 5/24 TLB                                 | CUSIP: 914908BG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1257909 | PA      | $1253582.24   | 0.31%             | 2029-01-31      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| OVG Business/Oak View Group 5/24 TLB               | OVG Business/Oak View Group 5/24 TLB               | CUSIP: 62955EAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1661058 | PA      | $1661058.46   | 0.41%             | 2031-06-25      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Harbor Freight Tools 5/24 TLB                      | Harbor Freight Tools 5/24 TLB                      | CUSIP: 41151PAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249885 | PA      | $247209.09    | 0.06%             | 2031-06-11      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Idera 6/24 TL                                      | Idera 6/24 TL                                      | CUSIP: 45168RAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1568632 | PA      | $1458388.74   | 0.36%             | 2028-03-02      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| Citco 6/24 TLB                                     | Citco 6/24 TLB                                     | CUSIP: 17302JAK3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    770268 | PA      | $774843.40    | 0.19%             | 2028-04-27      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Scientific Games/ Light & Wonder 6/24 TLB          | Scientific Games/ Light & Wonder 6/24 TLB          | CUSIP: 80875CAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    496231 | PA      | $486867.28    | 0.12%             | 2029-04-04      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| White Cap 6/24 TLB                                 | White Cap 6/24 TLB                                 | CUSIP: 96350TAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2895864 | PA      | $2906954.98   | 0.71%             | 2029-10-19      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Drake Software/Taxwell 6/24 TLB                    | Drake Software/Taxwell 6/24 TLB                    | CUSIP: 23344UAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2325717 | PA      | $2279202.21   | 0.56%             | 2031-06-26      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Sabert 6/24 TLB                                    | Sabert 6/24 TLB                                    | CUSIP: 78516EAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    909739 | PA      | $907464.76    | 0.22%             | 2026-12-10      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Ardonagh 6/24 Cov-Lite TLB                         | Ardonagh 6/24 Cov-Lite TLB                         | CUSIP: Q0500HAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2366046 | PA      | $2358664.22   | 0.58%             | 2031-02-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Autodata/JD Power 7/24 TL                          | Autodata/JD Power 7/24 TL                          | CUSIP: 74339NAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2967758 | PA      | $2973931.14   | 0.73%             | 2031-07-16      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Global Tel Link 6/24 TL                            | Global Tel Link 6/24 TL                            | CUSIP: 37959JAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    936487 | PA      | $929753.17    | 0.23%             | 2029-08-06      | Floating      | 11.22%                | No            |                  2 | On Loan: No      |
| Hobbs & Associates/Air Control Concepts 7/24 TLB   | Hobbs & Associates/Air Control Concepts 7/24 TLB   | CUSIP: 43385CAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    737229 | PA      | $736536.23    | 0.18%             | 2031-07-23      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Wilsonart International 7/24 TLB                   | Wilsonart International 7/24 TLB                   | CUSIP: 97246FAM8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    976795 | PA      | $945049.53    | 0.23%             | 2031-08-05      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Fleet US/Argus 8/24 TLB                            | Fleet US/Argus 8/24 TLB                            | CUSIP: 33902UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100003 | PA      | $100378.38    | 0.02%             | 2031-02-21      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| McAfee/Magenta 8/24 Super Priority TL              | McAfee/Magenta 8/24 Super Priority TL              | CUSIP: 55909UAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    142199 | PA      | $141914.88    | 0.03%             | 2028-07-27      | Floating      | 10.09%                | No            |                  2 | On Loan: No      |
| Magenta Buyer LLC (McAfee) First Out TL (8/15/24)  | Magenta Buyer LLC (McAfee) First Out TL (8/15/24)  | CUSIP: 55909UAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    247945 | PA      | $186578.39    | 0.05%             | 2028-07-27      | Floating      | 10.85%                | No            |                  2 | On Loan: No      |
| Magenta Buyer LLC (McAfee) Second Out TL (8/15/24) | Magenta Buyer LLC (McAfee) Second Out TL (8/15/24) | CUSIP: 55909UAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    390433 | PA      | $166586.13    | 0.04%             | 2028-07-27      | Floating      | 11.10%                | No            |                  2 | On Loan: No      |
| Paint Intermediate/Wesco Group 9/24 Cov-Lite TLB   | Paint Intermediate/Wesco Group 9/24 Cov-Lite TLB   | CUSIP: 69575EAL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    189741 | PA      | $190452.47    | 0.05%             | 2031-10-09      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| June Purchaser/Janney Montgomery 9/24 TLB          | June Purchaser/Janney Montgomery 9/24 TLB          | CUSIP: 48171UAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1132519 | PA      | $1139359.18   | 0.28%             | 2031-11-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| June Purchaser/Janney Montgomery 9/24 DTL          | June Purchaser/Janney Montgomery 9/24 DTL          | CUSIP: 48171UAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    190179 | PA      | $191328.15    | 0.05%             | 2031-11-28      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| RegionalCare/Lifepoint Health 9/24 TLB             | RegionalCare/Lifepoint Health 9/24 TLB             | CUSIP: 75915TAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2351746 | PA      | $2358236.53   | 0.58%             | 2031-05-17      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| Asurion 9/24 B12 TLB                               | Asurion 9/24 B12 TLB                               | CUSIP: 04649VBD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    309346 | PA      | $309200.55    | 0.08%             | 2030-09-19      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Envestnet/BCPE Pequod 9/24 TLB                     | Envestnet/BCPE Pequod 9/24 TLB                     | CUSIP: 05624AAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1828228 | PA      | $1831079.82   | 0.45%             | 2031-11-25      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Dave & Buster's 9/24 TLB                           | Dave & Buster's 9/24 TLB                           | CUSIP: 23833EAY0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000500 | PA      | $889504.53    | 0.22%             | 2031-11-01      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Styrolution/Ineos Quattro 10/24 TLB                | Styrolution/Ineos Quattro 10/24 TLB                | CUSIP: G4770MAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94206 | PA      | $62411.37     | 0.02%             | 2031-10-07      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Windstream 9/24 TLB                                | Windstream 9/24 TLB                                | CUSIP: 97381JAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1917501 | PA      | $1922294.68   | 0.47%             | 2031-10-01      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| AkzoNobel Specialty Chem(Starfruit) 10/24 TLB      | AkzoNobel Specialty Chem(Starfruit) 10/24 TLB      | CUSIP: N8232NAL1<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    265396 | PA      | $265176.11    | 0.07%             | 2028-04-03      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| AkzoNobel Specialty Chemical 10/24 Incremental TLB | AkzoNobel Specialty Chemical 10/24 Incremental TLB | CUSIP: N8232NAM9<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    596564 | PA      | $596002.87    | 0.15%             | 2028-04-03      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Closure System/Canister 10/24 Cov-Lite TLB         | Closure System/Canister 10/24 Cov-Lite TLB         | CUSIP: 13763HAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     45068 | PA      | $45136.04     | 0.01%             | 2029-03-22      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Hanger Orthopedic 10/24 TLB                        | Hanger Orthopedic 10/24 TLB                        | CUSIP: 41043BAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1221129 | PA      | $1224145.62   | 0.30%             | 2031-10-23      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Therakos 10/24 Cov-Lite TLB                        | Therakos 10/24 Cov-Lite TLB                        | CUSIP: 83419KAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1739536 | PA      | $1704745.69   | 0.42%             | 2030-11-29      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| Hanger Orthopedic 10/24 Delayed TL                 | Hanger Orthopedic 10/24 Delayed TL                 | CUSIP: 41043BAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    158014 | PA      | $158404.09    | 0.04%             | 2031-10-23      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| FNZ Group 11/24 (USD) TLB                          | FNZ Group 11/24 (USD) TLB                          | CUSIP: 30339HAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1311400 | PA      | $1029449.12   | 0.25%             | 2031-11-05      | Floating      | 8.90%                 | No            |                  2 | On Loan: No      |
| R1 RCM 10/24 Cov-Lite TLB                          | R1 RCM 10/24 Cov-Lite TLB                          | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1173308 | PA      | $1176605.18   | 0.29%             | 2031-11-19      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| R1 RCM 10/24 Cov-Lite Delayed TL                   | R1 RCM 10/24 Cov-Lite Delayed TL                   | CUSIP: 75419XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     84441 | PA      | $84678.31     | 0.02%             | 2031-11-19      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| WideOpenWest 10/24 Super-Priority FO New Money TL  | WideOpenWest 10/24 Super-Priority FO New Money TL  | CUSIP: 96758DBG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    673710 | PA      | $684375.11    | 0.17%             | 2028-12-11      | Floating      | 11.17%                | No            |                  2 | On Loan: No      |
| Cornerstone Generation 10/24 TLB                   | Cornerstone Generation 10/24 TLB                   | CUSIP: 21924NAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    561547 | PA      | $565960.64    | 0.14%             | 2032-08-11      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| Ufinet/Zacapa 10/24 TL                             | Ufinet/Zacapa 10/24 TL                             | CUSIP: L9901EAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1526303 | PA      | $1526394.83   | 0.38%             | 2029-03-22      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Endo Pharmaceuticals 10/24 TLB                     | Endo Pharmaceuticals 10/24 TLB                     | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    651057 | PA      | $645360.67    | 0.16%             | 2031-04-23      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Zelis/RedCard 10/24 TLB                            | Zelis/RedCard 10/24 TLB                            | CUSIP: 98932TAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    776898 | PA      | $770099.88    | 0.19%             | 2031-11-26      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Hudson River 10/24 TLB                             | Hudson River 10/24 TLB                             | CUSIP: 44413EAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1127650 | PA      | $1131799.83   | 0.28%             | 2030-03-18      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| Worldwide Express/GlobalTranz 11/24 Cov-Lite TLB   | Worldwide Express/GlobalTranz 11/24 Cov-Lite TLB   | CUSIP: 00435UAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1263916 | PA      | $1268655.36   | 0.31%             | 2028-07-26      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Jostens/Champ Acquisition 11/24 TLB                | Jostens/Champ Acquisition 11/24 TLB                | CUSIP: 15807EAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    833765 | PA      | $836891.83    | 0.21%             | 2031-11-25      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| GEN II Fund Services 11/24 TLB                     | GEN II Fund Services 11/24 TLB                     | CUSIP: 69381MAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    517033 | PA      | $516815.93    | 0.13%             | 2031-11-26      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Project Alpha (Qlik) 11/24 Cov-Lite TLB            | Project Alpha (Qlik) 11/24 Cov-Lite TLB            | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1140937 | PA      | $1138415.16   | 0.28%             | 2030-10-26      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Lasership 11/24 Second Out TLB1                    | Lasership 11/24 Second Out TLB1                    | CUSIP: 51809EAM7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    184930 | PA      | $137402.70    | 0.03%             | 2029-08-10      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| Lasership 11/24 Third Out TLE                      | Lasership 11/24 Third Out TLE                      | CUSIP: 51809EAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    495038 | PA      | $143561.15    | 0.04%             | 2029-08-10      | Floating      | 12.43%                | No            |                  2 | On Loan: No      |
| Kodiak Building Partners 11/24 Cov-Lite TLB        | Kodiak Building Partners 11/24 Cov-Lite TLB        | CUSIP: 50011JAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1069770 | PA      | $1042020.24   | 0.26%             | 2031-12-04      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Truist Insurance 12/24 Cov-Lite TLB                | Truist Insurance 12/24 Cov-Lite TLB                | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1223713 | PA      | $1224226.68   | 0.30%             | 2031-05-06      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Culligan 12/24 TLB                                 | Culligan 12/24 TLB                                 | CUSIP: 00132UAP9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3157962 | PA      | $3163741.36   | 0.78%             | 2028-07-31      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Hexion 12/24 TLB                                   | Hexion 12/24 TLB                                   | CUSIP: 00217XAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1264010 | PA      | $1215712.18   | 0.30%             | 2029-03-15      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| Catawba Nation Gaming/Two Kings Casino 12/24 TLB   | Catawba Nation Gaming/Two Kings Casino 12/24 TLB   | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1193096 | PA      | $1219940.80   | 0.30%             | 2032-03-29      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| Ascensus 12/24 Cov-Lite TLB                        | Ascensus 12/24 Cov-Lite TLB                        | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1497375.13   | 0.37%             | 2032-11-24      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Roper Technologies/Indicor 12/24 (USD) Cov-Lite TL | Roper Technologies/Indicor 12/24 (USD) Cov-Lite TL | CUSIP: 77669LAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1524784 | PA      | $1532926.42   | 0.38%             | 2029-11-22      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Ineos 12/24 (USD) Cov-Lite TLB                     | Ineos 12/24 (USD) Cov-Lite TLB                     | CUSIP: G4768PAS0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1235634 | PA      | $986962.79    | 0.24%             | 2031-02-07      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| RealPage 12/24 Incremental TL                      | RealPage 12/24 Incremental TL                      | CUSIP: 75605VAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1019595 | PA      | $1021828.03   | 0.25%             | 2028-04-24      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| WeddingWire 12/24 TLB                              | WeddingWire 12/24 TLB                              | CUSIP: 94847DAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    865961 | PA      | $720912.90    | 0.18%             | 2028-01-31      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Horizon US Finco/Travel Corp 12/24 Cov-Lite TLB    | Horizon US Finco/Travel Corp 12/24 Cov-Lite TLB    | CUSIP: 44057XAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1481813 | PA      | $1442915.36   | 0.35%             | 2031-10-31      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| Zuora 12/24 Cov-Lite TLB                           | Zuora 12/24 Cov-Lite TLB                           | CUSIP: 98980XAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    328812 | PA      | $327496.63    | 0.08%             | 2032-02-14      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Bay Club 12/24 Cov-Lite TL                         | Bay Club 12/24 Cov-Lite TL                         | CUSIP: 12021GAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1453755 | PA      | $1461329.37   | 0.36%             | 2031-06-27      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| Solenis 12/24 (USD) Cov-Lite TLB                   | Solenis 12/24 (USD) Cov-Lite TLB                   | CUSIP: 68163YAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1765073 | PA      | $1748022.30   | 0.43%             | 2031-06-20      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Grant Thornton 12/24 Cov-Lite TLB                  | Grant Thornton 12/24 Cov-Lite TLB                  | CUSIP: 38821UAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2450286 | PA      | $2452246.34   | 0.60%             | 2031-06-02      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Organon 12/24 (USD) Cov-Lite TL                    | Organon 12/24 (USD) Cov-Lite TL                    | CUSIP: 68621XAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105450 | PA      | $101337.57    | 0.02%             | 2031-05-19      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Johnstone Supply 12/24 TLB                         | Johnstone Supply 12/24 TLB                         | CUSIP: 47947BAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    464420 | PA      | $466676.97    | 0.11%             | 2031-06-09      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Planview 12/24 TL                                  | Planview 12/24 TL                                  | CUSIP: 72751PAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1074092 | PA      | $1027433.77   | 0.25%             | 2027-12-17      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Acrisure 12/24 B6 Cov-Lite TL                      | Acrisure 12/24 B6 Cov-Lite TL                      | CUSIP: 00488PAV7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1692298 | PA      | $1689133.36   | 0.41%             | 2030-11-06      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Ankura 12/24 Cov-Lite TLB                          | Ankura 12/24 Cov-Lite TLB                          | CUSIP: 03539PAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1599618 | PA      | $1560202.92   | 0.38%             | 2031-12-29      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Pacific Bells 12/24 Cov-Lite TLB                   | Pacific Bells 12/24 Cov-Lite TLB                   | CUSIP: 69403HAN0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    398482 | PA      | $399645.10    | 0.10%             | 2028-11-13      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| McAfee 12/24 Cov-Lite TLB                          | McAfee 12/24 Cov-Lite TLB                          | CUSIP: 57906HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2743308 | PA      | $2522992.70   | 0.62%             | 2029-03-01      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas 1/25 (USD) TLB                      | Hunter Douglas 1/25 (USD) TLB                      | CUSIP: N8137FAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2462129 | PA      | $2471361.57   | 0.61%             | 2032-01-17      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant 1/25 Incremental TL               | Flynn Restaurant 1/25 Incremental TL               | CUSIP: 34410JAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1333637 | PA      | $1338011.00   | 0.33%             | 2032-01-28      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| TRC Companies 1/25 Cov-Lite TLB                    | TRC Companies 1/25 Cov-Lite TLB                    | CUSIP: 29280KAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2083021 | PA      | $2087582.92   | 0.51%             | 2028-12-08      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| ABRA Auto Body/Caliber Collision 1/25 Cov-Lite TLB | ABRA Auto Body/Caliber Collision 1/25 Cov-Lite TLB | CUSIP: 93369PAM6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    911627 | PA      | $912110.62    | 0.22%             | 2031-01-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Power Solutions 1/25 (USD) Incremental TLB         | Power Solutions 1/25 (USD) Incremental TLB         | CUSIP: C8000CAP8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1246553 | PA      | $1251227.64   | 0.31%             | 2032-01-28      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Bass Pro Shops/Great American 1/25 Cov-Lite TLB    | Bass Pro Shops/Great American 1/25 Cov-Lite TLB    | CUSIP: 07014QAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    463863 | PA      | $466182.01    | 0.11%             | 2032-01-23      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Genesys 1/25 (USD) TL                              | Genesys 1/25 (USD) TL                              | CUSIP: 39479UAY9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1844960 | PA      | $1839204.11   | 0.45%             | 2032-01-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Achilles/OneDigital Health 1/25 TL                 | Achilles/OneDigital Health 1/25 TL                 | CUSIP: 68277FAN9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2060984 | PA      | $2063601.79   | 0.51%             | 2031-07-02      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Michael Baker 1/25 TLB                             | Michael Baker 1/25 TLB                             | CUSIP: 59406MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    272135 | PA      | $272475.11    | 0.07%             | 2028-12-01      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| Endeavor/EOC 1/25 Cov-Lite TLB                     | Endeavor/EOC 1/25 Cov-Lite TLB                     | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2179656 | PA      | $2189333.53   | 0.54%             | 2032-03-24      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Promontory Interfinancial/IntraFi Network 1/25 TLB | Promontory Interfinancial/IntraFi Network 1/25 TLB | CUSIP: 65343UAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3587994 | PA      | $3534568.79   | 0.87%             | 2031-07-31      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Infoblox 1/25 TLB                                  | Infoblox 1/25 TLB                                  | CUSIP: 24780DAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1373589 | PA      | $1365526.46   | 0.34%             | 2029-11-30      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Cable & Wireless 1/25 B7 Cov-Lite TLB              | Cable & Wireless 1/25 B7 Cov-Lite TLB              | CUSIP: G7739PAN0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1560360 | PA      | $1529932.68   | 0.38%             | 2032-01-31      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Kaman/Ruby/Arxis 1/25 Cov-Lite TLB                 | Kaman/Ruby/Arxis 1/25 Cov-Lite TLB                 | CUSIP: 48354VAM4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2443060 | PA      | $2451268.74   | 0.60%             | 2032-02-26      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Kaman/Ruby/Arxis 1/25 Delayed TL                   | Kaman/Ruby/Arxis 1/25 Delayed TL                   | CUSIP: 48354VAN2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    231031 | PA      | $231807.30    | 0.06%             | 2032-02-26      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Arcis 1/25 Cov-Lite TLB                            | Arcis 1/25 Cov-Lite TLB                            | CUSIP: 03958MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    256913 | PA      | $257234.42    | 0.06%             | 2028-11-24      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Blackhawk Network 1/25 Cov-Lite TLB                | Blackhawk Network 1/25 Cov-Lite TLB                | CUSIP: 09238FAM3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2281915 | PA      | $2290472.17   | 0.56%             | 2029-03-12      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Garda World 1/25 Cov-Lite TLB                      | Garda World 1/25 Cov-Lite TLB                      | CUSIP: C4000KAG9<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1412866 | PA      | $1416398.48   | 0.35%             | 2029-02-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Genuine Fin 1/25 Cov-Lite TLB                      | Genuine Fin 1/25 Cov-Lite TLB                      | CUSIP: 37190DAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1496997 | PA      | $1255606.49   | 0.31%             | 2030-09-27      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Amex GBT 1/25 Cov-Lite TLB                         | Amex GBT 1/25 Cov-Lite TLB                         | CUSIP: 36154HAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1672173 | PA      | $1676704.86   | 0.41%             | 2031-07-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Services 2/25 TLB                | GFL Environmental Services 2/25 TLB                | CUSIP: 36257SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    686032 | PA      | $688090.23    | 0.17%             | 2032-03-03      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Gentiva Health/Kindred at Home 1/25 Cov-Lite TLB   | Gentiva Health/Kindred at Home 1/25 Cov-Lite TLB   | CUSIP: 12568YAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2030601 | PA      | $1991572.48   | 0.49%             | 2028-02-11      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners 1/25 Add-On Cov-Lite TLB  | Focus Financial Partners 1/25 Add-On Cov-Lite TLB  | CUSIP: 34416DBD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1985311 | PA      | $1988129.88   | 0.49%             | 2031-09-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Cotiviti 2/25 Incremental Cov-Lite TL              | Cotiviti 2/25 Incremental Cov-Lite TL              | CUSIP: 22164MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    703747 | PA      | $674281.34    | 0.17%             | 2032-03-26      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Arsenal WGH/WCG 2/25 Cov-Lite TLB                  | Arsenal WGH/WCG 2/25 Cov-Lite TLB                  | CUSIP: 23343FAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    980391 | PA      | $981773.47    | 0.24%             | 2032-02-25      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Univar/Windsor 2/25 (USD) TLB                      | Univar/Windsor 2/25 (USD) TLB                      | CUSIP: 97360BAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1071646 | PA      | $1073188.75   | 0.26%             | 2030-08-01      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Citrin Cooperman 3/25 Cov-Lite TLB                 | Citrin Cooperman 3/25 Cov-Lite TLB                 | CUSIP: 17737EAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    726023 | PA      | $727837.74    | 0.18%             | 2032-04-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Imperial Bag & Paper/Imperial Dade 2/25 TLB        | Imperial Bag & Paper/Imperial Dade 2/25 TLB        | CUSIP: 05550HAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2393282 | PA      | $2364371.35   | 0.58%             | 2030-12-11      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Kaseya 3/25 Cov-Lite TL                            | Kaseya 3/25 Cov-Lite TL                            | CUSIP: 48578AAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1456047 | PA      | $1456250.57   | 0.36%             | 2032-03-20      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Kaseya 3/25 2nd Lien Cov-Lite TL                   | Kaseya 3/25 2nd Lien Cov-Lite TL                   | CUSIP: 48578AAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    644172 | PA      | $629007.98    | 0.15%             | 2033-03-20      | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| ThyssenKrupp Elevator 3/25 (USD) TLB               | ThyssenKrupp Elevator 3/25 (USD) TLB               | CUSIP: D9000BAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2339112 | PA      | $2352374.43   | 0.58%             | 2030-04-30      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Berkeley Research/BRG 3/25 Cov-Lite TLB            | Berkeley Research/BRG 3/25 Cov-Lite TLB            | CUSIP: 08436UAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    684805 | PA      | $685517.05    | 0.17%             | 2032-05-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Storable 3/25 Cov-Lite TLB                         | Storable 3/25 Cov-Lite TLB                         | CUSIP: 86210LAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    746241 | PA      | $749039.00    | 0.18%             | 2031-04-16      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| SolarWinds/Starlight 3/25 Cov-Lite TL              | SolarWinds/Starlight 3/25 Cov-Lite TL              | CUSIP: 85554UAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1249751 | PA      | $1246626.63   | 0.31%             | 2032-04-16      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| Viavi 6/25 TLB                                     | Viavi 6/25 TLB                                     | CUSIP: 92555BAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    342840 | PA      | $344553.93    | 0.08%             | 2032-10-16      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Plusgrade 3/25 Cov-Lite TLB                        | Plusgrade 3/25 Cov-Lite TLB                        | CUSIP: C6902LAE6<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    590696 | PA      | $590696.39    | 0.15%             | 2031-03-03      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Alvogen Pharma 3/25 2nd Lien PIK TL                | Alvogen Pharma 3/25 2nd Lien PIK TL                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    243319 | PA      | $159373.80    | 0.04%             | 2029-03-01      | Floating      | 14.17%                | No            |                  2 | On Loan: No      |
| Hilex Poly/Novolex 3/25 Cov-Lite TLB               | Hilex Poly/Novolex 3/25 Cov-Lite TLB               | CUSIP: 18972FAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1131195 | PA      | $1129679.12   | 0.28%             | 2032-04-01      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Hilex Poly/Novolex 3/25 TL                         | Hilex Poly/Novolex 3/25 TL                         | CUSIP: 18972FAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      2677 | PA      | $2673.80      | 0.00%             | 2032-04-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Osttra 5/25 Cov-Lite TL                            | Osttra 5/25 Cov-Lite TL                            | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    382789 | PA      | $384343.27    | 0.09%             | 2032-10-08      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Harbortouch 5/25 TL                                | Harbortouch 5/25 TL                                | CUSIP: 82453JAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    212338 | PA      | $213443.78    | 0.05%             | 2032-06-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Grant Thornton 5/25 Incremental Cov-Lite TLB       | Grant Thornton 5/25 Incremental Cov-Lite TLB       | CUSIP: 38821UAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    461401 | PA      | $462720.73    | 0.11%             | 2031-06-02      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| AMR 5/25 TLB                                       | AMR 5/25 TLB                                       | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1076121 | PA      | $1080834.44   | 0.27%             | 2032-05-28      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Herschend/Harlem 5/25 Cov-Lite TLB                 | Herschend/Harlem 5/25 Cov-Lite TLB                 | CUSIP: 42778EAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    301405 | PA      | $303288.39    | 0.07%             | 2032-05-27      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Alera Group 5/25 Cov-Lite TL                       | Alera Group 5/25 Cov-Lite TL                       | CUSIP: 01451PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1187020 | PA      | $1192065.23   | 0.29%             | 2032-05-30      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Alera Group 5/25 2nd Lien Cov-Lite TL              | Alera Group 5/25 2nd Lien Cov-Lite TL              | CUSIP: 01451PAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    750000 | PA      | $763312.50    | 0.19%             | 2033-05-30      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| GGP/Brookfield Retail 5/25 TLB                     | GGP/Brookfield Retail 5/25 TLB                     | CUSIP: 11283HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    751082 | PA      | $754214.28    | 0.19%             | 2030-05-28      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Pregis 5/25 TL                                     | Pregis 5/25 TL                                     | CUSIP: 74045BAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    219055 | PA      | $220737.28    | 0.05%             | 2029-02-01      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| Proofpoint 6/25 Add-On TL                          | Proofpoint 6/25 Add-On TL                          | CUSIP: 74345HAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1348989 | PA      | $1354694.80   | 0.33%             | 2028-08-31      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| First Eagle 6/25 Cov-Lite TL                       | First Eagle 6/25 Cov-Lite TL                       | CUSIP: 32009UAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    854167 | PA      | $852372.92    | 0.21%             | 2032-08-16      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| First Eagle 6/25 Cov-Lite Delayed TL               | First Eagle 6/25 Cov-Lite Delayed TL               | CUSIP: 32009UAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    145833 | PA      | $145527.08    | 0.04%             | 2032-08-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Asurion 6/25 B13 TLB                               | Asurion 6/25 B13 TLB                               | CUSIP: 04649VBE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    480139 | PA      | $479764.26    | 0.12%             | 2030-09-19      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Wasserman Media 6/25 TLB                           | Wasserman Media 6/25 TLB                           | CUSIP: 94105CAL4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    471261 | PA      | $473027.74    | 0.12%             | 2032-06-23      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Altera/Gryphon 6/25 Cov-Lite TLB                   | Altera/Gryphon 6/25 Cov-Lite TLB                   | CUSIP: 40054QAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1195723 | PA      | $1203327.91   | 0.30%             | 2032-09-10      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Trucordia Insurance 6/25 TLB                       | Trucordia Insurance 6/25 TLB                       | CUSIP: 89783WAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1033024 | PA      | $1025276.73   | 0.25%             | 2032-06-17      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Hamilton Projects 5/24 TLB                         | Hamilton Projects 5/24 TLB                         | CUSIP: 40444KAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    935902 | PA      | $941227.53    | 0.23%             | 2031-05-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Amspec Parent 6/25 Cov-Lite TL                     | Amspec Parent 6/25 Cov-Lite TL                     | CUSIP: 03218AAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1209606 | PA      | $1209605.80   | 0.30%             | 2031-12-22      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Skechers USA 6/25 (USD) TLB                        | Skechers USA 6/25 (USD) TLB                        | CUSIP: 07337FAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    704711 | PA      | $709559.82    | 0.17%             | 2032-09-12      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Convergint 7/25 Cov-Lite TL                        | Convergint 7/25 Cov-Lite TL                        | CUSIP: 23344MAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1852777 | PA      | $1852777.48   | 0.46%             | 2032-07-09      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Project Aurora/Spectris 9/25 Cov-Lite TL           | Project Aurora/Spectris 9/25 Cov-Lite TL           | CUSIP: 74352DAB6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    130675 | PA      | $131165.00    | 0.03%             | 2032-09-30      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| Scenic 7/25 (USD) TLB                              | Scenic 7/25 (USD) TLB                              | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    865272 | PA      | $867435.51    | 0.21%             | 2032-08-18      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| OverDrive/RBmedia 7/25 TLB                         | OverDrive/RBmedia 7/25 TLB                         | CUSIP: 37610GAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1068428 | PA      | $1074656.71   | 0.26%             | 2028-12-15      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| R&R Ice Cream/Froneri 7/25 (USD) TL                | R&R Ice Cream/Froneri 7/25 (USD) TL                | CUSIP: G3679YAM4<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1875392 | PA      | $1874679.40   | 0.46%             | 2032-08-02      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Kidde Global 7/25 TLB                              | Kidde Global 7/25 TLB                              | CUSIP: 50221UAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1607635 | PA      | $1616171.90   | 0.40%             | 2031-12-02      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Creative Artists 7/25 TL                           | Creative Artists 7/25 TL                           | CUSIP: 22526WAU2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2797235 | PA      | $2806549.79   | 0.69%             | 2031-10-01      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Tallgrass Energy 7/25 TLB                          | Tallgrass Energy 7/25 TLB                          | CUSIP: 73955HAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1375687 | PA      | $1382276.67   | 0.34%             | 2029-08-01      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Chamberlain/Chariot Buyer 7/25 TLB                 | Chamberlain/Chariot Buyer 7/25 TLB                 | CUSIP: 15963CAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1330638 | PA      | $1332580.97   | 0.33%             | 2032-09-08      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Euro Garages/EG Group 7/25 TL                      | Euro Garages/EG Group 7/25 TL                      | CUSIP: N2820EAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1453887 | PA      | $1458131.88   | 0.36%             | 2028-02-07      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Intrawest/Alterra 7/25 TL                          | Intrawest/Alterra 7/25 TL                          | CUSIP: 46124CAS6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    391516 | PA      | $392983.95    | 0.10%             | 2030-05-31      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Press Ganey 7/25 Cov-Lite TLB                      | Press Ganey 7/25 Cov-Lite TLB                      | CUSIP: 05477JAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1714841 | PA      | $1716985.01   | 0.42%             | 2031-04-30      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary/Mission Pet Health 7/25 TL     | Southern Veterinary/Mission Pet Health 7/25 TL     | CUSIP: 84410HAQ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2224646 | PA      | $2220974.97   | 0.55%             | 2031-12-04      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Solenis 7/25 Cov-Lite TLB                          | Solenis 7/25 Cov-Lite TLB                          | CUSIP: 68163YAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    325934 | PA      | $323694.51    | 0.08%             | 2032-11-03      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Patterson Companies 4/25 TL                        | Patterson Companies 4/25 TL                        | CUSIP: 69902BAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    491161 | PA      | $430841.39    | 0.11%             | 2032-04-16      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Paradigm Outcomes 7/25 Cov-Lite TLB                | Paradigm Outcomes 7/25 Cov-Lite TLB                | CUSIP: 69002CAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    589658 | PA      | $592771.85    | 0.15%             | 2031-05-06      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| American Residential 7/25 TLB                      | American Residential 7/25 TLB                      | CUSIP: 02927HAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    398000 | PA      | $399492.50    | 0.10%             | 2032-02-02      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Signia Aerospace 7/25 Cov-Lite TL                  | Signia Aerospace 7/25 Cov-Lite TL                  | CUSIP: 82670NAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3076605 | PA      | $3084296.66   | 0.76%             | 2031-12-11      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Signia Aerospace 7/25 Cov-Lite Delayed TL          | Signia Aerospace 7/25 Cov-Lite Delayed TL          | CUSIP: 82670NAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149596 | PA      | $149969.94    | 0.04%             | 2031-12-11      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Amneal Pharmaceuticals 7/25 TLB                    | Amneal Pharmaceuticals 7/25 TLB                    | CUSIP: 03167DAR5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2927801 | PA      | $2949759.15   | 0.72%             | 2032-08-01      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Sovos Compliance 7/25 Cov-Lite TLB                 | Sovos Compliance 7/25 Cov-Lite TLB                 | CUSIP: 84611YAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    747500 | PA      | $749196.83    | 0.18%             | 2029-08-13      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Berlin Packaging 7/25 TL                           | Berlin Packaging 7/25 TL                           | CUSIP: 08511LBD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    751332 | PA      | $752789.85    | 0.18%             | 2031-06-09      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| SciQuest/Jaggaer 7/25 Cov-Lite TL                  | SciQuest/Jaggaer 7/25 Cov-Lite TL                  | CUSIP: 47189BAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1551688 | PA      | $1555241.59   | 0.38%             | 2031-12-05      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare 7/25 Cov-Lite TLB                   | CHG Healthcare 7/25 Cov-Lite TLB                   | CUSIP: 12541HAX1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1119122 | PA      | $1123822.15   | 0.28%             | 2028-09-29      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| K-Mac 7/25 Cov-Lite TL                             | K-Mac 7/25 Cov-Lite TL                             | CUSIP: 55304PAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    379547 | PA      | $381873.25    | 0.09%             | 2028-07-21      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Digicel 7/25 TLB                                   | Digicel 7/25 TLB                                   | CUSIP: G2761UAC5<br>LEI: N/A                  | Long             | LON              | CORP              | JM        |   2000000 | PA      | $1992860.00   | 0.49%             | 2032-08-06      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| Hightower 7/25 Cov-Lite TLB                        | Hightower 7/25 Cov-Lite TLB                        | CUSIP: 43117LAP8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1573692 | PA      | $1574683.69   | 0.39%             | 2032-02-03      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| SPX Flow 7/25 Cov-Lite TL                          | SPX Flow 7/25 Cov-Lite TL                          | CUSIP: 78470DAW8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1997847 | PA      | $2001782.60   | 0.49%             | 2029-04-05      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Disco Parent/Duck Creek 7/25 Cov-Lite TLB          | Disco Parent/Duck Creek 7/25 Cov-Lite TLB          | CUSIP: 25461GAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94529 | PA      | $95002.02     | 0.02%             | 2032-08-06      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| McDermott International/Lummus 7/25 Cov-Lite TLB   | McDermott International/Lummus 7/25 Cov-Lite TLB   | CUSIP: 45232UAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1818122 | PA      | $1818776.81   | 0.45%             | 2029-12-31      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Wash Multifamily 8/25 TLB                          | Wash Multifamily 8/25 TLB                          | CUSIP: 93710RAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    547702 | PA      | $551810.26    | 0.14%             | 2032-09-10      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Hyperion Insurance/Howden 8/25 TLB                 | Hyperion Insurance/Howden 8/25 TLB                 | CUSIP: G4712JBB7<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   2986667 | PA      | $2991535.19   | 0.73%             | 2031-02-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Conservice 7/25 Cov-Lite TL                        | Conservice 7/25 Cov-Lite TL                        | CUSIP: 20848PAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1994376 | PA      | $1996250.44   | 0.49%             | 2030-05-13      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Universal Services 8/25 (USD) Cov-Lite TLB         | Universal Services 8/25 (USD) Cov-Lite TLB         | CUSIP: 01957TAX5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3432496 | PA      | $3448114.06   | 0.85%             | 2032-08-20      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Liftoff Mobile/Vungle 7/25 TLB                     | Liftoff Mobile/Vungle 7/25 TLB                     | CUSIP: 57165KAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    466399 | PA      | $466837.11    | 0.11%             | 2032-09-08      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| Promontory/IntraFi Network 7/25 Incremental TL     | Promontory/IntraFi Network 7/25 Incremental TL     | CUSIP: 65343UAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    516989 | PA      | $512574.07    | 0.13%             | 2031-07-31      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| Belfor 8/25 TLB                                    | Belfor 8/25 TLB                                    | CUSIP: 07768YAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1198261 | PA      | $1202754.34   | 0.30%             | 2030-11-01      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Astro Acquisition/Cooper Mach 8/25 Cov-Lite TLB    | Astro Acquisition/Cooper Mach 8/25 Cov-Lite TLB    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    371675 | PA      | $373998.41    | 0.09%             | 2032-08-30      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Rent-A-Center/Upbound Group 8/25 TLB               | Rent-A-Center/Upbound Group 8/25 TLB               | CUSIP: 76009WAX8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    822241 | PA      | $826352.05    | 0.20%             | 2032-08-13      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Precision Medicine 8/25 Cov-Lite TLB               | Precision Medicine 8/25 Cov-Lite TLB               | CUSIP: 74028HAG0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1371279 | PA      | $1378135.58   | 0.34%             | 2032-08-20      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| TransDigm 8/25 Cov-Lite TLM                        | TransDigm 8/25 Cov-Lite TLM                        | CUSIP: 89364MCE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    170310 | PA      | $170984.39    | 0.04%             | 2032-08-19      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Sabre Industries 8/25 Cov-Lite TLB                 | Sabre Industries 8/25 Cov-Lite TLB                 | CUSIP: 88675UAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    346381 | PA      | $347246.96    | 0.09%             | 2032-08-23      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Instructure/Icon Parent 8/25 Cov-Lite TL           | Instructure/Icon Parent 8/25 Cov-Lite TL           | CUSIP: 45115DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    661944 | PA      | $662691.53    | 0.16%             | 2031-11-13      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| Summit Behavioral 8/25 First Out TL                | Summit Behavioral 8/25 First Out TL                | CUSIP: 86602KAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    177865 | PA      | $182014.91    | 0.04%             | 2029-12-31      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| Summit Behavioral 8/25 Second Out TL               | Summit Behavioral 8/25 Second Out TL               | CUSIP: 86602KAJ5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1045405 | PA      | $901661.65    | 0.22%             | 2029-12-31      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Air Medical 9/25 TLB                               | Air Medical 9/25 TLB                               | CUSIP: 37956SAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1754189 | PA      | $1764134.92   | 0.43%             | 2032-10-01      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Level 3 9/25 Cov-Lite TLB4                         | Level 3 9/25 Cov-Lite TLB4                         | CUSIP: 52729KAU0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    478743 | PA      | $479820.12    | 0.12%             | 2032-03-29      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| South Field Energy 9/25 TLB                        | South Field Energy 9/25 TLB                        | CUSIP: 83783XAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1331157 | PA      | $1339476.93   | 0.33%             | 2031-08-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| South Field Energy 9/25 TLC                        | South Field Energy 9/25 TLC                        | CUSIP: 83783XAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     80220 | PA      | $80720.96     | 0.02%             | 2031-08-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Summit Companies 9/25 Cov-Lite TL                  | Summit Companies 9/25 Cov-Lite TL                  | CUSIP: 72349UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    381595 | PA      | $382789.55    | 0.09%             | 2032-10-01      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| Summit Companies 9/25 Cov-Lite Delayed TL          | Summit Companies 9/25 Cov-Lite Delayed TL          | CUSIP: 72349UAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     73384 | PA      | $73613.37     | 0.02%             | 2032-10-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ring Container 9/25 Cov-Lite TLB                   | Ring Container 9/25 Cov-Lite TLB                   | CUSIP: 76680YAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    222918 | PA      | $223424.19    | 0.05%             | 2032-09-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Avalara 9/25 Cov-Lite TL                           | Avalara 9/25 Cov-Lite TL                           | CUSIP: 05338KAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1086688 | PA      | $1090611.38   | 0.27%             | 2032-03-26      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Baldwin Insurance 9/25 Cov-Lite TLB2               | Baldwin Insurance 9/25 Cov-Lite TLB2               | CUSIP: 05825HAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2674950 | PA      | $2666042.33   | 0.65%             | 2031-05-26      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Sharp 9/25 TLB                                     | Sharp 9/25 TLB                                     | CUSIP: 81989LAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    736501 | PA      | $738342.20    | 0.18%             | 2032-09-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Fairbanks Morse 9/25 TL                            | Fairbanks Morse 9/25 TL                            | CUSIP: 03960DAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    860050 | PA      | $862467.08    | 0.21%             | 2030-06-23      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Weber-Stephen 9/25 TLB                             | Weber-Stephen 9/25 TLB                             | CUSIP: 94767KAR2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    653388 | PA      | $653714.37    | 0.16%             | 2032-10-01      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| Deep Blue 9/25 TL                                  | Deep Blue 9/25 TL                                  | CUSIP: 24369TAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199180 | PA      | $199635.94    | 0.05%             | 2032-10-01      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| Nord Security 9/25 Cov-Lite TLB                    | Nord Security 9/25 Cov-Lite TLB                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    245613 | PA      | $244922.68    | 0.06%             | 2032-10-08      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| Varsity Brands 9/25 Cov-Lite TL                    | Varsity Brands 9/25 Cov-Lite TL                    | CUSIP: 92227QAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2316653 | PA      | $2323903.65   | 0.57%             | 2031-08-26      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Bowlmor AMF/Bowlero/Lucky Strike 9/25 Cov-Lite TLB | Bowlmor AMF/Bowlero/Lucky Strike 9/25 Cov-Lite TLB | CUSIP: 49579GAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1512702 | PA      | $1478666.24   | 0.36%             | 2032-09-22      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Tacala 9/25 TLB                                    | Tacala 9/25 TLB                                    | CUSIP: 87339PAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    310864 | PA      | $312750.84    | 0.08%             | 2031-01-31      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| VFS Global/Speed Midco 9/25 (USD) Cov-Lite TLB     | VFS Global/Speed Midco 9/25 (USD) Cov-Lite TLB     | CUSIP: L9002RAB2<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    278456 | PA      | $279499.79    | 0.07%             | 2032-10-07      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| M6 Midstream 9/25 TLB                              | M6 Midstream 9/25 TLB                              | CUSIP: 55285DAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    234696 | PA      | $235785.09    | 0.06%             | 2032-04-01      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Entrata 9/25 TL                                    | Entrata 9/25 TL                                    | CUSIP: 29387PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     57889 | PA      | $58178.40     | 0.01%             | 2032-09-30      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| BIFM/Brookfield Global/BGIS 9/25 Cov-Lite TLB      | BIFM/Brookfield Global/BGIS 9/25 Cov-Lite TLB      | CUSIP: G0757GAH5<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    516751 | PA      | $519763.62    | 0.13%             | 2028-05-31      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Openlane 10/25 Cov-Lite TLB                        | Openlane 10/25 Cov-Lite TLB                        | CUSIP: 68373AAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    229652 | PA      | $229509.75    | 0.06%             | 2032-10-08      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Blackfin Pipeline 10/25 Cov-Lite TLB               | Blackfin Pipeline 10/25 Cov-Lite TLB               | CUSIP: 09231PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    367647 | PA      | $367952.28    | 0.09%             | 2032-09-29      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| EP Wealth Advisors 10/25 Cov-Lite TLB              | EP Wealth Advisors 10/25 Cov-Lite TLB              | CUSIP: 29416NAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    164625 | PA      | $165036.98    | 0.04%             | 2032-10-18      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Dayforce 10/25 TLB                                 | Dayforce 10/25 TLB                                 | CUSIP: 23923YAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500487 | PA      | $1495130.74   | 0.37%             | 2032-08-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Trace3 10/25 TLB                                   | Trace3 10/25 TLB                                   | CUSIP: 89668VAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    838578 | PA      | $839978.86    | 0.21%             | 2032-10-29      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Trace3 10/25 TL                                    | Trace3 10/25 TL                                    | CUSIP: 89668VAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     88271 | PA      | $88418.82     | 0.02%             | 2032-10-29      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CPV Fairview 9/25 TL                               | CPV Fairview 9/25 TL                               | CUSIP: 12620SAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    173223 | PA      | $173818.51    | 0.04%             | 2031-08-14      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| NFP Wealth 10/25 TL                                | NFP Wealth 10/25 TL                                | CUSIP: 16825PAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    471646 | PA      | $472235.26    | 0.12%             | 2032-10-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| NFP Wealth 10/25 Delayed TL                        | NFP Wealth 10/25 Delayed TL                        | CUSIP: 16825PAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     70046 | PA      | $70133.95     | 0.02%             | 2032-10-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Numericable / YPSO / Altice 10/25 (USD) New B14 TL | Numericable / YPSO / Altice 10/25 (USD) New B14 TL | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |    840362 | PA      | $839135.25    | 0.21%             | 2031-05-31      | Floating      | 10.86%                | No            |                  2 | On Loan: No      |
| ALTICE FRANCE LUX 3                                | ALTICE FRANCE LUX 3                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |     10709 | NS      | $192868.02    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Arnott 10/25 Cov-Lite TLB                          | Arnott 10/25 Cov-Lite TLB                          | CUSIP: 83300QAB1<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |    319016 | PA      | $320610.69    | 0.08%             | 2032-10-29      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Pro Mach 10/25 Cov-Lite TLB                        | Pro Mach 10/25 Cov-Lite TLB                        | CUSIP: 74273JAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    655701 | PA      | $659647.90    | 0.16%             | 2032-10-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| CoorsTek 10/25 Cov-Lite TLB                        | CoorsTek 10/25 Cov-Lite TLB                        | CUSIP: 21702EAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    218592 | PA      | $220095.65    | 0.05%             | 2032-10-28      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Madison IAQ/Madison Air 10/25 TL                   | Madison IAQ/Madison Air 10/25 TL                   | CUSIP: 55759VAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    588601 | PA      | $591808.54    | 0.15%             | 2032-11-08      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Hunterstown 10/25 TL                               | Hunterstown 10/25 TL                               | CUSIP: 44579UAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    465571 | PA      | $465571.12    | 0.11%             | 2031-11-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Cube Industrials/Circor 10/25 Cov-Lite TLB         | Cube Industrials/Circor 10/25 Cov-Lite TLB         | CUSIP: 22971EAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    795960 | PA      | $800600.16    | 0.20%             | 2031-10-17      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Barnes Industrial 10/25 Cov-Lite TLB               | Barnes Industrial 10/25 Cov-Lite TLB               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    683270 | PA      | $681562.32    | 0.17%             | 2032-10-22      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| IPS/CP Iris 10/25 Cov-Lite TL                      | IPS/CP Iris 10/25 Cov-Lite TL                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    739355 | PA      | $733499.76    | 0.18%             | 2032-10-27      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| IPS/CP Iris 10/25 Cov-Lite Delayed TL              | IPS/CP Iris 10/25 Cov-Lite Delayed TL              | CUSIP: 12659EAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     91278 | PA      | $90555.48     | 0.02%             | 2032-10-27      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Opella 10/25 (USD) Cov-Lite TL                     | Opella 10/25 (USD) Cov-Lite TL                     | CUSIP: F7000QAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1842955 | PA      | $1852740.63   | 0.46%             | 2032-04-28      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Shermco/Pioneer Acquisitionco 10/25 Cov-Lite TL    | Shermco/Pioneer Acquisitionco 10/25 Cov-Lite TL    | CUSIP: 72353SAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    162098 | PA      | $162706.05    | 0.04%             | 2032-10-27      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| National Intergov Purch/Omnia 10/25 2nd Lien TL    | National Intergov Purch/Omnia 10/25 2nd Lien TL    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    541500 | PA      | $540146.25    | 0.13%             | 2032-05-31      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| Hobbs & Assoc./Air Control 10/25 Add-on Delayed TL | Hobbs & Assoc./Air Control 10/25 Add-on Delayed TL | CUSIP: 43385CAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     12064 | PA      | $12033.77     | 0.00%             | 2031-07-23      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ping Identity 10/25 Cov-Lite TL                    | Ping Identity 10/25 Cov-Lite TL                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    524323 | PA      | $524978.35    | 0.13%             | 2032-11-15      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| Allwyn 11/25 Cov-Lite TLB                          | Allwyn 11/25 Cov-Lite TLB                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    899864 | PA      | $881866.99    | 0.22%             | 2032-11-24      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ryan 11/25 Cov-Lite TLB                            | Ryan 11/25 Cov-Lite TLB                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2161017 | PA      | $2130395.02   | 0.52%             | 2032-11-05      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Anticimex 10/25 Cov-Lite TL                        | Anticimex 10/25 Cov-Lite TL                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | SE        |    507410 | PA      | $509313.20    | 0.13%             | 2031-11-17      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Equiniti Group/Orbit Private 11/25 Cov-Lite TL     | Equiniti Group/Orbit Private 11/25 Cov-Lite TL     | CUSIP: 04225VAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1030792 | PA      | $1034338.13   | 0.25%             | 2031-12-11      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Liberty Tire 11/25 Cov-Lite TL                     | Liberty Tire 11/25 Cov-Lite TL                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    453191 | PA      | $453191.12    | 0.11%             | 2032-12-17      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Genmab 11/25 Cov-Lite TLB                          | Genmab 11/25 Cov-Lite TLB                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |    626794 | PA      | $629539.20    | 0.15%             | 2032-12-12      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| ITP Aero 11/25 TL                                  | ITP Aero 11/25 TL                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    295593 | PA      | $296849.04    | 0.07%             | 2032-12-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| United Talent 11/25 Cov-Lite TLB                   | United Talent 11/25 Cov-Lite TLB                   | CUSIP: 91301QAP2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1410976 | PA      | $1419794.98   | 0.35%             | 2032-06-10      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Pye-Barker 12/25 Cov-Lite TL                       | Pye-Barker 12/25 Cov-Lite TL                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    571533 | PA      | $574865.05    | 0.14%             | 2032-12-16      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Pye-Barker 12/25 Cov-Lite Delayed TL               | Pye-Barker 12/25 Cov-Lite Delayed TL               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     85401 | PA      | $85899.37     | 0.02%             | 2032-12-09      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyperion Insurance/Howden 12/25 (USD) TLB          | Hyperion Insurance/Howden 12/25 (USD) TLB          | CUSIP: G4712JBD3<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    437887 | PA      | $438710.41    | 0.11%             | 2030-04-18      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| Parexel International 12/25 Cov-Lite TLB           | Parexel International 12/25 Cov-Lite TLB           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    401832 | PA      | $402921.27    | 0.10%             | 2031-12-12      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| MSOF Beacon/Potters Industries 12/25 Cov-Lite TLB  | MSOF Beacon/Potters Industries 12/25 Cov-Lite TLB  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    125451 | PA      | $125921.38    | 0.03%             | 2032-12-09      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Individual Foodservice 12/25 Cov-Lite TLB          | Individual Foodservice 12/25 Cov-Lite TLB          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    743832 | PA      | $735151.24    | 0.18%             | 2032-12-29      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| National Mentor/Civitas/Sevita 12/25 TLB           | National Mentor/Civitas/Sevita 12/25 TLB           | CUSIP: 63689EAX3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    385740 | PA      | $385983.38    | 0.09%             | 2030-12-12      | Floating      | 9.72%                 | No            |                  2 | On Loan: No      |
| National Mentor/Civitas/Sevita 12/25 Delayed TL    | National Mentor/Civitas/Sevita 12/25 Delayed TL    | CUSIP: 63689EAY1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    165317 | PA      | $165421.45    | 0.04%             | 2030-12-05      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Carroll County 12/25 TL                            | Carroll County 12/25 TL                            | CUSIP: 14474FBB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    667167 | PA      | $669668.70    | 0.16%             | 2031-06-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Par Petroleum/Par Pacific 12/25 Cov-Lite TLB       | Par Petroleum/Par Pacific 12/25 Cov-Lite TLB       | CUSIP: 69889PAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    500000 | PA      | $501460.00    | 0.12%             | 2030-02-28      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Sabre 12/25 TLB1                                   | Sabre 12/25 TLB1                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    247981 | PA      | $220702.92    | 0.05%             | 2029-07-30      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| Sabre 12/25 11th Amendment TLB2                    | Sabre 12/25 11th Amendment TLB2                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    148722 | PA      | $132362.52    | 0.03%             | 2029-07-30      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| Newfold Digital 12/25 New Money TLA                | Newfold Digital 12/25 New Money TLA                | CUSIP: 65131PAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     31493 | PA      | $29366.94     | 0.01%             | 2029-04-30      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Bending Spoons 12/25 Incremental TL                | Bending Spoons 12/25 Incremental TL                | CUSIP: 08167PAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    246568 | PA      | $238554.42    | 0.06%             | 2031-03-07      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Newfold Digital 12/25 FLSO Initial Tranche B TL    | Newfold Digital 12/25 FLSO Initial Tranche B TL    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     94281 | PA      | $59239.37     | 0.01%             | 2029-04-30      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Newfold Digital 12/25 FLFO Initial Tranche A TL    | Newfold Digital 12/25 FLFO Initial Tranche A TL    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    284257 | PA      | $236644.00    | 0.06%             | 2029-04-30      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** XAI OCTAGON FLOATING RATE & ALTERNATIVE INCOME TRUST

**Signature:** Derek Mullins

**Name of Signer:** Derek Mullins

**Title:** Principal Financial Officer