# EDGAR Filing Document

**Accession Number:** 0001562818
**File Stem:** 0001410368-26-054516
**Filing Date:** 2026-5
**Character Count:** 1108188
**Document Hash:** 1b533f7ce7cf46de53a027e51e3be25b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-054516.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-054516

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Multi-Sector Income Trust
- **CENTRAL INDEX KEY:** 0001562818

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22774
- **FILM NUMBER:** 261030924

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809-3700
- **BUSINESS PHONE:** 800-882-0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809-3700

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Fixed Income Strategic Opportunities
- **DATE OF NAME CHANGE:** 20121126

## Nport-Ex

March 31, 2026

2026 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**BlackRock Multi-Sector Income Trust (BIT)**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| &nbsp;&nbsp;&nbsp; AGL Core CLO Ltd., Series 2019-2A, Class A1R, (3-mo. <br> CME Term SOFR + 1.46%), 5.13%, 07/20/37<sup>(a)(b)</sup><br>| USD | 1626 | &nbsp;&nbsp; $1626485 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO Ltd., Series 2018-BA, Class CRR, (3-mo. <br> CME Term SOFR + 2.40%), 6.07%, 04/16/37<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 500000 |
| Anchorage Capital CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-7A, Class AR3, (3-mo. CME Term SOFR <br> + 1.56%), 5.23%, 04/28/37<br>|  | 919 | &nbsp;&nbsp; 919447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-7A, Class DR3, (3-mo. CME Term SOFR <br> + 3.80%), 7.47%, 04/28/37<br>|  | 250 | &nbsp;&nbsp; 244532 |
| Apidos CLO XVIII-R<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-18A, Class A1R2, (3-mo. CME Term <br> SOFR + 1.33%), 5.00%, 01/22/38<br>|  | 1450 | &nbsp;&nbsp; 1450328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-18A, Class BR2, (3-mo. CME Term <br> SOFR + 1.70%), 5.37%, 01/22/38<br>|  | 870 | &nbsp;&nbsp; 870899 |
| &nbsp;&nbsp;&nbsp; Argent Securities Trust, Series 2006-W5, Class A1, <br> (1 mo. Term SOFR + 0.41%), 4.09%, 06/25/36<sup>(a)</sup><br>|  | 3471 | &nbsp;&nbsp; 2296727 |
| &nbsp;&nbsp;&nbsp; Atrium XV, Series 15A, Class D1R, (3-mo. CME Term <br> SOFR + 3.30%), 6.97%, 07/16/37<sup>(a)(b)</sup><br>|  | 550 | &nbsp;&nbsp; 531278 |
| Ballyrock CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-28A, Class A2, (3-mo. CME Term SOFR <br> + 1.70%), 5.37%, 01/20/38<br>|  | 250 | &nbsp;&nbsp; 250428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-30A, Class C1, (3-mo. CME Term SOFR <br> + 2.85%), 6.52%, 10/25/38<br>|  | 1000 | &nbsp;&nbsp; 989920 |
| &nbsp;&nbsp;&nbsp; Bear Stearns Asset-Backed Securities I Trust, <br> Series 2006-HE9, Class 2A, (1 mo. Term SOFR + <br> 0.39%), 4.07%, 11/25/36<sup>(a)</sup><br>|  | 422 | &nbsp;&nbsp; 417844 |
| &nbsp;&nbsp;&nbsp; BlueMountain CLO Ltd., Series 2018-3A, Class A1R, <br> (3-mo. CME Term SOFR + 1.19%), 4.86%, <br> 10/25/30<sup>(a)(b)</sup><br>|  | 219 | &nbsp;&nbsp; 218365 |
| &nbsp;&nbsp;&nbsp; Bryant Park Funding Ltd., Series 2024-22A, Class C, <br> (3-mo. CME Term SOFR + 2.60%), 6.27%, <br> 04/15/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1001021 |
| &nbsp;&nbsp;&nbsp; Buckhorn Park CLO Ltd., Series 2019-1A, Class ARR, <br> (3-mo. CME Term SOFR + 1.07%), 4.74%, <br> 07/18/34<sup>(a)(b)</sup><br>|  | 2500 | &nbsp;&nbsp; 2496431 |
| &nbsp;&nbsp;&nbsp; Carlyle US CLO Ltd., Series 2026-2A, Class D, <br> 04/20/39<sup>(a)(b)(c)</sup><br>|  | 600 | &nbsp;&nbsp; 600000 |
| Carrington Mortgage Loan Trust<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-FRE2, Class A2, (1 mo. Term SOFR + <br> 0.23%), 3.91%, 10/25/36<br>|  | 2366 | &nbsp;&nbsp; 1923959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-FRE2, Class A5, (1 mo. Term SOFR + <br> 0.19%), 3.87%, 03/25/35<sup>(d)</sup><br>|  | 4874 | &nbsp;&nbsp; 3958562 |
| &nbsp;&nbsp;&nbsp; CarVal CLO II Ltd., Series 2019-1A, Class AR2, (3-mo. <br> CME Term SOFR + 1.02%), 4.69%, 04/20/32<sup>(a)(b)</sup><br>|  | 838 | &nbsp;&nbsp; 836674 |
| &nbsp;&nbsp;&nbsp; C-BASS Trust, Series 2006-CB7, Class A4, (1 mo. Term <br> SOFR + 0.43%), 4.11%, 10/25/36<sup>(a)</sup><br>|  | 3410 | &nbsp;&nbsp; 2387892 |
| CIFC Funding Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class CRR, (3-mo. CME Term <br> SOFR + 2.45%), 6.12%, 04/21/37<br>|  | 700 | &nbsp;&nbsp; 700688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class A1R, (3-mo. CME Term SOFR <br> + 1.32%), 4.99%, 01/18/38<br>|  | 1160 | &nbsp;&nbsp; 1160343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class BR, (3-mo. CME Term SOFR <br> + 1.70%), 5.37%, 01/18/38<br>|  | 1450 | &nbsp;&nbsp; 1449116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1A, Class DR, (3-mo. CME Term SOFR <br> + 3.36%), 7.03%, 07/15/36<br>|  | 500 | &nbsp;&nbsp; 491244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-7A, Class ER, (3-mo. CME Term SOFR <br> + 5.35%), 9.02%, 01/22/38<br>|  | 500 | &nbsp;&nbsp; 489930 |
| &nbsp;&nbsp;&nbsp; Citigroup Mortgage Loan Trust, Series 2006-FX1, <br> Class A7, 7.28%, 10/25/36<br>|  | 286 | &nbsp;&nbsp; 162867 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer II LLC, Series 2025-2A, <br> Class A1, 4.93%, 11/25/50<sup>(b)</sup><br>|  | 363 | &nbsp;&nbsp; 357261 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; Concord Music Royalties LLC, Series 2024-1A, Class A, <br> 5.64%, 10/20/74<sup>(b)</sup><br>| USD | 171 | &nbsp;&nbsp; $171663 |
| &nbsp;&nbsp;&nbsp; Consolidated Communications LLC/Fidium Fiber <br> Finance Holdco LLC, Series 2025-4A, Class B, <br> 5.77%, 12/20/55<sup>(b)</sup><br>|  | 750 | &nbsp;&nbsp; 752877 |
| &nbsp;&nbsp;&nbsp; CWABS Asset-Backed Certificates Trust, Series 2006-<br> 26, Class 1A, (1 mo. Term SOFR + 0.39%), 4.07%, <br> 06/25/37<sup>(a)</sup><br>|  | 391 | &nbsp;&nbsp; 366216 |
| &nbsp;&nbsp;&nbsp; CWHEQ Revolving Home Equity Loan Trust, <br> Series 2006-I, Class 1A, (1 mo. Term SOFR + <br> 0.25%), 3.93%, 01/15/37<sup>(a)</sup><br>|  | 247 | &nbsp;&nbsp; 240245 |
| &nbsp;&nbsp;&nbsp; DB Master Finance LLC, Series 2025-1A, Class A2I, <br> 4.89%, 08/20/55<sup>(b)</sup><br>|  | 508 | &nbsp;&nbsp; 502890 |
| &nbsp;&nbsp;&nbsp; Dryden Clo Ltd., Series 2018-61A, Class DR, (3-mo. <br> CME Term SOFR + 3.36%), 7.03%, 01/17/32<sup>(a)(b)</sup><br>|  | 595 | &nbsp;&nbsp; 595001 |
| &nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, Series 2015-37A, Class AR, <br> (3-mo. CME Term SOFR + 1.36%), 5.03%, <br> 01/15/31<sup>(a)(b)</sup><br>|  | 29 | &nbsp;&nbsp; 28694 |
| &nbsp;&nbsp;&nbsp; FirstKey Homes Trust, Series 2022-SFR1, Class E1, <br> 5.00%, 05/19/39<sup>(b)(d)</sup><br>|  | 3800 | &nbsp;&nbsp; 3755303 |
| Fremont Home Loan Trust<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-A, Class 2A3, (1 mo. Term SOFR + <br> 0.43%), 4.11%, 05/25/36<br>|  | 3707 | &nbsp;&nbsp; 2430803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-D, Class 2A3, (1 mo. Term SOFR + <br> 0.41%), 4.09%, 11/25/36<br>|  | 5704 | &nbsp;&nbsp; 1971496 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO Ltd., <br> Series 2021-11A, Class AR, (3-mo. CME Term SOFR <br> + 1.08%), 4.75%, 10/20/34<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 249494 |
| GoodLeap Home Improvement Solutions Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 6.27%, 02/20/49 |  | 172 | &nbsp;&nbsp; 175065 |
| &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A, 5.00%, 10/20/49 |  | 118 | &nbsp;&nbsp; 117682 |
| &nbsp;&nbsp;&nbsp; GreenSky Home Improvement Issuer Trust, <br> Series 2024-2, Class C, 5.55%, 10/27/59<sup>(b)</sup><br>|  | 86 | &nbsp;&nbsp; 86484 |
| &nbsp;&nbsp;&nbsp; Home Equity Mortgage Loan Asset-Backed Trust, <br> Series 2006-E, Class 2A3, (1 mo. Term SOFR + <br> 0.45%), 4.13%, 04/25/37<sup>(a)</sup><br>|  | 2836 | &nbsp;&nbsp; 1995097 |
| &nbsp;&nbsp;&nbsp; Long Beach Mortgage Loan Trust, Series 2006-7, <br> Class 2A3, (1 mo. Term SOFR + 0.43%), 4.11%, <br> 08/25/36<sup>(a)</sup><br>|  | 4582 | &nbsp;&nbsp; 1795285 |
| &nbsp;&nbsp;&nbsp; Lyra Music Assets Delaware LP, Series 2025-1A, <br> Class A2, 5.60%, 09/20/65<sup>(b)</sup><br>|  | 183 | &nbsp;&nbsp; 184482 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LIX Ltd., Series 2021-59A, <br> Class A1R, (3-mo. CME Term SOFR + 1.50%), <br> 5.17%, 04/18/37<sup>(a)(b)</sup><br>|  | 1450 | &nbsp;&nbsp; 1450635 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXX Ltd., Series 2018-30A, <br> Class BR, (3-mo. CME Term SOFR + 1.75%), 5.42%, <br> 07/16/37<sup>(a)(b)</sup><br>|  | 300 | &nbsp;&nbsp; 300345 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXVII Ltd., Series 2019-37A, <br> Class BR2, (3-mo. CME Term SOFR + 1.95%), <br> 5.62%, 04/15/37<sup>(a)(b)</sup><br>|  | 875 | &nbsp;&nbsp; 875220 |
| &nbsp;&nbsp;&nbsp; Mariner Finance Issuance Trust, Series 2024-AA, <br> Class E, 9.02%, 09/22/36<sup>(b)</sup><br>|  | 470 | &nbsp;&nbsp; 481377 |
| &nbsp;&nbsp;&nbsp; Mastr Asset Backed Securities Trust, Series 2006-HE2, <br> Class A3, (1 mo. Term SOFR + 0.41%), 4.09%, <br> 06/25/36<sup>(a)</sup><br>|  | 6469 | &nbsp;&nbsp; 2108704 |
| &nbsp;&nbsp;&nbsp; Navient Education Loan Trust, Series 2025-A, Class B, <br> 5.32%, 07/15/55<sup>(b)</sup><br>|  | 667 | &nbsp;&nbsp; 669932 |
| &nbsp;&nbsp;&nbsp; Navient Student Loan Trust, Series 2019-BA, <br> Class A2A, 3.39%, 12/15/59<sup>(b)</sup><br>|  | 100 | &nbsp;&nbsp; 98639 |
| &nbsp;&nbsp;&nbsp; Nelnet Student Loan Trust, Series 2025-BA, Class D, <br> 6.04%, 05/17/55<sup>(b)</sup><br>|  | 192 | &nbsp;&nbsp; 188861 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers CLO Ltd., <br> Series 2021-46A, Class BR, (3-mo. CME Term SOFR <br> + 1.50%), 5.17%, 01/20/37<sup>(a)(b)</sup><br>| USD | 250 | &nbsp;&nbsp; $249942 |
| OCP CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-13A, Class AR2, (3-mo. CME Term <br> SOFR + 1.34%), 5.01%, 11/26/37<br>|  | 590 | &nbsp;&nbsp; 590286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-38A, Class A, (3-mo. CME Term SOFR + <br> 1.33%), 5.00%, 01/21/38<br>|  | 1000 | &nbsp;&nbsp; 1000014 |
| &nbsp;&nbsp;&nbsp; Octagon Investment Partners XVII Ltd., Series 2013-1A, <br> Class BR2, (3-mo. CME Term SOFR + 1.66%), <br> 5.33%, 01/25/31<sup>(a)(b)</sup><br>|  | 83 | &nbsp;&nbsp; 82490 |
| &nbsp;&nbsp;&nbsp; Octagon Investment Partners XXII Ltd., Series 2014-1A, <br> Class DRR, (3-mo. CME Term SOFR + 3.01%), <br> 6.68%, 01/22/30<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 499356 |
| &nbsp;&nbsp;&nbsp; Octagon Ltd., Series 2021-1A, Class A1R, (3-mo. CME <br> Term SOFR + 1.26%), 4.93%, 03/20/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 999210 |
| &nbsp;&nbsp;&nbsp; Palmer Square CLO Ltd., Series 2024-4A, Class B, <br> (3-mo. CME Term SOFR + 1.65%), 5.32%, <br> 01/15/38<sup>(a)(b)</sup><br>|  | 810 | &nbsp;&nbsp; 809417 |
| Park Blue CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-15A, Class AR, (3-mo. CME Term SOFR <br> + 1.22%), 4.89%, 10/20/38<br>|  | 1000 | &nbsp;&nbsp; 999277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-9A, Class C, (3-mo. CME Term SOFR + <br> 2.00%), 6.08%, 10/20/38<br>|  | 500 | &nbsp;&nbsp; 501444 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO Ltd., Series 2020-6A, Class DRR, (3-<br> mo. CME Term SOFR + 2.50%), 6.16%, <br> 05/18/34<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 238763 |
| &nbsp;&nbsp;&nbsp; Planet Fitness Master Issuer LLC, Series 2025-1A, <br> Class A2II, 5.65%, 12/06/55<sup>(b)</sup><br>|  | 228 | &nbsp;&nbsp; 225089 |
| QTS Issuer ABS II LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2026-1A, Class A2, 5.36%, 01/05/56 |  | 148 | &nbsp;&nbsp; 144642 |
| &nbsp;&nbsp;&nbsp; Series 2026-1A, Class B, 6.73%, 01/05/56 |  | 229 | &nbsp;&nbsp; 226643 |
| &nbsp;&nbsp;&nbsp; Regatta 30 Funding Ltd., Series 2024-4A, Class B, (3-<br> mo. CME Term SOFR + 1.65%), 5.32%, <br> 01/25/38<sup>(a)(b)</sup><br>|  | 1700 | &nbsp;&nbsp; 1698742 |
| &nbsp;&nbsp;&nbsp; Regatta XVIII Funding Ltd., Series 2021-1A, Class BR, <br> (3-mo. CME Term SOFR + 1.55%), 5.22%, <br> 04/15/38<sup>(a)(b)</sup><br>|  | 850 | &nbsp;&nbsp; 846191 |
| &nbsp;&nbsp;&nbsp; Regional Management Issuance Trust, Series 2021-3, <br> Class A, 3.88%, 10/17/33<sup>(e)</sup><br>|  | 1110 | &nbsp;&nbsp; 1090575 |
| &nbsp;&nbsp;&nbsp; Renaissance Home Equity Loan Trust, Series 2007-3, <br> Class AF2, 7.00%, 09/25/37<br>|  | 3427 | &nbsp;&nbsp; 1293912 |
| &nbsp;&nbsp;&nbsp; Republic Finance Issuance Trust, Series 2025-A, <br> Class A, 4.59%, 11/20/34<sup>(b)</sup><br>|  | 1015 | &nbsp;&nbsp; 1010501 |
| &nbsp;&nbsp;&nbsp; Rockford Tower CLO Ltd., Series 2021-3A, Class A1R, <br> (3-mo. CME Term SOFR + 1.40%), 5.07%, <br> 01/15/38<sup>(a)(b)</sup><br>|  | 1914 | &nbsp;&nbsp; 1914962 |
| &nbsp;&nbsp;&nbsp; RR Ltd., Series 2022-24A, Class A2R2, (3-mo. CME <br> Term SOFR + 1.70%), 5.37%, 01/15/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1001026 |
| &nbsp;&nbsp;&nbsp; Sagard-Halseypoint CLO Ltd., Series 2025-10A, <br> Class A1, (3-mo. CME Term SOFR + 1.35%), 5.02%, <br> 10/20/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1000864 |
| &nbsp;&nbsp;&nbsp; Service Experts Issuer LLC, Series 2024-1A, Class A, <br> 6.39%, 11/20/35<sup>(b)</sup><br>|  | 148 | &nbsp;&nbsp; 151302 |
| &nbsp;&nbsp;&nbsp; SMB Private Education Loan Trust, Series 2021-A, <br> Class B, 2.31%, 01/15/53<sup>(b)</sup><br>|  | 78 | &nbsp;&nbsp; 76560 |
| Sofi Consumer Loan Program Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2026-B, Class A, 4.40%, 02/25/36 |  | 158 | &nbsp;&nbsp; 157986 |
| &nbsp;&nbsp;&nbsp; Series 2026-B, Class B, 4.90%, 02/25/36 |  | 166 | &nbsp;&nbsp; 165820 |
| &nbsp;&nbsp;&nbsp; Series 2026-B, Class C, 5.20%, 02/25/36 |  | 166 | &nbsp;&nbsp; 165777 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| Sofi Consumer Loan Program Trust<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2026-B, Class D, 5.56%, 02/25/36 | USD | 166 | &nbsp;&nbsp; $165805 |
| SoFi Personal Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, 6.00%, 11/12/30<sup>(b)</sup> |  | 65 | &nbsp;&nbsp; 65689 |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class R1, 0.00%, 02/12/31 |  | 10 | &nbsp;&nbsp; 192364 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 6.06%, 02/12/31<sup>(b)</sup> |  | 115 | &nbsp;&nbsp; 115447 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC, Series 2024-1A, Class A2I, <br> 6.03%, 07/30/54<sup>(b)</sup><br>|  | 291 | &nbsp;&nbsp; 293192 |
| &nbsp;&nbsp;&nbsp; TCI-Symphony CLO Ltd., Series 2017-1A, Class AR, <br> (3-mo. CME Term SOFR + 1.19%), 4.86%, <br> 07/15/30<sup>(a)(b)</sup><br>|  | 124 | &nbsp;&nbsp; 124377 |
| &nbsp;&nbsp;&nbsp; Trestles CLO Ltd., Series 2017-1A, Class D1RR, (3-mo. <br> CME Term SOFR + 3.15%), 6.82%, 07/25/37<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 250271 |
| &nbsp;&nbsp;&nbsp; Unique Pub Finance Co. PLC, Series 02, Class N, <br> 6.46%, 03/30/32<sup>(f)</sup><br>| GBP | 31 | &nbsp;&nbsp; 42546 |
| Upgrade Master Pass-Thru Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-ST4, Class A, 5.50%, 08/16/32 | USD | 144 | &nbsp;&nbsp; 144478 |
| &nbsp;&nbsp;&nbsp; Series 2025-ST7, Class A, 4.55%, 11/15/32 |  | 327 | &nbsp;&nbsp; 326856 |
| &nbsp;&nbsp;&nbsp; Series 2025-ST7, Class B, 4.98%, 11/15/32 |  | 185 | &nbsp;&nbsp; 184910 |
| &nbsp;&nbsp;&nbsp; Series 2025-ST8, Class D, 5.91%, 12/15/33 |  | 150 | &nbsp;&nbsp; 149176 |
| &nbsp;&nbsp;&nbsp; UPX HIL Issuer Trust, Series 2025-1, Class A, 5.16%, <br> 01/25/47<sup>(b)</sup><br>|  | 251 | &nbsp;&nbsp; 249406 |
| &nbsp;&nbsp;&nbsp; US Bank NA, Series 2026-RVM1, Class B1, 4.96%, <br> 12/25/46<sup>(b)</sup><br>|  | 900 | &nbsp;&nbsp; 895812 |
| &nbsp;&nbsp;&nbsp; VB-S1 Issuer LLC, Series 2026-1A, Class F, 6.84%, <br> 03/15/56<sup>(b)</sup><br>|  | 977 | &nbsp;&nbsp; 981124 |
| &nbsp;&nbsp;&nbsp; Vista Point Securitization Trust, Series 2024-CES1, <br> Class A2, 6.84%, 05/25/54<sup>(b)</sup><br>|  | 735 | &nbsp;&nbsp; 745222 |
| &nbsp;&nbsp;&nbsp; WaMu Asset-Backed Certificates WaMu Trust, <br> Series 2007-HE3, Class 2A3, (1 mo. Term SOFR + <br> 0.35%), 4.03%, 05/25/37<sup>(a)(d)</sup><br>|  | 4823 | &nbsp;&nbsp; 4360959 |
| &nbsp;&nbsp;&nbsp; Warwick Capital CLO Ltd., Series 2024-5A, Class A1, <br> (3-mo. CME Term SOFR + 1.36%), 5.03%, <br> 01/20/38<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 250150 |
| &nbsp;&nbsp;&nbsp; Whetstone Park CLO Ltd., Series 2021-1A, Class B1, <br> (3-mo. CME Term SOFR + 1.86%), 5.53%, <br> 01/20/35<sup>(a)(b)</sup><br>|  | 275 | &nbsp;&nbsp; 274954 |
| &nbsp;&nbsp;&nbsp; Wireless PropCo Funding LLC, Series 2025-1A, <br> Class B, 4.30%, 06/25/55<sup>(b)</sup><br>|  | 725 | &nbsp;&nbsp; 687328 |
| **Total Asset-Backed Securities — 10.2%** <br>**(Cost: $84,449,709)** | **Total Asset-Backed Securities — 10.2%** <br>**(Cost: $84,449,709)** | **Total Asset-Backed Securities — 10.2%** <br>**(Cost: $84,449,709)** | &nbsp;&nbsp; 77565588 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Capital Markets — 0.0%** | **Capital Markets — 0.0%** |  |
| Wom New Holdco<sup>(e)(g)</sup> | 485 | &nbsp;&nbsp; 11155 |
| **Health Care Providers & Services — 0.0%** | **Health Care Providers & Services — 0.0%** |  |
| Quorum Restructuring Equity<sup>(e)(g)</sup> | 3969 | &nbsp;&nbsp; 1985 |
| **Machinery — 0.0%** | **Machinery — 0.0%** |  |
| United Site Services, Inc.<sup>(e)(g)</sup> | 5689 | &nbsp;&nbsp; 41245 |
| **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |  |
| ADLER Group SA, VTG Shares<sup>(e)(g)</sup> | 33367 | &nbsp;&nbsp; — |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** |  |
| Altice France Lux 3<sup>(g)</sup> | 15328 | &nbsp;&nbsp; $255123 |
| **Total Common Stocks — 0.1%** <br>**(Cost: $353,643)** | **Total Common Stocks — 0.1%** <br>**(Cost: $353,643)** | &nbsp;&nbsp; 309508 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** |
| **Advertising Agencies — 1.3%** | **Advertising Agencies — 1.3%** | **Advertising Agencies — 1.3%** | **Advertising Agencies — 1.3%** |
| Clear Channel Outdoor Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/28<sup>(d)</sup> | USD | 493 | &nbsp;&nbsp; 495339 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/01/29 |  | 967 | &nbsp;&nbsp; 971081 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/01/30<sup>(d)</sup> |  | 1088 | &nbsp;&nbsp; 1138595 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31 |  | 1130 | &nbsp;&nbsp; 1183896 |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/15/33<sup>(d)</sup> |  | 2571 | &nbsp;&nbsp; 2722684 |
| CMG Media Corp., 8.88%, 06/18/29<sup>(b)</sup> |  | 315 | &nbsp;&nbsp; 272370 |
| Lamar Media Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/30 |  | 53 | &nbsp;&nbsp; 50575 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/01/33<sup>(b)</sup> |  | 317 | &nbsp;&nbsp; 310255 |
| Neptune Bidco U.S., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.29%, 04/15/29 |  | 376 | &nbsp;&nbsp; 377044 |
| &nbsp;&nbsp;&nbsp; 10.38%, 05/15/31 |  | 729 | &nbsp;&nbsp; 735567 |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/15/33 |  | 597 | &nbsp;&nbsp; 579233 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/27 |  | 120 | &nbsp;&nbsp; 119717 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/29 |  | 326 | &nbsp;&nbsp; 314264 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/30<sup>(d)</sup> |  | 122 | &nbsp;&nbsp; 117709 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/31 |  | 332 | &nbsp;&nbsp; 346181 |
| Stagwell Global LLC, 5.63%, 08/15/29<sup>(b)</sup> |  | 129 | &nbsp;&nbsp; 122815 |
|  |  |  | &nbsp;&nbsp; 9857325 |
| **Aerospace & Defense — 2.9%** | **Aerospace & Defense — 2.9%** | **Aerospace & Defense — 2.9%** | **Aerospace & Defense — 2.9%** |
| AAR Escrow Issuer LLC, 6.75%, 03/15/29<sup>(b)</sup> |  | 442 | &nbsp;&nbsp; 449868 |
| ATI, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 12/01/27 |  | 157 | &nbsp;&nbsp; 156970 |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/01/29 |  | 129 | &nbsp;&nbsp; 127279 |
| &nbsp;&nbsp;&nbsp; 7.25%, 08/15/30 |  | 444 | &nbsp;&nbsp; 460414 |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/31 |  | 350 | &nbsp;&nbsp; 345793 |
| Bombardier, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 11/15/30 |  | 531 | &nbsp;&nbsp; 564741 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/01/31 |  | 205 | &nbsp;&nbsp; 214823 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/01/32 |  | 403 | &nbsp;&nbsp; 418250 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/33 |  | 460 | &nbsp;&nbsp; 475046 |
| &nbsp;&nbsp;&nbsp; Efesto Bidco SpA Efesto U.S. LLC, Series XR, 7.50%, <br> 02/15/32<sup>(b)(d)</sup><br>|  | 2400 | &nbsp;&nbsp; 2387835 |
| Goat Holdco LLC, 6.75%, 02/01/32<sup>(b)</sup> |  | 279 | &nbsp;&nbsp; 280710 |
| Lockheed Martin Corp., 5.70%, 11/15/54<sup>(d)</sup> |  | 451 | &nbsp;&nbsp; 450283 |
| Moog, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/15/27 |  | 27 | &nbsp;&nbsp; 26984 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/34 |  | 213 | &nbsp;&nbsp; 213669 |
| Northrop Grumman Corp., 4.75%, 06/01/43<sup>(d)</sup> |  | 680 | &nbsp;&nbsp; 613973 |
| RTX Corp., 4.35%, 04/15/47<sup>(d)</sup> |  | 700 | &nbsp;&nbsp; 579597 |
| TransDigm, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/28 |  | 848 | &nbsp;&nbsp; 858295 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/29 |  | 1979 | &nbsp;&nbsp; 2015934 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/01/32 |  | 1778 | &nbsp;&nbsp; 1813329 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/33 |  | 960 | &nbsp;&nbsp; 959461 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/31/33<sup>(d)</sup> |  | 2379 | &nbsp;&nbsp; 2366316 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| TransDigm, Inc.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/31/34 | USD | 263 | &nbsp;&nbsp; $265901 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/31/34<sup>(d)</sup> |  | 4034 | &nbsp;&nbsp; 4086866 |
| &nbsp;&nbsp;&nbsp; 6.13%, 07/31/34 |  | 1953 | &nbsp;&nbsp; 1920858 |
|  |  |  | &nbsp;&nbsp; 22053195 |
| **Air Freight & Logistics**<sup>(b)</sup> **— 0.1%** | **Air Freight & Logistics**<sup>(b)</sup> **— 0.1%** | **Air Freight & Logistics**<sup>(b)</sup> **— 0.1%** | **Air Freight & Logistics**<sup>(b)</sup> **— 0.1%** |
| Rand Parent LLC, 8.50%, 02/15/30 |  | 312 | &nbsp;&nbsp; 320276 |
| Stonepeak Nile Parent LLC, 7.25%, 03/15/32 |  | 155 | &nbsp;&nbsp; 161215 |
|  |  |  | &nbsp;&nbsp; 481491 |
| **Automobile Components — 1.0%** | **Automobile Components — 1.0%** | **Automobile Components — 1.0%** | **Automobile Components — 1.0%** |
| American Axle & Manufacturing, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/15/32 |  | 229 | &nbsp;&nbsp; 226651 |
| &nbsp;&nbsp;&nbsp; 7.75%, 10/15/33 |  | 239 | &nbsp;&nbsp; 232666 |
| Aptiv Swiss Holdings Ltd., 5.40%, 03/15/49 |  | 280 | &nbsp;&nbsp; 256622 |
| Clarios Global LP/Clarios U.S. Finance Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28 |  | 1058 | &nbsp;&nbsp; 1068295 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/30 |  | 488 | &nbsp;&nbsp; 498980 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/31 | EUR | 380 | &nbsp;&nbsp; 431259 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/32<sup>(d)</sup> | USD | 2305 | &nbsp;&nbsp; 2323440 |
| &nbsp;&nbsp;&nbsp; Cyprium Corp./Cyprium Holdings Luxembourg SARL, <br> 6.13%, 04/15/31<sup>(b)</sup><br>|  | 342 | &nbsp;&nbsp; 337150 |
| Dana, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/01/30 |  | 60 | &nbsp;&nbsp; 56763 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/32 |  | 98 | &nbsp;&nbsp; 91454 |
| &nbsp;&nbsp;&nbsp; Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%, <br> 05/31/32<sup>(b)</sup><br>|  | 151 | &nbsp;&nbsp; 156349 |
| Goodyear Tire & Rubber Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/29 |  | 81 | &nbsp;&nbsp; 76651 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30 |  | 225 | &nbsp;&nbsp; 220023 |
| &nbsp;&nbsp;&nbsp; IHO Verwaltungs GmbH, (7.00% Cash or 7.75% PIK), <br> 7.00%, 11/15/31<sup>(f)(h)</sup><br>| EUR | 100 | &nbsp;&nbsp; 120845 |
| Mahle GmbH, 6.50%, 05/02/31<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 116873 |
| Qnity Electronics, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/32 | USD | 378 | &nbsp;&nbsp; 378450 |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/15/33 |  | 294 | &nbsp;&nbsp; 297274 |
| Schaeffler AG<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/28 | EUR | 100 | &nbsp;&nbsp; 114232 |
| &nbsp;&nbsp;&nbsp; 4.75%, 08/14/29 |  | 100 | &nbsp;&nbsp; 114996 |
| Tenneco, Inc., 8.00%, 11/17/28<sup>(b)</sup> | USD | 527 | &nbsp;&nbsp; 525126 |
| ZF Europe Finance BV<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/12/30 | EUR | 100 | &nbsp;&nbsp; 117905 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/17/32 |  | 100 | &nbsp;&nbsp; 109047 |
|  |  |  | &nbsp;&nbsp; 7871051 |
| **Automobiles — 1.7%** | **Automobiles — 1.7%** | **Automobiles — 1.7%** | **Automobiles — 1.7%** |
| Allison Transmission, Inc., 5.88%, 12/01/33<sup>(b)</sup> | USD | 254 | &nbsp;&nbsp; 252443 |
| Asbury Automotive Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 |  | 22 | &nbsp;&nbsp; 21604 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/32<sup>(b)</sup> |  | 40 | &nbsp;&nbsp; 37880 |
| Aston Martin Capital Holdings Ltd., 10.38%, 03/31/29<sup>(f)</sup> | GBP | 100 | &nbsp;&nbsp; 101573 |
| Carvana Co.<sup>(b)(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (11.00% Cash or 13.00% PIK), 9.00%, 06/01/30 | USD | 927 | &nbsp;&nbsp; 964595 |
| &nbsp;&nbsp;&nbsp; (9.00% PIK), 9.00%, 06/01/31<sup>(d)</sup> |  | 3191 | &nbsp;&nbsp; 3449964 |
| Cougar JV Subsidiary LLC, 8.00%, 05/15/32<sup>(b)</sup> |  | 264 | &nbsp;&nbsp; 272990 |
| Ford Motor Credit Co. LLC, 6.95%, 06/10/26<sup>(d)</sup> |  | 1250 | &nbsp;&nbsp; 1252943 |
| General Motors Co., 6.25%, 10/02/43<sup>(d)</sup> |  | 2194 | &nbsp;&nbsp; 2154549 |
| &nbsp;&nbsp;&nbsp; Global Auto Holdings Ltd./AAG FH U.K. Ltd., 11.50%, <br> 08/15/29<sup>(b)</sup><br>|  | 200 | &nbsp;&nbsp; 198983 |
| Group 1 Automotive, Inc., 6.38%, 01/15/30<sup>(b)</sup> |  | 114 | &nbsp;&nbsp; 114765 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Automobiles (continued)** | **Automobiles (continued)** | **Automobiles (continued)** | **Automobiles (continued)** |
| LCM Investments Holdings II LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/29 | USD | 173 | &nbsp;&nbsp; $168347 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/31 |  | 235 | &nbsp;&nbsp; 244105 |
| Lithia Motors, Inc., 5.50%, 10/01/30<sup>(b)</sup> |  | 237 | &nbsp;&nbsp; 232243 |
| Nissan Motor Acceptance Co. LLC, 6.13%, 09/30/30<sup>(b)</sup> |  | 899 | &nbsp;&nbsp; 863976 |
| Nissan Motor Co. Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/17/29<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 114416 |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/17/32<sup>(b)</sup> | USD | 279 | &nbsp;&nbsp; 282514 |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/17/33<sup>(b)</sup> | EUR | 200 | &nbsp;&nbsp; 230000 |
| &nbsp;&nbsp;&nbsp; 8.13%, 07/17/35<sup>(b)</sup> | USD | 1269 | &nbsp;&nbsp; 1305600 |
| RCI Banque SA<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/23/34 | EUR | 100 | &nbsp;&nbsp; 113681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5-year EURIBOR ICE Swap + 2.20%), 4.75%, <br> 03/24/37<sup>(a)</sup><br>|  | 100 | &nbsp;&nbsp; 111878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5-year EURIBOR ICE Swap + 2.75%), 5.50%, <br> 10/09/34<sup>(a)</sup><br>|  | 100 | &nbsp;&nbsp; 117154 |
|  |  |  | &nbsp;&nbsp; 12606203 |
| **Banks — 0.2%** | **Banks — 0.2%** | **Banks — 0.2%** | **Banks — 0.2%** |
| &nbsp;&nbsp;&nbsp; Abanca Corp. Bancaria SA, (5-year EURIBOR ICE <br> Swap + 2.45%), 4.63%, 12/11/36<sup>(a)(f)</sup><br>|  | 100 | &nbsp;&nbsp; 115607 |
| &nbsp;&nbsp;&nbsp; Al Rajhi Sukuk Ltd., (6 year USD CMT + 1.59%), <br> 6.25%<sup>(a)(f)(i)</sup><br>| USD | 400 | &nbsp;&nbsp; 391516 |
| &nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA, (5-year CMT + 4.07%), <br> 8.38%<sup>(a)(b)(i)</sup><br>|  | 200 | &nbsp;&nbsp; 206400 |
| &nbsp;&nbsp;&nbsp; BBVA Mexico SA Institucion De Banca Multiple Grupo <br> Financiero BBVA Mexico, (5-year CMT + 3.38%), <br> 7.63%, 02/11/35<sup>(a)(f)</sup><br>|  | 200 | &nbsp;&nbsp; 205836 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA, (5-year EURIBOR ICE <br> Swap + 3.15%), 5.88%, 06/28/35<sup>(a)(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 120881 |
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC, (5-year USD SOFR ICE Swap <br> + 1.97%), 4.87%, 03/15/33<sup>(a)(b)(d)</sup><br>| USD | 500 | &nbsp;&nbsp; 497560 |
| Walker & Dunlop, Inc., 6.63%, 04/01/33<sup>(b)</sup> |  | 195 | &nbsp;&nbsp; 190648 |
|  |  |  | &nbsp;&nbsp; 1728448 |
| **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC/Anheuser-Busch InBev <br> Worldwide, Inc., 4.90%, 02/01/46<sup>(d)</sup><br>|  | 2000 | &nbsp;&nbsp; 1802344 |
| **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** |
| Amgen, Inc., 4.95%, 10/01/41 |  | 250 | &nbsp;&nbsp; 231214 |
| BioMarin Pharmaceutical, Inc., 5.50%, 02/15/34<sup>(b)</sup> |  | 564 | &nbsp;&nbsp; 555290 |
| Genmab AS/Genmab Finance LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 12/15/32 |  | 290 | &nbsp;&nbsp; 297317 |
| &nbsp;&nbsp;&nbsp; 7.25%, 12/15/33 |  | 711 | &nbsp;&nbsp; 744225 |
| Gilead Sciences, Inc., 4.15%, 03/01/47<sup>(d)</sup> |  | 700 | &nbsp;&nbsp; 566305 |
|  |  |  | &nbsp;&nbsp; 2394351 |
| **Building Materials — 1.4%** | **Building Materials — 1.4%** | **Building Materials — 1.4%** | **Building Materials — 1.4%** |
| AmeriTex HoldCo Intermediate LLC, 7.63%, 08/15/33<sup>(b)</sup> |  | 304 | &nbsp;&nbsp; 313803 |
| Builders FirstSource, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/34 |  | 77 | &nbsp;&nbsp; 76016 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/35 |  | 234 | &nbsp;&nbsp; 233776 |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 12/15/30<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 117651 |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/30<sup>(b)(d)</sup> | USD | 2843 | &nbsp;&nbsp; 2891499 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/31<sup>(b)</sup> |  | 235 | &nbsp;&nbsp; 241687 |
| Jeld-Wen, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 12/15/27 |  | 331 | &nbsp;&nbsp; 224429 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/01/32<sup>(d)</sup> |  | 97 | &nbsp;&nbsp; 45223 |
| New Enterprise Stone & Lime Co., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/28 |  | 103 | &nbsp;&nbsp; 101475 |
| &nbsp;&nbsp;&nbsp; 9.75%, 07/15/28 |  | 208 | &nbsp;&nbsp; 207789 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Quikrete Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/32 | USD | 1754 | &nbsp;&nbsp; $1778561 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/33 |  | 812 | &nbsp;&nbsp; 824700 |
| Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28<sup>(b)</sup> |  | 42 | &nbsp;&nbsp; 41683 |
| Standard Building Solutions, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/15/32 |  | 776 | &nbsp;&nbsp; 776401 |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/01/33 |  | 1509 | &nbsp;&nbsp; 1492032 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/34 |  | 458 | &nbsp;&nbsp; 441598 |
| Standard Industries, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 |  | 6 | &nbsp;&nbsp; 5931 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/30 |  | 297 | &nbsp;&nbsp; 279942 |
| &nbsp;&nbsp;&nbsp; 3.38%, 01/15/31 |  | 125 | &nbsp;&nbsp; 112046 |
| Wilsonart LLC, 11.00%, 08/15/32<sup>(b)</sup> |  | 475 | &nbsp;&nbsp; 344319 |
|  |  |  | &nbsp;&nbsp; 10550561 |
| **Building Products — 0.8%** | **Building Products — 0.8%** | **Building Products — 0.8%** | **Building Products — 0.8%** |
| Lowe's Cos., Inc., 2.80%, 09/15/41<sup>(d)</sup> |  | 400 | &nbsp;&nbsp; 281678 |
| QXO Building Products, Inc., 6.75%, 04/30/32<sup>(b)</sup> |  | 1855 | &nbsp;&nbsp; 1892083 |
| White Cap Supply Holdings LLC, 7.38%, 11/15/30<sup>(b)(d)</sup> |  | 3754 | &nbsp;&nbsp; 3641353 |
|  |  |  | &nbsp;&nbsp; 5815114 |
| **Capital Markets — 0.8%** | **Capital Markets — 0.8%** | **Capital Markets — 0.8%** | **Capital Markets — 0.8%** |
| Apollo Debt Solutions BDC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/30/30 |  | 220 | &nbsp;&nbsp; 216539 |
| &nbsp;&nbsp;&nbsp; 6.70%, 07/29/31 |  | 110 | &nbsp;&nbsp; 111285 |
| &nbsp;&nbsp;&nbsp; 6.55%, 03/15/32 |  | 180 | &nbsp;&nbsp; 180690 |
| ARES Strategic Income Fund, 5.80%, 09/09/30<sup>(b)</sup> |  | 300 | &nbsp;&nbsp; 291716 |
| Bain Capital Specialty Finance, Inc., 5.95%, 03/15/30 |  | 95 | &nbsp;&nbsp; 91975 |
| Blue Owl Capital Corp., 6.20%, 07/15/30 |  | 348 | &nbsp;&nbsp; 342971 |
| &nbsp;&nbsp;&nbsp; Compass Group Diversified Holdings LLC, 5.25%, <br> 04/15/29<sup>(b)</sup><br>|  | 281 | &nbsp;&nbsp; 261341 |
| Focus Financial Partners LLC, 6.75%, 09/15/31<sup>(b)</sup> |  | 300 | &nbsp;&nbsp; 297944 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/27 |  | 1367 | &nbsp;&nbsp; 1339533 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/29 |  | 219 | &nbsp;&nbsp; 215310 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/29<sup>(d)</sup> |  | 158 | &nbsp;&nbsp; 134831 |
| &nbsp;&nbsp;&nbsp; 10.00%, 11/15/29<sup>(b)</sup> |  | 323 | &nbsp;&nbsp; 318203 |
| Jane Street Group/JSG Finance, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/01/32 |  | 105 | &nbsp;&nbsp; 103833 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/33 |  | 366 | &nbsp;&nbsp; 371332 |
| MDGH GMTN RSC Ltd., 4.38%, 11/22/33<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 189102 |
| Osaic Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/32 |  | 524 | &nbsp;&nbsp; 524065 |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/01/33 |  | 977 | &nbsp;&nbsp; 964497 |
| Raymond James Financial, Inc., 4.95%, 07/15/46<sup>(d)</sup> |  | 400 | &nbsp;&nbsp; 355551 |
| &nbsp;&nbsp;&nbsp; WOM Chile Holdco SpA, (5.00% PIK), 5.00%, <br> 04/01/32<sup>(b)(h)(j)</sup><br>|  | 158 | &nbsp;&nbsp; 143509 |
|  |  |  | &nbsp;&nbsp; 6454227 |
| **Chemicals — 2.7%** | **Chemicals — 2.7%** | **Chemicals — 2.7%** | **Chemicals — 2.7%** |
| &nbsp;&nbsp;&nbsp; Advancion Sciences, Inc., (9.25% Cash or 10.00% PIK), <br> 9.25%, 11/01/26<sup>(b)(h)</sup><br>|  | 424 | &nbsp;&nbsp; 344276 |
| Celanese U.S. Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/31 |  | 42 | &nbsp;&nbsp; 43125 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/33<sup>(d)</sup> |  | 245 | &nbsp;&nbsp; 251361 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/34 |  | 349 | &nbsp;&nbsp; 357559 |
| Chemours Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/28 |  | 1164 | &nbsp;&nbsp; 1152505 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29 |  | 827 | &nbsp;&nbsp; 775524 |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/15/34 |  | 337 | &nbsp;&nbsp; 336902 |
| Element Solutions, Inc., 3.88%, 09/01/28<sup>(b)</sup> |  | 2068 | &nbsp;&nbsp; 2013473 |
| EQUATE Petrochemical Co. KSC, 4.25%, 11/03/26<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 197938 |
| FMC Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 10/01/29 |  | 324 | &nbsp;&nbsp; 289411 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| FMC Corp. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/49 | USD | 90 | &nbsp;&nbsp; $55694 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/18/53 |  | 64 | &nbsp;&nbsp; 48222 |
| HB Fuller Co., 4.25%, 10/15/28 |  | 90 | &nbsp;&nbsp; 86912 |
| Herens Holdco SARL, 4.75%, 05/15/28<sup>(b)</sup> |  | 271 | &nbsp;&nbsp; 227748 |
| Inversion Escrow Issuer LLC, 6.75%, 08/01/32<sup>(b)</sup> |  | 1515 | &nbsp;&nbsp; 1442770 |
| Itelyum Regeneration SpA, 5.75%, 04/15/30<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 114012 |
| Kronos International, Inc., 9.50%, 03/15/29<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 99298 |
| Methanex U.S. Operations, Inc., 6.25%, 03/15/32<sup>(b)(d)</sup> | USD | 209 | &nbsp;&nbsp; 213821 |
| Minerals Technologies, Inc., 5.00%, 07/01/28<sup>(b)</sup> |  | 218 | &nbsp;&nbsp; 214304 |
| OCP SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/23/51<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 155474 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/02/54<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 209663 |
| Olympus Water U.S. Holding Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/31 |  | 905 | &nbsp;&nbsp; 883916 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/33<sup>(d)</sup> |  | 3300 | &nbsp;&nbsp; 3148534 |
| Perimeter Holdings LLC, 6.25%, 01/15/34<sup>(b)</sup> |  | 1142 | &nbsp;&nbsp; 1120017 |
| Sasol Financing USA LLC, 6.50%, 09/27/28 |  | 200 | &nbsp;&nbsp; 201814 |
| Sherwin-Williams Co., 3.80%, 08/15/49 |  | 310 | &nbsp;&nbsp; 226713 |
| SK Invictus Intermediate II SARL, 5.00%, 10/30/29<sup>(b)</sup> |  | 986 | &nbsp;&nbsp; 961714 |
| Solstice Advanced Materials, Inc., 5.63%, 09/30/33<sup>(b)</sup> |  | 566 | &nbsp;&nbsp; 558100 |
| WR Grace Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/29<sup>(d)</sup> |  | 3178 | &nbsp;&nbsp; 2922868 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/01/31 |  | 354 | &nbsp;&nbsp; 354913 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/15/32 |  | 705 | &nbsp;&nbsp; 686920 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/33 |  | 1111 | &nbsp;&nbsp; 1078975 |
|  |  |  | &nbsp;&nbsp; 20774476 |
| **Commercial Services & Supplies — 5.5%** | **Commercial Services & Supplies — 5.5%** | **Commercial Services & Supplies — 5.5%** | **Commercial Services & Supplies — 5.5%** |
| ADT Security Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/32 |  | 117 | &nbsp;&nbsp; 109287 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/15/33 |  | 892 | &nbsp;&nbsp; 863910 |
| &nbsp;&nbsp;&nbsp; Albion Financing 1 SARL/Aggreko Holdings, Inc., <br> 7.00%, 05/21/30<sup>(b)</sup><br>|  | 1553 | &nbsp;&nbsp; 1587223 |
| Allied Universal Holdco LLC, 7.88%, 02/15/31<sup>(b)(d)</sup> |  | 5370 | &nbsp;&nbsp; 5537625 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29<sup>(d)</sup> |  | 2800 | &nbsp;&nbsp; 2705575 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/15/30 |  | 1708 | &nbsp;&nbsp; 1731369 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance <br> Corp./Atlas Luxco 4 SARL<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/28<sup>(b)</sup> |  | 2247 | &nbsp;&nbsp; 2194555 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/28<sup>(f)</sup> | GBP | 100 | &nbsp;&nbsp; 128089 |
| Amber Finco PLC, 6.63%, 07/15/29<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 118611 |
| APi Group DE, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/15/29 | USD | 168 | &nbsp;&nbsp; 159983 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/29 |  | 128 | &nbsp;&nbsp; 123889 |
| &nbsp;&nbsp;&nbsp; Arena Luxembourg Finance SARL, (3-mo. EURIBOR + <br> 2.50%), 4.52%, 05/01/30<sup>(a)(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 115250 |
| &nbsp;&nbsp;&nbsp; BCP V Modular Services Finance II PLC, 6.50%, <br> 07/10/31<sup>(f)</sup><br>|  | 100 | &nbsp;&nbsp; 98208 |
| Belron U.K. Finance PLC, 5.75%, 10/15/29<sup>(b)</sup> | USD | 799 | &nbsp;&nbsp; 804046 |
| Bidvest Group UK PLC, 6.20%, 09/17/32<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 199460 |
| Boels Topholding BV, 5.75%, 05/15/30<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 116131 |
| Brink's Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/29 | USD | 208 | &nbsp;&nbsp; 211220 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/32 |  | 496 | &nbsp;&nbsp; 502059 |
| Clarivate Science Holdings Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/01/28 |  | 507 | &nbsp;&nbsp; 478465 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/01/29<sup>(d)</sup> |  | 1271 | &nbsp;&nbsp; 1102829 |
| CompoSecure Holdings LLC, 5.63%, 02/01/33<sup>(b)</sup> |  | 1633 | &nbsp;&nbsp; 1595359 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** |
| Deluxe Corp., 8.13%, 09/15/29<sup>(b)</sup> | USD | 170 | &nbsp;&nbsp; $176474 |
| FTAI Aviation Investors LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/28 |  | 652 | &nbsp;&nbsp; 651770 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/01/30 |  | 1366 | &nbsp;&nbsp; 1426370 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/31 |  | 2015 | &nbsp;&nbsp; 2065637 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/32 |  | 1041 | &nbsp;&nbsp; 1067146 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/33 |  | 582 | &nbsp;&nbsp; 569422 |
| Garda World Security Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/28 |  | 474 | &nbsp;&nbsp; 482185 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29 |  | 86 | &nbsp;&nbsp; 81857 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/32 |  | 1288 | &nbsp;&nbsp; 1274519 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/15/32<sup>(d)</sup> |  | 3558 | &nbsp;&nbsp; 3560416 |
| Herc Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(d)</sup> |  | 170 | &nbsp;&nbsp; 172793 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/30 |  | 689 | &nbsp;&nbsp; 706479 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/15/31 |  | 242 | &nbsp;&nbsp; 238338 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/33 |  | 788 | &nbsp;&nbsp; 807497 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/15/34 |  | 250 | &nbsp;&nbsp; 241687 |
| Loxam SAS, 6.38%, 05/31/29<sup>(f)</sup> | EUR | 90 | &nbsp;&nbsp; 106721 |
| RR Donnelley & Sons Co., 9.50%, 08/01/29<sup>(b)</sup> | USD | 1503 | &nbsp;&nbsp; 1521343 |
| Service Corp. International |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/15/30 |  | 13 | &nbsp;&nbsp; 11994 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/31 |  | 503 | &nbsp;&nbsp; 468864 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/32 |  | 1065 | &nbsp;&nbsp; 1062951 |
| Sotheby's, 7.38%, 10/15/27<sup>(b)(d)</sup> |  | 1016 | &nbsp;&nbsp; 1011133 |
| Sotheby's/Bidfair Holdings, Inc., 5.88%, 06/01/29<sup>(b)</sup> |  | 490 | &nbsp;&nbsp; 460040 |
| United Rentals North America, Inc., 5.38%, 11/15/33<sup>(b)</sup> |  | 881 | &nbsp;&nbsp; 856666 |
| Veritiv Operating Co., 10.50%, 11/30/30<sup>(b)</sup> |  | 221 | &nbsp;&nbsp; 229674 |
| Wand NewCo 3, Inc., 7.63%, 01/30/32<sup>(b)</sup> |  | 1336 | &nbsp;&nbsp; 1366056 |
| Williams Scotsman, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29 |  | 49 | &nbsp;&nbsp; 49551 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/30 |  | 693 | &nbsp;&nbsp; 703942 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/31 |  | 301 | &nbsp;&nbsp; 308639 |
|  |  |  | &nbsp;&nbsp; 42163307 |
| **Communications Equipment — 0.0%** | **Communications Equipment — 0.0%** | **Communications Equipment — 0.0%** | **Communications Equipment — 0.0%** |
| Viavi Solutions, Inc., 3.75%, 10/01/29<sup>(b)</sup> |  | 67 | &nbsp;&nbsp; 62861 |
| **Construction & Engineering — 0.4%** | **Construction & Engineering — 0.4%** | **Construction & Engineering — 0.4%** | **Construction & Engineering — 0.4%** |
| AECOM, 6.00%, 08/01/33<sup>(b)</sup> |  | 756 | &nbsp;&nbsp; 755169 |
| Arcosa, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/15/29 |  | 477 | &nbsp;&nbsp; 460181 |
| &nbsp;&nbsp;&nbsp; 6.88%, 08/15/32 |  | 40 | &nbsp;&nbsp; 40986 |
| Brand Industrial Services, Inc., 10.38%, 08/01/30<sup>(b)</sup> |  | 1396 | &nbsp;&nbsp; 1275822 |
| Heathrow Finance PLC, 4.13%, 09/01/29<sup>(f)</sup> | GBP | 100 | &nbsp;&nbsp; 123437 |
| IHS Holding Ltd., 6.25%, 11/29/28<sup>(b)</sup> | USD | 200 | &nbsp;&nbsp; 198032 |
| TAV Havalimanlari Holding A/S, 8.50%, 12/07/28<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 203938 |
| &nbsp;&nbsp;&nbsp; Weekley Homes LLC/Weekley Finance Corp., 6.75%, <br> 01/15/34<sup>(b)</sup><br>|  | 274 | &nbsp;&nbsp; 262423 |
|  |  |  | &nbsp;&nbsp; 3319988 |
| **Consumer Finance — 1.5%** | **Consumer Finance — 1.5%** | **Consumer Finance — 1.5%** | **Consumer Finance — 1.5%** |
| Block, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 06/01/26 |  | 534 | &nbsp;&nbsp; 531565 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/30<sup>(b)</sup> |  | 466 | &nbsp;&nbsp; 463425 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32<sup>(d)</sup> |  | 2016 | &nbsp;&nbsp; 2034408 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/15/33<sup>(b)</sup> |  | 598 | &nbsp;&nbsp; 588123 |
| ION Platform Finance SARL<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/01/29 | EUR | 100 | &nbsp;&nbsp; 107384 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/30/30 |  | 100 | &nbsp;&nbsp; 95794 |
| ION Platform Finance U.S., Inc., 7.88%, 09/30/32<sup>(b)</sup> | USD | 785 | &nbsp;&nbsp; 607610 |
| Navient Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.38%, 07/25/30 |  | 10 | &nbsp;&nbsp; 9749 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** |
| Navient Corp. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/32<sup>(d)</sup> | USD | 400 | &nbsp;&nbsp; $356619 |
| OneMain Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/29 |  | 438 | &nbsp;&nbsp; 438425 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/29 |  | 251 | &nbsp;&nbsp; 242043 |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/15/30 |  | 362 | &nbsp;&nbsp; 373576 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/15/30 |  | 447 | &nbsp;&nbsp; 437095 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/30 |  | 231 | &nbsp;&nbsp; 208612 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/31 |  | 90 | &nbsp;&nbsp; 90481 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/31 |  | 117 | &nbsp;&nbsp; 115923 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/32<sup>(d)</sup> |  | 431 | &nbsp;&nbsp; 418172 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/15/32 |  | 152 | &nbsp;&nbsp; 149698 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/15/33 |  | 1243 | &nbsp;&nbsp; 1188216 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/33 |  | 1223 | &nbsp;&nbsp; 1172677 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments Finance Sub, <br> Inc., 5.50%, 05/15/33<sup>(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 108969 |
| Shift4 Payments, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/32<sup>(d)</sup> | USD | 860 | &nbsp;&nbsp; 845677 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/33 | EUR | 365 | &nbsp;&nbsp; 397735 |
| WEX, Inc., 6.50%, 03/15/33<sup>(b)</sup> | USD | 518 | &nbsp;&nbsp; 507418 |
|  |  |  | &nbsp;&nbsp; 11489394 |
| **Consumer Staples Distribution & Retail — 0.8%** | **Consumer Staples Distribution & Retail — 0.8%** | **Consumer Staples Distribution & Retail — 0.8%** | **Consumer Staples Distribution & Retail — 0.8%** |
| Albertsons Cos, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/31/31 |  | 254 | &nbsp;&nbsp; 251123 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(d)</sup> |  | 258 | &nbsp;&nbsp; 259730 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/31/34 |  | 1152 | &nbsp;&nbsp; 1127055 |
| Albertsons Cos., Inc., 5.63%, 03/31/32<sup>(b)</sup> |  | 231 | &nbsp;&nbsp; 227423 |
| B&M European Value Retail SA, 6.50%, 11/27/31<sup>(f)</sup> | GBP | 100 | &nbsp;&nbsp; 125045 |
| Boots Group Finco LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/31/32 | EUR | 495 | &nbsp;&nbsp; 569242 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/31/32 | GBP | 215 | &nbsp;&nbsp; 282617 |
| &nbsp;&nbsp;&nbsp; KeHE Distributors LLC/KeHE Finance Corp./NextWave <br> Distribution, Inc., 9.00%, 02/15/29<sup>(b)</sup><br>| USD | 214 | &nbsp;&nbsp; 222785 |
| &nbsp;&nbsp;&nbsp; Lion/Polaris Lux Midco SARL, (3-mo. EURIBOR + <br> 3.63%), 5.75%, 07/01/29<sup>(a)(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 115348 |
| Performance Food Group, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/29 | USD | 383 | &nbsp;&nbsp; 367896 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/32 |  | 428 | &nbsp;&nbsp; 428790 |
| &nbsp;&nbsp;&nbsp; 5.63%, 03/01/34 |  | 986 | &nbsp;&nbsp; 950989 |
| U.S. Foods, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/29 |  | 191 | &nbsp;&nbsp; 188461 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/32 |  | 346 | &nbsp;&nbsp; 358030 |
| United Natural Foods, Inc., 6.75%, 10/15/28<sup>(b)</sup> |  | 257 | &nbsp;&nbsp; 257203 |
|  |  |  | &nbsp;&nbsp; 5731737 |
| **Containers & Packaging — 2.2%** | **Containers & Packaging — 2.2%** | **Containers & Packaging — 2.2%** | **Containers & Packaging — 2.2%** |
| Ardagh Group SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.50%, 12/01/30<sup>(b)</sup> |  | 1416 | &nbsp;&nbsp; 1484827 |
| &nbsp;&nbsp;&nbsp; 9.50%, 12/01/30<sup>(f)</sup> |  | 56 | &nbsp;&nbsp; 58672 |
| &nbsp;&nbsp;&nbsp; (4.50% Cash + 7.50% PIK), 12.00%, 12/01/30<sup>(f)(h)</sup> | EUR | 343 | &nbsp;&nbsp; 325510 |
| &nbsp;&nbsp;&nbsp; (5.50% Cash + 6.50% PIK), 12.00%, 12/01/30<sup>(b)(h)</sup> | USD | 800 | &nbsp;&nbsp; 672280 |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh <br> Metal Packaging Finance PLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/01/28 |  | 200 | &nbsp;&nbsp; 190215 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29<sup>(d)</sup> |  | 3002 | &nbsp;&nbsp; 2748936 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/30/31 |  | 515 | &nbsp;&nbsp; 510578 |
| Ball Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/01/32 | EUR | 195 | &nbsp;&nbsp; 222751 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/15/33<sup>(d)</sup> | USD | 268 | &nbsp;&nbsp; 268154 |
| Canpack SA/Canpack U.S. LLC, 2.38%, 11/01/27<sup>(f)</sup> | EUR | 200 | &nbsp;&nbsp; 224112 |
| Clydesdale Acquisition Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/29 | USD | 375 | &nbsp;&nbsp; 368274 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** |
| Clydesdale Acquisition Holdings, Inc.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/15/30 | USD | 421 | &nbsp;&nbsp; $409200 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/32 |  | 1071 | &nbsp;&nbsp; 1013320 |
| Crown Americas LLC, 5.88%, 06/01/33 |  | 743 | &nbsp;&nbsp; 742657 |
| Eldorado Intl. Finance GmbH, 8.50%, 12/01/32<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 200818 |
| Fedrigoni SpA, 6.13%, 06/15/31<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 106486 |
| LABL, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/28<sup>(k)</sup> | USD | 91 | &nbsp;&nbsp; 43680 |
| &nbsp;&nbsp;&nbsp; 9.50%, 11/01/28 |  | 632 | &nbsp;&nbsp; 303360 |
| &nbsp;&nbsp;&nbsp; 8.63%, 10/01/31<sup>(k)</sup> |  | 310 | &nbsp;&nbsp; 148800 |
| LD Celulose International GmbH, 7.95%, 01/26/32<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 205595 |
| Mauser Packaging Solutions Holding Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/30<sup>(d)</sup> |  | 4377 | &nbsp;&nbsp; 4377000 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/15/30 |  | 328 | &nbsp;&nbsp; 304767 |
| OI European Group BV, 5.25%, 06/01/29<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 114022 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container, Inc., 6.63%, <br> 05/13/27<sup>(b)</sup><br>| USD | 51 | &nbsp;&nbsp; 51106 |
| Sealed Air Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/27 |  | 98 | &nbsp;&nbsp; 97755 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29 |  | 77 | &nbsp;&nbsp; 77577 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/32 |  | 48 | &nbsp;&nbsp; 50350 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp./Sealed Air Corp. U.S., 7.25%, <br> 02/15/31<sup>(b)</sup><br>|  | 28 | &nbsp;&nbsp; 29361 |
| Silgan Holdings, Inc., 4.25%, 02/15/31<sup>(b)</sup> | EUR | 415 | &nbsp;&nbsp; 464253 |
| Trivium Packaging Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30<sup>(b)</sup> |  | 115 | &nbsp;&nbsp; 133576 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30<sup>(f)</sup> |  | 110 | &nbsp;&nbsp; 127768 |
| &nbsp;&nbsp;&nbsp; 8.25%, 07/15/30<sup>(b)</sup> | USD | 180 | &nbsp;&nbsp; 188331 |
| &nbsp;&nbsp;&nbsp; 12.25%, 01/15/31<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 216542 |
|  |  |  | &nbsp;&nbsp; 16480633 |
| **Distributors**<sup>(b)</sup> **— 0.1%** | **Distributors**<sup>(b)</sup> **— 0.1%** | **Distributors**<sup>(b)</sup> **— 0.1%** | **Distributors**<sup>(b)</sup> **— 0.1%** |
| Gates Corp., 6.88%, 07/01/29 |  | 344 | &nbsp;&nbsp; 352957 |
| Resideo Funding, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29 |  | 77 | &nbsp;&nbsp; 72768 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/32<sup>(d)</sup> |  | 495 | &nbsp;&nbsp; 487712 |
|  |  |  | &nbsp;&nbsp; 913437 |
| **Diversified REITs — 0.8%** | **Diversified REITs — 0.8%** | **Diversified REITs — 0.8%** | **Diversified REITs — 0.8%** |
| American Tower Corp., 2.30%, 09/15/31<sup>(d)</sup> |  | 1000 | &nbsp;&nbsp; 880364 |
| Digital Realty Trust LP, 1.88%, 11/15/29<sup>(b)(j)</sup> |  | 109 | &nbsp;&nbsp; 115391 |
| &nbsp;&nbsp;&nbsp; Iron Mountain Information Management Services, Inc., <br> 5.00%, 07/15/32<sup>(b)</sup><br>|  | 266 | &nbsp;&nbsp; 251120 |
| Iron Mountain, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/30<sup>(b)</sup> |  | 31 | &nbsp;&nbsp; 30118 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(b)</sup> |  | 89 | &nbsp;&nbsp; 86399 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/33<sup>(b)</sup> |  | 403 | &nbsp;&nbsp; 401711 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/34<sup>(b)</sup> | EUR | 800 | &nbsp;&nbsp; 860430 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/34<sup>(f)</sup> |  | 104 | &nbsp;&nbsp; 111856 |
| Millrose Properties, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/01/30 | USD | 972 | &nbsp;&nbsp; 971698 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/32 |  | 1368 | &nbsp;&nbsp; 1342839 |
| SBA Communications Corp., 3.13%, 02/01/29<sup>(d)</sup> |  | 651 | &nbsp;&nbsp; 616869 |
| Trust 2401, 7.70%, 01/23/32<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 213662 |
| Trust Fibra Uno, 7.70%, 01/23/32<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 211176 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital <br> LLC, 6.00%, 01/15/30<sup>(b)</sup><br>|  | 105 | &nbsp;&nbsp; 98760 |
|  |  |  | &nbsp;&nbsp; 6192393 |
| **Diversified Telecommunication Services — 6.6%** | **Diversified Telecommunication Services — 6.6%** | **Diversified Telecommunication Services — 6.6%** | **Diversified Telecommunication Services — 6.6%** |
| APLD ComputeCo 2 LLC, 6.75%, 03/15/31<sup>(b)</sup> |  | 1519 | &nbsp;&nbsp; 1507940 |
| APLD ComputeCo LLC, 9.25%, 12/15/30<sup>(b)</sup> |  | 534 | &nbsp;&nbsp; 550192 |
| AT&T, Inc., 4.35%, 06/15/45<sup>(d)</sup> |  | 2656 | &nbsp;&nbsp; 2142549 |
| Black Pearl Compute LLC, 6.13%, 02/15/31<sup>(b)</sup> |  | 1343 | &nbsp;&nbsp; 1366901 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Diversified Telecommunication Services (continued)** | **Diversified Telecommunication Services (continued)** | **Diversified Telecommunication Services (continued)** | **Diversified Telecommunication Services (continued)** |
| Cipher Compute LLC, 7.13%, 11/15/30<sup>(b)(d)</sup> | USD | 1223 | &nbsp;&nbsp; $1267063 |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect U.S. Finco LLC, 9.00%, <br> 09/15/29<sup>(b)</sup><br>|  | 400 | &nbsp;&nbsp; 420216 |
| Corning, Inc., 4.38%, 11/15/57<sup>(d)</sup> |  | 1915 | &nbsp;&nbsp; 1508036 |
| EchoStar Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; (6.75% Cash or 6.75% PIK), 6.75%, 11/30/30<sup>(d)(h)</sup> |  | 3125 | &nbsp;&nbsp; 3155398 |
| &nbsp;&nbsp;&nbsp; 10.75%, 11/30/29 |  | 1780 | &nbsp;&nbsp; 1923079 |
| eircom Finance DAC, 5.00%, 04/30/31<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 114816 |
| Eutelsat SA, 1.50%, 10/13/28<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 109686 |
| Fibercop SpA |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/30/30<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 114639 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/30/32<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 114430 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/30/34<sup>(b)</sup> | USD | 1271 | &nbsp;&nbsp; 1209085 |
| &nbsp;&nbsp;&nbsp; 7.20%, 07/18/36<sup>(b)</sup> |  | 358 | &nbsp;&nbsp; 355412 |
| Flash Compute LLC, 7.25%, 12/31/30<sup>(b)</sup> |  | 1906 | &nbsp;&nbsp; 1918944 |
| Frontier Communications Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28<sup>(b)(d)</sup> |  | 1139 | &nbsp;&nbsp; 1138822 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/29<sup>(b)</sup> |  | 151 | &nbsp;&nbsp; 151189 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 |  | 241 | &nbsp;&nbsp; 242502 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/30<sup>(b)</sup> |  | 319 | &nbsp;&nbsp; 320908 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/15/30<sup>(b)(d)</sup> |  | 1528 | &nbsp;&nbsp; 1567859 |
| Kaixo Bondco Telecom SA, 5.13%, 09/30/29<sup>(f)</sup> | EUR | 117 | &nbsp;&nbsp; 135573 |
| Level 3 Financing, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/15/29 | USD | 83 | &nbsp;&nbsp; 77812 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/30/33<sup>(d)</sup> |  | 3975 | &nbsp;&nbsp; 4047997 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/31/34<sup>(d)</sup> |  | 3950 | &nbsp;&nbsp; 4043164 |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/15/36<sup>(d)</sup> |  | 3611 | &nbsp;&nbsp; 3767901 |
| Lorca Telecom Bondco SA, 5.75%, 04/30/29<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 118655 |
| Sable International Finance Ltd., 7.13%, 10/15/32<sup>(b)</sup> | USD | 600 | &nbsp;&nbsp; 590465 |
| SoftBank Group Corp., 5.25%, 10/10/29<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 113693 |
| SV RNO Property Owner 1 LLC, 5.88%, 03/01/31<sup>(b)(d)</sup> | USD | 3717 | &nbsp;&nbsp; 3674227 |
| Telecom Italia Capital SA, 7.72%, 06/04/38 |  | 520 | &nbsp;&nbsp; 579117 |
| Turk Telekomunikasyon A/S, 6.95%, 10/07/32<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 194718 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/29 |  | 467 | &nbsp;&nbsp; 453568 |
| &nbsp;&nbsp;&nbsp; Series Feb, 8.63%, 06/15/32 |  | 1296 | &nbsp;&nbsp; 1319958 |
| Verizon Communications, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/10/33 |  | 500 | &nbsp;&nbsp; 484967 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/30/45 |  | 1590 | &nbsp;&nbsp; 1548343 |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/20/60 |  | 1250 | &nbsp;&nbsp; 718627 |
| Windstream Services LLC, 7.50%, 10/15/33<sup>(b)</sup> |  | 1206 | &nbsp;&nbsp; 1253820 |
| &nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance <br> Corp., 8.25%, 10/01/31<sup>(b)(d)</sup><br>|  | 2725 | &nbsp;&nbsp; 2848053 |
| WULF Compute LLC, 7.75%, 10/15/30<sup>(b)(d)</sup> |  | 1737 | &nbsp;&nbsp; 1835453 |
| Zayo Group Holdings, Inc.<sup>(b)(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (5.75% Cash and 0.50% PIK), 9.25%, 03/09/30<sup>(d)</sup> |  | 971 | &nbsp;&nbsp; 965043 |
| &nbsp;&nbsp;&nbsp; (7.13% Cash and 1.88% PIK), 13.75%, 09/09/30 |  | 438 | &nbsp;&nbsp; 408494 |
|  |  |  | &nbsp;&nbsp; 50379314 |
| **Electric Utilities — 2.5%** | **Electric Utilities — 2.5%** | **Electric Utilities — 2.5%** | **Electric Utilities — 2.5%** |
| AES Andes SA<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.30%, 03/15/29 |  | 200 | &nbsp;&nbsp; 204375 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 3.84%), 8.15%, 06/10/55<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 209650 |
| &nbsp;&nbsp;&nbsp; AES Panama Generation Holdings SRL, 4.38%, <br> 05/31/30<sup>(f)</sup><br>|  | 208 | &nbsp;&nbsp; 193132 |
| Alpha Generation LLC, 6.75%, 10/15/32<sup>(b)(d)</sup> |  | 440 | &nbsp;&nbsp; 446438 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable Infrastructure <br> PLC<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/32<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 111727 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/15/32<sup>(b)</sup> | USD | 290 | &nbsp;&nbsp; 283352 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| &nbsp;&nbsp;&nbsp; Constellation Energy Generation LLC, 5.00%, <br> 02/01/31<sup>(b)</sup><br>| USD | 88 | &nbsp;&nbsp; $88237 |
| ContourGlobal Power Holdings SA, 6.75%, 02/28/30<sup>(b)</sup> |  | 600 | &nbsp;&nbsp; 606744 |
| Duke Energy Corp., 4.80%, 12/15/45<sup>(d)</sup> |  | 1500 | &nbsp;&nbsp; 1280952 |
| FirstEnergy Corp., Series C, 3.40%, 03/01/50<sup>(d)</sup> |  | 3410 | &nbsp;&nbsp; 2268665 |
| Minejesa Capital BV, 5.63%, 08/10/37<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 191460 |
| Mong Duong Finance Holdings BV, 5.13%, 05/07/29<sup>(f)</sup> |  | 145 | &nbsp;&nbsp; 142355 |
| MVM Energetika Zrt, 7.50%, 06/09/28<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 207616 |
| Pacific Gas and Electric Co.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/01/50 |  | 910 | &nbsp;&nbsp; 753822 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/53 |  | 1450 | &nbsp;&nbsp; 1504500 |
| Public Power Corp. SA, 4.63%, 10/31/31<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 115135 |
| Renew Treasury Ifsc Pvt Ltd., 6.50%, 02/02/31<sup>(b)</sup> | USD | 200 | &nbsp;&nbsp; 193938 |
| Talen Energy Supply LLC, 8.63%, 06/01/30<sup>(b)</sup> |  | 98 | &nbsp;&nbsp; 102810 |
| TransAlta Corp., 5.88%, 02/01/34 |  | 343 | &nbsp;&nbsp; 340691 |
| Virginia Electric and Power Co., 6.35%, 11/30/37<sup>(d)</sup> |  | 750 | &nbsp;&nbsp; 807429 |
| Vistra Operations Co. LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 10/15/31 |  | 480 | &nbsp;&nbsp; 502791 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/32 |  | 438 | &nbsp;&nbsp; 453307 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/31/36<sup>(d)</sup> |  | 2000 | &nbsp;&nbsp; 1956387 |
| VoltaGrid LLC, 7.38%, 11/01/30<sup>(b)(d)</sup> |  | 2391 | &nbsp;&nbsp; 2469446 |
| XPLR Infrastructure Operating Partners LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/31 |  | 1456 | &nbsp;&nbsp; 1532733 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/33 |  | 736 | &nbsp;&nbsp; 777524 |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/34 |  | 1117 | &nbsp;&nbsp; 1153584 |
|  |  |  | &nbsp;&nbsp; 18898800 |
| **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.4%** | **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.4%** | **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.4%** | **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.4%** |
| Coherent Corp., 5.00%, 12/15/29<sup>(d)</sup> |  | 547 | &nbsp;&nbsp; 536510 |
| Sensata Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/30 |  | 810 | &nbsp;&nbsp; 774630 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31 |  | 26 | &nbsp;&nbsp; 24116 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/32 |  | 500 | &nbsp;&nbsp; 509992 |
| WESCO Distribution, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/31 |  | 327 | &nbsp;&nbsp; 325048 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32 |  | 197 | &nbsp;&nbsp; 201635 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/33 |  | 353 | &nbsp;&nbsp; 359623 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/34 |  | 519 | &nbsp;&nbsp; 511137 |
| Zebra Technologies Corp., 6.50%, 06/01/32 |  | 184 | &nbsp;&nbsp; 185254 |
|  |  |  | &nbsp;&nbsp; 3427945 |
| **Energy Equipment & Services — 1.3%** | **Energy Equipment & Services — 1.3%** | **Energy Equipment & Services — 1.3%** | **Energy Equipment & Services — 1.3%** |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/28 |  | 770 | &nbsp;&nbsp; 770000 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/01/32 |  | 639 | &nbsp;&nbsp; 651559 |
| &nbsp;&nbsp;&nbsp; Archrock Services LP/Archrock Partners Finance Corp., <br> 6.00%, 02/01/34<sup>(b)</sup><br>|  | 1090 | &nbsp;&nbsp; 1079169 |
| Enerflex, Inc., 6.88%, 01/15/31<sup>(b)</sup> |  | 62 | &nbsp;&nbsp; 63303 |
| Kodiak Gas Services LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/29<sup>(d)</sup> |  | 685 | &nbsp;&nbsp; 709698 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/01/31 |  | 846 | &nbsp;&nbsp; 850190 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/33 |  | 447 | &nbsp;&nbsp; 451828 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/01/35<sup>(d)</sup> |  | 1169 | &nbsp;&nbsp; 1187601 |
| Oceaneering International, Inc., 6.00%, 02/01/28 |  | 92 | &nbsp;&nbsp; 92374 |
| OEG Finance PLC, 7.25%, 09/27/29<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 119051 |
| Star Holding LLC, 8.75%, 08/01/31<sup>(b)</sup> | USD | 783 | &nbsp;&nbsp; 794381 |
| Tidewater, Inc., 9.13%, 07/15/30<sup>(b)</sup> |  | 280 | &nbsp;&nbsp; 298293 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression <br> Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/29 |  | 509 | &nbsp;&nbsp; 520797 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Energy Equipment & Services (continued)** | **Energy Equipment & Services (continued)** | **Energy Equipment & Services (continued)** | **Energy Equipment & Services (continued)** |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression <br> Finance Corp.<sup>(b)</sup> (continued)<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/33<sup>(d)</sup> | USD | 1335 | &nbsp;&nbsp; $1330801 |
| Weatherford International Ltd., 6.75%, 10/15/33<sup>(b)</sup> |  | 1023 | &nbsp;&nbsp; 1045270 |
|  |  |  | &nbsp;&nbsp; 9964315 |
| **Entertainment — 2.1%** | **Entertainment — 2.1%** | **Entertainment — 2.1%** | **Entertainment — 2.1%** |
| &nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing U.K. PLC, 4.13%, <br> 02/15/31<sup>(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 108751 |
| Boyne USA, Inc., 4.75%, 05/15/29<sup>(b)</sup> | USD | 397 | &nbsp;&nbsp; 385089 |
| &nbsp;&nbsp;&nbsp; Brightstar Lottery PLC/Brightstar Global Solutions Corp., <br> 5.75%, 01/15/33<sup>(b)</sup><br>|  | 372 | &nbsp;&nbsp; 361613 |
| Caesars Entertainment, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/29 |  | 445 | &nbsp;&nbsp; 428043 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/30<sup>(d)</sup> |  | 1631 | &nbsp;&nbsp; 1651143 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/32 |  | 1184 | &nbsp;&nbsp; 1170216 |
| Churchill Downs, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 |  | 374 | &nbsp;&nbsp; 368958 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/01/30 |  | 1275 | &nbsp;&nbsp; 1260927 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/31 |  | 508 | &nbsp;&nbsp; 517551 |
| Cinemark USA, Inc., 7.00%, 08/01/32<sup>(b)</sup> |  | 101 | &nbsp;&nbsp; 103776 |
| Discovery Global Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.28%, 03/15/32 |  | 595 | &nbsp;&nbsp; 526575 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/42<sup>(d)</sup> |  | 1765 | &nbsp;&nbsp; 1162792 |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp./Raptor LLC, 8.75%, <br> 11/15/29<sup>(b)</sup><br>|  | 962 | &nbsp;&nbsp; 938533 |
| Light & Wonder International, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/29 |  | 213 | &nbsp;&nbsp; 217132 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/31<sup>(d)</sup> |  | 110 | &nbsp;&nbsp; 112893 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/33 |  | 268 | &nbsp;&nbsp; 262557 |
| Live Nation Entertainment, Inc., 4.75%, 10/15/27<sup>(b)(d)</sup> |  | 412 | &nbsp;&nbsp; 409439 |
| &nbsp;&nbsp;&nbsp; Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, <br> 02/15/31<sup>(b)</sup><br>|  | 600 | &nbsp;&nbsp; 500743 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC, 8.25%, 04/15/30<sup>(b)</sup><br>|  | 342 | &nbsp;&nbsp; 350116 |
| Motion Bondco DAC, 6.63%, 11/15/27<sup>(b)</sup> |  | 204 | &nbsp;&nbsp; 195272 |
| Odeon Finco PLC, 12.75%, 11/01/27<sup>(b)</sup> |  | 400 | &nbsp;&nbsp; 411732 |
| Pinewood Finco PLC, 6.00%, 03/27/30<sup>(f)</sup> | GBP | 100 | &nbsp;&nbsp; 129131 |
| &nbsp;&nbsp;&nbsp; Premier Entertainment Sub LLC/Premier Entertainment <br> Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/01/29 | USD | 148 | &nbsp;&nbsp; 90280 |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/01/31 |  | 214 | &nbsp;&nbsp; 117700 |
| Rivers Enterprise Borrower LLC, 6.25%, 10/15/30<sup>(b)</sup> |  | 213 | &nbsp;&nbsp; 212462 |
| &nbsp;&nbsp;&nbsp; Rivers Enterprise Borrower LLC/Rivers Enterprise <br> Finance Corp., 6.63%, 02/01/33<sup>(b)</sup><br>|  | 225 | &nbsp;&nbsp; 223306 |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP/Scientific Games <br> U.S. FinCo, Inc., 6.63%, 03/01/30<sup>(b)</sup><br>|  | 274 | &nbsp;&nbsp; 235715 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp/Canada's Wonderland <br> Co/Millennium Operations LLC, 8.63%, 01/15/32<sup>(b)</sup><br>|  | 182 | &nbsp;&nbsp; 182294 |
| Starz Capital Holdings 1, Inc., 6.00%, 04/15/30<sup>(b)</sup> |  | 303 | &nbsp;&nbsp; 278003 |
| Vail Resorts, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/30 |  | 278 | &nbsp;&nbsp; 275700 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32 |  | 479 | &nbsp;&nbsp; 484398 |
| Voyager Parent LLC, 9.25%, 07/01/32<sup>(b)</sup> |  | 414 | &nbsp;&nbsp; 429821 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/29 |  | 958 | &nbsp;&nbsp; 945614 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31<sup>(d)</sup> |  | 275 | &nbsp;&nbsp; 288267 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 |  | 606 | &nbsp;&nbsp; 599697 |
|  |  |  | &nbsp;&nbsp; 15936239 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Environmental, Maintenance & Security Service — 0.9%** | **Environmental, Maintenance & Security Service — 0.9%** | **Environmental, Maintenance & Security Service — 0.9%** | **Environmental, Maintenance & Security Service — 0.9%** |
| Biffa Group Holdings Ltd.<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/31 | EUR | 100 | &nbsp;&nbsp; $111815 |
| &nbsp;&nbsp;&nbsp; 7.38%, 06/15/31 | GBP | 100 | &nbsp;&nbsp; 129249 |
| Clean Harbors, Inc., 6.38%, 02/01/31<sup>(b)</sup> | USD | 53 | &nbsp;&nbsp; 53826 |
| &nbsp;&nbsp;&nbsp; GFL Environmental Holdings U.S., Inc., 5.50%, <br> 02/01/34<sup>(b)</sup><br>|  | 758 | &nbsp;&nbsp; 743443 |
| GFL Environmental, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/28 |  | 567 | &nbsp;&nbsp; 551193 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/29 |  | 519 | &nbsp;&nbsp; 504947 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/31 |  | 444 | &nbsp;&nbsp; 459463 |
| Luna 15 SARL<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (10.50% PIK), 10.50%, 07/01/32<sup>(b)</sup> | EUR | 145 | &nbsp;&nbsp; 177654 |
| &nbsp;&nbsp;&nbsp; (10.50% PIK), 10.50%, 07/01/32<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 122520 |
| Madison IAQ LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/30/28 | USD | 320 | &nbsp;&nbsp; 312510 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/30/29 |  | 1160 | &nbsp;&nbsp; 1137565 |
| Paprec Holding SA, 4.13%, 07/15/30<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 113347 |
| Reworld Holding Corp., 4.88%, 12/01/29<sup>(b)</sup> | USD | 181 | &nbsp;&nbsp; 169680 |
| Waste Pro USA, Inc., 7.00%, 02/01/33<sup>(b)(d)</sup> |  | 2341 | &nbsp;&nbsp; 2367339 |
|  |  |  | &nbsp;&nbsp; 6954551 |
| **Financial Services — 4.5%** | **Financial Services — 4.5%** | **Financial Services — 4.5%** | **Financial Services — 4.5%** |
| &nbsp;&nbsp;&nbsp; Ally Financial, Inc., Series B, (5-year CMT + 3.87%), <br> 4.70%<sup>(a)(d)(i)</sup><br>|  | 3000 | &nbsp;&nbsp; 2971997 |
| Azorra Finance Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/30 |  | 223 | &nbsp;&nbsp; 229851 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31 |  | 155 | &nbsp;&nbsp; 156502 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/34 |  | 194 | &nbsp;&nbsp; 180310 |
| BNP Paribas SA, (5-year CMT + 4.90%), 7.75%<sup>(a)(b)(i)</sup> |  | 3000 | &nbsp;&nbsp; 3094464 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc., (1-day SOFR + 1.49%), 5.17%, <br> 09/11/36<sup>(a)(d)</sup><br>|  | 2000 | &nbsp;&nbsp; 1982584 |
| CrossCountry Intermediate HoldCo LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/30 |  | 101 | &nbsp;&nbsp; 96267 |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/01/32 |  | 108 | &nbsp;&nbsp; 101623 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG, (1-day SOFR + 3.18%), 6.72%, <br> 01/18/29<sup>(a)(d)</sup><br>|  | 815 | &nbsp;&nbsp; 844377 |
| Freedom Mortgage Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/01/31 |  | 88 | &nbsp;&nbsp; 82272 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/15/31 |  | 551 | &nbsp;&nbsp; 560091 |
| &nbsp;&nbsp;&nbsp; 8.38%, 04/01/32 |  | 125 | &nbsp;&nbsp; 122962 |
| GGAM Finance Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/15/28 |  | 177 | &nbsp;&nbsp; 183701 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/29 |  | 341 | &nbsp;&nbsp; 348585 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/30 |  | 281 | &nbsp;&nbsp; 279946 |
| Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27<sup>(b)</sup> |  | 469 | &nbsp;&nbsp; 475894 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc., (1-day SOFR + 1.19%), <br> 5.07%, 01/21/37<sup>(a)(d)</sup><br>|  | 2000 | &nbsp;&nbsp; 1955344 |
| &nbsp;&nbsp;&nbsp; Intrum Investments And Financing AB, 8.00%, <br> 09/11/27<sup>(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 114906 |
| JPMorgan Chase & Co.<sup>(a)(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.13%), 5.00%, 07/22/30 | USD | 3000 | &nbsp;&nbsp; 3042591 |
| &nbsp;&nbsp;&nbsp; (3-mo. CME Term SOFR + 1.21%), 3.51%, 01/23/29 |  | 2250 | &nbsp;&nbsp; 2213641 |
| Midcap Financial Issuer Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/01/28 |  | 200 | &nbsp;&nbsp; 194077 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/15/30 |  | 400 | &nbsp;&nbsp; 372744 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, (1-day SOFR + 1.26%), 5.66%, <br> 04/18/30<sup>(a)(d)</sup><br>|  | 3000 | &nbsp;&nbsp; 3086164 |
| PennyMac Financial Services, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/15/29<sup>(d)</sup> |  | 266 | &nbsp;&nbsp; 272109 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/30 |  | 319 | &nbsp;&nbsp; 317014 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/32 |  | 674 | &nbsp;&nbsp; 650405 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/34 |  | 617 | &nbsp;&nbsp; 577412 |
| Phoenix Aviation Capital Ltd., 9.25%, 07/15/30<sup>(b)</sup> |  | 1639 | &nbsp;&nbsp; 1649309 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |
| PRA Group Europe Holding II SARL, 6.25%, 09/30/32<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; $109320 |
| Rocket Cos., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/01/29 | USD | 456 | &nbsp;&nbsp; 461132 |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/01/30 |  | 1507 | &nbsp;&nbsp; 1520905 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/32<sup>(d)</sup> |  | 1250 | &nbsp;&nbsp; 1288416 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/01/33 |  | 2109 | &nbsp;&nbsp; 2131659 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, <br> Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/15/26 |  | 333 | &nbsp;&nbsp; 329398 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/31 |  | 74 | &nbsp;&nbsp; 68286 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/33 |  | 35 | &nbsp;&nbsp; 31373 |
| &nbsp;&nbsp;&nbsp; Titanium 2l Bondco SARL, (6.25% PIK), 6.25%, <br> 01/14/31<sup>(h)</sup><br>| EUR | 100 | &nbsp;&nbsp; 16760 |
| UBS AG, 5.00%, 07/09/27<sup>(d)</sup> | USD | 900 | &nbsp;&nbsp; 907917 |
| UWM Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/30 |  | 784 | &nbsp;&nbsp; 739447 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/31 |  | 881 | &nbsp;&nbsp; 802314 |
|  |  |  | &nbsp;&nbsp; 34564069 |
| **Food Products — 1.2%** | **Food Products — 1.2%** | **Food Products — 1.2%** | **Food Products — 1.2%** |
| Aramark Services, Inc., 5.00%, 02/01/28<sup>(b)</sup> |  | 492 | &nbsp;&nbsp; 489096 |
| B&G Foods, Inc., 8.00%, 09/15/28<sup>(b)</sup> |  | 118 | &nbsp;&nbsp; 116195 |
| &nbsp;&nbsp;&nbsp; Chobani Holdco II LLC, (8.75% in Cash or 9.50% in <br> PIK), 8.75%, 10/01/29<sup>(b)(h)</sup><br>|  | 1529 | &nbsp;&nbsp; 1626918 |
| Chobani LLC/Chobani Finance Corp., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/28 |  | 1198 | &nbsp;&nbsp; 1177666 |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/29 |  | 1528 | &nbsp;&nbsp; 1561398 |
| Darling Global Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/15/32<sup>(b)</sup> | EUR | 250 | &nbsp;&nbsp; 287536 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/15/32<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 115014 |
| Darling Ingredients, Inc., 6.00%, 06/15/30<sup>(b)(d)</sup> | USD | 84 | &nbsp;&nbsp; 84587 |
| Elior Group SA, 5.63%, 03/15/30<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 116660 |
| Fiesta Purchaser, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/01/31 | USD | 25 | &nbsp;&nbsp; 25452 |
| &nbsp;&nbsp;&nbsp; 9.63%, 09/15/32 |  | 117 | &nbsp;&nbsp; 119161 |
| Froneri Lux FinCo SARL, 4.75%, 08/01/32<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 109185 |
| &nbsp;&nbsp;&nbsp; Irca SpA, (3-mo. EURIBOR + 3.75%), 5.90%, <br> 12/15/29<sup>(a)(f)</sup><br>|  | 100 | &nbsp;&nbsp; 115768 |
| Lamb Weston Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/31/30 | USD | 368 | &nbsp;&nbsp; 350353 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/31/32<sup>(d)</sup> |  | 516 | &nbsp;&nbsp; 479339 |
| Post Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/15/30 |  | 397 | &nbsp;&nbsp; 381122 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/31 |  | 42 | &nbsp;&nbsp; 39052 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/32 |  | 130 | &nbsp;&nbsp; 131344 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/33 |  | 317 | &nbsp;&nbsp; 312290 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/34 |  | 600 | &nbsp;&nbsp; 587524 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/15/36 |  | 760 | &nbsp;&nbsp; 744284 |
| Premier Foods Finance PLC, 3.50%, 10/15/26<sup>(f)</sup> | GBP | 100 | &nbsp;&nbsp; 130892 |
|  |  |  | &nbsp;&nbsp; 9100836 |
| **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** |
| Genesee & Wyoming, Inc., 6.25%, 04/15/32<sup>(b)</sup> | USD | 568 | &nbsp;&nbsp; 574788 |
| Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34<sup>(b)(d)</sup> |  | 1491 | &nbsp;&nbsp; 1520277 |
| Union Pacific Corp., 3.20%, 05/20/41 |  | 275 | &nbsp;&nbsp; 211591 |
| &nbsp;&nbsp;&nbsp; Watco Cos. LLC/Watco Finance Corp., 7.13%, <br> 08/01/32<sup>(b)</sup><br>|  | 291 | &nbsp;&nbsp; 298861 |
|  |  |  | &nbsp;&nbsp; 2605517 |
| **Health Care Equipment & Supplies**<sup>(b)</sup> **— 0.7%** | **Health Care Equipment & Supplies**<sup>(b)</sup> **— 0.7%** | **Health Care Equipment & Supplies**<sup>(b)</sup> **— 0.7%** | **Health Care Equipment & Supplies**<sup>(b)</sup> **— 0.7%** |
| Avantor Funding, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/28<sup>(d)</sup> |  | 624 | &nbsp;&nbsp; 609032 |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/29 |  | 31 | &nbsp;&nbsp; 29084 |
| Bausch & Lomb Corp., 8.38%, 10/01/28 |  | 1440 | &nbsp;&nbsp; 1486800 |
| Hologic, Inc., 3.25%, 02/15/29 |  | 22 | &nbsp;&nbsp; 21962 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** |
| Insulet Corp., 6.50%, 04/01/33 | USD | 187 | &nbsp;&nbsp; $190871 |
| Medline Borrower LP, 5.25%, 10/01/29<sup>(d)</sup> |  | 2001 | &nbsp;&nbsp; 1983378 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, <br> 04/01/29<br>|  | 557 | &nbsp;&nbsp; 567573 |
| Neogen Food Safety Corp., 8.63%, 07/20/30 |  | 233 | &nbsp;&nbsp; 244726 |
|  |  |  | &nbsp;&nbsp; 5133426 |
| **Health Care Providers & Services — 3.1%** | **Health Care Providers & Services — 3.1%** | **Health Care Providers & Services — 3.1%** | **Health Care Providers & Services — 3.1%** |
| Acadia Healthcare Co., Inc., 7.38%, 03/15/33<sup>(b)(d)</sup> |  | 168 | &nbsp;&nbsp; 172003 |
| AHP Health Partners, Inc., 5.75%, 07/15/29<sup>(b)</sup> |  | 1233 | &nbsp;&nbsp; 1219343 |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, Inc., 4.00%, <br> 03/15/31<sup>(b)</sup><br>|  | 55 | &nbsp;&nbsp; 51166 |
| CHS/Community Health Systems, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/30<sup>(d)</sup> |  | 2298 | &nbsp;&nbsp; 2165824 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/31 |  | 800 | &nbsp;&nbsp; 737539 |
| &nbsp;&nbsp;&nbsp; 10.88%, 01/15/32<sup>(d)</sup> |  | 386 | &nbsp;&nbsp; 414124 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/34 |  | 2211 | &nbsp;&nbsp; 2294726 |
| Concentra Health Services, Inc., 6.88%, 07/15/32<sup>(b)</sup> |  | 522 | &nbsp;&nbsp; 539677 |
| DaVita, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/32 |  | 86 | &nbsp;&nbsp; 88101 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/33 |  | 49 | &nbsp;&nbsp; 49841 |
| Ephios Subco 3 SARL, 7.88%, 01/31/31<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 121049 |
| Fortrea Holdings, Inc., 7.50%, 07/01/30<sup>(b)</sup> | USD | 98 | &nbsp;&nbsp; 92875 |
| HAH Group Holding Co. LLC, 9.75%, 10/01/31<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 175213 |
| HCA, Inc., 5.70%, 11/15/55<sup>(d)</sup> |  | 1650 | &nbsp;&nbsp; 1534899 |
| HealthEquity, Inc., 4.50%, 10/01/29<sup>(b)</sup> |  | 559 | &nbsp;&nbsp; 540825 |
| IQVIA, Inc., 6.25%, 06/01/32<sup>(b)</sup> |  | 1220 | &nbsp;&nbsp; 1238899 |
| LifePoint Health, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.88%, 08/15/30 |  | 193 | &nbsp;&nbsp; 204100 |
| &nbsp;&nbsp;&nbsp; 11.00%, 10/15/30<sup>(d)</sup> |  | 1038 | &nbsp;&nbsp; 1116338 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32 |  | 624 | &nbsp;&nbsp; 666383 |
| &nbsp;&nbsp;&nbsp; 10.00%, 06/01/32 |  | 961 | &nbsp;&nbsp; 981402 |
| Molina Healthcare, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/30 |  | 302 | &nbsp;&nbsp; 269997 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/31 |  | 598 | &nbsp;&nbsp; 587897 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/33 |  | 141 | &nbsp;&nbsp; 136712 |
| Northwell Healthcare, Inc., 4.26%, 11/01/47<sup>(d)</sup> |  | 686 | &nbsp;&nbsp; 555734 |
| Option Care Health, Inc., 4.38%, 10/31/29<sup>(b)</sup> |  | 314 | &nbsp;&nbsp; 302633 |
| Prime Healthcare Services, Inc., 9.38%, 09/01/29<sup>(b)</sup> |  | 152 | &nbsp;&nbsp; 157624 |
| Sotera Health Holdings LLC, 7.38%, 06/01/31<sup>(b)</sup> |  | 259 | &nbsp;&nbsp; 267540 |
| Star Parent, Inc., 9.00%, 10/01/30<sup>(b)(d)</sup> |  | 953 | &nbsp;&nbsp; 987309 |
| Surgery Center Holdings, Inc., 7.25%, 04/15/32<sup>(b)(d)</sup> |  | 2489 | &nbsp;&nbsp; 2444629 |
| Tenet Healthcare Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/31 |  | 1097 | &nbsp;&nbsp; 1121280 |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/15/32<sup>(b)</sup> |  | 295 | &nbsp;&nbsp; 292279 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/15/33<sup>(b)</sup> |  | 431 | &nbsp;&nbsp; 436106 |
| U.S. Acute Care Solutions LLC, 9.75%, 05/15/29<sup>(b)</sup> |  | 931 | &nbsp;&nbsp; 899391 |
| UnitedHealth Group, Inc., 3.95%, 10/15/42<sup>(d)</sup> |  | 750 | &nbsp;&nbsp; 606487 |
|  |  |  | &nbsp;&nbsp; 23469945 |
| **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** |
| Diversified Healthcare Trust, 7.25%, 10/15/30<sup>(b)</sup> |  | 182 | &nbsp;&nbsp; 183564 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/32<sup>(b)</sup> | EUR | 355 | &nbsp;&nbsp; 403809 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/32<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 113749 |
| &nbsp;&nbsp;&nbsp; 8.50%, 02/15/32<sup>(b)</sup> | USD | 1693 | &nbsp;&nbsp; 1716384 |
|  |  |  | &nbsp;&nbsp; 2417506 |
| **Hotel & Resort REITs — 0.9%** | **Hotel & Resort REITs — 0.9%** | **Hotel & Resort REITs — 0.9%** | **Hotel & Resort REITs — 0.9%** |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property <br> LLC/PK Finance Co-Issuer, 7.00%, 02/01/30<sup>(b)</sup><br>|  | 295 | &nbsp;&nbsp; 298612 |
| &nbsp;&nbsp;&nbsp; Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, <br> 10/15/29<sup>(b)</sup><br>|  | 158 | &nbsp;&nbsp; 158287 |
| RHP Hotel Properties LP/RHP Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/29 |  | 142 | &nbsp;&nbsp; 137654 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotel & Resort REITs (continued)** | **Hotel & Resort REITs (continued)** | **Hotel & Resort REITs (continued)** | **Hotel & Resort REITs (continued)** |
| &nbsp;&nbsp;&nbsp; RHP Hotel Properties LP/RHP Finance <br> Corp.<sup>(b)</sup> (continued)<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/32 | USD | 1028 | &nbsp;&nbsp; $1046623 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33 |  | 485 | &nbsp;&nbsp; 493864 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/15/34 |  | 900 | &nbsp;&nbsp; 888168 |
| Service Properties Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 09/30/28<sup>(b)(l)</sup> |  | 1115 | &nbsp;&nbsp; 1014422 |
| &nbsp;&nbsp;&nbsp; 8.63%, 11/15/31<sup>(b)(d)</sup> |  | 2330 | &nbsp;&nbsp; 2433270 |
| &nbsp;&nbsp;&nbsp; 8.88%, 06/15/32 |  | 259 | &nbsp;&nbsp; 256705 |
| XHR LP, 6.63%, 05/15/30<sup>(b)</sup> |  | 156 | &nbsp;&nbsp; 157498 |
|  |  |  | &nbsp;&nbsp; 6885103 |
| **Hotels, Restaurants & Leisure — 1.2%** | **Hotels, Restaurants & Leisure — 1.2%** | **Hotels, Restaurants & Leisure — 1.2%** | **Hotels, Restaurants & Leisure — 1.2%** |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands International, Inc.)/New <br> Red Finance, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/28 |  | 69 | &nbsp;&nbsp; 67446 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/28 |  | 58 | &nbsp;&nbsp; 57188 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/30 |  | 771 | &nbsp;&nbsp; 724682 |
| Essendi SA, 5.50%, 11/15/31<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 113011 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment <br> Finance Co., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/29 | USD | 412 | &nbsp;&nbsp; 393760 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/30 |  | 172 | &nbsp;&nbsp; 160657 |
| Fortune Star BVI Ltd., 5.88%, 11/20/30<sup>(f)</sup> | EUR | 125 | &nbsp;&nbsp; 134006 |
| Hilton Domestic Operating Co., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/32 | USD | 195 | &nbsp;&nbsp; 197926 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/33 |  | 571 | &nbsp;&nbsp; 574486 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/33 |  | 185 | &nbsp;&nbsp; 184165 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/31/34 |  | 397 | &nbsp;&nbsp; 387860 |
| MajorDrive Holdings IV LLC, 6.38%, 06/01/29<sup>(b)</sup> |  | 352 | &nbsp;&nbsp; 260362 |
| Melco Resorts Finance Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/21/28 |  | 200 | &nbsp;&nbsp; 196386 |
| &nbsp;&nbsp;&nbsp; 5.38%, 12/04/29 |  | 1000 | &nbsp;&nbsp; 958750 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/17/32 |  | 744 | &nbsp;&nbsp; 755335 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/24/33 |  | 200 | &nbsp;&nbsp; 191886 |
| MGM China Holdings Ltd., 7.13%, 06/26/31<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 204100 |
| MGM Resorts International, 6.13%, 09/15/29 |  | 428 | &nbsp;&nbsp; 430536 |
| Station Casinos LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/31 |  | 354 | &nbsp;&nbsp; 330526 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32 |  | 173 | &nbsp;&nbsp; 173671 |
| Wyndham Hotels & Resorts, Inc., 5.63%, 03/01/33<sup>(b)</sup> |  | 241 | &nbsp;&nbsp; 237138 |
| Wynn Macau Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28<sup>(b)</sup> |  | 1163 | &nbsp;&nbsp; 1143185 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 196593 |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/29<sup>(b)</sup> |  | 610 | &nbsp;&nbsp; 583190 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/34<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 194500 |
|  |  |  | &nbsp;&nbsp; 8851345 |
| **Household Durables — 1.0%** | **Household Durables — 1.0%** | **Household Durables — 1.0%** | **Household Durables — 1.0%** |
| Ashton Woods USA LLC/Ashton Woods Finance Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/01/30 |  | 185 | &nbsp;&nbsp; 171704 |
| &nbsp;&nbsp;&nbsp; 6.88%, 08/01/33 |  | 188 | &nbsp;&nbsp; 181370 |
| Beazer Homes USA, Inc., 5.88%, 10/15/27 |  | 74 | &nbsp;&nbsp; 73642 |
| &nbsp;&nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield <br> Residential U.S. LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/29 |  | 874 | &nbsp;&nbsp; 829247 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30 |  | 1308 | &nbsp;&nbsp; 1200917 |
| Central Garden & Pet Co., 4.13%, 10/15/30 |  | 159 | &nbsp;&nbsp; 149590 |
| Century Communities, Inc., 6.63%, 09/15/33<sup>(b)(d)</sup> |  | 411 | &nbsp;&nbsp; 402635 |
| Dream Finders Homes, Inc., 8.25%, 08/15/28<sup>(b)</sup> |  | 151 | &nbsp;&nbsp; 153430 |
| Empire Communities Corp., 9.75%, 05/01/29<sup>(b)</sup> |  | 67 | &nbsp;&nbsp; 67274 |
| Installed Building Products, Inc., 5.63%, 02/01/34<sup>(b)</sup> |  | 355 | &nbsp;&nbsp; 346408 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Household Durables (continued)** | **Household Durables (continued)** | **Household Durables (continued)** | **Household Durables (continued)** |
| K Hovnanian Enterprises, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/01/31 | USD | 860 | &nbsp;&nbsp; $850269 |
| &nbsp;&nbsp;&nbsp; 8.38%, 10/01/33 |  | 651 | &nbsp;&nbsp; 643769 |
| LGI Homes, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 12/15/28 |  | 116 | &nbsp;&nbsp; 118683 |
| &nbsp;&nbsp;&nbsp; 7.00%, 11/15/32 |  | 291 | &nbsp;&nbsp; 269823 |
| Mattamy Group Corp., 6.00%, 12/15/33<sup>(b)</sup> |  | 111 | &nbsp;&nbsp; 104235 |
| Meritage Homes Corp., 1.75%, 05/15/28<sup>(d)(j)</sup> |  | 521 | &nbsp;&nbsp; 501723 |
| Newell Brands, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/01/28<sup>(b)</sup> |  | 304 | &nbsp;&nbsp; 313789 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/15/29 |  | 106 | &nbsp;&nbsp; 103465 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/30 |  | 125 | &nbsp;&nbsp; 119989 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/32 |  | 181 | &nbsp;&nbsp; 173214 |
| Risewell Homes, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.25%, 10/01/29 |  | 296 | &nbsp;&nbsp; 299004 |
| &nbsp;&nbsp;&nbsp; 8.50%, 11/01/30 |  | 94 | &nbsp;&nbsp; 91915 |
| Scotts Miracle-Gro Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/15/29 |  | 64 | &nbsp;&nbsp; 62565 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/32 |  | 15 | &nbsp;&nbsp; 14010 |
| Somnigroup International, Inc., 3.88%, 10/15/31<sup>(b)</sup> |  | 66 | &nbsp;&nbsp; 60004 |
| STL Holding Co. LLC, 8.75%, 02/15/29<sup>(b)</sup> |  | 158 | &nbsp;&nbsp; 163235 |
| Taylor Morrison Communities, Inc., 5.75%, 11/15/32<sup>(b)</sup> |  | 166 | &nbsp;&nbsp; 166145 |
|  |  |  | &nbsp;&nbsp; 7632054 |
| **Independent Power and Renewable Electricity Producers**<sup>(b)</sup> **— 1.0%** | **Independent Power and Renewable Electricity Producers**<sup>(b)</sup> **— 1.0%** | **Independent Power and Renewable Electricity Producers**<sup>(b)</sup> **— 1.0%** | **Independent Power and Renewable Electricity Producers**<sup>(b)</sup> **— 1.0%** |
| Clearway Energy Operating LLC, 4.75%, 03/15/28 |  | 53 | &nbsp;&nbsp; 52293 |
| Lightning Power LLC, 7.25%, 08/15/32 |  | 126 | &nbsp;&nbsp; 130974 |
| NRG Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/29 |  | 260 | &nbsp;&nbsp; 259611 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/33 |  | 1038 | &nbsp;&nbsp; 1038265 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/34 |  | 916 | &nbsp;&nbsp; 903565 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/34 |  | 847 | &nbsp;&nbsp; 853752 |
| &nbsp;&nbsp;&nbsp; 5.41%, 10/15/35<sup>(d)</sup> |  | 1000 | &nbsp;&nbsp; 980925 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/36<sup>(d)</sup> |  | 3402 | &nbsp;&nbsp; 3371066 |
| Vistra Corp., (5-year CMT + 6.93%), 8.00%<sup>(a)(i)</sup> |  | 240 | &nbsp;&nbsp; 242544 |
|  |  |  | &nbsp;&nbsp; 7832995 |
| **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** |
| Amsted Industries, Inc., 6.38%, 03/15/33<sup>(b)</sup> |  | 169 | &nbsp;&nbsp; 169837 |
| Avient Corp., 6.25%, 11/01/31<sup>(b)</sup> |  | 227 | &nbsp;&nbsp; 228585 |
| Axon Enterprise, Inc., 6.25%, 03/15/33<sup>(b)</sup> |  | 142 | &nbsp;&nbsp; 144946 |
| Enpro, Inc., 6.13%, 06/01/33<sup>(b)</sup> |  | 219 | &nbsp;&nbsp; 221511 |
| Maxam Prill SARL, 6.00%, 07/15/30<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 114227 |
|  |  |  | &nbsp;&nbsp; 879106 |
| **Insurance — 5.7%** | **Insurance — 5.7%** | **Insurance — 5.7%** | **Insurance — 5.7%** |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-<br> Issuer<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/15/27 | USD | 2111 | &nbsp;&nbsp; 2068900 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/15/27<sup>(d)</sup> |  | 141 | &nbsp;&nbsp; 140893 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29<sup>(d)</sup> |  | 2301 | &nbsp;&nbsp; 2226285 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/31 |  | 1268 | &nbsp;&nbsp; 1278793 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/31 |  | 230 | &nbsp;&nbsp; 225848 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/32<sup>(d)</sup> |  | 2170 | &nbsp;&nbsp; 2149279 |
| AmWINS Group, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/15/29 |  | 120 | &nbsp;&nbsp; 120695 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/30/29 |  | 147 | &nbsp;&nbsp; 140821 |
| &nbsp;&nbsp;&nbsp; Amynta Agency Borrower, Inc. and Amynta Warranty <br> Borrower, Inc., 7.50%, 07/15/33<sup>(b)</sup><br>|  | 460 | &nbsp;&nbsp; 436235 |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset Investor <br> 2 LLC/APH3 Somerset Investor 2 LLC, 7.88%, <br> 11/01/29<sup>(b)</sup><br>|  | 617 | &nbsp;&nbsp; 557935 |
| Ardonagh Finco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 02/15/31<sup>(f)</sup> | EUR | 375 | &nbsp;&nbsp; 430454 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Ardonagh Finco Ltd. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/31<sup>(b)(d)</sup> | USD | 2814 | &nbsp;&nbsp; $2846972 |
| Ardonagh Group Finance Ltd., 8.88%, 02/15/32<sup>(b)(d)</sup> |  | 3053 | &nbsp;&nbsp; 2991215 |
| Asurion LLC/Asurion Co-Issuer, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 12/31/32<sup>(d)</sup> |  | 1493 | &nbsp;&nbsp; 1548910 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/01/34 |  | 1365 | &nbsp;&nbsp; 1325227 |
| Berkshire Hathaway Finance Corp., 5.75%, 01/15/40 |  | 250 | &nbsp;&nbsp; 266557 |
| &nbsp;&nbsp;&nbsp; Howden U.K. Refinance PLC/Howden U.K. Refinance <br> 2 PLC/Howden U.S. Refinance LLC<sup>(b)(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/31 |  | 2495 | &nbsp;&nbsp; 2516010 |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/32 |  | 1789 | &nbsp;&nbsp; 1676203 |
| HUB International Ltd.<sup>(b)(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/30 |  | 4771 | &nbsp;&nbsp; 4887431 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/31/32 |  | 7726 | &nbsp;&nbsp; 7880234 |
| Jones Deslauriers Insurance Management, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 03/15/30 |  | 903 | &nbsp;&nbsp; 917834 |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/01/33 |  | 873 | &nbsp;&nbsp; 798638 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(b)(d)</sup> |  | 4202 | &nbsp;&nbsp; 4216115 |
| Ryan Specialty LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/30 |  | 163 | &nbsp;&nbsp; 157910 |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/01/32 |  | 445 | &nbsp;&nbsp; 439822 |
| &nbsp;&nbsp;&nbsp; Teachers Insurance & Annuity Association of America, <br> 4.27%, 05/15/47<sup>(b)</sup><br>|  | 700 | &nbsp;&nbsp; 562778 |
| Unipol Assicurazioni SpA, 4.90%, 05/23/34<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 118189 |
| USI, Inc., 7.50%, 01/15/32<sup>(b)(d)</sup> | USD | 928 | &nbsp;&nbsp; 940212 |
|  |  |  | &nbsp;&nbsp; 43866395 |
| **Interactive Media & Services — 1.8%** | **Interactive Media & Services — 1.8%** | **Interactive Media & Services — 1.8%** | **Interactive Media & Services — 1.8%** |
| Alphabet, Inc., 5.35%, 11/15/45<sup>(d)</sup> |  | 1570 | &nbsp;&nbsp; 1535131 |
| Beignet Investor LLC, 6.58%, 05/30/49<sup>(b)(d)</sup> |  | 9517 | &nbsp;&nbsp; 9784962 |
| iliad SA, 4.25%, 01/09/32<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 113185 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance U.S., Inc./ION Platform Finance <br> SARL<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/01/28 | USD | 122 | &nbsp;&nbsp; 113767 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28 |  | 668 | &nbsp;&nbsp; 623944 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/01/29 |  | 217 | &nbsp;&nbsp; 201800 |
| Prosus NV, 4.03%, 08/03/50<sup>(f)</sup> |  | 304 | &nbsp;&nbsp; 202844 |
| Snap, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/01/33<sup>(d)</sup> |  | 660 | &nbsp;&nbsp; 623218 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/15/34 |  | 715 | &nbsp;&nbsp; 672507 |
|  |  |  | &nbsp;&nbsp; 13871358 |
| **Internet Software & Services — 0.6%** | **Internet Software & Services — 0.6%** | **Internet Software & Services — 0.6%** | **Internet Software & Services — 0.6%** |
| Amazon.com, Inc., 3.95%, 04/13/52<sup>(d)</sup> |  | 2980 | &nbsp;&nbsp; 2284898 |
| Getty Images, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/21/30 |  | 243 | &nbsp;&nbsp; 218843 |
| &nbsp;&nbsp;&nbsp; 10.50%, 11/15/30 |  | 185 | &nbsp;&nbsp; 165912 |
| Match Group Holdings II LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/01/30 |  | 262 | &nbsp;&nbsp; 242804 |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/31 |  | 64 | &nbsp;&nbsp; 56901 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/33 |  | 789 | &nbsp;&nbsp; 766761 |
| Rakuten Group, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/15/27 |  | 283 | &nbsp;&nbsp; 292910 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/29 |  | 474 | &nbsp;&nbsp; 505093 |
|  |  |  | &nbsp;&nbsp; 4534122 |
| **IT Services — 0.6%** | **IT Services — 0.6%** | **IT Services — 0.6%** | **IT Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Almaviva-The Italian Innovation Co. SpA, 5.00%, <br> 10/30/30<sup>(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 109533 |
| Amentum Holdings, Inc., 7.25%, 08/01/32<sup>(b)(d)</sup> | USD | 115 | &nbsp;&nbsp; 119003 |
| Atos SE, 9.73%, 12/18/29<sup>(f)(m)</sup> | EUR | 50 | &nbsp;&nbsp; 65349 |
| CACI International, Inc., 6.38%, 06/15/33<sup>(b)</sup> | USD | 519 | &nbsp;&nbsp; 528304 |
| CoreWeave, Inc., 9.25%, 06/01/30<sup>(b)(d)</sup> |  | 487 | &nbsp;&nbsp; 473198 |
| Fair Isaac Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/28 |  | 112 | &nbsp;&nbsp; 108688 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** |
| Fair Isaac Corp.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/15/33 | USD | 1202 | &nbsp;&nbsp; $1179428 |
| Fortress Intermediate 3, Inc., 7.50%, 06/01/31<sup>(b)(d)</sup> |  | 1178 | &nbsp;&nbsp; 1170754 |
| KBR, Inc., 4.75%, 09/30/28<sup>(b)</sup> |  | 204 | &nbsp;&nbsp; 199476 |
| Science Applications International Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/01/28 |  | 239 | &nbsp;&nbsp; 235206 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/33 |  | 533 | &nbsp;&nbsp; 520140 |
|  |  |  | &nbsp;&nbsp; 4709079 |
| **Leisure Products — 1.1%** | **Leisure Products — 1.1%** | **Leisure Products — 1.1%** | **Leisure Products — 1.1%** |
| Acushnet Co., 5.63%, 12/01/33<sup>(b)</sup> |  | 172 | &nbsp;&nbsp; 170669 |
| Carnival Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/31 |  | 366 | &nbsp;&nbsp; 370499 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/01/32 |  | 706 | &nbsp;&nbsp; 705770 |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/15/33 |  | 1133 | &nbsp;&nbsp; 1144358 |
| Carnival PLC, 4.13%, 07/15/31<sup>(b)</sup> | EUR | 299 | &nbsp;&nbsp; 336489 |
| Deuce Finco PLC, 7.00%, 11/20/31<sup>(f)</sup> | GBP | 100 | &nbsp;&nbsp; 130338 |
| Lindblad Expeditions LLC, 7.00%, 09/15/30<sup>(b)</sup> | USD | 439 | &nbsp;&nbsp; 448215 |
| NCL Corp. Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/31 |  | 137 | &nbsp;&nbsp; 133105 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/32 |  | 316 | &nbsp;&nbsp; 313602 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/33<sup>(d)</sup> |  | 1430 | &nbsp;&nbsp; 1387584 |
| Sabre Financial Borrower LLC, 11.13%, 06/15/29<sup>(b)</sup> |  | 1216 | &nbsp;&nbsp; 1244361 |
| TUI AG, 5.88%, 03/15/29<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 115166 |
| Viking Cruises Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29 | USD | 66 | &nbsp;&nbsp; 66121 |
| &nbsp;&nbsp;&nbsp; 9.13%, 07/15/31 |  | 708 | &nbsp;&nbsp; 746901 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/15/33 |  | 815 | &nbsp;&nbsp; 804659 |
| Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29<sup>(b)</sup> |  | 206 | &nbsp;&nbsp; 205689 |
|  |  |  | &nbsp;&nbsp; 8323526 |
| **Machinery — 0.6%** | **Machinery — 0.6%** | **Machinery — 0.6%** | **Machinery — 0.6%** |
| Chart Industries, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/01/30 |  | 587 | &nbsp;&nbsp; 609838 |
| &nbsp;&nbsp;&nbsp; 9.50%, 01/01/31 |  | 102 | &nbsp;&nbsp; 107151 |
| Columbus McKinnon Corp., 7.13%, 02/01/33<sup>(b)</sup> |  | 330 | &nbsp;&nbsp; 329848 |
| Esab Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/29 |  | 138 | &nbsp;&nbsp; 140056 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/01/31 |  | 1105 | &nbsp;&nbsp; 1112746 |
| GrafTech Global Enterprises, Inc., 9.88%, 12/23/29<sup>(b)(d)</sup> |  | 170 | &nbsp;&nbsp; 108578 |
| &nbsp;&nbsp;&nbsp; IMA Industria Macchine Automatiche SpA, (3-mo. <br> EURIBOR + 3.75%), 5.77%, 04/15/29<sup>(a)(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 115599 |
| &nbsp;&nbsp;&nbsp; King U.S. Bidco, Inc., (3-mo. EURIBOR + 3.25%), <br> 5.31%, 12/01/32<sup>(a)(f)</sup><br>|  | 100 | &nbsp;&nbsp; 115018 |
| Lsf12 Helix Parent LLC, 7.13%, 02/01/33<sup>(b)</sup> | USD | 802 | &nbsp;&nbsp; 771850 |
| Manitowoc Co., Inc., 9.25%, 10/01/31<sup>(b)</sup> |  | 175 | &nbsp;&nbsp; 182749 |
| Terex Corp.<sup>(b)(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/29 |  | 42 | &nbsp;&nbsp; 41379 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/32 |  | 253 | &nbsp;&nbsp; 254649 |
| TK Elevator Midco GmbH, 4.38%, 07/15/27<sup>(f)</sup> | EUR | 70 | &nbsp;&nbsp; 81211 |
| TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27<sup>(b)(d)</sup> | USD | 566 | &nbsp;&nbsp; 564520 |
|  |  |  | &nbsp;&nbsp; 4535192 |
| **Media — 4.4%** | **Media — 4.4%** | **Media — 4.4%** | **Media — 4.4%** |
| Block Communications, Inc., 10.25%, 03/01/31<sup>(b)</sup> |  | 135 | &nbsp;&nbsp; 123517 |
| Cable One, Inc., 1.13%, 03/15/28<sup>(j)</sup> |  | 1148 | &nbsp;&nbsp; 863296 |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/01/29<sup>(b)</sup> |  | 76 | &nbsp;&nbsp; 74955 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/01/29<sup>(b)</sup> |  | 1243 | &nbsp;&nbsp; 1246815 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30<sup>(b)</sup> |  | 229 | &nbsp;&nbsp; 217292 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/31<sup>(b)</sup> |  | 2211 | &nbsp;&nbsp; 2015226 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/32<sup>(b)</sup> |  | 683 | &nbsp;&nbsp; 617546 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/01/32 |  | 38 | &nbsp;&nbsp; 33944 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/01/33<sup>(b)</sup> |  | 526 | &nbsp;&nbsp; 527449 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/33<sup>(b)</sup> |  | 704 | &nbsp;&nbsp; 612919 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital <br> Corp. (continued)<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/34<sup>(b)(d)</sup> | USD | 2125 | &nbsp;&nbsp; $1817924 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/01/36<sup>(b)</sup> |  | 1547 | &nbsp;&nbsp; 1540575 |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, 5.38%, <br> 05/01/47<sup>(d)</sup><br>|  | 3000 | &nbsp;&nbsp; 2414065 |
| CSC Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 |  | 606 | &nbsp;&nbsp; 525641 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/01/28 |  | 800 | &nbsp;&nbsp; 591641 |
| &nbsp;&nbsp;&nbsp; 11.25%, 05/15/28 |  | 1317 | &nbsp;&nbsp; 1076179 |
| &nbsp;&nbsp;&nbsp; 11.75%, 01/31/29 |  | 883 | &nbsp;&nbsp; 638537 |
| Directv Financing LLC, 8.88%, 02/01/30<sup>(b)(d)</sup> |  | 841 | &nbsp;&nbsp; 839129 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv Financing Co-Obligor, <br> Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/15/27<sup>(d)</sup> |  | 648 | &nbsp;&nbsp; 647317 |
| &nbsp;&nbsp;&nbsp; 10.00%, 02/15/31 |  | 616 | &nbsp;&nbsp; 628831 |
| Discovery Communications LLC, 3.95%, 03/20/28 |  | 408 | &nbsp;&nbsp; 399718 |
| DISH DBS Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/26 |  | 1555 | &nbsp;&nbsp; 1541663 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/01/28 |  | 1201 | &nbsp;&nbsp; 1161598 |
| DISH Network Corp., 11.75%, 11/15/27<sup>(b)</sup> |  | 2070 | &nbsp;&nbsp; 2132607 |
| Gray Media, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/29<sup>(d)</sup> |  | 103 | &nbsp;&nbsp; 109453 |
| &nbsp;&nbsp;&nbsp; 9.63%, 07/15/32<sup>(d)</sup> |  | 824 | &nbsp;&nbsp; 823948 |
| &nbsp;&nbsp;&nbsp; 7.25%, 08/15/33 |  | 1046 | &nbsp;&nbsp; 1054024 |
| &nbsp;&nbsp;&nbsp; LCPR Senior Secured Financing DAC, 6.75%, <br> 10/15/27<sup>(b)</sup><br>|  | 580 | &nbsp;&nbsp; 386968 |
| Midcontinent Communications, 8.00%, 08/15/32<sup>(b)</sup> |  | 781 | &nbsp;&nbsp; 727384 |
| Sinclair Television Group, Inc., 8.13%, 02/15/33<sup>(b)(d)</sup> |  | 1193 | &nbsp;&nbsp; 1212762 |
| Sirius XM Radio LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/27 |  | 819 | &nbsp;&nbsp; 817857 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/28<sup>(d)</sup> |  | 96 | &nbsp;&nbsp; 92665 |
| Sunrise FinCo I BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/31<sup>(b)</sup> |  | 794 | &nbsp;&nbsp; 755920 |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/15/32<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 112936 |
| &nbsp;&nbsp;&nbsp; Telenet Finance Luxembourg Notes SARL, 5.50%, <br> 03/01/28<sup>(b)</sup><br>| USD | 400 | &nbsp;&nbsp; 392525 |
| Univision Communications, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/15/28 |  | 1761 | &nbsp;&nbsp; 1787401 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/31/31<sup>(d)</sup> |  | 807 | &nbsp;&nbsp; 810938 |
| &nbsp;&nbsp;&nbsp; 9.38%, 08/01/32 |  | 1071 | &nbsp;&nbsp; 1103789 |
| Versant Media Group, Inc., 7.25%, 01/30/31<sup>(b)</sup> |  | 184 | &nbsp;&nbsp; 188306 |
| &nbsp;&nbsp;&nbsp; Virgin Media O2 Vendor Financing Notes VII DAC, <br> 7.50%, 07/15/33<sup>(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 101292 |
| VZ Secured Financing BV, 5.25%, 01/15/33<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 106559 |
| Ziggo Bond Co. BV, 5.13%, 02/28/30<sup>(b)</sup> | USD | 295 | &nbsp;&nbsp; 253135 |
| Ziggo BV, 4.88%, 01/15/30<sup>(b)</sup> |  | 573 | &nbsp;&nbsp; 535115 |
|  |  |  | &nbsp;&nbsp; 33661361 |
| **Metals & Mining — 2.8%** | **Metals & Mining — 2.8%** | **Metals & Mining — 2.8%** | **Metals & Mining — 2.8%** |
| Advanced Drainage Systems, Inc., 6.38%, 06/15/30<sup>(b)</sup> |  | 364 | &nbsp;&nbsp; 367162 |
| AngloGold Ashanti Holdings PLC, 3.75%, 10/01/30 |  | 200 | &nbsp;&nbsp; 190932 |
| Arsenal AIC Parent LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 10/01/30 |  | 312 | &nbsp;&nbsp; 324844 |
| &nbsp;&nbsp;&nbsp; 11.50%, 10/01/31 |  | 1329 | &nbsp;&nbsp; 1435987 |
| BHP Billiton Finance USA Ltd., 5.00%, 09/30/43 |  | 250 | &nbsp;&nbsp; 232836 |
| &nbsp;&nbsp;&nbsp; Big River Steel LLC/BRS Finance Corp., 6.63%, <br> 01/31/29<sup>(b)</sup><br>|  | 1014 | &nbsp;&nbsp; 1011653 |
| Carpenter Technology Corp., 5.63%, 03/01/34<sup>(b)</sup> |  | 456 | &nbsp;&nbsp; 451800 |
| Cleveland-Cliffs, Inc., 6.88%, 11/01/29<sup>(b)</sup> |  | 563 | &nbsp;&nbsp; 562950 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Metals & Mining (continued)** | **Metals & Mining (continued)** | **Metals & Mining (continued)** | **Metals & Mining (continued)** |
| Commercial Metals Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/33 | USD | 526 | &nbsp;&nbsp; $520470 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/15/35 |  | 542 | &nbsp;&nbsp; 534328 |
| Constellium SE<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/28 |  | 250 | &nbsp;&nbsp; 248767 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/15/29<sup>(d)</sup> |  | 1492 | &nbsp;&nbsp; 1423016 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/15/32 |  | 422 | &nbsp;&nbsp; 426575 |
| Corp. Nacional del Cobre de Chile |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.44%, 01/26/36<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 210485 |
| &nbsp;&nbsp;&nbsp; 5.53%, 01/30/37<sup>(b)</sup> |  | 205 | &nbsp;&nbsp; 200839 |
| CSN Resources SA, 4.63%, 06/10/31<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 121750 |
| ERO Copper Corp., 6.50%, 02/15/30<sup>(b)</sup> |  | 616 | &nbsp;&nbsp; 609772 |
| First Quantum Minerals Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 03/01/33 |  | 265 | &nbsp;&nbsp; 273790 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/34 |  | 253 | &nbsp;&nbsp; 256142 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/15/36 |  | 1284 | &nbsp;&nbsp; 1228538 |
| Freeport Indonesia PT, 4.76%, 04/14/27<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 199576 |
| Glencore Funding LLC, 6.14%, 04/01/55<sup>(b)(d)</sup> |  | 600 | &nbsp;&nbsp; 603498 |
| Kaiser Aluminum Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/31 |  | 1209 | &nbsp;&nbsp; 1142187 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/34 |  | 1483 | &nbsp;&nbsp; 1456110 |
| Marcobre SAC, 5.75%, 01/22/36<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 193680 |
| &nbsp;&nbsp;&nbsp; Navoi Mining & Metallurgical Combinat, 6.70%, <br> 10/17/28<sup>(b)</sup><br>|  | 200 | &nbsp;&nbsp; 203440 |
| New Gold, Inc., 6.88%, 04/01/32<sup>(b)</sup> |  | 415 | &nbsp;&nbsp; 428927 |
| Nexa Resources SA, 6.75%, 04/09/34<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 208250 |
| Novelis Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/30/30<sup>(d)</sup> |  | 618 | &nbsp;&nbsp; 582465 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/30/30 |  | 605 | &nbsp;&nbsp; 610246 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/31 |  | 1169 | &nbsp;&nbsp; 1041169 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/15/33 |  | 1681 | &nbsp;&nbsp; 1648881 |
| Novelis Sheet Ingot GmbH, 3.38%, 04/15/29<sup>(f)</sup> | EUR | 300 | &nbsp;&nbsp; 329031 |
| Rio Tinto Finance USA PLC, 4.13%, 08/21/42 | USD | 400 | &nbsp;&nbsp; 337183 |
| Samarco Mineracao SA<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (9.00% Cash or 9.00% PIK), 9.50%, 06/30/31<sup>(f)</sup> |  | 380 | &nbsp;&nbsp; 374393 |
| &nbsp;&nbsp;&nbsp; (9.00% PIK), 9.50%, 06/30/31<sup>(b)</sup> |  | 16 | &nbsp;&nbsp; 15048 |
| Stillwater Mining Co., 4.50%, 11/16/29<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 188278 |
| Vale Overseas Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.40%, 06/28/54 |  | 73 | &nbsp;&nbsp; 73451 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 2.43%), 6.00%, 02/25/56<sup>(a)(b)</sup> |  | 200 | &nbsp;&nbsp; 197380 |
| Vallourec SACA, 7.50%, 04/15/32<sup>(b)</sup> |  | 555 | &nbsp;&nbsp; 581647 |
| &nbsp;&nbsp;&nbsp; Vedanta Resources Finance II PLC, 10.88%, <br> 09/17/29<sup>(b)</sup><br>|  | 200 | &nbsp;&nbsp; 209400 |
| Volcan Cia Minera SAA, 8.50%, 10/28/32<sup>(b)</sup> |  | 203 | &nbsp;&nbsp; 206532 |
|  |  |  | &nbsp;&nbsp; 21463408 |
| **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.2%** | **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.2%** | **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.2%** | **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.2%** |
| Blackstone Mortgage Trust, Inc., 3.75%, 01/15/27 |  | 388 | &nbsp;&nbsp; 381352 |
| Starwood Property Trust, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 04/01/29 |  | 226 | &nbsp;&nbsp; 232696 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30 |  | 115 | &nbsp;&nbsp; 114777 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/30 |  | 292 | &nbsp;&nbsp; 298211 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/30 |  | 323 | &nbsp;&nbsp; 327591 |
|  |  |  | &nbsp;&nbsp; 1354627 |
| **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** |
| &nbsp;&nbsp;&nbsp; AmeriGas Partners LP/AmeriGas Finance Corp., 9.50%, <br> 06/01/30<sup>(b)</sup><br>|  | 169 | &nbsp;&nbsp; 179041 |
| **Oil, Gas & Consumable Fuels — 8.6%** | **Oil, Gas & Consumable Fuels — 8.6%** | **Oil, Gas & Consumable Fuels — 8.6%** | **Oil, Gas & Consumable Fuels — 8.6%** |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp., <br> 7.50%, 10/01/29<sup>(b)</sup><br>|  | 504 | &nbsp;&nbsp; 525654 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream <br> Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/29 | USD | 263 | &nbsp;&nbsp; $262157 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/32 |  | 383 | &nbsp;&nbsp; 391441 |
| Apache Corp., 5.25%, 02/01/42<sup>(d)</sup> |  | 800 | &nbsp;&nbsp; 687013 |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 11/01/27 |  | 214 | &nbsp;&nbsp; 249843 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/33<sup>(d)</sup> |  | 232 | &nbsp;&nbsp; 235984 |
| Blue Racer Midstream LLC/Blue Racer Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 07/15/29 |  | 296 | &nbsp;&nbsp; 305789 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/32 |  | 238 | &nbsp;&nbsp; 247230 |
| Breakwater Energy Holdings SARL, 9.25%, 11/15/30<sup>(b)</sup> |  | 500 | &nbsp;&nbsp; 525092 |
| Buckeye Partners LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/01/29<sup>(b)</sup> |  | 27 | &nbsp;&nbsp; 27789 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/30<sup>(b)</sup> |  | 118 | &nbsp;&nbsp; 121777 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/15/43 |  | 182 | &nbsp;&nbsp; 164729 |
| &nbsp;&nbsp;&nbsp; 5.60%, 10/15/44 |  | 117 | &nbsp;&nbsp; 102582 |
| California Resources Corp., 7.00%, 01/15/34<sup>(b)</sup> |  | 215 | &nbsp;&nbsp; 216755 |
| Caturus Energy LLC, 8.50%, 02/15/30<sup>(b)</sup> |  | 1225 | &nbsp;&nbsp; 1271078 |
| CD&R Firefly Bidco PLC, 8.63%, 04/30/29<sup>(f)</sup> | GBP | 100 | &nbsp;&nbsp; 134560 |
| Cheniere Energy Partners LP, 5.55%, 10/30/35<sup>(d)</sup> | USD | 2000 | &nbsp;&nbsp; 2036697 |
| Chord Energy Corp., 6.75%, 03/15/33<sup>(b)</sup> |  | 149 | &nbsp;&nbsp; 153834 |
| CITGO Petroleum Corp., 8.38%, 01/15/29<sup>(b)</sup> |  | 1110 | &nbsp;&nbsp; 1146279 |
| CNX Midstream Partners LP, 4.75%, 04/15/30<sup>(b)</sup> |  | 124 | &nbsp;&nbsp; 117892 |
| CNX Resources Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/01/32 |  | 154 | &nbsp;&nbsp; 158690 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/34 |  | 488 | &nbsp;&nbsp; 475252 |
| Comstock Resources, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/29<sup>(d)</sup> |  | 436 | &nbsp;&nbsp; 430346 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/29 |  | 180 | &nbsp;&nbsp; 177867 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/30 |  | 707 | &nbsp;&nbsp; 684071 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, <br> 06/15/31<sup>(b)</sup><br>|  | 1938 | &nbsp;&nbsp; 1890020 |
| Crescent Energy Finance LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/31/29 |  | 140 | &nbsp;&nbsp; 141050 |
| &nbsp;&nbsp;&nbsp; 9.75%, 10/15/30 |  | 148 | &nbsp;&nbsp; 158360 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/01/32<sup>(d)</sup> |  | 313 | &nbsp;&nbsp; 317641 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/33 |  | 766 | &nbsp;&nbsp; 765808 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/34 |  | 175 | &nbsp;&nbsp; 182945 |
| CVR Energy, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/15/31 |  | 206 | &nbsp;&nbsp; 207538 |
| &nbsp;&nbsp;&nbsp; 7.88%, 02/15/34 |  | 138 | &nbsp;&nbsp; 138484 |
| DBR Land Holdings LLC, 6.25%, 12/01/30<sup>(b)</sup> |  | 283 | &nbsp;&nbsp; 286535 |
| &nbsp;&nbsp;&nbsp; Delek Logistics Partners LP/Delek Logistics Finance <br> Corp., 7.38%, 06/30/33<sup>(b)</sup><br>|  | 397 | &nbsp;&nbsp; 400282 |
| &nbsp;&nbsp;&nbsp; Diamond Foreign Asset Co./Diamond Finance LLC, <br> 8.50%, 10/01/30<sup>(b)</sup><br>|  | 149 | &nbsp;&nbsp; 157410 |
| Ecopetrol SA, 8.88%, 01/13/33 |  | 359 | &nbsp;&nbsp; 378925 |
| Empresa Nacional del Petroleo, 5.95%, 07/30/34<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 201730 |
| Enbridge, Inc.<sup>(a)(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (3-mo. CME Term SOFR + 3.90%), 6.25%, 03/01/78 |  | 1865 | &nbsp;&nbsp; 1865730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A, (5-year CMT + 5.31%), 5.75%, <br> 07/15/80<br>|  | 3000 | &nbsp;&nbsp; 2994079 |
| Energean PLC, 5.63%, 05/12/31<sup>(b)</sup> | EUR | 203 | &nbsp;&nbsp; 228283 |
| Energy Transfer LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 12/15/45<sup>(d)</sup> | USD | 500 | &nbsp;&nbsp; 488527 |
| &nbsp;&nbsp;&nbsp; 5.30%, 04/15/47 |  | 350 | &nbsp;&nbsp; 308833 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 4.02%), 8.00%, 05/15/54<sup>(a)</sup> |  | 695 | &nbsp;&nbsp; 727939 |
| &nbsp;&nbsp;&nbsp; Series H, (5-year CMT + 5.69%), 6.50%<sup>(a)(d)(i)</sup> |  | 4521 | &nbsp;&nbsp; 4511928 |
| EQT Corp., 4.50%, 01/15/29 |  | 13 | &nbsp;&nbsp; 12970 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/33 | USD | 87 | &nbsp;&nbsp; $89896 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/34 |  | 892 | &nbsp;&nbsp; 887786 |
| &nbsp;&nbsp;&nbsp; Global Partners LP/GLP Finance Corp., 7.13%, <br> 07/01/33<sup>(b)</sup><br>|  | 170 | &nbsp;&nbsp; 171388 |
| Gran Tierra Energy, Inc., 9.50%, 10/15/29<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 170000 |
| Gulfport Energy Operating Corp., 6.75%, 09/01/29<sup>(b)</sup> |  | 242 | &nbsp;&nbsp; 247498 |
| Harvest Midstream I LP, 7.50%, 05/15/32<sup>(b)(d)</sup> |  | 147 | &nbsp;&nbsp; 149833 |
| Hess Corp., 4.30%, 04/01/27 |  | 750 | &nbsp;&nbsp; 750435 |
| Hess Midstream Operations LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/29 |  | 365 | &nbsp;&nbsp; 372857 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/30 |  | 151 | &nbsp;&nbsp; 145102 |
| Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/28 |  | 188 | &nbsp;&nbsp; 188377 |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/29 |  | 206 | &nbsp;&nbsp; 203118 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30 |  | 28 | &nbsp;&nbsp; 27254 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/32 |  | 21 | &nbsp;&nbsp; 20324 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/01/33 |  | 603 | &nbsp;&nbsp; 629129 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 |  | 574 | &nbsp;&nbsp; 560792 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/35 |  | 107 | &nbsp;&nbsp; 106670 |
| Howard Midstream Energy Partners LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 07/15/32 |  | 152 | &nbsp;&nbsp; 157175 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/34<sup>(d)</sup> |  | 578 | &nbsp;&nbsp; 580198 |
| Impulsora Pipeline LLC, 6.05%, 01/01/43<sup>(a)</sup> |  | 1379 | &nbsp;&nbsp; 1206190 |
| Infinity Natural Resources LLC, 7.63%, 04/01/31<sup>(b)</sup> |  | 346 | &nbsp;&nbsp; 347827 |
| ITT Holdings LLC, 6.50%, 08/01/29<sup>(b)(d)</sup> |  | 1461 | &nbsp;&nbsp; 1420586 |
| Kinetik Holdings LP, 6.63%, 12/15/28<sup>(b)</sup> |  | 76 | &nbsp;&nbsp; 77286 |
| &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas <br> Finance Corp., 6.88%, 12/01/32<sup>(b)</sup><br>|  | 190 | &nbsp;&nbsp; 195538 |
| Matador Resources Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32 |  | 399 | &nbsp;&nbsp; 403345 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/34 |  | 427 | &nbsp;&nbsp; 424300 |
| &nbsp;&nbsp;&nbsp; MC Brazil Downstream Trading SARL, 7.25%, <br> 06/30/31<sup>(f)</sup><br>|  | 181 | &nbsp;&nbsp; 161987 |
| Medco Maple Tree Pte. Ltd., 8.96%, 04/27/29<sup>(b)</sup> |  | 250 | &nbsp;&nbsp; 256413 |
| Murphy Oil Corp., 5.88%, 12/01/42 |  | 35 | &nbsp;&nbsp; 29700 |
| Nabors Industries, Inc., 7.63%, 11/15/32<sup>(b)</sup> |  | 273 | &nbsp;&nbsp; 279456 |
| &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC/NGL Energy Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/29 |  | 759 | &nbsp;&nbsp; 781882 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32 |  | 1187 | &nbsp;&nbsp; 1223256 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(b)</sup> |  | 119 | &nbsp;&nbsp; 122521 |
| Northern Oil & Gas, Inc., 7.88%, 10/15/33<sup>(b)</sup> |  | 528 | &nbsp;&nbsp; 546297 |
| Northriver Midstream Finance LP, 6.75%, 07/15/32<sup>(b)</sup> |  | 227 | &nbsp;&nbsp; 227670 |
| &nbsp;&nbsp;&nbsp; PBF Holding Co. LLC/PBF Finance Corp., 7.88%, <br> 09/15/30<sup>(b)</sup><br>|  | 198 | &nbsp;&nbsp; 203329 |
| Permian Resources Operating LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/15/27 |  | 230 | &nbsp;&nbsp; 230196 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/01/29 |  | 528 | &nbsp;&nbsp; 528602 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/32<sup>(d)</sup> |  | 288 | &nbsp;&nbsp; 298223 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/01/33 |  | 731 | &nbsp;&nbsp; 744623 |
| Petrobras Global Finance BV, 6.75%, 01/27/41 |  | 187 | &nbsp;&nbsp; 182101 |
| Petroleos Mexicanos |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/02/29 |  | 408 | &nbsp;&nbsp; 428512 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/28/31 |  | 392 | &nbsp;&nbsp; 374928 |
| &nbsp;&nbsp;&nbsp; Pluspetrol Camisea SA/Pluspetrol Lote 56 SA, 6.24%, <br> 07/03/36<sup>(b)</sup><br>|  | 205 | &nbsp;&nbsp; 212431 |
| Prairie Acquiror LP, 9.00%, 08/01/29<sup>(b)</sup> |  | 253 | &nbsp;&nbsp; 261345 |
| PRIO Luxembourg Holding SARL, 6.75%, 10/15/30<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 194550 |
| Raizen Fuels Finance SA, 6.45%, 03/05/34<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 110000 |
| Rockies Express Pipeline LLC, 4.95%, 07/15/29<sup>(b)</sup> |  | 66 | &nbsp;&nbsp; 64354 |
| Shell Finance U.S., Inc., 4.00%, 05/10/46<sup>(d)</sup> |  | 450 | &nbsp;&nbsp; 357041 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| SM Energy Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 07/01/31 | USD | 252 | &nbsp;&nbsp; $263414 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/34 |  | 994 | &nbsp;&nbsp; 991192 |
| Sunoco LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 03/15/31 |  | 169 | &nbsp;&nbsp; 168225 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/15/32 |  | 253 | &nbsp;&nbsp; 256964 |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/33 |  | 346 | &nbsp;&nbsp; 347508 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/34 |  | 171 | &nbsp;&nbsp; 169111 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28 |  | 178 | &nbsp;&nbsp; 176494 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/29 |  | 973 | &nbsp;&nbsp; 1000961 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/01/31 |  | 128 | &nbsp;&nbsp; 126313 |
| TGNR Intermediate Holdings LLC, 5.50%, 10/15/29<sup>(b)</sup> |  | 290 | &nbsp;&nbsp; 283548 |
| TPAO Varlik Kiralama ASA, 6.30%, 03/04/31<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 191310 |
| TransMontaigne Partners LLC, 8.50%, 06/15/30<sup>(b)</sup> |  | 76 | &nbsp;&nbsp; 76832 |
| Transocean International Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/15/29 |  | 48 | &nbsp;&nbsp; 49596 |
| &nbsp;&nbsp;&nbsp; 8.75%, 02/15/30 |  | 140 | &nbsp;&nbsp; 145627 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/31 |  | 845 | &nbsp;&nbsp; 886234 |
| &nbsp;&nbsp;&nbsp; 7.88%, 10/15/32 |  | 273 | &nbsp;&nbsp; 291701 |
| Trident Energy Finance PLC, 12.50%, 11/30/29<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 212568 |
| Valaris Ltd., 8.38%, 04/30/30<sup>(b)</sup> |  | 232 | &nbsp;&nbsp; 240396 |
| Venture Global LNG, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/01/29 |  | 1860 | &nbsp;&nbsp; 2011208 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/01/31<sup>(d)</sup> |  | 2099 | &nbsp;&nbsp; 2182908 |
| &nbsp;&nbsp;&nbsp; 9.88%, 02/01/32<sup>(d)</sup> |  | 3341 | &nbsp;&nbsp; 3588194 |
| Venture Global Plaquemines LNG LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 12/15/30 |  | 1002 | &nbsp;&nbsp; 1030483 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/01/33 |  | 505 | &nbsp;&nbsp; 555098 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/34 |  | 1172 | &nbsp;&nbsp; 1221745 |
| &nbsp;&nbsp;&nbsp; 7.75%, 05/01/35 |  | 1728 | &nbsp;&nbsp; 1936704 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/36 |  | 1661 | &nbsp;&nbsp; 1759251 |
| Vista Energy Argentina SAU, 8.50%, 06/10/33<sup>(b)</sup> |  | 77 | &nbsp;&nbsp; 80531 |
| Vital Energy, Inc., 7.88%, 04/15/32<sup>(b)(d)</sup> |  | 487 | &nbsp;&nbsp; 497547 |
| Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29<sup>(b)</sup> |  | 468 | &nbsp;&nbsp; 474209 |
|  |  |  | &nbsp;&nbsp; 65783611 |
| **Passenger Airlines — 0.2%** | **Passenger Airlines — 0.2%** | **Passenger Airlines — 0.2%** | **Passenger Airlines — 0.2%** |
| &nbsp;&nbsp;&nbsp; ABRA Global Finance, (6.00% Cash + 8.00% PIK), <br> 14.00%, 10/22/29<sup>(b)(h)</sup><br>|  | 167 | &nbsp;&nbsp; 158109 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd., <br> 5.75%, 04/20/29<sup>(b)</sup><br>|  | 67 | &nbsp;&nbsp; 66634 |
| Avianca Midco 2 PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 12/01/28<sup>(f)</sup> |  | 62 | &nbsp;&nbsp; 59801 |
| &nbsp;&nbsp;&nbsp; 9.50%, 01/28/31<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 183810 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%, <br> 09/20/31<sup>(b)</sup><br>|  | 460 | &nbsp;&nbsp; 434727 |
| OneSky Flight LLC, 8.88%, 12/15/29<sup>(b)</sup> |  | 318 | &nbsp;&nbsp; 328244 |
| United Airlines Holdings, Inc., 5.38%, 03/01/31 |  | 492 | &nbsp;&nbsp; 481824 |
|  |  |  | &nbsp;&nbsp; 1713149 |
| **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** |
| Opal Bidco SAS |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/31/32<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 112815 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/32<sup>(b)</sup> | USD | 431 | &nbsp;&nbsp; 431415 |
| Perrigo Finance Unlimited Co., 6.13%, 09/30/32 |  | 232 | &nbsp;&nbsp; 211684 |
|  |  |  | &nbsp;&nbsp; 755914 |
| **Pharmaceuticals — 2.1%** | **Pharmaceuticals — 2.1%** | **Pharmaceuticals — 2.1%** | **Pharmaceuticals — 2.1%** |
| 1261229 B.C. Ltd., 10.00%, 04/15/32<sup>(b)</sup> |  | 8335 | &nbsp;&nbsp; 8533740 |
| AbbVie, Inc., 5.35%, 03/15/44<sup>(d)</sup> |  | 1500 | &nbsp;&nbsp; 1460012 |
| Amneal Pharmaceuticals LLC, 6.88%, 08/01/32<sup>(b)</sup> |  | 239 | &nbsp;&nbsp; 246038 |
| Bausch Health Cos., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/28 |  | 214 | &nbsp;&nbsp; 195962 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| Bausch Health Cos., Inc.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 11.00%, 09/30/28 | USD | 1540 | &nbsp;&nbsp; $1570859 |
| Becton Dickinson & Co., 4.69%, 12/15/44<sup>(d)</sup> |  | 600 | &nbsp;&nbsp; 524899 |
| CVS Health Corp., 6.00%, 06/01/44<sup>(d)</sup> |  | 1110 | &nbsp;&nbsp; 1092817 |
| Dolcetto Holdco SpA, 5.63%, 07/14/32<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 114810 |
| Grifols SA<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/15/27 |  | 214 | &nbsp;&nbsp; 244248 |
| &nbsp;&nbsp;&nbsp; 7.13%, 05/01/30 |  | 100 | &nbsp;&nbsp; 119479 |
| Gruenenthal GmbH, 4.63%, 11/15/31<sup>(f)</sup> |  | 100 | &nbsp;&nbsp; 113270 |
| Nidda Healthcare Holding GmbH<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/21/30 |  | 100 | &nbsp;&nbsp; 117542 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 3.25%), 5.23%, 10/15/32<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 114665 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, <br> 4.13%, 04/30/28<sup>(b)</sup><br>| USD | 600 | &nbsp;&nbsp; 582212 |
| &nbsp;&nbsp;&nbsp; Rossini SARL, (3-mo. EURIBOR + 3.88%), 6.00%, <br> 12/31/29<sup>(a)(f)</sup><br>| EUR | 43 | &nbsp;&nbsp; 49170 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/01/26 | USD | 521 | &nbsp;&nbsp; 515962 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/28 |  | 400 | &nbsp;&nbsp; 408880 |
| Viatris, Inc., 2.30%, 06/22/27 |  | 392 | &nbsp;&nbsp; 380104 |
|  |  |  | &nbsp;&nbsp; 16384669 |
| **Real Estate Management & Development — 0.6%** | **Real Estate Management & Development — 0.6%** | **Real Estate Management & Development — 0.6%** | **Real Estate Management & Development — 0.6%** |
| &nbsp;&nbsp;&nbsp; Adler Financing SARL, Series 1L, (8.25% PIK), 8.25%, <br> 12/31/28<sup>(h)</sup><br>| EUR | 142 | &nbsp;&nbsp; 181564 |
| &nbsp;&nbsp;&nbsp; Alexandrite Lake Lux Holdings SARL, 6.75%, <br> 07/30/30<sup>(f)</sup><br>|  | 100 | &nbsp;&nbsp; 112984 |
| Alpha Star Holding IX Ltd., 7.00%, 08/26/28<sup>(f)</sup> | USD | 200 | &nbsp;&nbsp; 189920 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Anywhere Co-Issuer <br> Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/30<sup>(b)</sup> |  | 24 | &nbsp;&nbsp; 24355 |
| &nbsp;&nbsp;&nbsp; Series AI, 7.00%, 04/15/30 |  | 348 | &nbsp;&nbsp; 348484 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Realogy Co-Issuer <br> Corp., 9.75%, 04/15/30<sup>(b)</sup><br>|  | 535 | &nbsp;&nbsp; 567937 |
| CoreLogic, Inc., 4.50%, 05/01/28<sup>(b)</sup> |  | 1759 | &nbsp;&nbsp; 1651312 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 8.88%, <br> 09/01/31<sup>(b)</sup><br>|  | 125 | &nbsp;&nbsp; 132409 |
| Fantasia Holdings Group Co. Ltd.<sup>(f)(k)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 11.75%, 04/17/22 |  | 430 | &nbsp;&nbsp; 4730 |
| &nbsp;&nbsp;&nbsp; 12.25%, 10/18/22 |  | 200 | &nbsp;&nbsp; 2200 |
| &nbsp;&nbsp;&nbsp; 11.88%, 06/01/23 |  | 200 | &nbsp;&nbsp; 2250 |
| &nbsp;&nbsp;&nbsp; 9.25%, 07/28/23 |  | 400 | &nbsp;&nbsp; 4500 |
| Five Point Operating Co. LP, 8.00%, 10/01/30<sup>(b)</sup> |  | 345 | &nbsp;&nbsp; 344188 |
| Howard Hughes Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/32 |  | 231 | &nbsp;&nbsp; 222288 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/01/34 |  | 231 | &nbsp;&nbsp; 221836 |
| New Immo Holding SA<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 07/23/27 | EUR | 100 | &nbsp;&nbsp; 113305 |
| &nbsp;&nbsp;&nbsp; 4.95%, 11/14/30 |  | 100 | &nbsp;&nbsp; 111118 |
| Sobha Sukuk I Holding Ltd., 7.13%, 09/11/30<sup>(f)</sup> | USD | 200 | &nbsp;&nbsp; 172000 |
| Vivion Investments SARL<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/08/30 | EUR | 100 | &nbsp;&nbsp; 108029 |
| &nbsp;&nbsp;&nbsp; (6.50% Cash and 1.75% PIK), 8.25%, 08/31/28<sup>(h)</sup> |  | 14 | &nbsp;&nbsp; 16267 |
| &nbsp;&nbsp;&nbsp; (6.50% PIK), 6.50%, 02/28/29<sup>(h)</sup> |  | 101 | &nbsp;&nbsp; 116430 |
|  |  |  | &nbsp;&nbsp; 4648106 |
| **Retail REITs — 0.1%** | **Retail REITs — 0.1%** | **Retail REITs — 0.1%** | **Retail REITs — 0.1%** |
| &nbsp;&nbsp;&nbsp; Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR <br> Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27<sup>(b)</sup><br>| USD | 434 | &nbsp;&nbsp; 425699 |
| **Semiconductors & Semiconductor Equipment — 0.5%** | **Semiconductors & Semiconductor Equipment — 0.5%** | **Semiconductors & Semiconductor Equipment — 0.5%** | **Semiconductors & Semiconductor Equipment — 0.5%** |
| Amkor Technology, Inc., 5.88%, 10/01/33<sup>(b)</sup> |  | 104 | &nbsp;&nbsp; 103575 |
| Broadcom, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 04/15/32<sup>(b)</sup> |  | 1000 | &nbsp;&nbsp; 967502 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/41 |  | 800 | &nbsp;&nbsp; 638248 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** |
| Micron Technology, Inc., 6.05%, 11/01/35<sup>(d)</sup> | USD | 1000 | &nbsp;&nbsp; $1079042 |
| QUALCOMM, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 05/20/33 |  | 400 | &nbsp;&nbsp; 416251 |
| &nbsp;&nbsp;&nbsp; 4.30%, 05/20/47 |  | 700 | &nbsp;&nbsp; 568219 |
|  |  |  | &nbsp;&nbsp; 3772837 |
| **Software — 2.9%** | **Software — 2.9%** | **Software — 2.9%** | **Software — 2.9%** |
| AthenaHealth Group, Inc., 6.50%, 02/15/30<sup>(b)(d)</sup> |  | 3257 | &nbsp;&nbsp; 3057097 |
| Capstone Borrower, Inc., 8.00%, 06/15/30<sup>(b)</sup> |  | 505 | &nbsp;&nbsp; 482517 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC/CDK Global II LLC/CDK Financing <br> Co., Inc., 8.00%, 06/15/29<sup>(b)</sup><br>|  | 91 | &nbsp;&nbsp; 67630 |
| &nbsp;&nbsp;&nbsp; Central Parent, Inc./CDK Global, Inc., 7.25%, <br> 06/15/29<sup>(b)</sup><br>|  | 280 | &nbsp;&nbsp; 201520 |
| Cloud Software Group, Inc.<sup>(b)(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/29 |  | 1943 | &nbsp;&nbsp; 1895533 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/30/29 |  | 3556 | &nbsp;&nbsp; 3430379 |
| &nbsp;&nbsp;&nbsp; 8.25%, 06/30/32 |  | 12 | &nbsp;&nbsp; 11381 |
| Ellucian Holdings, Inc., 6.50%, 12/01/29<sup>(b)</sup> |  | 794 | &nbsp;&nbsp; 775551 |
| IPD 3 BV, 5.50%, 06/15/31<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 108551 |
| Microsoft Corp., 2.92%, 03/17/52<sup>(d)</sup> | USD | 3550 | &nbsp;&nbsp; 2283106 |
| OAK-Eagle Acquireco, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 07/01/33<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 118059 |
| &nbsp;&nbsp;&nbsp; 07/01/33<sup>(b)</sup> | USD | 1930 | &nbsp;&nbsp; 1999662 |
| &nbsp;&nbsp;&nbsp; 07/01/34<sup>(b)</sup> |  | 1894 | &nbsp;&nbsp; 1982813 |
| Oracle Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 02/04/36<sup>(d)</sup> |  | 945 | &nbsp;&nbsp; 908606 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/25/51 |  | 250 | &nbsp;&nbsp; 158414 |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/04/56<sup>(d)</sup> |  | 3050 | &nbsp;&nbsp; 2830716 |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/03/65<sup>(d)</sup> |  | 600 | &nbsp;&nbsp; 499119 |
| Playtika Holding Corp., 4.25%, 03/15/29<sup>(b)</sup> |  | 67 | &nbsp;&nbsp; 52280 |
| SS&C Technologies, Inc., 6.50%, 06/01/32<sup>(b)</sup> |  | 425 | &nbsp;&nbsp; 425015 |
| &nbsp;&nbsp;&nbsp; TeamSystem SpA, (3-mo. EURIBOR + 3.50%), 5.52%, <br> 07/31/31<sup>(a)(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 110835 |
| UKG, Inc., 6.88%, 02/01/31<sup>(b)(d)</sup> | USD | 1094 | &nbsp;&nbsp; 1069183 |
|  |  |  | &nbsp;&nbsp; 22467967 |
| **Specialty Retail — 0.3%** | **Specialty Retail — 0.3%** | **Specialty Retail — 0.3%** | **Specialty Retail — 0.3%** |
| Advance Auto Parts, Inc., 7.00%, 08/01/30<sup>(b)</sup> |  | 229 | &nbsp;&nbsp; 231988 |
| Afflelou SAS, 6.00%, 07/25/29<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 117511 |
| &nbsp;&nbsp;&nbsp; Bubbles Bidco SpA, (3-mo. EURIBOR + 4.25%), 6.38%, <br> 09/30/31<sup>(a)(f)</sup><br>|  | 100 | &nbsp;&nbsp; 115628 |
| &nbsp;&nbsp;&nbsp; Duomo Bidco SpA, (3-mo. EURIBOR + 3.25%), 5.31%, <br> 01/15/32<sup>(a)(f)</sup><br>|  | 100 | &nbsp;&nbsp; 113686 |
| &nbsp;&nbsp;&nbsp; Ferrellgas LP/Ferrellgas Finance Corp., 9.25%, <br> 01/15/31<sup>(b)</sup><br>| USD | 265 | &nbsp;&nbsp; 276114 |
| Goldstory SAS, 6.75%, 02/01/30<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 112998 |
| Michaels Cos., Inc., 8.50%, 03/15/33<sup>(b)</sup> | USD | 795 | &nbsp;&nbsp; 773928 |
| Staples, Inc., 10.75%, 09/01/29<sup>(b)</sup> |  | 243 | &nbsp;&nbsp; 224731 |
| &nbsp;&nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy <br> Finance Corp., 5.00%, 06/01/31<sup>(b)</sup><br>|  | 117 | &nbsp;&nbsp; 110083 |
|  |  |  | &nbsp;&nbsp; 2076667 |
| **Technology Hardware, Storage & Peripherals — 0.4%** | **Technology Hardware, Storage & Peripherals — 0.4%** | **Technology Hardware, Storage & Peripherals — 0.4%** | **Technology Hardware, Storage & Peripherals — 0.4%** |
| Apple, Inc., 2.65%, 02/08/51<sup>(d)</sup> |  | 2500 | &nbsp;&nbsp; 1512998 |
| Seagate Data Storage Technology Pte. Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 12/15/29 |  | 341 | &nbsp;&nbsp; 358114 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/30 |  | 339 | &nbsp;&nbsp; 344573 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/15/31 |  | 615 | &nbsp;&nbsp; 644795 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/01/34 |  | 129 | &nbsp;&nbsp; 128516 |
|  |  |  | &nbsp;&nbsp; 2988996 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** |
| Beach Acquisition Bidco LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/32 | EUR | 613 | &nbsp;&nbsp; $679551 |
| &nbsp;&nbsp;&nbsp; (10.00% Cash or 10.75% PIK), 10.00%, 07/15/33<sup>(h)</sup> | USD | 2473 | &nbsp;&nbsp; 2633573 |
| Levi Strauss & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/30 | EUR | 165 | &nbsp;&nbsp; 189445 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/31<sup>(b)</sup> | USD | 21 | &nbsp;&nbsp; 19228 |
| &nbsp;&nbsp;&nbsp; PrestigeBidCo GmbH, (3-mo. EURIBOR + 3.75%), <br> 5.77%, 07/01/29<sup>(a)(f)</sup><br>| EUR | 100 | &nbsp;&nbsp; 115440 |
|  |  |  | &nbsp;&nbsp; 3637237 |
| **Tobacco**<sup>(d)</sup> **— 0.3%** | **Tobacco**<sup>(d)</sup> **— 0.3%** | **Tobacco**<sup>(d)</sup> **— 0.3%** | **Tobacco**<sup>(d)</sup> **— 0.3%** |
| Altria Group, Inc., 3.40%, 02/04/41 | USD | 750 | &nbsp;&nbsp; 566114 |
| BAT Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.08%, 08/02/43 |  | 500 | &nbsp;&nbsp; 549589 |
| &nbsp;&nbsp;&nbsp; 4.54%, 08/15/47 |  | 715 | &nbsp;&nbsp; 580532 |
| Philip Morris International, Inc., 3.88%, 08/21/42 |  | 900 | &nbsp;&nbsp; 722243 |
|  |  |  | &nbsp;&nbsp; 2418478 |
| **Transportation Infrastructure — 0.2%** | **Transportation Infrastructure — 0.2%** | **Transportation Infrastructure — 0.2%** | **Transportation Infrastructure — 0.2%** |
| Edge Finco PLC, 8.13%, 08/15/31<sup>(f)</sup> | GBP | 100 | &nbsp;&nbsp; 136535 |
| FedEx Corp.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 02/01/35 | USD | 500 | &nbsp;&nbsp; 457346 |
| &nbsp;&nbsp;&nbsp; 4.40%, 01/15/47 |  | 500 | &nbsp;&nbsp; 389118 |
| RXO, Inc., 6.38%, 05/15/31<sup>(b)</sup> |  | 199 | &nbsp;&nbsp; 190942 |
|  |  |  | &nbsp;&nbsp; 1173941 |
| **Wireless Telecommunication Services — 1.5%** | **Wireless Telecommunication Services — 1.5%** | **Wireless Telecommunication Services — 1.5%** | **Wireless Telecommunication Services — 1.5%** |
| Altice France SA<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/15/30 |  | 372 | &nbsp;&nbsp; 355729 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/31 |  | 660 | &nbsp;&nbsp; 626298 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32 |  | 2126 | &nbsp;&nbsp; 2014261 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/15/32 |  | 748 | &nbsp;&nbsp; 708761 |
| &nbsp;&nbsp;&nbsp; Digicel International Finance Ltd./Difl U.S. LLC, 8.63%, <br> 08/01/32<sup>(b)(d)</sup><br>|  | 2867 | &nbsp;&nbsp; 2909425 |
| Iliad Holding SAS |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/30<sup>(f)</sup> | EUR | 100 | &nbsp;&nbsp; 116940 |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/15/31<sup>(b)</sup> | USD | 850 | &nbsp;&nbsp; 889366 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/32<sup>(b)</sup> |  | 944 | &nbsp;&nbsp; 945131 |
| Telecom Argentina SA, 9.25%, 05/28/33<sup>(b)</sup> |  | 174 | &nbsp;&nbsp; 180404 |
| Turkcell Iletisim Hizmetleri A/S, 7.65%, 01/24/32<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 203252 |
| Veon Midco BV, 3.38%, 11/25/27<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 189330 |
| &nbsp;&nbsp;&nbsp; VF Ukraine PAT via VFU Funding PLC, 9.63%, <br> 02/11/27<sup>(f)</sup><br>|  | 154 | &nbsp;&nbsp; 151489 |
| Vmed O2 U.K. Financing I PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/31/29<sup>(f)</sup> | GBP | 200 | &nbsp;&nbsp; 247652 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/31/31<sup>(b)</sup> | USD | 800 | &nbsp;&nbsp; 687071 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/31<sup>(b)</sup> |  | 602 | &nbsp;&nbsp; 517941 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/33<sup>(b)</sup> |  | 397 | &nbsp;&nbsp; 354698 |
| &nbsp;&nbsp;&nbsp; WOM Mobile SA, (5.50% Cash and 6.25% PIK), <br> 11.00%, 04/01/31<sup>(b)(h)</sup><br>|  | 11 | &nbsp;&nbsp; 11015 |
| Zegona Finance PLC, 6.75%, 07/15/29<sup>(f)</sup> | EUR | 90 | &nbsp;&nbsp; 107961 |
|  |  |  | &nbsp;&nbsp; 11216724 |
| **Total Corporate Bonds — 88.9%** <br>**(Cost: $684,779,758)** | **Total Corporate Bonds — 88.9%** <br>**(Cost: $684,779,758)** | **Total Corporate Bonds — 88.9%** <br>**(Cost: $684,779,758)** | &nbsp;&nbsp; 679637706 |
| **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** |
| **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC, Fixed Term Loan B, 7.75%, <br> 12/09/31<br>| USD | 1927 | &nbsp;&nbsp; 1813903 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Software — 0.3%** | **Software — 0.3%** | **Software — 0.3%** | **Software — 0.3%** |
| Cotiviti, Inc., 2024 Fixed Term Loan B, 7.63%, 05/01/31 | USD | 2072 | &nbsp;&nbsp; $1927201 |
| **Total Fixed Rate Loan Interests — 0.5%** <br>**(Cost: $3,999,381)** | **Total Fixed Rate Loan Interests — 0.5%** <br>**(Cost: $3,999,381)** | **Total Fixed Rate Loan Interests — 0.5%** <br>**(Cost: $3,999,381)** | &nbsp;&nbsp; 3741104 |
| **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> |
| **Advertising Agencies — 0.0%** | **Advertising Agencies — 0.0%** | **Advertising Agencies — 0.0%** | **Advertising Agencies — 0.0%** |
| &nbsp;&nbsp;&nbsp; Summer BC Holdco B SARL, 2024 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 5.26%), <br> 8.96%, 02/15/29<br>|  | 112 | &nbsp;&nbsp; 94780 |
| **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** |
| &nbsp;&nbsp;&nbsp; Air Comm Corp. LLC, 2025 Delayed Draw Term Loan, <br> 12/11/31<sup>(n)</sup><br>|  | 9 | &nbsp;&nbsp; 9287 |
| &nbsp;&nbsp;&nbsp; Arcline FM Holdings LLC, 2025 1st Lien Term Loan, <br> (3-mo. CME Term SOFR at 0.75% Floor + 2.75%), <br> 6.45%, 06/23/30<br>|  | — <br><sup>(o)</sup><br>| &nbsp;&nbsp; 123 |
| Cubic Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan B, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.25%), 8.18%, 05/25/29<br>|  | 170 | &nbsp;&nbsp; 33754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan C, (3-mo. CME Term <br> SOFR at 0.75% Floor + 1.26%), 4.93%, 05/25/29<br>|  | 30 | &nbsp;&nbsp; 5871 |
| Kaman Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 0.50% Floor + 2.50%), 6.19%, 02/26/32<br>|  | 5 | &nbsp;&nbsp; 4331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at <br> 0.50% Floor + 2.50%), 6.17%, 02/26/32<br>|  | 234 | &nbsp;&nbsp; 233919 |
| &nbsp;&nbsp;&nbsp; Propulsion BC Finco SARL, 2025 Repriced Term Loan <br> B, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), <br> 6.20%, 12/01/32<br>|  | 99 | &nbsp;&nbsp; 99122 |
| &nbsp;&nbsp;&nbsp; Signia Aerospace LLC, 2025 Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 2.75%), 6.42%, <br> 12/11/31<br>|  | 190 | &nbsp;&nbsp; 190532 |
|  |  |  | &nbsp;&nbsp; 576939 |
| **Automobile Components — 0.2%** | **Automobile Components — 0.2%** | **Automobile Components — 0.2%** | **Automobile Components — 0.2%** |
| &nbsp;&nbsp;&nbsp; Champions Financing, Inc., 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.75%), 8.42%, <br> 02/23/29<br>|  | 451 | &nbsp;&nbsp; 390227 |
| &nbsp;&nbsp;&nbsp; Clarios Global LP, 2025 USD Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.42%, <br> 01/28/32<br>|  | 470 | &nbsp;&nbsp; 467722 |
| Tenneco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan A, (3-mo. CME Term SOFR at 0.50% <br> Floor + 4.85%), 8.51%, 11/17/28<br>|  | 39 | &nbsp;&nbsp; 37983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B, (3-mo. CME Term SOFR + <br> 5.10%), 8.76%, 11/17/28<br>|  | 314 | &nbsp;&nbsp; 305639 |
|  |  |  | &nbsp;&nbsp; 1201571 |
| **Automobiles — 0.0%** | **Automobiles — 0.0%** | **Automobiles — 0.0%** | **Automobiles — 0.0%** |
| &nbsp;&nbsp;&nbsp; MajorDrive Holdings IV LLC, Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.00%), 7.96%, <br> 06/01/28<br>|  | 82 | &nbsp;&nbsp; 73833 |
| **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** |
| &nbsp;&nbsp;&nbsp; Boots Group Finco LP, USD Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.25%), 6.92%, <br> 08/30/32<br>|  | 1091 | &nbsp;&nbsp; 1093993 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Building Products — 0.1%** | **Building Products — 0.1%** | **Building Products — 0.1%** | **Building Products — 0.1%** |
| &nbsp;&nbsp;&nbsp; Chariot Buyer LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.42%, <br> 09/08/32<br>| USD | 59 | &nbsp;&nbsp; $58477 |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 5.25%), 8.92%, 07/08/30<br>|  | 131 | &nbsp;&nbsp; 119483 |
| &nbsp;&nbsp;&nbsp; White Cap Supply Holdings LLC, 2024 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.92%, 10/19/29<br>|  | 648 | &nbsp;&nbsp; 622153 |
| &nbsp;&nbsp;&nbsp; Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.25%), 7.95%, 08/05/31<br>|  | 273 | &nbsp;&nbsp; 236991 |
|  |  |  | &nbsp;&nbsp; 1037104 |
| **Capital Markets — 0.1%** | **Capital Markets — 0.1%** | **Capital Markets — 0.1%** | **Capital Markets — 0.1%** |
| &nbsp;&nbsp;&nbsp; Ardonagh Group Finco Pty. Ltd., 2024 USD Term Loan <br> B, (6-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.37%, 02/15/31<br>|  | 291 | &nbsp;&nbsp; 284355 |
| Jupiter Borrower, Inc., Term Loan B, 03/25/33<sup>(e)(n)</sup> |  | 186 | &nbsp;&nbsp; 185535 |
| &nbsp;&nbsp;&nbsp; OVG Business Services LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR + 3.00%), 6.67%, 06/25/31<br>|  | 16 | &nbsp;&nbsp; 15745 |
|  |  |  | &nbsp;&nbsp; 485635 |
| **Chemicals — 0.2%** | **Chemicals — 0.2%** | **Chemicals — 0.2%** | **Chemicals — 0.2%** |
| Advancion Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2020 2nd Lien Term Loan, (3-mo. CME Term SOFR + <br> 7.85%), 11.52%, 11/24/28<br>|  | 118 | &nbsp;&nbsp; 105578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2020 USD Term Loan, (3-mo. CME Term SOFR + <br> 4.10%), 7.77%, 11/24/27<br>|  | 90 | &nbsp;&nbsp; 85812 |
| &nbsp;&nbsp;&nbsp; Discovery Purchaser Corp., Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 3.75%), 7.42%, <br> 10/04/29<br>|  | 680 | &nbsp;&nbsp; 668334 |
| &nbsp;&nbsp;&nbsp; Lonza Group AG, USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.03%), 7.72%, 07/03/28<br>|  | 508 | &nbsp;&nbsp; 441870 |
| &nbsp;&nbsp;&nbsp; Olympus Water U.S. Holding Corp., 2025 USD Term <br> Loan B, (3-mo. CME Term SOFR at 0.00% Floor + <br> 3.25%), 6.95%, 11/03/32<br>|  | 351 | &nbsp;&nbsp; 337570 |
| &nbsp;&nbsp;&nbsp; Oxea Corp., 2017 USD Term Loan B2, (3-mo. CME <br> Term SOFR at 0.00% Floor + 4.85%), 8.50%, <br> 04/08/31<br>|  | 65 | &nbsp;&nbsp; 44401 |
| &nbsp;&nbsp;&nbsp; WR Grace Holdings LLC, 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.70%, <br> 08/19/32<br>|  | 193 | &nbsp;&nbsp; 192146 |
|  |  |  | &nbsp;&nbsp; 1875711 |
| **Commercial Services & Supplies — 0.1%** | **Commercial Services & Supplies — 0.1%** | **Commercial Services & Supplies — 0.1%** | **Commercial Services & Supplies — 0.1%** |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC, 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.92%, 08/20/32<br>|  | 659 | &nbsp;&nbsp; 658634 |
| &nbsp;&nbsp;&nbsp; LABL, Inc., 2026 USD Interim New Money DIP Term <br> Loan, (3-mo. CME Term SOFR at 0.50% Floor + <br> 6.75%), 10.38%, 12/02/26<br>|  | 89 | &nbsp;&nbsp; 88686 |
|  |  |  | &nbsp;&nbsp; 747320 |
| **Construction & Engineering — 0.2%** | **Construction & Engineering — 0.2%** | **Construction & Engineering — 0.2%** | **Construction & Engineering — 0.2%** |
| Azuria Water Solutions, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2026 Delayed Draw Term Loan, 01/27/33<sup>(n)</sup> |  | 37 | &nbsp;&nbsp; 36779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, (Prime + 1.75%), 8.50%, <br> 01/27/33<br>|  | 279 | &nbsp;&nbsp; 275842 |
| &nbsp;&nbsp;&nbsp; Brand Industrial Services, Inc., 2024 Term Loan B, (3-<br> mo. CME Term SOFR at 0.50% Floor + 4.50%), <br> 8.16%, 08/01/30<br>|  | 1219 | &nbsp;&nbsp; 1042881 |
|  |  |  | &nbsp;&nbsp; 1355502 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Construction Materials — 0.0%** | **Construction Materials — 0.0%** | **Construction Materials — 0.0%** | **Construction Materials — 0.0%** |
| &nbsp;&nbsp;&nbsp; White Cap Buyer LLC, 2026 Incremental Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.50%), <br> 7.17%, 02/10/33<br>| USD | 266 | &nbsp;&nbsp; $252479 |
| **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** |
| &nbsp;&nbsp;&nbsp; Jupiter Buyer, Inc., 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 4.00%), 7.70%, <br> 11/01/31<br>|  | 91 | &nbsp;&nbsp; 91038 |
| **Consumer Staples Distribution & Retail — 0.1%** | **Consumer Staples Distribution & Retail — 0.1%** | **Consumer Staples Distribution & Retail — 0.1%** | **Consumer Staples Distribution & Retail — 0.1%** |
| &nbsp;&nbsp;&nbsp; BCPE Empire Holdings, Inc., 2026 10th Amendment <br> Term Loan, (1-mo. CME Term SOFR + 3.50%), <br> 7.17%, 12/29/32<br>|  | 622 | &nbsp;&nbsp; 611507 |
| **Containers & Packaging — 0.1%** | **Containers & Packaging — 0.1%** | **Containers & Packaging — 0.1%** | **Containers & Packaging — 0.1%** |
| &nbsp;&nbsp;&nbsp; LABL, Inc., 2021 USD 1st Lien Term Loan, 0.00%, <br> 10/30/28<sup>(k)</sup><br>|  | 466 | &nbsp;&nbsp; 211494 |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co., 2025 Term <br> Loan B, (3-mo. CME Term SOFR at 0.00% Floor + <br> 3.50%), 7.16%, 04/15/30<br>|  | 833 | &nbsp;&nbsp; 803545 |
|  |  |  | &nbsp;&nbsp; 1015039 |
| **Diversified Consumer Services — 0.1%** | **Diversified Consumer Services — 0.1%** | **Diversified Consumer Services — 0.1%** | **Diversified Consumer Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Wand NewCo 3, Inc., 2025 Repriced Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.17%, 01/30/31<br>|  | 376 | &nbsp;&nbsp; 372939 |
| **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Coral-U.S. Co-Borrower LLC, 2025 Term Loan B7, (3-<br> mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.92%, 01/31/32<br>|  | 441 | &nbsp;&nbsp; 432151 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc., 2025 Repriced Term Loan B4, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.92%, 03/29/32<br>|  | 1480 | &nbsp;&nbsp; 1478461 |
| &nbsp;&nbsp;&nbsp; Zayo Group Holdings, Inc., 2025 USD Term Loan, (1-<br> mo. CME Term SOFR at 0.00% Floor + 3.11% and <br> 0.50% PIK), 7.28%, 03/11/30<sup>(h)</sup><br>|  | 2386 | &nbsp;&nbsp; 2339477 |
|  |  |  | &nbsp;&nbsp; 4250089 |
| **Financial Services — 0.1%** | **Financial Services — 0.1%** | **Financial Services — 0.1%** | **Financial Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Acuren Delaware Holdco, Inc., 2025 Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.42%, <br> 07/30/31<br>|  | 60 | &nbsp;&nbsp; 60408 |
| &nbsp;&nbsp;&nbsp; LBM Acquisition LLC, 2024 Incremental Term Loan B, <br> (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), <br> 7.50%, 06/06/31<br>|  | 469 | &nbsp;&nbsp; 373971 |
| &nbsp;&nbsp;&nbsp; Summit Acquisition, Inc., 2025 Add-on Term Loan, (1-<br> mo. CME Term SOFR at 0.00% Floor + 3.50%), <br> 7.17%, 10/16/31<sup>(e)</sup><br>|  | 181 | &nbsp;&nbsp; 180270 |
|  |  |  | &nbsp;&nbsp; 614649 |
| **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** |
| Hertz Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, (1-mo. CME Term SOFR + <br> 3.61%), 7.28%, 06/30/28<br>|  | 163 | &nbsp;&nbsp; 119904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan C, (1-mo. CME Term SOFR + <br> 3.61%), 7.28%, 06/30/28<br>|  | 32 | &nbsp;&nbsp; 23789 |
|  |  |  | &nbsp;&nbsp; 143693 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Equipment & Supplies — 0.3%** | **Health Care Equipment & Supplies — 0.3%** | **Health Care Equipment & Supplies — 0.3%** | **Health Care Equipment & Supplies — 0.3%** |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.42%, <br> 02/15/29<br>| USD | 360 | &nbsp;&nbsp; $352860 |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corporation, 2025 Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.75%), <br> 7.42%, 01/15/31<br>|  | 867 | &nbsp;&nbsp; 868554 |
| &nbsp;&nbsp;&nbsp; Hologic Inc., 2026 USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 5.92%, 01/14/33<br>|  | 1016 | &nbsp;&nbsp; 1003300 |
|  |  |  | &nbsp;&nbsp; 2224714 |
| **Health Care Providers & Services — 0.2%** | **Health Care Providers & Services — 0.2%** | **Health Care Providers & Services — 0.2%** | **Health Care Providers & Services — 0.2%** |
| LifePoint Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 3.75%), 7.42%, 05/19/31<br>|  | 339 | &nbsp;&nbsp; 338886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Term Loan B1, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.50%), 7.15%, 05/19/31<br>|  | 200 | &nbsp;&nbsp; 199720 |
| &nbsp;&nbsp;&nbsp; Quorum Health Corp., 2020 Term Loan, (3-mo. CME <br> Term SOFR at 1.00% Floor + 6.60% and 4.75% PIK), <br> 15.00%, 01/28/28<sup>(e)(h)</sup><br>|  | 349 | &nbsp;&nbsp; 232574 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 4.00%), 7.70%, 09/27/30<br>|  | 548 | &nbsp;&nbsp; 541043 |
|  |  |  | &nbsp;&nbsp; 1312223 |
| **Hotels, Restaurants & Leisure — 0.0%** | **Hotels, Restaurants & Leisure — 0.0%** | **Hotels, Restaurants & Leisure — 0.0%** | **Hotels, Restaurants & Leisure — 0.0%** |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp., 2024 Term Loan B, (3-<br> mo. CME Term SOFR at 0.00% Floor + 4.75%), <br> 8.44%, 11/01/29<br>|  | 172 | &nbsp;&nbsp; 168652 |
| **Household Durables — 0.0%** | **Household Durables — 0.0%** | **Household Durables — 0.0%** | **Household Durables — 0.0%** |
| &nbsp;&nbsp;&nbsp; Springs Windows Fashions LLC, 2024 FLFO Delayed <br> Draw Term Loan, (1-mo. CME Term SOFR at 1.00% <br> Floor + 4.50%), 8.17%, 12/19/29<br>|  | 34 | &nbsp;&nbsp; 34132 |
| &nbsp;&nbsp;&nbsp; SWF Holdings I Corp., 2024 FLFO A1 Term Loan, (1-<br> mo. CME Term SOFR at 1.00% Floor + 4.50%), <br> 8.17%, 12/19/29<br>|  | 52 | &nbsp;&nbsp; 51197 |
|  |  |  | &nbsp;&nbsp; 85329 |
| **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** |
| &nbsp;&nbsp;&nbsp; Heritage Environmental Services, Inc., 2026 Term Loan <br> B, (3-mo. CME Term SOFR at 0.00% Floor + 3.00%), <br> 6.68%, 04/01/33<sup>(e)</sup><br>|  | 125 | &nbsp;&nbsp; 125000 |
| &nbsp;&nbsp;&nbsp; LSF12 Crown U.S. Commercial Bidco LLC, 2026 Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 3.00%), 6.67%, 12/02/31<br>|  | 359 | &nbsp;&nbsp; 358582 |
| &nbsp;&nbsp;&nbsp; Resilience Parent LLC, 1st Lien Term Loan, (6-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.10%, <br> 02/28/33<br>|  | 434 | &nbsp;&nbsp; 431422 |
|  |  |  | &nbsp;&nbsp; 915004 |
| **Insurance — 0.2%** | **Insurance — 0.2%** | **Insurance — 0.2%** | **Insurance — 0.2%** |
| &nbsp;&nbsp;&nbsp; Asurion LLC, 2025 Term Loan B13, (1-mo. CME Term <br> SOFR at 0.00% Floor + 4.25%), 7.92%, 09/19/30<br>|  | 481 | &nbsp;&nbsp; 475178 |
| &nbsp;&nbsp;&nbsp; Hyperion Insurance Group Ltd., 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.42%, 04/18/30<br>|  | 42 | &nbsp;&nbsp; 40602 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| &nbsp;&nbsp;&nbsp; Jones DesLauriers Insurance Management Inc., <br> 2026 Repriced Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 6.66%, 02/02/33<br>| USD | 319 | &nbsp;&nbsp; $308992 |
| &nbsp;&nbsp;&nbsp; Truist Insurance Holdings LLC, 2nd Lien Term Loan, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.75%), <br> 8.45%, 05/06/32<br>|  | 385 | &nbsp;&nbsp; 380673 |
|  |  |  | &nbsp;&nbsp; 1205445 |
| **Interactive Media & Services — 0.0%** | **Interactive Media & Services — 0.0%** | **Interactive Media & Services — 0.0%** | **Interactive Media & Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Camelot U.S. Acquisition LLC, 2025 Incremental Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 3.25%), 6.92%, 01/31/31<br>|  | 331 | &nbsp;&nbsp; 286936 |
| **IT Services — 0.1%** | **IT Services — 0.1%** | **IT Services — 0.1%** | **IT Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Fortress Intermediate 3, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.67%, <br> 06/27/31<sup>(e)</sup><br>|  | 148 | &nbsp;&nbsp; 146631 |
| &nbsp;&nbsp;&nbsp; Neptune Bidco U.S., Inc., 2026 USD Term Loan B, (3-<br> mo. CME Term SOFR at 0.50% Floor + 5.10%), <br> 8.76%, 02/03/33<br>|  | 267 | &nbsp;&nbsp; 254451 |
|  |  |  | &nbsp;&nbsp; 401082 |
| **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** |
| &nbsp;&nbsp;&nbsp; City Football Group Ltd., 2024 Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 3.50%), 7.31%, <br> 07/22/30<br>|  | 290 | &nbsp;&nbsp; 289057 |
| **Machinery — 0.1%** | **Machinery — 0.1%** | **Machinery — 0.1%** | **Machinery — 0.1%** |
| &nbsp;&nbsp;&nbsp; CompoSecure Holdings LLC, Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 5.93%, <br> 01/14/33<br>|  | 390 | &nbsp;&nbsp; 388296 |
| &nbsp;&nbsp;&nbsp; GrafTech Global Enterprises, Inc., 2024 Term Loan, <br> (3-mo. CME Term SOFR at 2.00% Floor + 6.00%), <br> 9.67%, 12/21/29<br>|  | 123 | &nbsp;&nbsp; 116313 |
| &nbsp;&nbsp;&nbsp; LSF12 Helix Parent LLC, USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.17%, <br> 02/10/33<br>|  | 363 | &nbsp;&nbsp; 357347 |
| &nbsp;&nbsp;&nbsp; PECF USS Intermediate Holding III Corp., 2026 Term <br> Loan, (3-mo. CME Term SOFR at 2.00% Floor + <br> 7.50%), 11.17%, 03/03/33<br>|  | 24 | &nbsp;&nbsp; 23186 |
| &nbsp;&nbsp;&nbsp; Tega MC Australia Holdings Pty. Ltd., Term Loan B, <br> 03/25/33<sup>(e)(n)</sup><br>|  | 150 | &nbsp;&nbsp; 148875 |
|  |  |  | &nbsp;&nbsp; 1034017 |
| **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |
| &nbsp;&nbsp;&nbsp; Altice France SA, 2025 USD Term Loan B14, (3-mo. <br> CME Term SOFR at 0.00% Floor + 6.88%), 10.55%, <br> 05/31/31<br>|  | 417 | &nbsp;&nbsp; 416988 |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc., 2024 Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.11%), <br> 7.78%, 08/23/28<br>|  | 865 | &nbsp;&nbsp; 865421 |
| &nbsp;&nbsp;&nbsp; CMG Media Corp., 2024 Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.60%), 7.30%, 06/18/29<br>|  | 391 | &nbsp;&nbsp; 365504 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, 2019 Term Loan B5, (Prime + <br> 1.50%), 8.25%, 04/15/27<br>|  | 531 | &nbsp;&nbsp; 466993 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC, 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.75% Floor + 5.50%), 9.17%, <br> 02/17/31<br>| USD | 1105 | &nbsp;&nbsp; $1104787 |
| Gray Media, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan D, (1-mo. CME Term SOFR + <br> 3.11%), 6.78%, 12/01/28<br>|  | 146 | &nbsp;&nbsp; 145243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (1-mo. CME Term SOFR + <br> 5.25%), 8.92%, 06/04/29<br>|  | 1 | &nbsp;&nbsp; 1240 |
| &nbsp;&nbsp;&nbsp; Radiate Holdco LLC, 2025 FLFO Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.61% and 1.50% <br> PIK), 8.78%, 09/25/29<sup>(h)</sup><br>|  | 738 | &nbsp;&nbsp; 654954 |
|  |  |  | &nbsp;&nbsp; 4021130 |
| **Oil, Gas & Consumable Fuels — 0.0%** | **Oil, Gas & Consumable Fuels — 0.0%** | **Oil, Gas & Consumable Fuels — 0.0%** | **Oil, Gas & Consumable Fuels — 0.0%** |
| &nbsp;&nbsp;&nbsp; NGL Energy Partners LP, 2026 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.18%, <br> 03/11/33<br>|  | 196 | &nbsp;&nbsp; 196000 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| &nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC, 2026 Term Loan, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.67%, <br> 08/01/32<br>|  | 459 | &nbsp;&nbsp; 459536 |
| &nbsp;&nbsp;&nbsp; Endo Finance Holdings, Inc., 2024 1st Lien Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), <br> 7.42%, 04/23/31<br>|  | 238 | &nbsp;&nbsp; 236787 |
|  |  |  | &nbsp;&nbsp; 696323 |
| **Professional Services — 0.1%** | **Professional Services — 0.1%** | **Professional Services — 0.1%** | **Professional Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Amentum Holdings, Inc., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.67%, <br> 09/29/31<br>|  | 44 | &nbsp;&nbsp; 43724 |
| &nbsp;&nbsp;&nbsp; CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.28%, 06/02/28<br>|  | 200 | &nbsp;&nbsp; 191480 |
| &nbsp;&nbsp;&nbsp; Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term <br> SOFR at 0.50% Floor + 2.00% and 3.25% PIK), <br> 8.92%, 07/31/30<sup>(h)</sup><br>|  | 326 | &nbsp;&nbsp; 280083 |
|  |  |  | &nbsp;&nbsp; 515287 |
| **Software — 0.1%** | **Software — 0.1%** | **Software — 0.1%** | **Software — 0.1%** |
| &nbsp;&nbsp;&nbsp; McAfee Corp., 2024 USD 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.67%, <br> 03/01/29<br>|  | 619 | &nbsp;&nbsp; 551294 |
| &nbsp;&nbsp;&nbsp; Proofpoint, Inc., 2025 Repriced Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 3.00%), 6.70%, <br> 08/31/28<br>|  | 72 | &nbsp;&nbsp; 69247 |
| Sabre GLBL, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 9.77%, 11/15/29<br>|  | 71 | &nbsp;&nbsp; 55802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 9.77%, 11/15/29<br>|  | 35 | &nbsp;&nbsp; 27044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 11th Amendment Term Loan B2, (1-mo. CME <br> Term SOFR at 0.50% Floor + 6.35%), 10.02%, <br> 07/30/29<br>|  | 21 | &nbsp;&nbsp; 16464 |
|  |  |  | &nbsp;&nbsp; 719851 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** |
| &nbsp;&nbsp;&nbsp; Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.70%, <br> 01/20/32<br>| USD | 114 | &nbsp;&nbsp; $113154 |
| **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Digicel International Finance Ltd., 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 5.25%), <br> 8.92%, 08/06/32<br>|  | 385 | &nbsp;&nbsp; 384154 |
| &nbsp;&nbsp;&nbsp; Windstream Services LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 4.00%), 7.67%, <br> 10/06/32<br>|  | 318 | &nbsp;&nbsp; 318005 |
|  |  |  | &nbsp;&nbsp; 702159 |
| **Total Floating Rate Loan Interests — 4.0%** <br>**(Cost: $31,702,668)** | **Total Floating Rate Loan Interests — 4.0%** <br>**(Cost: $31,702,668)** | **Total Floating Rate Loan Interests — 4.0%** <br>**(Cost: $31,702,668)** | &nbsp;&nbsp; 30780184 |
| **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** |
| **Angola — 0.0%** | **Angola — 0.0%** | **Angola — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Angola Government International Bonds, 8.75%, <br> 04/14/32<sup>(a)(b)</sup><br>|  | 200 | &nbsp;&nbsp; 194100 |
| **Argentina — 0.0%** | **Argentina — 0.0%** | **Argentina — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Argentine Republic Government International Bonds, <br> 1.75%, 07/09/30<sup>(a)(m)</sup><br>|  | 188 | &nbsp;&nbsp; 157806 |
| **Bahrain — 0.0%** | **Bahrain — 0.0%** | **Bahrain — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Bahrain Government International Bonds, 5.45%, <br> 09/16/32<sup>(a)(f)</sup><br>|  | 200 | &nbsp;&nbsp; 179775 |
| **Barbados — 0.1%** | **Barbados — 0.1%** | **Barbados — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Barbados Government International Bonds, 8.00%, <br> 06/26/35<sup>(a)(b)</sup><br>|  | 378 | &nbsp;&nbsp; 385938 |
| **Benin — 0.1%** | **Benin — 0.1%** | **Benin — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Benin Government International Bonds, 7.96%, <br> 02/13/38<sup>(a)(b)</sup><br>|  | 400 | &nbsp;&nbsp; 391330 |
| **Brazil — 0.1%** | **Brazil — 0.1%** | **Brazil — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Brazil Government International Bonds, 6.63%, <br> 03/15/35<sup>(a)</sup><br>|  | 306 | &nbsp;&nbsp; 313038 |
| &nbsp;&nbsp;&nbsp; Brazilian Government International Bonds, 6.25%, <br> 05/22/36<sup>(a)</sup><br>|  | 200 | &nbsp;&nbsp; 196305 |
|  |  |  | &nbsp;&nbsp; 509343 |
| **Bulgaria — 0.0%** | **Bulgaria — 0.0%** | **Bulgaria — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Bulgaria Government International Bonds, Series 13Y, <br> 5.00%, 03/05/37<sup>(a)(f)</sup><br>|  | 190 | &nbsp;&nbsp; 182987 |
| **Cameroon, United Republic Of — 0.0%** | **Cameroon, United Republic Of — 0.0%** | **Cameroon, United Republic Of — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Republic of Cameroon International Bonds, Series 7Y, <br> 8.88%, 01/30/33<sup>(a)(f)</sup><br>|  | 200 | &nbsp;&nbsp; 188600 |
| **Cayman Islands — 0.0%** | **Cayman Islands — 0.0%** | **Cayman Islands — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Kyrgyz Republic International Bonds, 7.75%, <br> 06/03/30<sup>(a)(b)</sup><br>|  | 200 | &nbsp;&nbsp; 199408 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |  |
| Chile Government International Bonds<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/14/32 | EUR | 146 | &nbsp;&nbsp; 167173 |
| &nbsp;&nbsp;&nbsp; 4.34%, 03/07/42<sup>(d)</sup> | USD | 400 | &nbsp;&nbsp; 350800 |
|  |  |  | &nbsp;&nbsp; 517973 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Colombia — 0.1%** | **Colombia — 0.1%** | **Colombia — 0.1%** |  |
| Colombia Government International Bonds<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 01/21/31<sup>(d)</sup> | USD | 200 | &nbsp;&nbsp; $196800 |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/14/35 |  | 200 | &nbsp;&nbsp; 209410 |
| &nbsp;&nbsp;&nbsp; 7.75%, 11/07/36 |  | 200 | &nbsp;&nbsp; 204610 |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/26/38 | EUR | 137 | &nbsp;&nbsp; 150455 |
|  |  |  | &nbsp;&nbsp; 761275 |
| **Costa Rica — 0.0%** | **Costa Rica — 0.0%** | **Costa Rica — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Costa Rica Government International Bonds, 7.30%, <br> 11/13/54<sup>(a)(b)</sup><br>| USD | 200 | &nbsp;&nbsp; 217000 |
| **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** |  |
| Dominican Republic International Bonds<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/30/30 |  | 360 | &nbsp;&nbsp; 342000 |
| &nbsp;&nbsp;&nbsp; 7.05%, 02/03/31 |  | 300 | &nbsp;&nbsp; 310200 |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/15/37 |  | 300 | &nbsp;&nbsp; 305093 |
|  |  |  | &nbsp;&nbsp; 957293 |
| **Egypt — 0.1%** | **Egypt — 0.1%** | **Egypt — 0.1%** |  |
| Egypt Government International Bonds<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/16/30<sup>(f)</sup> | EUR | 247 | &nbsp;&nbsp; 266667 |
| &nbsp;&nbsp;&nbsp; 9.45%, 02/04/33<sup>(b)</sup> | USD | 200 | &nbsp;&nbsp; 209262 |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/31/47<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 172375 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/16/61<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 152080 |
|  |  |  | &nbsp;&nbsp; 800384 |
| **Gabon — 0.0%** | **Gabon — 0.0%** | **Gabon — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Gabon Government International Bonds, Series 4Y, <br> 9.50%, 02/18/29<sup>(a)(f)</sup><br>|  | 200 | &nbsp;&nbsp; 187122 |
| **Guatemala — 0.1%** | **Guatemala — 0.1%** | **Guatemala — 0.1%** |  |
| Guatemala Government Bonds<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.05%, 10/04/32 |  | 400 | &nbsp;&nbsp; 428000 |
| &nbsp;&nbsp;&nbsp; 6.60%, 06/13/36 |  | 200 | &nbsp;&nbsp; 209340 |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/15/36 |  | 200 | &nbsp;&nbsp; 203350 |
|  |  |  | &nbsp;&nbsp; 840690 |
| **Hungary — 0.2%** | **Hungary — 0.2%** | **Hungary — 0.2%** |  |
| Hungary Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/16/29<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 200395 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/26/35<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 202736 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/26/36<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 194500 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/23/55<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 203316 |
| Magyar Export-Import Bank Zrt, 6.00%, 05/16/29<sup>(f)</sup> | EUR | 274 | &nbsp;&nbsp; 332050 |
|  |  |  | &nbsp;&nbsp; 1132997 |
| **Indonesia — 0.0%** | **Indonesia — 0.0%** | **Indonesia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Indonesia Government International Bonds, 3.88%, <br> 01/15/33<br>|  | 138 | &nbsp;&nbsp; 155022 |
| **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** |  |
| Ivory Coast Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/03/28<sup>(f)</sup> | USD | 133 | &nbsp;&nbsp; 134200 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/17/31<sup>(f)</sup> | EUR | 202 | &nbsp;&nbsp; 227762 |
| &nbsp;&nbsp;&nbsp; 8.08%, 04/01/36<sup>(b)</sup> | USD | 200 | &nbsp;&nbsp; 203218 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/30/37<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 204721 |
|  |  |  | &nbsp;&nbsp; 769901 |
| **Jordan — 0.1%** | **Jordan — 0.1%** | **Jordan — 0.1%** |  |
| Jordan Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/13/29<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 205637 |
| &nbsp;&nbsp;&nbsp; 5.85%, 07/07/30<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 196250 |
|  |  |  | &nbsp;&nbsp; 401887 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Kenya — 0.0%** | **Kenya — 0.0%** | **Kenya — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Republic of Kenya Government International Bonds, <br> 9.75%, 02/16/31<sup>(b)</sup><br>| USD | 200 | &nbsp;&nbsp; $205190 |
| **Latvia — 0.1%** | **Latvia — 0.1%** | **Latvia — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Latvia Government International Bonds, 5.13%, <br> 07/30/34<sup>(b)</sup><br>|  | 400 | &nbsp;&nbsp; 400500 |
| **Mexico — 0.2%** | **Mexico — 0.2%** | **Mexico — 0.2%** |  |
| Eagle Funding Luxco SARL, 5.50%, 08/17/30<sup>(b)</sup> |  | 500 | &nbsp;&nbsp; 501250 |
| Mexico Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/22/33 |  | 400 | &nbsp;&nbsp; 390800 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/09/34 |  | 210 | &nbsp;&nbsp; 206220 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/22/35<sup>(d)</sup> |  | 324 | &nbsp;&nbsp; 313308 |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/09/38 |  | 200 | &nbsp;&nbsp; 195400 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/19/38 | EUR | 123 | &nbsp;&nbsp; 137229 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/16/40 |  | 100 | &nbsp;&nbsp; 111324 |
|  |  |  | &nbsp;&nbsp; 1855531 |
| **Montenegro — 0.0%** | **Montenegro — 0.0%** | **Montenegro — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Montenegro Government International Bonds, 2.88%, <br> 12/16/27<sup>(f)</sup><br>|  | 142 | &nbsp;&nbsp; 159976 |
| **Morocco — 0.1%** | **Morocco — 0.1%** | **Morocco — 0.1%** |  |
| Morocco Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 12/15/27<sup>(f)</sup> | USD | 200 | &nbsp;&nbsp; 192030 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/08/28<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 203340 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/02/35<sup>(b)</sup> | EUR | 290 | &nbsp;&nbsp; 329833 |
|  |  |  | &nbsp;&nbsp; 725203 |
| **Nigeria — 0.1%** | **Nigeria — 0.1%** | **Nigeria — 0.1%** |  |
| Nigeria Government International Bonds<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.38%, 12/09/34 | USD | 200 | &nbsp;&nbsp; 228800 |
| &nbsp;&nbsp;&nbsp; 9.13%, 01/13/46 |  | 400 | &nbsp;&nbsp; 417200 |
|  |  |  | &nbsp;&nbsp; 646000 |
| **Oman — 0.0%** | **Oman — 0.0%** | **Oman — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Oman Government International Bonds, 6.75%, <br> 01/17/48<sup>(f)</sup><br>|  | 309 | &nbsp;&nbsp; 322215 |
| **Panama — 0.0%** | **Panama — 0.0%** | **Panama — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Panama Government International Bonds, 6.40%, <br> 02/14/35<br>|  | 200 | &nbsp;&nbsp; 207600 |
| **Paraguay — 0.1%** | **Paraguay — 0.1%** | **Paraguay — 0.1%** |  |
| Paraguay Government International Bonds<sup>(f)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.74%, 01/29/33 |  | 200 | &nbsp;&nbsp; 175800 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/13/48 |  | 200 | &nbsp;&nbsp; 183600 |
|  |  |  | &nbsp;&nbsp; 359400 |
| **Peru — 0.1%** | **Peru — 0.1%** | **Peru — 0.1%** |  |
| Corp. Financiera de Desarrollo SA, 5.50%, 05/06/30<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 203055 |
| Peru Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.78%, 01/23/31 |  | 374 | &nbsp;&nbsp; 341453 |
| &nbsp;&nbsp;&nbsp; 1.86%, 12/01/32<sup>(d)</sup> |  | 244 | &nbsp;&nbsp; 201056 |
|  |  |  | &nbsp;&nbsp; 745564 |
| **Poland — 0.0%** | **Poland — 0.0%** | **Poland — 0.0%** |  |
| Republic of Poland Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 10Y, 4.88%, 10/04/33<sup>(d)</sup> |  | 138 | &nbsp;&nbsp; 137700 |
| &nbsp;&nbsp;&nbsp; Series 30Y, 5.50%, 04/04/53 |  | 180 | &nbsp;&nbsp; 165503 |
|  |  |  | &nbsp;&nbsp; 303203 |
| **Republic of North Macedonia — 0.0%** | **Republic of North Macedonia — 0.0%** | **Republic of North Macedonia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; North Macedonia Government International Bonds, <br> 6.96%, 03/13/27<sup>(f)</sup><br>| EUR | 134 | &nbsp;&nbsp; 157141 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Romania — 0.2%** | **Romania — 0.2%** | **Romania — 0.2%** |  |
| Romanian Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/25/27<sup>(b)</sup> | USD | 92 | &nbsp;&nbsp; $91929 |
| &nbsp;&nbsp;&nbsp; 2.12%, 07/16/31<sup>(f)</sup> | EUR | 439 | &nbsp;&nbsp; 435487 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/04/33<sup>(b)</sup> |  | 248 | &nbsp;&nbsp; 267481 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/10/34<sup>(b)</sup> |  | 358 | &nbsp;&nbsp; 418967 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/11/39<sup>(b)</sup> |  | 158 | &nbsp;&nbsp; 181963 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/07/45<sup>(b)</sup> |  | 224 | &nbsp;&nbsp; 247337 |
|  |  |  | &nbsp;&nbsp; 1643164 |
| **Saudi Arabia — 0.0%** | **Saudi Arabia — 0.0%** | **Saudi Arabia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Saudi Government International Bonds, 5.00%, <br> 01/18/53<sup>(b)</sup><br>| USD | 238 | &nbsp;&nbsp; 200989 |
| **Serbia — 0.1%** | **Serbia — 0.1%** | **Serbia — 0.1%** |  |
| Serbia International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/26/33<sup>(f)</sup> |  | 200 | &nbsp;&nbsp; 208442 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/12/34<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 200000 |
|  |  |  | &nbsp;&nbsp; 408442 |
| **South Africa — 0.1%** | **South Africa — 0.1%** | **South Africa — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government International <br> Bonds<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.10%, 11/19/36<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 204926 |
| &nbsp;&nbsp;&nbsp; 7.95%, 11/19/54<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 197650 |
| &nbsp;&nbsp;&nbsp; 7.25%, 12/11/55<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 182900 |
| &nbsp;&nbsp;&nbsp; Series 30Y, 5.00%, 10/12/46 |  | 200 | &nbsp;&nbsp; 143500 |
| &nbsp;&nbsp;&nbsp; Series 30Y, 5.75%, 09/30/49 |  | 403 | &nbsp;&nbsp; 312325 |
|  |  |  | &nbsp;&nbsp; 1041301 |
| **Suriname — 0.0%** | **Suriname — 0.0%** | **Suriname — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Suriname Government International Bonds, 8.50%, <br> 11/06/35<sup>(b)</sup><br>|  | 200 | &nbsp;&nbsp; 206800 |
| **Trinidad And Tobago — 0.1%** | **Trinidad And Tobago — 0.1%** | **Trinidad And Tobago — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Trinidad & Tobago Government International Bonds, <br> 6.50%, 01/28/36<sup>(b)</sup><br>|  | 392 | &nbsp;&nbsp; 388080 |
| **Turkey — 0.1%** | **Turkey — 0.1%** | **Turkey — 0.1%** |  |
| Turkiye Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.30%, 03/14/33 |  | 200 | &nbsp;&nbsp; 189050 |
| &nbsp;&nbsp;&nbsp; Series 7Y, 7.13%, 02/12/32 |  | 400 | &nbsp;&nbsp; 400600 |
|  |  |  | &nbsp;&nbsp; 589650 |
| **Ukraine — 0.0%** | **Ukraine — 0.0%** | **Ukraine — 0.0%** |  |
| Ukraine Government International Bonds<sup>(f)(m)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/29 |  | 55 | &nbsp;&nbsp; 38739 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/30 |  | 6 | &nbsp;&nbsp; 3555 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/34 |  | 15 | &nbsp;&nbsp; 6633 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/34 |  | 34 | &nbsp;&nbsp; 18026 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/35 |  | 13 | &nbsp;&nbsp; 5821 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/36 |  | 13 | &nbsp;&nbsp; 5820 |
|  |  |  | &nbsp;&nbsp; 78594 |
| **United Arab Emirates — 0.1%** | **United Arab Emirates — 0.1%** | **United Arab Emirates — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Emirate of Dubai Government International Bonds, <br> 3.90%, 09/09/50<sup>(f)</sup><br>|  | 259 | &nbsp;&nbsp; 177855 |
| &nbsp;&nbsp;&nbsp; Republic of Armenia International Bonds, 6.75%, <br> 03/12/35<sup>(b)</sup><br>|  | 200 | &nbsp;&nbsp; 202220 |
|  |  |  | &nbsp;&nbsp; 380075 |
| **Uruguay — 0.0%** | **Uruguay — 0.0%** | **Uruguay — 0.0%** |  |
| Oriental Republic of Uruguay, 5.25%, 09/10/60 |  | 314 | &nbsp;&nbsp; 284134 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Uzbekistan — 0.1%** | **Uzbekistan — 0.1%** | **Uzbekistan — 0.1%** |  |
| Republic of Uzbekistan International Bonds<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/29/27 | EUR | 206 | &nbsp;&nbsp; $239597 |
| &nbsp;&nbsp;&nbsp; 7.85%, 10/12/28 | USD | 200 | &nbsp;&nbsp; 208626 |
|  |  |  | &nbsp;&nbsp; 448223 |
| **Total Foreign Agency Obligations — 2.7%** <br>**(Cost: $21,460,525)** | **Total Foreign Agency Obligations — 2.7%** <br>**(Cost: $21,460,525)** | **Total Foreign Agency Obligations — 2.7%** <br>**(Cost: $21,460,525)** | &nbsp;&nbsp; 20887806 |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Arizona — 0.1%** | **Arizona — 0.1%** | **Arizona — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, RB, <br> 7.38%, 10/01/29<sup>(b)</sup><br>|  | 700 | &nbsp;&nbsp; 737966 |
| **California — 0.1%** | **California — 0.1%** | **California — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Golden State Tobacco Securitization Corp., Refunding <br> RB, Series A-1, 3.71%, 06/01/41<br>|  | 1000 | &nbsp;&nbsp; 792242 |
| **Illinois — 0.1%** | **Illinois — 0.1%** | **Illinois — 0.1%** |  |
| State of Illinois, GO, 5.10%, 06/01/33 |  | 698 | &nbsp;&nbsp; 711028 |
| **Massachusetts — 0.1%** | **Massachusetts — 0.1%** | **Massachusetts — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Massachusetts Educational Financing Authority, <br> Refunding RB, Series A, 6.35%, 07/01/49<br>|  | 680 | &nbsp;&nbsp; 705764 |
| **New York — 0.1%** | **New York — 0.1%** | **New York — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, <br> Refunding RB, BAB, 6.01%, 06/15/42<br>|  | 1000 | &nbsp;&nbsp; 1030302 |
| **Texas — 0.1%** | **Texas — 0.1%** | **Texas — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, Refunding ARB, <br> Series B, 10.00%, 07/01/26<sup>(b)</sup><br>|  | 850 | &nbsp;&nbsp; 850723 |
| **Total Municipal Bonds — 0.6%** <br>**(Cost: $4,711,695)** | **Total Municipal Bonds — 0.6%** <br>**(Cost: $4,711,695)** | **Total Municipal Bonds — 0.6%** <br>**(Cost: $4,711,695)** | &nbsp;&nbsp; 4828025 |
| **Non-Agency Mortgage-Backed Securities** | **Non-Agency Mortgage-Backed Securities** | **Non-Agency Mortgage-Backed Securities** | **Non-Agency Mortgage-Backed Securities** |
| **Collateralized Mortgage Obligations — 12.7%** | **Collateralized Mortgage Obligations — 12.7%** | **Collateralized Mortgage Obligations — 12.7%** | **Collateralized Mortgage Obligations — 12.7%** |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust, Series 2024-NQM5, Class A1, <br> 5.70%, 11/25/69<sup>(b)</sup><br>|  | 1211 | &nbsp;&nbsp; 1215544 |
| &nbsp;&nbsp;&nbsp; ACRA Trust, Series 2024-NQM1, Class A1, 5.61%, <br> 10/25/64<sup>(b)</sup><br>|  | 369 | &nbsp;&nbsp; 369620 |
| &nbsp;&nbsp;&nbsp; Ajax Mortgage Loan Trust, Series 2017-D, Class B, <br> 0.00%, 12/25/57<sup>(a)(b)</sup><br>|  | 1 | &nbsp;&nbsp; 265 |
| Alternative Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2005-9CB, Class 1A3, (1 mo. Term SOFR + <br> 0.56%), 4.24%, 05/25/35<sup>(a)</sup><br>|  | 877 | &nbsp;&nbsp; 773339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-40T1, Class 2A5, (1 mo. Term SOFR + <br> 0.51%), 4.19%, 12/25/36<sup>(a)</sup><br>|  | 2259 | &nbsp;&nbsp; 455937 |
| &nbsp;&nbsp;&nbsp; Series 2006-7CB, Class 2A1, 6.50%, 05/25/36 |  | 1304 | &nbsp;&nbsp; 513382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-J7, Class 2A1, (1-mo. SOFR US + <br> 1.61%), 2.70%, 11/20/46<sup>(a)</sup><br>|  | 2263 | &nbsp;&nbsp; 2117245 |
| &nbsp;&nbsp;&nbsp; Series 2006-J8, Class A5, 6.00%, 02/25/37 |  | 1731 | &nbsp;&nbsp; 636264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-OA14, Class 3A1, (12-mo. MTA + <br> 0.85%), 4.71%, 11/25/46<sup>(a)</sup><br>|  | 3377 | &nbsp;&nbsp; 3109435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-OA16, Class A2, (1 mo. Term SOFR + <br> 0.49%), 4.17%, 10/25/46<sup>(a)</sup><br>|  | 2210 | &nbsp;&nbsp; 2099404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-OA18, Class A1, (1 mo. Term SOFR + <br> 0.35%), 4.03%, 12/25/46<sup>(a)</sup><br>|  | 1169 | &nbsp;&nbsp; 1069026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-OA6, Class 1A1A, (1 mo. Term SOFR + <br> 0.53%), 4.21%, 07/25/46<sup>(a)</sup><br>|  | 2523 | &nbsp;&nbsp; 2345512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-OA8, Class 1A1, (1 mo. Term SOFR + <br> 0.49%), 4.17%, 07/25/46<sup>(a)</sup><br>|  | 916 | &nbsp;&nbsp; 844570 |
| &nbsp;&nbsp;&nbsp; Series 2007-12T1, Class A22, 5.75%, 06/25/37 |  | 3205 | &nbsp;&nbsp; 1338969 |
| &nbsp;&nbsp;&nbsp; Series 2007-12T1, Class A5, 6.00%, 06/25/37 |  | 1555 | &nbsp;&nbsp; 677988 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Collateralized Mortgage Obligations (continued)** | **Collateralized Mortgage Obligations (continued)** | **Collateralized Mortgage Obligations (continued)** | **Collateralized Mortgage Obligations (continued)** |
| Alternative Loan Trust (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-19, Class 1A1, 6.00%, 08/25/37 | USD | 528 | &nbsp;&nbsp; $236711 |
| &nbsp;&nbsp;&nbsp; Series 2007-22, Class 2A16, 6.50%, 09/25/37 |  | 6833 | &nbsp;&nbsp; 2497142 |
| &nbsp;&nbsp;&nbsp; Series 2007-23CB, Class A1, 6.00%, 09/25/37 |  | 3768 | &nbsp;&nbsp; 1675006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-4CB, Class 1A3, (1 mo. Term SOFR + <br> 0.46%), 4.14%, 04/25/37<sup>(a)</sup><br>|  | 1236 | &nbsp;&nbsp; 920378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-OA2, Class 1A1, (12-mo. MTA + 0.84%), <br> 4.70%, 03/25/47<sup>(a)</sup><br>|  | 1195 | &nbsp;&nbsp; 1090518 |
| Angel Oak Mortgage Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-10, Class A1, 5.35%, 10/25/69 |  | 1359 | &nbsp;&nbsp; 1360354 |
| &nbsp;&nbsp;&nbsp; Series 2025-11, Class A1, 4.98%, 10/25/70<sup>(a)</sup> |  | 595 | &nbsp;&nbsp; 592595 |
| &nbsp;&nbsp;&nbsp; Series 2025-7, Class A1, 5.51%, 06/25/70 |  | 1354 | &nbsp;&nbsp; 1358093 |
| Bravo Residential Funding Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-NQM1, Class A1, 0.94%, 02/25/49<sup>(a)</sup> |  | 315 | &nbsp;&nbsp; 298622 |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM3, Class A1, 4.85%, 09/25/62 |  | 296 | &nbsp;&nbsp; 295427 |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM4, Class A1, 6.44%, 05/25/63 |  | 753 | &nbsp;&nbsp; 752280 |
| &nbsp;&nbsp;&nbsp; Chase Home Lending Mortgage Trust, Series 2019-<br> ATR1, Class A12, 6.50%, 04/25/49<sup>(a)(b)</sup><br>|  | 290 | &nbsp;&nbsp; 291756 |
| CHL Mortgage Pass-Through Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-OA5, Class 3A1, (1 mo. Term SOFR + <br> 0.51%), 4.19%, 04/25/46<sup>(a)</sup><br>|  | 3082 | &nbsp;&nbsp; 2842565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-J2, Class 2A1, (1 mo. Term SOFR + <br> 0.76%), 4.44%, 07/25/37<sup>(a)</sup><br>|  | 2594 | &nbsp;&nbsp; 615869 |
| &nbsp;&nbsp;&nbsp; Series 2007-J2, Class 2A8, 6.00%, 07/25/37 |  | 1433 | &nbsp;&nbsp; 452492 |
| CIM Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-I1, Class A1, 6.03%, 04/25/58 |  | 813 | &nbsp;&nbsp; 810459 |
| &nbsp;&nbsp;&nbsp; Series 2023-I2, Class A1, 6.64%, 12/25/67 |  | 777 | &nbsp;&nbsp; 777849 |
| &nbsp;&nbsp;&nbsp; Citigroup Mortgage Loan Trust, Series 2006-AR7, <br> Class 2A3A, 4.58%, 11/25/36<sup>(a)</sup><br>|  | 282 | &nbsp;&nbsp; 272292 |
| COLT Mortgage Loan Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-2, Class A1, 6.60%, 07/25/68 |  | 667 | &nbsp;&nbsp; 667317 |
| &nbsp;&nbsp;&nbsp; Series 2024-6, Class A1, 5.39%, 11/25/69 |  | 951 | &nbsp;&nbsp; 952695 |
| &nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, 5.54%, 12/26/69 |  | 1114 | &nbsp;&nbsp; 1117076 |
| &nbsp;&nbsp;&nbsp; Series 2024-INV4, Class A1, 5.61%, 05/25/69 |  | 1004 | &nbsp;&nbsp; 1008710 |
| &nbsp;&nbsp;&nbsp; Series 2025-6, Class A1, 5.53%, 08/25/70 |  | 1636 | &nbsp;&nbsp; 1642732 |
| CSMC<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2011-4R, Class 1A2, (1 mo. Term SOFR + <br> 1.61%), 5.29%, 09/27/37<br>|  | 638 | &nbsp;&nbsp; 536971 |
| &nbsp;&nbsp;&nbsp; Series 2021-NQM2, Class M1, 2.28%, 02/25/66 |  | 1500 | &nbsp;&nbsp; 1155773 |
| &nbsp;&nbsp;&nbsp; CSMC Trust, Series 2022-NQM5, Class A1, 5.17%, <br> 05/25/67<sup>(a)(b)</sup><br>|  | 2143 | &nbsp;&nbsp; 2139066 |
| Deephaven Residential Mortgage Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-INV1, Class A1, 5.09%, 11/25/60 |  | 1233 | &nbsp;&nbsp; 1229544 |
| &nbsp;&nbsp;&nbsp; Series 2025-INV1, Class M1, 5.73%, 11/25/60 |  | 1500 | &nbsp;&nbsp; 1477399 |
| Ellington Financial Mortgage Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class M1, 5.24%, 05/25/65 |  | 500 | &nbsp;&nbsp; 494469 |
| &nbsp;&nbsp;&nbsp; Series 2021-2, Class A1, 0.93%, 06/25/66 |  | 155 | &nbsp;&nbsp; 131607 |
| &nbsp;&nbsp;&nbsp; Flagstar Mortgage Trust, Series 2021-4, Class A1, <br> 2.50%, 06/01/51<sup>(a)(b)</sup><br>|  | 1829 | &nbsp;&nbsp; 1525667 |
| GCAT Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM3, Class A1, 4.35%, 04/25/67 |  | 799 | &nbsp;&nbsp; 796318 |
| &nbsp;&nbsp;&nbsp; Series 2024-INV4, Class A2, 5.50%, 12/25/54 |  | 752 | &nbsp;&nbsp; 750847 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM6, Class A1, 4.94%, 10/25/70 |  | 415 | &nbsp;&nbsp; 411866 |
| GS Mortgage-Backed Securities Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-DSC2, Class M1, 5.79%, 01/25/66<sup>(a)</sup> |  | 1500 | &nbsp;&nbsp; 1486054 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 5.01%, 07/25/65 |  | 329 | &nbsp;&nbsp; 327740 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class M1, 5.75%, 07/25/65<sup>(a)</sup> |  | 1500 | &nbsp;&nbsp; 1484029 |
| Homes Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM2, Class A1, 5.72%, 10/25/69 |  | 450 | &nbsp;&nbsp; 452280 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM3, Class A1, 5.63%, 02/25/70<sup>(a)</sup> |  | 1084 | &nbsp;&nbsp; 1089837 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class M1, 5.80%, 09/25/70<sup>(a)</sup> |  | 731 | &nbsp;&nbsp; 725189 |
| JP Morgan Mortgage Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-DSC1, Class A1, 4.75%, 01/25/63 |  | 386 | &nbsp;&nbsp; 379515 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Collateralized Mortgage Obligations (continued)** | **Collateralized Mortgage Obligations (continued)** | **Collateralized Mortgage Obligations (continued)** | **Collateralized Mortgage Obligations (continued)** |
| JP Morgan Mortgage Trust<sup>(a)(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-DSC1, Class A1, 4.63%, 07/25/63 | USD | 251 | &nbsp;&nbsp; $244151 |
| &nbsp;&nbsp;&nbsp; Series 2024-INV1, Class A3, 5.50%, 04/25/55 |  | 1306 | &nbsp;&nbsp; 1301340 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM4, Class A1, 4.95%, 03/25/66 |  | 2231 | &nbsp;&nbsp; 2221296 |
| &nbsp;&nbsp;&nbsp; Series 2025-VIS3, Class A1, 5.06%, 02/25/66 |  | 1917 | &nbsp;&nbsp; 1908020 |
| MFA Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-NQM1, Class M1, 2.31%, 04/25/65<sup>(a)</sup> |  | 2000 | &nbsp;&nbsp; 1772109 |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM3, Class A1, 6.62%, 07/25/68 |  | 985 | &nbsp;&nbsp; 986883 |
| &nbsp;&nbsp;&nbsp; Mill City Mortgage Trust, Series 2023-NQM2, Class A1, <br> 6.24%, 12/25/67<sup>(b)</sup><br>|  | 1121 | &nbsp;&nbsp; 1117403 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Re-REMIC Trust, Series 2010-R5, <br> Class 7B, 4.62%, 05/26/37<sup>(b)</sup><br>|  | 2312 | &nbsp;&nbsp; 2994461 |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM5, Class A1, 5.65%, 10/25/69 |  | 1052 | &nbsp;&nbsp; 1057027 |
| &nbsp;&nbsp;&nbsp; Series 2025-SPL1, Class A1, 4.25%, 02/25/65 |  | 3855 | &nbsp;&nbsp; 3748457 |
| New Residential Mortgage Loan Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 5.11%, 08/25/65 |  | 3532 | &nbsp;&nbsp; 3519504 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class M1, 6.09%, 08/25/65 |  | 1500 | &nbsp;&nbsp; 1488842 |
| &nbsp;&nbsp;&nbsp; Nomura Asset Acceptance Corp. Alternative Loan Trust, <br> Series 2006-AF1, Class 1A2, 6.16%, 05/25/36<sup>(a)</sup><br>|  | 6353 | &nbsp;&nbsp; 1094394 |
| OBX Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM5, Class A1A, 6.57%, 06/25/63 |  | 806 | &nbsp;&nbsp; 806226 |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM6, Class A1, 6.52%, 07/25/63 |  | 782 | &nbsp;&nbsp; 783243 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM17, Class A1, 5.61%, 11/25/64<sup>(a)</sup> |  | 839 | &nbsp;&nbsp; 843030 |
| &nbsp;&nbsp;&nbsp; PMT Loan Trust, Series 2024-INV1, Class A3, 5.50%, <br> 10/25/59<sup>(a)(b)</sup><br>|  | 1547 | &nbsp;&nbsp; 1543028 |
| &nbsp;&nbsp;&nbsp; PRKCM Trust, Series 2023-AFC2, Class A1, 6.48%, <br> 06/25/58<sup>(b)</sup><br>|  | 705 | &nbsp;&nbsp; 703030 |
| &nbsp;&nbsp;&nbsp; Provident Funding Mortgage Trust, Series 2024-1, <br> Class A1, 5.50%, 12/25/54<sup>(a)(b)</sup><br>|  | 1176 | &nbsp;&nbsp; 1169905 |
| &nbsp;&nbsp;&nbsp; Radian Mortgage Capital Trust, Series 2024-J2, <br> Class A4, 5.50%, 03/25/55<sup>(a)(b)</sup><br>|  | 428 | &nbsp;&nbsp; 427871 |
| &nbsp;&nbsp;&nbsp; Residential Asset Securitization Trust, Series 2006-A8, <br> Class 2A5, (1 mo. Term SOFR + 0.71%), 4.39%, <br> 08/25/36<sup>(a)</sup><br>|  | 6302 | &nbsp;&nbsp; 1105784 |
| &nbsp;&nbsp;&nbsp; Sequoia Mortgage Trust, Series 2024-INV1, Class A3, <br> 5.50%, 10/25/54<sup>(a)(b)</sup><br>|  | 660 | &nbsp;&nbsp; 657428 |
| &nbsp;&nbsp;&nbsp; Spruce Hill Mortgage Loan Trust, Series 2022-SH1, <br> Class A1A, 4.10%, 07/25/57<sup>(b)</sup><br>|  | 529 | &nbsp;&nbsp; 523709 |
| &nbsp;&nbsp;&nbsp; STAR Trust, Series 2021-1, Class M1, 2.36%, <br> 05/25/65<sup>(a)(b)</sup><br>|  | 1750 | &nbsp;&nbsp; 1570475 |
| &nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2020-3, <br> Class M1, 3.54%, 04/25/65<sup>(a)(b)</sup><br>|  | 1057 | &nbsp;&nbsp; 952668 |
| &nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust, Series 2017-4, Class A1, <br> 2.75%, 06/25/57<sup>(a)(b)</sup><br>|  | 11 | &nbsp;&nbsp; 10736 |
| Verus Securitization Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-3, Class A1, 5.13%, 02/25/67 |  | 359 | &nbsp;&nbsp; 342985 |
| &nbsp;&nbsp;&nbsp; Series 2023-5, Class A1, 6.48%, 06/25/68 |  | 583 | &nbsp;&nbsp; 583239 |
| &nbsp;&nbsp;&nbsp; Series 2024-8, Class A1, 5.36%, 10/25/69<sup>(a)</sup> |  | 1271 | &nbsp;&nbsp; 1272625 |
| &nbsp;&nbsp;&nbsp; Series 2024-R1, Class A1, 5.22%, 09/25/69<sup>(a)</sup> |  | 1375 | &nbsp;&nbsp; 1378448 |
| &nbsp;&nbsp;&nbsp; Series 2025-11, Class M1, 5.66%, 11/25/70<sup>(a)</sup> |  | 900 | &nbsp;&nbsp; 889464 |
| Visio Trust, Series 2023-2, Class A1, 6.60%, 10/25/58<sup>(b)</sup> |  | 1094 | &nbsp;&nbsp; 1095868 |
|  |  |  | &nbsp;&nbsp; 96803258 |
| **Commercial Mortgage-Backed Securities — 4.2%** | **Commercial Mortgage-Backed Securities — 4.2%** | **Commercial Mortgage-Backed Securities — 4.2%** | **Commercial Mortgage-Backed Securities — 4.2%** |
| Bank, Series 2025-5YR17, Class B, 5.99%, 11/15/58<sup>(a)</sup> |  | 409 | &nbsp;&nbsp; 418104 |
| &nbsp;&nbsp;&nbsp; Bayview Commercial Asset Trust, Series 2007-2A, <br> Class A1, (1 mo. Term SOFR + 0.52%), 4.20%, <br> 07/25/37<sup>(a)(b)</sup><br>|  | 866 | &nbsp;&nbsp; 813107 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; BBCMS Mortgage Trust, Series 2025-C35, Class C, <br> 6.11%, 07/15/58<sup>(a)</sup><br>| USD | 643 | &nbsp;&nbsp; $643762 |
| BFLD Commercial Mortgage Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-UNIV, Class D, (1 mo. Term SOFR + <br> 2.69%), 6.36%, 11/15/41<br>|  | 630 | &nbsp;&nbsp; 630197 |
| &nbsp;&nbsp;&nbsp; Series 2025-5MW, Class D, 6.37%, 10/10/42 |  | 968 | &nbsp;&nbsp; 980673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-660F, Class D, (1 mo. Term SOFR + <br> 2.75%), 6.42%, 11/15/42<br>|  | 226 | &nbsp;&nbsp; 225435 |
| &nbsp;&nbsp;&nbsp; BHMS Commercial Mortgage Trust, Series 2025-ATLS, <br> Class A, (1 mo. Term SOFR + 1.85%), 5.52%, <br> 08/15/42<sup>(a)(b)</sup><br>|  | 435 | &nbsp;&nbsp; 435279 |
| &nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, Series 2024-INDS, <br> Class D, (1 mo. Term SOFR + 2.59%), 6.26%, <br> 03/15/41<sup>(a)(b)</sup><br>|  | 343 | &nbsp;&nbsp; 341805 |
| &nbsp;&nbsp;&nbsp; BMO Mortgage Trust, Series 2025-C13, Class A5, <br> 5.35%, 10/15/58<br>|  | 1972 | &nbsp;&nbsp; 2006028 |
| BPR Commercial Mortgage Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-PARK, Class D, 6.53%, 11/05/39 |  | 200 | &nbsp;&nbsp; 206765 |
| &nbsp;&nbsp;&nbsp; Series 2025-STAR, Class B, 5.02%, 11/05/42 |  | 420 | &nbsp;&nbsp; 417291 |
| BRCK Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-830B, Class E, 6.78%, 12/10/42 |  | 135 | &nbsp;&nbsp; 137767 |
| &nbsp;&nbsp;&nbsp; Series 2025-830B, Class F, 7.59%, 12/10/42 |  | 120 | &nbsp;&nbsp; 123106 |
| &nbsp;&nbsp;&nbsp; BSTN Commercial Mortgage Trust, Series 2025-HUB, <br> Class A, 4.57%, 04/13/41<sup>(a)(b)</sup><br>|  | 265 | &nbsp;&nbsp; 264659 |
| BX Commercial Mortgage Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-CIP, Class A, (1 mo. Term SOFR + <br> 1.04%), 4.71%, 12/15/38<br>|  | 508 | &nbsp;&nbsp; 507772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-LP2, Class A, (1 mo. Term SOFR + <br> 1.01%), 4.69%, 02/15/39<br>|  | 114 | &nbsp;&nbsp; 113557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-MF, Class C, (1 mo. Term SOFR + <br> 1.94%), 5.61%, 02/15/39<br>|  | 452 | &nbsp;&nbsp; 451441 |
| BX Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-LBA, Class AJV, (1 mo. Term SOFR + <br> 1.16%), 4.84%, 02/15/36<br>|  | 1650 | &nbsp;&nbsp; 1648969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-BIO, Class C, (1 mo. Term SOFR + <br> 2.64%), 6.31%, 02/15/41<br>|  | 240 | &nbsp;&nbsp; 237675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CNYN, Class C, (1 mo. Term SOFR + <br> 1.94%), 5.61%, 04/15/41<br>|  | 570 | &nbsp;&nbsp; 570013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-OMG, Class A, (1 mo. Term SOFR + <br> 1.35%), 5.02%, 10/15/42<br>|  | 418 | &nbsp;&nbsp; 416955 |
| &nbsp;&nbsp;&nbsp; Century Plaza Towers, Series 2019-CPT, Class C, <br> 3.00%, 11/13/39<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 224365 |
| CIP Commercial Mortgage Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-SBAY, Class A, (1 mo. Term SOFR + <br> 1.40%), 5.07%, 10/15/37<br>|  | 658 | &nbsp;&nbsp; 657589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-SBAY, Class E, (1 mo. Term SOFR + <br> 3.75%), 7.42%, 10/15/37<br>|  | 375 | &nbsp;&nbsp; 373594 |
| &nbsp;&nbsp;&nbsp; CONE Trust, Series 2024-DFW1, Class D, (1 mo. Term <br> SOFR + 3.04%), 6.71%, 08/15/41<sup>(a)(b)</sup><br>|  | 660 | &nbsp;&nbsp; 653697 |
| &nbsp;&nbsp;&nbsp; CSMC, Series 2021-BHAR, Class C, (1 mo. Term SOFR <br> + 2.11%), 5.79%, 11/15/38<sup>(a)(b)</sup><br>|  | 270 | &nbsp;&nbsp; 266408 |
| CSTL Commercial Mortgage Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2026-GATE3, Class D, 5.52%, 02/10/43 |  | 127 | &nbsp;&nbsp; 124889 |
| &nbsp;&nbsp;&nbsp; Series 2026-GATE3, Class E, 6.34%, 02/10/43 |  | 350 | &nbsp;&nbsp; 345711 |
| &nbsp;&nbsp;&nbsp; DBC Mortgage Trust, Series 2025-DBC, Class C, (1 mo. <br> Term SOFR + 2.05%), 5.72%, 11/15/42<sup>(a)(b)</sup><br>|  | 1628 | &nbsp;&nbsp; 1621898 |
| &nbsp;&nbsp;&nbsp; DC Trust, Series 2024-HLTN, Class C, 7.04%, <br> 04/13/40<sup>(a)(b)</sup><br>|  | 220 | &nbsp;&nbsp; 218335 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** |
| DK Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-LXP, Class B, (1 mo. Term SOFR + <br> 1.84%), 5.52%, 08/15/37<br>| USD | 188 | &nbsp;&nbsp; $188000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-LXP, Class C, (1 mo. Term SOFR + <br> 2.24%), 5.92%, 08/15/37<br>|  | 202 | &nbsp;&nbsp; 202000 |
| &nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, <br> Class B, (1 mo. Term SOFR + 1.60%), 5.27%, <br> 10/15/42<sup>(a)(b)</sup><br>|  | 1750 | &nbsp;&nbsp; 1752187 |
| FS Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-ORL, Class B, (1 mo. Term SOFR + <br> 1.55%), 5.22%, 02/15/41<br>|  | 501 | &nbsp;&nbsp; 500061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-ORL, Class E, (1 mo. Term SOFR + <br> 3.25%), 6.92%, 02/15/41<br>|  | 225 | &nbsp;&nbsp; 224632 |
| GS Mortgage Securities Corp. Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-FUN, Class B, (1 mo. Term SOFR + <br> 2.79%), 6.46%, 03/15/28<br>|  | 550 | &nbsp;&nbsp; 551719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-800D, Class A, (1 mo. Term SOFR + <br> 2.65%), 6.33%, 11/25/41<br>|  | 483 | &nbsp;&nbsp; 482491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-800D, Class B, (1 mo. Term SOFR + <br> 3.45%), 7.13%, 11/25/41<br>|  | 500 | &nbsp;&nbsp; 498808 |
| &nbsp;&nbsp;&nbsp; JP Morgan Chase Commercial Mortgage Securities <br> Trust, Series 2016-NINE, Class B, 2.85%, <br> 09/06/38<sup>(a)(b)</sup><br>|  | 275 | &nbsp;&nbsp; 272607 |
| &nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust, Series 2024-MRCO, <br> Class C, (1 mo. Term SOFR + 2.39%), 6.06%, <br> 06/15/39<sup>(a)(b)</sup><br>|  | 800 | &nbsp;&nbsp; 800000 |
| LEX Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-450, Class B, (1 mo. Term SOFR + <br> 1.70%), 5.37%, 03/15/43<br>|  | 900 | &nbsp;&nbsp; 893805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-450, Class E, (1 mo. Term SOFR + <br> 3.70%), 7.37%, 03/15/43<br>|  | 105 | &nbsp;&nbsp; 103980 |
| &nbsp;&nbsp;&nbsp; LQR Trust, Series 2025-CALI, Class E, (1 mo. Term <br> SOFR + 3.95%), 7.62%, 01/15/43<sup>(a)</sup><br>|  | 437 | &nbsp;&nbsp; 436995 |
| MAIN Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-OLAS, Class E, (1 mo. Term SOFR + <br> 4.25%), 7.92%, 01/15/41<br>|  | 195 | &nbsp;&nbsp; 194998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-OLAS, Class F, (1 mo. Term SOFR + <br> 5.25%), 8.92%, 01/15/41<br>|  | 235 | &nbsp;&nbsp; 234997 |
| &nbsp;&nbsp;&nbsp; MCR Mortgage Trust, Series 2024-TWA, Class E, <br> 8.73%, 06/12/39<sup>(b)</sup><br>|  | 790 | &nbsp;&nbsp; 792383 |
| &nbsp;&nbsp;&nbsp; MF1 Trust, Series 2021-W10, Class A, (1 mo. Term <br> SOFR + 1.07%), 4.74%, 12/15/34<sup>(a)(b)</sup><br>|  | 520 | &nbsp;&nbsp; 517837 |
| &nbsp;&nbsp;&nbsp; MIC Trust, Series 2023-MIC, Class B, 9.53%, <br> 12/05/38<sup>(a)(b)</sup><br>|  | 233 | &nbsp;&nbsp; 249058 |
| &nbsp;&nbsp;&nbsp; MLTI Trust, Series 2026-SF75, Class E, (1 mo. Term <br> SOFR + 3.25%), 6.92%, 03/15/31<sup>(a)(b)</sup><br>|  | 150 | &nbsp;&nbsp; 149159 |
| &nbsp;&nbsp;&nbsp; MTN Commercial Mortgage Trust, Series 2022-LPFL, <br> Class A, (1 mo. Term SOFR + 1.40%), 5.08%, <br> 03/15/39<sup>(a)(b)</sup><br>|  | 409 | &nbsp;&nbsp; 408744 |
| &nbsp;&nbsp;&nbsp; NCMF Trust, Series 2025-MFS, Class E, 7.53%, <br> 06/10/33<sup>(a)(b)</sup><br>|  | 445 | &nbsp;&nbsp; 447422 |
| &nbsp;&nbsp;&nbsp; NRTH Commercial Mortgage Trust, Series 2025-PARK, <br> Class B, (1 mo. Term SOFR + 1.64%), 5.32%, <br> 10/15/40<sup>(a)(b)</sup><br>|  | 234 | &nbsp;&nbsp; 233561 |
| &nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-11X, <br> Class A, (1 mo. Term SOFR + 1.74%), 5.42%, <br> 10/15/40<sup>(a)(b)</sup><br>|  | 490 | &nbsp;&nbsp; 490153 |
| &nbsp;&nbsp;&nbsp; SELF Commercial Mortgage Trust, Series 2024-STRG, <br> Class D, (1 mo. Term SOFR + 2.94%), 6.61%, <br> 11/15/34<sup>(a)(b)</sup><br>|  | 189 | &nbsp;&nbsp; 188764 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** |
| SLG Office Trust<sup>(a)(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2026-OMA, Class E, 04/15/41 | USD | 145 | &nbsp;&nbsp; $145283 |
| &nbsp;&nbsp;&nbsp; Series 2026-OMA, Class F, 04/15/41 |  | 230 | &nbsp;&nbsp; 230437 |
| &nbsp;&nbsp;&nbsp; VEGAS, Series 2024-GCS, Class D, 6.22%, <br> 07/10/36<sup>(a)(b)</sup><br>|  | 572 | &nbsp;&nbsp; 569098 |
| &nbsp;&nbsp;&nbsp; Velocity Commercial Capital Loan Trust, Series 2026-1, <br> Class A, 5.10%, 02/25/56<sup>(a)(b)</sup><br>|  | 400 | &nbsp;&nbsp; 394284 |
| &nbsp;&nbsp;&nbsp; VRTX Trust, Series 2025-HQ, Class B, 5.49%, <br> 08/05/42<sup>(a)(b)</sup><br>|  | 620 | &nbsp;&nbsp; 616563 |
| &nbsp;&nbsp;&nbsp; VTR Commercial Mortgage Trust, Series 2025-STEM, <br> Class D, 6.06%, 10/13/39<sup>(a)(b)</sup><br>|  | 381 | &nbsp;&nbsp; 375623 |
| Wells Fargo Commercial Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-LC25, Class A4, 3.64%, 12/15/59 |  | 1600 | &nbsp;&nbsp; 1592160 |
| &nbsp;&nbsp;&nbsp; Series 2024-BPRC, Class D, 7.08%, 07/15/43<sup>(b)</sup> |  | 250 | &nbsp;&nbsp; 250061 |
| &nbsp;&nbsp;&nbsp; Series 2025-C65, Class A5, 5.29%, 10/15/58 |  | 1315 | &nbsp;&nbsp; 1332997 |
|  |  |  | &nbsp;&nbsp; 32397713 |
| **Total Non-Agency Mortgage-Backed Securities — 16.9%** <br>**(Cost: $144,901,557)** | **Total Non-Agency Mortgage-Backed Securities — 16.9%** <br>**(Cost: $144,901,557)** | **Total Non-Agency Mortgage-Backed Securities — 16.9%** <br>**(Cost: $144,901,557)** | &nbsp;&nbsp; 129200971 |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Capital Trusts — 6.6%**<sup>(a)</sup> | **Capital Trusts — 6.6%**<sup>(a)</sup> | **Capital Trusts — 6.6%**<sup>(a)</sup> | **Capital Trusts — 6.6%**<sup>(a)</sup> |
| **Banks — 1.0%** | **Banks — 1.0%** | **Banks — 1.0%** |  |
| Bank of Montreal, 7.70%, 05/26/84<sup>(d)</sup> |  | 3000 | &nbsp;&nbsp; 3080865 |
| Nordea Bank Abp, 3.75%<sup>(b)(i)</sup> |  | 560 | &nbsp;&nbsp; 519243 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc., Series W, <br> 6.25%<sup>(d)(i)</sup><br>|  | 4156 | &nbsp;&nbsp; 4192464 |
|  |  |  | &nbsp;&nbsp; 7792572 |
| **Building Materials — 0.0%** | **Building Materials — 0.0%** | **Building Materials — 0.0%** |  |
| Cemex SAB de C.V., 7.20%<sup>(b)(i)</sup> |  | 200 | &nbsp;&nbsp; 203024 |
| **Capital Markets — 0.5%** | **Capital Markets — 0.5%** | **Capital Markets — 0.5%** |  |
| Bank of New York Mellon Corp., Series I, 3.75%<sup>(d)(i)</sup> |  | 2845 | &nbsp;&nbsp; 2781094 |
| State Street Corp., 4.94%, 06/01/77 |  | 624 | &nbsp;&nbsp; 541577 |
|  |  |  | &nbsp;&nbsp; 3322671 |
| **Diversified Telecommunication Services**<sup>(f)</sup> **— 0.0%** | **Diversified Telecommunication Services**<sup>(f)</sup> **— 0.0%** | **Diversified Telecommunication Services**<sup>(f)</sup> **— 0.0%** |  |
| British Telecommunications PLC, 8.38%, 12/20/83 | GBP | 100 | &nbsp;&nbsp; 138876 |
| Telefonica Europe BV, 6.14%<sup>(i)</sup> | EUR | 100 | &nbsp;&nbsp; 120047 |
|  |  |  | &nbsp;&nbsp; 258923 |
| **Electric Utilities — 0.8%** | **Electric Utilities — 0.8%** | **Electric Utilities — 0.8%** |  |
| Electricite de France SA, 3.00%<sup>(f)(i)</sup> |  | 200 | &nbsp;&nbsp; 227413 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., 5.65%, <br> 05/01/79<sup>(d)</sup><br>| USD | 4500 | &nbsp;&nbsp; 4492910 |
| PG&E Corp., 7.38%, 03/15/55 |  | 1424 | &nbsp;&nbsp; 1433134 |
|  |  |  | &nbsp;&nbsp; 6153457 |
| **Financial Services — 3.7%** | **Financial Services — 3.7%** | **Financial Services — 3.7%** |  |
| Bank of America Corp., Series OO, 6.63%<sup>(d)(i)</sup> |  | 3635 | &nbsp;&nbsp; 3726766 |
| Barclays PLC<sup>(i)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38% |  | 2835 | &nbsp;&nbsp; 2688164 |
| &nbsp;&nbsp;&nbsp; 8.00% |  | 200 | &nbsp;&nbsp; 206952 |
| &nbsp;&nbsp;&nbsp; 9.63% |  | 1105 | &nbsp;&nbsp; 1205284 |
| Citigroup, Inc., Series BB, 7.20%<sup>(i)</sup> |  | 2500 | &nbsp;&nbsp; 2547667 |
| Credit Agricole SA, 6.70%<sup>(b)(i)</sup> |  | 3000 | &nbsp;&nbsp; 2954452 |
| Goldman Sachs Group, Inc., Series W, 7.50%<sup>(i)</sup> |  | 2500 | &nbsp;&nbsp; 2609922 |
| HSBC Holdings PLC<sup>(i)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.70% |  | 465 | &nbsp;&nbsp; 423563 |
| &nbsp;&nbsp;&nbsp; 6.00%<sup>(d)</sup> |  | 230 | &nbsp;&nbsp; 228944 |
| JPMorgan Chase & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; Series II, 6.44%<sup>(d)(i)</sup> |  | 4000 | &nbsp;&nbsp; 4005048 |
| &nbsp;&nbsp;&nbsp; Series U, 4.88%, 01/15/87 |  | 358 | &nbsp;&nbsp; 329091 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |  |
| Lloyds Banking Group PLC, 6.75%<sup>(i)</sup> | USD | 515 | &nbsp;&nbsp; $517181 |
| NatWest Group PLC, 8.13%<sup>(i)</sup> |  | 595 | &nbsp;&nbsp; 644104 |
| UBS Group AG<sup>(b)(i)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series NC10, 9.25%<sup>(d)</sup> |  | 5300 | &nbsp;&nbsp; 5969067 |
| &nbsp;&nbsp;&nbsp; Series NC5, 9.25% |  | 200 | &nbsp;&nbsp; 213165 |
|  |  |  | &nbsp;&nbsp; 28269370 |
| **Independent Power and Renewable Electricity Producers**<sup>(b)(i)</sup> **— 0.1%** | **Independent Power and Renewable Electricity Producers**<sup>(b)(i)</sup> **— 0.1%** | **Independent Power and Renewable Electricity Producers**<sup>(b)(i)</sup> **— 0.1%** |  |
| NRG Energy, Inc., 10.25% |  | 537 | &nbsp;&nbsp; 579273 |
| Vistra Corp., 7.00% |  | 267 | &nbsp;&nbsp; 267342 |
|  |  |  | &nbsp;&nbsp; 846615 |
| **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** |  |
| CVS Health Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/10/54 |  | 635 | &nbsp;&nbsp; 642965 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/10/55<sup>(d)</sup> |  | 2605 | &nbsp;&nbsp; 2684682 |
|  |  |  | &nbsp;&nbsp; 3327647 |
| **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |  |
| Heimstaden Bostad AB, 2.63%<sup>(f)(i)</sup> | EUR | 100 | &nbsp;&nbsp; 111866 |
|  |  |  | &nbsp;&nbsp; 50286145 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Preferred Stocks — 0.3%**<sup>(g)</sup> | **Preferred Stocks — 0.3%**<sup>(g)</sup> | **Preferred Stocks — 0.3%**<sup>(g)</sup> |
| **Capital Markets — 0.3%** | **Capital Markets — 0.3%** |  |
| Morgan Stanley, Series F, 6.88%<sup>(i)</sup> | 100000 | &nbsp;&nbsp; 2505000 |
| **IT Services**<sup>(e)</sup> **— 0.0%** | **IT Services**<sup>(e)</sup> **— 0.0%** |  |
| Veritas Newco |  |  |
| &nbsp;&nbsp;&nbsp; Series G | 842 | &nbsp;&nbsp; 15998 |
| &nbsp;&nbsp;&nbsp; Series G-1 | 582 | &nbsp;&nbsp; 11058 |
|  |  | &nbsp;&nbsp; 27056 |
|  |  | &nbsp;&nbsp; 2532056 |
| **Total Preferred Securities — 6.9%** <br>**(Cost: $52,736,597)** | **Total Preferred Securities — 6.9%** <br>**(Cost: $52,736,597)** | &nbsp;&nbsp; 52818201 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** |
| **Collateralized Mortgage Obligations — 0.7%** | **Collateralized Mortgage Obligations — 0.7%** | **Collateralized Mortgage Obligations — 0.7%** |  |
| Fannie Mae REMICS |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2, Class FG, (30-day Avg SOFR + <br> 1.45%), 5.11%, 02/25/55<sup>(a)</sup><br>| USD | 130 | &nbsp;&nbsp; 131694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-35, Class FJ, (30-day Avg SOFR + <br> 1.60%), 5.26%, 05/25/55<sup>(a)</sup><br>|  | 170 | &nbsp;&nbsp; 171785 |
| &nbsp;&nbsp;&nbsp; Series 2025-74, Class AT, 5.00%, 09/25/55 |  | 3273 | &nbsp;&nbsp; 3248414 |
| &nbsp;&nbsp;&nbsp; Series 5209, Class EQ, 3.00%, 04/25/52 |  | 1340 | &nbsp;&nbsp; 1010615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5471, Class FM, (30-day Avg SOFR + 1.40%), <br> 5.06%, 11/25/54<sup>(a)</sup><br>|  | 485 | &nbsp;&nbsp; 487855 |
| &nbsp;&nbsp;&nbsp; Ginnie Mae, Series 2017-136, Class GB, 3.00%, <br> 03/20/47<br>|  | 423 | &nbsp;&nbsp; 404726 |
|  |  |  | &nbsp;&nbsp; 5455089 |
| **Interest Only Collateralized Mortgage Obligations — 0.5%** | **Interest Only Collateralized Mortgage Obligations — 0.5%** | **Interest Only Collateralized Mortgage Obligations — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; Fannie Mae REMICS, Series 5112, Class KI, 3.50%, <br> 06/25/51<br>|  | 4427 | &nbsp;&nbsp; 814481 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Interest Only Collateralized Mortgage Obligations (continued)** | **Interest Only Collateralized Mortgage Obligations (continued)** | **Interest Only Collateralized Mortgage Obligations (continued)** |  |
| Ginnie Mae |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-151, Class IA, 3.50%, 12/20/49 | USD | 8371 | &nbsp;&nbsp; $1541900 |
| &nbsp;&nbsp;&nbsp; Series 2020-151, Class MI, 2.50%, 10/20/50 |  | 5517 | &nbsp;&nbsp; 802501 |
| &nbsp;&nbsp;&nbsp; Series 2021-175, Class IE, 4.00%, 09/20/47 |  | 4028 | &nbsp;&nbsp; 829899 |
|  |  |  | &nbsp;&nbsp; 3988781 |
| **Mortgage-Backed Securities**<sup>(d)</sup> **— 17.3%** | **Mortgage-Backed Securities**<sup>(d)</sup> **— 17.3%** | **Mortgage-Backed Securities**<sup>(d)</sup> **— 17.3%** |  |
| Freddie Mac Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/01/32 |  | 1668 | &nbsp;&nbsp; 1600420 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/39 |  | 2585 | &nbsp;&nbsp; 2528737 |
| Ginnie Mae Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/20/55 |  | 259 | &nbsp;&nbsp; 265173 |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/20/55 - 11/20/55 |  | 706 | &nbsp;&nbsp; 725340 |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/20/55 |  | 182 | &nbsp;&nbsp; 190643 |
| Uniform Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/01/31 - 09/01/35 |  | 6478 | &nbsp;&nbsp; 6008714 |
| &nbsp;&nbsp;&nbsp; 2.50%, 12/01/31 |  | 463 | &nbsp;&nbsp; 446558 |
| &nbsp;&nbsp;&nbsp; 1.50%, 01/01/36 - 06/01/36 |  | 5482 | &nbsp;&nbsp; 4950860 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/01/42 - 06/01/49 |  | 15148 | &nbsp;&nbsp; 14230182 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/44 - 05/01/53 |  | 9332 | &nbsp;&nbsp; 9131649 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/44 - 11/01/45 |  | 9734 | &nbsp;&nbsp; 9704097 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/52 |  | 23338 | &nbsp;&nbsp; 22349495 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/01/54 |  | 3379 | &nbsp;&nbsp; 3541358 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/01/54 - 04/13/56<sup>(p)</sup> |  | 55897 | &nbsp;&nbsp; 56410255 |
|  |  |  | &nbsp;&nbsp; 132083481 |
| **Total U.S. Government Sponsored Agency Securities — 18.5%** <br>**(Cost: $140,801,183)** | **Total U.S. Government Sponsored Agency Securities — 18.5%** <br>**(Cost: $140,801,183)** | **Total U.S. Government Sponsored Agency Securities — 18.5%** <br>**(Cost: $140,801,183)** | &nbsp;&nbsp; 141527351 |
| **Total Long-Term Investments — 149.3%** <br>**(Cost: $1,169,896,716)** | **Total Long-Term Investments — 149.3%** <br>**(Cost: $1,169,896,716)** | **Total Long-Term Investments — 149.3%** <br>**(Cost: $1,169,896,716)** | &nbsp;&nbsp; 1141296444 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.6%** | **Money Market Funds — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional Shares, <br> 3.55%<sup>(q)(r)</sup><br>| 4437972 | &nbsp;&nbsp; 4437972 |
| **Total Short-Term Securities — 0.6%** <br>**(Cost: $4,437,972)** | **Total Short-Term Securities — 0.6%** <br>**(Cost: $4,437,972)** | &nbsp;&nbsp; 4437972 |
| **Total Investments — 149.9%** <br>**(Cost: $1,174,334,688)** | **Total Investments — 149.9%** <br>**(Cost: $1,174,334,688)** | &nbsp;&nbsp; 1145734416 |
| **Liabilities in Excess of Other Assets — (49.9)%** | **Liabilities in Excess of Other Assets — (49.9)%** | &nbsp;&nbsp; (381438257)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $764296159 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> When-issued security.

<sup>(d)</sup> All or a portion of the security has been pledged as collateral in connection with outstanding reverse repurchase agreements. 

<sup>(e)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(f)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

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

<sup>(h)</sup> Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. 

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(i)</sup> Perpetual security with no stated maturity date.

<sup>(j)</sup> Convertible security.

<sup>(k)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(l)</sup> Zero-coupon bond.

<sup>(m)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(n)</sup> Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. 

<sup>(o)</sup> Rounds to less than 1,000.

<sup>(p)</sup> Represents or includes a TBA transaction.

<sup>(q)</sup> Affiliate of the Fund.

<sup>(r)</sup> Annualized 7-day yield as of period end.

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*12/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*03/31/26*<br>| *Shares* <br>*Held at* <br>*03/31/26*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, T-Fund, Institutional Shares | $5027827 | $—<br> $(589855 )<sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $4437972 | 4437972 | $54960 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

**Reverse Repurchase Agreements** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | &nbsp;&nbsp; *Trade* <br>*Date*<br>| &nbsp;&nbsp; *Maturity* <br>*Date*<sup>(a)</sup> <br>| *Face Value* | &nbsp;&nbsp; *Face Value* <br>*Including* <br>*Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining* <br>*Contractual Maturity* <br>*of the Agreements*<sup>(a)</sup> <br>|
| U.S. Bancorp Investments, Inc.<br> 3.86 %<sup>(b)</sup><br>| 09/24/25 | Open | &nbsp;&nbsp;&nbsp; $3175562 | &nbsp;&nbsp;&nbsp; $3243378 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.86 <br><sup>(b)</sup><br>| 10/01/25 | Open | &nbsp;&nbsp;&nbsp; 3254062 | &nbsp;&nbsp;&nbsp; 3320298 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.86 <br><sup>(b)</sup><br>| 10/01/25 | Open | &nbsp;&nbsp;&nbsp; 2756250 | &nbsp;&nbsp;&nbsp; 2812353 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc.<br> 3.77 <br><sup>(b)</sup><br>| 10/08/25 | Open | &nbsp;&nbsp;&nbsp; 277500 | &nbsp;&nbsp;&nbsp; 282788 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc.<br> 3.77 <br><sup>(b)</sup><br>| 10/08/25 | Open | &nbsp;&nbsp;&nbsp; 601776 | &nbsp;&nbsp;&nbsp; 613244 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc.<br> 3.77 <br><sup>(b)</sup><br>| 10/08/25 | Open | &nbsp;&nbsp;&nbsp; 361463 | &nbsp;&nbsp;&nbsp; 368351 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc.<br> 3.77 <br><sup>(b)</sup><br>| 10/08/25 | Open | &nbsp;&nbsp;&nbsp; 523500 | &nbsp;&nbsp;&nbsp; 533476 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc.<br> 3.77 <br><sup>(b)</sup><br>| 10/08/25 | Open | &nbsp;&nbsp;&nbsp; 577500 | &nbsp;&nbsp;&nbsp; 588505 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc.<br> 3.77 <br><sup>(b)</sup><br>| 10/08/25 | Open | &nbsp;&nbsp;&nbsp; 588875 | &nbsp;&nbsp;&nbsp; 600097 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc.<br> 3.77 <br><sup>(b)</sup><br>| 10/08/25 | Open | &nbsp;&nbsp;&nbsp; 357000 | &nbsp;&nbsp;&nbsp; 363803 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc.<br> 3.77 <br><sup>(b)</sup><br>| 10/08/25 | Open | &nbsp;&nbsp;&nbsp; 545985 | &nbsp;&nbsp;&nbsp; 556390 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.82 <br><sup>(b)</sup><br>| 10/09/25 | Open | &nbsp;&nbsp;&nbsp; 611150 | &nbsp;&nbsp;&nbsp; 622820 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.82 <br><sup>(b)</sup><br>| 10/09/25 | Open | &nbsp;&nbsp;&nbsp; 392500 | &nbsp;&nbsp;&nbsp; 399995 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.83 <br><sup>(b)</sup><br>| 10/09/25 | Open | &nbsp;&nbsp;&nbsp; 499509 | &nbsp;&nbsp;&nbsp; 509064 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.85 <br><sup>(b)</sup><br>| 10/09/25 | Open | &nbsp;&nbsp;&nbsp; 965700 | &nbsp;&nbsp;&nbsp; 984374 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.86 <br><sup>(b)</sup><br>| 10/15/25 | Open | &nbsp;&nbsp;&nbsp; 2487905 | &nbsp;&nbsp;&nbsp; 2534328 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.86 <br><sup>(b)</sup><br>| 10/20/25 | Open | &nbsp;&nbsp;&nbsp; 3674825 | &nbsp;&nbsp;&nbsp; 3741169 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC<br> 3.79 <br><sup>(b)</sup><br>| 10/21/25 | Open | &nbsp;&nbsp;&nbsp; 633463 | &nbsp;&nbsp;&nbsp; 644573 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.80 <br><sup>(b)</sup><br>| 10/22/25 | Open | &nbsp;&nbsp;&nbsp; 400575 | &nbsp;&nbsp;&nbsp; 407602 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.80 <br><sup>(b)</sup><br>| 10/31/25 | Open | &nbsp;&nbsp;&nbsp; 3925000 | &nbsp;&nbsp;&nbsp; 3989637 | Capital Trusts | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.80 <br><sup>(b)</sup><br>| 10/31/25 | Open | &nbsp;&nbsp;&nbsp; 3630456 | &nbsp;&nbsp;&nbsp; 3690243 | Capital Trusts | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.80 <br><sup>(b)</sup><br>| 10/31/25 | Open | &nbsp;&nbsp;&nbsp; 2652962 | &nbsp;&nbsp;&nbsp; 2696652 | Capital Trusts | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.86 <br><sup>(b)</sup><br>| 10/31/25 | Open | &nbsp;&nbsp;&nbsp; 485181 | &nbsp;&nbsp;&nbsp; 493128 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.86 <br><sup>(b)</sup><br>| 11/03/25 | Open | &nbsp;&nbsp;&nbsp; 6696550 | &nbsp;&nbsp;&nbsp; 6806232 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.86 <br><sup>(b)</sup><br>| 11/04/25 | Open | &nbsp;&nbsp;&nbsp; 1170312 | &nbsp;&nbsp;&nbsp; 1189347 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.86 <br><sup>(b)</sup><br>| 11/06/25 | Open | &nbsp;&nbsp;&nbsp; 2820319 | &nbsp;&nbsp;&nbsp; 2865546 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 3.86 <br><sup>(b)</sup><br>| 11/10/25 | Open | &nbsp;&nbsp;&nbsp; 2984284 | &nbsp;&nbsp;&nbsp; 3030779 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.83 <br><sup>(b)</sup><br>| 11/14/25 | Open | &nbsp;&nbsp;&nbsp; 1248320 | &nbsp;&nbsp;&nbsp; 1267055 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.85 <br><sup>(b)</sup><br>| 11/21/25 | Open | &nbsp;&nbsp;&nbsp; 900025 | &nbsp;&nbsp;&nbsp; 912884 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.85 <br><sup>(b)</sup><br>| 11/24/25 | Open | &nbsp;&nbsp;&nbsp; 755849 | &nbsp;&nbsp;&nbsp; 766390 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.85 <br><sup>(b)</sup><br>| 11/24/25 | Open | &nbsp;&nbsp;&nbsp; 381716 | &nbsp;&nbsp;&nbsp; 387040 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.85 <br><sup>(b)</sup><br>| 11/28/25 | Open | &nbsp;&nbsp;&nbsp; 140753 | &nbsp;&nbsp;&nbsp; 140752 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.80 <br><sup>(b)</sup><br>| 12/10/25 | Open | &nbsp;&nbsp;&nbsp; 401363 | &nbsp;&nbsp;&nbsp; 406166 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.80 <br><sup>(b)</sup><br>| 12/11/25 | Open | &nbsp;&nbsp;&nbsp; 409450 | &nbsp;&nbsp;&nbsp; 414304 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 3.85 <br><sup>(b)</sup><br>| 12/11/25 | Open | &nbsp;&nbsp;&nbsp; 225620 | &nbsp;&nbsp;&nbsp; 228330 | Corporate Bonds | Open/Demand |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| U.S. Bancorp Investments, Inc. | 3.86 %<sup>(b)</sup><br>| 12/12/25 | Open | &nbsp;&nbsp;&nbsp; $2160866 | &nbsp;&nbsp;&nbsp; $2186352 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 3.77 <br><sup>(b)</sup><br>| 12/18/25 | Open | &nbsp;&nbsp;&nbsp; 716625 | &nbsp;&nbsp;&nbsp; 724430 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 3.77 <br><sup>(b)</sup><br>| 12/18/25 | Open | &nbsp;&nbsp;&nbsp; 789375 | &nbsp;&nbsp;&nbsp; 797972 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 3.77 <br><sup>(b)</sup><br>| 12/18/25 | Open | &nbsp;&nbsp;&nbsp; 563500 | &nbsp;&nbsp;&nbsp; 569637 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 3.77 <br><sup>(b)</sup><br>| 12/18/25 | Open | &nbsp;&nbsp;&nbsp; 3003750 | &nbsp;&nbsp;&nbsp; 3036464 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 3.77 <br><sup>(b)</sup><br>| 12/18/25 | Open | &nbsp;&nbsp;&nbsp; 596250 | &nbsp;&nbsp;&nbsp; 602744 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.81 <br><sup>(b)</sup><br>| 12/18/25 | Open | &nbsp;&nbsp;&nbsp; 2148750 | &nbsp;&nbsp;&nbsp; 2172401 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.81 <br><sup>(b)</sup><br>| 12/18/25 | Open | &nbsp;&nbsp;&nbsp; 891990 | &nbsp;&nbsp;&nbsp; 901808 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.81 <br><sup>(b)</sup><br>| 12/18/25 | Open | &nbsp;&nbsp;&nbsp; 2988750 | &nbsp;&nbsp;&nbsp; 3021646 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 3.80 <br><sup>(b)</sup><br>| 12/19/25 | Open | &nbsp;&nbsp;&nbsp; 1189112 | &nbsp;&nbsp;&nbsp; 1202041 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 3.77 <br><sup>(b)</sup><br>| 12/31/25 | Open | &nbsp;&nbsp;&nbsp; 1488912 | &nbsp;&nbsp;&nbsp; 1503101 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 3.77 <br><sup>(b)</sup><br>| 01/15/26 | Open | &nbsp;&nbsp;&nbsp; 1484437 | &nbsp;&nbsp;&nbsp; 1496252 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC | 3.60 <br><sup>(b)</sup><br>| 01/21/26 | Open | &nbsp;&nbsp;&nbsp; 243719 | &nbsp;&nbsp;&nbsp; 245425 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 3.79 <br><sup>(b)</sup><br>| 01/23/26 | Open | &nbsp;&nbsp;&nbsp; 1852500 | &nbsp;&nbsp;&nbsp; 1865762 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 3.79 <br><sup>(b)</sup><br>| 01/23/26 | Open | &nbsp;&nbsp;&nbsp; 938750 | &nbsp;&nbsp;&nbsp; 945470 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 3.64 <br><sup>(b)</sup><br>| 01/28/26 | Open | &nbsp;&nbsp;&nbsp; 916000 | &nbsp;&nbsp;&nbsp; 921835 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 3.78 <br><sup>(b)</sup><br>| 01/28/26 | Open | &nbsp;&nbsp;&nbsp; 1474687 | &nbsp;&nbsp;&nbsp; 1484443 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 3.79 <br><sup>(b)</sup><br>| 01/28/26 | Open | &nbsp;&nbsp;&nbsp; 553000 | &nbsp;&nbsp;&nbsp; 556668 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 3.80 <br><sup>(b)</sup><br>| 01/28/26 | Open | &nbsp;&nbsp;&nbsp; 857246 | &nbsp;&nbsp;&nbsp; 862947 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 3.80 <br><sup>(b)</sup><br>| 01/28/26 | Open | &nbsp;&nbsp;&nbsp; 2044125 | &nbsp;&nbsp;&nbsp; 2057718 | Corporate Bonds | Open/Demand |
| Banco Santander SA | 3.75 <br><sup>(b)</sup><br>| 01/29/26 | Open | &nbsp;&nbsp;&nbsp; 307253 | &nbsp;&nbsp;&nbsp; 307253 | Foreign Agency Obligations | Open/Demand |
| Barclays Bank PLC | 3.74 <br><sup>(b)</sup><br>| 01/29/26 | Open | &nbsp;&nbsp;&nbsp; 675000 | &nbsp;&nbsp;&nbsp; 675000 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 3.85 <br><sup>(b)</sup><br>| 01/30/26 | Open | &nbsp;&nbsp;&nbsp; 1522287 | &nbsp;&nbsp;&nbsp; 1532218 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 01/30/26 | Open | &nbsp;&nbsp;&nbsp; 2238750 | &nbsp;&nbsp;&nbsp; 2253431 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 01/30/26 | Open | &nbsp;&nbsp;&nbsp; 2682420 | &nbsp;&nbsp;&nbsp; 2700010 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 01/30/26 | Open | &nbsp;&nbsp;&nbsp; 2578387 | &nbsp;&nbsp;&nbsp; 2595295 | Corporate Bonds | Open/Demand |
| Barclays Capital, Inc. | 3.74 <br><sup>(b)</sup><br>| 02/05/26 | Open | &nbsp;&nbsp;&nbsp; 8844555 | &nbsp;&nbsp;&nbsp; 8895092 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 3.80 <br><sup>(b)</sup><br>| 02/06/26 | Open | &nbsp;&nbsp;&nbsp; 886290 | &nbsp;&nbsp;&nbsp; 891342 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 02/06/26 | Open | &nbsp;&nbsp;&nbsp; 11010 | &nbsp;&nbsp;&nbsp; 11074 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 02/09/26 | Open | &nbsp;&nbsp;&nbsp; 1895040 | &nbsp;&nbsp;&nbsp; 1905403 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 02/09/26 | Open | &nbsp;&nbsp;&nbsp; 2587424 | &nbsp;&nbsp;&nbsp; 2601609 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 02/09/26 | Open | &nbsp;&nbsp;&nbsp; 2191761 | &nbsp;&nbsp;&nbsp; 2203778 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 02/11/26 | Open | &nbsp;&nbsp;&nbsp; 3897355 | &nbsp;&nbsp;&nbsp; 3917831 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 02/11/26 | Open | &nbsp;&nbsp;&nbsp; 2431735 | &nbsp;&nbsp;&nbsp; 2444544 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | &nbsp;&nbsp; (0.75)<br>| 02/12/26 | 04/08/26 | &nbsp;&nbsp;&nbsp; 83938 | &nbsp;&nbsp;&nbsp; 83937 | Corporate Bonds | Up to 30 Days |
| Morgan Stanley & Co. LLC | 0.00 | 02/12/26 | 04/08/26 | &nbsp;&nbsp;&nbsp; 44378 | &nbsp;&nbsp;&nbsp; 44377 | Corporate Bonds | Up to 30 Days |
| Morgan Stanley & Co. LLC | 0.25 | 02/12/26 | 04/08/26 | &nbsp;&nbsp;&nbsp; 194163 | &nbsp;&nbsp;&nbsp; 194227 | Corporate Bonds | Up to 30 Days |
| Morgan Stanley & Co. LLC | 3.00 | 02/12/26 | 04/08/26 | &nbsp;&nbsp;&nbsp; 211041 | &nbsp;&nbsp;&nbsp; 211885 | Corporate Bonds | Up to 30 Days |
| Morgan Stanley & Co. LLC | 3.25 | 02/12/26 | 04/08/26 | &nbsp;&nbsp;&nbsp; 130410 | &nbsp;&nbsp;&nbsp; 130975 | Corporate Bonds | Up to 30 Days |
| Morgan Stanley & Co. LLC | 3.65 | 02/12/26 | 04/08/26 | &nbsp;&nbsp;&nbsp; 358785 | &nbsp;&nbsp;&nbsp; 360531 | Corporate Bonds | Up to 30 Days |
| Morgan Stanley & Co. LLC | 3.75 | 02/12/26 | 04/08/26 | &nbsp;&nbsp;&nbsp; 753025 | &nbsp;&nbsp;&nbsp; 756790 | Corporate Bonds | Up to 30 Days |
| TD Securities (USA) LLC | 3.80 <br><sup>(b)</sup><br>| 02/12/26 | Open | &nbsp;&nbsp;&nbsp; 898931 | &nbsp;&nbsp;&nbsp; 903486 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.80 <br><sup>(b)</sup><br>| 02/13/26 | Open | &nbsp;&nbsp;&nbsp; 1554995 | &nbsp;&nbsp;&nbsp; 1562710 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 02/19/26 | Open | &nbsp;&nbsp;&nbsp; 2587069 | &nbsp;&nbsp;&nbsp; 2598442 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 3.79 <br><sup>(b)</sup><br>| 02/26/26 | Open | &nbsp;&nbsp;&nbsp; 2007159 | &nbsp;&nbsp;&nbsp; 2007159 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 02/26/26 | Open | &nbsp;&nbsp;&nbsp; 2683081 | &nbsp;&nbsp;&nbsp; 2683081 | Corporate Bonds | Open/Demand |
| Banco Santander SA | 3.85 <br><sup>(b)</sup><br>| 03/02/26 | Open | &nbsp;&nbsp;&nbsp; 180428 | &nbsp;&nbsp;&nbsp; 181006 | Foreign Agency Obligations | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 03/02/26 | Open | &nbsp;&nbsp;&nbsp; 3359239 | &nbsp;&nbsp;&nbsp; 3370072 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 03/10/26 | Open | &nbsp;&nbsp;&nbsp; 2506840 | &nbsp;&nbsp;&nbsp; 2512769 | Corporate Bonds | Open/Demand |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 1557644 | &nbsp;&nbsp;&nbsp; 1560915 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 4905452 | &nbsp;&nbsp;&nbsp; 4915753 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 2470602 | &nbsp;&nbsp;&nbsp; 2475791 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 434453 | &nbsp;&nbsp;&nbsp; 435365 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 4097865 | &nbsp;&nbsp;&nbsp; 4106470 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 284452 | &nbsp;&nbsp;&nbsp; 285049 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| Deutsche Bank Securities, Inc. | 3.78<br> % <br>| 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; $6132469 | &nbsp;&nbsp;&nbsp; $6145347 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 2255926 | &nbsp;&nbsp;&nbsp; 2260663 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 8059643 | &nbsp;&nbsp;&nbsp; 8076568 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 4852692 | &nbsp;&nbsp;&nbsp; 4862882 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 5542202 | &nbsp;&nbsp;&nbsp; 5553841 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 939880 | &nbsp;&nbsp;&nbsp; 941854 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 7368462 | &nbsp;&nbsp;&nbsp; 7383936 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 3455267 | &nbsp;&nbsp;&nbsp; 3462524 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 4490037 | &nbsp;&nbsp;&nbsp; 4499466 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 21881366 | &nbsp;&nbsp;&nbsp; 21927317 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 1442930 | &nbsp;&nbsp;&nbsp; 1445960 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 4540925 | &nbsp;&nbsp;&nbsp; 4550461 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 23387723 | &nbsp;&nbsp;&nbsp; 23436837 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 7552158 | &nbsp;&nbsp;&nbsp; 7568018 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 139377 | &nbsp;&nbsp;&nbsp; 139670 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 7558790 | &nbsp;&nbsp;&nbsp; 7574664 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 368125 | &nbsp;&nbsp;&nbsp; 368898 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 184729 | &nbsp;&nbsp;&nbsp; 185116 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 96567 | &nbsp;&nbsp;&nbsp; 96770 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 159889 | &nbsp;&nbsp;&nbsp; 160225 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Deutsche Bank Securities, Inc. | 3.78 | 03/11/26 | 04/13/26 | &nbsp;&nbsp;&nbsp; 170504 | &nbsp;&nbsp;&nbsp; 170862 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Barclays Bank PLC | 3.65 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 132820 | &nbsp;&nbsp;&nbsp; 133089 | Foreign Agency Obligations | Up to 30 Days |
| Barclays Bank PLC | 3.69 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 428450 | &nbsp;&nbsp;&nbsp; 429328 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.70 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 481480 | &nbsp;&nbsp;&nbsp; 482470 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.70 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 217235 | &nbsp;&nbsp;&nbsp; 217682 | Capital Trusts | Up to 30 Days |
| Barclays Bank PLC | 3.70 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 1694400 | &nbsp;&nbsp;&nbsp; 1697883 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 1781075 | &nbsp;&nbsp;&nbsp; 1784776 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 4168994 | &nbsp;&nbsp;&nbsp; 4177656 | Capital Trusts | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 3780000 | &nbsp;&nbsp;&nbsp; 3787854 | Capital Trusts | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 827500 | &nbsp;&nbsp;&nbsp; 829219 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 932500 | &nbsp;&nbsp;&nbsp; 934438 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 463125 | &nbsp;&nbsp;&nbsp; 464087 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 400500 | &nbsp;&nbsp;&nbsp; 401332 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 437500 | &nbsp;&nbsp;&nbsp; 438409 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 514688 | &nbsp;&nbsp;&nbsp; 515757 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 640000 | &nbsp;&nbsp;&nbsp; 641330 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 1044788 | &nbsp;&nbsp;&nbsp; 1046958 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 1464025 | &nbsp;&nbsp;&nbsp; 1467067 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 2005280 | &nbsp;&nbsp;&nbsp; 2009447 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 1486650 | &nbsp;&nbsp;&nbsp; 1489739 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp; 460956 | Corporate Bonds | Up to 30 Days |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| Barclays Bank PLC | 3.74<br> % <br>| 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; $536579 | &nbsp;&nbsp;&nbsp; $537694 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 532508 | &nbsp;&nbsp;&nbsp; 533614 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 3.85 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 3137043 | &nbsp;&nbsp;&nbsp; 3143753 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.00 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 327500 | &nbsp;&nbsp;&nbsp; 328046 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.69 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 350267 | &nbsp;&nbsp;&nbsp; 350985 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.70 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 151710 | &nbsp;&nbsp;&nbsp; 152022 | Capital Trusts | Up to 30 Days |
| Barclays Capital, Inc. | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 532212 | &nbsp;&nbsp;&nbsp; 533318 | Capital Trusts | Up to 30 Days |
| Barclays Capital, Inc. | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 1518450 | &nbsp;&nbsp;&nbsp; 1521605 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 1021250 | &nbsp;&nbsp;&nbsp; 1023372 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.74 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 2413950 | &nbsp;&nbsp;&nbsp; 2418966 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.85 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 2841435 | &nbsp;&nbsp;&nbsp; 2847513 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.85 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 2144677 | &nbsp;&nbsp;&nbsp; 2149264 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.85 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 2057424 | &nbsp;&nbsp;&nbsp; 2061825 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.85 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 2587356 | &nbsp;&nbsp;&nbsp; 2592891 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.90 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 2185986 | &nbsp;&nbsp;&nbsp; 2190723 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.90 | 03/12/26 | 04/09/26 | &nbsp;&nbsp;&nbsp; 2071619 | &nbsp;&nbsp;&nbsp; 2076107 | Corporate Bonds | Up to 30 Days |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 03/12/26 | Open | &nbsp;&nbsp;&nbsp; 969558 | &nbsp;&nbsp;&nbsp; 971637 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 03/13/26 | Open | &nbsp;&nbsp;&nbsp; 1996674 | &nbsp;&nbsp;&nbsp; 2000741 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 03/13/26 | Open | &nbsp;&nbsp;&nbsp; 2194627 | &nbsp;&nbsp;&nbsp; 2199110 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 03/13/26 | Open | &nbsp;&nbsp;&nbsp; 2053642 | &nbsp;&nbsp;&nbsp; 2057837 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 3.83 <br><sup>(b)</sup><br>| 03/16/26 | Open | &nbsp;&nbsp;&nbsp; 214486 | &nbsp;&nbsp;&nbsp; 214851 | Corporate Bonds | Open/Demand |
| J.P. Morgan Securities LLC | 3.55 | 03/20/26 | 05/01/26 | &nbsp;&nbsp;&nbsp; 625695 | &nbsp;&nbsp;&nbsp; 626435 | Corporate Bonds | 31 - 90 Days |
| J.P. Morgan Securities LLC | 3.65 | 03/20/26 | 05/01/26 | &nbsp;&nbsp;&nbsp; 183438 | &nbsp;&nbsp;&nbsp; 183661 | Corporate Bonds | 31 - 90 Days |
| J.P. Morgan Securities LLC | 3.70 | 03/20/26 | 05/01/26 | &nbsp;&nbsp;&nbsp; 564300 | &nbsp;&nbsp;&nbsp; 564996 | Corporate Bonds | 31 - 90 Days |
| J.P. Morgan Securities LLC | 3.75 | 03/20/26 | 05/01/26 | &nbsp;&nbsp;&nbsp; 2182400 | &nbsp;&nbsp;&nbsp; 2185128 | Corporate Bonds | 31 - 90 Days |
| J.P. Morgan Securities LLC | 3.75 | 03/20/26 | 05/01/26 | &nbsp;&nbsp;&nbsp; 466000 | &nbsp;&nbsp;&nbsp; 466582 | Corporate Bonds | 31 - 90 Days |
| J.P. Morgan Securities LLC | 3.75 | 03/20/26 | 05/01/26 | &nbsp;&nbsp;&nbsp; 2205200 | &nbsp;&nbsp;&nbsp; 2207956 | Corporate Bonds | 31 - 90 Days |
| J.P. Morgan Securities LLC | 3.75 | 03/20/26 | 05/01/26 | &nbsp;&nbsp;&nbsp; 2022131 | &nbsp;&nbsp;&nbsp; 2024659 | Capital Trusts | 31 - 90 Days |
| BofA Securities, Inc. | 2.75 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1415080 | &nbsp;&nbsp;&nbsp; 1416377 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 2.90 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1365312 | &nbsp;&nbsp;&nbsp; 1366632 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.20 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 88908 | &nbsp;&nbsp;&nbsp; 89002 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.40 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 718648 | &nbsp;&nbsp;&nbsp; 719462 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.40 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 889305 | &nbsp;&nbsp;&nbsp; 890313 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.40 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1224382 | &nbsp;&nbsp;&nbsp; 1225770 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.45 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 231040 | &nbsp;&nbsp;&nbsp; 231306 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.45 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 924038 | &nbsp;&nbsp;&nbsp; 925100 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.50 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 410250 | &nbsp;&nbsp;&nbsp; 410729 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.53 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 632420 | &nbsp;&nbsp;&nbsp; 633164 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.55 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 2316541 | &nbsp;&nbsp;&nbsp; 2319282 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 203680 | &nbsp;&nbsp;&nbsp; 203924 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 83688 | &nbsp;&nbsp;&nbsp; 83788 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 132175 | &nbsp;&nbsp;&nbsp; 132334 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 345950 | &nbsp;&nbsp;&nbsp; 346365 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1038485 | &nbsp;&nbsp;&nbsp; 1039732 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 704975 | &nbsp;&nbsp;&nbsp; 705821 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 195435 | &nbsp;&nbsp;&nbsp; 195670 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 694035 | &nbsp;&nbsp;&nbsp; 694868 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 875925 | &nbsp;&nbsp;&nbsp; 876976 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 85250 | &nbsp;&nbsp;&nbsp; 85352 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 208478 | &nbsp;&nbsp;&nbsp; 208728 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 391250 | &nbsp;&nbsp;&nbsp; 391719 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1245676 | &nbsp;&nbsp;&nbsp; 1247171 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 585399 | &nbsp;&nbsp;&nbsp; 586102 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 772160 | &nbsp;&nbsp;&nbsp; 773087 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.60 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 248421 | &nbsp;&nbsp;&nbsp; 248719 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.65 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 410091 | &nbsp;&nbsp;&nbsp; 410590 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.65 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 301740 | &nbsp;&nbsp;&nbsp; 302107 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.65 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1088205 | &nbsp;&nbsp;&nbsp; 1089529 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.65 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 273675 | &nbsp;&nbsp;&nbsp; 274008 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.65 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 90131 | &nbsp;&nbsp;&nbsp; 90241 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.65 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 2169937 | &nbsp;&nbsp;&nbsp; 2172578 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.65 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 442643 | &nbsp;&nbsp;&nbsp; 443181 | Corporate Bonds | 31 - 90 Days |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| BofA Securities, Inc. | 3.65<br> % <br>| 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; $465465 | &nbsp;&nbsp;&nbsp; $466031 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.65 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 681196 | &nbsp;&nbsp;&nbsp; 682025 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.65 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 100330 | &nbsp;&nbsp;&nbsp; 100452 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 467399 | &nbsp;&nbsp;&nbsp; 467975 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 31605 | &nbsp;&nbsp;&nbsp; 31644 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1657432 | &nbsp;&nbsp;&nbsp; 1659477 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1130220 | &nbsp;&nbsp;&nbsp; 1131614 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 448140 | &nbsp;&nbsp;&nbsp; 448693 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 64155 | &nbsp;&nbsp;&nbsp; 64234 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1170400 | &nbsp;&nbsp;&nbsp; 1171843 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 373725 | &nbsp;&nbsp;&nbsp; 374186 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 244140 | &nbsp;&nbsp;&nbsp; 244441 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 854563 | &nbsp;&nbsp;&nbsp; 855616 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 197024 | &nbsp;&nbsp;&nbsp; 197267 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1062600 | &nbsp;&nbsp;&nbsp; 1063911 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.70 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 69840 | &nbsp;&nbsp;&nbsp; 69926 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.75 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1385625 | &nbsp;&nbsp;&nbsp; 1387357 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.75 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1241250 | &nbsp;&nbsp;&nbsp; 1242802 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.75 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 767213 | &nbsp;&nbsp;&nbsp; 768172 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.77 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 2962500 | &nbsp;&nbsp;&nbsp; 2966223 | Capital Trusts | 31 - 90 Days |
| BofA Securities, Inc. | 3.77 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 4376250 | &nbsp;&nbsp;&nbsp; 4381749 | Capital Trusts | 31 - 90 Days |
| BofA Securities, Inc. | 3.78 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1101982 | &nbsp;&nbsp;&nbsp; 1103371 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.78 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1892500 | &nbsp;&nbsp;&nbsp; 1894885 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.79 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1877500 | &nbsp;&nbsp;&nbsp; 1879872 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.79 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 990250 | &nbsp;&nbsp;&nbsp; 991501 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.85 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 386033 | &nbsp;&nbsp;&nbsp; 386528 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.85 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 784682 | &nbsp;&nbsp;&nbsp; 785689 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.85 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 2122695 | &nbsp;&nbsp;&nbsp; 2125419 | Corporate Bonds | 31 - 90 Days |
| BofA Securities, Inc. | 3.87 | 03/20/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 2162503 | &nbsp;&nbsp;&nbsp; 2165292 | Corporate Bonds | 31 - 90 Days |
| TD Securities (USA) LLC | 3.90 <br><sup>(b)</sup><br>| 03/20/26 | Open | &nbsp;&nbsp;&nbsp; 3336824 | &nbsp;&nbsp;&nbsp; 3341162 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 03/20/26 | Open | &nbsp;&nbsp;&nbsp; 3710295 | &nbsp;&nbsp;&nbsp; 3715081 | Corporate Bonds | Open/Demand |
| J.P. Morgan Securities LLC | 3.83 | 03/23/26 | 05/01/26 | &nbsp;&nbsp;&nbsp; 225720 | &nbsp;&nbsp;&nbsp; 225936 | Corporate Bonds | 31 - 90 Days |
| U.S. Bancorp Investments, Inc. | 3.87 <br><sup>(b)</sup><br>| 03/25/26 | Open | &nbsp;&nbsp;&nbsp; 513520 | &nbsp;&nbsp;&nbsp; 513907 | Corporate Bonds | Open/Demand |
| BofA Securities, Inc. | 3.60 | 03/30/26 | 06/03/26 | &nbsp;&nbsp;&nbsp; 1513 | &nbsp;&nbsp;&nbsp; 1513 | Corporate Bonds | 31 - 90 Days |
| Nomura Securities International, Inc. | 3.57 <br><sup>(b)</sup><br>| 03/30/26 | Open | &nbsp;&nbsp;&nbsp; 139365 | &nbsp;&nbsp;&nbsp; 139392 | Foreign Agency Obligations | Open/Demand |
| Nomura Securities International, Inc. | 3.60 <br><sup>(b)</sup><br>| 03/30/26 | Open | &nbsp;&nbsp;&nbsp; 165228 | &nbsp;&nbsp;&nbsp; 165261 | Foreign Agency Obligations | Open/Demand |
| Nomura Securities International, Inc. | 3.70 <br><sup>(b)</sup><br>| 03/30/26 | Open | &nbsp;&nbsp;&nbsp; 137475 | &nbsp;&nbsp;&nbsp; 137503 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 3.75 <br><sup>(b)</sup><br>| 03/30/26 | Open | &nbsp;&nbsp;&nbsp; 397098 | &nbsp;&nbsp;&nbsp; 397180 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 03/31/26 | Open | &nbsp;&nbsp;&nbsp; 4994100 | &nbsp;&nbsp;&nbsp; 4994635 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 03/31/26 | Open | &nbsp;&nbsp;&nbsp; 1050175 | &nbsp;&nbsp;&nbsp; 1050288 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 3.86 <br><sup>(b)</sup><br>| 03/31/26 | Open | &nbsp;&nbsp;&nbsp; 3680000 | &nbsp;&nbsp;&nbsp; 3680395 | Corporate Bonds | Open/Demand |
|  |  |  |  | &nbsp;&nbsp;&nbsp; $388721467 | &nbsp;&nbsp;&nbsp; $390567701 |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Certain agreements have no stated maturity and can be terminated by either party at any time.

<sup>(b)</sup> Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand.

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2-Year U.S. Treasury Note | &nbsp;&nbsp; 2852 | &nbsp;&nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp;&nbsp; $591701 | &nbsp;&nbsp;&nbsp;&nbsp; $(3583054)<br>|
| &nbsp;&nbsp;&nbsp; 5-Year U.S. Treasury Note | &nbsp;&nbsp; 344 | &nbsp;&nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp;&nbsp; 37211 | &nbsp;&nbsp;&nbsp;&nbsp; (509452)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (4092506)<br>|
| Short Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Treasury Note | &nbsp;&nbsp; 990 | &nbsp;&nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp;&nbsp; 109875 | &nbsp;&nbsp;&nbsp;&nbsp; 2116959 |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Ultra Long Treasury Note | &nbsp;&nbsp; 365 | &nbsp;&nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp;&nbsp; 41405 | &nbsp;&nbsp;&nbsp;&nbsp; 821560 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**Futures Contracts (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration*<br> *Date*<br>| &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/*<br> *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Short Contracts (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Long Bond | &nbsp;&nbsp; 490 | &nbsp;&nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp;&nbsp; $55676 | &nbsp;&nbsp;&nbsp;&nbsp; $1657770 |
| &nbsp;&nbsp;&nbsp; Ultra U.S. Treasury Bond | &nbsp;&nbsp; 184 | &nbsp;&nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp;&nbsp; 21402 | &nbsp;&nbsp;&nbsp;&nbsp; 680575 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5276864 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $1184358 |

---

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| USD | 165901 | EUR | 141558 | JPMorgan Chase Bank N.A. | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2173 |
| USD | 169947 | EUR | 145011 | JPMorgan Chase Bank N.A. | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2226 |
| USD | 340214 | EUR | 290295 | JPMorgan Chase Bank N.A. | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4455 |
| USD | 361063 | EUR | 308084 | JPMorgan Chase Bank N.A. | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4728 |
| USD | 116469 | EUR | 99354 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1555 |
| USD | 117197 | EUR | 100000 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1536 |
| USD | 117548 | EUR | 100299 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1540 |
| USD | 146498 | EUR | 125000 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1921 |
| USD | 147957 | EUR | 126241 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1945 |
| USD | 158208 | EUR | 134993 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2073 |
| USD | 168973 | EUR | 144179 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2214 |
| USD | 169740 | EUR | 144833 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2224 |
| USD | 180674 | EUR | 154162 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2367 |
| USD | 248708 | EUR | 212212 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3261 |
| USD | 1095178 | EUR | 934475 | Morgan Stanley & Co. International PLC | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14351 |
| USD | 122819 | EUR | 104535 | Societe Generale | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1912 |
| USD | 290508 | EUR | 247812 | State Street Bank and Trust Co. | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3885 |
| USD | 119935 | EUR | 102573 | Toronto-Dominion Bank | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1298 |
| USD | 131251 | EUR | 112250 | Toronto-Dominion Bank | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1420 |
| USD | 313446 | EUR | 268070 | Toronto-Dominion Bank | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3392 |
| USD | 2211353 | GBP | 1665000 | State Street Bank and Trust Co. | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8055 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68531 |
| EUR | 4072 | USD | 4773 | Canadian Imperial Bank of Commerce | 04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (63)<br>|
| USD | 19030689 | EUR | 16507000 | Societe Generale | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (115231)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (115294)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(46763)<br>|

---

**Centrally Cleared Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Paid* <br>*by the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* | &nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Received)*<br>| &nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| CDX.NA.IG.45.V1 | 1.00<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 5355 | &nbsp;&nbsp;&nbsp;&nbsp; $(96802)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(111911)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15109 |

---

**Centrally Cleared Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Fund*<br>| &nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<sup>(b)</sup>  | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<sup>(b)</sup>  | *Value* | &nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| &nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| CDX.NA.HY.46.V1 | 5.00<br> % <br>| Quarterly | 06/20/31<br> B | USD | 8705 | &nbsp;&nbsp;&nbsp; $432127 | &nbsp;&nbsp;&nbsp; $350347 | &nbsp;&nbsp;&nbsp; $81780 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

<sup>(b)</sup> The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**OTC Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligations/Index* | *Financing* <br>*Rate Paid* <br>*by the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | *Termination* <br>*Date*<br>| *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| CMBX.NA.7 | 3.00<br> % <br>| Monthly | Deutsche Bank AG | 01/17/47 | USD | 10006 | $1324107 | $601810 | $722297 |

---

**OTC Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | *Termination* <br>*Date*<br>| *Credit* <br>*Rating*<sup>(a)</sup> <br>| *Notional* <br>*Amount (000)*<sup>(b)</sup>  | *Notional* <br>*Amount (000)*<sup>(b)</sup>  | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| CMA CGM SA | 5.00<br> % <br>| Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 06/20/27 | BB+ | EUR | 38 | $2333 | $2237 | $96 |
| Adler Real Estate AG | 5.00 | Quarterly | Bank of America N.A. | 12/20/27 | N/R | EUR | 9 | 462 | (593)<br>| 1055 |
| Adler Real Estate AG | 5.00 | Quarterly | Barclays Bank PLC | 12/20/27 | N/R | EUR | 5 | 277 | (328)<br>| 605 |
| Adler Real Estate AG | 5.00 | Quarterly | Barclays Bank PLC | 12/20/27 | N/R | EUR | 15 | 780 | (922)<br>| 1702 |
| Adler Real Estate AG | 5.00 | Quarterly | Citibank N.A. | 12/20/27 | N/R | EUR | 5 | 226 | (274)<br>| 500 |
| Adler Real Estate AG | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/27 | N/R | EUR | 9 | 474 | (631)<br>| 1105 |
| Adler Real Estate AG | 5.00 | Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 12/20/27 | N/R | EUR | 7 | 343 | (437)<br>| 780 |
| Altice France SA | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/27 | CCC+ | EUR | 27 | 1359 | 1112 | 247 |
| Altice France SA | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/27 | CCC+ | EUR | 24 | 1208 | 1144 | 64 |
| Altice France SA | 5.00 | Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 12/20/27 | CCC+ | EUR | 12 | 603 | 456 | 147 |
| Virgin Media Finance PLC | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/28 | B- | EUR | 21 | 1270 | 1729 | (459)<br>|
| iTraxx.XO.42.V3 20-35% | 5.00 | Quarterly | BNP Paribas SA | 12/20/29 | CCC | EUR | 45 | 5443 | 5766 | (323)<br>|
| Zegona Finance PLC | 5.00 | Quarterly | BNP Paribas SA | 06/20/30 | BB | EUR | 10 | 1662 | 1509 | 153 |
| Zegona Finance PLC | 5.00 | Quarterly | Deutsche Bank AG | 06/20/30 | BB | EUR | 10 | 1676 | 1195 | 481 |
| Faurecia SE | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | BB- | EUR | 42 | 4026 | 3865 | 161 |
| CMBX.NA.7 | 3.00 | Monthly | Barclays Bank PLC | 01/17/47 | D | USD | 4002 | (529643)<br>| (168523)<br>| (361120)<br>|
| CMBX.NA.7 | 3.00 | Monthly | Barclays Bank PLC | 01/17/47 | D | USD | 2001 | (264821)<br>| (84164)<br>| (180657)<br>|
| CMBX.NA.7 | 3.00 | Monthly | Barclays Bank PLC | 01/17/47 | D | USD | 4002 | (529643)<br>| (83276)<br>| (446367)<br>|
|  |  |  |  |  |  |  |  | $(1301965)<br>| $(320135)<br>| $(981830)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

<sup>(b)</sup> The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

**Fair Value Hierarchy as of Period End (continued)**

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $76475013 | &nbsp;&nbsp;&nbsp;&nbsp; $1090575 | &nbsp;&nbsp;&nbsp;&nbsp; $77565588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 255123 | &nbsp;&nbsp;&nbsp;&nbsp; 54385 | &nbsp;&nbsp;&nbsp;&nbsp; 309508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 679637706 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 679637706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3741104 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3741104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29761299 | &nbsp;&nbsp;&nbsp;&nbsp; 1018885 | &nbsp;&nbsp;&nbsp;&nbsp; 30780184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20887806 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20887806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4828025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4828025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Mortgage-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 129200971 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 129200971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 50286145 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 50286145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; 2505000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27056 | &nbsp;&nbsp;&nbsp;&nbsp; 2532056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Sponsored Agency Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 141527351 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 141527351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 4437972 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4437972 |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 42 |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4259)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4259)<br>|
|  | &nbsp;&nbsp; $6942972 | &nbsp;&nbsp;&nbsp;&nbsp; $1136596326 | &nbsp;&nbsp;&nbsp;&nbsp; $2190901 | &nbsp;&nbsp;&nbsp;&nbsp; $1145730199 |
| Derivative Financial Instruments<sup>(b)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $826282 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $826282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 68531 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 68531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; 5276864 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5276864 |
| &nbsp;&nbsp;&nbsp; Liabilities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (988926)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (988926)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (115294)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (115294)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; (4092506)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4092506)<br>|
|  | &nbsp;&nbsp; $1184358 | &nbsp;&nbsp;&nbsp;&nbsp; $(209407)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $974951 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

<sup>(b)</sup> Derivative financial instruments are swaps, futures contracts and forward foreign currency exchange contracts. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument. 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $390,567,701 are categorized as Level 2 within the fair value hierarchy.

*See notes to financial statements.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| EUR | Euro |
| GBP | British Pound |
| USD | United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| ABS | Asset-Backed Security |
| ARB | Airport Revenue Bonds  |
| BAB | Build America Bond |
| BMO | BMO Capital Markets |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| CLO | Collateralized Loan Obligation |
| CME | Chicago Mercantile Exchange  |
| CMT | Constant Maturity Treasury |
| CVR | Contingent Value Right |
| DAC | Designated Activity Company  |
| DIP | Debtor-In-Possession |
| EURIBOR | Euro Interbank Offered Rate |
| GMTN | Global Medium-Term Note  |
| GO | General Obligation Bonds |
| MTA | Month Treasury Average |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Multi-Sector Income Trust (BIT)** 

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| MTN | Medium-Term Note  |
| PIK | Payment-in-Kind |
| RB | Revenue Bonds |
| REIT | Real Estate Investment Trust |
| REMIC | Real Estate Mortgage Investment Conduit |
| SAB | Special Assessment Bonds |
| SOFR | Secured Overnight Financing Rate |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Multi-Sector Income Trust

- **b. Investment Company Act file number:** 811-22774

- **c. CIK number of Registrant:** 0001562818

- **d. LEI of Registrant:** 549300BOVTR6GS7HLC41

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Multi-Sector Income Trust

- **c. LEI of Series:** 549300BOVTR6GS7HLC41

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

- **a. Date of fiscal year-end:** 2026-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1172119799.15

**Total Liabilities:** $407818036.18

**Net Assets:** $764301762.97

**Delayed Delivery Securities:** $6987655.07

**Cash Not Reported:** $4663773.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 16779.00000000 | **1-Year:** 4030.88000000 | **5-Year:** 92804.31000000 | **10-Year:** 33305.79000000 | **30-Year:** 72127.79000000

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

- **3-Month:** 33826.78000000 | **1-Year:** 17427.67000000 | **5-Year:** 176380.50000000 | **10-Year:** 18873.77000000 | **30-Year:** 3302.39000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.50%                | 0.22%                | -1.66%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $509578.25               | $-1807007.01                               |
| Month 2  | $-208053.75              | $1213771.22                                |
| Month 3  | $-291541.80              | $-20110198.05                              |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GLOBAL AUTO HO/AAG FH UK                                         | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $198982.60    | 0.03%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| AAL Delaware Holdco Inc                                          | AAL Delaware Holdco Inc 2025 Term Loan                                           | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     60540 | PA      | $60407.61     | 0.01%             | 2031-07-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                               | A&D Mortgage Trust 2024-NQM5                                                     | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |   1211161 | PA      | $1215544.02   | 0.16%             | 2069-11-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ABRA GLOBAL FINANCE                                              | ABRA Global Finance                                                              | CUSIP: 000852AC7<br>LEI: 2549007QS3P0D4KT9G26 | Long             | DBT              | CORP              | KY        |    167161 | PA      | $158109.23    | 0.02%             | 2029-10-22      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                                     | ADT Security Corp/The                                                            | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    892000 | PA      | $863910.47    | 0.11%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                                     | AES Andes SA                                                                     | CUSIP: 00111VAA5<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $204375.00    | 0.03%             | 2029-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                                     | AES Andes SA                                                                     | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $209650.00    | 0.03%             | 2055-06-10      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| ACRA Trust 2024-NQM1                                             | ACRA Trust 2024-NQM1                                                             | CUSIP: 00112EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    368688 | PA      | $369620.50    | 0.05%             | 2064-10-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| AGL Core CLO                                                     | AGL Core CLO 2 Ltd                                                               | CUSIP: 001200AJ3<br>LEI: 549300EIBQDZ5WXOZ105 | Long             | ABS-CBDO         | CORP              | KY        |   1626000 | PA      | $1626484.87   | 0.21%             | 2037-07-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                                                 | AHP Health Partners Inc                                                          | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |   1233000 | PA      | $1219342.80   | 0.16%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                                 | APi Group DE Inc                                                                 | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    128000 | PA      | $123889.13    | 0.02%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                                 | APi Group DE Inc                                                                 | CUSIP: 001877AA7<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    168000 | PA      | $159983.26    | 0.02%             | 2029-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                                           | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    617000 | PA      | $557934.59    | 0.07%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO LLC                                               | APLD ComputeCo LLC                                                               | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    534000 | PA      | $550191.95    | 0.07%             | 2030-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                         | AT&T Inc                                                                         | CUSIP: 00206RBK7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2656000 | PA      | $2142549.04   | 0.28%             | 2045-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                                            | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    442000 | PA      | $449868.48    | 0.06%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                         | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     67000 | PA      | $66633.53     | 0.01%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                       | AbbVie Inc                                                                       | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1460012.09   | 0.19%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                         | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    168000 | PA      | $172002.50    | 0.02%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                                      | Acushnet Co                                                                      | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    172000 | PA      | $170669.05    | 0.02%             | 2033-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                               | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    229000 | PA      | $231987.72    | 0.03%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AECOM                                                            | AECOM                                                                            | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    756000 | PA      | $755169.38    | 0.10%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                                         | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    364000 | PA      | $367162.43    | 0.05%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | Osaic Holdings Inc                                                               | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    524000 | PA      | $524065.45    | 0.07%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | Osaic Holdings Inc                                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    977000 | PA      | $964496.60    | 0.13%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                          | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    504000 | PA      | $525654.36    | 0.07%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Aimco                                                            | AIMCO CLO Series 2018-B                                                          | CUSIP: 00900PAU9<br>LEI: 549300MMTPNJGGRMPB33 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.07%             | 2037-04-16      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                         | Ajax Mortgage Loan Trust 2017-D                                                  | CUSIP: 00968BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       763 | PA      | $264.82       | 0.00%             | 2057-12-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                           | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    258000 | PA      | $259729.89    | 0.03%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                           | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    254000 | PA      | $251122.69    | 0.03%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                           | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1152000 | PA      | $1127054.94   | 0.15%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS INC                                               | Albertsons Cos Inc                                                               | CUSIP: 01309QAE8<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    231000 | PA      | $227423.22    | 0.03%             | 2032-03-31      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                         | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1553000 | PA      | $1587223.46   | 0.21%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                          | ATI Inc                                                                          | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    157000 | PA      | $156969.64    | 0.02%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                          | ATI Inc                                                                          | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127279.40    | 0.02%             | 2029-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                          | ATI Inc                                                                          | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    350000 | PA      | $345792.93    | 0.05%             | 2031-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                          | ATI Inc                                                                          | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    444000 | PA      | $460414.24    | 0.06%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                         | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    141000 | PA      | $140892.56    | 0.02%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                         | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2111000 | PA      | $2068900.33   | 0.27%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                         | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2301000 | PA      | $2226284.69   | 0.29%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                         | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1268000 | PA      | $1278793.30   | 0.17%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                         | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $225847.95    | 0.03%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                         | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2149279.10   | 0.28%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                 | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2705575.04   | 0.35%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                          | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   5370000 | PA      | $5537624.55   | 0.72%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                 | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1708000 | PA      | $1731368.86   | 0.23%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                          | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    900000 | PA      | $879313.91    | 0.12%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                      | Allied Universal Holdco LLC 2025 USD Term Loan B                                 | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |    658996 | PA      | $658633.75    | 0.09%             | 2032-08-20      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                         | Allison Transmission Inc                                                         | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    254000 | PA      | $252442.83    | 0.03%             | 2033-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F052649<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4813000 | PA      | $4835168.24   | 0.63%             | 2056-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                               | Ally Financial Inc                                                               | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2971997.40   | 0.39%             | 2026-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                             | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    440000 | PA      | $446438.38    | 0.06%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                     | Alphabet Inc                                                                     | CUSIP: 02079KAZ0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1535131.29   | 0.20%             | 2045-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                 | Altice France SA                                                                 | CUSIP: 02090DAB4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    371869 | PA      | $355729.33    | 0.05%             | 2030-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                 | Altice France SA                                                                 | CUSIP: 02090DAC2<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    660400 | PA      | $626298.26    | 0.08%             | 2031-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                 | Altice France SA                                                                 | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   2125905 | PA      | $2014260.95   | 0.26%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                 | Altice France SA                                                                 | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    748010 | PA      | $708760.77    | 0.09%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-OA14                                                 | CUSIP: 02146SAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3376977 | PA      | $3109435.31   | 0.41%             | 2046-11-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-OA8                                                  | CUSIP: 02147CAA1<br>LEI: 549300EBNJLBIQBKE071 | Long             | ABS-MBS          | CORP              | US        |    915547 | PA      | $844569.85    | 0.11%             | 2046-07-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2007-4CB                                                  | CUSIP: 02148FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1235599 | PA      | $920377.78    | 0.12%             | 2037-04-25      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-40T1                                                 | CUSIP: 02148KAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2259475 | PA      | $455937.29    | 0.06%             | 2036-12-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2007-OA2                                                  | CUSIP: 02149LAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1195235 | PA      | $1090517.86   | 0.14%             | 2047-03-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2007-12T1                                                 | CUSIP: 02150LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1555253 | PA      | $677987.67    | 0.09%             | 2037-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2007-12T1                                                 | CUSIP: 02150LBG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3205039 | PA      | $1338969.32   | 0.18%             | 2037-06-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2007-19                                                   | CUSIP: 02151AAA8<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    527715 | PA      | $236711.15    | 0.03%             | 2037-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2007-22                                                   | CUSIP: 02151BBG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6833409 | PA      | $2497142.32   | 0.33%             | 2037-09-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2007-23CB                                                 | CUSIP: 02151EAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3767729 | PA      | $1675005.56   | 0.22%             | 2037-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                 | Altria Group Inc                                                                 | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    750000 | PA      | $566114.30    | 0.07%             | 2041-02-04      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                   | Amazon.com Inc                                                                   | CUSIP: 023135CJ3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   2980000 | PA      | $2284897.66   | 0.30%             | 2052-04-13      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                         | Amentum Government Services Holdings LLC 2024 Term Loan B                        | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |     43761 | PA      | $43724.48     | 0.01%             | 2031-09-29      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                             | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119003.15    | 0.02%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                          | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    229000 | PA      | $226651.15    | 0.03%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                          | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    239000 | PA      | $232666.02    | 0.03%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                              | American Tower Corp                                                              | CUSIP: 03027XBS8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   1000000 | PA      | $880364.56    | 0.12%             | 2031-09-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                                         | AmeriTex HoldCo Intermediate LLC                                                 | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    304000 | PA      | $313803.09    | 0.04%             | 2033-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                           | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    169000 | PA      | $179041.47    | 0.02%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                        | Amgen Inc                                                                        | CUSIP: 031162BE9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    250000 | PA      | $231213.81    | 0.03%             | 2041-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC                                             | Amkor Technology Inc                                                             | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    104000 | PA      | $103574.53    | 0.01%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                       | Amneal Pharmaceuticals LLC 2026 Term Loan                                        | CUSIP: 03167DAS3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    458390 | PA      | $459535.74    | 0.06%             | 2032-08-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                                         | Amneal Pharmaceuticals LLC                                                       | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    239000 | PA      | $246038.07    | 0.03%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                 | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    147000 | PA      | $140820.61    | 0.02%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                 | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120694.92    | 0.02%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                                                | Amsted Industries Inc                                                            | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    169000 | PA      | $169836.55    | 0.02%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY/WARRANTY                                           | Amynta Agency Borrower Inc and Amynta Warranty Borrower Inc                      | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $436235.20    | 0.06%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                        | Anchorage Capital CLO 7 Ltd                                                      | CUSIP: 03328TBS3<br>LEI: 54930014PVHLSZJQK139 | Long             | ABS-CBDO         | CORP              | KY        |    919000 | PA      | $919447.37    | 0.12%             | 2037-04-28      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                        | Anchorage Capital CLO 7 Ltd                                                      | CUSIP: 03328TBY0<br>LEI: 54930014PVHLSZJQK139 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244532.43    | 0.03%             | 2037-04-28      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                         | Angel Oak Mortgage Trust 2025-11                                                 | CUSIP: 03466FAC1<br>LEI: 254900U7QMG1IM2AZ079 | Long             | ABS-MBS          | CORP              | US        |    595176 | PA      | $592594.99    | 0.08%             | 2070-10-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                         | Angel Oak Mortgage Trust 2025-7                                                  | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-MBS          | CORP              | US        |   1353593 | PA      | $1358092.91   | 0.18%             | 2070-06-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                         | Angel Oak Mortgage Trust 2024-10                                                 | CUSIP: 034933AA9<br>LEI: 254900QN92XYN8GJBJ44 | Long             | ABS-MBS          | CORP              | US        |   1359415 | PA      | $1360354.14   | 0.18%             | 2069-10-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC                                           | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    200000 | PA      | $190932.00    | 0.02%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                               | Angolan Government International Bond                                            | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    200000 | PA      | $194100.00    | 0.03%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                                          | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                      | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1802344.00   | 0.24%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                         | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    263000 | PA      | $262156.74    | 0.03%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                         | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    383000 | PA      | $391440.94    | 0.05%             | 2032-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| APACHE CORP                                                      | Apache Corp                                                                      | CUSIP: 037411AY1<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |    800000 | PA      | $687013.02    | 0.09%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                                       | Apidos CLO XVIII-R                                                               | CUSIP: 03767NAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1450000 | PA      | $1450328.28   | 0.19%             | 2038-01-22      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                                       | Apidos CLO XVIII-R                                                               | CUSIP: 03767NBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    870000 | PA      | $870899.32    | 0.11%             | 2038-01-22      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                         | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAD5<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111284.58    | 0.01%             | 2031-07-29      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                         | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAF0<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180690.33    | 0.02%             | 2032-03-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                         | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAK9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216538.87    | 0.03%             | 2030-08-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO 2 LLC                                             | APLD ComputeCo 2 LLC                                                             | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1519000 | PA      | $1507940.31   | 0.20%             | 2031-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                        | Apple Inc                                                                        | CUSIP: 037833EF3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1512997.85   | 0.20%             | 2051-02-08      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                         | Aptiv Swiss Holdings Ltd                                                         | CUSIP: 03835VAH9<br>LEI: 254900HTTDFIJZ32GX53 | Long             | DBT              | CORP              | JE        |    280000 | PA      | $256621.63    | 0.03%             | 2049-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                           | Egypt Government International Bond                                              | CUSIP: 038461AM1<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $172375.26    | 0.02%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                           | Egypt Government International Bond                                              | CUSIP: 03846JAC4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $152080.00    | 0.02%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                           | Egypt Government International Bond                                              | CUSIP: 03846JAG5<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $209262.00    | 0.03%             | 2033-02-04      | Fixed         | 9.45%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                             | Aramark Services Inc                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    492000 | PA      | $489096.36    | 0.06%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARCHROCK SERVICES/PARTNE                                         | Archrock Services LP / Archrock Partners Finance Corp                            | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1079168.74   | 0.14%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                         | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $770000.00    | 0.10%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                         | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    639000 | PA      | $651559.55    | 0.09%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                       | Arcosa Inc                                                                       | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    477000 | PA      | $460181.08    | 0.06%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                       | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40985.72     | 0.01%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARDAGH GROUP SA                                                  | Ardagh Group SA                                                                  | CUSIP: 03969UAA4<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |    800000 | PA      | $672280.00    | 0.09%             | 2030-12-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                           | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $190214.92    | 0.02%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                           | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   3002000 | PA      | $2748935.60   | 0.36%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                           | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    515000 | PA      | $510577.64    | 0.07%             | 2031-01-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HERITAGE ENVIRONMENTAL SER INC                                   | HERITAGE ENVIRONMENTAL SER INC 2026 TERM LOAN B                                  | CUSIP: 03970GAC8<br>LEI: 549300E3IIHNPMXFHC03 | Long             | LON              | CORP              | US        |    125000 | PA      | $125000.00    | 0.02%             | 2033-04-01      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| ARDONAGH FINCO LTD                                               | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   2814000 | PA      | $2846971.64   | 0.37%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                                           | Ardonagh Group Finance Ltd                                                       | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   3053000 | PA      | $2991214.82   | 0.39%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ARDAGH GROUP SA                                                  | Ardagh Group SA                                                                  | CUSIP: 039959AA9<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |   1416064 | PA      | $1484826.65   | 0.19%             | 2030-12-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds                | Argentina Republic Government International Bonds                                | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    188313 | PA      | $157806.39    | 0.02%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                                           | Argent Securities Trust 2006-W5                                                  | CUSIP: 04012XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3470713 | PA      | $2296726.65   | 0.30%             | 2036-06-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                         | Ares Strategic Income Fund                                                       | CUSIP: 04020EAK3<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291716.26    | 0.04%             | 2030-09-09      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARMENIA                                              | Republic of Armenia International Bond                                           | CUSIP: 042207AE0<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |    200000 | PA      | $202220.00    | 0.03%             | 2035-03-12      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                           | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: 254900G9F9HA5EP57J39 | Long             | DBT              | CORP              | US        |    312000 | PA      | $324844.10    | 0.04%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                           | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAC4<br>LEI: 254900G9F9HA5EP57J39 | Long             | DBT              | CORP              | US        |   1329000 | PA      | $1435987.16   | 0.19%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Aruba Investments Holdings LLC                                   | Aruba Investments Holdings LLC 2020 USD Term Loan                                | CUSIP: 04317JAB4<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |     89973 | PA      | $85812.20     | 0.01%             | 2027-11-24      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| Aruba Investments Holdings LLC                                   | Aruba Investments Holdings LLC 2020 2nd Lien Term Loan                           | CUSIP: 04317JAF5<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |    117800 | PA      | $105578.25    | 0.01%             | 2028-11-24      | Floating      | 11.52%                | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                          | Asbury Automotive Group Inc                                                      | CUSIP: 043436AU8<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21604.00     | 0.00%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                          | Asbury Automotive Group Inc                                                      | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37880.48     | 0.00%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                         | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAK9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | CORP              | US        |    214000 | PA      | $249842.86    | 0.03%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                         | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VBA0<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |    232000 | PA      | $235983.90    | 0.03%             | 2033-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                         | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $171704.01    | 0.02%             | 2030-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                         | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    188000 | PA      | $181370.29    | 0.02%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                                           | Asurion LLC/ Asurion Co-Issuer Inc                                               | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   1493000 | PA      | $1548909.85   | 0.20%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                                           | Asurion LLC/ Asurion Co-Issuer Inc                                               | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1325227.20   | 0.17%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                      | Asurion LLC 2025 Term Loan B13                                                   | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    481295 | PA      | $475178.07    | 0.06%             | 2030-09-19      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Athenahealth Group Inc                                           | Athenahealth Group Inc 2022 Term Loan B                                          | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    360062 | PA      | $352860.44    | 0.05%             | 2029-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Atlas CC Acquisition Corp                                        | Atlas CC Acquisition Corp 2025 Second Out Term Loan B                            | CUSIP: 04921TAR5<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | LON              | CORP              | US        |    169951 | PA      | $33754.02     | 0.00%             | 2029-05-25      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Atlas CC Acquisition Corp                                        | Atlas CC Acquisition Corp 2025 Second Out Term Loan C                            | CUSIP: 04921TAS3<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | LON              | CORP              | US        |     29559 | PA      | $5870.69      | 0.00%             | 2029-05-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                          | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1347000 | PA      | $1315240.97   | 0.17%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                              | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    624000 | PA      | $609032.39    | 0.08%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                              | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     31000 | PA      | $29083.99     | 0.00%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                      | Avient Corp                                                                      | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    227000 | PA      | $228585.37    | 0.03%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                              | Avianca Midco 2 PLC                                                              | CUSIP: 05369YAD1<br>LEI: 213800AMPX5VKH9AMX10 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $183810.00    | 0.02%             | 2031-01-28      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                              | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    142000 | PA      | $144945.93    | 0.02%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                   | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    223000 | PA      | $229850.56    | 0.03%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                   | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    155000 | PA      | $156501.95    | 0.02%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                   | Azorra Finance Ltd                                                               | CUSIP: 05480AAC9<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    194000 | PA      | $180310.06    | 0.02%             | 2034-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                 | BAT Capital Corp                                                                 | CUSIP: 054989AC2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $549589.08    | 0.07%             | 2043-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                                    | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    118000 | PA      | $116195.33    | 0.02%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                 | BAT Capital Corp                                                                 | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    715000 | PA      | $580531.79    | 0.08%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                                         | BHP Billiton Finance USA Ltd                                                     | CUSIP: 055451AV0<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $232836.09    | 0.03%             | 2043-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BCPE EMPIRE HOLDINGS INC                                         | BCPE EMPIRE HOLDINGS INC 2026 10TH AMENDMENT TERM LOAN                           | CUSIP: 05550HAT2<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |    622000 | PA      | $611506.86    | 0.08%             | 2032-12-29      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                       | BFLD Commercial Mortgage Trust 2025-660F                                         | CUSIP: 05556QAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    226000 | PA      | $225435.00    | 0.03%             | 2042-11-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                      | BNP Paribas SA                                                                   | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $3094464.00   | 0.40%             | 2029-08-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                               | BMO 2025-C13 Mortgage Trust                                                      | CUSIP: 05592YAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1972000 | PA      | $2006028.24   | 0.26%             | 2058-10-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                        | BPR Commercial Mortgage Trust 2024-PARK                                          | CUSIP: 05593UAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $206765.28    | 0.03%             | 2039-11-05      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BSTN Commercial Mortgage Trust                                   | BSTN Commercial Mortgage Trust 2025-HUB                                          | CUSIP: 05594GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    265000 | PA      | $264659.48    | 0.03%             | 2041-04-13      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                         | BX Trust 2021-LBA                                                                | CUSIP: 05609BCD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1650000 | PA      | $1648968.75   | 0.22%             | 2036-02-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                         | BX Commercial Mortgage Trust 2022-LP2                                            | CUSIP: 05610HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    113628 | PA      | $113557.06    | 0.01%             | 2039-02-15      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                         | BX Trust 2024-BIO                                                                | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $237675.00    | 0.03%             | 2041-02-15      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                         | BX Commercial Mortgage Trust 2024-MF                                             | CUSIP: 05612EAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451582 | PA      | $451440.70    | 0.06%             | 2039-02-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                         | BX Trust 2024-CNYN                                                               | CUSIP: 05612HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    570369 | PA      | $570012.89    | 0.07%             | 2041-04-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                        | BPR Commercial Mortgage Trust 2025-STAR                                          | CUSIP: 05619DAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    420000 | PA      | $417291.17    | 0.05%             | 2042-11-05      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                         | BX Trust 2025-OMG                                                                | CUSIP: 05619HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    418000 | PA      | $416955.00    | 0.05%             | 2042-10-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                                    | BLP Commercial Mortgage Trust 2024-IND2                                          | CUSIP: 05625AAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    342662 | PA      | $341805.48    | 0.04%             | 2041-03-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL SPECIALTY F                                         | Bain Capital Specialty Finance Inc                                               | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91974.49     | 0.01%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                        | Ball Corp                                                                        | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    268000 | PA      | $268153.83    | 0.04%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                                    | Ballyrock CLO 28 Ltd                                                             | CUSIP: 05876HAE2<br>LEI: 2549006FL37LMQQU3H44 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250428.45    | 0.03%             | 2038-01-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                                    | Ballyrock Clo 30 Ltd                                                             | CUSIP: 05876UAE3<br>LEI: 254900EJ3XP0RZ3ZI054 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $989920.40    | 0.13%             | 2038-10-25      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                         | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $206400.00    | 0.03%             | 2031-05-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                             | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3635000 | PA      | $3726765.58   | 0.49%             | 2030-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Bank5                                                            | BANK5 2025-5YR17                                                                 | CUSIP: 06211GAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    409000 | PA      | $418104.46    | 0.05%             | 2058-11-15      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                 | Bank of Montreal                                                                 | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3080865.00   | 0.40%             | 2084-05-26      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                           | Bank of New York Mellon Corp/The                                                 | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2845000 | PA      | $2781094.19   | 0.36%             | 2026-12-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BARBADOS GOVT OF                                                 | Barbados Government International Bond                                           | CUSIP: 067070AK8<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |    378000 | PA      | $385938.00    | 0.05%             | 2035-06-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | Barclays PLC                                                                     | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2835000 | PA      | $2688163.73   | 0.35%             | 2028-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | Barclays PLC                                                                     | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206951.76    | 0.03%             | 2029-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | Barclays PLC                                                                     | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1105000 | PA      | $1205284.28   | 0.16%             | 2029-12-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                               | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |   1440000 | PA      | $1486800.00   | 0.19%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                            | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    214000 | PA      | $195961.94    | 0.03%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                            | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1540000 | PA      | $1570859.32   | 0.21%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Bayview Commercial Asset Trust                                   | Bayview Commercial Asset Trust 2007-2                                            | CUSIP: 07325XAA8<br>LEI: 5493003DOWFR7J1QCW02 | Long             | ABS-MBS          | CORP              | US        |    866518 | PA      | $813106.78    | 0.11%             | 2037-07-25      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                      | BBCMS Mortgage Trust 2025-C35                                                    | CUSIP: 07337DAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    643000 | PA      | $643761.70    | 0.08%             | 2058-07-15      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                          | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   2472798 | PA      | $2633572.67   | 0.34%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust                       | Bear Stearns Asset Backed Securities I Trust 2006-HE9                            | CUSIP: 07389MAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    422360 | PA      | $417843.60    | 0.05%             | 2036-11-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                                 | Beazer Homes USA Inc                                                             | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     74000 | PA      | $73641.81     | 0.01%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                            | Becton Dickinson & Co                                                            | CUSIP: 075887BG3<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    600000 | PA      | $524898.80    | 0.07%             | 2044-12-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                                             | Beignet Investor LLC                                                             | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9517000 | PA      | $9784962.08   | 1.28%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                            | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    799000 | PA      | $804045.69    | 0.11%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                              | Benin Government International Bond                                              | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |    400000 | PA      | $391330.32    | 0.05%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN                                           | Berkshire Hathaway Finance Corp                                                  | CUSIP: 084664BL4<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    250000 | PA      | $266557.25    | 0.03%             | 2040-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                       | BFLD Commercial Mortgage Trust 2024-UNIV                                         | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    630000 | PA      | $630196.88    | 0.08%             | 2041-11-15      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                       | BFLD Commercial Mortgage Trust 2025-5MW                                          | CUSIP: 088921AD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    968000 | PA      | $980673.25    | 0.13%             | 2042-10-10      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| BHMS Mortgage Trust                                              | BHMS Commercial Mortgage Trust 2025-ATLS                                         | CUSIP: 088928AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    435000 | PA      | $435279.44    | 0.06%             | 2042-08-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BIDVEST GROUP UK PLC                                             | Bidvest Group UK PLC/The                                                         | CUSIP: 088932AA6<br>LEI: 984500A80C777F496830 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $199460.00    | 0.03%             | 2032-09-17      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BIG RIVER STEEL/BRS FIN                                          | Big River Steel LLC / BRS Finance Corp                                           | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1014000 | PA      | $1011653.40   | 0.13%             | 2029-01-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL                                          | BioMarin Pharmaceutical Inc                                                      | CUSIP: 09061GAL5<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | DBT              | CORP              | US        |    564000 | PA      | $555289.87    | 0.07%             | 2034-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLACK PEARL COMPUTE LLC                                          | Black Pearl Compute LLC                                                          | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1343000 | PA      | $1366901.37   | 0.18%             | 2031-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                           | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    388000 | PA      | $381351.78    | 0.05%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BLOCK COMMUNICATIONS INC                                         | Block Communications Inc                                                         | CUSIP: 093645AK5<br>LEI: M5G68A9OHJWIL4SFC742 | Long             | DBT              | CORP              | US        |    135000 | PA      | $123517.02    | 0.02%             | 2031-03-01      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                         | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    296000 | PA      | $305788.72    | 0.04%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                         | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    238000 | PA      | $247230.35    | 0.03%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                             | BlueMountain CLO 2018-3 Ltd                                                      | CUSIP: 09630AAN6<br>LEI: 549300NUS8PQQUZMPR50 | Long             | ABS-CBDO         | CORP              | KY        |    218455 | PA      | $218365.33    | 0.03%             | 2030-10-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                   | Bombardier Inc                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    531000 | PA      | $564740.80    | 0.07%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                   | Bombardier Inc                                                                   | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    205000 | PA      | $214822.99    | 0.03%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                   | Bombardier Inc                                                                   | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    403000 | PA      | $418250.33    | 0.05%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                   | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    460000 | PA      | $475045.68    | 0.06%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Boots Group Bidco Ltd                                            | Boots Group Bidco Ltd USD Term Loan                                              | CUSIP: 09947PAB7<br>LEI: 254900YVLYOVF1PF1N93 | Long             | LON              | CORP              | US        |   1091265 | PA      | $1093993.16   | 0.14%             | 2032-08-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                                    | Boyne USA Inc                                                                    | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    397000 | PA      | $385088.53    | 0.05%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICE                                         | Brand Industrial Services Inc                                                    | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |   1396000 | PA      | $1275822.27   | 0.17%             | 2030-08-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Brand Industrial Services Inc                                    | Brand Industrial Services Inc 2024 Term Loan B                                   | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |   1218561 | PA      | $1042880.94   | 0.14%             | 2030-08-01      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                  | BRAVO Residential Funding Trust 2023-NQM3                                        | CUSIP: 10568EAA0<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    295879 | PA      | $295426.99    | 0.04%             | 2062-09-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                  | BRAVO Residential Funding Trust 2021-NQM1                                        | CUSIP: 10569TAA6<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    315333 | PA      | $298621.55    | 0.04%             | 2049-02-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                  | BRAVO Residential Funding Trust 2023-NQM4                                        | CUSIP: 10569YAA5<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    752690 | PA      | $752279.73    | 0.10%             | 2063-05-25      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                            | Brazil Government International Bonds                                            | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    306000 | PA      | $313038.00    | 0.04%             | 2035-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                           | Brazilian Government International Bond                                          | CUSIP: 105756CQ1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $196305.00    | 0.03%             | 2036-05-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRCK Trust                                                       | BRCK Trust 2025-830B                                                             | CUSIP: 10635AAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135000 | PA      | $137766.95    | 0.02%             | 2042-12-10      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| BRCK Trust                                                       | BRCK Trust 2025-830B                                                             | CUSIP: 10635AAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $123105.77    | 0.02%             | 2042-12-10      | Variable      | 7.59%                 | No            |                  2 | On Loan: No      |
| BREAKWATER ENRGY HOLD                                            | Breakwater Energy Holdings Sarl                                                  | CUSIP: 10637BAA3<br>LEI: 984500969HAFA937F390 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $525092.00    | 0.07%             | 2030-11-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOT/BRIGHSTAR                                         | Brightstar Lottery PLC/ Brightstar Global Solutions Corp                         | CUSIP: 108922AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    372000 | PA      | $361612.61    | 0.05%             | 2033-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                                   | Brink's Co/The                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    208000 | PA      | $211220.05    | 0.03%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                                   | Brink's Co/The                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    496000 | PA      | $502059.14    | 0.07%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                     | Broadcom Inc                                                                     | CUSIP: 11135FBT7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967501.80    | 0.13%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                     | Broadcom Inc                                                                     | CUSIP: 11135FCV1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    800000 | PA      | $638247.71    | 0.08%             | 2041-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                         | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1308000 | PA      | $1200916.66   | 0.16%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                         | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    874000 | PA      | $829247.35    | 0.11%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                                         | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              |  | US        |    434000 | PA      | $425698.93    | 0.06%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                                          | Bryant Park Funding 2024-22 Ltd                                                  | CUSIP: 11766CAG9<br>LEI: 5493000N8L82QL1KEO96 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001020.60   | 0.13%             | 2037-04-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                              | Buckeye Partners LP                                                              | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    182000 | PA      | $164728.67    | 0.02%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                              | Buckeye Partners LP                                                              | CUSIP: 118230AP6<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    117000 | PA      | $102582.30    | 0.01%             | 2044-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                              | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27789.21     | 0.00%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                              | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    118000 | PA      | $121777.30    | 0.02%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Buckhorn Park CLO, Ltd.                                          | Buckhorn Park CLO Ltd                                                            | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2496430.50   | 0.33%             | 2034-07-18      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                         | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     77000 | PA      | $76015.70     | 0.01%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                         | Builders FirstSource Inc                                                         | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    234000 | PA      | $233775.78    | 0.03%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                         | BX Commercial Mortgage Trust 2021-CIP                                            | CUSIP: 12434FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    508090 | PA      | $507772.49    | 0.07%             | 2038-12-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                  | C-BASS 2006-CB7 TRUST                                                            | CUSIP: 12479DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3410064 | PA      | $2387892.47   | 0.31%             | 2036-10-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     76000 | PA      | $74955.21     | 0.01%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    229000 | PA      | $217292.18    | 0.03%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2211000 | PA      | $2015226.12   | 0.26%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    704000 | PA      | $612918.94    | 0.08%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     38000 | PA      | $33944.28     | 0.00%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2125000 | PA      | $1817923.90   | 0.24%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    683000 | PA      | $617546.06    | 0.08%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1243000 | PA      | $1246814.77   | 0.16%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    526000 | PA      | $527448.76    | 0.07%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1547000 | PA      | $1540574.80   | 0.20%             | 2036-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                              | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1260927.32   | 0.16%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    800000 | PA      | $737539.02    | 0.10%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2298000 | PA      | $2165824.42   | 0.28%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    386000 | PA      | $414124.35    | 0.05%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2211000 | PA      | $2294726.41   | 0.30%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                           | CHL Mortgage Pass-Through Trust 2007-J2                                          | CUSIP: 12545EAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2594444 | PA      | $615869.08    | 0.08%             | 2037-07-25      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                           | CHL Mortgage Pass-Through Trust 2007-J2                                          | CUSIP: 12545EAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1432637 | PA      | $452492.50    | 0.06%             | 2037-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                 | CIFC Funding 2020-I Ltd                                                          | CUSIP: 12555QAW6<br>LEI: 2549005S1LQJ8MBPXW05 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $491244.10    | 0.06%             | 2036-07-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                 | CIFC Funding 2022-VII Ltd                                                        | CUSIP: 12569GAG7<br>LEI: 2549005S1LQJ8MBPXW05 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $489929.95    | 0.06%             | 2038-01-22      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                        | CIM Trust 2023-I1                                                                | CUSIP: 12570DAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    813147 | PA      | $810458.73    | 0.11%             | 2058-04-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                        | CIM Trust 2023-I2                                                                | CUSIP: 12570HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    777372 | PA      | $777849.33    | 0.10%             | 2067-12-25      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| CIP Commercial Mortgage Trust 2025-SBAY                          | CIP Commercial Mortgage Trust 2025-SBAY                                          | CUSIP: 12576AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    658000 | PA      | $657588.75    | 0.09%             | 2037-10-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| CIP Commercial Mortgage Trust 2025-SBAY                          | CIP Commercial Mortgage Trust 2025-SBAY                                          | CUSIP: 12576AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $373593.75    | 0.05%             | 2037-10-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                                            | CMG Media Corp                                                                   | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $272370.42    | 0.04%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                 | COLT 2023-2 Mortgage Loan Trust                                                  | CUSIP: 12598UAA4<br>LEI: 213800IHRVKO9R6JZ883 | Long             | ABS-MBS          | CORP              | US        |    666586 | PA      | $667316.76    | 0.09%             | 2068-07-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    606000 | PA      | $525640.82    | 0.07%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    800000 | PA      | $591640.96    | 0.08%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1317000 | PA      | $1076178.65   | 0.14%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    883000 | PA      | $638537.04    | 0.08%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                     | CSMC Series 2011-4R                                                              | CUSIP: 12645KAC5<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |    638371 | PA      | $536971.49    | 0.07%             | 2037-09-27      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                               | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    154000 | PA      | $158690.22    | 0.02%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                               | CNX Resources Corp                                                               | CUSIP: 12653CAM0<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    488000 | PA      | $475251.78    | 0.06%             | 2034-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                                            | CNX Midstream Partners LP                                                        | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    124000 | PA      | $117891.96    | 0.02%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST                                               | Century Plaza Towers 2019-CPT                                                    | CUSIP: 12654YAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $224365.03    | 0.03%             | 2039-11-13      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                         | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1938000 | PA      | $1890020.16   | 0.25%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                                             | CP Atlas Buyer Inc 2025 Term Loan                                                | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |    130345 | PA      | $119483.35    | 0.02%             | 2030-07-08      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                     | CSMC 2021-BHAR                                                                   | CUSIP: 12659VAJ9<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $266407.54    | 0.03%             | 2038-11-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                     | CSMC 2021-NQM2                                                                   | CUSIP: 12662EAD5<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1155773.10   | 0.15%             | 2066-02-25      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                   | CVR Energy Inc                                                                   | CUSIP: 12662PAH1<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    206000 | PA      | $207538.20    | 0.03%             | 2031-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                   | CVR Energy Inc                                                                   | CUSIP: 12662PAJ7<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    138000 | PA      | $138483.63    | 0.02%             | 2034-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                     | CSMC 2022-NQM5 Trust                                                             | CUSIP: 12663DAC8<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   2143487 | PA      | $2139065.99   | 0.28%             | 2067-05-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS Health Corp                                                                  | CUSIP: 126650EE6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1092816.70   | 0.14%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS Health Corp                                                                  | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    635000 | PA      | $642964.81    | 0.08%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2605000 | PA      | $2684681.74   | 0.35%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2005-9CB                                                  | CUSIP: 12667GEM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    876967 | PA      | $773339.50    | 0.10%             | 2035-05-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-OA6                                                  | CUSIP: 12668BD91<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2522842 | PA      | $2345511.99   | 0.31%             | 2046-07-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-7CB                                                  | CUSIP: 12668BYM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1303641 | PA      | $513381.78    | 0.07%             | 2036-05-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Equity Loan Trust                               | CWHEQ Revolving Home Equity Loan Trust Series 2006-I                             | CUSIP: 12668FAA2<br>LEI: 254900WKCCG7QRE77W83 | Long             | ABS-O            | CORP              | US        |    247364 | PA      | $240244.54    | 0.03%             | 2037-01-15      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                            | CWABS Asset-Backed Certificates Trust 2006-25                                    | CUSIP: 12668HAA8<br>LEI: 549300H6I2066O1LC673 | Long             | ABS-O            | CORP              | US        |    391320 | PA      | $366216.33    | 0.05%             | 2037-06-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                           | CHL Mortgage Pass-Through Trust 2006-OA5                                         | CUSIP: 126694N46<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3082094 | PA      | $2842564.97   | 0.37%             | 2046-04-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                                    | Cable One Inc                                                                    | CUSIP: 12685JAG0<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |   1148000 | PA      | $863296.00    | 0.11%             | 2028-03-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                           | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    519000 | PA      | $528303.59    | 0.07%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                            | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    445000 | PA      | $428043.28    | 0.06%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                            | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1631000 | PA      | $1651142.85   | 0.22%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                            | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1170215.99   | 0.15%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                         | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    290000 | PA      | $283351.58    | 0.04%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                         | California Resources Corp                                                        | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    215000 | PA      | $216754.81    | 0.03%             | 2034-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                                            | Capstone Borrower Inc                                                            | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    505000 | PA      | $482517.35    | 0.06%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                                 | Carlyle US CLO 2026-2 Ltd                                                        | CUSIP: 142928AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $600000.00    | 0.08%             | 2039-04-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1133000 | PA      | $1144358.33   | 0.15%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | Carnival Corp                                                                    | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    366000 | PA      | $370498.51    | 0.05%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    706000 | PA      | $705770.41    | 0.09%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                             | Carpenter Technology Corp                                                        | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    456000 | PA      | $451799.77    | 0.06%             | 2034-03-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Carrington Mortgage Loan Trust                                   | Carrington Mortgage Loan Trust Series 2006-FRE2                                  | CUSIP: 14454AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2365710 | PA      | $1923959.03   | 0.25%             | 2036-10-25      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| Carrington Mortgage Loan Trust                                   | Carrington Mortgage Loan Trust Series 2006-FRE2                                  | CUSIP: 14454AAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4873516 | PA      | $3958561.63   | 0.52%             | 2035-03-25      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                       | Carvana Co                                                                       | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   3190559 | PA      | $3449964.21   | 0.45%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                       | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    927270 | PA      | $964595.40    | 0.13%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                                   | CarVal CLO II Ltd                                                                | CUSIP: 14686AAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    837503 | PA      | $836674.48    | 0.11%             | 2032-04-20      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    245000 | PA      | $251360.92    | 0.03%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     42000 | PA      | $43125.35     | 0.01%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    349000 | PA      | $357558.88    | 0.05%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                                  | Cemex SAB de CV                                                                  | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $203023.64    | 0.03%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                          | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    159000 | PA      | $149590.33    | 0.02%             | 2030-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                                         | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $201519.61    | 0.03%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN                                          | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91000 | PA      | $67629.66     | 0.01%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                              | Century Communities Inc                                                          | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    411000 | PA      | $402634.42    | 0.05%             | 2033-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Crash Champions LLC                                              | Crash Champions LLC 2024 Term Loan B                                             | CUSIP: 15870MAC0<br>LEI: 391200ZDD75EGEUJ7625 | Long             | LON              | CORP              | US        |    451130 | PA      | $390227.45    | 0.05%             | 2029-02-23      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| Chamberlain Group Inc                                            | Chamberlain Group Inc 2025 Term Loan B                                           | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |     59090 | PA      | $58477.44     | 0.01%             | 2032-09-08      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                         | Charles River Laboratories International Inc                                     | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51166.11     | 0.01%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                             | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    587000 | PA      | $609838.41    | 0.08%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                             | Chart Industries Inc                                                             | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    102000 | PA      | $107150.49    | 0.01%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2414064.81   | 0.32%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                               | Chase Home Lending Mortgage Trust 2019-ATR1                                      | CUSIP: 16158RAN6<br>LEI: 529900A7SLLSJMEDIN80 | Long             | ABS-MBS          | CORP              | US        |    290213 | PA      | $291755.72    | 0.04%             | 2049-04-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                      | Chemours Co/The                                                                  | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1164000 | PA      | $1152504.92   | 0.15%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                      | Chemours Co/The                                                                  | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    827000 | PA      | $775523.55    | 0.10%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                      | Chemours Co/The                                                                  | CUSIP: 163851AL2<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    337000 | PA      | $336902.03    | 0.04%             | 2034-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                                         | Cheniere Energy Partners LP                                                      | CUSIP: 16411QAW1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2036696.74   | 0.27%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                             | Chile Government International Bonds                                             | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    400000 | PA      | $350800.00    | 0.05%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                                            | Chobani Holdco II LLC                                                            | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1529208 | PA      | $1626918.27   | 0.21%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                                         | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1198000 | PA      | $1177665.39   | 0.15%             | 2028-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                                         | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1528000 | PA      | $1561397.50   | 0.20%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                              | Churchill Downs Inc                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    374000 | PA      | $368957.84    | 0.05%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                              | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    508000 | PA      | $517550.91    | 0.07%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                 | CIFC Funding 2018-I Ltd                                                          | CUSIP: 17181NAC8<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |   1160000 | PA      | $1160342.78   | 0.15%             | 2038-01-18      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                 | CIFC Funding 2018-I Ltd                                                          | CUSIP: 17181NAG9<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |   1450000 | PA      | $1449115.65   | 0.19%             | 2038-01-18      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                 | CIFC Funding 2017-I Ltd                                                          | CUSIP: 17181PAG4<br>LEI: 549300X1SKS4LNS5LQ62 | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $700687.89    | 0.09%             | 2037-04-21      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                 | Cinemark USA Inc                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    101000 | PA      | $103776.19    | 0.01%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                               | Cipher Compute LLC                                                               | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1267063.47   | 0.17%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup Inc                                                                    | CUSIP: 172967PJ4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2547667.50   | 0.33%             | 2029-05-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup Inc                                                                    | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1982584.44   | 0.26%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                | Citigroup Mortgage Loan Trust 2006-AR7                                           | CUSIP: 172987AY5<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |    281653 | PA      | $272291.76    | 0.04%             | 2036-11-25      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                             | CITGO Petroleum Corp                                                             | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1146279.24   | 0.15%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                | Citigroup Mortgage Loan Trust 2006-FX1                                           | CUSIP: 17309YAG2<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |    285878 | PA      | $162867.34    | 0.02%             | 2036-10-25      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| CITY FOOTBALL GROUP LIMITED                                      | City Football Group Limited 2024 Term Loan                                       | CUSIP: 17781XAD8<br>LEI: 213800K6VVWALRH9UJ69 | Long             | LON              | CORP              | GB        |    290145 | PA      | $289057.20    | 0.04%             | 2030-07-22      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                     | SM Energy Co                                                                     | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    252000 | PA      | $263413.58    | 0.03%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                         | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1058000 | PA      | $1068295.40   | 0.14%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                         | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    488000 | PA      | $498980.00    | 0.07%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                         | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2305000 | PA      | $2323440.00   | 0.30%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                              | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    507000 | PA      | $478464.57    | 0.06%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                              | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1271000 | PA      | $1102829.03   | 0.14%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                                | Clean Harbors Inc                                                                | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53825.51     | 0.01%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc                               | Clear Channel Outdoor Holdings Inc 2024 Term Loan                                | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |    864341 | PA      | $865421.04    | 0.11%             | 2028-08-23      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    493000 | PA      | $495339.29    | 0.06%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    967000 | PA      | $971080.74    | 0.13%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1088000 | PA      | $1138595.26   | 0.15%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1183895.63   | 0.15%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   2571000 | PA      | $2722683.86   | 0.36%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                                           | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     53000 | PA      | $52292.80     | 0.01%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    563000 | PA      | $562949.66    | 0.07%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                           | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3556000 | PA      | $3430379.32   | 0.45%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                           | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11381.22     | 0.00%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC                                            | Clover Holdings 2 LLC Fixed Term Loan B                                          | CUSIP: 18914DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1927122 | PA      | $1813903.51   | 0.24%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    375000 | PA      | $368273.76    | 0.05%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    421000 | PA      | $409200.48    | 0.05%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1071000 | PA      | $1013319.81   | 0.13%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                         | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    528000 | PA      | $528602.45    | 0.07%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                          | Colombia Government International Bonds                                          | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $211150.00    | 0.03%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                          | Colombia Government International Bonds                                          | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $209410.00    | 0.03%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                          | Colombia Government International Bonds                                          | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $204610.00    | 0.03%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                             | Colombia Government International Bond                                           | CUSIP: 195325EU5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $196800.00    | 0.03%             | 2031-01-21      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                 | COLT 2024-INV4 Mortgage Loan Trust                                               | CUSIP: 19688QAA9<br>LEI: 2138008UGM66WOAUY633 | Long             | ABS-MBS          | CORP              | US        |   1004380 | PA      | $1008709.86   | 0.13%             | 2069-05-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                 | COLT 2024-6 Mortgage Loan Trust                                                  | CUSIP: 19688XAA4<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-MBS          | CORP              | US        |    951372 | PA      | $952694.70    | 0.12%             | 2069-11-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                 | Colt 2024-7 Mortgage Loan Trust                                                  | CUSIP: 19688YAA2<br>LEI: 213800EA95GXXC9AJO50 | Long             | ABS-MBS          | CORP              | US        |   1113515 | PA      | $1117076.06   | 0.15%             | 2069-12-26      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                 | COLT 2025-6 Mortgage Loan Trust                                                  | CUSIP: 19689BAA1<br>LEI: 213800IXUWCX6RHIO921 | Long             | ABS-MBS          | CORP              | US        |   1636096 | PA      | $1642732.52   | 0.21%             | 2070-08-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| COLUMBUS MCKINNON CORP                                           | Columbus McKinnon Corp/NY                                                        | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |    330000 | PA      | $329848.20    | 0.04%             | 2033-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                             | Commercial Metals Co                                                             | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    526000 | PA      | $520469.90    | 0.07%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                             | Commercial Metals Co                                                             | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    542000 | PA      | $534328.26    | 0.07%             | 2035-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                                         | Compass Group Diversified Holdings LLC                                           | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    281017 | PA      | $261341.23    | 0.03%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COMPOSECURE HOLDINGS LLC                                         | CompoSecure Holdings LLC Term Loan                                               | CUSIP: 20459KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    390000 | PA      | $388295.70    | 0.05%             | 2033-01-14      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| COMPOSECURE HOLDINGS LLC                                         | CompoSecure Holdings LLC                                                         | CUSIP: 20459XAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1633000 | PA      | $1595359.35   | 0.21%             | 2033-02-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC                               | Compass Datacenters Issuer II LLC                                                | CUSIP: 20469CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    363000 | PA      | $357260.50    | 0.05%             | 2050-11-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                           | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    436000 | PA      | $430346.30    | 0.06%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                           | Comstock Resources Inc                                                           | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    707000 | PA      | $684071.50    | 0.09%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                           | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177867.14    | 0.02%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                                         | Concentra Health Services Inc                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    522000 | PA      | $539677.01    | 0.07%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Concord Music Royalties, LLC                                     | Concord Music Royalties LLC                                                      | CUSIP: 20633KAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    171000 | PA      | $171662.80    | 0.02%             | 2074-10-20      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| CART                                                             | CONE Trust 2024-DFW1                                                             | CUSIP: 20682AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    660000 | PA      | $653696.67    | 0.09%             | 2041-08-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                         | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    400000 | PA      | $420216.00    | 0.05%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                         | Constellation Energy Generation LLC                                              | CUSIP: 210385AJ9<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     88000 | PA      | $88236.83     | 0.01%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                                   | Constellium SE                                                                   | CUSIP: 21039CAA2<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $248767.43    | 0.03%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                                   | Constellium SE                                                                   | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |   1492000 | PA      | $1423016.19   | 0.19%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                                   | Constellium SE                                                                   | CUSIP: 21039CAD6<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    422000 | PA      | $426574.48    | 0.06%             | 2032-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                                         | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $606744.00    | 0.08%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                                                    | CoreLogic Inc Term Loan                                                          | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    200632 | PA      | $191479.61    | 0.03%             | 2028-06-02      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                                    | CoreLogic Inc                                                                    | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |   1759000 | PA      | $1651311.91   | 0.22%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                    | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    487000 | PA      | $473198.13    | 0.06%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CORNING INC                                                      | Corning Inc                                                                      | CUSIP: 219350BF1<br>LEI: 549300X2937PB0CJ7I56 | Long             | DBT              | CORP              | US        |   1915000 | PA      | $1508036.23   | 0.20%             | 2057-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                                      | Corp Nacional del Cobre de Chile                                                 | CUSIP: 21987BBQ0<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    205000 | PA      | $200838.50    | 0.03%             | 2037-01-30      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                         | Corp Financiera de Desarrollo SA                                                 | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |    200000 | PA      | $203055.00    | 0.03%             | 2030-05-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                            | Costa Rica Government International Bond                                         | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    200000 | PA      | $217000.00    | 0.03%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                      | Ivory Coast Government International Bond                                        | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $204721.16    | 0.03%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                      | Ivory Coast Government International Bond                                        | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $203217.42    | 0.03%             | 2036-04-01      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| Cotiviti Corporation                                             | Cotiviti Corporation 2024 Fixed Term Loan B                                      | CUSIP: 22164MAD9<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   2072259 | PA      | $1927200.87   | 0.25%             | 2031-05-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                                         | Cougar JV Subsidiary LLC                                                         | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    264000 | PA      | $272990.26    | 0.04%             | 2032-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                             | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    181000 | PA      | $169680.42    | 0.02%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                               | Credit Agricole SA                                                               | CUSIP: 225313AR6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $2954452.50   | 0.39%             | 2034-09-23      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                               | UBS AG/Stamford CT                                                               | CUSIP: 22550L2K6<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    900000 | PA      | $907916.84    | 0.12%             | 2027-07-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                                               | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $96267.00     | 0.01%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                                               | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108000 | PA      | $101622.65    | 0.01%             | 2032-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                               | Crown Americas LLC                                                               | CUSIP: 22819CAA6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    743000 | PA      | $742656.81    | 0.10%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CSTL Commercial Mortgage Trust                                   | CSTL Commercial Mortgage Trust 2026-GATE3                                        | CUSIP: 228920AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127000 | PA      | $124889.18    | 0.02%             | 2043-02-10      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| CSTL Commercial Mortgage Trust                                   | CSTL Commercial Mortgage Trust 2026-GATE3                                        | CUSIP: 228920AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $345710.79    | 0.05%             | 2043-02-10      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                           | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    125000 | PA      | $132409.38    | 0.02%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-OA16                                                 | CUSIP: 23242GAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2210051 | PA      | $2099403.57   | 0.27%             | 2046-10-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-J7                                                   | CUSIP: 23244FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2262593 | PA      | $2117244.91   | 0.28%             | 2046-11-20      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-OA18                                                 | CUSIP: 23244GAD4<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |   1169122 | PA      | $1069025.96   | 0.14%             | 2046-12-25      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-J8                                                   | CUSIP: 23245LAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1730799 | PA      | $636264.34    | 0.08%             | 2037-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Guaranteed Funding (DK) Limited                                  | DK Trust 2025-LXP                                                                | CUSIP: 23292LAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    188000 | PA      | $188000.00    | 0.02%             | 2037-08-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Guaranteed Funding (DK) Limited                                  | DK Trust 2025-LXP                                                                | CUSIP: 23292LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    202000 | PA      | $202000.00    | 0.03%             | 2037-08-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CYPRIUM CORP/CYPRIUM HOL                                         | Cyprium Corp / Cyprium Holdings Luxembourg Sarl                                  | CUSIP: 23292NAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    342000 | PA      | $337149.57    | 0.04%             | 2031-04-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                            | DB Master Finance LLC                                                            | CUSIP: 233046AU5<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    507728 | PA      | $502890.23    | 0.07%             | 2055-08-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC Mortgage Trust                                      | DBC 2025-DBC Mortgage Trust                                                      | CUSIP: 23306HAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1628000 | PA      | $1621898.09   | 0.21%             | 2042-11-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                         | Dana Inc                                                                         | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56763.13     | 0.01%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                         | Dana Inc                                                                         | CUSIP: 235825AJ5<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     98000 | PA      | $91453.91     | 0.01%             | 2032-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                          | Darling Ingredients Inc                                                          | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84586.99     | 0.01%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                       | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     86000 | PA      | $88100.70     | 0.01%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                       | DaVita Inc                                                                       | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49840.50     | 0.01%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                                     | DC Trust 2024-HLTN                                                               | CUSIP: 24022FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $218334.56    | 0.03%             | 2040-04-13      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| DBR LAND HOLDINGS LLC                                            | DBR Land Holdings LLC                                                            | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    283000 | PA      | $286534.67    | 0.04%             | 2030-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                             | Deephaven Residential Mortgage Trust 2025-INV1                                   | CUSIP: 24382EAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1233101 | PA      | $1229544.30   | 0.16%             | 2060-11-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                             | Deephaven Residential Mortgage Trust 2025-INV1                                   | CUSIP: 24382EAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1477398.90   | 0.19%             | 2060-11-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                           | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    397000 | PA      | $400282.00    | 0.05%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                                      | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176474.28    | 0.02%             | 2029-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                 | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    815000 | PA      | $844376.96    | 0.11%             | 2029-01-18      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| DIAMOND FRGN/DIAMOND FIN                                         | Diamond Foreign Asset Co / Diamond Finance LLC                                   | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    149000 | PA      | $157409.86    | 0.02%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                                         | Digicel International Finance Ltd / Difl US LLC                                  | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2867000 | PA      | $2909424.72   | 0.38%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                                          | Digital Realty Trust LP                                                          | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |    109000 | PA      | $115390.69    | 0.02%             | 2029-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing LLC                                            | DirecTV Financing LLC 2025 Term Loan B                                           | CUSIP: 25460HAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1105163 | PA      | $1104787.05   | 0.14%             | 2031-02-17      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                            | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    648000 | PA      | $647317.14    | 0.08%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                            | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    616000 | PA      | $628830.82    | 0.08%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                         | Discovery Communications LLC                                                     | CUSIP: 25470DBS7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    408000 | PA      | $399717.60    | 0.05%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2132607.15   | 0.28%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                    | DISH DBS Corp                                                                    | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1541663.32   | 0.20%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                    | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1201000 | PA      | $1161598.24   | 0.15%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Discovery Purchaser Corporation                                  | Discovery Purchaser Corporation Term Loan                                        | CUSIP: 25471NAC0<br>LEI: 2549001LSO1ZBIPA5D65 | Long             | LON              | CORP              | US        |    680411 | PA      | $668333.69    | 0.09%             | 2029-10-04      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                            | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    841000 | PA      | $839129.03    | 0.11%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                                         | Diversified Healthcare Trust                                                     | CUSIP: 25525PAE7<br>LEI: N/A                  | Long             | DBT              |  | US        |    182000 | PA      | $183563.93    | 0.02%             | 2030-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                               | Dominican Republic International Bond                                            | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    360000 | PA      | $342000.00    | 0.04%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                               | Dominican Republic International Bond                                            | CUSIP: 25714PET1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    300000 | PA      | $310200.00    | 0.04%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                               | Dominican Republic International Bond                                            | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    300000 | PA      | $305092.89    | 0.04%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                                           | RR Donnelley & Sons Co                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   1503000 | PA      | $1521342.61   | 0.20%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                          | Dream Finders Homes Inc                                                          | CUSIP: 26154DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    151000 | PA      | $153430.17    | 0.02%             | 2028-08-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                          | Dryden 37 Senior Loan Fund                                                       | CUSIP: 26249MAN7<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-CBDO         | CORP              | KY        |     28694 | PA      | $28693.79     | 0.00%             | 2031-01-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                          | Dryden 61 Clo Ltd                                                                | CUSIP: 26251CAY0<br>LEI: 549300JHVVT1NJ057H42 | Long             | ABS-CBDO         | CORP              | KY        |    595000 | PA      | $595001.13    | 0.08%             | 2032-01-17      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                 | Duke Energy Corp                                                                 | CUSIP: 26441CAP0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1280952.05   | 0.17%             | 2045-12-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                         | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 26873CAB8<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    235000 | PA      | $241687.16    | 0.03%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                         | EQT Corp                                                                         | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12969.59     | 0.00%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                         | Eagle Funding Luxco Sarl                                                         | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    500000 | PA      | $501250.00    | 0.07%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $1945.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $2367.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $14350.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $2073.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $1540.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                               | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | XX        |         1 | NC      | $-62.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $3261.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $1920.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $2224.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $2214.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $1535.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $4728.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $2225.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $4455.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $2172.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $1554.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | US        |         1 | NC      | $1420.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | US        |         1 | NC      | $3392.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | US        |         1 | NC      | $1297.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                              | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |         1 | NC      | $1912.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $3885.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                    | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $8054.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                              | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |         1 | NC      | $-115231.16   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                         | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    230000 | PA      | $230196.12    | 0.03%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                    | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   3124905 | PA      | $3155397.82   | 0.41%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                    | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1780215 | PA      | $1923078.62   | 0.25%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                     | Ecopetrol SA                                                                     | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    359000 | PA      | $378924.50    | 0.05%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| EFESTO BIDCO SPA/US LLC                                          | Efesto Bidco SpA Efesto US LLC                                                   | CUSIP: 28201XAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |   2400000 | PA      | $2387834.59   | 0.31%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ELDORADO INTL FIN GMBH                                           | Eldorado Intl. Finance GmbH                                                      | CUSIP: 284697AC3<br>LEI: 2549002HQE45WFK9EY03 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $200818.00    | 0.03%             | 2032-12-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                            | Element Solutions Inc                                                            | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |   2068000 | PA      | $2013472.63   | 0.26%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                            | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    794000 | PA      | $775550.46    | 0.10%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                         | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |   2843000 | PA      | $2891498.74   | 0.38%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                                          | Empire Communities Corp                                                          | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |     67000 | PA      | $67274.30     | 0.01%             | 2029-05-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PET                                         | Empresa Nacional del Petroleo                                                    | CUSIP: 29245JAP7<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $201730.00    | 0.03%             | 2034-07-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                     | Enbridge Inc                                                                     | CUSIP: 29250NAW5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1865000 | PA      | $1865729.74   | 0.24%             | 2078-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                     | Enbridge Inc                                                                     | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2994078.60   | 0.39%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer LP                                                               | CUSIP: 29273RBJ7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488527.14    | 0.06%             | 2045-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer LP                                                               | CUSIP: 29273RBL2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    350000 | PA      | $308833.01    | 0.04%             | 2047-04-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer LP                                                               | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4521000 | PA      | $4511927.94   | 0.59%             | 2026-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer LP                                                               | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    695000 | PA      | $727938.83    | 0.10%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Endo Luxembourg Finance Company I Sa rl                          | Endo Luxembourg Finance Company I Sa rl 2024 1st Lien Term Loan                  | CUSIP: 29280UAD5<br>LEI: 222100B15VY0VVCTG251 | Long             | LON              | CORP              | US        |    238276 | PA      | $236786.99    | 0.03%             | 2031-04-23      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| ENERFLEX INC                                                     | Enerflex Inc                                                                     | CUSIP: 29281WAA6<br>LEI: 549300SQCOV1LC1GBK07 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63303.52     | 0.01%             | 2031-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENPRO INC                                                        | Enpro Inc                                                                        | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    219000 | PA      | $221511.05    | 0.03%             | 2033-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ERO COPPER CORP                                                  | ERO Copper Corp                                                                  | CUSIP: 296006AA7<br>LEI: 549300KL8A21SEIO8I47 | Long             | DBT              | CORP              | CA        |    616000 | PA      | $609772.24    | 0.08%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                        | Esab Corp                                                                        | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    138000 | PA      | $140056.06    | 0.02%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                        | Esab Corp                                                                        | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1112746.05   | 0.15%             | 2031-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                                         | SK Invictus Intermediate II Sarl                                                 | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    986000 | PA      | $961713.93    | 0.13%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                      | Extended Stay America Trust 2025-ESH                                             | CUSIP: 30227TAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1752187.50   | 0.23%             | 2042-10-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                                         | FMC Corp                                                                         | CUSIP: 302491AU9<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    324000 | PA      | $289411.35    | 0.04%             | 2029-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                                         | FMC Corp                                                                         | CUSIP: 302491AV7<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |     90000 | PA      | $55693.67     | 0.01%             | 2049-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                                         | FMC Corp                                                                         | CUSIP: 302491AY1<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |     64000 | PA      | $48221.74     | 0.01%             | 2053-05-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                  | Fair Isaac Corp                                                                  | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    112000 | PA      | $108687.59    | 0.01%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                  | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1202000 | PA      | $1179428.12   | 0.15%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FS Trust                                                         | FS 2026-ORL                                                                      | CUSIP: 30343YAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    501000 | PA      | $500060.63    | 0.07%             | 2041-02-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| FS Trust                                                         | FS 2026-ORL                                                                      | CUSIP: 30343YAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $224632.19    | 0.03%             | 2041-02-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMWU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1668041 | PA      | $1600420.45   | 0.21%             | 2032-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Gold Pool                                                            | CUSIP: 3128P8H20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2584866 | PA      | $2528736.93   | 0.33%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                 | CUSIP: 3131XCLZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    463423 | PA      | $446557.63    | 0.06%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                 | CUSIP: 3132D55W8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5465119 | PA      | $5041816.97   | 0.66%             | 2035-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                 | CUSIP: 3132D6AF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    323861 | PA      | $291843.17    | 0.04%             | 2036-06-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                 | CUSIP: 3132DSLS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4312837 | PA      | $4180246.36   | 0.55%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                 | CUSIP: 3132DTZH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6639816 | PA      | $6263538.76   | 0.82%             | 2042-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                 | CUSIP: 3133KY4C0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8272976 | PA      | $8230976.38   | 1.08%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                 | CUSIP: 3133KYXJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2425302 | PA      | $2304369.74   | 0.30%             | 2042-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae REMICS                                                                | CUSIP: 3136BUXZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    130547 | PA      | $131693.74    | 0.02%             | 2055-02-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae REMICS                                                                | CUSIP: 3136BVN46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    169612 | PA      | $171784.79    | 0.02%             | 2055-05-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae REMICS                                                                | CUSIP: 3136BXGK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3273409 | PA      | $3248413.76   | 0.43%             | 2055-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                               | CUSIP: 3137H0RH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4427577 | PA      | $814481.18    | 0.11%             | 2051-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                               | CUSIP: 3137H6V44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1340000 | PA      | $1010615.14   | 0.13%             | 2052-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                               | CUSIP: 3137HHJ85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    484762 | PA      | $487854.83    | 0.06%             | 2054-11-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 3140J9V73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5018804 | PA      | $4951402.72   | 0.65%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 3140QBB23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6083422 | PA      | $5662272.74   | 0.74%             | 2049-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 3140QHUA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1013114 | PA      | $966897.15    | 0.13%             | 2031-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 3140QVB52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4567098 | PA      | $4599211.47   | 0.60%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 3140W25M9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7502768 | PA      | $7547583.17   | 0.99%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 3140XN2W3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3378438 | PA      | $3541358.38   | 0.46%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 3140XPPA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  23338294 | PA      | $22349495.04  | 2.92%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 3140XQWJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1461278 | PA      | $1473120.94   | 0.19%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 3140Y7ZM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  23718275 | PA      | $23956984.42  | 3.13%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                  | CUSIP: 31418DVW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5157840 | PA      | $4659017.12   | 0.61%             | 2036-01-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                 | CUSIP: 31427NKN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7656071 | PA      | $7728311.99   | 1.01%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                 | CUSIP: 31427PHV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7639837 | PA      | $7742995.92   | 1.01%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                                       | FedEx Corp                                                                       | CUSIP: 31428XBA3<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    500000 | PA      | $457345.86    | 0.06%             | 2035-02-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                                       | FedEx Corp                                                                       | CUSIP: 31428XBN5<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    500000 | PA      | $389118.30    | 0.05%             | 2047-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                         | Ferrellgas LP / Ferrellgas Finance Corp                                          | CUSIP: 315292AU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $276114.10    | 0.04%             | 2031-01-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                           | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    412000 | PA      | $393759.61    | 0.05%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                           | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    172000 | PA      | $160657.01    | 0.02%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                               | Ellington Financial Mortgage Trust 2021-2                                        | CUSIP: 31572LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    154540 | PA      | $131607.28    | 0.02%             | 2066-06-25      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                               | Ellington Financial Mortgage Trust 2020-1                                        | CUSIP: 31574PAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $494469.15    | 0.06%             | 2065-05-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Consolidated Communications LLC, Fidium Fiber Finance Holdco LLC | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC                  | CUSIP: 315961AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $752877.45    | 0.10%             | 2055-12-20      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                             | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25451.58     | 0.00%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                             | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    117000 | PA      | $119161.11    | 0.02%             | 2032-09-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                         | First Quantum Minerals Ltd                                                       | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    265000 | PA      | $273790.05    | 0.04%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                         | First Quantum Minerals Ltd                                                       | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    253000 | PA      | $256142.26    | 0.03%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                         | First Quantum Minerals Ltd                                                       | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1284000 | PA      | $1228537.62   | 0.16%             | 2036-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| firstkey homes 2020-sfr1 trust                                   | FirstKey Homes 2022-SFR1 Trust                                                   | CUSIP: 33768NAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3800000 | PA      | $3755303.26   | 0.49%             | 2039-05-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                                 | FirstEnergy Corp                                                                 | CUSIP: 337932AM9<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $2268664.75   | 0.30%             | 2050-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING CO                                          | Five Point Operating Co LP                                                       | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $344188.15    | 0.05%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                          | Flagstar Mortgage Trust 2021-4                                                   | CUSIP: 33852FAA4<br>LEI: 549300H3PON1KOB2RF56 | Long             | ABS-MBS          | CORP              | US        |   1828703 | PA      | $1525666.79   | 0.20%             | 2051-06-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FLASH COMPUTE LLC                                                | Flash Compute LLC                                                                | CUSIP: 33853QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1906000 | PA      | $1918943.65   | 0.25%             | 2030-12-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                                         | Focus Financial Partners LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297943.93    | 0.04%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                         | Ford Motor Credit Co LLC                                                         | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1252943.00   | 0.16%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    652000 | PA      | $651769.65    | 0.09%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   1366000 | PA      | $1426370.37   | 0.19%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $2065636.95   | 0.27%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   1041000 | PA      | $1067145.76   | 0.14%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    582000 | PA      | $569422.11    | 0.07%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                             | Fortrea Holdings Inc                                                             | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |     98000 | PA      | $92874.60     | 0.01%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc                                     | Fortress Intermediate 3 Inc 2025 Term Loan B                                     | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |    147926 | PA      | $146631.35    | 0.02%             | 2031-06-27      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| FORTRESS INTERMEDIATE                                            | Fortress Intermediate 3 Inc                                                      | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |   1178000 | PA      | $1170753.53   | 0.15%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                            | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    551000 | PA      | $560091.50    | 0.07%             | 2031-05-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                            | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122961.79    | 0.02%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                            | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     88000 | PA      | $82271.91     | 0.01%             | 2031-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fremont Home Loan Trust                                          | Fremont Home Loan Trust 2006-A                                                   | CUSIP: 35729RAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3706583 | PA      | $2430802.95   | 0.32%             | 2036-05-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| Fremont Home Loan Trust                                          | Fremont Home Loan Trust 2006-D                                                   | CUSIP: 35729VAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5704265 | PA      | $1971495.96   | 0.26%             | 2036-11-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                          | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   1139000 | PA      | $1138821.52   | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                          | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    151000 | PA      | $151188.90    | 0.02%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                          | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAA8<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    241056 | PA      | $242502.09    | 0.03%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                          | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAB6<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    319000 | PA      | $320908.26    | 0.04%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                          | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAD2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   1528000 | PA      | $1567859.41   | 0.21%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GCAT                                                             | GCAT 2022-NQM3 Trust                                                             | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    799053 | PA      | $796317.66    | 0.10%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                            | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    567000 | PA      | $551192.66    | 0.07%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                            | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    519000 | PA      | $504946.99    | 0.07%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                            | GFL Environmental Inc                                                            | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    444000 | PA      | $459463.34    | 0.06%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                 | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    177000 | PA      | $183700.69    | 0.02%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                 | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    341000 | PA      | $348585.55    | 0.05%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                 | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    281000 | PA      | $279946.25    | 0.04%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae II Pool                                                               | CUSIP: 3618LRJV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    139217 | PA      | $144177.20    | 0.02%             | 2055-11-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae II Pool                                                               | CUSIP: 3618LRJX2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    397055 | PA      | $405526.03    | 0.05%             | 2055-11-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae II Pool                                                               | CUSIP: 3618LRJY0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    181654 | PA      | $190642.96    | 0.02%             | 2055-11-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae II Pool                                                               | CUSIP: 3618NJDT3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     97426 | PA      | $100032.01    | 0.01%             | 2055-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae II Pool                                                               | CUSIP: 3618NJDU0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    161608 | PA      | $165140.84    | 0.02%             | 2055-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae II Pool                                                               | CUSIP: 3618NJDW6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    169495 | PA      | $175636.68    | 0.02%             | 2055-07-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                     | GS Mortgage Securities Corp Trust 2023-FUN                                       | CUSIP: 36267CAC9<br>LEI: 5493001UQE7OCP3UT106 | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $551718.75    | 0.07%             | 2028-03-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                              | GS Mortgage-Backed Securities Trust 2025-NQM5                                    | CUSIP: 36273GAA6<br>LEI: 254900MQ3DUBXKU1DC81 | Long             | ABS-MBS          | CORP              | US        |    329511 | PA      | $327739.76    | 0.04%             | 2065-07-25      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                              | GS Mortgage-Backed Securities Trust 2025-NQM5                                    | CUSIP: 36273GAD0<br>LEI: 254900MQ3DUBXKU1DC81 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1484029.20   | 0.19%             | 2065-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL HOL                                            | GFL Environmental Holdings US Inc                                                | CUSIP: 36273TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    758000 | PA      | $743443.29    | 0.10%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                     | GS Mortgage Securities Corp Trust 2025-800D                                      | CUSIP: 36273XAA9<br>LEI: 5493001UQE7OCP3UT106 | Long             | ABS-MBS          | CORP              | US        |    483000 | PA      | $482490.72    | 0.06%             | 2041-11-25      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                     | GS Mortgage Securities Corp Trust 2025-800D                                      | CUSIP: 36273XAJ0<br>LEI: 5493001UQE7OCP3UT106 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $498808.25    | 0.07%             | 2041-11-25      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                              | GS Mortgage-Backed Securities Trust 2025-DSC2                                    | CUSIP: 36275JAF7<br>LEI: 254900Y4XCLF0D6VBG48 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1486053.90   | 0.19%             | 2066-01-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| Galaxy US Opco Inc                                               | Galaxy US Opco Inc Term Loan                                                     | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    326083 | PA      | $280082.52    | 0.04%             | 2030-07-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                             | Garda World Security Corp                                                        | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     86000 | PA      | $81856.90     | 0.01%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                             | Garda World Security Corp                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    474000 | PA      | $482184.56    | 0.06%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                             | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1288000 | PA      | $1274519.53   | 0.17%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                             | Garda World Security Corp                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   3558000 | PA      | $3560415.88   | 0.47%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                                            | Neogen Food Safety Corp                                                          | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    233000 | PA      | $244725.49    | 0.03%             | 2030-07-20      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL                                          | Garrett Motion Holdings Inc / Garrett LX I Sarl                                  | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    151000 | PA      | $156349.18    | 0.02%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                             | Gates Corp/DE                                                                    | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    344000 | PA      | $352957.42    | 0.05%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GCAT                                                             | GCAT 2024-INV4 Trust                                                             | CUSIP: 367919AB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    751795 | PA      | $750846.89    | 0.10%             | 2054-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                                             | GCAT 2025-NQM6 Trust                                                             | CUSIP: 36831QAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    414572 | PA      | $411866.49    | 0.05%             | 2070-10-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                | General Motors Co                                                                | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   2194000 | PA      | $2154548.81   | 0.28%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                                            | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    568000 | PA      | $574787.60    | 0.08%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                            | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     87000 | PA      | $89896.40     | 0.01%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                            | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    892000 | PA      | $887785.84    | 0.12%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FIN                                            | GENMAB A/S/GENMAB FINANCE LLC                                                    | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |    290000 | PA      | $297317.28    | 0.04%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FIN                                            | GENMAB A/S/GENMAB FINANCE LLC                                                    | CUSIP: 37230JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |    711000 | PA      | $744225.74    | 0.10%             | 2033-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                 | Getty Images Inc                                                                 | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    243000 | PA      | $218843.37    | 0.03%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                 | Getty Images Inc                                                                 | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    185000 | PA      | $165911.59    | 0.02%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                              | Gilead Sciences Inc                                                              | CUSIP: 375558BK8<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    700000 | PA      | $566304.74    | 0.07%             | 2047-03-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                             | Glencore Funding LLC                                                             | CUSIP: 378272CB2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    600000 | PA      | $603498.34    | 0.08%             | 2055-04-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                          | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $171387.71    | 0.02%             | 2033-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                                          | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    469000 | PA      | $475894.30    | 0.06%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                                  | Goat Holdco LLC                                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    279000 | PA      | $280709.99    | 0.04%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                      | CUSIP: 38122ND58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $792242.40    | 0.10%             | 2041-06-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO1, LTD                          | Goldentree Loan Management US Clo 11 Ltd                                         | CUSIP: 38138KAL4<br>LEI: 549300TMEEKUOKVHYV65 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249493.68    | 0.03%             | 2034-10-20      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2609922.50   | 0.34%             | 2029-02-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | Goldman Sachs Group Inc/The                                                      | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1955344.34   | 0.26%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                        | GoodLeap Home Improvement Solutions Trust 2025-1                                 | CUSIP: 38237EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    172117 | PA      | $175065.18    | 0.02%             | 2049-02-20      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                        | GoodLeap Home Improvement Solutions Trust 2025-3                                 | CUSIP: 38237FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    118208 | PA      | $117681.96    | 0.02%             | 2049-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                           | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     81000 | PA      | $76651.25     | 0.01%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                           | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220022.89    | 0.03%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                         | CUSIP: 38380HHT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    423101 | PA      | $404726.61    | 0.05%             | 2047-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                         | CUSIP: 38382BBF9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8370645 | PA      | $1541900.48   | 0.20%             | 2049-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                         | CUSIP: 38382J3Q7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5516608 | PA      | $802500.99    | 0.10%             | 2050-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                         | CUSIP: 38383CS84<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4027678 | PA      | $829898.58    | 0.11%             | 2047-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                                         | GrafTech Global Enterprises Inc                                                  | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $108578.37    | 0.01%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                           | Gran Tierra Energy Inc                                                           | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |    200000 | PA      | $170000.00    | 0.02%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                   | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    103000 | PA      | $109453.00    | 0.01%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                   | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    824000 | PA      | $823947.68    | 0.11%             | 2032-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                   | Gray Media Inc                                                                   | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1046000 | PA      | $1054023.87   | 0.14%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                                            | Gray Television Inc 2021 Term Loan D                                             | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    145344 | PA      | $145243.61    | 0.02%             | 2028-12-01      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                                              | Gray Television Inc 2024 Term Loan B                                             | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |      1242 | PA      | $1240.04      | 0.00%             | 2029-06-04      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                                          | Great Canadian Gaming Corp/Raptor LLC                                            | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |    962000 | PA      | $938533.45    | 0.12%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                           | GreenSky Home Improvement Issuer Trust 2024-2                                    | CUSIP: 39571XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86083 | PA      | $86484.36     | 0.01%             | 2059-10-27      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                           | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    114000 | PA      | $114764.71    | 0.02%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                            | Guatemala Government Bond                                                        | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $209340.00    | 0.03%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                            | Guatemala Government Bond                                                        | CUSIP: 401494AX7<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    400000 | PA      | $428000.00    | 0.06%             | 2032-10-04      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                            | Guatemala Government Bond                                                        | CUSIP: 401494BA6<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $203350.00    | 0.03%             | 2036-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                                          | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    242000 | PA      | $247498.24    | 0.03%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                                   | HB Fuller Co                                                                     | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86911.79     | 0.01%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                          | HCA Inc                                                                          | CUSIP: 404119DH9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1534899.18   | 0.20%             | 2055-11-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC Holdings PLC                                                                | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $228943.93    | 0.03%             | 2027-05-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC Holdings PLC                                                                | CUSIP: 404280CQ0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    465000 | PA      | $423562.87    | 0.06%             | 2031-03-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                  | HOMES 2025-NQM3 Trust                                                            | CUSIP: 40446GAC6<br>LEI: 2549001JI3VOZZFMYK81 | Long             | ABS-MBS          | CORP              | US        |   1084504 | PA      | $1089836.83   | 0.14%             | 2070-02-25      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                         | HAH Group Holding Co LLC                                                         | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $175212.88    | 0.02%             | 2031-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                           | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    147000 | PA      | $149833.43    | 0.02%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                                | Jordan Government International Bond                                             | CUSIP: 41809JAB1<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    200000 | PA      | $205637.00    | 0.03%             | 2029-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                                 | HealthEquity Inc                                                                 | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    559000 | PA      | $540825.18    | 0.07%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172792.59    | 0.02%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    689000 | PA      | $706479.24    | 0.09%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    788000 | PA      | $807496.70    | 0.11%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | Herc Holdings Inc                                                                | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    242000 | PA      | $238337.81    | 0.03%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | Herc Holdings Inc                                                                | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241687.20    | 0.03%             | 2034-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                               | Herens Holdco Sarl                                                               | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    271000 | PA      | $227748.40    | 0.03%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                                         | Hertz Corporation (The) 2021 Term Loan B                                         | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    162582 | PA      | $119903.91    | 0.02%             | 2028-06-30      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                                         | Hertz Corporation (The) 2021 Term Loan C                                         | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |     32256 | PA      | $23788.69     | 0.00%             | 2028-06-30      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                                        | Hess Corp                                                                        | CUSIP: 42809HAG2<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750435.20    | 0.10%             | 2027-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                         | Hess Midstream Operations LP                                                     | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    151000 | PA      | $145101.53    | 0.02%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                         | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365000 | PA      | $372856.68    | 0.05%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    188000 | PA      | $188376.75    | 0.02%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    206000 | PA      | $203118.39    | 0.03%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $27254.19     | 0.00%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $20324.40     | 0.00%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    603000 | PA      | $629129.20    | 0.08%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    574000 | PA      | $560792.32    | 0.07%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107000 | PA      | $106669.85    | 0.01%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                         | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    195000 | PA      | $197925.59    | 0.03%             | 2032-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                         | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    571000 | PA      | $574485.96    | 0.08%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                         | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    185000 | PA      | $184164.73    | 0.02%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                         | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AT8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    397000 | PA      | $387859.83    | 0.05%             | 2034-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                                      | Hologic Inc                                                                      | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21961.78     | 0.00%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| IndyMac Residential Asset Backed Trust                           | Home Equity Mortgage Loan Asset-Backed Trust Series INABS 2006-E                 | CUSIP: 43709XAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2835912 | PA      | $1995096.52   | 0.26%             | 2037-04-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                  | Homes 2024-Nqm2 Trust                                                            | CUSIP: 43761CAA0<br>LEI: 254900MQRASV1D1NGZ28 | Long             | ABS-MBS          | CORP              | US        |    450186 | PA      | $452280.34    | 0.06%             | 2069-10-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                  | HOMES 2025-NQM5 Trust                                                            | CUSIP: 43762CAF8<br>LEI: 2549001JI3VOZZFMYK81 | Long             | ABS-MBS          | CORP              | US        |    731429 | PA      | $725188.52    | 0.09%             | 2070-09-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                               | Howard Hughes Corp/The                                                           | CUSIP: 44267DAG2<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    231000 | PA      | $222288.02    | 0.03%             | 2032-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                               | Howard Hughes Corp/The                                                           | CUSIP: 44267DAH0<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    231000 | PA      | $221836.21    | 0.03%             | 2034-03-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                          | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    152000 | PA      | $157175.14    | 0.02%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                          | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    578000 | PA      | $580197.56    | 0.08%             | 2034-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                         | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1789000 | PA      | $1676203.19   | 0.22%             | 2032-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                         | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2495000 | PA      | $2516010.40   | 0.33%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   4771000 | PA      | $4887431.48   | 0.64%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB International Ltd                                                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   7726000 | PA      | $7880234.14   | 1.03%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                          | Hungary Government International Bond                                            | CUSIP: 445545AP1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $200395.00    | 0.03%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                          | Hungary Government International Bond                                            | CUSIP: 445545AU0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $194500.00    | 0.03%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                          | Hungary Government International Bond                                            | CUSIP: 445545AX4<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $203316.00    | 0.03%             | 2055-09-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                  | IHS Holding Ltd                                                                  | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $198032.00    | 0.03%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                                | Iliad Holding SAS                                                                | CUSIP: 449691AF1<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    850000 | PA      | $889366.05    | 0.12%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                                | Iliad Holding SAS                                                                | CUSIP: 449691AG9<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    944000 | PA      | $945130.91    | 0.12%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                                 | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   1461000 | PA      | $1420586.11   | 0.19%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   1367000 | PA      | $1339533.42   | 0.18%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CC9<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    158000 | PA      | $134830.94    | 0.02%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    219000 | PA      | $215310.38    | 0.03%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    323000 | PA      | $318202.87    | 0.04%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| State of Illinois                                                | ILLINOIS ST                                                                      | CUSIP: 452151LF8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    698039 | PA      | $711028.47    | 0.09%             | 2033-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                          | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    313000 | PA      | $317641.48    | 0.04%             | 2032-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                          | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    766000 | PA      | $765807.96    | 0.10%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                          | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182945.00    | 0.02%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                          | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAH6<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141050.00    | 0.02%             | 2029-07-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                          | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAJ2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    148000 | PA      | $158360.00    | 0.02%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| INFINITY NATURAL RESOURC                                         | Infinity Natural Resources LLC                                                   | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |    346000 | PA      | $347826.88    | 0.05%             | 2031-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU                                         | Installed Building Products Inc                                                  | CUSIP: 45780RAB7<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    355000 | PA      | $346407.58    | 0.05%             | 2034-02-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                                              | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    187000 | PA      | $190871.27    | 0.02%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                         | Olympus Water US Holding Corp                                                    | CUSIP: 46150DAA0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1442770.25   | 0.19%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US                                          | ION Platform Finance US Inc                                                      | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |    785000 | PA      | $607610.22    | 0.08%             | 2032-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ION PLAT FIN US/SARL                                             | ION Platform Finance US Inc / ION Platform Finance SARL                          | CUSIP: 46206AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $113767.19    | 0.01%             | 2028-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ION PLAT FIN US/SARL                                             | ION Platform Finance US Inc / ION Platform Finance SARL                          | CUSIP: 46206AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217000 | PA      | $201800.29    | 0.03%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ION PLAT FIN US/SARL                                             | ION Platform Finance US Inc / ION Platform Finance SARL                          | CUSIP: 46206AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    668000 | PA      | $623943.46    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                        | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1238899.02   | 0.16%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     31000 | PA      | $30118.27     | 0.00%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     89000 | PA      | $86398.62     | 0.01%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    403000 | PA      | $401711.33    | 0.05%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                                          | Iron Mountain Information Management Services Inc                                | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    266000 | PA      | $251120.23    | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust 2025-VIS3                                               | CUSIP: 46594EAC8<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   1916732 | PA      | $1908020.24   | 0.25%             | 2066-02-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2016-NINE                 | CUSIP: 46646GAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275000 | PA      | $272606.54    | 0.04%             | 2038-09-06      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                              | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2213640.63   | 0.29%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                              | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3042590.67   | 0.40%             | 2030-07-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | J.P. Morgan Mortgage Trust 2022-DSC1                                             | CUSIP: 46656AAA5<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    385697 | PA      | $379514.74    | 0.05%             | 2063-01-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | J.P. Morgan Mortgage Trust 2023-DSC1                                             | CUSIP: 46656NAA7<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    251034 | PA      | $244151.33    | 0.03%             | 2063-07-25      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                           | JW Commercial Mortgage Trust 2024-MRCO                                           | CUSIP: 46657XAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $800000.00    | 0.10%             | 2039-06-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust 2024-INV1                                               | CUSIP: 46658PAB8<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   1306253 | PA      | $1301340.26   | 0.17%             | 2055-04-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust Series 2025-NQM4                                        | CUSIP: 46660HAD8<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   2230619 | PA      | $2221295.86   | 0.29%             | 2066-03-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                          | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $103833.31    | 0.01%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                          | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    366000 | PA      | $371331.89    | 0.05%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JELD-WEN INC                                                     | JELD-WEN Inc                                                                     | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    331000 | PA      | $224428.69    | 0.03%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JELDWEN HOLDING                                                  | JELD-WEN Holding Inc                                                             | CUSIP: 47580PAA1<br>LEI: 529900AXX7CT9GZSCS30 | Long             | DBT              | CORP              | US        |     97000 | PA      | $45222.71     | 0.01%             | 2032-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                          | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    460000 | PA      | $434726.84    | 0.06%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                         | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    903000 | PA      | $917834.48    | 0.12%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                         | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    873000 | PA      | $798637.57    | 0.10%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                              | CUSIP: 48123KAE6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    358000 | PA      | $329090.99    | 0.04%             | 2037-02-02      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                              | CUSIP: 48128BAH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4005048.00   | 0.52%             | 2026-07-01      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Jupiter Buyer, Inc.                                              | Jupiter Buyer Inc 2024 Term Loan B                                               | CUSIP: 48205CAC9<br>LEI: 254900FACU3AJQKAQ270 | Long             | LON              | CORP              | US        |     91095 | PA      | $91038.14     | 0.01%             | 2031-11-01      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| KBR INC                                                          | KBR Inc                                                                          | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |    204000 | PA      | $199476.30    | 0.03%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                          | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    860000 | PA      | $850269.10    | 0.11%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                          | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    651000 | PA      | $643768.95    | 0.08%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                             | Kaiser Aluminum Corp                                                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1209000 | PA      | $1142186.67   | 0.15%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                             | Kaiser Aluminum Corp                                                             | CUSIP: 483007AM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1483000 | PA      | $1456110.24   | 0.19%             | 2034-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Kaman Corporation                                                | Kaman Corporation 2025 Term Loan B                                               | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |    233964 | PA      | $233919.29    | 0.03%             | 2032-02-26      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                                         | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc            | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    214000 | PA      | $222784.70    | 0.03%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                                | Republic of Kenya Government International Bond                                  | CUSIP: 491798AM6<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    200000 | PA      | $205190.00    | 0.03%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                               | Caturus Energy LLC                                                               | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1271078.38   | 0.17%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                              | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     76000 | PA      | $77286.15     | 0.01%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ADVANCION SCIENCES INC                                           | Advancion Sciences Inc                                                           | CUSIP: 499894AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    423724 | PA      | $344275.75    | 0.05%             | 2026-11-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    685000 | PA      | $709697.68    | 0.09%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    447000 | PA      | $451828.49    | 0.06%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   1169000 | PA      | $1187601.13   | 0.16%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    846000 | PA      | $850189.70    | 0.11%             | 2031-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND                                             | Kyrgyz Republic International Bond                                               | CUSIP: 50158LAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |    200000 | PA      | $199408.00    | 0.03%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LABL Inc                                                         | LABL Inc 2021 USD 1st Lien Term Loan                                             | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    466533 | PA      | $211493.33    | 0.03%             | 2028-10-30      | Floating      | 8.77%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                         | LABL Inc                                                                         | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |     91000 | PA      | $43680.00     | 0.01%             | 2028-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                         | LABL Inc                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    632000 | PA      | $303360.00    | 0.04%             | 2028-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                         | LABL Inc                                                                         | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    310000 | PA      | $148800.00    | 0.02%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                              | LBM Acquisition LLC 2024 Incremental Term Loan B                                 | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    469000 | PA      | $373971.22    | 0.05%             | 2031-06-06      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                    | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    116000 | PA      | $118683.31    | 0.02%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                    | LGI Homes Inc                                                                    | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    291000 | PA      | $269823.14    | 0.04%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                         | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    173000 | PA      | $168347.40    | 0.02%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                         | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    235000 | PA      | $244105.08    | 0.03%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LEX Trust                                                        | LEX Trust 2026-450                                                               | CUSIP: 501970AC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $893804.85    | 0.12%             | 2043-03-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| LEX Trust                                                        | LEX Trust 2026-450                                                               | CUSIP: 501970AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105000 | PA      | $103980.32    | 0.01%             | 2043-03-15      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                          | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    580000 | PA      | $386967.68    | 0.05%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LD CELULOSE INTERNATIONA                                         | LD Celulose International GmbH                                                   | CUSIP: 50206BAA0<br>LEI: 529900EHUSQJVOTP9J45 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $205595.00    | 0.03%             | 2032-01-26      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| LQR Trust                                                        | LQR Trust 2025-CALI                                                              | CUSIP: 50216WAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    437000 | PA      | $436995.31    | 0.06%             | 2043-01-15      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco LLC                              | LSF12 Crown US Commercial Bidco LLC 2026 Term Loan B                             | CUSIP: 50221UAE1<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |    358582 | PA      | $358582.41    | 0.05%             | 2031-12-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                 | Lamar Media Corp                                                                 | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     53000 | PA      | $50574.88     | 0.01%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                 | Lamar Media Corp                                                                 | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    317000 | PA      | $310255.44    | 0.04%             | 2033-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                                  | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    368000 | PA      | $350353.22    | 0.05%             | 2030-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                                  | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    516000 | PA      | $479339.34    | 0.06%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                          | Crescent Energy Finance LLC                                                      | CUSIP: 516806AK2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    487000 | PA      | $497546.96    | 0.07%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF LATVIA                                               | Latvia Government International Bond                                             | CUSIP: 518417AD2<br>LEI: 25490002QDEB2KTLNK39 | Long             | DBT              | NUSS              | LV        |    400000 | PA      | $400500.00    | 0.05%             | 2034-07-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                            | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     83000 | PA      | $77812.50     | 0.01%             | 2029-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                            | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3975167 | PA      | $4047996.59   | 0.53%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                            | Level 3 Financing Inc                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $4043164.27   | 0.53%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                            | Level 3 Financing Inc                                                            | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3611135 | PA      | $3767900.55   | 0.49%             | 2036-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc                                            | Level 3 Financing Inc 2025 Repriced Term Loan B4                                 | CUSIP: 52729KAU0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |   1480000 | PA      | $1478460.80   | 0.19%             | 2032-03-29      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                                                | Levi Strauss & Co                                                                | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |     21000 | PA      | $19228.23     | 0.00%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SR SF                                         | Liberty Costa Rica Senior Secured Finance                                        | CUSIP: 530371AA1<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $210500.00    | 0.03%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                          | Light & Wonder International Inc                                                 | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112893.00    | 0.01%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                          | Light & Wonder International Inc                                                 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    268000 | PA      | $262556.92    | 0.03%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                             | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    193000 | PA      | $204099.82    | 0.03%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                             | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   1038000 | PA      | $1116337.86   | 0.15%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                             | LifePoint Health Inc                                                             | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    961000 | PA      | $981402.25    | 0.13%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                             | LifePoint Health Inc                                                             | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    624000 | PA      | $666383.33    | 0.09%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                              | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    126000 | PA      | $130974.20    | 0.02%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                                         | Lima Metro Line 2 Finance Ltd                                                    | CUSIP: 532522AA7<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |   1491184 | PA      | $1520276.98   | 0.20%             | 2034-07-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                                         | Lindblad Expeditions LLC                                                         | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    439000 | PA      | $448215.05    | 0.06%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOL 1                                         | Starz Capital Holdings 1 Inc                                                     | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    303000 | PA      | $278002.50    | 0.04%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                                | Lithia Motors Inc                                                                | CUSIP: 536797AJ2<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    237000 | PA      | $232243.49    | 0.03%             | 2030-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                         | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    412000 | PA      | $409439.13    | 0.05%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                         | Lloyds Banking Group PLC                                                         | CUSIP: 53944YAJ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    515000 | PA      | $517181.03    | 0.07%             | 2026-06-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                             | Lockheed Martin Corp                                                             | CUSIP: 539830BX6<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    451000 | PA      | $450283.11    | 0.06%             | 2054-11-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                   | Long Beach Mortgage Loan Trust 2006-7                                            | CUSIP: 54251TAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4581559 | PA      | $1795285.44   | 0.23%             | 2036-08-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                   | Lowe's Cos Inc                                                                   | CUSIP: 548661EE3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    400000 | PA      | $281677.60    | 0.04%             | 2041-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| LSF12 HELIX PARENT LLC                                           | Lsf12 Helix Parent LLC                                                           | CUSIP: 548916AA3<br>LEI: 254900H70V4IL22BHL88 | Long             | DBT              | CORP              | US        |    802000 | PA      | $771849.69    | 0.10%             | 2033-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| LSF12 HELIX PARENT LLC                                           | LSF12 Helix Parent LLC USD Term Loan B                                           | CUSIP: 54913EAB8<br>LEI: 254900H70V4IL22BHL88 | Long             | LON              | CORP              | US        |    362605 | PA      | $357347.12    | 0.05%             | 2033-02-10      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) LP                                  | Lyra Music Assets Delaware LP                                                    | CUSIP: 552339AD5<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |    183380 | PA      | $184482.46    | 0.02%             | 2065-09-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                       | MFA 2021-NQM1 Trust                                                              | CUSIP: 55283FAD0<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1772108.60   | 0.23%             | 2065-04-25      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                      | MF1 2021-W10X                                                                    | CUSIP: 55284DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $517837.37    | 0.07%             | 2034-12-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                                | MDGH GMTN RSC Ltd                                                                | CUSIP: 55285GAD6<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $189102.00    | 0.02%             | 2033-11-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                       | MFA 2023-NQM3 Trust                                                              | CUSIP: 55286MAA8<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |    984899 | PA      | $986883.44    | 0.13%             | 2068-07-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                                 | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    428000 | PA      | $430535.90    | 0.06%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                                           | MGM China Holdings Ltd                                                           | CUSIP: 55300RAJ0<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $204100.00    | 0.03%             | 2031-06-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MLTI Trust                                                       | MLTI Trust 2026-SF75                                                             | CUSIP: 55318JAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $149159.39    | 0.02%             | 2031-03-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                          | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |   1693000 | PA      | $1716383.72   | 0.22%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                  | Madison IAQ LLC                                                                  | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    320000 | PA      | $312509.89    | 0.04%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                  | Madison IAQ LLC                                                                  | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1137565.14   | 0.15%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                         | Madison Park Funding XXXVII Ltd                                                  | CUSIP: 55817EAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    875000 | PA      | $875219.71    | 0.11%             | 2037-04-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Madison Park XLIV                                                | Atrium XV                                                                        | CUSIP: 55820LAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $531277.78    | 0.07%             | 2037-07-16      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                         | Madison Park Funding XXX LTD                                                     | CUSIP: 55821TAQ0<br>LEI: 549300FFTJ3WPTJK8589 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300345.36    | 0.04%             | 2037-07-16      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                         | Madison Park Funding LIX Ltd                                                     | CUSIP: 55822EAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1450000 | PA      | $1450634.52   | 0.19%             | 2037-04-18      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| DISCOVERY HOLDINGS INC                                           | Discovery Global Holdings Inc                                                    | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    595000 | PA      | $526575.00    | 0.07%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| DISCOVERY HOLDINGS INC                                           | Discovery Global Holdings Inc                                                    | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1162792.10   | 0.15%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                                         | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp               | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $195537.93    | 0.03%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MAIN Trust                                                       | MAIN Trust 2026-OLAS                                                             | CUSIP: 56036BAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195000 | PA      | $194997.74    | 0.03%             | 2041-01-15      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| MAIN Trust                                                       | MAIN Trust 2026-OLAS                                                             | CUSIP: 56036BAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    235000 | PA      | $234996.55    | 0.03%             | 2041-01-15      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                                         | MajorDrive Holdings IV LLC                                                       | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    352000 | PA      | $260362.12    | 0.03%             | 2029-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MajorDrive Holdings IV LLC                                       | MajorDrive Holdings IV LLC Term Loan B                                           | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |     81614 | PA      | $73832.92     | 0.01%             | 2028-06-01      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| MANITOWOC COMPANY INC                                            | Manitowoc Co Inc/The                                                             | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182748.65    | 0.02%             | 2031-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MARCOBRE SAC                                                     | Marcobre SAC                                                                     | CUSIP: 56625AAA2<br>LEI: 254900BORIUZFCM1XB72 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $193680.00    | 0.03%             | 2036-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                       | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $737965.48    | 0.10%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                                   | Mariner Finance Issuance Trust 2024-A                                            | CUSIP: 567928AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    470000 | PA      | $481376.49    | 0.06%             | 2036-09-22      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                    | MASSACHUSETTS ST EDUCTNL FING AUTH                                               | CUSIP: 57563RTX7<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    680000 | PA      | $705763.57    | 0.09%             | 2049-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities Trust                              | Mastr Asset Backed Securities Trust 2006-HE2                                     | CUSIP: 57644UAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6469242 | PA      | $2108703.77   | 0.28%             | 2036-06-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                             | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    399000 | PA      | $403345.12    | 0.05%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                             | Matador Resources Co                                                             | CUSIP: 576485AJ5<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    427000 | PA      | $424300.15    | 0.06%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                           | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    262000 | PA      | $242803.62    | 0.03%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                           | Match Group Holdings II LLC                                                      | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     64000 | PA      | $56901.47     | 0.01%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                           | Match Group Holdings II LLC                                                      | CUSIP: 57667JAC6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    789000 | PA      | $766760.85    | 0.10%             | 2033-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                               | Mattamy Group Corp                                                               | CUSIP: 57701RAQ5<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    111000 | PA      | $104234.99    | 0.01%             | 2033-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                           | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   4377000 | PA      | $4377000.00   | 0.57%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                           | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAF4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    328000 | PA      | $304767.04    | 0.04%             | 2030-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Company                       | Mauser Packaging Solutions Holding Company 2025 Term Loan B                      | CUSIP: 57763TAF0<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |    833000 | PA      | $803545.12    | 0.11%             | 2030-04-15      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| McAfee, LLC                                                      | McAfee LLC 2024 USD 1st Lien Term Loan B                                         | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    619432 | PA      | $551294.32    | 0.07%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                               | MCR 2024-TWA Mortgage Trust                                                      | CUSIP: 582923AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    790000 | PA      | $792383.43    | 0.10%             | 2039-06-12      | Fixed         | 8.73%                 | No            |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                                         | Medco Maple Tree Pte Ltd                                                         | CUSIP: 58407HAA7<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |    250000 | PA      | $256413.23    | 0.03%             | 2029-04-27      | Fixed         | 8.96%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                                         | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    557000 | PA      | $567573.46    | 0.07%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                            | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $958750.00    | 0.13%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                            | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAE9<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $196386.00    | 0.03%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                            | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    744000 | PA      | $755334.84    | 0.10%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                            | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $191886.00    | 0.03%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                                              | Meritage Homes Corp                                                              | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    521000 | PA      | $501723.00    | 0.07%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS GR                                         | Merlin Entertainments Group US Holdings Inc                                      | CUSIP: 59010UAA5<br>LEI: 549300HBQPPKS1187K54 | Long             | DBT              | CORP              | US        |    600000 | PA      | $500742.90    | 0.07%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS                                           | Methanex US Operations Inc                                                       | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    209000 | PA      | $213820.79    | 0.03%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                             | Michaels Cos Inc/The                                                             | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    795000 | PA      | $773927.73    | 0.10%             | 2033-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                   | Microsoft Corp                                                                   | CUSIP: 594918CE2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $2283105.68   | 0.30%             | 2052-03-17      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                            | Micron Technology Inc                                                            | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1079042.52   | 0.14%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                          | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    129000 | PA      | $122814.76    | 0.02%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI                                         | Midcontinent Communications                                                      | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    781000 | PA      | $727384.12    | 0.10%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                                         | Midcap Financial Issuer Trust                                                    | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $194076.82    | 0.03%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL                                                 | Midcap Financial Issuer Trust                                                    | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $372744.00    | 0.05%             | 2030-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                                         | Mill City Mortgage Loan Trust 2023-NQM2                                          | CUSIP: 59981CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1121493 | PA      | $1117402.56   | 0.15%             | 2067-12-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                          | Millrose Properties Inc                                                          | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              |  | US        |    972000 | PA      | $971697.61    | 0.13%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                          | Millrose Properties Inc                                                          | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              |  | US        |   1368000 | PA      | $1342839.47   | 0.18%             | 2032-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                                              | Minejesa Capital BV                                                              | CUSIP: 602736AB6<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $191460.00    | 0.03%             | 2037-08-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                                         | Minerals Technologies Inc                                                        | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |    218000 | PA      | $214303.59    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                           | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   3257000 | PA      | $3057097.39   | 0.40%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                                          | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    342000 | PA      | $350115.66    | 0.05%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                            | Molina Healthcare Inc                                                            | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    302000 | PA      | $269997.00    | 0.04%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                            | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    141000 | PA      | $136712.28    | 0.02%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                            | Molina Healthcare Inc                                                            | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    598000 | PA      | $587896.97    | 0.08%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MOOG INC                                                         | Moog Inc                                                                         | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |     27000 | PA      | $26984.32     | 0.00%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MOOG INC                                                         | Moog Inc                                                                         | CUSIP: 615394AP8<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    213000 | PA      | $213669.17    | 0.03%             | 2034-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley                                                                   | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3086164.14   | 0.40%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley ReRemic Trust                                     | Morgan Stanley Re-REMIC Trust 2010-R5                                            | CUSIP: 61759HBE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2312327 | PA      | $2994461.39   | 0.39%             | 2037-05-26      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | Morgan Stanley                                                                   | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    100000 | NS      | $2505000.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGDOM OF MOROCCO                                               | Morocco Government International Bond                                            | CUSIP: 617726AN4<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $203340.00    | 0.03%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                   | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5                         | CUSIP: 61777QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1051805 | PA      | $1057026.53   | 0.14%             | 2069-10-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                   | Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1                         | CUSIP: 617946AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3855041 | PA      | $3748457.52   | 0.49%             | 2065-02-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| MOTION BONDCO DAC                                                | Motion Bondco DAC                                                                | CUSIP: 61978XAA5<br>LEI: 635400KFD3IETNQLA755 | Long             | DBT              | CORP              | IE        |    204000 | PA      | $195272.41    | 0.03%             | 2027-11-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust 2022-LPFL                          | MTN Commercial Mortgage Trust 2022-LPFL                                          | CUSIP: 62475WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    409000 | PA      | $408744.38    | 0.05%             | 2039-03-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2001000 | PA      | $1983377.79   | 0.26%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                                                  | Murphy Oil Corp                                                                  | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |     35000 | PA      | $29700.09     | 0.00%             | 2042-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    316000 | PA      | $313602.41    | 0.04%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    137000 | PA      | $133104.52    | 0.02%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1430000 | PA      | $1387583.91   | 0.18%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NCMF Trust                                                       | NCMF Trust 2025-MFS                                                              | CUSIP: 62887TAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    445000 | PA      | $447422.49    | 0.06%             | 2033-06-10      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY PARTNERS LP                                           | NGL ENERGY PARTNERS LP 2026 TERM LOAN B                                          | CUSIP: 62922KAH3<br>LEI: 5493008CQD36WWZJ3O79 | Long             | LON              | CORP              | US        |    196000 | PA      | $196000.00    | 0.03%             | 2033-03-11      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                            | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    759000 | PA      | $781882.33    | 0.10%             | 2029-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                            | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |   1187000 | PA      | $1223255.73   | 0.16%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG Energy Inc                                                                   | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    537000 | PA      | $579273.18    | 0.08%             | 2028-03-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG Energy Inc                                                                   | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1038000 | PA      | $1038264.69   | 0.14%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    847000 | PA      | $853752.44    | 0.11%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG Energy Inc                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    260000 | PA      | $259611.30    | 0.03%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG Energy Inc                                                                   | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980924.78    | 0.13%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG Energy Inc                                                                   | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    916000 | PA      | $903564.75    | 0.12%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG Energy Inc                                                                   | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3402000 | PA      | $3371065.95   | 0.44%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OVG Business Services LLC                                        | OVG Business Services LLC 2024 Term Loan B                                       | CUSIP: 62955EAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     15785 | PA      | $15745.18     | 0.00%             | 2031-06-25      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                            | Nabors Industries Inc                                                            | CUSIP: 62957HAR6<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    273000 | PA      | $279455.78    | 0.04%             | 2032-11-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                         | Navoi Mining & Metallurgical Combinat                                            | CUSIP: 63890CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |    200000 | PA      | $203440.00    | 0.03%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                | NatWest Group PLC                                                                | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    595000 | PA      | $644103.57    | 0.08%             | 2033-11-10      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                     | Navient Corp                                                                     | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9748.43      | 0.00%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                     | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    400000 | PA      | $356619.02    | 0.05%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                       | Navient Student Loan Trust 2019-B                                                | CUSIP: 63941LAB9<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |    100135 | PA      | $98639.13     | 0.01%             | 2059-12-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust                                     | Navient Education Loan Trust 2025-A                                              | CUSIP: 63943EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    667000 | PA      | $669932.47    | 0.09%             | 2055-07-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                        | Nelnet Student Loan Trust 2025-B                                                 | CUSIP: 64032BAE3<br>LEI: 5493000EBJ0T2MCM3713 | Long             | ABS-O            | CORP              | US        |    192000 | PA      | $188860.86    | 0.02%             | 2055-05-17      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                             | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    376000 | PA      | $377044.53    | 0.05%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                             | Neptune Bidco US Inc                                                             | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    729000 | PA      | $735566.83    | 0.10%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                             | Neptune Bidco US Inc                                                             | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    597000 | PA      | $579232.68    | 0.08%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                             | Neptune Bidco US Inc 2026 USD Term Loan B                                        | CUSIP: 64069JAK8<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    267000 | PA      | $254451.00    | 0.03%             | 2033-02-03      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                 | CSC Holdings LLC 2019 Term Loan B5                                               | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    531241 | PA      | $466992.72    | 0.06%             | 2027-04-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                         | Neuberger Berman Loan Advisers CLO 46 Ltd                                        | CUSIP: 64134QAL1<br>LEI: 549300LCOEVXWN75LP18 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249941.53    | 0.03%             | 2037-01-20      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                         | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    208000 | PA      | $207789.41    | 0.03%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                         | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    103000 | PA      | $101475.07    | 0.01%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW GOLD INC                                                     | New Gold Inc                                                                     | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |    415000 | PA      | $428926.57    | 0.06%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RISEWELL HOMES INC                                               | Risewell Homes Inc                                                               | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    296000 | PA      | $299003.51    | 0.04%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RISEWELL HOMES INC                                               | Risewell Homes Inc                                                               | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |     94000 | PA      | $91915.20     | 0.01%             | 2030-11-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                              | New Residential Mortgage Loan Trust 2025-NQM5                                    | CUSIP: 64832GAC8<br>LEI: 213800USJ6KQFZEWGZ76 | Long             | ABS-MBS          | CORP              | US        |   3531765 | PA      | $3519503.55   | 0.46%             | 2065-08-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                              | New Residential Mortgage Loan Trust 2025-NQM5                                    | CUSIP: 64832GAF1<br>LEI: 213800USJ6KQFZEWGZ76 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1488842.40   | 0.19%             | 2065-08-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                         | CUSIP: 64972FL20<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030301.90   | 0.13%             | 2042-06-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | Newell Brands Inc                                                                | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    106000 | PA      | $103464.91    | 0.01%             | 2029-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | Newell Brands Inc                                                                | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    181000 | PA      | $173214.10    | 0.02%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119989.33    | 0.02%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    304000 | PA      | $313788.80    | 0.04%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NEXA RESOURCES SA                                                | Nexa Resources SA                                                                | CUSIP: 65290DAB9<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $208250.00    | 0.03%             | 2034-04-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                           | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBK5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4492909.80   | 0.59%             | 2079-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                              | Nigeria Government International Bond                                            | CUSIP: 65412AFD9<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $228800.00    | 0.03%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                              | Nigeria Government International Bond                                            | CUSIP: 65412AFG2<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    400000 | PA      | $417200.00    | 0.05%             | 2046-01-13      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                          | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    899000 | PA      | $863975.86    | 0.11%             | 2030-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                  | Nissan Motor Co Ltd                                                              | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    279000 | PA      | $282513.96    | 0.04%             | 2032-07-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                  | Nissan Motor Co Ltd                                                              | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   1269000 | PA      | $1305599.65   | 0.17%             | 2035-07-17      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                             | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119000 | PA      | $122520.82    | 0.02%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Nomura Asset Acceptance Corporation                              | Nomura Asset Acceptance Corp Alternative Loan Trust Series 2006-AF1              | CUSIP: 65536PAC4<br>LEI: N0RUIPD25XQCBR0TK507 | Long             | ABS-MBS          | CORP              | US        |   6353173 | PA      | $1094393.73   | 0.14%             | 2036-05-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                                  | Nordea Bank Abp                                                                  | CUSIP: 65559CAD3<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    560000 | PA      | $519242.75    | 0.07%             | 2029-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                           | Northern Oil & Gas Inc                                                           | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    528000 | PA      | $546296.78    | 0.07%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                                         | Northriver Midstream Finance LP                                                  | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    227000 | PA      | $227669.88    | 0.03%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                            | Northrop Grumman Corp                                                            | CUSIP: 666807BH4<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    680000 | PA      | $613972.92    | 0.08%             | 2043-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTHWELL HEALTHCARE INC                                         | Northwell Healthcare Inc                                                         | CUSIP: 667274AC8<br>LEI: 54930073NUTKK4QD3P47 | Long             | DBT              | CORP              | US        |    686000 | PA      | $555734.01    | 0.07%             | 2047-11-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust                                         | NRTH Commercial Mortgage Trust 2025-PARK                                         | CUSIP: 669985AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234000 | PA      | $233561.25    | 0.03%             | 2040-10-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                     | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    618000 | PA      | $582465.00    | 0.08%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                     | Novelis Corp                                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1169000 | PA      | $1041169.27   | 0.14%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                     | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    605000 | PA      | $610245.96    | 0.08%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                     | Novelis Corp                                                                     | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1681000 | PA      | $1648880.63   | 0.22%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                         | OCP SA                                                                           | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $209663.00    | 0.03%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                      | OCP CLO 2017-13 Ltd                                                              | CUSIP: 67097LAV8<br>LEI: 254900M77QLN2EBJHE11 | Long             | ABS-CBDO         | CORP              | KY        |    590000 | PA      | $590286.39    | 0.08%             | 2037-11-26      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                         | OBX 2023-NQM6 Trust                                                              | CUSIP: 67117VAA8<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |    782422 | PA      | $783243.31    | 0.10%             | 2063-07-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                      | OCP CLO 2024-38 Ltd                                                              | CUSIP: 67120KAA7<br>LEI: 25490028U8Y2XMZWXO46 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000014.10   | 0.13%             | 2038-01-21      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                           | NYC Commercial Mortgage Trust 2025-11X                                           | CUSIP: 67122NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    490000 | PA      | $490153.13    | 0.06%             | 2040-10-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                          | OAK-Eagle Acquireco Inc                                                          | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1999662.25   | 0.26%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                          | OAK-Eagle Acquireco Inc                                                          | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |   1894000 | PA      | $1982812.82   | 0.26%             | 2034-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                         | OBX 2024-NQM17 Trust                                                             | CUSIP: 673911AC7<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-MBS          | CORP              | US        |    839137 | PA      | $843029.77    | 0.11%             | 2064-11-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                         | OBX 2023-NQM5 Trust                                                              | CUSIP: 673919AL0<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |    805957 | PA      | $806225.95    | 0.11%             | 2063-06-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                                | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    149000 | PA      | $153833.88    | 0.02%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                                             | Oceaneering International Inc                                                    | CUSIP: 675232AD4<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |     92000 | PA      | $92374.16     | 0.01%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XXII Ltd                             | Octagon Investment Partners XXII Ltd                                             | CUSIP: 67572YBW1<br>LEI: 549300MQ9W5DWZ8QX450 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499355.50    | 0.07%             | 2030-01-22      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Octagon 55 Ltd                                                   | Octagon 55 Ltd                                                                   | CUSIP: 67577AAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999209.90    | 0.13%             | 2038-03-20      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| ODEON FINCO PLC                                                  | Odeon Finco PLC                                                                  | CUSIP: 67585LAA3<br>LEI: 9845003ECF9901CC5382 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $411731.59    | 0.05%             | 2027-11-01      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XVII LTD                             | Octagon Investment Partners XVII Ltd                                             | CUSIP: 67590GBL2<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |     82516 | PA      | $82489.53     | 0.01%             | 2031-01-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                         | Olympus Water US Holding Corp                                                    | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    905000 | PA      | $883916.03    | 0.12%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                         | Olympus Water US Holding Corp                                                    | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3148533.96   | 0.41%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corporation                             | Olympus Water US Holding Corporation 2025 USD Term Loan B                        | CUSIP: 68163YAK1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    351120 | PA      | $337570.28    | 0.04%             | 2032-11-03      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                         | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     69000 | PA      | $67446.05     | 0.01%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                         | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     58000 | PA      | $57187.52     | 0.01%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                         | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    771000 | PA      | $724682.33    | 0.09%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    231000 | PA      | $208612.17    | 0.03%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    362000 | PA      | $373575.78    | 0.05%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90480.60     | 0.01%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    117000 | PA      | $115923.21    | 0.02%             | 2031-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    438000 | PA      | $438425.30    | 0.06%             | 2029-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    431000 | PA      | $418172.28    | 0.05%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    152000 | PA      | $149698.17    | 0.02%             | 2032-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    447000 | PA      | $437094.88    | 0.06%             | 2030-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1243000 | PA      | $1188215.99   | 0.16%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 682691AN0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1172676.73   | 0.15%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC                                                | OneSky Flight LLC                                                                | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    318000 | PA      | $328244.37    | 0.04%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                   | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   8335000 | PA      | $8533739.74   | 1.12%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| OPAL BIDCO                                                       | OPAL BIDCO                                                                       | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    431000 | PA      | $431415.48    | 0.06%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                     | Fibercop SpA                                                                     | CUSIP: 683879AD2<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |   1271000 | PA      | $1209084.63   | 0.16%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                     | Fibercop SpA                                                                     | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    358000 | PA      | $355411.66    | 0.05%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp                                                                      | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $158413.89    | 0.02%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp                                                                      | CUSIP: 68389XDC6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $499118.83    | 0.07%             | 2065-08-03      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp                                                                      | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    945000 | PA      | $908606.44    | 0.12%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp                                                                      | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2830715.77   | 0.37%             | 2056-02-04      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                           | Option Care Health Inc                                                           | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    314000 | PA      | $302632.60    | 0.04%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                         | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: 549300SH15FO4Y2G3V63 | Long             | DBT              | CORP              | US        |    600000 | PA      | $582212.08    | 0.08%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                         | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $119717.11    | 0.02%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                         | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $117708.77    | 0.02%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                         | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    326000 | PA      | $314264.13    | 0.04%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                         | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    332000 | PA      | $346180.72    | 0.05%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                                   | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51105.52     | 0.01%             | 2027-05-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                            | Blue Owl Capital Corp                                                            | CUSIP: 69121KAJ3<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    348000 | PA      | $342970.92    | 0.04%             | 2030-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| PECF USS Intermediate Holding III Corporation                    | PECF USS INTERMDTE HLD III CRP 2026 TERM LOAN                                    | CUSIP: 69291LAJ5<br>LEI: 254900DIL842DEXPYJ91 | Long             | LON              | CORP              | US        |     24247 | PA      | $23186.09     | 0.00%             | 2033-03-03      | Floating      | 11.17%                | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                               | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198000 | PA      | $203328.58    | 0.03%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                        | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1424000 | PA      | $1433134.13   | 0.19%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                           | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   4156000 | PA      | $4192464.74   | 0.55%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                      | PRKCM 2023-AFC2 Trust                                                            | CUSIP: 693964AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    704538 | PA      | $703029.78    | 0.09%             | 2058-06-25      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                           | Pacific Gas and Electric Co                                                      | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    910000 | PA      | $753822.41    | 0.10%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                           | Pacific Gas and Electric Co                                                      | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1504500.06   | 0.20%             | 2053-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                            | Palmer Square CLO 2024-4 Ltd                                                     | CUSIP: 69703WAE4<br>LEI: 549300EYS8N79JYSXL17 | Long             | ABS-CBDO         | CORP              | KY        |    810000 | PA      | $809416.96    | 0.11%             | 2038-01-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                            | Panama Government International Bonds                                            | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $207600.00    | 0.03%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                            | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4202000 | PA      | $4216114.52   | 0.55%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                                                | Park Blue Clo 2025-IX Ltd                                                        | CUSIP: 70019UAG0<br>LEI: 213800GMETRF98C4D824 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501444.25    | 0.07%             | 2038-10-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                           | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |    295000 | PA      | $298611.98    | 0.04%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL/FINANC                                         | Pebblebrook Hotel LP / PEB Finance Corp                                          | CUSIP: 70510LAA7<br>LEI: N/A                  | Long             | DBT              |  | US        |    158000 | PA      | $158286.54    | 0.02%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                            | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    266000 | PA      | $272108.96    | 0.04%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                            | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    319000 | PA      | $317014.16    | 0.04%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                            | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    674000 | PA      | $650404.84    | 0.09%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                            | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    617000 | PA      | $577412.31    | 0.08%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                         | Performance Food Group Inc                                                       | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    383000 | PA      | $367896.17    | 0.05%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                         | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    428000 | PA      | $428790.52    | 0.06%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                         | Performance Food Group Inc                                                       | CUSIP: 71376LAH3<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    986000 | PA      | $950989.51    | 0.12%             | 2034-03-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PERIMETER HOL                                                    | Perimeter Holdings LLC                                                           | CUSIP: 71384AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1142000 | PA      | $1120016.96   | 0.15%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                         | Permian Resources Operating LLC                                                  | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    288000 | PA      | $298222.56    | 0.04%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                         | Permian Resources Operating LLC                                                  | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    731000 | PA      | $744622.92    | 0.10%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                         | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    232000 | PA      | $211683.96    | 0.03%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                              | Peru Government International Bonds                                              | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    374000 | PA      | $341452.65    | 0.04%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                              | Peru Government International Bonds                                              | CUSIP: 715638DP4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    244000 | PA      | $201056.00    | 0.03%             | 2032-12-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                         | Petrobras Global Finance BV                                                      | CUSIP: 71645WAS0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    187000 | PA      | $182100.60    | 0.02%             | 2041-01-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | Petroleos Mexicanos                                                              | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    392000 | PA      | $374928.40    | 0.05%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | Petroleos Mexicanos                                                              | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    407563 | PA      | $428511.74    | 0.06%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                           | Philip Morris International Inc                                                  | CUSIP: 718172AU3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    900000 | PA      | $722242.92    | 0.09%             | 2042-08-21      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                                         | Phoenix Aviation Capital Ltd                                                     | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |   1639000 | PA      | $1649309.31   | 0.22%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                                   | Pikes Peak Clo 15 2023 Ltd                                                       | CUSIP: 720922AL7<br>LEI: 213800Z4RS2ZM3411T95 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $999276.90    | 0.13%             | 2038-10-20      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                                   | Pikes Peak CLO 6                                                                 | CUSIP: 72132YBE4<br>LEI: 635400BKNXKWEO3G2J74 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $238763.35    | 0.03%             | 2034-05-18      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                                 | Planet Fitness Master Issuer LLC                                                 | CUSIP: 72703PAJ2<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    228000 | PA      | $225089.12    | 0.03%             | 2055-12-06      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                                            | Playtika Holding Corp                                                            | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |     67000 | PA      | $52280.10     | 0.01%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL CAM/PLUS LOTE                                         | Pluspetrol Camisea SA / Pluspetrol Lote 56 SA                                    | CUSIP: 72941KAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    205000 | PA      | $212431.25    | 0.03%             | 2036-07-03      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                                                   | PMT Loan Trust 2024-INV1                                                         | CUSIP: 73015BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1546835 | PA      | $1543028.48   | 0.20%             | 2059-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds                | Republic of Poland Government International Bonds                                | CUSIP: 731011AV4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    138000 | PA      | $137700.54    | 0.02%             | 2033-10-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds                | Republic of Poland Government International Bonds                                | CUSIP: 731011AW2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    180000 | PA      | $165502.80    | 0.02%             | 2053-04-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    850000 | PA      | $850722.93    | 0.11%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    397000 | PA      | $381121.87    | 0.05%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     42000 | PA      | $39052.08     | 0.01%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | Post Holdings Inc                                                                | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131344.07    | 0.02%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    317000 | PA      | $312290.24    | 0.04%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    600000 | PA      | $587523.72    | 0.08%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | Post Holdings Inc                                                                | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    760000 | PA      | $744283.88    | 0.10%             | 2036-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                              | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    253000 | PA      | $261345.46    | 0.03%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                                         | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148000 | PA      | $90280.00     | 0.01%             | 2029-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                                         | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    214000 | PA      | $117700.00    | 0.02%             | 2031-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                                         | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    152000 | PA      | $157624.00    | 0.02%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                                     | ADT Security Corp/The                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    117000 | PA      | $109287.21    | 0.01%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PRIO LUX HLD SARL                                                | PRIO Luxembourg Holding Sarl                                                     | CUSIP: 74259PAA5<br>LEI: 2221003VQP4JY7T31H94 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $194550.00    | 0.03%             | 2030-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                                   | Proofpoint Inc 2025 Repriced Term Loan                                           | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |     71635 | PA      | $69246.95     | 0.01%             | 2028-08-31      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| UNIQUE PUB FINANCE CO                                            | Unique Pub Finance Co PLC/The                                                    | CUSIP: 000000000<br>LEI: 213800FOMWLKHQTI5562 | Long             | ABS-O            | CORP              | GB        |     31301 | PA      | $42546.30     | 0.01%             | 2032-03-30      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust                                 | Provident Funding Mortgage Trust 2024-1                                          | CUSIP: 74389BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1175738 | PA      | $1169904.70   | 0.15%             | 2054-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                                            | QTS Issuer ABS II LLC                                                            | CUSIP: 74690FAQ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148000 | PA      | $144642.16    | 0.02%             | 2056-01-05      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                                            | QTS Issuer ABS II LLC                                                            | CUSIP: 74690FAS5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    229000 | PA      | $226643.18    | 0.03%             | 2056-01-05      | Fixed         | 6.73%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                            | Qnity Electronics Inc                                                            | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    378000 | PA      | $378450.20    | 0.05%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                            | Qnity Electronics Inc                                                            | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    294000 | PA      | $297274.28    | 0.04%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                                     | QUALCOMM Inc                                                                     | CUSIP: 747525AV5<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    700000 | PA      | $568219.43    | 0.07%             | 2047-05-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                                     | QUALCOMM Inc                                                                     | CUSIP: 747525BS1<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    400000 | PA      | $416250.53    | 0.05%             | 2033-05-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                            | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1892083.31   | 0.25%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                         | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     74000 | PA      | $68285.58     | 0.01%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1754000 | PA      | $1778561.26   | 0.23%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    812000 | PA      | $824699.68    | 0.11%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Quorum Health Corporation                                        | Quorum Health Corporation 2020 Term Loan                                         | CUSIP: 74909HAE9<br>LEI: 549300PO3E4YREFT1I57 | Long             | LON              | CORP              | US        |    349735 | PA      | $232573.68    | 0.03%             | 2028-01-28      | Floating      | 10.25%                | No            |                  3 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                         | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |    142000 | PA      | $137654.24    | 0.02%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                         | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |   1028000 | PA      | $1046623.25   | 0.14%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                         | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    485000 | PA      | $493863.86    | 0.06%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RXO INC                                                          | RXO Inc                                                                          | CUSIP: 74982TAA1<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |    199000 | PA      | $190942.07    | 0.02%             | 2031-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                         | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 74984CAA6<br>LEI: N/A                  | Long             | DBT              |  | US        |    900000 | PA      | $888168.33    | 0.12%             | 2034-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                           | RR 24 Ltd                                                                        | CUSIP: 75000HBE3<br>LEI: 2549005CH9FMTJFP8I04 | Long             | ABS-CBDO         | CORP              | BM        |   1000000 | PA      | $1001025.80   | 0.13%             | 2037-01-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Radian Mortgage Capital Trust                                    | Radian Mortgage Capital Trust 2024-J2                                            | CUSIP: 75023WAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    428071 | PA      | $427870.65    | 0.06%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                                               | Radiate Holdco LLC 2025 FLFO Term Loan                                           | CUSIP: 75025KAM0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |    738326 | PA      | $654953.82    | 0.09%             | 2029-09-25      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    283000 | PA      | $292909.86    | 0.04%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    474000 | PA      | $505093.47    | 0.07%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                             | Raizen Fuels Finance SA                                                          | CUSIP: 75102XAB2<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $110000.00    | 0.01%             | 2034-03-05      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                                                  | Rand Parent LLC                                                                  | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    312000 | PA      | $320275.80    | 0.04%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                                          | Raymond James Financial Inc                                                      | CUSIP: 754730AF6<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    400000 | PA      | $355550.56    | 0.05%             | 2046-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                         | RTX Corp                                                                         | CUSIP: 75513ECK5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    700000 | PA      | $579597.18    | 0.08%             | 2047-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                                         | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24321 | PA      | $24354.83     | 0.00%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                                         | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    348000 | PA      | $348484.07    | 0.05%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                                          | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $567936.74    | 0.07%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Regatta XVIII Funding Ltd                                        | Regatta XVIII Funding Ltd                                                        | CUSIP: 75884EAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $846190.56    | 0.11%             | 2038-04-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Regatta 30 Funding Ltd.                                          | Regatta 30 Funding Ltd                                                           | CUSIP: 75903UAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1698742.17   | 0.22%             | 2038-01-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| REGIONAL MGMT ISSUANCE                                           | REGIONAL MGMT ISSUANCE                                                           | CUSIP: 75907WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1110000 | PA      | $1090575.00   | 0.14%             | 2033-10-17      | Fixed         | 3.88%                 | No            |                  3 | On Loan: No      |
| RESILIENCE PARENT LLC                                            | Resilience Parent LLC 1st Lien Term Loan                                         | CUSIP: 75908HAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    434000 | PA      | $431422.04    | 0.06%             | 2033-02-28      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                             | LifePoint Health Inc 2024 1st Lien Term Loan B                                   | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    338970 | PA      | $338885.51    | 0.04%             | 2031-05-19      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                             | LifePoint Health Inc 2024 Incremental Term Loan B1                               | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    200042 | PA      | $199720.43    | 0.03%             | 2031-05-19      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Renaissance Home Equity Loan Trust                               | Renaissance Home Equity Loan Trust 2007-3                                        | CUSIP: 75971FAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3427285 | PA      | $1293911.79   | 0.17%             | 2037-09-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| RENEW TREAS IFSC PVT LTD                                         | Renew Treasury Ifsc Pvt Ltd                                                      | CUSIP: 759963AA9<br>LEI: 335800IK4XWJ5637BW61 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $193937.50    | 0.03%             | 2031-02-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                                  | Republic Finance Issuance Trust 2025-A                                           | CUSIP: 76042FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1015000 | PA      | $1010500.61   | 0.13%             | 2034-11-20      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                                     | Oriental Republic of Uruguay                                                     | CUSIP: 760942BG6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    313614 | PA      | $284134.28    | 0.04%             | 2060-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                           | Residential Asset Securitization Trust 2006-A8                                   | CUSIP: 761119AK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6301555 | PA      | $1105784.27   | 0.14%             | 2036-08-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                              | Resideo Funding Inc                                                              | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |     77000 | PA      | $72767.83     | 0.01%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                              | Resideo Funding Inc                                                              | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    495000 | PA      | $487711.92    | 0.06%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                            | Rio Tinto Finance USA PLC                                                        | CUSIP: 76720AAG1<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $337182.51    | 0.04%             | 2042-08-21      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                                | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp                  | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $223306.16    | 0.03%             | 2033-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| RIVERS ENT BORROWER LLC                                          | Rivers Enterprise Borrower LLC                                                   | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $212462.43    | 0.03%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                                         | TGNR Intermediate Holdings LLC                                                   | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    290000 | PA      | $283548.11    | 0.04%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1507000 | PA      | $1520905.09   | 0.20%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2109000 | PA      | $2131659.10   | 0.28%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    456000 | PA      | $461132.47    | 0.06%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1288416.25   | 0.17%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                         | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    333000 | PA      | $329397.77    | 0.04%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                         | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $31372.85     | 0.00%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                         | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     66000 | PA      | $64354.24     | 0.01%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                           | Rockford Tower CLO 2021-3 Ltd                                                    | CUSIP: 77341NAL9<br>LEI: 5493007GXSFXDXOXG741 | Long             | ABS-CBDO         | CORP              | KY        |   1914000 | PA      | $1914962.17   | 0.25%             | 2038-01-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                          | Romanian Government International Bond                                           | CUSIP: 77586RAN0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     92000 | PA      | $91929.16     | 0.01%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                                   | Ryan Specialty LLC                                                               | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    445000 | PA      | $439822.25    | 0.06%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                             | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    163000 | PA      | $157909.66    | 0.02%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                          | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    651000 | PA      | $616868.59    | 0.08%             | 2029-02-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                 | SMB Private Education Loan Trust 2021-A                                          | CUSIP: 78448YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     78346 | PA      | $76560.07     | 0.01%             | 2053-01-15      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| SLG Trust                                                        | SLG Office Trust 2026-OMA                                                        | CUSIP: 78451FAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145000 | PA      | $145283.19    | 0.02%             | 2041-04-15      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| SLG Trust                                                        | SLG Office Trust 2026-OMA                                                        | CUSIP: 78451FAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $230437.25    | 0.03%             | 2041-04-15      | Variable      | 7.92%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                     | SM Energy Co                                                                     | CUSIP: 78454LAZ3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    994000 | PA      | $991191.57    | 0.13%             | 2034-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                            | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    425000 | PA      | $425014.45    | 0.06%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SoFi Personal Loan Trust                                         | SoFi Personal Loan Trust 2023-1                                                  | CUSIP: 78474NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65326 | PA      | $65688.91     | 0.01%             | 2030-11-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1                                          | SV RNO Property Owner 1 LLC                                                      | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3717000 | PA      | $3674226.85   | 0.48%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Springs Windows Fashions LLC                                     | Springs Windows Fashions LLC 2024 FLFO A1 Term Loan                              | CUSIP: 78489HAG3<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |     51714 | PA      | $51197.21     | 0.01%             | 2029-12-19      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD                                           | Sable International Finance Ltd                                                  | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $590464.98    | 0.08%             | 2032-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                                   | Sabre GLBL Inc 2024 Term Loan B1                                                 | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     71369 | PA      | $55801.83     | 0.01%             | 2029-11-15      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                                   | Sabre GLBL Inc 2024 Term Loan B2                                                 | CUSIP: 78571YBL3<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     34561 | PA      | $27043.71     | 0.00%             | 2029-11-15      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                   | Sabre GLBL Inc 2025 11th Amendment Term Loan B2                                  | CUSIP: 78571YBN9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     21108 | PA      | $16464.49     | 0.00%             | 2029-07-30      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| SABRE FINANCIAL BORROWER                                         | Sabre Financial Borrower LLC                                                     | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1216000 | PA      | $1244360.77   | 0.16%             | 2029-06-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| HalseyPoint CLO I, Ltd.                                          | Sagard-Halseypoint Clo 10 Ltd                                                    | CUSIP: 78663BAA7<br>LEI: 254900N7LSI0GVY3UO19 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000863.90   | 0.13%             | 2038-10-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                             | Samarco Mineracao SA                                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     15277 | PA      | $15047.85     | 0.00%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                          | Sasol Financing USA LLC                                                          | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201814.00    | 0.03%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                         | Saudi Government International Bond                                              | CUSIP: 80413TBE8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    238000 | PA      | $200988.62    | 0.03%             | 2053-01-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                                         | Science Applications International Corp                                          | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    239000 | PA      | $235206.28    | 0.03%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                                         | Science Applications International Corp                                          | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    533000 | PA      | $520140.52    | 0.07%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                                         | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    274000 | PA      | $235714.56    | 0.03%             | 2030-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                          | Light & Wonder International Inc                                                 | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    213000 | PA      | $217132.20    | 0.03%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                            | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AS5<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     64000 | PA      | $62564.70     | 0.01%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                            | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14009.46     | 0.00%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                                                | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    339000 | PA      | $344573.16    | 0.05%             | 2030-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd                          | SEAGATE DATA STOR                                                                | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    341000 | PA      | $358114.11    | 0.05%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd                          | SEAGATE DATA STOR                                                                | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    615000 | PA      | $644794.29    | 0.08%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                                                | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    129000 | PA      | $128516.19    | 0.02%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                  | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     77000 | PA      | $77577.50     | 0.01%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                         | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     28000 | PA      | $29361.51     | 0.00%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                  | Sealed Air Corp                                                                  | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     48000 | PA      | $50350.05     | 0.01%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SELF Commercial Mortgage Trust                                   | SELF Commercial Mortgage Trust 2024-STRG                                         | CUSIP: 81631WAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189000 | PA      | $188763.75    | 0.02%             | 2034-11-15      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                           | Sequoia Mortgage Trust 2024-INV1                                                 | CUSIP: 816939AC6<br>LEI: 549300671OK77JNRLK28 | Long             | ABS-MBS          | CORP              | US        |    659910 | PA      | $657428.42    | 0.09%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| SENSATA TECH INC                                                 | Sensata Technologies Inc                                                         | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    810000 | PA      | $774630.05    | 0.10%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                         | Sensata Technologies Inc                                                         | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     26000 | PA      | $24115.53     | 0.00%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                         | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509992.00    | 0.07%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                               | Serbia International Bond                                                        | CUSIP: 817477AJ1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    200000 | PA      | $200000.00    | 0.03%             | 2034-06-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                | Service Corp International/US                                                    | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11994.08     | 0.00%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                | Service Corp International/US                                                    | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    503000 | PA      | $468864.16    | 0.06%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1062951.15   | 0.14%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                           | Service Experts Issuer 2024-1 LLC                                                | CUSIP: 81758FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148338 | PA      | $151302.22    | 0.02%             | 2035-11-20      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   2330000 | PA      | $2433270.26   | 0.32%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    259000 | PA      | $256704.78    | 0.03%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | Service Properties Trust                                                         | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   1115000 | PA      | $1014421.73   | 0.13%             | 2027-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SHELL FINANCE US INC                                             | Shell Finance US Inc                                                             | CUSIP: 822905AE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $357041.28    | 0.05%             | 2046-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                              | Sherwin-Williams Co/The                                                          | CUSIP: 824348BK1<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    310000 | PA      | $226712.55    | 0.03%             | 2049-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                          | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    860000 | PA      | $845676.73    | 0.11%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Air Comm Corporation LLC                                         | Air Comm Corporation LLC 2025 Term Loan                                          | CUSIP: 82670NAG1<br>LEI: 254900S9ONE06XB1T251 | Long             | LON              | CORP              | US        |    190294 | PA      | $190531.77    | 0.02%             | 2031-12-11      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                         | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1193000 | PA      | $1212762.05   | 0.16%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    819000 | PA      | $817856.76    | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     96000 | PA      | $92665.05     | 0.01%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CAN WON/MILLEN                                         | Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC    | CUSIP: 83003AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182000 | PA      | $182293.63    | 0.02%             | 2032-01-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                         | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    660000 | PA      | $623218.33    | 0.08%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                         | Snap Inc                                                                         | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    715000 | PA      | $672506.69    | 0.09%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                                 | Sofi Consumer Loan Program 2026-B Trust                                          | CUSIP: 83407MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158000 | PA      | $157986.08    | 0.02%             | 2036-02-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                                 | Sofi Consumer Loan Program 2026-B Trust                                          | CUSIP: 83407MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166000 | PA      | $165819.79    | 0.02%             | 2036-02-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                                 | Sofi Consumer Loan Program 2026-B Trust                                          | CUSIP: 83407MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166000 | PA      | $165777.19    | 0.02%             | 2036-02-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                                 | Sofi Consumer Loan Program 2026-B Trust                                          | CUSIP: 83407MAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166000 | PA      | $165805.40    | 0.02%             | 2036-02-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| SOFI PERS LN TR 2024 1                                           | SOFI PERS LN TR 2024 1                                                           | CUSIP: 83407R105<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $192363.63    | 0.03%             | 2031-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SoFi Personal Loan Trust                                         | SoFi Personal Loan Trust 2024-1                                                  | CUSIP: 83407RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115338 | PA      | $115446.85    | 0.02%             | 2031-02-12      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI                                         | Solstice Advanced Materials Inc                                                  | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    566000 | PA      | $558099.89    | 0.07%             | 2033-09-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                                        | Sotheby's                                                                        | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |   1016000 | PA      | $1011132.95   | 0.13%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                                            | Sotheby's/Bidfair Holdings Inc                                                   | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $460040.22    | 0.06%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                                          | Sotera Health Holdings LLC                                                       | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    259000 | PA      | $267540.01    | 0.04%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds          | Republic of South Africa Government International Bonds                          | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $143500.00    | 0.02%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds          | Republic of South Africa Government International Bonds                          | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    403000 | PA      | $312325.00    | 0.04%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                         | Republic of South Africa Government International Bond                           | CUSIP: 836205BF0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $204926.00    | 0.03%             | 2036-11-19      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                         | Republic of South Africa Government International Bond                           | CUSIP: 836205BG8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $197650.00    | 0.03%             | 2054-11-19      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                         | Republic of South Africa Government International Bond                           | CUSIP: 836205BJ2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $182900.00    | 0.02%             | 2055-12-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    251000 | PA      | $242042.56    | 0.03%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Spruce Hill Mortgage Loan Trust                                  | Spruce Hill Mortgage Loan Trust 2022-SH1                                         | CUSIP: 85213XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    529364 | PA      | $523708.83    | 0.07%             | 2057-07-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | Block Inc                                                                        | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    534000 | PA      | $531565.33    | 0.07%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   2016000 | PA      | $2034408.10   | 0.27%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | Block Inc                                                                        | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    466000 | PA      | $463424.93    | 0.06%             | 2030-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | Block Inc                                                                        | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    598000 | PA      | $588123.14    | 0.08%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                         | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     42000 | PA      | $41683.25     | 0.01%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                         | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    776000 | PA      | $776401.19    | 0.10%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                         | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1509000 | PA      | $1492032.00   | 0.20%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                         | Standard Building Solutions Inc                                                  | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    458000 | PA      | $441598.61    | 0.06%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                           | Standard Chartered PLC                                                           | CUSIP: 853254BK5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $497560.00    | 0.07%             | 2033-03-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                         | Standard Industries Inc/NY                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5930.89      | 0.00%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                         | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    297000 | PA      | $279941.78    | 0.04%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                         | Standard Industries Inc/NY                                                       | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    125000 | PA      | $112045.81    | 0.01%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                      | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    243000 | PA      | $224731.09    | 0.03%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| STAR HOLDING LLC                                                 | Star Holding LLC                                                                 | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |    783000 | PA      | $794380.91    | 0.10%             | 2031-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                  | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    953000 | PA      | $987308.95    | 0.13%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                          | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    226000 | PA      | $232696.15    | 0.03%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                          | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    115000 | PA      | $114776.97    | 0.02%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                          | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    292000 | PA      | $298210.55    | 0.04%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                          | Starwood Property Trust Inc                                                      | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    323000 | PA      | $327591.12    | 0.04%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Starwood Residential Mortgage Trust                              | STAR 2021-1 Trust                                                                | CUSIP: 85573GAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1570474.85   | 0.21%             | 2065-05-25      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                              | Starwood Mortgage Residential Trust 2020-3                                       | CUSIP: 85573MAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1057000 | PA      | $952668.29    | 0.12%             | 2065-04-25      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                | State Street Corp                                                                | CUSIP: 857477AY9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    624000 | PA      | $541576.41    | 0.07%             | 2047-06-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                              | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    354000 | PA      | $330526.26    | 0.04%             | 2031-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                              | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    173000 | PA      | $173671.24    | 0.02%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                             | Stillwater Mining Co                                                             | CUSIP: 86074QAQ5<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188278.00    | 0.02%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STL HOLDING CO LLC                                               | STL Holding Co LLC                                                               | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |    158000 | PA      | $163235.33    | 0.02%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                                            | Stonepeak Nile Parent LLC                                                        | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    155000 | PA      | $161215.04    | 0.02%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                               | Subway Funding LLC                                                               | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    291312 | PA      | $293192.49    | 0.04%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                         | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    117000 | PA      | $110082.77    | 0.01%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Summit Acquisition Inc                                           | Summit Acquisition Inc 2025 Add-on Term Loan                                     | CUSIP: 86600DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    181176 | PA      | $180722.99    | 0.02%             | 2031-10-16      | Floating      | 7.17%                 | No            |                  3 | On Loan: No      |
| SUNOCO LP                                                        | Sunoco LP                                                                        | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    346000 | PA      | $347507.52    | 0.05%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | Sunoco LP                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    169000 | PA      | $168224.85    | 0.02%             | 2031-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | Sunoco LP                                                                        | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    171000 | PA      | $169111.12    | 0.02%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | Sunoco LP                                                                        | CUSIP: 86765KAL3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    253000 | PA      | $256963.75    | 0.03%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                                          | Surgery Center Holdings Inc                                                      | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   2489000 | PA      | $2444629.32   | 0.32%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SURINAME INT                                         | Suriname Government International Bond                                           | CUSIP: 86886PAF9<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |    200000 | PA      | $206800.00    | 0.03%             | 2035-11-06      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                                  | Star Parent Inc Term Loan B                                                      | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    547792 | PA      | $541043.30    | 0.07%             | 2030-09-27      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO                                                 | TCI-Symphony CLO 2017-1 Ltd                                                      | CUSIP: 87232BAF9<br>LEI: 5493005WLG3H3B8NI222 | Long             | ABS-CBDO         | CORP              | KY        |    124378 | PA      | $124376.52    | 0.02%             | 2030-07-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| THE 2023-MIC Trust                                               | 2023-MIC Trust/THE                                                               | CUSIP: 87256GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    233000 | PA      | $249057.50    | 0.03%             | 2038-12-05      | Variable      | 9.53%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                          | Talen Energy Supply LLC                                                          | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     98000 | PA      | $102809.55    | 0.01%             | 2030-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                          | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    178000 | PA      | $176494.23    | 0.02%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                          | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $126312.88    | 0.02%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                          | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    973000 | PA      | $1000961.10   | 0.13%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                             | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    166000 | PA      | $166145.25    | 0.02%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                                         | Teachers Insurance & Annuity Association of America                              | CUSIP: 878091BF3<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |    700000 | PA      | $562778.24    | 0.07%             | 2047-05-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                                             | Telecom Argentina SA                                                             | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |    174238 | PA      | $180403.71    | 0.02%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                                           | Telecom Italia Capital SA                                                        | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    520000 | PA      | $579117.24    | 0.08%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                              | Somnigroup International Inc                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |     66000 | PA      | $60004.14     | 0.01%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1097000 | PA      | $1121279.90   | 0.15%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | Tenet Healthcare Corp                                                            | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    431000 | PA      | $436105.63    | 0.06%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | Tenet Healthcare Corp                                                            | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    295000 | PA      | $292279.13    | 0.04%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                                      | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    527000 | PA      | $525125.62    | 0.07%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc                                                      | Tenneco Inc 2022 Term Loan A                                                     | CUSIP: 88037HAN4<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |     39082 | PA      | $37983.06     | 0.00%             | 2028-11-17      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc                                                      | Tenneco Inc 2022 Term Loan B                                                     | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |    314046 | PA      | $305638.99    | 0.04%             | 2028-11-17      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                       | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |     42000 | PA      | $41378.64     | 0.01%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                       | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    253000 | PA      | $254649.11    | 0.03%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CMG Media Corporation                                            | CMG Media Corporation 2024 Term Loan                                             | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    391332 | PA      | $365503.82    | 0.05%             | 2029-06-18      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                          | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    521000 | PA      | $515961.93    | 0.07%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                          | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $408880.00    | 0.05%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                           | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1943000 | PA      | $1895533.09   | 0.25%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TIDEWATER INC                                                    | Tidewater Inc                                                                    | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |    280000 | PA      | $298292.96    | 0.04%             | 2030-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                        | Towd Point Mortgage Trust 2017-4                                                 | CUSIP: 89173UAA5<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |     10913 | PA      | $10736.21     | 0.00%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                                                   | TransAlta Corp                                                                   | CUSIP: 89346DAL1<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |    343000 | PA      | $340691.39    | 0.04%             | 2034-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    848000 | PA      | $858294.72    | 0.11%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1979000 | PA      | $2015934.06   | 0.26%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1778000 | PA      | $1813328.86   | 0.24%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    960000 | PA      | $959461.06    | 0.13%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2379000 | PA      | $2366315.89   | 0.31%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                    | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    263000 | PA      | $265901.15    | 0.03%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                    | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4034000 | PA      | $4086865.57   | 0.53%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                    | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1953000 | PA      | $1920858.31   | 0.25%             | 2034-07-31      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                                          | TransMontaigne Partners LLC                                                      | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     76000 | PA      | $76831.52     | 0.01%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                                         | Transocean International Ltd                                                     | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    273000 | PA      | $291700.50    | 0.04%             | 2032-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                                         | Transocean International Ltd                                                     | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    140000 | PA      | $145627.02    | 0.02%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                                         | Transocean International Ltd                                                     | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     48000 | PA      | $49596.19     | 0.01%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                                         | Transocean International Ltd                                                     | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    845000 | PA      | $886234.31    | 0.12%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                                 | TRESTLES CLO 2017-1 Ltd                                                          | CUSIP: 89531FBG1<br>LEI: 254900QSBDX181YYBH38 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250271.25    | 0.03%             | 2037-07-25      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                                | Trinidad & Tobago Government International Bond                                  | CUSIP: 896292AN9<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |    392000 | PA      | $388080.00    | 0.05%             | 2036-01-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                            | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $216541.80    | 0.03%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                            | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    180000 | PA      | $188330.94    | 0.02%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                                    | Truist Insurance Holdings LLC 2nd Lien Term Loan                                 | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    385125 | PA      | $380673.21    | 0.05%             | 2032-05-06      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| TRUST 2401                                                       | Trust 2401                                                                       | CUSIP: 89834MAB2<br>LEI: N/A                  | Long             | DBT              |  | MX        |    200000 | PA      | $213662.00    | 0.03%             | 2032-01-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                         | Turkcell Iletisim Hizmetleri AS                                                  | CUSIP: 900111AD7<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $203252.00    | 0.03%             | 2032-01-24      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                                         | Turk Telekomunikasyon AS                                                         | CUSIP: 90011QAE0<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $194718.00    | 0.03%             | 2032-10-07      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                           | Turkiye Government International Bonds                                           | CUSIP: 900123DP2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    400000 | PA      | $400600.00    | 0.05%             | 2032-02-12      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                              | Turkiye Government International Bond                                            | CUSIP: 900123DT4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $189050.00    | 0.02%             | 2033-03-14      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                                                    | Coherent Corp                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    547000 | PA      | $536510.07    | 0.07%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                     | UBS Group AG                                                                     | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   5300000 | PA      | $5969066.70   | 0.78%             | 2033-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                     | UBS Group AG                                                                     | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $213165.04    | 0.03%             | 2028-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                          | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   1094000 | PA      | $1069183.08   | 0.14%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                     | US Foods Inc                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    191000 | PA      | $188460.52    | 0.02%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                     | US Foods Inc                                                                     | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    346000 | PA      | $358029.54    | 0.05%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                               | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    794000 | PA      | $755919.76    | 0.10%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                                       | USI Inc/NY                                                                       | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |    928000 | PA      | $940211.55    | 0.12%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                 | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    784000 | PA      | $739446.73    | 0.10%             | 2030-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                 | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    881000 | PA      | $802313.93    | 0.10%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                                   | US Bank NA                                                                       | CUSIP: 90355PAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $895811.94    | 0.12%             | 2046-12-25      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                                          | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    931000 | PA      | $899391.06    | 0.12%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                               | Union Pacific Corp                                                               | CUSIP: 907818FT0<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    275000 | PA      | $211591.52    | 0.03%             | 2041-05-20      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS                                         | United Airlines Holdings Inc                                                     | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    492000 | PA      | $481823.82    | 0.06%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                            | Mexico Government International Bond                                             | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    400000 | PA      | $390800.00    | 0.05%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                            | Mexico Government International Bond                                             | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    324000 | PA      | $313308.00    | 0.04%             | 2035-09-22      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                            | Mexico Government International Bond                                             | CUSIP: 91087BBQ2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    210000 | PA      | $206220.00    | 0.03%             | 2034-02-09      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                            | Mexico Government International Bond                                             | CUSIP: 91087BBR0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $195400.00    | 0.03%             | 2038-02-09      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                                         | United Natural Foods Inc                                                         | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    257000 | PA      | $257202.52    | 0.03%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                          | United Rentals North America Inc                                                 | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    881000 | PA      | $856666.43    | 0.11%             | 2033-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                           | UnitedHealth Group Inc                                                           | CUSIP: 91324PCA8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    750000 | PA      | $606487.29    | 0.08%             | 2042-10-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                                          | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              |  | US        |    105000 | PA      | $98760.54     | 0.01%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                          | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    467000 | PA      | $453568.40    | 0.06%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                          | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1296000 | PA      | $1319957.56   | 0.17%             | 2032-06-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                         | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1196000 | PA      | $1213930.43   | 0.16%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                         | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    807000 | PA      | $810938.16    | 0.11%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                         | Univision Communications Inc                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1451000 | PA      | $1495422.60   | 0.20%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                                   | Upgrade Master Pass-Thru Trust Series 2025-ST4                                   | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    144158 | PA      | $144478.27    | 0.02%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                                   | Upgrade Master Pass-Thru Trust Series 2025-ST7                                   | CUSIP: 91533RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    326802 | PA      | $326855.99    | 0.04%             | 2032-11-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                                   | Upgrade Master Pass-Thru Trust Series 2025-ST7                                   | CUSIP: 91533RAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185000 | PA      | $184909.74    | 0.02%             | 2032-11-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                                   | Upgrade Master Pass-Thru Trust Series 2025-ST8                                   | CUSIP: 91535UAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $149176.25    | 0.02%             | 2033-12-15      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 Issuer Trust                                      | UPX HIL 2025-1 Issuer Trust                                                      | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250446 | PA      | $249405.86    | 0.03%             | 2047-01-25      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                         | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    509000 | PA      | $520796.67    | 0.07%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                         | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1330801.43   | 0.17%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                             | Republic of Uzbekistan International Bond                                        | CUSIP: 91822QVX2<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    200000 | PA      | $208625.34    | 0.03%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                                 | VB-S1 Issuer LLC                                                                 | CUSIP: 91825HAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    977000 | PA      | $981123.92    | 0.13%             | 2056-03-15      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| VRTX Trust                                                       | VRTX Trust 2025-HQ                                                               | CUSIP: 91835XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $616562.91    | 0.08%             | 2042-08-05      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                 | Vail Resorts Inc                                                                 | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    479000 | PA      | $484398.33    | 0.06%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                 | Vail Resorts Inc                                                                 | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    278000 | PA      | $275700.25    | 0.04%             | 2030-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                                      | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: 5299008BQ9IREYWBTS30 | Long             | DBT              | CORP              | BM        |    232000 | PA      | $240396.31    | 0.03%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                            | Vale Overseas Ltd                                                                | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |     73000 | PA      | $73451.14     | 0.01%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                            | Vale Overseas Ltd                                                                | CUSIP: 91911TAT0<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $197380.00    | 0.03%             | 2056-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SACA                                                   | Vallourec SACA                                                                   | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    555000 | PA      | $581647.22    | 0.08%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                                | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $209400.00    | 0.03%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| VEGAS Trust                                                      | VEGAS 2024-GCS                                                                   | CUSIP: 92254BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    572000 | PA      | $569097.67    | 0.07%             | 2036-07-10      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                           | Velocity Commercial Capital Loan Trust 2026-1                                    | CUSIP: 92262WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    399887 | PA      | $394283.64    | 0.05%             | 2056-02-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                            | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    505000 | PA      | $555098.02    | 0.07%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                            | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1728000 | PA      | $1936704.38   | 0.25%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                            | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1172000 | PA      | $1221744.70   | 0.16%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                            | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1661000 | PA      | $1759251.47   | 0.23%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                            | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1002000 | PA      | $1030482.85   | 0.13%             | 2030-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2099000 | PA      | $2182908.24   | 0.29%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $2011207.58   | 0.26%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   3341000 | PA      | $3588193.91   | 0.47%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                             | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    221000 | PA      | $229673.81    | 0.03%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                           | Verizon Communications Inc                                                       | CUSIP: 92343VEA8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484966.85    | 0.06%             | 2033-08-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                           | Verizon Communications Inc                                                       | CUSIP: 92343VFV1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $718627.14    | 0.09%             | 2060-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                           | Verizon Communications Inc                                                       | CUSIP: 92343VHH0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1548342.97   | 0.20%             | 2045-11-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2024-R1                                               | CUSIP: 924926AA6<br>LEI: 213800A8V9BALJ9WKP38 | Long             | ABS-MBS          | CORP              | US        |   1375044 | PA      | $1378448.15   | 0.18%             | 2069-09-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2023-5                                                | CUSIP: 924934AA0<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-MBS          | CORP              | US        |    583455 | PA      | $583238.92    | 0.08%             | 2068-06-25      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2025-11                                               | CUSIP: 924935AK5<br>LEI: 213800H1O4C5SRNN4B66 | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $889463.52    | 0.12%             | 2070-11-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                                          | Versant Media Group Inc                                                          | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |    184000 | PA      | $188305.78    | 0.02%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                         | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    566000 | PA      | $564520.48    | 0.07%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2022-3                                                | CUSIP: 92538UAA9<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |    359035 | PA      | $342984.75    | 0.04%             | 2067-02-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2024-8                                                | CUSIP: 92540PAA6<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-MBS          | CORP              | US        |   1270706 | PA      | $1272624.60   | 0.17%             | 2069-10-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                                              | Viavi Solutions Inc                                                              | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |     67000 | PA      | $62861.44     | 0.01%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                      | Viatris Inc                                                                      | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    392000 | PA      | $380103.67    | 0.05%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     66000 | PA      | $66121.37     | 0.01%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | Viking Cruises Ltd                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    708000 | PA      | $746901.06    | 0.10%             | 2031-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | Viking Cruises Ltd                                                               | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    815000 | PA      | $804659.15    | 0.11%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                                         | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    206000 | PA      | $205688.82    | 0.03%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                         | Virginia Electric and Power Co                                                   | CUSIP: 927804FE9<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    750000 | PA      | $807428.96    | 0.11%             | 2037-11-30      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Visio Trust                                                      | Visio 2023-2 Trust                                                               | CUSIP: 92839CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1094173 | PA      | $1095867.57   | 0.14%             | 2058-10-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                                 | Vista Point Securitization Trust 2024-CES1                                       | CUSIP: 92839HAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735000 | PA      | $745221.79    | 0.10%             | 2054-05-25      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                      | Vistra Corp                                                                      | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242544.00    | 0.03%             | 2026-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                      | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    267000 | PA      | $267342.28    | 0.03%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                         | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    480000 | PA      | $502791.19    | 0.07%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                         | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    438000 | PA      | $453306.95    | 0.06%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                         | Vistra Operations Co LLC                                                         | CUSIP: 92840VAZ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1956387.00   | 0.26%             | 2036-01-31      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                         | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     77000 | PA      | $80531.22     | 0.01%             | 2033-06-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                                 | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $687071.28    | 0.09%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                                 | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    602000 | PA      | $517940.50    | 0.07%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                                           | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAE0<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    397000 | PA      | $354697.78    | 0.05%             | 2033-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                                         | Volcan Cia Minera SAA                                                            | CUSIP: 92863UAD8<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |    203000 | PA      | $206532.20    | 0.03%             | 2032-10-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                                                    | VoltaGrid LLC                                                                    | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |   2391000 | PA      | $2469446.32   | 0.32%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VTR Commercial Mortgage Trust                                    | VTR Commercial Mortgage Trust 2025-STEM                                          | CUSIP: 92890YAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    381000 | PA      | $375622.68    | 0.05%             | 2039-10-13      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                               | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    414000 | PA      | $429820.60    | 0.06%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                             | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   3178000 | PA      | $2922868.35   | 0.38%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                             | WR Grace Holdings LLC                                                            | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    354000 | PA      | $354913.32    | 0.05%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                             | WR Grace Holdings LLC                                                            | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    705000 | PA      | $686920.50    | 0.09%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                             | WR Grace Holdings LLC                                                            | CUSIP: 92943GAH4<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   1111000 | PA      | $1078975.43   | 0.14%             | 2033-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WR Grace & Co-Conn                                               | WR Grace & Co-Conn 2025 Term Loan B                                              | CUSIP: 92943HAD1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | LON              | CORP              | US        |    193030 | PA      | $192145.92    | 0.03%             | 2032-08-19      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| LUXCO3 SHARES                                                    | LUXCO3 SHARES                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |     15328 | NS      | $255122.96    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                                              | Walker & Dunlop Inc                                                              | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $190647.74    | 0.02%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                        | BlackRock Liquidity Funds: T-Fund, Institutional Shares                          | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   4437972 | NS      | $4437971.94   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUATE PETROCHEMICAL CO                                          | Equate Petrochemical Co KSCC                                                     | CUSIP: 000000000<br>LEI: 635400J73BDO4TTGXD45 | Long             | DBT              | CORP              | KW        |    200000 | PA      | $197937.50    | 0.03%             | 2026-11-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                                   | WaMu Asset-Backed Certificates WaMu Series 2007-HE3 Trust                        | CUSIP: 93364EAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4823017 | PA      | $4360959.47   | 0.57%             | 2037-05-25      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Wand NewCo 3 Inc                                                 | Wand NewCo 3 Inc 2025 Repriced Term Loan B                                       | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |    376466 | PA      | $372938.81    | 0.05%             | 2031-01-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                                 | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   1336000 | PA      | $1366055.95   | 0.18%             | 2032-01-30      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                                          | Warwick Capital CLO 5 Ltd                                                        | CUSIP: 93656FAA6<br>LEI: 254900WYTOTUQQSCN403 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250149.80    | 0.03%             | 2038-01-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                | Waste Pro USA Inc                                                                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   2341000 | PA      | $2367338.59   | 0.31%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO                                         | Watco Cos LLC / Watco Finance Corp                                               | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    291000 | PA      | $298861.37    | 0.04%             | 2032-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                                         | Weatherford International Ltd                                                    | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   1023000 | PA      | $1045269.69   | 0.14%             | 2033-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN                                         | Weekley Homes LLC / Weekley Finance Corp                                         | CUSIP: 948565AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    274000 | PA      | $262422.65    | 0.03%             | 2034-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                                             | Lorca Telecom Bondco SA                                                          | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $118654.73    | 0.02%             | 2029-04-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                            | Wells Fargo Commercial Mortgage Trust 2016-LC25                                  | CUSIP: 95000JAV0<br>LEI: 549300PX4QZK7CUM8D08 | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1592159.68   | 0.21%             | 2059-12-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                            | Wells Fargo Commercial Mortgage Trust 2024-BPRC                                  | CUSIP: 95004AAJ2<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250061.04    | 0.03%             | 2043-07-15      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                            | Wells Fargo Commercial Mortgage Trust 2025-C65                                   | CUSIP: 95004WAD7<br>LEI: 549300PX4QZK7CUM8D08 | Long             | ABS-MBS          | CORP              | US        |   1315000 | PA      | $1332997.09   | 0.17%             | 2058-10-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    197000 | PA      | $201635.41    | 0.03%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    353000 | PA      | $359622.99    | 0.05%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO Distribution Inc                                                           | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    327000 | PA      | $325048.10    | 0.04%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO Distribution Inc                                                           | CUSIP: 95081QAU8<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    519000 | PA      | $511136.63    | 0.07%             | 2034-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| QUORUM RESTRUCTURING EQUITY                                      | QUORUM RESTRUCTURING EQUITY                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3969 | NS      | $1984.50      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WOM NEW HOLDCO COMMON                                            | WOM NEW HOLDCO COMMON                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       485 | NS      | $11155.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VERITAS SERIES G 1 PREFERRED                                     | VERITAS SERIES G 1 PREFERRED                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       582 | NS      | $11058.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WEX INC                                                          | WEX Inc                                                                          | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    518000 | PA      | $507418.24    | 0.07%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Whetstone Park CLO Ltd                                           | Whetstone Park CLO Ltd                                                           | CUSIP: 96329YAC1<br>LEI: 549300M54M5QSBMB3780 | Long             | ABS-CBDO         | CORP              | KY        |    275000 | PA      | $274953.61    | 0.04%             | 2035-01-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                                              | White Cap Buyer LLC 2024 Term Loan B                                             | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    648325 | PA      | $622152.44    | 0.08%             | 2029-10-19      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                              | White Cap Buyer LLC 2026 Incremental Term Loan B                                 | CUSIP: 96350TAK6<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    266000 | PA      | $252479.22    | 0.03%             | 2033-02-10      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| IMPULSORA PIPELINE                                               | Impulsora Pipeline                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1379364 | PA      | $1206190.10   | 0.16%             | 2043-01-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDING                                         | White Cap Supply Holdings LLC                                                    | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |   3754000 | PA      | $3641352.97   | 0.48%             | 2030-11-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                                         | Wildfire Intermediate Holdings LLC                                               | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    468000 | PA      | $474209.42    | 0.06%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VERITAS SERIES G PREFERRED STO                                   | VERITAS SERIES G PREFERRED STO                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       842 | NS      | $15998.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                            | Williams Scotsman Inc                                                            | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    301000 | PA      | $308638.78    | 0.04%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                            | Williams Scotsman Inc                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49550.96     | 0.01%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                            | Williams Scotsman Inc                                                            | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    693000 | PA      | $703941.78    | 0.09%             | 2030-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Wilsonart LLC                                                    | Wilsonart LLC 2024 Term Loan B                                                   | CUSIP: 97246FAM8<br>LEI: 549300SAZRUMYKDJBY14 | Long             | LON              | CORP              | US        |    273189 | PA      | $236991.06    | 0.03%             | 2031-08-05      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| WILSONART LLC                                                    | Wilsonart LLC                                                                    | CUSIP: 97246JAA6<br>LEI: 549300SAZRUMYKDJBY14 | Long             | DBT              | CORP              | US        |    475000 | PA      | $344318.90    | 0.05%             | 2032-08-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                         | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2848052.83   | 0.37%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Windstream Services LLC                                          | Windstream Services LLC 2025 Term Loan B                                         | CUSIP: 97381JAK9<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |    318202 | PA      | $318005.21    | 0.04%             | 2032-10-06      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| UNITI SERVICES LLC                                               | Uniti Services LLC                                                               | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   1206000 | PA      | $1253819.90   | 0.16%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Wireless PropCo Funding LLC                                      | Wireless PropCo Funding LLC                                                      | CUSIP: 97655EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $687327.77    | 0.09%             | 2055-06-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| WOM CHILE HOLDCO SPA                                             | WOM Chile Holdco SpA                                                             | CUSIP: 97810KAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    158217 | PA      | $143509.15    | 0.02%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOM MOBILE SA                                                    | WOM Mobile SA                                                                    | CUSIP: 97810LAA7<br>LEI: 549300T600VUO0QJ3063 | Long             | DBT              | CORP              | CL        |     10894 | PA      | $11014.92     | 0.00%             | 2031-04-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                                 | WULF Compute LLC                                                                 | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1737000 | PA      | $1835453.16   | 0.24%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                                         | Wyndham Hotels & Resorts Inc                                                     | CUSIP: 98311AAE5<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    241000 | PA      | $237138.46    | 0.03%             | 2033-03-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                         | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    958000 | PA      | $945613.92    | 0.12%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                         | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $288267.38    | 0.04%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                         | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    606000 | PA      | $599697.24    | 0.08%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                   | Wynn Macau Ltd                                                                   | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    610000 | PA      | $583190.50    | 0.08%             | 2029-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                   | Wynn Macau Ltd                                                                   | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   1163000 | PA      | $1143185.39   | 0.15%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                   | Wynn Macau Ltd                                                                   | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194500.00    | 0.03%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                           | XHR LP                                                                           | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    156000 | PA      | $157498.38    | 0.02%             | 2030-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                           | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98379YAA0<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1117000 | PA      | $1153583.98   | 0.15%             | 2034-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                           | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1456000 | PA      | $1532732.66   | 0.20%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                           | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    736000 | PA      | $777524.43    | 0.10%             | 2033-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                          | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    970732 | PA      | $965043.51    | 0.13%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                          | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAD7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    437369 | PA      | $408493.90    | 0.05%             | 2030-09-09      | Fixed         | 13.75%                | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                          | Zayo Group Holdings Inc 2025 USD Term Loan                                       | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   2385465 | PA      | $2338566.99   | 0.31%             | 2030-03-11      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                                          | Zebra Technologies Corp                                                          | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    184000 | PA      | $185254.14    | 0.02%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                                                 | Ziggo Bond Co BV                                                                 | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    295000 | PA      | $253135.08    | 0.03%             | 2030-02-28      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                                         | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    573000 | PA      | $535115.59    | 0.07%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP LEVEL 3 FIN                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -3175562 | PA      | $-3175562.50  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP TRANSDIGM I                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -3254062 | PA      | $-3254062.50  | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP ENBRIDGE IN                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2756250 | PA      | $-2756250.00  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP LOWES COMPA                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -277500 | PA      | $-277500.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP GLENCORE FU                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -601776 | PA      | $-601776.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP SHELL FINAN                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -361462 | PA      | $-361462.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP BECTON DICK                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -523500 | PA      | $-523500.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP ORACLE CORP                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -577500 | PA      | $-577500.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP RAYTHEON TE                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -588875 | PA      | $-588875.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP RAYMOND JAM                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -357000 | PA      | $-357000.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP BAT CAPITAL                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -545985 | PA      | $-545985.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP USA COMPRES                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -965700 | PA      | $-965700.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP NORTHROP GR                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -611150 | PA      | $-611150.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP FEDEX CORP                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -392500 | PA      | $-392500.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP MERITAGE HO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -499509 | PA      | $-499508.75   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP LEVEL 3 FIN                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2487905 | PA      | $-2487905.31  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP HUB INTERNA                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -3674825 | PA      | $-3674825.00  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP COMSTOCK RE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -400575 | PA      | $-400575.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                          | RRP BROADCOM IN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -633463 | PA      | $-633462.65   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP PNC FINANCI                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -3925000 | PA      | $-3925000.00  | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP BANK OF AME                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -3630456 | PA      | $-3630456.25  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP BANK OF NEW                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2652962 | PA      | $-2652962.50  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP ENERGY TRAN                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -485181 | PA      | $-485181.25   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP HUB INTERNA                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -6696550 | PA      | $-6696550.00  | -0.88%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP FORD MOTOR                                                                   | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1170312 | PA      | $-1170312.50  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP WHITE CAP S                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2820319 | PA      | $-2820318.75  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP ECHOSTAR CO                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2984284 | PA      | $-2984284.28  | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP WULF COMPUT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1248320 | PA      | $-1248320.00  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP CIPHER COMP                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -900025 | PA      | $-900025.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP DIRECTV FIN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -755849 | PA      | $-755848.75   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP CENTURY COM                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -381716 | PA      | $-381716.25   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP HARVEST MID                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -140752 | PA      | $-140752.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP HOWARD MIDS                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -401362 | PA      | $-401362.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP ONEMAIN FIN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -409450 | PA      | $-409450.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP ASCENT RESO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -225620 | PA      | $-225620.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP VOLTAGRID L                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2160866 | PA      | $-2160866.25  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP PHILIP MORR                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -716625 | PA      | $-716625.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP VIRGINIA EL                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -789375 | PA      | $-789375.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP QUALCOMM IN                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -563500 | PA      | $-563500.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP MORGAN STAN                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |  -3003750 | PA      | $-3003750.00  | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP UNITEDHEALT                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -596250 | PA      | $-596250.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP JPMORGAN CH                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2148750 | PA      | $-2148750.00  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP UBS AG (STA                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -891990 | PA      | $-891990.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP JPMORGAN CH                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2988750 | PA      | $-2988750.00  | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP ASURION LLC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1189112 | PA      | $-1189112.50  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP CORNING INC                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |  -1488912 | PA      | $-1488912.50  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                                        | RRP PACIFIC GAS                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |  -1484438 | PA      | $-1484437.50  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                           | RRP WYNN RESORT                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -243719 | PA      | $-243718.75   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | RRP VISTRA OPER                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1852500 | PA      | $-1852500.00  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | RRP NRG ENERGY                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -938750 | PA      | $-938750.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | RRP ROCKET COMP                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -916000 | PA      | $-916000.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | RRP LIFEPOINT H                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -857246 | PA      | $-857246.25   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | RRP HCA INC 5.7                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1474688 | PA      | $-1474687.50  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | RRP SERVICE PRO                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -2044125 | PA      | $-2044125.00  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | RRP GILEAD SCIE                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -553000 | PA      | $-553000.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                               | RRP MEXICO (UNI                                                                  | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Short            | RA               | CORP              | US        |   -307253 | PA      | $-307253.27   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | RRP VERIZON COM                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -675000 | PA      | $-675000.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP HOWDEN UK R                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1522287 | PA      | $-1522287.20  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP CHARTER COM                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2238750 | PA      | $-2238750.00  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP LEVEL 3 FIN                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2682420 | PA      | $-2682420.00  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP NRG ENERGY                                                                   | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2578388 | PA      | $-2578387.50  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | RRP BEIGNET INV                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -8844555 | PA      | $-8844555.00  | -1.16%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP CLOUD SOFTW                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |    -11010 | PA      | $-11010.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | RRP STAR PARENT                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -886290 | PA      | $-886290.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP BLOCK INC 6                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1895040 | PA      | $-1895040.00  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP OLYMPUS WAT                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2587424 | PA      | $-2587423.75  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP WASTE PRO U                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2191761 | PA      | $-2191761.25  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP PANTHER ESC                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -3897355 | PA      | $-3897355.00  | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP ALLY FINANC                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2431735 | PA      | $-2431735.00  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                            | RRP ORACLE CORP                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -898931 | PA      | $-898931.25   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                          | RRP VITAL ENERG                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -211041 | PA      | $-211041.25   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                          | RRP ACADIA HEAL                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -130410 | PA      | $-130410.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                          | RRP PACIFIC GAS                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -753025 | PA      | $-753025.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                          | RRP COREWEAVE I                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -358785 | PA      | $-358785.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                          | RRP CELANESE US                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -194162 | PA      | $-194162.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                          | RRP CLOUD SOFTW                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |  -1554995 | PA      | $-1554995.00  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | RRP CLEAR CHANN                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2587069 | PA      | $-2587068.75  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ00ZF01 RRP EMRLD BORRO                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2683081 | PA      | $-2683081.25  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED SITE SERVICES EQUITY                                      | UNITED SITE SERVICES EQUITY                                                      | CUSIP: 000000000<br>LEI: 549300GL21HVHPARNB76 | Long             | EC               | CORP              | US        |      5689 | NS      | $41245.25     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| BNP PARIBAS SA                                                   | BYJ046C38 RRP CHENIERE EN                                                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -2007159 | PA      | $-2007158.89  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ08VWV5 RRP SV RNO PROP                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -3359239 | PA      | $-3359238.75  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                               | BYJ090ZQ0 RRP COLOMBIA (R                                                        | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Short            | RA               | CORP              | US        |   -180428 | PA      | $-180427.63   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ0PVDD7 RRP UNITI SERVI                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2506840 | PA      | $-2506840.00  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                          | RRP JELD WEN HO                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |    -44378 | PA      | $-44377.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                          | RRP GRAFTECH GL                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |    -83938 | PA      | $-83937.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSKX8 RRP FGOLD 15YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -1557644 | PA      | $-1557644.25  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSKY6 RRP FHLMC 15YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -4905452 | PA      | $-4905451.70  | -0.64%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSKZ3 RRP FGOLD 20YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -2470602 | PA      | $-2470602.26  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSL09 RRP FHLMC 15YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |   -434453 | PA      | $-434452.67   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSL17 RRP FHLMC 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -4097865 | PA      | $-4097864.60  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSL25 RRP FHLMC 15YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |   -284452 | PA      | $-284451.76   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSL41 RRP FHLMC 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -6132469 | PA      | $-6132468.85  | -0.80%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSL58 RRP FHLMC 20YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -2255926 | PA      | $-2255925.72  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSL66 RRP FHLMC 20YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -8059643 | PA      | $-8059643.20  | -1.05%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLA7 RRP FNMA 30YR F                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -4852692 | PA      | $-4852691.65  | -0.63%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSL90 RRP FNMA 30YR F                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -5542202 | PA      | $-5542202.25  | -0.73%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLB5 RRP FNMA 10YR U                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |   -939880 | PA      | $-939880.09   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLE9 RRP FNMA 30YR U                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -7368462 | PA      | $-7368462.14  | -0.96%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLG4 RRP FNMA 30YR U                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -3455267 | PA      | $-3455267.45  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLF6 RRP FNMA 30YR U                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -4490037 | PA      | $-4490036.85  | -0.59%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLH2 RRP FNMA 30YR U                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        | -21881366 | PA      | $-21881366.33 | -2.86%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLJ8 RRP FNMA 30YR U                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -1442930 | PA      | $-1442930.12  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLL3 RRP FNMA 15YR U                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -4540925 | PA      | $-4540925.49  | -0.59%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLK5 RRP FNMA 30YR U                                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        | -23387723 | PA      | $-23387723.05 | -3.06%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLN9 RRP FHLMC 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -7552158 | PA      | $-7552158.20  | -0.99%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLP4 RRP GNMA2 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |   -139377 | PA      | $-139377.24   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLQ2 RRP FHLMC 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |  -7558790 | PA      | $-7558790.14  | -0.99%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLR0 RRP GNMA2 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |   -368125 | PA      | $-368124.79   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLS8 RRP GNMA2 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |   -184729 | PA      | $-184728.55   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLT6 RRP GNMA2 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |    -96567 | PA      | $-96567.35    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLU3 RRP GNMA2 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |   -159889 | PA      | $-159889.05   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                     | BYJ0TSLV1 RRP GNMA2 30YR                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |   -170504 | PA      | $-170503.68   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WGGG2 RRP DIGICEL INT                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2185986 | PA      | $-2185986.32  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WGGH0 RRP DIGICEL INT                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -350267 | PA      | $-350266.53   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WGGS6 RRP GARDA WORLD                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2841435 | PA      | $-2841435.00  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WGH71 RRP ENBRIDGE IN                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -1781075 | PA      | $-1781075.00  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WGHC0 RRP UBS GROUP A                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -4168994 | PA      | $-4168994.00  | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WGHD8 RRP UBS GROUP A                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -532212 | PA      | $-532212.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WGJ61 RRP HOWDEN UK R                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2144677 | PA      | $-2144677.05  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WGJU8 RRP STANDARD CH                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -481480 | PA      | $-481480.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WGJV6 RRP HSBC HOLDIN                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -217235 | PA      | $-217235.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WGKJ1 RRP EFESTO BIDC                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2057424 | PA      | $-2057424.00  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WGKQ5 RRP ARDONAGH GR                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2587356 | PA      | $-2587356.44  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WGLA9 RRP LIMA METRO                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -3137043 | PA      | $-3137042.85  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WGM91 RRP POLAND (REP                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -132820 | PA      | $-132819.77   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WGN17 RRP PNC FINANCI                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -151710 | PA      | $-151710.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WGN41 RRP JPMORGAN CH                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -3780000 | PA      | $-3780000.00  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WGUQ4 RRP FRONTIER CO                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -1518450 | PA      | $-1518450.00  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WH184 RRP AMERICAN TO                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -827500 | PA      | $-827500.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WH473 RRP BROADCOM IN                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -932500 | PA      | $-932500.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WH523 RRP NAVIENT COR                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -327500 | PA      | $-327500.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WH5Y3 RRP CLARIOS GLO                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2071619 | PA      | $-2071618.75  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WH7Z8 RRP VERIZON COM                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -463125 | PA      | $-463125.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WH7G0 RRP QUALCOMM IN                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -400500 | PA      | $-400500.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHB00 RRP FEDEX CORP                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -437500 | PA      | $-437500.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WHCW9 RRP MICRON TECH                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -1021250 | PA      | $-1021250.00  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHFF3 RRP ALTRIA GROU                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -514688 | PA      | $-514687.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHFH9 RRP APACHE CORP                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -640000 | PA      | $-640000.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHFW6 RRP CVS HEALTH                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -1044788 | PA      | $-1044787.50  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHG05 RRP ALPHABET IN                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -1464025 | PA      | $-1464025.00  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | RRP AT+T INC 4.                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -2005280 | PA      | $-2005280.00  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHG47 RRP VERIZON COM                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -1486650 | PA      | $-1486650.00  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHG54 RRP ENERGY TRAN                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -460000 | PA      | $-460000.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHG62 RRP ANHEUSER BU                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -1694400 | PA      | $-1694400.00  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHGJ4 RRP BAT CAPITAL                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -536579 | PA      | $-536578.90   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHGK1 RRP NORTHWELL H                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -532508 | PA      | $-532507.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BYJ0WHJM4 RRP LOCKHEED MA                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -428450 | PA      | $-428450.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                             | BYJ0WHJY8 RRP ORACLE CORP                                                        | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2413950 | PA      | $-2413950.00  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ0WPBA0 RRP UKG INC 6.8                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -969558 | PA      | $-969557.50   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ0YQ489 RRP VENTURE GLO                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1996674 | PA      | $-1996673.75  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ0YY961 RRP TRANSDIGM I                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2194628 | PA      | $-2194627.50  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ0YY979 RRP ALLIANT HOL                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -2053642 | PA      | $-2053642.50  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| TD Securities USA LLC                                            | BYJ11R0J1 RRP METHANEX US                                                        | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -214486 | PA      | $-214486.25   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                         | BYJ1CTKZ7 RRP ITT HOLDING                                                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -183438 | PA      | $-183437.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                         | BYJ1CTU29 RRP SURGERY CEN                                                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -625695 | PA      | $-625695.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                         | BYJ1CTUS2 RRP SHIFT4 PAYM                                                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -564300 | PA      | $-564300.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                         | BYJ1CU2D3 RRP FIRSTENERGY                                                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |  -2182400 | PA      | $-2182400.00  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                         | BYJ1CU2H4 RRP APPLE INC 2                                                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -466000 | PA      | $-466000.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                         | BYJ1CU2K7 RRP AMAZON.COM                                                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |  -2205200 | PA      | $-2205200.00  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                         | BYJ1CU3G5 RRP CVS HEALTH                                                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |  -2022131 | PA      | $-2022131.25  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| TD Securities USA LLC                                            | BYJ1D48D4 RRP VENTURE GLO                                                        | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3336824 | PA      | $-3336823.75  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ1D4T74 RRP MAUSER PACK                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -3710295 | PA      | $-3710295.00  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7KY7 RRP BALL CORPOR                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -203680 | PA      | $-203680.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7L91 RRP SNAP INC 6.                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -467399 | PA      | $-467398.75   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7LB6 RRP GRAY MEDIA                                                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -83688 | PA      | $-83687.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7LJ9 RRP HERC HOLDIN                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -132175 | PA      | $-132175.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7LX8 RRP ALPHA GENER                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -345950 | PA      | $-345950.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7LZ3 RRP NCL CORPORA                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1038485 | PA      | $-1038485.40  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7M58 RRP ABBVIE INC                                                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1385625 | PA      | $-1385625.00  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7M82 RRP TEREX CORPO                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -31605 | PA      | $-31605.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7MG4 RRP CHS/COMMUNI                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1657432 | PA      | $-1657432.50  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7ML3 RRP W R GRACE H                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1130220 | PA      | $-1130220.00  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7MU3 RRP BANK OF MON                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2962500 | PA      | $-2962500.00  | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7MW9 RRP CLEAR CHANN                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -704975 | PA      | $-704975.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7N32 RRP ALBERTSONS                                                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -195435 | PA      | $-195435.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7N40 RRP DUKE ENERGY                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1241250 | PA      | $-1241250.00  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7N57 RRP KODIAK GAS                                                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -694035 | PA      | $-694035.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7N73 RRP MEDLINE BOR                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -875925 | PA      | $-875925.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7NG3 RRP USI INC 7.5                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -448140 | PA      | $-448140.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7NK4 RRP DARLING ING                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -64155 | PA      | $-64155.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7P14 RRP CLARIVATE S                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -718648 | PA      | $-718647.50   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7P22 RRP OUTFRONT ME                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -88908 | PA      | $-88907.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PE6 RRP LIVE NATION                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -231040 | PA      | $-231040.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PH9 RRP CLOUD SOFTW                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1170400 | PA      | $-1170400.00  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PJ5 RRP ARDONAGH FI                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2162503 | PA      | $-2162502.72  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PK2 RRP AVANTOR FUN                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -410091 | PA      | $-410091.25   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PL0 RRP CCO HOLDING                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1365312 | PA      | $-1365312.50  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PM8 RRP LAMB WESTON                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -301740 | PA      | $-301740.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PR7 RRP FORTRESS IN                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -767212 | PA      | $-767212.50   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PS5 RRP FRONTIER CO                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1101982 | PA      | $-1101982.50  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PT3 RRP LIGHT AND W                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -85250 | PA      | $-85250.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7PY2 RRP SURGERY CEN                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -889305 | PA      | $-889305.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7Q21 RRP CONSTELLIUM                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1088205 | PA      | $-1088205.12  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7Q47 RRP GOLDMAN SAC                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1877500 | PA      | $-1877500.00  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7Q54 RRP RESIDEO FUN                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -373725 | PA      | $-373725.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7Q62 RRP UNIVISION C                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -273675 | PA      | $-273675.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QC9 RRP AMENTUM HOL                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -90131 | PA      | $-90131.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QD7 RRP CRESCENT EN                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -244140 | PA      | $-244140.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QE5 RRP DIRECTV FIN                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -386032 | PA      | $-386032.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QF2 RRP PENNYMAC FI                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -208478 | PA      | $-208477.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QG0 RRP MICROSOFT C                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2169938 | PA      | $-2169937.50  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QH8 RRP KODIAK GAS                                                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -391250 | PA      | $-391250.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QK1 RRP COHERENT CO                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -410250 | PA      | $-410250.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QL9 RRP CLOUD SOFTW                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -854562 | PA      | $-854562.50   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QM7 RRP CAESARS ENT                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1245676 | PA      | $-1245676.25  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QN5 RRP DEUTSCHE BA                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -784682 | PA      | $-784682.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QR6 RRP ZAYO GROUP                                                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -585399 | PA      | $-585399.20   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QT2 RRP NOVELIS COR                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -442642 | PA      | $-442642.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QU9 RRP SOTHEBYS 7.                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -772160 | PA      | $-772160.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7QY1 RRP GRAY MEDIA                                                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -632420 | PA      | $-632420.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7R12 RRP GENERAL MOT                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2122695 | PA      | $-2122695.00  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7R46 RRP ALLIANT HOL                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -924038 | PA      | $-924037.50   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7R61 RRP TEREX CORPO                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -197024 | PA      | $-197023.75   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7R79 RRP CITIGROUP I                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1892500 | PA      | $-1892500.00  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7R95 RRP SBA COMMUNI                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -465465 | PA      | $-465465.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7RE4 RRP NEXTERA ENE                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -4376250 | PA      | $-4376250.00  | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7RN4 RRP APPLE INC 2                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -990250 | PA      | $-990250.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7SR4 RRP SINCLAIR TE                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -681196 | PA      | $-681196.25   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7ST0 RRP ATHENAHEALT                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2316541 | PA      | $-2316541.25  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7SU7 RRP W R GRACE H                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1062600 | PA      | $-1062600.00  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7SY9 RRP ALLIED UNIV                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1224382 | PA      | $-1224382.50  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7SZ6 RRP CLEAR CHANN                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -248421 | PA      | $-248421.25   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7T02 RRP ICAHN ENTER                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -100330 | PA      | $-100330.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7T69 RRP ARDAGH META                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1415080 | PA      | $-1415080.00  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                              | BYJ1D7TB8 RRP SIRIUS XM R                                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -69840 | PA      | $-69840.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                         | BYJ1G25Y2 RRP PERMIAN RES                                                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -225720 | PA      | $-225720.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ1LJR74 RRP TK ELEVATOR                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -513520 | PA      | $-513520.48   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                              | BYJ1T16C7 RRP CHILE (REPU                                                        | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -165228 | PA      | $-165228.33   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                              | BYJ1T17U6 RRP PERU (REPUB                                                        | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -139365 | PA      | $-139364.60   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                              | BYJ1T17L6 RRP ALLIANT HOL                                                        | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -137475 | PA      | $-137475.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                              | BYJ1T18A9 RRP CHS/COMMUNI                                                        | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -397098 | PA      | $-397097.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ1VDNX3 RRP ALLIED UNIV                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -4994100 | PA      | $-4994100.00  | -0.65%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ1VBUK7 RRP WARNERMEDIA                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1050175 | PA      | $-1050175.00  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                                       | BYJ1VDNN5 RRP ENERGY TRAN                                                        | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -3680000 | PA      | $-3680000.00  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                              | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    309000 | PA      | $322215.28    | 0.04%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                           | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    247000 | PA      | $266666.61    | 0.03%             | 2030-04-16      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                                          | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    430000 | PA      | $4730.00      | 0.00%             | 2022-04-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                          | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    439000 | PA      | $435486.64    | 0.06%             | 2031-07-16      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                      | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    202000 | PA      | $227761.44    | 0.03%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                       | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    214000 | PA      | $244248.59    | 0.03%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC                                             | Heathrow Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $123437.21    | 0.02%             | 2029-09-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                         | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $227413.53    | 0.03%             | 2027-09-03      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VF UKRAINE (VFU FUNDING)                                         | VF Ukraine PAT via VFU Funding PLC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | UA        |    153796 | PA      | $151489.20    | 0.02%             | 2027-02-11      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                                          | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $2250.00      | 0.00%             | 2023-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                            | Jordan Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    200000 | PA      | $196250.00    | 0.03%             | 2030-07-07      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                                           | TK Elevator Midco GmbH                                                           | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | DBT              | CORP              | DE        |     70342 | PA      | $81210.88     | 0.01%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                                          | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $4500.00      | 0.00%             | 2023-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DUBAI GOVT INT'L BONDS                                           | Emirate of Dubai Government International Bonds                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |    259000 | PA      | $177855.30    | 0.02%             | 2050-09-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                           | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $179775.00    | 0.02%             | 2032-09-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                                 | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $247651.92    | 0.03%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CANPACK SA/CANPACK US                                            | Canpack SA / Canpack US LLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $224112.42    | 0.03%             | 2027-11-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                               | Morocco Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $192030.00    | 0.03%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| NOVELIS SHEET INGOT GMBH                                         | Novelis Sheet Ingot GmbH                                                         | CUSIP: 000000000<br>LEI: 9845005E95899E77AY49 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $329030.89    | 0.04%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                          | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $128088.96    | 0.02%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                         | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $155474.08    | 0.02%             | 2051-06-23      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| KAIXO BONDCO TELECOM SA                                          | Kaixo Bondco Telecom SA                                                          | CUSIP: 000000000<br>LEI: 959800ULWB3MZHZ69055 | Long             | DBT              | CORP              | ES        |    117000 | PA      | $135573.35    | 0.02%             | 2029-09-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                                       | Serbia International Bonds                                                       | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    200000 | PA      | $208442.00    | 0.03%             | 2033-09-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EUROPE BV                                             | Telefonica Europe BV                                                             | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $120046.81    | 0.02%             | 2030-02-03      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| NORTH MACEDONIA                                                  | North Macedonia Government International Bond                                    | CUSIP: 000000000<br>LEI: 635400RD1N6RVNCE4958 | Long             | DBT              | NUSS              | MK        |    134000 | PA      | $157140.59    | 0.02%             | 2027-03-13      | Fixed         | 6.96%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                         | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 000000000<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    100000 | PA      | $117650.76    | 0.02%             | 2030-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                             | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $173737.25    | 0.02%             | 2028-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                               | MVM Energetika Zrt                                                               | CUSIP: 000000000<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |    200000 | PA      | $207616.00    | 0.03%             | 2028-06-09      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                         | British Telecommunications PLC                                                   | CUSIP: 000000000<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $138875.83    | 0.02%             | 2083-12-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                                               | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |    100875 | PA      | $116429.91    | 0.02%             | 2029-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                                               | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |     14092 | PA      | $16267.02     | 0.00%             | 2028-08-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MAGYAR EXPORT-IMPORT BAN                                         | Magyar Export-Import Bank Zrt                                                    | CUSIP: 000000000<br>LEI: 529900O4UGETQ9Q3AA63 | Long             | DBT              | NUSS              | HU        |    274000 | PA      | $332050.39    | 0.04%             | 2029-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TAV HAVALIMANLARI HOLDIN                                         | TAV Havalimanlari Holding AS                                                     | CUSIP: 000000000<br>LEI: 789000PBM9TT5D88M597 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $203937.50    | 0.03%             | 2028-12-07      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                                        | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |     90000 | PA      | $106720.80    | 0.01%             | 2029-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EPHIOS SUBCO SARL                                                | Ephios Subco 3 Sarl                                                              | CUSIP: 000000000<br>LEI: 213800E4EG6VFUFVEH64 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $121048.85    | 0.02%             | 2031-01-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                                    | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $114996.07    | 0.02%             | 2029-08-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GOLDSTORY SASU                                                   | Goldstory SAS                                                                    | CUSIP: 000000000<br>LEI: 969500NWR67ONUJD4A26 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $112998.39    | 0.01%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KRONOS INTERNATIONAL INC                                         | Kronos International Inc                                                         | CUSIP: 000000000<br>LEI: 529900NTVDLUSYY9F493 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99298.14     | 0.01%             | 2029-03-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                               | Ardonagh Finco Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    375000 | PA      | $430453.80    | 0.06%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TUI AG                                                           | TUI AG                                                                           | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $115165.63    | 0.02%             | 2029-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                                         | Aston Martin Capital Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $101573.10    | 0.01%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| PINEWOOD FINCO PLC                                               | Pinewood Finco PLC                                                               | CUSIP: 000000000<br>LEI: 984500EF3F7CA63ND769 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $129130.73    | 0.02%             | 2030-03-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK GREECE SA                                          | National Bank of Greece SA                                                       | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $120881.42    | 0.02%             | 2035-06-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CD&R FIREFLY BIDCO LTD                                           | CD&R Firefly Bidco PLC                                                           | CUSIP: 000000000<br>LEI: 213800OAU5VX61DYZ558 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $134559.68    | 0.02%             | 2029-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| IMA INDUSTRIA MACCHINE                                           | IMA Industria Macchine Automatiche SpA                                           | CUSIP: 000000000<br>LEI: 815600D86992FDA7B908 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $115598.75    | 0.02%             | 2029-04-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| BOELS TOPHOLDING BV                                              | Boels Topholding BV                                                              | CUSIP: 000000000<br>LEI: 724500V913SEHSEW2O75 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $116130.56    | 0.02%             | 2030-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MAHLE GMBH                                                       | Mahle GmbH                                                                       | CUSIP: 000000000<br>LEI: 52990098TR1QJBWIYG58 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $116872.52    | 0.02%             | 2031-05-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDRIGONI SPA                                                    | Fedrigoni SpA                                                                    | CUSIP: 000000000<br>LEI: 8156004CE82074779D19 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $106486.42    | 0.01%             | 2031-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TRIDENT ENERGY FINANCE                                           | Trident Energy Finance PLC                                                       | CUSIP: 000000000<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $212568.00    | 0.03%             | 2029-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| UNIPOL ASSICURAZIONI SPA                                         | Unipol Assicurazioni SpA                                                         | CUSIP: 000000000<br>LEI: 8156005CE5E7340CCA86 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $118189.40    | 0.02%             | 2034-05-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                             | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $114021.93    | 0.01%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                             | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    206000 | PA      | $239597.28    | 0.03%             | 2027-05-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VEON MIDCO BV                                                    | Veon Midco BV                                                                    | CUSIP: 000000000<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $189330.00    | 0.02%             | 2027-11-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PRESTIGEBIDCO GMBH                                               | PrestigeBidCo GmbH                                                               | CUSIP: 000000000<br>LEI: 529900CSF1DNOCHMI763 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $115440.03    | 0.02%             | 2029-07-01      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                                    | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117153.61    | 0.02%             | 2034-10-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LION LUX                                                         | Lion/Polaris Lux Midco SARL                                                      | CUSIP: 000000000<br>LEI: 984500B6N8F6E153B579 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $115348.38    | 0.02%             | 2029-07-01      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                         | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $117541.96    | 0.02%             | 2030-02-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AMBER FINCO PLC                                                  | Amber Finco PLC                                                                  | CUSIP: 000000000<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $118610.90    | 0.02%             | 2029-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                               | Zegona Finance PLC                                                               | CUSIP: 000000000<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |     90000 | PA      | $107961.03    | 0.01%             | 2029-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROSSINI SARL                                                     | Rossini Sarl                                                                     | CUSIP: 000000000<br>LEI: 549300EC5JCCW6F83R11 | Long             | DBT              | CORP              | LU        |     42427 | PA      | $49169.78     | 0.01%             | 2029-12-31      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                                   | TeamSystem SpA                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $110835.03    | 0.01%             | 2031-07-31      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| AFFLELOU SAS                                                     | Afflelou SAS                                                                     | CUSIP: 000000000<br>LEI: 969500I7CS80FNB7CZ43 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117511.18    | 0.02%             | 2029-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                           | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     55342 | PA      | $38739.40     | 0.01%             | 2029-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                           | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     12709 | PA      | $5820.72      | 0.00%             | 2035-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                           | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      6087 | PA      | $3554.81      | 0.00%             | 2030-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bulgaria Government International Bonds                          | Bulgaria Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |    190000 | PA      | $182987.10    | 0.02%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                           | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     33947 | PA      | $18025.86     | 0.00%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                           | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     12735 | PA      | $5819.90      | 0.00%             | 2036-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                           | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     15571 | PA      | $6633.25      | 0.00%             | 2034-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| TITANIUM 2L BONDCO SARL                                          | Titanium 2l Bondco Sarl                                                          | CUSIP: 000000000<br>LEI: 636700S4QMU2DWYOSF67 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $16759.81     | 0.00%             | 2031-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BUBBLES BIDCO SPA                                                | Bubbles Bidco SPA                                                                | CUSIP: 000000000<br>LEI: 815600073942740CEB24 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $115627.95    | 0.02%             | 2031-09-30      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| OEG FINANCE PLC                                                  | OEG Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 254900KMBHWF9UK63G44 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $119050.83    | 0.02%             | 2029-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                                   | Edge Finco PLC                                                                   | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $136534.76    | 0.02%             | 2031-08-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                             | IHO Verwaltungs GmbH                                                             | CUSIP: 000000000<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $120844.46    | 0.02%             | 2031-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ADLER Group SA                                                   | ADLER Group SA                                                                   | CUSIP: 000000000<br>LEI: 391200OYYFJ3DWAMEC69 | Long             | EC               | CORP              | LU        |     33367 | NS      | $0.38         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ESSENDI SA                                                       | Essendi SA                                                                       | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $113011.01    | 0.01%             | 2031-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC POWER CORP                                                | Public Power Corp SA                                                             | CUSIP: 000000000<br>LEI: 213800T9Y5XCOVRZ4Y57 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $115134.89    | 0.02%             | 2031-10-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                         | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    100000 | PA      | $111727.38    | 0.01%             | 2032-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                                         | Almaviva-The Italian Innovation Co SpA                                           | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $109532.55    | 0.01%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| B&M EUROPEAN VALUE RET                                           | B&M European Value Retail plc                                                    | CUSIP: 000000000<br>LEI: 213800UK7ZRLY2K1X530 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $125045.43    | 0.02%             | 2031-11-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                                | Iliad Holding SAS                                                                | CUSIP: 000000000<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116940.44    | 0.02%             | 2030-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GRUENENTHAL GMBH                                                 | Gruenenthal GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SH895E31PGLA72 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $113270.19    | 0.01%             | 2031-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ABANCA CORP BANCARIA SA                                          | Abanca Corp Bancaria SA                                                          | CUSIP: 000000000<br>LEI: 54930056IRBXK0Q1FP96 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $115606.98    | 0.02%             | 2036-12-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| IRCA SPA                                                         | Irca SpA/Gallarate                                                               | CUSIP: 000000000<br>LEI: 815600CDE52BA2426216 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $115768.24    | 0.02%             | 2029-12-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                       | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $119479.04    | 0.02%             | 2030-05-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                                | Chile Government International Bond                                              | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    146000 | PA      | $167172.91    | 0.02%             | 2032-01-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                            | Indonesia Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    138000 | PA      | $155021.98    | 0.02%             | 2033-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AL RAJHI SUKUK LTD                                               | Al Rajhi Sukuk Ltd                                                               | CUSIP: 000000000<br>LEI: 549300FHETHK3XGY8N60 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $391516.00    | 0.05%             | 2030-07-21      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ADLER FINANCING SARL                                             | Adler Financing Sarl                                                             | CUSIP: 000000000<br>LEI: 213800BAQB59IVKP7S93 | Long             | DBT              | CORP              | LU        |    142064 | PA      | $181563.65    | 0.02%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ELIOR GROUP SA                                                   | Elior Group SA                                                                   | CUSIP: 000000000<br>LEI: 969500LYSYS0E800SQ95 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116659.66    | 0.02%             | 2030-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                          | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | US        |    100000 | PA      | $113749.01    | 0.01%             | 2032-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                          | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | US        |    355000 | PA      | $403809.01    | 0.05%             | 2032-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                          | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    358000 | PA      | $418966.81    | 0.05%             | 2034-09-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                                | Gabon Government International Bond                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |    200000 | PA      | $187122.00    | 0.02%             | 2029-02-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ALPHA STAR HO IX LTD                                             | Alpha Star Holding IX Ltd                                                        | CUSIP: 000000000<br>LEI: 254900IL2SBV9ANGBE89 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $189920.00    | 0.02%             | 2028-08-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                                    | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $111877.59    | 0.01%             | 2037-03-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                                    | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $114232.31    | 0.01%             | 2028-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARENA LUX FIN SARL                                               | Arena Luxembourg Finance Sarl                                                    | CUSIP: 000000000<br>LEI: 222100KX2LPK5KRSIG74 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $115250.47    | 0.02%             | 2030-05-01      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                               | Morocco Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    290000 | PA      | $329833.42    | 0.04%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ITELYUM REGENERATION SPA                                         | Itelyum Regeneration Spa                                                         | CUSIP: 000000000<br>LEI: 815600051FBC23AA8A45 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $114012.26    | 0.01%             | 2030-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                          | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    158000 | PA      | $181963.23    | 0.02%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                   | Opal Bidco SAS                                                                   | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $112814.52    | 0.01%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EIRCOM FINANCE DAC                                               | eircom Finance DAC                                                               | CUSIP: 000000000<br>LEI: 254900NA4DUH50UERM85 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $114815.82    | 0.02%             | 2031-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IPD 3 BV                                                         | IPD 3 BV                                                                         | CUSIP: 000000000<br>LEI: 724500RBP2J59JMQB629 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $108550.79    | 0.01%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                          | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $108968.52    | 0.01%             | 2033-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                          | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365000 | PA      | $397735.09    | 0.05%             | 2033-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                        | Ball Corp                                                                        | CUSIP: 000000000<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    195000 | PA      | $222751.03    | 0.03%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                               | Sunrise FinCo I BV                                                               | CUSIP: 000000000<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $112936.52    | 0.01%             | 2032-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                            | Trivium Packaging Finance BV                                                     | CUSIP: 000000000<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    110000 | PA      | $127768.24    | 0.02%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                            | Trivium Packaging Finance BV                                                     | CUSIP: 000000000<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    115000 | PA      | $133575.89    | 0.02%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                                             | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $117905.11    | 0.02%             | 2030-06-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                         | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    380000 | PA      | $431259.32    | 0.06%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                          | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $202736.00    | 0.03%             | 2035-09-26      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                     | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $114639.40    | 0.01%             | 2030-06-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                     | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $114429.54    | 0.01%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                                           | Darling Global Finance BV                                                        | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $115014.37    | 0.02%             | 2032-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                                           | Darling Global Finance BV                                                        | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $287535.92    | 0.04%             | 2032-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DOLCETTO HOLDCO SPA                                              | Dolcetto Holdco SpA                                                              | CUSIP: 000000000<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $114809.77    | 0.02%             | 2032-07-14      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                          | Beach Acquisition Bidco LLC                                                      | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    613000 | PA      | $679551.26    | 0.09%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAXAM PRILL SARL                                                 | Maxam Prill Sarl                                                                 | CUSIP: 000000000<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $114227.44    | 0.01%             | 2030-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL PLC                                                     | Carnival PLC                                                                     | CUSIP: 000000000<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |    299000 | PA      | $336489.32    | 0.04%             | 2031-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PAPREC HOLDING SA                                                | Paprec Holding SA                                                                | CUSIP: 000000000<br>LEI: 969500ASAFSVN9KVC873 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113347.47    | 0.01%             | 2030-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BCP MODULAR SERVICES                                             | BCP V Modular Services Finance II PLC                                            | CUSIP: 000000000<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $98208.42     | 0.01%             | 2031-07-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                              | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $113693.25    | 0.01%             | 2029-10-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                  | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $114416.35    | 0.01%             | 2029-07-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                  | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $229999.50    | 0.03%             | 2033-07-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                                                | Levi Strauss & Co                                                                | CUSIP: 000000000<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    165000 | PA      | $189444.64    | 0.02%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                           | Froneri Lux FinCo SARL                                                           | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $109184.62    | 0.01%             | 2032-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                             | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    495000 | PA      | $569241.68    | 0.07%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                             | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    215000 | PA      | $282616.81    | 0.04%             | 2032-08-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                                               | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $114905.61    | 0.02%             | 2027-09-11      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                         | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 000000000<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $108751.45    | 0.01%             | 2031-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ALEXANDRITE LAKE LUX HOL                                         | Alexandrite Lake Lux Holdings Sarl                                               | CUSIP: 000000000<br>LEI: 213800RY78YHYF5J8L55 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $112984.36    | 0.01%             | 2030-07-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LUNA 1.5 SARL                                                    | Luna 1.5 Sarl                                                                    | CUSIP: 000000000<br>LEI: 64884UZ60Y77J5XK5C41 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $122520.12    | 0.02%             | 2032-07-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| LUNA 1.5 SARL                                                    | Luna 1.5 Sarl                                                                    | CUSIP: 000000000<br>LEI: 64884UZ60Y77J5XK5C41 | Long             | DBT              | CORP              | LU        |    145000 | PA      | $177654.18    | 0.02%             | 2032-07-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ILIAD SA                                                         | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113184.45    | 0.01%             | 2032-01-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                                              | Silgan Holdings Inc                                                              | CUSIP: 000000000<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    415000 | PA      | $464252.80    | 0.06%             | 2031-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SOBHA SUKUK I HOLDING                                            | Sobha Sukuk I Holding Ltd                                                        | CUSIP: 000000000<br>LEI: 254900VZENPT8NAXW686 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $172000.00    | 0.02%             | 2030-09-11      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                | Iron Mountain Inc                                                                | CUSIP: 000000000<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    104000 | PA      | $111855.86    | 0.01%             | 2034-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                | Iron Mountain Inc                                                                | CUSIP: 000000000<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    800000 | PA      | $860429.70    | 0.11%             | 2034-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                          | VZ Secured Financing BV                                                          | CUSIP: 000000000<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $106559.06    | 0.01%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                            | Mexico Government International Bond                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    123000 | PA      | $137229.18    | 0.02%             | 2038-03-19      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PRA GROUP EUROPE HOLDING                                         | PRA Group Europe Holding II Sarl                                                 | CUSIP: 000000000<br>LEI: 635400CWOMLGBIP4GA24 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $109319.85    | 0.01%             | 2032-09-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SAR                                         | ION Platform Finance SARL                                                        | CUSIP: 000000000<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $95793.92     | 0.01%             | 2030-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                         | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $114665.01    | 0.02%             | 2032-10-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                          | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    224000 | PA      | $247337.15    | 0.03%             | 2045-10-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SAR                                         | ION Platform Finance SARL                                                        | CUSIP: 000000000<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $107384.30    | 0.01%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ENERGEAN PLC                                                     | Energean PLC                                                                     | CUSIP: 000000000<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |    203000 | PA      | $228283.12    | 0.03%             | 2031-05-12      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                              | New Immo Holding SA                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $111118.09    | 0.01%             | 2030-11-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ARDAGH GROUP SA                                                  | Ardagh Group SA                                                                  | CUSIP: 000000000<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |    343000 | PA      | $325510.18    | 0.04%             | 2030-12-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| DEUCE FINCO                                                      | Deuce Finco PLC                                                                  | CUSIP: 000000000<br>LEI: 9845007DA2BC863E8437 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $130338.09    | 0.02%             | 2031-11-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KING US BIDCO INC                                                | King US Bidco Inc                                                                | CUSIP: 000000000<br>LEI: 254900FMEU5P81WHKR41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $115018.45    | 0.02%             | 2032-12-01      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                                             | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |    125000 | PA      | $134006.38    | 0.02%             | 2030-11-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                             | Colombia Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    137000 | PA      | $150454.49    | 0.02%             | 2038-11-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                                               | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $108029.32    | 0.01%             | 2030-06-08      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DUOMO BIDCO SPA                                                  | Duomo Bidco SpA                                                                  | CUSIP: 000000000<br>LEI: 8156008BEDB552B30829 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $113686.20    | 0.01%             | 2032-01-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| BIFFA GROUP HOLDINGS LTD                                         | Biffa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 21380012LWLXNMXB8I44 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $111815.09    | 0.01%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BIFFA GROUP HOLDINGS LTD                                         | Biffa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 21380012LWLXNMXB8I44 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $129248.59    | 0.02%             | 2031-06-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                            | Mexico Government International Bond                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    100000 | PA      | $111323.40    | 0.01%             | 2040-05-16      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CAMEROON                                             | Republic of Cameroon International Bond                                          | CUSIP: 000000000<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |    200000 | PA      | $188600.00    | 0.02%             | 2033-01-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA O2 VEND FIN                                         | Virgin Media O2 Vendor Financing Notes VII DAC                                   | CUSIP: 000000000<br>LEI: 984500871CCF07442C21 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $101292.37    | 0.01%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                                             | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $109047.39    | 0.01%             | 2032-02-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TPAO VARLIK KIRALAMA ASA                                         | TPAO Varlik Kiralama ASA                                                         | CUSIP: 000000000<br>LEI: 789000L95BI6V730WX84 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $191310.00    | 0.03%             | 2031-03-04      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                          | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    248000 | PA      | $267481.08    | 0.03%             | 2033-03-04      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                                    | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113680.98    | 0.01%             | 2034-05-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                          | OAK-Eagle Acquireco Inc                                                          | CUSIP: 000000000<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    100000 | PA      | $118059.33    | 0.02%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | US LONG BOND(CBT) JUN26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -490 | NC      | $1657770.22   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                           | US ULTRA BOND CBT JUN26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -184 | NC      | $680575.05    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                           | US 10YR NOTE (CBT)JUN26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -990 | NC      | $2116958.92   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                           | US 5YR NOTE (CBT) JUN26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       344 | NC      | $-509451.80   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                           | US 2YR NOTE (CBT) JUN26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      2852 | NC      | $-3583054.24  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                           | US 10YR ULTRA FUT JUN26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -365 | NC      | $821560.19    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GrafTech Finance Inc                                             | GrafTech Finance Inc 2024 Term Loan                                              | CUSIP: 000000000<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | LON              | CORP              | US        |    123163 | PA      | $116312.79    | 0.02%             | 2029-12-21      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                                 | Altice France SA 2025 USD Term Loan B14                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | US        |    416725 | PA      | $416987.92    | 0.05%             | 2031-05-31      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| Propulsion (BC) Finco S.a.r.l.                                   | Propulsion (BC) Finco Sarl 2025 Repriced Term Loan B                             | CUSIP: 000000000<br>LEI: 254900S4YQSQVLEZ8D35 | Long             | LON              | CORP              | LU        |     99140 | PA      | $99122.13     | 0.01%             | 2032-12-01      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                                      | HOLOGIC INC 2026 TERM LOAN B                                                     | CUSIP: 000000000<br>LEI: 9845009E9B4548A5N478 | Long             | LON              | CORP              | US        |   1016000 | PA      | $1003300.00   | 0.13%             | 2033-01-14      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| AZURIA WATER SOLUTIONS INC                                       | AZURIA WATER SOLUTIONS INC 2026 TERM LOAN B                                      | CUSIP: 000000000<br>LEI: 549300AG3DVJURRIT691 | Long             | LON              | CORP              | US        |    278981 | PA      | $275841.99    | 0.04%             | 2033-01-27      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| AZURIA WATER SOLUTIONS INC                                       | AZURIA WATER SOLUTIONS INC 2026 DELAYED DRAW TERM LOAN                           | CUSIP: 000000000<br>LEI: 549300AG3DVJURRIT691 | Long             | LON              | CORP              | US        |     37197 | PA      | $36778.93     | 0.00%             | 2033-01-27      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                         | LABL Inc 2026 USD Interim New Money DIP Term Loan                                | CUSIP: 000000000<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |     67984 | PA      | $67814.29     | 0.01%             | 2026-12-02      | Floating      | 10.38%                | No            |                  2 | On Loan: No      |
| JUPITER BORROWER INC                                             | JUPITER BORROWER INC TERM LOAN B                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    186000 | PA      | $185535.00    | 0.02%             | 2033-03-25      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| TEGA MC AUSTRALIA HLDG PTY LTD                                   | TEGA MC AUSTRALIA HLDG PTY LTD TERM LOAN B                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |    150000 | PA      | $148875.00    | 0.02%             | 2033-03-25      | Floating      | 7.17%                 | No            |                  3 | On Loan: No      |
| TELENET FINANCE LUX NOTE                                         | Telenet Finance Luxembourg Notes Sarl                                            | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $392524.99    | 0.05%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                                          | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $2200.00      | 0.00%             | 2022-10-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EUTELSAT SA                                                      | Eutelsat SA                                                                      | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $109686.09    | 0.01%             | 2028-10-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                              | New Immo Holding SA                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113304.70    | 0.01%             | 2027-07-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD AB                                             | Heimstaden Bostad AB                                                             | CUSIP: 000000000<br>LEI: 549300TJR3PR8EXILG79 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $111866.27    | 0.01%             | 2027-02-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| PREMIER FOODS FINANCE                                            | Premier Foods Finance PLC                                                        | CUSIP: 000000000<br>LEI: 2138003G41QDLK9DB177 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $130891.96    | 0.02%             | 2026-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MONTENEGRO                                           | Montenegro Government International Bond                                         | CUSIP: 000000000<br>LEI: 747800V014106FYLL014 | Long             | DBT              | NUSS              | ME        |    142000 | PA      | $159976.18    | 0.02%             | 2027-12-16      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | CDS: (CMBX.NA.7.BBB-)                                                            | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | US        |   4002339 | OU      | $-529642.92   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | CDS: (CMBX.NA.7.BBB-)                                                            | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | US        |   2001170 | OU      | $-264821.46   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | CDS: (CMBX.NA.7.BBB-)                                                            | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | US        |   4002339 | OU      | $-529642.92   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                 | CDS: (CMBX.NA.7.BBB-)                                                            | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              |  | US        |  10005849 | OU      | $1324107.29   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                             | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |      9242 | OU      | $473.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                               | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | XX        |      6701 | OU      | $343.45       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                               | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              |  | XX        |      9008 | OU      | $461.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | XX        |      5414 | OU      | $277.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | XX        |     15219 | OU      | $780.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                      | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              |  | XX        |      4416 | OU      | $226.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                               | SWAP/CDSWAP/SCDS: (CMACG)                                                        | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | XX        |     37500 | OU      | $2333.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ATOS SE                                                          | Atos SE                                                                          | CUSIP: 000000000<br>LEI: 5493001EZOOA66PTBR68 | Long             | SN               | CORP              | FR        |     50149 | PA      | $65349.18     | 0.01%             | 2029-12-18      | Variable      | 9.36%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                      | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    133400 | PA      | $134200.40    | 0.02%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | SWAP/CDSWAP/CDS: (ITRAXX.XO.42.V2 20-35%)                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | FR        |     45000 | OU      | $5442.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                 | SWAP/CDSWAP/SCDS: (ZEGLN)                                                        | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              |  | GB        |     10082 | OU      | $1675.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | SWAP/CDSWAP/SCDS: (ZEGLN)                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | FR        |     10000 | OU      | $1661.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                             | SWAP/CDSWAP/SCDS: (EOFP)                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | DE        |     42000 | OU      | $4025.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                             | SWAP/CDSWAP/SCDS: (VMED)                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | DE        |     21000 | OU      | $1270.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                               | SWAP/CDSWAP/SCDS: (SFRFP)                                                        | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | DE        |     12000 | OU      | $603.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                             | SWAP/CDSWAP/SCDS: (SFRFP)                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | US        |     27000 | OU      | $1358.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                             | SWAP/CDSWAP/SCDS: (SFRFP)                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | DE        |     24000 | OU      | $1207.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                                        | Bausch & Lomb Corporation 2025 Repriced Term Loan                                | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    867470 | PA      | $868553.84    | 0.11%             | 2031-01-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corporation                                | Great Canadian Gaming Corporation 2024 Term Loan B                               | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |    171656 | PA      | $168652.01    | 0.02%             | 2029-11-01      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| Jones DesLauriers Insurance Management Inc.                      | Jones DesLauriers Insurance Management Inc 2026 Repriced Term Loan B             | CUSIP: 000000000<br>LEI: 549300JQIWNFU00E5424 | Long             | LON              | CORP              | CA        |    318548 | PA      | $308991.62    | 0.04%             | 2033-02-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                                | Clarios Global LP 2025 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    469364 | PA      | $467721.60    | 0.06%             | 2032-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Oxea Holding Drei GmbH                                           | Oxea Holding Drei GmbH 2017 USD Term Loan B2                                     | CUSIP: 000000000<br>LEI: 529900MSP24R2FE9U796 | Long             | LON              | CORP              | US        |     64818 | PA      | $44400.67     | 0.01%             | 2031-04-08      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance Limited                            | Digicel International Finance Limited 2025 Term Loan B                           | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | LON              | CORP              | BM        |    385035 | PA      | $384153.27    | 0.05%             | 2032-08-06      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                              | Avianca Midco 2 PLC                                                              | CUSIP: 000000000<br>LEI: 213800AMPX5VKH9AMX10 | Long             | DBT              | CORP              | GB        |     62002 | PA      | $59800.93     | 0.01%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HYPERION INSURANCE GROUP LTD                                     | Hyperion Insurance Group Ltd 2025 Term Loan B                                    | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |     41681 | PA      | $40602.13     | 0.01%             | 2030-04-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Coral-US Co-Borrower, LLC                                        | Coral-US Co-Borrower LLC 2025 Term Loan B7                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    440463 | PA      | $432151.46    | 0.06%             | 2032-01-31      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                   | Wynn Macau Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $196592.50    | 0.03%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ARDAGH GROUP SA                                                  | Ardagh Group SA                                                                  | CUSIP: 000000000<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |     55955 | PA      | $58672.12     | 0.01%             | 2030-12-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition LLC                                       | Camelot US Acquisition LLC 2025 Incremental Term Loan B                          | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |    331400 | PA      | $286936.06    | 0.04%             | 2031-01-31      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                                 | CSN Resources SA                                                                 | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $121750.00    | 0.02%             | 2031-06-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Lonza Group AG                                                   | Lonza Group AG USD Term Loan B                                                   | CUSIP: 000000000<br>LEI: 549300Y0CIXN5D40L888 | Long             | LON              | CORP              | US        |    507412 | PA      | $441869.95    | 0.06%             | 2028-07-03      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                                | MC Brazil Downstream Trading SARL                                                | CUSIP: 000000000<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    181234 | PA      | $161986.69    | 0.02%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Summer (BC) Holdco B Sa rl                                       | Summer (BC) Holdco B Sa rl 2024 USD Term Loan B                                  | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | LON              | CORP              | LU        |    111638 | PA      | $94780.42     | 0.01%             | 2029-02-15      | Floating      | 8.96%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                                          | Mong Duong Finance Holdings BV                                                   | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    144845 | PA      | $142355.03    | 0.02%             | 2029-05-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                        | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    304000 | PA      | $202844.00    | 0.03%             | 2050-08-03      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Inc.                                              | Hunter Douglas Inc 2025 USD Term Loan B                                          | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |    113818 | PA      | $113153.97    | 0.01%             | 2032-01-20      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                                         | AES Panama Generation Holdings SRL                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    208173 | PA      | $193132.06    | 0.03%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BBVA MEX BANCA GRUPO TX                                          | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $205836.00    | 0.03%             | 2035-02-11      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                                | Corp. Nacional del Cobre de Chile                                                | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $210485.00    | 0.03%             | 2036-01-26      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                             | Paraguay Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    200000 | PA      | $183600.00    | 0.02%             | 2048-03-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                             | Paraguay Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    200000 | PA      | $175800.00    | 0.02%             | 2033-01-29      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                             | Samarco Mineracao SA                                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    380094 | PA      | $374392.59    | 0.05%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                                   | Trust Fibra Uno                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | MX        |    200000 | PA      | $211176.00    | 0.03%             | 2032-01-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Ardonagh Midco 3 PLC                                             | Ardonagh Midco 3 PLC 2024 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |    291457 | PA      | $284354.66    | 0.04%             | 2031-02-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                            | Freeport Indonesia PT                                                            | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $199576.00    | 0.03%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                  | SWAP/CDSWAP/ICE: (CDX.NA.IG.45.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   5355000 | OU      | $-96802.08    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                  | SWAP/CDSWAP/ICE: (CDX.NA.HY.46.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   8705000 | OU      | $432127.05    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** BlackRock Multi-Sector Income Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer