# EDGAR Filing Document

**Accession Number:** 0000759828
**File Stem:** 0001193125-25-219577
**Filing Date:** 2025-9
**Character Count:** 209715
**Document Hash:** 8818d9cd16801b8f562996c4d35a0372
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-219577.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001193125-25-219577

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000759828

**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:** 811-04173
- **FILM NUMBER:** 251346808

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-663-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN INVESTORS TRUST
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

![](img402891301.gif)

#### Quarterly portfolio holdings

## John Hancock

## Investors Trust

## Closed-end fixed income
July 31, 2025

Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.

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Fund's investments

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#### As of 7-31-25 (unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **U.S. Government and Agency obligations 11.3% (6.7% of Total investments)** | **U.S. Government and Agency obligations 11.3% (6.7% of Total investments)** | **U.S. Government and Agency obligations 11.3% (6.7% of Total investments)** |  | &nbsp;&nbsp;**$14632941** |
| (Cost $14,614,090) |  |  |  |  |
| **U.S. Government Agency 11.3%** |  |  |  | **14632941** |
| Federal Home Loan Mortgage Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;30 Yr Pass Thru (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-01-53 | &nbsp;&nbsp;&nbsp;&nbsp;297763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297985 |
| &nbsp;&nbsp;&nbsp;&nbsp;30 Yr Pass Thru (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-01-53 | &nbsp;&nbsp;&nbsp;&nbsp;271690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278519 |
| Federal National Mortgage Association |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;30 Yr Pass Thru (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-01-53 | &nbsp;&nbsp;&nbsp;&nbsp;246265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246460 |
| &nbsp;&nbsp;&nbsp;&nbsp;30 Yr Pass Thru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-01-55 | &nbsp;&nbsp;&nbsp;&nbsp;4997714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4971454 |
| &nbsp;&nbsp;&nbsp;&nbsp;30 Yr Pass Thru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-01-55 | &nbsp;&nbsp;&nbsp;&nbsp;4491251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4580628 |
| &nbsp;&nbsp;&nbsp;&nbsp;30 Yr Pass Thru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-01-55 | &nbsp;&nbsp;&nbsp;&nbsp;4176094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4257895 |
| **Corporate bonds 127.3% (75.6% of Total investments)** | **Corporate bonds 127.3% (75.6% of Total investments)** | **Corporate bonds 127.3% (75.6% of Total investments)** |  | &nbsp;&nbsp;**$164796285** |
| (Cost $166,799,285) |  |  |  |  |
| **Communication services 15.9%** | **Communication services 15.9%** |  |  | **20554194** |
| **Diversified telecommunication services 2.7%** | **Diversified telecommunication services 2.7%** | **Diversified telecommunication services 2.7%** |  |  |
| Connect Finco SARL (A)(B) | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;09-15-29 | 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247404 |
| Frontier Florida LLC | &nbsp;&nbsp;6.860 | &nbsp;&nbsp;02-01-28 | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728528 |
| Iliad Holding SAS (A)(B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;04-15-32 | 246000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252492 |
| Level 3 Financing, Inc. (A)(B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;06-30-33 | 1273000 | &nbsp;&nbsp;&nbsp;&nbsp;1290000 |
| Level 3 Financing, Inc. (A)(B) | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;11-15-29 | 163840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185758 |
| Sable International Finance, Ltd. (B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;10-15-32 | 393000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393015 |
| Windstream Services LLC (A)(B) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;10-01-31 | 413000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432366 |
| **Entertainment 2.6%** | **Entertainment 2.6%** | **Entertainment 2.6%** |  |  |
| AMC Entertainment Holdings, Inc. (A)(B)(C) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;02-15-29 | 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208742 |
| Cinemark USA, Inc. (A)(B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;08-01-32 | 126000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130106 |
| Playtika Holding Corp. (A)(B) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;03-15-29 | 939000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858611 |
| Univision Communications, Inc. (A)(B) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;07-31-31 | 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863235 |
| Univision Communications, Inc. (A)(B) | &nbsp;&nbsp;9.375 | &nbsp;&nbsp;08-01-32 | 223000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231385 |
| WarnerMedia Holdings, Inc. (A)(C) | &nbsp;&nbsp;4.279 | &nbsp;&nbsp;03-15-32 | 1270000 | &nbsp;&nbsp;&nbsp;&nbsp;1066470 |
| **Interactive media and services 1.0%** | **Interactive media and services 1.0%** | **Interactive media and services 1.0%** |  |  |
| Arches Buyer, Inc. (B) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;12-01-28 | 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295857 |
| Cars.com, Inc. (A)(B) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;11-01-28 | 414000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413141 |
| Snap, Inc. (A)(B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;03-01-33 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615211 |
| **Media 6.5%** | **Media 6.5%** | **Media 6.5%** |  |  |
| Altice Financing SA (B) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;08-15-29 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306352 |
| Altice Financing SA (B) | &nbsp;&nbsp;9.625 | &nbsp;&nbsp;07-15-27 | 940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860047 |
| Altice France Holding SA (B)(D) | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;05-15-27 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219750 |
| Altice France SA (B) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;10-15-29 | 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541976 |
| Altice France SA (B) | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;02-01-27 | 356000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329914 |
| Clear Channel Outdoor Holdings, Inc. (B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;02-15-31 | 209000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208711 |
| CSC Holdings LLC (A)(B)(C) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-15-27 | 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556553 |
| CSC Holdings LLC (B) | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;01-31-29 | 708000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662255 |
| Directv Financing LLC (A)(B) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;02-15-31 | 963000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928694 |
| DISH Network Corp. (B) | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;11-15-27 | 990000 | &nbsp;&nbsp;&nbsp;&nbsp;1031027 |
| Gray Media, Inc. (A)(B)(C) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;10-15-30 | 97000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72386 |
| Gray Media, Inc. (A)(B) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;08-15-33 | 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208896 |
| Gray Media, Inc. (A)(B) | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;07-15-29 | 209000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226180 |
| iHeartCommunications, Inc. (B) | &nbsp;&nbsp;10.875 | &nbsp;&nbsp;05-01-30 | 674400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334037 |
| LCPR Senior Secured Financing DAC (B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;10-15-27 | 845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648538 |
| Scripps Escrow II, Inc. (B) | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;01-15-31 | 393000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287452 |
| Scripps Escrow, Inc. (A)(B)(C) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;07-15-27 | 122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121851 |
| Stagwell Global LLC (A)(B) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;08-15-29 | 771000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742101 |
| The EW Scripps Company (B) | &nbsp;&nbsp;9.875 | &nbsp;&nbsp;08-15-30 | 83000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82481 |
| **Wireless telecommunication services 3.1%** | **Wireless telecommunication services 3.1%** | **Wireless telecommunication services 3.1%** |  |  |
| C&W Senior Finance, Ltd. (A)(B)(C) | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;01-15-33 | 590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608222 |

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2 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Communication services (continued)** | **Communication services (continued)** |  |  |  |
| **Wireless telecommunication services (continued)** | **Wireless telecommunication services (continued)** | **Wireless telecommunication services (continued)** |  |  |
| Rogers Communications, Inc. (7.000% to 4-15-30, then 5 Year CMT + 2.653%) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;04-15-55 | 1081000 | &nbsp;&nbsp;&nbsp;$1105183 |
| SoftBank Group Corp. | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;09-19-27 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1483151 |
| SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 4.854% to 7-19-42, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 5.604%) (E) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;07-19-27 | 783000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;776116 |
| **Consumer discretionary 16.7%** | **Consumer discretionary 16.7%** |  |  | **21615210** |
| **Automobile components 1.8%** | **Automobile components 1.8%** | **Automobile components 1.8%** |  |  |
| The Goodyear Tire & Rubber Company (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-15-29 | 289000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280362 |
| The Goodyear Tire & Rubber Company (A) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;04-30-31 | 505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479596 |
| ZF North America Capital, Inc. (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;04-23-30 | 554000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527194 |
| ZF North America Capital, Inc. (A)(B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;04-14-28 | 586000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584919 |
| ZF North America Capital, Inc. (A)(B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;04-14-30 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484650 |
| **Automobiles 2.7%** | **Automobiles 2.7%** | **Automobiles 2.7%** |  |  |
| Ford Motor Credit Company LLC (A) | &nbsp;&nbsp;6.950 | &nbsp;&nbsp;03-06-26 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;1007858 |
| Ford Motor Credit Company LLC (A) | &nbsp;&nbsp;7.350 | &nbsp;&nbsp;03-06-30 | 407000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429950 |
| General Motors Company (A) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;04-01-46 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1563579 |
| Nissan Motor Company, Ltd. (B) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;07-17-30 | 518000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534416 |
| **Broadline retail 3.8%** | **Broadline retail 3.8%** | **Broadline retail 3.8%** |  |  |
| Kohl's Corp. (A) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;05-01-31 | 287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206744 |
| Kohl's Corp. (A)(B) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;06-01-30 | 573000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595130 |
| Liberty Interactive LLC | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;02-01-30 | 1450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199549 |
| Macy's Retail Holdings LLC (A)(B)(C) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;03-15-30 | 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222146 |
| Macy's Retail Holdings LLC (B) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;08-01-33 | 449000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450710 |
| Nordstrom, Inc. (A)(C) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;08-01-31 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433236 |
| Nordstrom, Inc. | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-15-44 | 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605250 |
| QVC, Inc. | &nbsp;&nbsp;5.950 | &nbsp;&nbsp;03-15-43 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415000 |
| QVC, Inc. (A)(B)(C) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;04-15-29 | 528000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237257 |
| Rakuten Group, Inc. (6.250% to 4-22-31, then 5 Year CMT + 4.956% to 4-22-51, then 5 Year CMT + 5.706%) (A)(B)(C)(E) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;04-22-31 | 226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210186 |
| Rakuten Group, Inc. (8.125% to 12-15-29, then 5 Year CMT + 4.250%) (B)(E) | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;12-15-29 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198463 |
| Rakuten Group, Inc. (B) | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;02-15-27 | 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;628575 |
| Wand NewCo 3, Inc. (A)(B) | &nbsp;&nbsp;7.625 | &nbsp;&nbsp;01-30-32 | 428000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449388 |
| **Diversified consumer services 0.6%** | **Diversified consumer services 0.6%** | **Diversified consumer services 0.6%** |  |  |
| Sotheby's (A)(B) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;10-15-27 | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734884 |
| **Hotels, restaurants and leisure 4.5%** | **Hotels, restaurants and leisure 4.5%** | **Hotels, restaurants and leisure 4.5%** |  |  |
| Affinity Interactive (B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;12-15-27 | 753000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414918 |
| CEC Entertainment LLC (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;05-01-26 | 830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823934 |
| Choice Hotels International, Inc. (A) | &nbsp;&nbsp;5.850 | &nbsp;&nbsp;08-01-34 | 1101000 | &nbsp;&nbsp;&nbsp;&nbsp;1109136 |
| Full House Resorts, Inc. (A)(B)(C) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;02-15-28 | 666000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644714 |
| Hilton Grand Vacations Borrower LLC (A)(B) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;01-15-32 | 755000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763474 |
| Jacobs Entertainment, Inc. (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-15-29 | 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248625 |
| Resorts World Las Vegas LLC (A)(B)(C) | &nbsp;&nbsp;8.450 | &nbsp;&nbsp;07-27-30 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597344 |
| Sabre GLBL, Inc. (A)(B) | &nbsp;&nbsp;8.625 | &nbsp;&nbsp;06-01-27 | 227000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230609 |
| Sabre GLBL, Inc. (A)(B) | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;11-15-29 | 389000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400658 |
| Sabre GLBL, Inc. (A)(B) | &nbsp;&nbsp;11.125 | &nbsp;&nbsp;07-15-30 | 612000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645201 |
| **Household durables 1.8%** | **Household durables 1.8%** | **Household durables 1.8%** |  |  |
| KB Home (A) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;07-15-30 | 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231637 |
| Newell Brands, Inc. (A) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;09-15-27 | 1242000 | &nbsp;&nbsp;&nbsp;&nbsp;1251719 |
| Newell Brands, Inc. (A)(B) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-01-28 | 171000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179186 |
| Whirlpool Corp. | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;06-15-30 | 658000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656431 |
| **Specialty retail 1.2%** | **Specialty retail 1.2%** | **Specialty retail 1.2%** |  |  |
| Saks Global Enterprises LLC (B) | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;12-15-29 | 559000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125775 |
| The Michaels Companies, Inc. (A)(B)(C) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;05-01-29 | 731000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484853 |
| Wayfair LLC (A)(B) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;10-31-29 | 171000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173990 |
| Wayfair LLC (A)(B) | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;09-15-30 | 776000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795318 |

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SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT 3

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |  |  |  |
| **Textiles, apparel and luxury goods 0.3%** | **Textiles, apparel and luxury goods 0.3%** | **Textiles, apparel and luxury goods 0.3%** |  |  |
| Beach Acquisition Bidco LLC (10.000% Cash or 10.750% PIK) (B) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;07-15-33 | 344000 | &nbsp;&nbsp;&nbsp;&nbsp;$358646 |
| **Consumer staples 4.0%** | **Consumer staples 4.0%** |  |  | &nbsp;&nbsp;**5202442** |
| **Consumer staples distribution and retail 0.5%** | **Consumer staples distribution and retail 0.5%** | **Consumer staples distribution and retail 0.5%** |  |  |
| Walgreens Boots Alliance, Inc. (A) | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;08-15-29 | 648000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695581 |
| **Food products 3.3%** | **Food products 3.3%** | **Food products 3.3%** |  |  |
| Camposol SA | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;02-03-27 | 1139000 | &nbsp;&nbsp;&nbsp;&nbsp;1122727 |
| Froneri Lux FinCo SARL (B) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;08-01-32 | 2107000 | &nbsp;&nbsp;&nbsp;&nbsp;2098291 |
| JBS USA LUX SA (A) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;04-01-33 | 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625539 |
| Simmons Foods, Inc. (A)(B) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;03-01-29 | 463000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438145 |
| **Personal care products 0.2%** | **Personal care products 0.2%** | **Personal care products 0.2%** |  |  |
| HLF Financing Sarl LLC (A)(B) | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;04-15-29 | 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222159 |
| **Energy 19.7%** | **Energy 19.7%** |  |  | **25454303** |
| **Energy equipment and services 1.5%** | **Energy equipment and services 1.5%** | **Energy equipment and services 1.5%** |  |  |
| Archrock Partners LP (A)(B) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;04-01-28 | 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214988 |
| Archrock Partners LP (A)(B) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;09-01-32 | 670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679933 |
| USA Compression Partners LP (A) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;09-01-27 | 1043000 | &nbsp;&nbsp;&nbsp;&nbsp;1042749 |
| **Oil, gas and consumable fuels 18.2%** | **Oil, gas and consumable fuels 18.2%** | **Oil, gas and consumable fuels 18.2%** |  |  |
| Bapco Energies BSCC (B) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;10-25-27 | 1155000 | &nbsp;&nbsp;&nbsp;&nbsp;1186549 |
| Buckeye Partners LP (A)(B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;07-01-29 | 518000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533226 |
| Cenovus Energy, Inc. (A) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;11-15-39 | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122910 |
| Civitas Resources, Inc. (A)(B) | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;07-01-31 | 690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698514 |
| Civitas Resources, Inc. (A)(B) | &nbsp;&nbsp;9.625 | &nbsp;&nbsp;06-15-33 | 424000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436118 |
| Continental Resources, Inc. (A) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;01-15-28 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984681 |
| Crescent Energy Finance LLC (A)(B) | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;01-15-34 | 1076000 | &nbsp;&nbsp;&nbsp;&nbsp;1064976 |
| Delek Logistics Partners LP (A)(B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;06-01-28 | 435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437112 |
| Enbridge, Inc. (7.625% to 1-15-33, then 5 Year CMT + 4.418% to 1-15-53, then 5 Year CMT + 5.168%) | &nbsp;&nbsp;7.625 | &nbsp;&nbsp;01-15-83 | 801000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850214 |
| Enbridge, Inc. (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%) (A)(C) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;01-15-84 | 1369000 | &nbsp;&nbsp;&nbsp;&nbsp;1541857 |
| Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (E) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;05-15-30 | 2067000 | &nbsp;&nbsp;&nbsp;&nbsp;2116265 |
| Excelerate Energy LP (A)(B) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;05-15-30 | 574000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600893 |
| Genesis Energy LP (A) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;05-15-33 | 527000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;546371 |
| Genesis Energy LP (A) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;01-15-29 | 894000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;932441 |
| Global Partners LP (A)(B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;07-01-33 | 228000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231535 |
| Hilcorp Energy I LP (A)(B) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;02-01-29 | 468000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459710 |
| Howard Midstream Energy Partners LLC (A)(B) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;07-15-32 | 104000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107528 |
| Howard Midstream Energy Partners LLC (A)(B) | &nbsp;&nbsp;8.875 | &nbsp;&nbsp;07-15-28 | 511000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532815 |
| Long Ridge Energy LLC (A)(B) | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;02-15-32 | 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668877 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;09-01-30 | 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358898 |
| Permian Resources Operating LLC (A)(B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;01-15-32 | 590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609245 |
| Petroleos Mexicanos | &nbsp;&nbsp;6.700 | &nbsp;&nbsp;02-16-32 | 632000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602421 |
| Sitio Royalties Operating Partnership LP (A)(B) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;11-01-28 | 258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269176 |
| SM Energy Company (A)(B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;08-01-32 | 656000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649585 |
| Sunoco LP (A) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;04-30-30 | 374000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358599 |
| Sunoco LP (A) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;04-15-27 | 436000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435710 |
| TransMontaigne Partners LLC (B) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-15-30 | 237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247745 |
| Venture Global LNG, Inc. (A)(B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;01-15-30 | 612000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620577 |
| Venture Global LNG, Inc. (9.000% to 9-30-29, then 5 Year CMT + 5.440%) (A)(B)(E) | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;09-30-29 | 2321000 | &nbsp;&nbsp;&nbsp;&nbsp;2321592 |
| Venture Global LNG, Inc. (A)(B) | &nbsp;&nbsp;9.500 | &nbsp;&nbsp;02-01-29 | 1457000 | &nbsp;&nbsp;&nbsp;&nbsp;1588974 |
| Venture Global Plaquemines LNG LLC (B) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;01-15-34 | 258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265418 |
| Venture Global Plaquemines LNG LLC (B) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;05-01-33 | 1052000 | &nbsp;&nbsp;&nbsp;&nbsp;1136101 |
| **Financials 35.7%** | **Financials 35.7%** |  |  | **46202686** |
| **Banks 15.5%** | **Banks 15.5%** | **Banks 15.5%** |  |  |
| Bank of America Corp. (6.125% to 4-27-27, then 5 Year CMT + 3.231%) (A)(E) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;04-27-27 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;2521695 |

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4 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Financials (continued)** | **Financials (continued)** |  |  |  |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |  |  |
| Bank of Montreal (7.700% to 5-26-29, then 5 Year CMT + 3.452%) (A) | &nbsp;&nbsp;7.700 | &nbsp;&nbsp;05-26-84 | 2156000 | $2255508 |
| Barclays PLC (8.000% to 9-15-29, then 5 Year CMT + 5.431%) (E) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;03-15-29 | 2200000 | &nbsp;&nbsp;&nbsp;2331652 |
| BNP Paribas SA (8.000% to 8-22-31, then 5 Year CMT + 3.727%) (A)(B)(C)(E) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;08-22-31 | 692000 | &nbsp;&nbsp;&nbsp;&nbsp;740419 |
| Comerica, Inc. (5.982% to 1-30-29, then Overnight SOFR + 2.155%) (A) | &nbsp;&nbsp;5.982 | &nbsp;&nbsp;01-30-30 | 648000 | &nbsp;&nbsp;&nbsp;&nbsp;666310 |
| Credit Agricole SA (8.125% to 12-23-25, then 5 Year U.S. Swap Rate + 6.185%) (A)(B)(E) | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;12-23-25 | 1495000 | &nbsp;&nbsp;&nbsp;1511699 |
| HSBC Holdings PLC (6.000% to 5-22-27, then 5 Year U.S. ICE Swap Rate + 3.746%) (A)(C)(E) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;05-22-27 | 2200000 | &nbsp;&nbsp;&nbsp;2200194 |
| HSBC Holdings PLC (6.875% to 3-11-30, then 5 Year CMT + 3.298%) (A)(E) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;09-11-29 | 1111000 | &nbsp;&nbsp;&nbsp;1145053 |
| Popular, Inc. | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;03-13-28 | 770000 | &nbsp;&nbsp;&nbsp;&nbsp;805273 |
| The Bank of Nova Scotia (8.625% to 10-27-27, then 5 Year CMT + 4.389%) (A) | &nbsp;&nbsp;8.625 | &nbsp;&nbsp;10-27-82 | 2000000 | &nbsp;&nbsp;&nbsp;2124244 |
| The Toronto-Dominion Bank (7.250% to 7-31-29, then 5 Year CMT + 2.977%) (A)(C) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;07-31-84 | 1054000 | &nbsp;&nbsp;&nbsp;1092799 |
| The Toronto-Dominion Bank (8.125% to 10-31-27, then 5 Year CMT + 4.075%) (A) | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;10-31-82 | 2100000 | &nbsp;&nbsp;&nbsp;2213585 |
| Truist Financial Corp. (5.711% to 1-24-34, then Overnight SOFR + 1.922%) (A) | &nbsp;&nbsp;5.711 | &nbsp;&nbsp;01-24-35 | 413000 | &nbsp;&nbsp;&nbsp;&nbsp;427338 |
| **Capital markets 2.4%** | **Capital markets 2.4%** | **Capital markets 2.4%** |  |  |
| Ares Strategic Income Fund (A) | &nbsp;&nbsp;5.600 | &nbsp;&nbsp;02-15-30 | 2000000 | &nbsp;&nbsp;&nbsp;1992808 |
| Focus Financial Partners LLC (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;09-15-31 | 1086000 | &nbsp;&nbsp;&nbsp;1109798 |
| **Consumer finance 3.3%** | **Consumer finance 3.3%** | **Consumer finance 3.3%** |  |  |
| Credit Acceptance Corp. (A)(B) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;03-15-30 | 356000 | &nbsp;&nbsp;&nbsp;&nbsp;360511 |
| goeasy, Ltd. (A)(B) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;10-01-30 | 743000 | &nbsp;&nbsp;&nbsp;&nbsp;757573 |
| OneMain Finance Corp. (F) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;05-15-30 | 372000 | &nbsp;&nbsp;&nbsp;&nbsp;372625 |
| OneMain Finance Corp. | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;03-15-32 | 218000 | &nbsp;&nbsp;&nbsp;&nbsp;221203 |
| OneMain Finance Corp. (A) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;03-15-30 | 1000000 | &nbsp;&nbsp;&nbsp;1052662 |
| OneMain Finance Corp. (A) | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;01-15-29 | 444000 | &nbsp;&nbsp;&nbsp;&nbsp;465893 |
| PHH Escrow Issuer LLC (B) | &nbsp;&nbsp;9.875 | &nbsp;&nbsp;11-01-29 | 241000 | &nbsp;&nbsp;&nbsp;&nbsp;241443 |
| Rfna LP (A)(B) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;02-15-30 | 257000 | &nbsp;&nbsp;&nbsp;&nbsp;261045 |
| World Acceptance Corp. (B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;11-01-26 | 572000 | &nbsp;&nbsp;&nbsp;&nbsp;581358 |
| **Financial services 4.3%** | **Financial services 4.3%** | **Financial services 4.3%** |  |  |
| Block, Inc. | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;06-01-31 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;549875 |
| Enact Holdings, Inc. (A) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;05-28-29 | 1068000 | &nbsp;&nbsp;&nbsp;1103466 |
| Freedom Mortgage Corp. (A)(B) | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;10-01-30 | 576000 | &nbsp;&nbsp;&nbsp;&nbsp;637140 |
| Freedom Mortgage Holdings LLC (A)(B) | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;04-01-32 | 336000 | &nbsp;&nbsp;&nbsp;&nbsp;343652 |
| NMI Holdings, Inc. (A) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;08-15-29 | 649000 | &nbsp;&nbsp;&nbsp;&nbsp;661947 |
| Osaic Holdings, Inc. (B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;08-01-32 | 149000 | &nbsp;&nbsp;&nbsp;&nbsp;150797 |
| Osaic Holdings, Inc. (B) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;08-01-33 | 42000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42681 |
| PennyMac Financial Services, Inc. (A)(B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;05-15-32 | 355000 | &nbsp;&nbsp;&nbsp;&nbsp;361690 |
| PennyMac Financial Services, Inc. (A)(B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;02-15-33 | 382000 | &nbsp;&nbsp;&nbsp;&nbsp;389339 |
| Rocket Companies, Inc. (A)(B) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;08-01-30 | 557000 | &nbsp;&nbsp;&nbsp;&nbsp;564772 |
| Rocket Companies, Inc. (B) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;08-01-33 | 468000 | &nbsp;&nbsp;&nbsp;&nbsp;477352 |
| Walker & Dunlop, Inc. (B) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;04-01-33 | 306000 | &nbsp;&nbsp;&nbsp;&nbsp;311976 |
| **Insurance 9.7%** | **Insurance 9.7%** | **Insurance 9.7%** |  |  |
| Acrisure LLC (A)(B) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;11-06-30 | 773000 | &nbsp;&nbsp;&nbsp;&nbsp;798570 |
| Acrisure LLC (B) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-15-29 | 461000 | &nbsp;&nbsp;&nbsp;&nbsp;480894 |
| Alliant Holdings Intermediate LLC (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;04-15-28 | 616000 | &nbsp;&nbsp;&nbsp;&nbsp;624331 |
| Alliant Holdings Intermediate LLC (A)(B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;01-15-31 | 581000 | &nbsp;&nbsp;&nbsp;&nbsp;597426 |
| Alliant Holdings Intermediate LLC (A)(B)(C) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;10-01-32 | 492000 | &nbsp;&nbsp;&nbsp;&nbsp;505765 |
| Amynta Agency Borrower, Inc. and Amynta Warranty Borrower, Inc. (B) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;07-15-33 | 74000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74217 |
| Athene Holding, Ltd. (6.625% to 10-15-34, then 5 Year CMT + 2.607%) (A) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;10-15-54 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;984243 |
| Athene Holding, Ltd. (6.875% to 6-28-35, then 5 Year CMT + 2.582%) (A)(C) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;06-28-55 | 2000000 | &nbsp;&nbsp;&nbsp;1974460 |
| Baldwin Insurance Group Holdings LLC (A)(B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;05-15-31 | 315000 | &nbsp;&nbsp;&nbsp;&nbsp;325226 |
| F&G Annuities & Life, Inc. (A) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;10-04-34 | 1273000 | &nbsp;&nbsp;&nbsp;1266349 |
| Global Atlantic Financial Company (7.950% to 10-15-29, then 5 Year CMT + 3.608%) (B) | &nbsp;&nbsp;7.950 | &nbsp;&nbsp;10-15-54 | 516000 | &nbsp;&nbsp;&nbsp;&nbsp;539223 |
| Howden UK Refinance PLC (A)(B) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;02-15-31 | 706000 | &nbsp;&nbsp;&nbsp;&nbsp;731051 |
| HUB International, Ltd. (B) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;01-31-32 | 321000 | &nbsp;&nbsp;&nbsp;&nbsp;334241 |
| Panther Escrow Issuer LLC (A)(B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;06-01-31 | 755000 | &nbsp;&nbsp;&nbsp;&nbsp;780744 |
| Prudential Financial, Inc. (3.700% to 10-1-30, then 5 Year CMT + 3.035%) (A) | &nbsp;&nbsp;3.700 | &nbsp;&nbsp;10-01-50 | 2100000 | &nbsp;&nbsp;&nbsp;1917179 |
| SBL Holdings, Inc. (A)(B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-18-31 | 587000 | &nbsp;&nbsp;&nbsp;&nbsp;539571 |

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SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT 5

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Financials (continued)** | **Financials (continued)** |  |  |  |
| **Mortgage real estate investment trusts 0.5%** | **Mortgage real estate investment trusts 0.5%** | **Mortgage real estate investment trusts 0.5%** |  |  |
| Blackstone Mortgage Trust, Inc. (A)(B) | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;12-01-29 | 645000 | &nbsp;&nbsp;&nbsp;&nbsp;$681821 |
| **Health care 6.5%** | **Health care 6.5%** |  |  | &nbsp;&nbsp;**8414904** |
| **Health care equipment and supplies 0.7%** | **Health care equipment and supplies 0.7%** | **Health care equipment and supplies 0.7%** |  |  |
| Varex Imaging Corp. (A)(B) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;10-15-27 | 897000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910062 |
| **Health care providers and services 3.9%** | **Health care providers and services 3.9%** | **Health care providers and services 3.9%** |  |  |
| Acadia Healthcare Company, Inc. (A)(B)(C) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;03-15-33 | 658000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;677475 |
| AdaptHealth LLC (A)(B) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;08-01-29 | 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421670 |
| AMN Healthcare, Inc. (A)(B) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;04-15-29 | 529000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485862 |
| CVS Health Corp. (7.000% to 3-10-30, then 5 Year CMT + 2.886%) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;03-10-55 | 847000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871427 |
| HCA, Inc. (A) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;06-15-47 | 1760000 | &nbsp;&nbsp;&nbsp;&nbsp;1628596 |
| Raven Acquisition Holdings LLC (A)(B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;11-15-31 | 359000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362600 |
| Tenet Healthcare Corp. (A) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;10-01-28 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600037 |
| **Pharmaceuticals 1.9%** | **Pharmaceuticals 1.9%** | **Pharmaceuticals 1.9%** |  |  |
| Bausch Health Companies, Inc. (B) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;04-15-32 | 1541000 | &nbsp;&nbsp;&nbsp;&nbsp;1568875 |
| Endo Finance Holdings, Inc. (A)(B) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;04-15-31 | 835000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888300 |
| **Industrials 8.5%** | **Industrials 8.5%** |  |  | **10990288** |
| **Building products 1.0%** | **Building products 1.0%** | **Building products 1.0%** |  |  |
| Builders FirstSource, Inc. (B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;05-15-35 | 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435752 |
| JELD-WEN, Inc. (A)(B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;09-01-32 | 749000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561945 |
| Miter Brands Acquisition Holdco, Inc. (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;04-01-32 | 258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263414 |
| **Commercial services and supplies 3.3%** | **Commercial services and supplies 3.3%** | **Commercial services and supplies 3.3%** |  |  |
| Albion Financing 1 SARL (B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;05-21-30 | 465000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;478618 |
| Allied Universal Holdco LLC (A)(B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;06-15-30 | 940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;962340 |
| Cimpress PLC (A)(B)(C) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;09-15-32 | 433000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423249 |
| Garda World Security Corp. (B) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;08-01-32 | 338000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348497 |
| Garda World Security Corp. (B) | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;11-15-32 | 243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250310 |
| The GEO Group, Inc. (A) | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;04-15-31 | 993000 | &nbsp;&nbsp;&nbsp;&nbsp;1091731 |
| VT Topco, Inc. (A)(B) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;08-15-30 | 711000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757027 |
| **Construction and engineering 0.5%** | **Construction and engineering 0.5%** | **Construction and engineering 0.5%** |  |  |
| Brundage-Bone Concrete Pumping Holdings, Inc. (A)(B) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;02-01-32 | 644000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;641044 |
| **Ground transportation 0.2%** | **Ground transportation 0.2%** | **Ground transportation 0.2%** |  |  |
| Watco Companies LLC (B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;08-01-32 | 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246914 |
| **Machinery 0.9%** | **Machinery 0.9%** | **Machinery 0.9%** |  |  |
| Stanley Black & Decker, Inc. (6.707% to 3-15-30, then 5 Year CMT + 2.657%) | &nbsp;&nbsp;6.707 | &nbsp;&nbsp;03-15-60 | 1252000 | &nbsp;&nbsp;&nbsp;&nbsp;1218400 |
| **Passenger airlines 1.6%** | **Passenger airlines 1.6%** | **Passenger airlines 1.6%** |  |  |
| American Airlines 2016-3 Class B Pass Through Trust (A) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;10-15-25 | 235987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234887 |
| JetBlue Airways Corp. (A)(B) | &nbsp;&nbsp;9.875 | &nbsp;&nbsp;09-20-31 | 1089000 | &nbsp;&nbsp;&nbsp;&nbsp;1052900 |
| OneSky Flight LLC (A)(B) | &nbsp;&nbsp;8.875 | &nbsp;&nbsp;12-15-29 | 177000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186478 |
| United Airlines 2020-1 Class B Pass Through Trust | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;01-15-26 | 561781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560864 |
| **Professional services 0.6%** | **Professional services 0.6%** | **Professional services 0.6%** |  |  |
| Amentum Holdings, Inc. (A)(B) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;08-01-32 | 152000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157240 |
| TriNet Group, Inc. (A)(B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;08-15-31 | 648000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666822 |
| **Trading companies and distributors 0.4%** | **Trading companies and distributors 0.4%** | **Trading companies and distributors 0.4%** |  |  |
| Herc Holdings, Inc. (A)(B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;06-15-30 | 438000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451856 |
| **Information technology 5.4%** | **Information technology 5.4%** |  |  | &nbsp;&nbsp;**6949203** |
| **Communications equipment 0.4%** | **Communications equipment 0.4%** | **Communications equipment 0.4%** |  |  |
| EchoStar Corp. | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;11-30-29 | 441000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464704 |
| **IT services 0.9%** | **IT services 0.9%** | **IT services 0.9%** |  |  |
| CoreWeave, Inc. (A)(B) | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;02-01-31 | 206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205122 |
| CoreWeave, Inc. (A)(B) | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;06-01-30 | 294000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295485 |
| Virtusa Corp. (B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;12-15-28 | 639000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610494 |

---

6 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Information technology (continued)** | **Information technology (continued)** |  |  |  |
| **Semiconductors and semiconductor equipment 0.8%** | **Semiconductors and semiconductor equipment 0.8%** | **Semiconductors and semiconductor equipment 0.8%** |  |  |
| Kioxia Holdings Corp. (B) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;07-24-30 | 1114000 | $1109872 |
| **Software 1.9%** | **Software 1.9%** | **Software 1.9%** |  |  |
| Cloud Software Group, Inc. (B) | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;09-30-29 | 1603000 | &nbsp;&nbsp;&nbsp;1658882 |
| Consensus Cloud Solutions, Inc. (A)(B) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;10-15-28 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;596688 |
| NCR Voyix Corp. (A)(B) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;04-15-29 | 44000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43121 |
| Pagaya US Holdings Company LLC (A)(B) | &nbsp;&nbsp;8.875 | &nbsp;&nbsp;08-01-30 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;198694 |
| **Technology hardware, storage and peripherals 1.4%** | **Technology hardware, storage and peripherals 1.4%** | **Technology hardware, storage and peripherals 1.4%** |  |  |
| Dell International LLC (A) | &nbsp;&nbsp;8.350 | &nbsp;&nbsp;07-15-46 | 319000 | &nbsp;&nbsp;&nbsp;&nbsp;405689 |
| Diebold Nixdorf, Inc. (A)(B) | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;03-31-30 | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58354 |
| Seagate Data Storage Technology Pte, Ltd. (A)(B)(C) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;12-01-34 | 939000 | &nbsp;&nbsp;&nbsp;&nbsp;882942 |
| Seagate Data Storage Technology Pte, Ltd. (A)(B) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;12-15-29 | 168000 | &nbsp;&nbsp;&nbsp;&nbsp;179068 |
| Xerox Holdings Corp. (A)(B) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;08-15-28 | 363000 | &nbsp;&nbsp;&nbsp;&nbsp;240088 |
| **Materials 6.2%** | **Materials 6.2%** |  |  | **8049668** |
| **Chemicals 1.7%** | **Chemicals 1.7%** | **Chemicals 1.7%** |  |  |
| Ashland, Inc. | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;05-15-43 | 845000 | &nbsp;&nbsp;&nbsp;&nbsp;871797 |
| Braskem Idesa SAPI (B) | &nbsp;&nbsp;6.990 | &nbsp;&nbsp;02-20-32 | 340000 | &nbsp;&nbsp;&nbsp;&nbsp;228308 |
| Celanese US Holdings LLC | &nbsp;&nbsp;7.050 | &nbsp;&nbsp;11-15-30 | 217000 | &nbsp;&nbsp;&nbsp;&nbsp;225989 |
| Inversion Escrow Issuer LLC (B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;08-01-32 | 626000 | &nbsp;&nbsp;&nbsp;&nbsp;618590 |
| SCIL IV LLC (A)(B) | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;11-01-26 | 310000 | &nbsp;&nbsp;&nbsp;&nbsp;308284 |
| **Construction materials 0.3%** | **Construction materials 0.3%** | **Construction materials 0.3%** |  |  |
| Quikrete Holdings, Inc. (B) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;03-01-32 | 160000 | &nbsp;&nbsp;&nbsp;&nbsp;164095 |
| Quikrete Holdings, Inc. (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;03-01-33 | 224000 | &nbsp;&nbsp;&nbsp;&nbsp;229740 |
| **Containers and packaging 3.0%** | **Containers and packaging 3.0%** | **Containers and packaging 3.0%** |  |  |
| Ardagh Packaging Finance PLC (A)(B)(C) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-15-26 | 1180000 | &nbsp;&nbsp;&nbsp;1165250 |
| Clydesdale Acquisition Holdings, Inc. (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;04-15-32 | 350000 | &nbsp;&nbsp;&nbsp;&nbsp;358509 |
| Clydesdale Acquisition Holdings, Inc. (A)(B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;01-15-30 | 780000 | &nbsp;&nbsp;&nbsp;&nbsp;797651 |
| Clydesdale Acquisition Holdings, Inc. (B) | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;04-15-30 | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;255144 |
| Owens-Brockway Glass Container, Inc. (A)(B)(C) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;05-15-31 | 1100000 | &nbsp;&nbsp;&nbsp;1112361 |
| Trivium Packaging Finance BV (A)(B) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;07-15-30 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;210608 |
| **Metals and mining 0.6%** | **Metals and mining 0.6%** | **Metals and mining 0.6%** |  |  |
| Champion Iron Canada, Inc. (B) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;07-15-32 | 169000 | &nbsp;&nbsp;&nbsp;&nbsp;172608 |
| Novelis Corp. (A)(B) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;01-30-30 | 610000 | &nbsp;&nbsp;&nbsp;&nbsp;584323 |
| **Paper and forest products 0.6%** | **Paper and forest products 0.6%** | **Paper and forest products 0.6%** |  |  |
| Magnera Corp. (A)(B) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;11-15-31 | 793000 | &nbsp;&nbsp;&nbsp;&nbsp;746411 |
| **Real estate 4.2%** | **Real estate 4.2%** |  |  | **5492341** |
| **Health care REITs 0.5%** | **Health care REITs 0.5%** | **Health care REITs 0.5%** |  |  |
| Diversified Healthcare Trust (B)(G) | &nbsp;&nbsp;6.155 | &nbsp;&nbsp;01-15-26 | 501000 | &nbsp;&nbsp;&nbsp;&nbsp;487228 |
| MPT Operating Partnership LP (A)(B) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;02-15-32 | 144000 | &nbsp;&nbsp;&nbsp;&nbsp;149674 |
| **Hotel and resort REITs 0.3%** | **Hotel and resort REITs 0.3%** | **Hotel and resort REITs 0.3%** |  |  |
| XHR LP (A)(B) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;05-15-30 | 439000 | &nbsp;&nbsp;&nbsp;&nbsp;446190 |
| **Real estate management and development 1.2%** | **Real estate management and development 1.2%** | **Real estate management and development 1.2%** |  |  |
| Anywhere Real Estate Group LLC (A)(B)(C) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;04-15-30 | 297935 | &nbsp;&nbsp;&nbsp;&nbsp;285326 |
| Anywhere Real Estate Group LLC (A)(B) | &nbsp;&nbsp;9.750 | &nbsp;&nbsp;04-15-30 | 428000 | &nbsp;&nbsp;&nbsp;&nbsp;445719 |
| Fideicomiso Irrevocable de Emision, Administracion y Fuente de Pago Numero CIB/4323 (11.000% Cash and 2.000% PIK) (B) | &nbsp;&nbsp;13.000 | &nbsp;&nbsp;09-12-31 | 202000 | &nbsp;&nbsp;&nbsp;&nbsp;153268 |
| Greystar Real Estate Partners LLC (A)(B) | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;09-01-30 | 609000 | &nbsp;&nbsp;&nbsp;&nbsp;643832 |
| **Specialized REITs 2.2%** | **Specialized REITs 2.2%** | **Specialized REITs 2.2%** |  |  |
| GLP Capital LP (A) | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;04-15-26 | 2315000 | &nbsp;&nbsp;&nbsp;2315674 |
| Uniti Group LP (A)(B) | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;02-15-28 | 535000 | &nbsp;&nbsp;&nbsp;&nbsp;565430 |
| **Utilities 4.5%** | **Utilities 4.5%** |  |  | **5871046** |
| **Electric utilities 2.4%** | **Electric utilities 2.4%** | **Electric utilities 2.4%** |  |  |
| NextEra Energy Capital Holdings, Inc. (6.375% to 8-15-30, then 5 Year CMT + 2.053%) (A) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;08-15-55 | 2056000 | &nbsp;&nbsp;&nbsp;2109396 |

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SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT 7

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Utilities (continued)** | **Utilities (continued)** |  |  |  |
| **Electric utilities (continued)** | **Electric utilities (continued)** | **Electric utilities (continued)** |  |  |
| NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (A)(B)(E) | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;03-15-28 | 507000 | &nbsp;&nbsp;&nbsp;$558063 |
| PG&E Corp. (7.375% to 3-15-30, then 5 Year CMT + 3.883%) (A) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;03-15-55 | 427000 | &nbsp;&nbsp;&nbsp;&nbsp;412048 |
| **Gas utilities 0.5%** | **Gas utilities 0.5%** | **Gas utilities 0.5%** |  |  |
| AltaGas, Ltd. (7.200% to 10-15-34, then 5 Year CMT + 3.573%) (B) | &nbsp;&nbsp;7.200 | &nbsp;&nbsp;10-15-54 | 640000 | &nbsp;&nbsp;&nbsp;&nbsp;644904 |
| **Independent power and renewable electricity producers 1.6%** | **Independent power and renewable electricity producers 1.6%** | **Independent power and renewable electricity producers 1.6%** |  |  |
| Alpha Generation LLC (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;10-15-32 | 305000 | &nbsp;&nbsp;&nbsp;&nbsp;312114 |
| ContourGlobal Power Holdings SA (A)(B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-28-30 | 617000 | &nbsp;&nbsp;&nbsp;&nbsp;632425 |
| Talen Energy Supply LLC (A)(B) | &nbsp;&nbsp;8.625 | &nbsp;&nbsp;06-01-30 | 710000 | &nbsp;&nbsp;&nbsp;&nbsp;754496 |
| Vistra Corp. (8.875% to 1-15-29, then 5 Year CMT + 5.045%) (B)(E) | &nbsp;&nbsp;8.875 | &nbsp;&nbsp;01-15-29 | 413000 | &nbsp;&nbsp;&nbsp;&nbsp;447600 |
| **Term loans (H) 15.9% (9.5% of Total investments)** | **Term loans (H) 15.9% (9.5% of Total investments)** | **Term loans (H) 15.9% (9.5% of Total investments)** |  | &nbsp;&nbsp;**$20603750** |
| (Cost $21,082,718) |  |  |  |  |
| **Communication services 4.7%** |  |  |  | **6150564** |
| **Entertainment 1.1%** | **Entertainment 1.1%** | **Entertainment 1.1%** |  |  |
| Playtika Holding Corp., 2021 Term Loan (I) | &nbsp;&nbsp;TBD | &nbsp;&nbsp;03-13-28 | 1500000 | &nbsp;&nbsp;1486020 |
| **Interactive media and services 2.2%** | **Interactive media and services 2.2%** | **Interactive media and services 2.2%** |  |  |
| Arches Buyer, Inc., 2021 Term Loan B (1 month CME Term SOFR + 3.250%) | &nbsp;&nbsp;7.706 | &nbsp;&nbsp;12-06-27 | 685760 | &nbsp;&nbsp;&nbsp;&nbsp;684635 |
| X Corp., 2025 Fixed Term Loan | &nbsp;&nbsp;9.500 | &nbsp;&nbsp;10-26-29 | 2209000 | &nbsp;&nbsp;2140278 |
| **Media 1.4%** | **Media 1.4%** | **Media 1.4%** |  |  |
| Altice France SA, 2023 USD Term Loan B14 (3 month CME Term SOFR + 5.500%) | &nbsp;&nbsp;9.756 | &nbsp;&nbsp;08-15-28 | 651641 | &nbsp;&nbsp;&nbsp;&nbsp;605211 |
| Cable One, Inc., 2021 Term Loan B4 (1 month CME Term SOFR + 2.000%) | &nbsp;&nbsp;6.471 | &nbsp;&nbsp;05-03-28 | 659845 | &nbsp;&nbsp;&nbsp;&nbsp;634771 |
| Townsquare Media, Inc., 2025 Term Loan (3 month CME Term SOFR + 5.000%) | &nbsp;&nbsp;9.324 | &nbsp;&nbsp;02-19-30 | 673763 | &nbsp;&nbsp;&nbsp;&nbsp;599649 |
| **Consumer discretionary 2.4%** |  |  |  | **3135409** |
| **Hotels, restaurants and leisure 2.4%** | **Hotels, restaurants and leisure 2.4%** | **Hotels, restaurants and leisure 2.4%** |  |  |
| Dave & Buster's, Inc., 2024 Term Loan B (3 month CME Term SOFR + 3.250%) | &nbsp;&nbsp;7.563 | &nbsp;&nbsp;06-29-29 | 1602000 | &nbsp;&nbsp;1562959 |
| J&J Ventures Gaming LLC, 2025 Repriced Term Loan B (1 month CME Term SOFR + 3.500%) | &nbsp;&nbsp;7.856 | &nbsp;&nbsp;04-26-30 | 1587323 | &nbsp;&nbsp;1572450 |
| **Financials 4.4%** |  |  |  | **5688932** |
| **Capital markets 0.5%** | **Capital markets 0.5%** | **Capital markets 0.5%** |  |  |
| Aretec Group, Inc., 2024 1st Lien Term Loan B (1 month CME Term SOFR + 3.500%) | &nbsp;&nbsp;7.856 | &nbsp;&nbsp;08-09-30 | 99500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99672 |
| Hightower Holding LLC, 2025 Term Loan B (3 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.260 | &nbsp;&nbsp;02-03-32 | 498747 | &nbsp;&nbsp;&nbsp;&nbsp;498747 |
| **Financial services 2.1%** | **Financial services 2.1%** | **Financial services 2.1%** |  |  |
| Edelman Financial Engines Center LLC, 2024 2nd Lien Term Loan (1 month CME Term SOFR + 5.250%) | &nbsp;&nbsp;9.606 | &nbsp;&nbsp;10-06-28 | 912000 | &nbsp;&nbsp;&nbsp;&nbsp;915420 |
| June Purchaser LLC, Term Loan (6 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.217 | &nbsp;&nbsp;11-28-31 | 85500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85851 |
| Kestra Advisor Services Holdings A, Inc., 2024 Repriced Term Loan (1 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.356 | &nbsp;&nbsp;03-22-31 | 99500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99542 |
| Osaic Holdings, Inc., 2024 Term Loan B (1 month CME Term SOFR + 3.500%) | &nbsp;&nbsp;7.856 | &nbsp;&nbsp;08-17-28 | 883325 | &nbsp;&nbsp;&nbsp;&nbsp;883599 |
| Summit Acquisition, Inc., 2024 Term Loan B (3 month CME Term SOFR + 3.500%) | &nbsp;&nbsp;7.832 | &nbsp;&nbsp;10-16-31 | 276308 | &nbsp;&nbsp;&nbsp;&nbsp;276653 |
| Summit Acquisition, Inc., 2025 Add-on Term Loan (3 month CME Term SOFR + 3.500%) | &nbsp;&nbsp;7.832 | &nbsp;&nbsp;10-16-31 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;500625 |
| **Insurance 1.8%** | **Insurance 1.8%** | **Insurance 1.8%** |  |  |
| Amynta Agency Borrower, Inc., 2024 1st Lien Term Loan B (1 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.105 | &nbsp;&nbsp;12-29-31 | 657695 | &nbsp;&nbsp;&nbsp;&nbsp;657859 |
| IMA Financial Group, Inc., Term Loan (1 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.356 | &nbsp;&nbsp;11-01-28 | 727331 | &nbsp;&nbsp;&nbsp;&nbsp;727513 |
| OneDigital Borrower LLC, 2025 Repriced Term Loan (1 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.356 | &nbsp;&nbsp;07-02-31 | 596736 | &nbsp;&nbsp;&nbsp;&nbsp;596736 |
| Truist Insurance Holdings LLC, 2nd Lien Term Loan (3 month CME Term SOFR + 4.750%) | &nbsp;&nbsp;9.046 | &nbsp;&nbsp;05-06-32 | 340000 | &nbsp;&nbsp;&nbsp;&nbsp;346715 |
| **Health care 1.0%** |  |  |  | **1235145** |
| **Health care providers and services 0.7%** | **Health care providers and services 0.7%** | **Health care providers and services 0.7%** |  |  |
| Mamba Purchaser, Inc., 2024 Repriced Term Loan B (1 month CME Term SOFR + 2.750%) | &nbsp;&nbsp;7.106 | &nbsp;&nbsp;10-16-28 | 901248 | &nbsp;&nbsp;&nbsp;&nbsp;901474 |
| **Health care technology 0.3%** | **Health care technology 0.3%** | **Health care technology 0.3%** |  |  |
| AthenaHealth Group, Inc., 2022 Term Loan B (1 month CME Term SOFR + 2.750%) | &nbsp;&nbsp;7.106 | &nbsp;&nbsp;02-15-29 | 334163 | &nbsp;&nbsp;&nbsp;&nbsp;333671 |
| **Industrials 2.8%** |  |  |  | **3616151** |
| **Commercial services and supplies 2.2%** | **Commercial services and supplies 2.2%** | **Commercial services and supplies 2.2%** |  |  |
| Allied Universal Holdco LLC, 2021 USD Incremental Term Loan B (1 month CME Term SOFR + 3.750%) | &nbsp;&nbsp;8.206 | &nbsp;&nbsp;05-12-28 | 1280556 | &nbsp;&nbsp;1282618 |
| Anticimex Global AB, 2021 USD Term Loan B1 (3 month CME Term SOFR + 3.400%) | &nbsp;&nbsp;7.660 | &nbsp;&nbsp;11-16-28 | 496144 | &nbsp;&nbsp;&nbsp;&nbsp;496586 |

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8 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Industrials (continued)** |  |  |  |  |
| **Commercial services and supplies (continued)** | **Commercial services and supplies (continued)** | **Commercial services and supplies (continued)** |  |  |
| Anticimex Global AB, 2024 Term Loan B6 (3 month CME Term SOFR + 3.400%) | &nbsp;&nbsp;7.660 | &nbsp;&nbsp;11-16-28 | 204967 | &nbsp;&nbsp;&nbsp;$205267 |
| Garda World Security Corp., 2025 Term Loan B (1 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.343 | &nbsp;&nbsp;02-01-29 | 835929 | &nbsp;&nbsp;&nbsp;&nbsp;834751 |
| **Passenger airlines 0.6%** | **Passenger airlines 0.6%** | **Passenger airlines 0.6%** |  |  |
| AAdvantage Loyalty IP, Ltd., 2025 Term Loan (3 month CME Term SOFR + 2.250%) | &nbsp;&nbsp;6.575 | &nbsp;&nbsp;04-20-28 | 800934 | &nbsp;&nbsp;&nbsp;&nbsp;796929 |
| **Information technology 0.3%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**413058** |
| **Technology hardware, storage and peripherals 0.3%** | **Technology hardware, storage and peripherals 0.3%** | **Technology hardware, storage and peripherals 0.3%** |  |  |
| Xerox Corp., 2023 Term Loan B (3 and 6 month CME Term SOFR + 4.000%) | &nbsp;&nbsp;8.273 | &nbsp;&nbsp;11-17-29 | 440986 | &nbsp;&nbsp;&nbsp;&nbsp;413058 |
| **Materials 0.3%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**364491** |
| **Chemicals 0.3%** | **Chemicals 0.3%** | **Chemicals 0.3%** |  |  |
| Trinseo Materials Operating SCA, 2021 Term Loan B2 (3 month CME Term SOFR + 2.500%) | &nbsp;&nbsp;7.090 | &nbsp;&nbsp;05-03-28 | 866536 | &nbsp;&nbsp;&nbsp;&nbsp;364491 |
| **Collateralized mortgage obligations 0.0% (0.0% of Total investments)** | **Collateralized mortgage obligations 0.0% (0.0% of Total investments)** | **Collateralized mortgage obligations 0.0% (0.0% of Total investments)** |  | &nbsp;&nbsp;**$72050** |
| (Cost $103,663) |  |  |  |  |
| **Commercial and residential 0.0%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**66401** |
| HarborView Mortgage Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-3, Class ES IO (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-19-37 | &nbsp;&nbsp;&nbsp;&nbsp;1305278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20607 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-4, Class ES IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-19-37 | &nbsp;&nbsp;&nbsp;&nbsp;1353528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21374 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-6, Class ES IO (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-19-37 | &nbsp;&nbsp;&nbsp;&nbsp;1483085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24420 |
| **U.S. Government Agency 0.0%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5649** |
| Government National Mortgage Association |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2012-114, Class IO (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-16-53 | &nbsp;&nbsp;&nbsp;&nbsp;363626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5649 |
| **Asset-backed securities 2.9% (1.7% of Total investments)** | **Asset-backed securities 2.9% (1.7% of Total investments)** | **Asset-backed securities 2.9% (1.7% of Total investments)** |  | &nbsp;&nbsp;**$3712629** |
| (Cost $3,602,915) |  |  |  |  |
| **Asset-backed securities 2.9%** |  |  |  | **3712629** |
| ContiMortgage Home Equity Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 1995-2, Class A5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-25 | &nbsp;&nbsp;&nbsp;&nbsp;14091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9390 |
| CyrusOne Data Centers Issuer I LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1A, Class B (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-20-48 | &nbsp;&nbsp;&nbsp;&nbsp;728018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707917 |
| MVW LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class D (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-21-39 | &nbsp;&nbsp;&nbsp;&nbsp;341831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335616 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1A, Class D (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-40 | &nbsp;&nbsp;&nbsp;&nbsp;362578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369880 |
| Neighborly Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1A, Class A2 (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-30-53 | &nbsp;&nbsp;&nbsp;&nbsp;1197438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1218111 |
| Subway Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2I (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-30-54 | &nbsp;&nbsp;&nbsp;&nbsp;759263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2II (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-30-54 | &nbsp;&nbsp;&nbsp;&nbsp;297750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302943 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common stocks 0.0% (0.0% of Total investments)** |  | &nbsp;&nbsp;**$0** |
| (Cost $192,563) |  |  |
| **Industrials 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| **Passenger airlines 0.0%** |  |  |
| Global Aviation Holdings, Inc., Class A (J)(K) | 82159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Preferred securities 2.2% (1.3% of Total investments)** |  | &nbsp;&nbsp;**$2922968** |
| (Cost $2,545,691) |  |  |
| **Communication services 0.9%** |  | **1201731** |
| **Wireless telecommunication services 0.9%** | **Wireless telecommunication services 0.9%** |  |
| Telephone & Data Systems, Inc., 6.000% (A) | &nbsp;&nbsp;17125 | &nbsp;&nbsp;&nbsp;315785 |
| U.S. Cellular Corp., 6.250% | &nbsp;&nbsp;34675 | &nbsp;&nbsp;&nbsp;885946 |
| **Financials 0.7%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**907110** |
| **Insurance 0.7%** | **Insurance 0.7%** |  |
| Athene Holding, Ltd., 7.250% (7.250% to 3-30-29, then 5 Year CMT + 2.986%) (A) | &nbsp;&nbsp;36025 | &nbsp;&nbsp;&nbsp;907110 |

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SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT 9

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real estate 0.2%** |  | **$239267** |
| **Office REITs 0.2%** | **Office REITs 0.2%** |  |
| Vornado Realty Trust, 5.400% (A) | &nbsp;&nbsp;13300 | &nbsp;&nbsp;&nbsp;239267 |
| **Utilities 0.4%** |  | &nbsp;&nbsp;&nbsp;**574860** |
| **Multi-utilities 0.4%** | **Multi-utilities 0.4%** |  |
| Algonquin Power & Utilities Corp., 8.573% (3 month CME Term SOFR + 4.272% to 7-1-29, then 3 month CME Term SOFR + 4.522% to 7-1-49, then 3 month CME Term SOFR + 5.272%) (A)(C)(L) | &nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;574860 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Yield (%)** | **Shares** | **Value** |
| **Short-term investments 8.8% (5.2% of Total investments)** | **Short-term investments 8.8% (5.2% of Total investments)** | **Short-term investments 8.8% (5.2% of Total investments)** | &nbsp;&nbsp;**$11344646** |
| (Cost $11,346,086) |  |  |  |
| **Short-term funds 8.8%** |  |  | &nbsp;&nbsp;&nbsp;**11344646** |
| John Hancock Collateral Trust (M) | &nbsp;&nbsp;4.2650(N) | 1134249 | &nbsp;&nbsp;&nbsp;&nbsp;11344646 |

---

---

| | |
|:---|:---|
| **Total investments (Cost $220,287,011) 168.4%** | **$218085269** |
| **Other assets and liabilities, net (68.4%)** | **(88615363)** |
| **Total net assets 100.0%** | **$129469906** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated. | The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. | ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| CME | CME Group Published Rates |
| CMT | Constant Maturity Treasury |
| ICE | Intercontinental Exchange |
| IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |
| PIK | Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate. |
| SOFR | Secured Overnight Financing Rate |
| (A) | All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 7-31-25 was $117,924,961. |
| (B) | This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $98,820,493 or 76.3% of the fund's net assets as of 7-31-25. |
| (C) | All or a portion of this security is on loan as of 7-31-25, and is a component of the fund's leverage under the Liquidity Agreement. The value of securities on loan amounted to $11,786,562. |
| (D) | Non-income producing - Issuer is in default. |
| (E) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
| (F) | Security purchased or sold on a when-issued or delayed-delivery basis. |
| (G) | Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end. |
| (H) | Term loans are variable rate obligations. The rate shown represents the rate at period end. |
| (I) | This position 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, which is disclosed as TBD (To Be Determined). |
| (J) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (K) | Non-income producing security. |
| (L) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
| (M) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
| (N) | The rate shown is the annualized seven-day yield as of 7-31-25. |

---

The fund had the following country composition as a percentage of total investments on 7-31-25:

---

| | |
|:---|:---|
| United States | &nbsp;&nbsp;&nbsp;&nbsp;77.1% |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;7.5% |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;2.9% |
| Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;2.7% |
| Japan | &nbsp;&nbsp;&nbsp;&nbsp;2.3% |
| France | &nbsp;&nbsp;&nbsp;&nbsp;1.8% |
| Israel | &nbsp;&nbsp;&nbsp;&nbsp;1.1% |
| Ireland | &nbsp;&nbsp;&nbsp;&nbsp;1.0% |
| Other countries | &nbsp;&nbsp;&nbsp;&nbsp;3.6% |
| **TOTAL** | **100.0%** |

---

10 JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

------

#### DERIVATIVES

#### FORWARD FOREIGN CURRENCY CONTRACTS

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract to buy** | **Contract to buy** | **Contract to sell** | **Contract to sell** | **Counterparty (OTC)** | **Contractual<br> settlement<br> date** | **Unrealized<br> appreciation** | **Unrealized<br> depreciation** |
| EUR | 155000 | USD | 179626 | MSCS | 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;$(2224) |
| EUR | 460500 | USD | 533292 | TD | 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(6237) |
| USD | 711173 | EUR | 615500 | CITI | 9/17/2025 | &nbsp;&nbsp;$6716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  |  |  |  | **$6716** | **$(8461)** |

---

#### SWAPS

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Interest rate swaps** | **Interest rate swaps** | **Interest rate swaps** | **Interest rate swaps** | **Interest rate swaps** | **Interest rate swaps** | **Interest rate swaps** | **Interest rate swaps** | **Interest rate swaps** | **Interest rate swaps** | **Interest rate swaps** |
| **Counterparty (OTC)/<br> Centrally cleared** | &nbsp;&nbsp;**Notional<br> amount** | &nbsp;&nbsp;**Currency** | &nbsp;&nbsp;**Payments<br> made** | &nbsp;&nbsp;**Payments<br> received** | &nbsp;&nbsp;**Fixed<br> payment<br> frequency** | &nbsp;&nbsp;**Floating<br> payment<br> frequency** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Unamortized<br> upfront<br> payment<br> paid<br> (received)** | &nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** | &nbsp;&nbsp;**Value** |
| Centrally cleared | &nbsp;&nbsp;43000000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;Fixed 3.662% | &nbsp;&nbsp;&nbsp;&nbsp;USD SOFR Compounded OIS<sup>(a)</sup> | &nbsp;&nbsp;Semi-Annual | &nbsp;&nbsp;Quarterly | &nbsp;&nbsp;May 2026 | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$232243 | &nbsp;&nbsp;&nbsp;$232243 |
| Centrally cleared | &nbsp;&nbsp;22000000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;Fixed 3.473% | &nbsp;&nbsp;&nbsp;&nbsp;USD SOFR Compounded OIS<sup>(a)</sup> | &nbsp;&nbsp;Semi-Annual | &nbsp;&nbsp;Quarterly | &nbsp;&nbsp;May 2026 | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;161717 | &nbsp;&nbsp;&nbsp;&nbsp;161717 |
| Centrally cleared | &nbsp;&nbsp;13000000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;Fixed 3.817% | &nbsp;&nbsp;&nbsp;&nbsp;USD SOFR Compounded OIS<sup>(a)</sup> | &nbsp;&nbsp;Semi-Annual | &nbsp;&nbsp;Quarterly | &nbsp;&nbsp;Dec 2026 | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;19848 | &nbsp;&nbsp;&nbsp;&nbsp;19848 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp;**—** | &nbsp;&nbsp;**$413808** | &nbsp;&nbsp;**$413808** |

---

<sup>(a)</sup> At 7-31-25, the overnight SOFR was 4.390%.

---

| | |
|:---|:---|
| **Derivatives Currency Abbreviations** | **Derivatives Currency Abbreviations** |
| EUR | Euro |
| USD | U.S. Dollar |

---

---

| | |
|:---|:---|
| **Derivatives Abbreviations** | **Derivatives Abbreviations** |
| CITI | Citibank, N.A. |
| MSCS | Morgan Stanley Capital Services LLC |
| OIS | Overnight Index Swap |
| OTC | Over-the-counter |
| SOFR | Secured Overnight Financing Rate |
| TD | The Toronto-Dominion Bank |

---

SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK INVESTORS TRUST \| QUARTERLY REPORT 11

------

Notes to Fund's investments (unaudited)

**Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the fund's valuation designee.**

In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Swaps are generally valued using evaluated prices obtained from an independent pricing vendor. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor.

In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund's investments as of July 31, 2025, by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 7-31-25** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Government and Agency obligations | **$14632941** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $14632941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**164796285** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164796285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20603750** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20603750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateralized mortgage obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**72050** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3712629** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3712629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2922968** | $2922968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11344646** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11344646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$218085269** | **$14267614** | **$203817655** | **—** |
| **Derivatives:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | **$6716** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $6716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swap contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**413808** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(8461)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8461) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* |

---

**Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund's fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Dividends and distributions** | **Dividends and distributions** |  |
| **Affiliate** | **Ending<br> share<br> amount** | **Beginning<br> value** | **Cost of<br> purchases** | **Proceeds<br> from shares<br> sold** | **Realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Income<br> distributions<br> received** | **Capital gain<br> distributions<br> received** | **Ending<br> value** |
| John Hancock Collateral Trust | 1134249 | $9861690 | $82350027 | $(80865483) | $420 | $(2008) | $352044 |  | $11344646 |

---

---

| | |
|:---|:---|
| 12 | \| |

---

------

For additional information on the fund's significant accounting policies and risks, please refer to the fund's most recent semiannual or annual shareholder report and prospectus.

\|<sub>13</sub>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** John Hancock Investors Trust

- **b. Investment Company Act file number:** 811-04173

- **c. CIK number of Registrant:** 0000759828

- **d. LEI of Registrant:** 5493007QBXBOZDX6R464

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

  - **Street Address 1:** 200 Berkeley Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02116

  - **Telephone number:** 617-543-9634

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

- **a. Name of Series:** John Hancock Investors Trust

- **c. LEI of Series:** 5493007QBXBOZDX6R464

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $223590526.37

**Total Liabilities:** $94120670.20

**Net Assets:** $129469856.17

**Delayed Delivery Securities:** $372000.00

**Stand-by Commitments:** $14344.42

**Cash Not Reported:** $60490.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -165.639652000000 | **1-Year:** -4204.967796000000 | **5-Year:** -9870.401298000000 | **10-Year:** -9518.335840000000 | **30-Year:** -4173.209510000000

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

- **3-Month:** -568.471089999999 | **1-Year:** -11744.035831000000 | **5-Year:** -25893.657215000000 | **10-Year:** -6599.185525000000 | **30-Year:** -795.432175000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.75%                | 5.57%                | 1.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $229043.95               | $1566604.44                                |
| Month 2  | $183663.77               | $1614411.38                                |
| Month 3  | $441023.88               | $47540.83                                  |

**Designated Index Information**

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

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Allied Universal Holdco LLC / Allied Universal Finance Corp  | ALLIED UNIVERSAL HOLDCO LLC / SR SECURED 144A 06/30 6.875    | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    940000 | PA      | $962340.04    | 0.74%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                  | ALLIED UNIVERSAL HOLDCO LLC 2021 USD TERM LOAN               | CUSIP: 01957TAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1280556 | PA      | $1282617.80   | 0.99%             | 2028-05-12      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                         | ALPHA GENERATION LLC SR UNSECURED 144A 10/32 6.75            | CUSIP: 02073LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $312113.52    | 0.24%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AltaGas Ltd.                                                 | ALTAGAS LTD JR SUBORDINA 144A 10/54 VAR                      | CUSIP: 021361AD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    640000 | PA      | $644904.32    | 0.50%             | 2054-10-15      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| Altice Financing S.A.                                        | ALTICE FINANCING SA SR SECURED 144A 08/29 5.75               | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $306352.44    | 0.24%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Altice Financing S.A.                                        | ALTICE FINANCING SA SR SECURED 144A 07/27 9.625              | CUSIP: 02154CAJ2<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    940000 | PA      | $860046.72    | 0.66%             | 2027-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                             | ALTICE SA SR SECURED 144A 02/27 8.125                        | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    356000 | PA      | $329913.58    | 0.25%             | 2027-02-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| American Airlines 2016-3 Class B Pass Through Trust          | AMERICAN AIRLINES 2016-3 CLASS PASS THRU CE 04/27 3.75       | CUSIP: 023771S41<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235987 | PA      | $234886.64    | 0.18%             | 2025-10-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners L.P.                                        | BUCKEYE PARTNERS LP SR UNSECURED 144A 07/29 6.875            | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    518000 | PA      | $533226.09    | 0.41%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource Inc.                                    | BUILDERS FIRSTSOURCE INC SR UNSECURED 144A 05/35 6.75        | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    425000 | PA      | $435752.45    | 0.34%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CEC Entertainment LLC                                        | CEC ENTERTAINMENT LLC SR SECURED 144A 05/26 6.75             | CUSIP: 125137AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    830000 | PA      | $823933.95    | 0.64%             | 2026-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                             | CSC HOLDINGS LLC COMPANY GUAR 144A 04/27 5.5                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    575000 | PA      | $556552.91    | 0.43%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FandG Annuities and Life Inc.                                | FandG ANNUITIES and LIFE INC COMPANY GUAR 10/34 6.25         | CUSIP: 30190AAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1273000 | PA      | $1266349.07   | 0.98%             | 2034-10-04      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cinemark USA Inc.                                            | CINEMARK USA INC COMPANY GUAR 144A 08/32 7                   | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    126000 | PA      | $130105.71    | 0.10%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc.                                       | QUIKRETE HOLDINGS INC SR UNSECURED 144A 03/33 6.75           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    224000 | PA      | $229739.84    | 0.18%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Rakuten Group Inc.                                           | RAKUTEN GROUP INC SUBORDINATED 144A 12/99 VAR                | CUSIP: 75102WAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | JP        |    226000 | PA      | $210185.99    | 0.16%             | 2031-04-22      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Rakuten Group Inc.                                           | RAKUTEN GROUP INC SR UNSECURED 144A 02/27 11.25              | CUSIP: 75102WAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | JP        |    580000 | PA      | $628575.33    | 0.49%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Rakuten Group Inc.                                           | RAKUTEN GROUP INC SUBORDINATED 144A 12/99 VAR                | CUSIP: 75102WAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | JP        |    200000 | PA      | $198462.77    | 0.15%             | 2029-12-15      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                               | RAVEN ACQUISITION HOLDINGS LLC SR SECURED 144A 11/31 6.875   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    359000 | PA      | $362599.65    | 0.28%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC SECURED 144A 04/30 7          | ANYWHERE REAL ESTATE GROUP LLC SECURED 144A 04/30 7          | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    297935 | PA      | $285325.62    | 0.22%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC SECURED 144A 04/30 9.75       | ANYWHERE REAL ESTATE GROUP LLC SECURED 144A 04/30 9.75       | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    428000 | PA      | $445719.20    | 0.34%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC / COMPANY GUAR 144A 07/30 8.45   | RESORTS WORLD LAS VEGAS LLC / COMPANY GUAR 144A 07/30 8.45   | CUSIP: 76120HAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $597344.04    | 0.46%             | 2030-07-27      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc.                                        | ROCKET COS INC SR UNSECURED 144A 08/30 6.125                 | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    557000 | PA      | $564771.54    | 0.44%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc.                                        | ROCKET COS INC SR UNSECURED 144A 08/33 6.375                 | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    468000 | PA      | $477352.14    | 0.37%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                   | ROGERS COMMUNICATIONS INC SUBORDINATED 04/55 VAR             | CUSIP: 775109DG3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1081000 | PA      | $1105183.43   | 0.85%             | 2055-04-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| CoreWeave Inc.                                               | COREWEAVE INC COMPANY GUAR 144A 06/30 9.25                   | CUSIP: 21873SAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    294000 | PA      | $295484.97    | 0.23%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CoreWeave Inc.                                               | COREWEAVE INC COMPANY GUAR 144A 02/31 9                      | CUSIP: 21873SAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    206000 | PA      | $205121.69    | 0.16%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Corporation                                | CREDIT ACCEPTANCE CORP COMPANY GUAR 144A 03/30 6.625         | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    356000 | PA      | $360510.52    | 0.28%             | 2030-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                           | CREDIT AGRICOLE SA JR SUBORDINA 144A 12/99 VAR               | CUSIP: 225313AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   1495000 | PA      | $1511699.15   | 1.17%             | 2025-12-23      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corporation                                  | KIOXIA HOLDINGS CORP KIOXIA HOLDINGS CORP                    | CUSIP: 49726JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | JP        |   1114000 | PA      | $1109872.45   | 0.86%             | 2030-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I CYRUS 2023 1A B 144A          | CYRUSONE DATA CENTERS ISSUER I CYRUS 2023 1A B 144A          | CUSIP: 23284BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    728018 | PA      | $707917.13    | 0.55%             | 2048-04-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Dave and Buster's Inc.                                       | DAVE + BUSTERS INC 2024 TERM LOAN B                          | CUSIP: 23833EAX2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1602000 | PA      | $1562959.26   | 1.21%             | 2029-06-29      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP / COMPANY GUAR 144A 06/28 7.125  | DELEK LOGISTICS PARTNERS LP / COMPANY GUAR 144A 06/28 7.125  | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    435000 | PA      | $437112.36    | 0.34%             | 2028-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC / EMC C SR UNSECURED 07/46 8.35       | DELL INTERNATIONAL LLC / EMC C SR UNSECURED 07/46 8.35       | CUSIP: 24703TAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    319000 | PA      | $405689.30    | 0.31%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| SM Energy Company                                            | SM ENERGY CO SR UNSECURED 144A 08/32 7                       | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    656000 | PA      | $649585.17    | 0.50%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sable International Finance Limited                          | SABLE INTERNATIONAL FINANCE LT SR SECURED 144A 10/32 7.125   | CUSIP: 785712AK6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    393000 | PA      | $393014.93    | 0.30%             | 2032-10-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc.                                              | SABRE GLBL INC SR SECURED 144A 06/27 8.625                   | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    227000 | PA      | $230609.30    | 0.18%             | 2027-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital Inc.                                | ZF NORTH AMERICA CAPITAL INC COMPANY GUAR 144A 04/30 7.125   | CUSIP: 98877DAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $484650.10    | 0.37%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital Inc.                                | ZF NORTH AMERICA CAPITAL INC COMPANY GUAR 144A 04/30 6.75    | CUSIP: 98877DAF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    554000 | PA      | $527193.66    | 0.41%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SoftBank Group Corp.                                         | SOFTBANK GROUP CORP SUBORDINATED REGS 12/99 VAR              | CUSIP: AO2625157<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    783000 | PA      | $776115.76    | 0.60%             | 2027-07-19      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| SoftBank Group Corp.                                         | SOFTBANK GROUP CORP SR UNSECURED REGS 09/27 5.125            | CUSIP: AP1047038<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |   1500000 | PA      | $1483150.97   | 1.15%             | 2027-09-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc.                                              | SABRE GLBL INC SR SECURED 144A 11/29 10.75                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    389000 | PA      | $400658.33    | 0.31%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc.                                              | SABRE GLBL INC SR SECURED 144A 07/30 11.125                  | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    612000 | PA      | $645201.00    | 0.50%             | 2030-07-15      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC SR SECURED 144A 12/29 11         | SAKS GLOBAL ENTERPRISES LLC SR SECURED 144A 12/29 11         | CUSIP: 79380MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    559000 | PA      | $125775.00    | 0.10%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Scripps Escrow Inc.                                          | SCRIPPS ESCROW INC COMPANY GUAR 144A 07/27 5.875             | CUSIP: 81104PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $121851.33    | 0.09%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Telephone and Data Systems Inc.                              | TELEPHONE AND DATA SYSTEMS INC PREFERRED STOCK 6             | CUSIP: 879433761<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     17125 | NS      | $315785.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Townsquare Media Inc.                                        | TOWNSQUARE MEDIA INC 2025 TERM LOAN                          | CUSIP: 89223EAG8<br>LEI: 549300XBA8C68H0DR538 | Long             | LON              | CORP              | US        |    673762 | PA      | $599648.63    | 0.46%             | 2030-02-19      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| Full House Resorts Inc.                                      | FULL HOUSE RESORTS INC SR SECURED 144A 02/28 8.25            | CUSIP: 359678AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    666000 | PA      | $644714.44    | 0.50%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| The GEO Group Inc.                                           | GEO GROUP INC/THE COMPANY GUAR 04/31 10.25                   | CUSIP: 36162JAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    993000 | PA      | $1091730.94   | 0.84%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Anticimex Global AB                                          | ANTICIMEX INTERNATIONAL AB 2021 USD TERM LOAN B1             | CUSIP: W8189EAB6<br>LEI: N/A                  | Long             | LON              | CORP              | SE        |    496144 | PA      | $496585.52    | 0.38%             | 2028-11-16      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Camposol S.A.                                                | CAMPOSOL SA COMPANY GUAR REGS 02/27 6                        | CUSIP: ZP7442269<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |   1139000 | PA      | $1122727.45   | 0.87%             | 2027-02-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Watco Finance Corp.                                          | WATCO COS LLC / WATCO FINANCE SR UNSECURED 144A 08/32 7.125  | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |    238000 | PA      | $246914.29    | 0.19%             | 2032-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp                                    | GARDA WORLD SECURITY CORP 2025 TERM LOAN B                   | CUSIP: C4000KAG9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |    838030 | PA      | $836848.06    | 0.65%             | 2029-02-01      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                             | ALTICE FRANCE SA 2023 USD TERM LOAN B14                      | CUSIP: F6628DAN4<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |    651641 | PA      | $605211.28    | 0.47%             | 2028-08-15      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| Trinseo Materials Operating S.C.A.                           | TRINSEO MATERIALS OPERATING 2021 TERM LOAN B2                | CUSIP: L9339LAK9<br>LEI: 549300WNMXD3KV7LO256 | Long             | LON              | CORP              | LU        |    866536 | PA      | $364491.23    | 0.28%             | 2028-05-03      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| Howard Midstream Energy Partners LLC                         | HOWARD MIDSTREAM ENERGY PARTNE SR UNSECURED 144A 07/28 8.875 | CUSIP: 442722AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    511000 | PA      | $532814.59    | 0.41%             | 2028-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Howard Midstream Energy Partners LLC                         | HOWARD MIDSTREAM ENERGY PARTNE SR UNSECURED 144A 07/32 7.375 | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    104000 | PA      | $107527.78    | 0.08%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE PLC / HOWD SR SECURED 144A 02/31 7.25    | HOWDEN UK REFINANCE PLC / HOWD SR SECURED 144A 02/31 7.25    | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    706000 | PA      | $731051.00    | 0.56%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd                                        | HUB INTERNATIONAL LTD SR UNSECURED 144A 01/32 7.375          | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    321000 | PA      | $334240.78    | 0.26%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| IMA Financial Group Inc.                                     | IMA FINANCIAL GROUP INC. TERM LOAN                           | CUSIP: 44966KAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    727331 | PA      | $727513.05    | 0.56%             | 2028-11-01      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Iliad Holding                                                | ILIAD HOLDING SASU SR SECURED 144A 04/32 7                   | CUSIP: 449691AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    246000 | PA      | $252491.62    | 0.20%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications Inc.                                    | IHEARTCOMMUNICATIONS INC SECURED 144A 05/30 10.875           | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    674400 | PA      | $334037.06    | 0.26%             | 2030-05-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                  | CRESCENT ENERGY FINANCE LLC SR UNSECURED 144A 01/34 8.375    | CUSIP: 45344LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1076000 | PA      | $1064976.27   | 0.82%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Inversion Escrow Issuer LLC                                  | INVERSION ESCROW ISSUER LLC SR SECURED 144A 08/32 6.75       | CUSIP: 46150DAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    626000 | PA      | $618589.59    | 0.48%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL/ JBS COMPANY GUAR 04/33 5.75        | JBS USA HOLDING LUX SARL/ JBS COMPANY GUAR 04/33 5.75        | CUSIP: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    610000 | PA      | $625539.43    | 0.48%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| J and J Ventures Gaming LLC                                  | J+J VENTURES GAMING LLC 2025 REPRICED TERM LOAN B            | CUSIP: 46604BAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1587323 | PA      | $1572450.25   | 1.21%             | 2030-04-26      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Jacobs Entertainment Inc.                                    | JACOBS ENTERTAINMENT INC SR UNSECURED 144A 02/29 6.75        | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |    255000 | PA      | $248625.00    | 0.19%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JELD-WEN Inc.                                                | JELD-WEN INC COMPANY GUAR 144A 09/32 7                       | CUSIP: 47580PAA1<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    749000 | PA      | $561944.74    | 0.43%             | 2032-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP / JETBLUE SR SECURED 144A 09/31 9.875   | JETBLUE AIRWAYS CORP / JETBLUE SR SECURED 144A 09/31 9.875   | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1089000 | PA      | $1052899.76   | 0.81%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| June Purchaser LLC                                           | JANNEY MONTGOMERY SCOTT LLC TERM LOAN                        | CUSIP: 48171UAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     85500 | PA      | $85851.41     | 0.07%             | 2031-11-28      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| KB Home                                                      | KB HOME COMPANY GUAR 07/30 7.25                              | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231636.60    | 0.18%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Kestra Advisor Services Holdings A Inc.                      | KESTRA ADVISOR SRVS HOLD A INC 2024 REPRICED TERM LOAN       | CUSIP: 49255BAK0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99500 | PA      | $99541.79     | 0.08%             | 2031-03-22      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Stagwell Global LLC                                          | STAGWELL GLOBAL LLC COMPANY GUAR 144A 08/29 5.625            | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    771000 | PA      | $742100.99    | 0.57%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MVW 2023-1 LLC MVWOT 2023 1A D 144A                          | MVW 2023-1 LLC MVWOT 2023 1A D 144A                          | CUSIP: 62848PAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    362578 | PA      | $369880.04    | 0.29%             | 2040-10-20      | Fixed         | 8.83%                 | No            |                  2 | On Loan: No      |
| NCR Voyix Corporation                                        | NCR VOYIX CORP COMPANY GUAR 144A 04/29 5.125                 | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     44000 | PA      | $43121.05     | 0.03%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp                                    | GARDA WORLD SECURITY CORP SR UNSECURED 144A 08/32 8.25       | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    338000 | PA      | $348497.07    | 0.27%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Diebold Nixdorf Incorporated                                 | DIEBOLD NIXDORF INC SR SECURED 144A 03/30 7.75               | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |     55000 | PA      | $58354.23     | 0.05%             | 2030-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECT SR SECURED 144A 02/31 10      | DIRECTV FINANCING LLC / DIRECT SR SECURED 144A 02/31 10      | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    963000 | PA      | $928694.06    | 0.72%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                         | CLYDESDALE ACQUISITION HOLDING SR SECURED 144A 01/30 6.875   | CUSIP: 18972EAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    780000 | PA      | $797651.40    | 0.62%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ContiMortgage Home Equity Loan Trust 1995-2                  | CONTIMORTGAGE HOME EQUITY LOAN CONHE 1995 2 A5               | CUSIP: 21075WBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14091 | PA      | $9389.84      | 0.01%             | 2025-08-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| Continental Resources Inc.                                   | CONTINENTAL RESOURCES INC/OK COMPANY GUAR 01/28 4.375        | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984680.90    | 0.76%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ContourGlobal Power Holdings S.A.                            | CONTOURGLOBAL POWER HOLDINGS S SR SECURED 144A 02/30 6.75    | CUSIP: 21220LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    617000 | PA      | $632425.00    | 0.49%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOUGHT EUR/SOLD USD                                          | BOUGHT EUR/SOLD USD                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | DE        |         1 | NC      | $-6236.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC POOL FR 09/53 FIXED 6                            | FREDDIE MAC POOL FR 09/53 FIXED 6                            | CUSIP: 3132E0EY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    271690 | PA      | $278518.83    | 0.22%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                              | FANNIE MAE POOL FN 07/55 FIXED 5.5                           | CUSIP: 3140BGAR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4997714 | PA      | $4971459.06   | 3.84%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                              | FANNIE MAE POOL FN 07/53 FIXED VAR                           | CUSIP: 3140XMF84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    246265 | PA      | $246460.02    | 0.19%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Snap Inc.                                                    | SNAP INC COMPANY GUAR 144A 03/33 6.875                       | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    600000 | PA      | $615210.60    | 0.48%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Sotheby's                                                    | SOTHEBY'S SR SECURED 144A 10/27 7.375                        | CUSIP: 835898AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $734884.11    | 0.57%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Block Inc.                                                   | BLOCK INC SR UNSECURED 06/31 3.5                             | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $549874.92    | 0.42%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Stanley Black and Decker Inc.                                | STANLEY BLACK and DECKER INC JR SUBORDINA 03/60 VAR          | CUSIP: 854502AM3<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |   1252000 | PA      | $1218400.45   | 0.94%             | 2060-03-15      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| CRC Insurance Group LLC                                      | TRUIST INSURANCE HOLDINGS LLC 2ND LIEN TERM LOAN             | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    340000 | PA      | $346715.00    | 0.27%             | 2032-05-06      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| X Corporation                                                | TWITTER INC 2025 FIXED TERM LOAN                             | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2209000 | PA      | $2140278.01   | 1.65%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES 2020-1 CLASS B PASS THRU CE 07/27 4.875      | UNITED AIRLINES 2020-1 CLASS B PASS THRU CE 07/27 4.875      | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    561781 | PA      | $560863.76    | 0.43%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Cellular Corporation                           | UNITED STATES CELLULAR CORP PREFERRED STOCK 09/69 6.25       | CUSIP: 911684702<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     34675 | NS      | $885946.25    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP F SR SECURED 144A 02/28 10.5    | UNITI GROUP LP / UNITI GROUP F SR SECURED 144A 02/28 10.5    | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $565430.27    | 0.44%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE SR SECURED 144A 01/31 7        | ALLIANT HOLDINGS INTERMEDIATE SR SECURED 144A 01/31 7        | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    581000 | PA      | $597426.03    | 0.46%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE SR UNSECURED 144A 10/32 7.375  | ALLIANT HOLDINGS INTERMEDIATE SR UNSECURED 144A 10/32 7.375  | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    492000 | PA      | $505764.68    | 0.39%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| The E.W. Scripps Company                                     | EW SCRIPPS CO/THE SR SECURED 144A 08/30 9.875                | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |     83000 | PA      | $82481.35     | 0.06%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Scripps Escrow II Inc.                                       | SCRIPPS ESCROW II INC SR UNSECURED 144A 01/31 5.375          | CUSIP: 81105DAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $287451.69    | 0.22%             | 2031-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.                    | SEAGATE DATA STORAGE TECHNOLOG COMPANY GUAR 144A 12/29 8.25  | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    168000 | PA      | $179068.22    | 0.14%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.                    | SEAGATE DATA STORAGE TECHNOLOG COMPANY GUAR 144A 12/34 5.75  | CUSIP: 81180LAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    939000 | PA      | $882941.70    | 0.68%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOODS INC/SIMMONS PREP SECURED 144A 03/29 4.625      | SIMMONS FOODS INC/SIMMONS PREP SECURED 144A 03/29 4.625      | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    463000 | PA      | $438145.15    | 0.34%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SITIO ROYALTIES OPERATING PART SR UNSECURED 144A 11/28 7.875 | SITIO ROYALTIES OPERATING PART SR UNSECURED 144A 11/28 7.875 | CUSIP: 82983MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    258000 | PA      | $269176.04    | 0.21%             | 2028-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC SUBWAY 2024 1A A2II 144A                  | SUBWAY FUNDING LLC SUBWAY 2024 1A A2II 144A                  | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    297750 | PA      | $302942.70    | 0.23%             | 2054-07-30      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC / WIND SR SECURED 144A 10/31 8.25    | WINDSTREAM SERVICES LLC / WIND SR SECURED 144A 10/31 8.25    | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    413000 | PA      | $432365.57    | 0.33%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DISH Network Corporation                                     | DISH NETWORK CORP SR SECURED 144A 11/27 11.75                | CUSIP: 25470MAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    990000 | PA      | $1031026.59   | 0.80%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                   | AMERICAN AIRLINES INC 2025 TERM LOAN                         | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    800934 | PA      | $796929.14    | 0.62%             | 2028-04-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Anticimex Global AB                                          | ANTICIMEX INTERNATIONAL AB 2024 TERM LOAN B6                 | CUSIP: 03703HAB2<br>LEI: N/A                  | Long             | LON              | CORP              | SE        |    204967 | PA      | $205266.73    | 0.16%             | 2028-11-16      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Arches Buyer Inc.                                            | ARCHES BUYER INC SR UNSECURED 144A 12/28 6.125               | CUSIP: 039524AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $295857.27    | 0.23%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AMC Entertainment Holdings Inc.                              | AMC ENTERTAINMENT HOLDINGS INC SR SECURED 144A 02/29 7.5     | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    245000 | PA      | $208742.45    | 0.16%             | 2029-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AMN Healthcare Inc.                                          | AMN HEALTHCARE INC COMPANY GUAR 144A 04/29 4                 | CUSIP: 00175PAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    529000 | PA      | $485861.95    | 0.38%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                             | ALTICE SA SR SECURED 144A 10/29 5.5                          | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    625000 | PA      | $541976.42    | 0.42%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Altice France Holding S.A.                                   | ALTICE FRANCE HOLDING SA SR SECURED 144A 05/27 10.5          | CUSIP: 02156TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    600000 | PA      | $219750.00    | 0.17%             | 2027-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amentum Holdings Inc.                                        | AMENTUM HOLDINGS INC COMPANY GUAR 144A 08/32 7.25            | CUSIP: 02352BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    152000 | PA      | $157239.74    | 0.12%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Macy's Retail Holdings LLC                                   | MACY'S RETAIL HOLDINGS LLC COMPANY GUAR 144A 03/30 5.875     | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $222145.72    | 0.17%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Macy's Retail Holdings LLC                                   | MACY'S RETAIL HOLDINGS LLC COMPANY GUAR 144A 08/33 7.375     | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    449000 | PA      | $450710.31    | 0.35%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| The Michaels Companies Inc.                                  | MICHAELS COS INC/THE SR UNSECURED 144A 05/29 7.875           | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    731000 | PA      | $484852.72    | 0.37%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Magnera Corporation                                          | MAGNERA CORP SR SECURED 144A 11/31 7.25                      | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    793000 | PA      | $746411.25    | 0.58%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Mamba Purchaser Inc.                                         | MDVIP INC 2024 REPRICED TERM LOAN B                          | CUSIP: 56150KAG0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    901248 | PA      | $901473.53    | 0.70%             | 2028-10-16      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Amynta Agency Borrower Inc.                                  | AMYNTA AGENCY BORROWER INC 2024 1ST LIEN TERM LOAN B         | CUSIP: 57810JAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    657695 | PA      | $657859.42    | 0.51%             | 2031-12-29      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| MITER BRANDS ACQUISITION HOLDC SR SECURED 144A 04/32 6.75    | MITER BRANDS ACQUISITION HOLDC SR SECURED 144A 04/32 6.75    | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    258000 | PA      | $263414.13    | 0.20%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEIGHBORLY ISSUER 2023-1 NBLY 2023 1A A2 144A                | NEIGHBORLY ISSUER 2023-1 NBLY 2023 1A A2 144A                | CUSIP: 64016NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1197438 | PA      | $1218111.02   | 0.94%             | 2053-01-30      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                           | NEWELL BRANDS INC SR UNSECURED 09/27 6.375                   | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1242000 | PA      | $1251718.84   | 0.97%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc.                         | NEXTERA ENERGY CAPITAL HOLDING COMPANY GUAR 08/55 VAR        | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2056000 | PA      | $2109395.68   | 1.63%             | 2055-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co. Ltd.                                        | NISSAN MOTOR CO LTD SR UNSECURED 144A 07/30 7.5              | CUSIP: 654922AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | JP        |    518000 | PA      | $534416.42    | 0.41%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                    | TORONTO-DOMINION BANK/THE JR SUBORDINA 07/84 VAR             | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1054000 | PA      | $1092798.79   | 0.84%             | 2084-07-31      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                    | TORONTO-DOMINION BANK/THE JR SUBORDINA 10/82 VAR             | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2100000 | PA      | $2213584.80   | 1.71%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| TransMontaigne Partners LLC                                  | TRANSMONTAIGNE PARTNERS LLC COMPANY GUAR 144A 06/30 8.5      | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    237000 | PA      | $247745.11    | 0.19%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TriNet Group Inc.                                            | TRINET GROUP INC SR UNSECURED 144A 08/31 7.125               | CUSIP: 896288AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    648000 | PA      | $666821.81    | 0.52%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                       | XHR LP COMPANY GUAR 144A 05/30 6.625                         | CUSIP: 98372MAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    439000 | PA      | $446189.50    | 0.34%             | 2030-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Xerox Corporation                                            | XEROX HOLDINGS CORP 2023 TERM LOAN B                         | CUSIP: 98415LAY2<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | LON              | CORP              | US        |    440986 | PA      | $413058.21    | 0.32%             | 2029-11-17      | Floating      | 8.27%                 | No            |                  2 | On Loan: No      |
| Xerox Holdings Corporation                                   | XEROX HOLDINGS CORP COMPANY GUAR 144A 08/28 5.5              | CUSIP: 98421MAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    363000 | PA      | $240088.20    | 0.19%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital Inc.                                | ZF NORTH AMERICA CAPITAL INC COMPANY GUAR 144A 04/28 6.875   | CUSIP: 98877DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    586000 | PA      | $584919.36    | 0.45%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                | UNIVISION COMMUNICATIONS INC SR SECURED 144A 07/31 8.5       | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    850000 | PA      | $863234.50    | 0.67%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                | UNIVISION COMMUNICATIONS INC SR SECURED 144A 08/32 9.375     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    223000 | PA      | $231385.00    | 0.18%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP / COMPANY GUAR 09/27 6.875       | USA COMPRESSION PARTNERS LP / COMPANY GUAR 09/27 6.875       | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1043000 | PA      | $1042748.85   | 0.81%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VT Topco Inc.                                                | VT TOPCO INC SR SECURED 144A 08/30 8.5                       | CUSIP: 91838PAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    711000 | PA      | $757027.30    | 0.58%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Varex Imaging Corporation                                    | VAREX IMAGING CORP SR SECURED 144A 10/27 7.875               | CUSIP: 92214XAC0<br>LEI: 549300CWYWPVCT8E9W67 | Long             | DBT              | CORP              | US        |    897000 | PA      | $910062.11    | 0.70%             | 2027-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                           | VENTURE GLOBAL PLAQUEMINES LNG SR SECURED 144A 05/33 7.5     | CUSIP: 922966AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1052000 | PA      | $1136100.61   | 0.88%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                           | VENTURE GLOBAL PLAQUEMINES LNG SR SECURED 144A 01/34 6.5     | CUSIP: 922966AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    258000 | PA      | $265417.77    | 0.21%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                      | VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5             | CUSIP: 92332YAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1457000 | PA      | $1588973.60   | 1.23%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                      | VENTURE GLOBAL LNG INC SR SECURED 144A 01/30 7               | CUSIP: 92332YAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    612000 | PA      | $620577.18    | 0.48%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                      | VENTURE GLOBAL LNG INC JR SUBORDINA 144A 12/99 VAR           | CUSIP: 92332YAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2321000 | PA      | $2321591.86   | 1.79%             | 2029-09-30      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| Virtusa Corporation                                          | VIRTUSA CORP SR UNSECURED 144A 12/28 7.125                   | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |    639000 | PA      | $610493.93    | 0.47%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Cars.com Inc.                                                | CARS.COM INC COMPANY GUAR 144A 11/28 6.375                   | CUSIP: 14575EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    414000 | PA      | $413141.12    | 0.32%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                     | CELANESE US HOLDINGS LLC COMPANY GUAR 11/30 7.05             | CUSIP: 15089QAX2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217000 | PA      | $225989.19    | 0.17%             | 2030-11-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc.                                          | CENOVUS ENERGY INC SR UNSECURED 11/39 6.75                   | CUSIP: 15135UAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    115000 | PA      | $122909.62    | 0.09%             | 2039-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp                                    | GARDA WORLD SECURITY CORP SR UNSECURED 144A 11/32 8.375      | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    243000 | PA      | $250309.68    | 0.19%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                       | GENERAL MOTORS CO SR UNSECURED 04/46 6.75                    | CUSIP: 37045VAL4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1563579.42   | 1.21%             | 2046-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NMI Holdings Inc.                                            | NMI HOLDINGS INC SR UNSECURED 08/29 6                        | CUSIP: 629209AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    649000 | PA      | $661946.90    | 0.51%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc.                                              | NRG ENERGY INC JR SUBORDINA 144A 12/99 VAR                   | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    507000 | PA      | $558063.15    | 0.43%             | 2028-03-15      | Variable      | 10.25%                | No            |                  2 | On Loan: No      |
| athenahealth Group Inc.                                      | ATHENAHEALTH INC 2022 TERM LOAN B                            | CUSIP: 04686RAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    334162 | PA      | $333671.28    | 0.26%             | 2029-02-15      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                                  | BNP PARIBAS SA JR SUBORDINA 144A 12/99 VAR                   | CUSIP: 05602XDJ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    692000 | PA      | $740419.24    | 0.57%             | 2031-08-22      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSURANCE GROUP HOLDIN SR SECURED 144A 05/31 7.125   | BALDWIN INSURANCE GROUP HOLDIN SR SECURED 144A 05/31 7.125   | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $325226.48    | 0.25%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                  | BANK OF AMERICA CORP JR SUBORDINA 12/99 VAR                  | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2521695.00   | 1.95%             | 2027-04-27      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                             | BANK OF MONTREAL JR SUBORDINA 05/84 VAR                      | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2156000 | PA      | $2255508.02   | 1.74%             | 2084-05-26      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| The Bank of Nova Scotia                                      | BANK OF NOVA SCOTIA/THE JR SUBORDINA 10/82 VAR               | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2124244.00   | 1.64%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                 | BARCLAYS PLC JR SUBORDINA 12/99 8                            | CUSIP: 06738EBX2<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2200000 | PA      | $2331652.40   | 1.80%             | 2029-03-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                  | BEACH ACQUISITION BIDCO LLC BEACH ACQUISITION BIDCO          | CUSIP: 07337JAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    344000 | PA      | $358645.73    | 0.28%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Blackstone Mortgage Trust Inc.                               | BLACKSTONE MORTGAGE TRUST INC SR SECURED 144A 12/29 7.75     | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    645000 | PA      | $681821.12    | 0.53%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Braskem Idesa S.A.P.I.                                       | BRASKEM IDESA SAPI SR SECURED 144A 02/32 6.99                | CUSIP: 10554NAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    340000 | PA      | $228308.47    | 0.18%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                           | NEWELL BRANDS INC SR UNSECURED 144A 06/28 8.5                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    171000 | PA      | $179186.37    | 0.14%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc.                                       | LEVEL 3 FINANCING INC SR SECURED 144A 06/33 6.875            | CUSIP: 527298CM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1273000 | PA      | $1290000.18   | 1.00%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Liberty Interactive LLC                                      | LIBERTY INTERACTIVE LLC SR UNSECURED 02/30 8.25              | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $199549.00    | 0.15%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC SR SECURED 144A 02/32 8.75             | LONG RIDGE ENERGY LLC SR SECURED 144A 02/32 8.75             | CUSIP: 54288CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    645000 | PA      | $668877.41    | 0.52%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Auto Ahorro Automotriz S.A. de C.V.                          | MPT OPERATING PARTNERSHIP LP / SR SECURED 144A 02/32 8.5     | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    144000 | PA      | $149674.32    | 0.12%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MVW 2022-1 LLC                                               | MVW 2022-1 LLC MVWOT 2022 1A D 144A                          | CUSIP: 55400UAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    341831 | PA      | $335616.23    | 0.26%             | 2039-11-21      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                                    | WARNERMEDIA HOLDINGS INC COMPANY GUAR 03/32 4.279            | CUSIP: 55903VBQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1066469.80   | 0.82%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Global Aviation Holdings Inc.                                | GLOBAL AVIATION HLDGS INC COMMON STOCK                       | CUSIP: 37953C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82159 | NS      | $0.08         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GLOBAL PARTNERS LP / GLP FINAN COMPANY GUAR 144A 07/33 7.125 | GLOBAL PARTNERS LP / GLP FINAN COMPANY GUAR 144A 07/33 7.125 | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    228000 | PA      | $231535.37    | 0.18%             | 2033-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Global Atlantic (Fin) Company                                | GLOBAL ATLANTIC FIN CO COMPANY GUAR 144A 10/54 VAR           | CUSIP: 37959GAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    516000 | PA      | $539222.58    | 0.42%             | 2054-10-15      | Variable      | 7.95%                 | No            |                  2 | On Loan: No      |
| goeasy Ltd.                                                  | GOEASY LTD SR UNSECURED 144A 10/30 7.375                     | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    743000 | PA      | $757573.20    | 0.59%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| The Goodyear Tire and Rubber Company                         | GOODYEAR TIRE and RUBBER CO/THE COMPANY GUAR 04/31 5.25      | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    505000 | PA      | $479595.62    | 0.37%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| The Goodyear Tire and Rubber Company                         | GOODYEAR TIRE and RUBBER CO/THE COMPANY GUAR 07/29 5         | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    289000 | PA      | $280362.14    | 0.22%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                     | GOVERNMENT NATIONAL MORTGAGE A GNR 2012 114 IO               | CUSIP: 38378BE47<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    363626 | PA      | $5649.03      | 0.00%             | 2053-01-16      | Variable      | 0.63%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                              | GRAY MEDIA INC COMPANY GUAR 144A 10/30 4.75                  | CUSIP: 389375AL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     97000 | PA      | $72386.25     | 0.06%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                              | GRAY MEDIA INC SR SECURED 144A 07/29 10.5                    | CUSIP: 389375AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    209000 | PA      | $226179.68    | 0.17%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                              | GRAY MEDIA INC SR SECURED 144A 08/33 7.25                    | CUSIP: 389375AP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $208895.52    | 0.16%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Greystar Real Estate Partners LLC                            | GREYSTAR REAL ESTATE PARTNERS SR SECURED 144A 09/30 7.75     | CUSIP: 39807UAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    609000 | PA      | $643831.76    | 0.50%             | 2030-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BOUGHT EUR/SOLD USD                                          | BOUGHT EUR/SOLD USD                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | DE        |         1 | NC      | $-2224.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Froneri Lux Finco S.a r.l.                                   | FRONERI LUX FINCO SARL SR SECURED 144A 08/32 6               | CUSIP: 35901MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   2107000 | PA      | $2098291.31   | 1.62%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP / GENESIS EN COMPANY GUAR 01/29 8.25       | GENESIS ENERGY LP / GENESIS EN COMPANY GUAR 01/29 8.25       | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    894000 | PA      | $932441.11    | 0.72%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP / GENESIS EN COMPANY GUAR 05/33 8          | GENESIS ENERGY LP / GENESIS EN COMPANY GUAR 05/33 8          | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    527000 | PA      | $546370.94    | 0.42%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Champion Iron Canada Inc.                                    | CHAMPION IRON CANADA INC COMPANY GUAR 144A 07/32 7.875       | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    169000 | PA      | $172608.34    | 0.13%             | 2032-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Choice Hotels International Inc.                             | CHOICE HOTELS INTERNATIONAL IN SR UNSECURED 08/34 5.85       | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   1101000 | PA      | $1109136.35   | 0.86%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                             | CSC HOLDINGS LLC COMPANY GUAR 144A 01/29 11.75               | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    708000 | PA      | $662255.43    | 0.51%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CVS Health Corporation                                       | CVS HEALTH CORP JR SUBORDINA 03/55 VAR                       | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    847000 | PA      | $871427.48    | 0.67%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| CandW Senior Finance Limited                                 | CandW SENIOR FINANCE LTD COMPANY GUAR 144A 01/33 9           | CUSIP: 12665MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    590000 | PA      | $608221.56    | 0.47%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Cable One Inc.                                               | CABLE ONE INC 2021 TERM LOAN B4                              | CUSIP: 12685LAG5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    659845 | PA      | $634770.85    | 0.49%             | 2028-05-03      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Civitas Resources Inc.                                       | CIVITAS RESOURCES INC COMPANY GUAR 144A 07/31 8.75           | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    690000 | PA      | $698513.70    | 0.54%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Civitas Resources Inc.                                       | CIVITAS RESOURCES INC COMPANY GUAR 144A 06/33 9.625          | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    424000 | PA      | $436117.53    | 0.34%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Cimpress Public Limited Company                              | CIMPRESS PLC COMPANY GUAR 144A 09/32 7.375                   | CUSIP: 17186HAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    433000 | PA      | $423249.10    | 0.33%             | 2032-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO IRREVOCABLE DE ADM SR SECURED 144A 09/31 11      | FIDEICOMISO IRREVOCABLE DE ADM SR SECURED 144A 09/31 11      | CUSIP: 171928AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    202000 | PA      | $153267.50    | 0.12%             | 2030-09-12      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                         | CLYDESDALE ACQUISITION HOLDING SR SECURED 144A 04/32 6.75    | CUSIP: 18972EAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $358508.50    | 0.28%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Comerica Incorporated                                        | COMERICA INC SR UNSECURED 01/30 VAR                          | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    648000 | PA      | $666309.88    | 0.51%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL / CONNECT U SR SECURED 144A 09/29 9       | CONNECT FINCO SARL / CONNECT U SR SECURED 144A 09/29 9       | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    245000 | PA      | $247403.70    | 0.19%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Consensus Cloud Solutions Inc.                               | CONSENSUS CLOUD SOLUTIONS INC COMPANY GUAR 144A 10/28 6.5    | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $596688.30    | 0.46%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.                          | CLEAR CHANNEL OUTDOOR HOLDINGS SR SECURED 144A 02/31 7.125   | CUSIP: 18453HAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    209000 | PA      | $208711.48    | 0.16%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                    | CLOUD SOFTWARE GROUP INC SECURED 144A 09/29 9                | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1603000 | PA      | $1658882.18   | 1.28%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                         | CLYDESDALE ACQUISITION HOLDING COMPANY GUAR 144A 04/30 8.75  | CUSIP: 18972EAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $255144.44    | 0.20%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Diversified Healthcare Trust                                 | DIVERSIFIED HEALTHCARE TRUST SR SECURED 144A 01/26 0.00000   | CUSIP: 25525PAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    501000 | PA      | $487227.81    | 0.38%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EchoStar Corporation                                         | ECHOSTAR CORP SR SECURED 11/29 10.75                         | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    441000 | PA      | $464703.75    | 0.36%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| The Edelman Financial Engines Center LLC                     | EDELMAN FINANCIAL CENTER LLC 2024 2ND LIEN TERM LOAN         | CUSIP: 27943TAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    912000 | PA      | $915420.00    | 0.71%             | 2028-10-06      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| Enact Holdings Inc.                                          | ENACT HOLDINGS INC SR UNSECURED 05/29 6.25                   | CUSIP: 29249EAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1068000 | PA      | $1103465.50   | 0.85%             | 2029-05-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                | ENBRIDGE INC SUBORDINATED 01/83 VAR                          | CUSIP: 29250NBP9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    801000 | PA      | $850214.24    | 0.66%             | 2083-01-15      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                | ENBRIDGE INC SUBORDINATED 01/84 VAR                          | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1369000 | PA      | $1541856.79   | 1.19%             | 2084-01-15      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                           | ENERGY TRANSFER LP JR SUBORDINA 12/99 VAR                    | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2067000 | PA      | $2116264.88   | 1.63%             | 2030-05-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Endo Finance Holdings Inc.                                   | ENDO FINANCE HOLDINGS INC SR SECURED 144A 04/31 8.5          | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    835000 | PA      | $888299.72    | 0.69%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Excelerate Energy Limited Partnership                        | EXCELERATE ENERGY LP SR UNSECURED 144A 05/30 8               | CUSIP: 30069UAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    574000 | PA      | $600893.05    | 0.46%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC POOL FR 07/53 FIXED 5.5                          | FREDDIE MAC POOL FR 07/53 FIXED 5.5                          | CUSIP: 3132DQUC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    297763 | PA      | $297985.29    | 0.23%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                 | FREEDOM MORTGAGE CORP SR UNSECURED 144A 10/30 12.25          | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    576000 | PA      | $637139.52    | 0.49%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                | FREEDOM MORTGAGE HOLDINGS LLC SR UNSECURED 144A 04/32 8.375  | CUSIP: 35641AAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    336000 | PA      | $343652.40    | 0.27%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. / GLP Financing II Inc.                     | GLP CAPITAL LP / GLP FINANCING COMPANY GUAR 04/26 5.375      | CUSIP: 361841AH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2315673.67   | 1.79%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Frontier Florida LLC                                         | FRONTIER FLORIDA LLC SR UNSECURED 02/28 6.86                 | CUSIP: 362333AH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $728527.73    | 0.56%             | 2028-02-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Trivium Packaging Finance B.V.                               | TRIVIUM PACKAGING FINANCE BV SR SECURED 144A 07/30 8.25      | CUSIP: 89686QAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    200000 | PA      | $210607.99    | 0.16%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corporation                                 | TRUIST FINANCIAL CORP SR UNSECURED 01/35 VAR                 | CUSIP: 89788MAS1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    413000 | PA      | $427337.96    | 0.33%             | 2035-01-24      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Vistra Corp.                                                 | VISTRA CORP JR SUBORDINA 144A 12/99 VAR                      | CUSIP: 92840MAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    413000 | PA      | $447600.31    | 0.35%             | 2029-01-15      | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| Vornado Realty Trust                                         | VORNADO REALTY TRUST PREFERRED STOCK 5.4                     | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     13300 | NS      | $239267.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc.                                | WALGREENS BOOTS ALLIANCE INC SR UNSECURED 08/29 8.125        | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    648000 | PA      | $695581.34    | 0.54%             | 2029-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Walker and Dunlop Inc.                                       | WALKER and DUNLOP INC COMPANY GUAR 144A 04/33 6.625          | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    306000 | PA      | $311976.18    | 0.24%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Wand NewCo 3 Inc.                                            | WAND NEWCO 3 INC SR SECURED 144A 01/32 7.625                 | CUSIP: 933940AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    428000 | PA      | $449387.59    | 0.35%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC AND SR UNSECURED 144A 07/33 7.5   | AMYNTA AGENCY BORROWER INC AND SR UNSECURED 144A 07/33 7.5   | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     74000 | PA      | $74217.11     | 0.06%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Arches Buyer Inc.                                            | ARCHES BUYER INC 2021 TERM LOAN B                            | CUSIP: 03952HAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    685760 | PA      | $684634.89    | 0.53%             | 2027-12-06      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP / ARCHROC COMPANY GUAR 144A 04/28 6.25  | ARCHROCK PARTNERS LP / ARCHROC COMPANY GUAR 144A 04/28 6.25  | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $214987.75    | 0.17%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP / ARCHROC COMPANY GUAR 144A 09/32 6.625 | ARCHROCK PARTNERS LP / ARCHROC COMPANY GUAR 144A 09/32 6.625 | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $679933.42    | 0.53%             | 2032-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARDAGH PACKAGING FINANCE PLC / SR SECURED 144A 08/26 4.125   | ARDAGH PACKAGING FINANCE PLC / SR SECURED 144A 08/26 4.125   | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1180000 | PA      | $1165250.00   | 0.90%             | 2026-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Aretec Group Inc.                                            | ARETEC GROUP INC 2024 1ST LIEN TERM LOAN B                   | CUSIP: 04009DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99500 | PA      | $99672.14     | 0.08%             | 2030-08-09      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                   | ARES STRATEGIC INCOME FUND SR UNSECURED 02/30 5.6            | CUSIP: 04020EAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1992808.04   | 1.54%             | 2030-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Ashland Inc.                                                 | ASHLAND INC SR UNSECURED 05/43 6.875                         | CUSIP: 044209AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    845000 | PA      | $871796.64    | 0.67%             | 2043-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd.                                          | ATHENE HOLDING LTD PREFERRED STOCK 03/64 VAR                 | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     36025 | NS      | $907109.50    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd.                                          | ATHENE HOLDING LTD JR SUBORDINA 10/54 VAR                    | CUSIP: 04686JAJ0<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984243.20    | 0.76%             | 2054-10-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd.                                          | ATHENE HOLDING LTD JR SUBORDINA 06/55 VAR                    | CUSIP: 04686JAM3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1974460.00   | 1.53%             | 2055-06-28      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Kohl's Corporation                                           | KOHL'S CORP SR UNSECURED 05/31 5.125                         | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    287000 | PA      | $206743.70    | 0.16%             | 2031-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Kohl's Corporation                                           | KOHL'S CORP SR SECURED 144A 06/30 10                         | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    573000 | PA      | $595129.83    | 0.46%             | 2030-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Lcpr Senior Secured Financing Designated Activity Company    | LCPR SENIOR SECURED FINANCING SR SECURED 144A 10/27 6.75     | CUSIP: 50201DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    845000 | PA      | $648537.50    | 0.50%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc.                                       | LEVEL 3 FINANCING INC SR SECURED 144A 11/29 11               | CUSIP: 527298BV4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    163840 | PA      | $185757.69    | 0.14%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Nordstrom Inc.                                               | NORDSTROM INC SR UNSECURED 01/44 5                           | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    900000 | PA      | $605250.00    | 0.47%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc.                                               | NORDSTROM INC SR UNSECURED 08/31 4.25                        | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    500000 | PA      | $433235.90    | 0.33%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Brundage-Bone Concrete Pumping Holdings Inc.                 | BRUNDAGE-BONE CONCRETE PUMPING SR SECURED 144A 02/32 7.5     | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    644000 | PA      | $641044.49    | 0.50%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Novelis Corporation                                          | NOVELIS CORP COMPANY GUAR 144A 01/30 4.75                    | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    610000 | PA      | $584322.54    | 0.45%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corporation                             | OCCIDENTAL PETROLEUM CORP SR UNSECURED 09/30 6.625           | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    340000 | PA      | $358897.62    | 0.28%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Bapco Energies B.S.C. Closed                                 | BAPCO ENERGIES BSC CLOSED SR UNSECURED 144A 10/27 7.5        | CUSIP: 67778M2A7<br>LEI: N/A                  | Long             | DBT              | CORP              | BH        |   1155000 | PA      | $1186548.83   | 0.92%             | 2027-10-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corporation                                  | ONEMAIN FINANCE CORP COMPANY GUAR 03/30 7.875                | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1052662.00   | 0.81%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corporation                                  | ONEMAIN FINANCE CORP COMPANY GUAR 03/32 6.75                 | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    218000 | PA      | $221202.64    | 0.17%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Permian Resources Operating LLC                              | PERMIAN RESOURCES OPERATING LL COMPANY GUAR 144A 01/32 7     | CUSIP: 71424VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    590000 | PA      | $609245.21    | 0.47%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                          | PETROLEOS MEXICANOS COMPANY GUAR 02/32 6.7                   | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    632000 | PA      | $602421.39    | 0.47%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISSUER LLC/PHH CORP SR UNSECURED 144A 11/29 9.875 | PHH ESCROW ISSUER LLC/PHH CORP SR UNSECURED 144A 11/29 9.875 | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    241000 | PA      | $241443.20    | 0.19%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp.                                       | PLAYTIKA HOLDING CORP. 2021 TERM LOAN                        | CUSIP: 72814CAF5<br>LEI: N/A                  | Long             | LON              | CORP              | IL        |   1500000 | PA      | $1486020.00   | 1.15%             | 2028-03-13      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp.                                       | PLAYTIKA HOLDING CORP COMPANY GUAR 144A 03/29 4.25           | CUSIP: 72815LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | IL        |    939000 | PA      | $858611.36    | 0.66%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Popular Inc.                                                 | POPULAR INC SR UNSECURED 03/28 7.25                          | CUSIP: 733174AL0<br>LEI: N/A                  | Long             | DBT              | CORP              | PR        |    770000 | PA      | $805272.57    | 0.62%             | 2028-03-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc.                                    | PRUDENTIAL FINANCIAL INC JR SUBORDINA 10/50 VAR              | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1917178.83   | 1.48%             | 2050-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                  | WAYFAIR LLC SR SECURED 144A 10/29 7.25                       | CUSIP: 94419NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $173989.94    | 0.13%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                  | WAYFAIR LLC SR SECURED 144A 09/30 7.75                       | CUSIP: 94419NAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    776000 | PA      | $795318.31    | 0.61%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| QVC Inc.                                                     | QVC INC SR SECURED 03/43 5.95                                | CUSIP: 747262AM5<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $415000.00    | 0.32%             | 2043-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| QVC Inc.                                                     | QVC INC SR SECURED 144A 04/29 6.875                          | CUSIP: 747262BA0<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    528000 | PA      | $237257.22    | 0.18%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc.                                       | QUIKRETE HOLDINGS INC SR SECURED 144A 03/32 6.375            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164095.20    | 0.13%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RFNA LP                                                      | RFNA LP SR UNSECURED 144A 02/30 7.875                        | CUSIP: 74984AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257000 | PA      | $261044.64    | 0.20%             | 2030-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HLF FINANCING SARL LLC / HERBA SR SECURED 144A 04/29 12.25   | HLF FINANCING SARL LLC / HERBA SR SECURED 144A 04/29 12.25   | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $222158.89    | 0.17%             | 2029-04-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| HCA Inc.                                                     | HCA INC COMPANY GUAR 06/47 5.5                               | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1628596.48   | 1.26%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC HOLDINGS PLC JR SUBORDINA 12/99 VAR                     | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2200000 | PA      | $2200193.60   | 1.70%             | 2027-05-22      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC HOLDINGS PLC JR SUBORDINA 12/99 VAR                     | CUSIP: 404280EH8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1111000 | PA      | $1145053.26   | 0.88%             | 2029-09-11      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust 2007-3                        | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2007 3 ES 144A          | CUSIP: 41164UAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1305278 | PA      | $20607.47     | 0.02%             | 2037-05-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust 2007-4                        | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2007 4 ES               | CUSIP: 41164YAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1353528 | PA      | $21373.97     | 0.02%             | 2037-07-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust 2007-6                        | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2007 6 ES 144A          | CUSIP: 41165BAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1483085 | PA      | $24419.73     | 0.02%             | 2037-08-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SBL Holdings LLC                                             | SBL HOLDINGS INC SR UNSECURED 144A 02/31 5                   | CUSIP: 78397DAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    587000 | PA      | $539570.71    | 0.42%             | 2031-02-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA HOLDING SR SECURED 144A 11/26 5.375   | SCIL IV LLC / SCIL USA HOLDING SR SECURED 144A 11/26 5.375   | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $308283.90    | 0.24%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Acadia Healthcare Company Inc.                               | ACADIA HEALTHCARE CO INC SR UNSECURED 144A 03/33 7.375       | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    658000 | PA      | $677474.83    | 0.52%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / ACRISURE FINANC SR SECURED 144A 11/30 7.5     | ACRISURE LLC / ACRISURE FINANC SR SECURED 144A 11/30 7.5     | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    773000 | PA      | $798570.07    | 0.62%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / ACRISURE FINANC SR UNSECURED 144A 06/29 8.5   | ACRISURE LLC / ACRISURE FINANC SR UNSECURED 144A 06/29 8.5   | CUSIP: 00489LAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    461000 | PA      | $480893.99    | 0.37%             | 2029-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AdaptHealth LLC                                              | ADAPTHEALTH LLC COMPANY GUAR 144A 08/29 4.625                | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $421670.07    | 0.33%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings Inc.                                          | ADVISOR GROUP INC 2024 TERM LOAN B                           | CUSIP: 00775KAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    883325 | PA      | $883598.83    | 0.68%             | 2028-08-17      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings Inc.                                          | OSAIC HOLDINGS INC SR SECURED 144A 08/32 6.75                | CUSIP: 00791GAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    149000 | PA      | $150797.12    | 0.12%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings Inc.                                          | OSAIC HOLDINGS INC COMPANY GUAR 144A 08/33 8                 | CUSIP: 00791GAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     42000 | PA      | $42680.76     | 0.03%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Affinity Interactive                                         | AFFINITY INTERACTIVE SR SECURED 144A 12/27 6.875             | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    753000 | PA      | $414918.06    | 0.32%             | 2027-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1 SARL / AGGR SR SECURED 144A 05/30 7       | ALBION FINANCING 1 SARL / AGGR SR SECURED 144A 05/30 7       | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    465000 | PA      | $478617.99    | 0.37%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Algonquin Power and Utilities Corp.                          | ALGONQUIN POWER and UTILITIES CO PREFERRED STOCK 07/79 VAR   | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |     22000 | NS      | $574860.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE SR SECURED 144A 04/28 6.75     | ALLIANT HOLDINGS INTERMEDIATE SR SECURED 144A 04/28 6.75     | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    616000 | PA      | $624331.40    | 0.48%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOLD EUR/BOUGHT USD                                          | SOLD EUR/BOUGHT USD                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | DE        |         1 | NC      | $6716.07      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OneMain Finance Corporation                                  | ONEMAIN FINANCE CORP COMPANY GUAR 05/30 6.125                | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    372000 | PA      | $372624.96    | 0.29%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corporation                                  | ONEMAIN FINANCE CORP COMPANY GUAR 01/29 9                    | CUSIP: 682695AA9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    444000 | PA      | $465892.75    | 0.36%             | 2029-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                      | ONEDIGITAL BORROWER LLC 2025 REPRICED TERM LOAN              | CUSIP: 68277FAN9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    596736 | PA      | $596735.55    | 0.46%             | 2031-07-02      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| OneSky Flight LLC                                            | ONESKY FLIGHT LLC SR UNSECURED 144A 12/29 8.875              | CUSIP: 68278CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    177000 | PA      | $186477.82    | 0.14%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| 1261229 B.C. Ltd.                                            | 1261229 BC LTD SR SECURED 144A 04/32 10                      | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1541000 | PA      | $1568874.96   | 1.21%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Owens-Brockway Glass Container Inc.                          | OWENS-BROCKWAY GLASS CONTAINER COMPANY GUAR 144A 05/31 7.25  | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1112360.70   | 0.86%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PGandE Corporation                                           | PGandE CORP JR SUBORDINA 03/55 VAR                           | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    427000 | PA      | $412047.50    | 0.32%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Pagaya US Holding Company LLC                                | PAGAYA US HOLDINGS CO LLC COMPANY GUAR 144A 08/30 8.875      | CUSIP: 69549FAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198694.30    | 0.15%             | 2030-08-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Panther Escrow Issuer LLC                                    | PANTHER ESCROW ISSUER LLC SR SECURED 144A 06/31 7.125        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $780743.54    | 0.60%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PennyMac Financial Services Inc.                             | PENNYMAC FINANCIAL SERVICES IN COMPANY GUAR 144A 02/33 6.875 | CUSIP: 70932MAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    382000 | PA      | $389338.60    | 0.30%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PennyMac Financial Services Inc.                             | PENNYMAC FINANCIAL SERVICES IN COMPANY GUAR 144A 05/32 6.875 | CUSIP: 70932MAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $361689.62    | 0.28%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc.                                           | HERC HOLDINGS INC SR UNSECURED 144A 06/30 7                  | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    438000 | PA      | $451855.69    | 0.35%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Hightower Holding LLC                                        | HIGHTOWER HOLDINGS LLC 2025 TERM LOAN B                      | CUSIP: 43117LAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    498747 | PA      | $498746.87    | 0.39%             | 2032-02-03      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I L.P.                                        | HILCORP ENERGY I LP / HILCORP SR UNSECURED 144A 02/29 5.75   | CUSIP: 431318AU8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    468000 | PA      | $459709.61    | 0.36%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC                          | HILTON GRAND VACATIONS BORROWE SR SECURED 144A 01/32 6.625   | CUSIP: 43283QAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $763474.12    | 0.59%             | 2032-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corporation                                        | WHIRLPOOL CORP SR UNSECURED 06/30 6.125                      | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    658000 | PA      | $656431.06    | 0.51%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| World Acceptance Corporation                                 | WORLD ACCEPTANCE CORP COMPANY GUAR 144A 11/26 7              | CUSIP: 981419AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    572000 | PA      | $581358.49    | 0.45%             | 2026-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC SUBWAY 2024 1A A2I 144A                   | SUBWAY FUNDING LLC SUBWAY 2024 1A A2I 144A                   | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    759262 | PA      | $768771.96    | 0.59%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Summit Acquisition Inc.                                      | SUMMIT ACQUISITION INC 2024 TERM LOAN B                      | CUSIP: 86600DAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    276308 | PA      | $276652.88    | 0.21%             | 2031-10-16      | Floating      | 7.83%                 | 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        |    500000 | PA      | $500625.00    | 0.39%             | 2031-10-16      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Sunoco LP and Sunoco Finance Corp.                           | SUNOCO LP / SUNOCO FINANCE COR COMPANY GUAR 04/27 6          | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    436000 | PA      | $435710.23    | 0.34%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sunoco LP and Sunoco Finance Corp.                           | SUNOCO LP / SUNOCO FINANCE COR COMPANY GUAR 04/30 4.5        | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    374000 | PA      | $358599.43    | 0.28%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                      | TALEN ENERGY SUPPLY LLC SR SECURED 144A 06/30 8.625          | CUSIP: 87422VAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    710000 | PA      | $754495.70    | 0.58%             | 2030-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                 | TENET HEALTHCARE CORP COMPANY GUAR 10/28 6.125               | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600036.60    | 0.46%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                              | FANNIE MAE POOL FN 07/55 FIXED 6                             | CUSIP: 3140Y6W48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4491251 | PA      | $4580627.71   | 3.54%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                              | FANNIE MAE POOL FN 07/55 FIXED 6                             | CUSIP: 3140Y6W55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4176094 | PA      | $4257894.56   | 3.29%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                  | FIRST QUANTUM MINERALS LTD SECURED 144A 03/29 9.375          | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    420000 | PA      | $445078.62    | 0.34%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners LLC                                 | FOCUS FINANCIAL PARTNERS LLC SR SECURED 144A 09/31 6.75      | CUSIP: 34417VAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1086000 | PA      | $1109798.39   | 0.86%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                | FORD MOTOR CREDIT CO LLC SR UNSECURED 03/26 6.95             | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007857.67   | 0.78%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                | FORD MOTOR CREDIT CO LLC SR UNSECURED 03/30 7.35             | CUSIP: 345397C68<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    407000 | PA      | $429949.66    | 0.33%             | 2030-03-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| JH COLLATERAL                                                | JH COLLATERAL                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1134252 | NS      | $11344670.18  | 8.76%             |  |  |  | No            |                  1 | On Loan: No      |
| IRS USD P 3.66 20230503-20260503                             | IRS USD P 3.66 20230503-20260503                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |  43000000 | PA      | $161658.50    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| IRS USD P 3.47 20230510-20260510                             | IRS USD P 3.47 20230510-20260510                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |  22000000 | PA      | $114650.80    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| IRS USD P 3.82 20231226-20261226                             | IRS USD P 3.82 20231226-20261226                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |  13000000 | PA      | $11555.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** John Hancock Investors Trust

**Signature:** /s/Salvatore Schiavone

**Name of Signer:** Salvatore Schiavone

**Title:** Treasurer