# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-26-005161
**Filing Date:** 2026-4
**Character Count:** 185001
**Document Hash:** 3381905e094df88d839c4fa8cf214a61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005161.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0000910472-26-005161

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Two Roads Shared Trust
- **CENTRAL INDEX KEY:** 0001552947

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22718
- **FILM NUMBER:** 26823970

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Holbrook Income Fund (Series ID: S000054226)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000170313 | Class I                      | HOBIX           |
| C000170314 | Investor Class               | HOBEX           |
| C000228717 | Holbrook Income Fund Class A |  |

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  |  |  | **Fair Value** |
|  | **COMMON STOCKS — 0.2%** |  |  |  |
|  | **INSURANCE - 0.2%** |  |  |  |
| 3242 | Specialty Transportation Holdings, LLC<sup>(a),(b),(c)</sup> |  |  | &nbsp;&nbsp;&nbsp; $6146822 |
|  | **TOTAL COMMON STOCKS (Cost $5,635,360)** |  |  | &nbsp;&nbsp; 6146822 |
|  | **OPEN END FUNDS — 0.1%** |  |  |  |
|  | **FIXED INCOME - 0.1%** |  |  |  |
| 500000 | Holbrook Total Return Fund, Class I<sup>(d)</sup> |  |  | &nbsp;&nbsp;&nbsp; 5019700 |
|  | **TOTAL OPEN END FUNDS (Cost $5,000,000)** |  |  | &nbsp;&nbsp; 5019700 |
|  |  | **Coupon Rate (%)** | **Maturity** |  |
|  | **PREFERRED STOCKS** — **1.4%** |  |  |  |
|  | **ASSET MANAGEMENT** — **0.8%** |  |  |  |
| 1154746 | Gladstone Investment Corporation | 5.0000 | &nbsp;&nbsp;&nbsp;05/01/26 | &nbsp;&nbsp;&nbsp; 28845555 |
|  | **INSURANCE** — **0.0%<sup>(e)</sup>** |  |  |  |
| 15323 | Enstar Group Ltd. | 7.0000 | &nbsp;&nbsp;&nbsp;Perpetual | &nbsp;&nbsp;&nbsp; 367752 |
|  | **REAL ESTATE SERVICES** — **0.6%** |  |  |  |
| 288000 | Greystone SDOF Preferred Equity, LLC<sup>(f)</sup> | 6.7500 | &nbsp;&nbsp;&nbsp;12/23/25 | &nbsp;&nbsp;&nbsp; 7176960 |
| 3950 | UIRC-GSA International, LLC<sup>(f)</sup> | 6.5000 | &nbsp;&nbsp;&nbsp;Perpetual | &nbsp;&nbsp;&nbsp; 3476000 |
| 9180 | UIRC-GSA International, LLC<sup>(f)</sup> | 6.0000 | &nbsp;&nbsp;&nbsp;Perpetual | &nbsp;&nbsp;&nbsp; 8262000 |
|  |  |  |  | 18914960 |
|  | **TOTAL PREFERRED STOCKS (Cost $48,462,317)** |  |  | 48128267 |
| **Principal Amount ($)** |  |  |  |  |
|  | **ASSET BACKED SECURITIES — 41.8%** |  |  |  |
|  | **AGENCY CMBS** — **0.1%** |  |  |  |
| 2100000 | FREMF Mortgage Trust Series 2016-K56 C<sup>(f),(g)</sup> | 3.9320 | &nbsp;&nbsp;&nbsp;06/25/49 | 2089160 |
| 2000000 | FREMF Mortgage Trust Series 2016-K57 C<sup>(f),(g)</sup> | 3.9360 | &nbsp;&nbsp;&nbsp;08/25/49 | 1987130 |
|  |  |  |  | 4076290 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 41.8% (Continued)** | **ASSET BACKED SECURITIES — 41.8% (Continued)** |  |  |  |
|  | **CLO** — **35.9%** | **CLO** — **35.9%** |  |  |  |
| 500000 | 522 Funding CLO Ltd. Series 2018-3A CR<sup>(f),(h)</sup> | TSFR3M + 2.312% | 5.9790 | &nbsp;&nbsp;&nbsp;10/20/31 | $501079 |
| 7250352 | ACAS CLO Ltd. Series 2015-1A DRR<sup>(f),(h)</sup> | TSFR3M + 3.212% | 6.8790 | &nbsp;&nbsp;&nbsp;10/18/28 | 7277374 |
| 895000 | Allegro CLO X Ltd. Series 2019-1A CRR<sup>(f),(h)</sup> | TSFR3M + 2.050% | 5.7180 | &nbsp;&nbsp;&nbsp;04/20/32 | 896625 |
| 1000000 | Annisa CLO Ltd. Series 2016-2A DRR<sup>(f),(h)</sup> | TSFR3M + 2.800% | 6.4680 | &nbsp;&nbsp;&nbsp;07/20/31 | 1003277 |
| 18225000 | Apex Credit Clo Ltd. Series 2018-1A CR<sup>(f),(h)</sup> | TSFR3M + 2.000% | 5.6680 | &nbsp;&nbsp;&nbsp;04/25/31 | 18245101 |
| 9000000 | APEX CREDIT CLO Ltd. Series 2018-2A CR3<sup>(f),(h)</sup> | TSFR3M + 1.900% | 5.5680 | &nbsp;&nbsp;&nbsp;10/20/31 | 9006048 |
| 345000 | Apidos CLO XXIV Series 2016-24A BRR<sup>(f),(h)</sup> | TSFR3M + 2.312% | 5.9790 | &nbsp;&nbsp;&nbsp;10/20/30 | 345777 |
| 412837 | Atlas Senior Loan Fund Ltd. Series 2017-8A C<sup>(f),(h)</sup> | TSFR3M + 2.812% | 6.4830 | &nbsp;&nbsp;&nbsp;01/16/30 | 413106 |
| 7000000 | Atlas Senior Loan Fund VII Ltd. Series 2016-7A CR<sup>(f),(h)</sup> | TSFR3M + 2.762% | 6.5840 | &nbsp;&nbsp;&nbsp;11/27/31 | 7020783 |
| 21100000 | Atlas Senior Loan Fund X Ltd. Series 2018-10A C<sup>(f),(h)</sup> | TSFR3M + 2.112% | 5.7840 | &nbsp;&nbsp;&nbsp;01/15/31 | 21251054 |
| 5500000 | Atlas Senior Loan Fund XI Ltd. Series 2018-11A B<sup>(f),(h)</sup> | TSFR3M + 1.912% | 5.5800 | &nbsp;&nbsp;&nbsp;07/26/31 | 5510566 |
| 11875000 | Atlas Senior Loan Fund XI Ltd. Series 2018-11A C<sup>(f),(h)</sup> | TSFR3M + 2.212% | 5.8800 | &nbsp;&nbsp;&nbsp;07/26/31 | 11963493 |
| 23750000 | Atlas Senior Loan Fund XII Ltd. Series 2018-12A C<sup>(f),(h)</sup> | TSFR3M + 2.632% | 6.3000 | &nbsp;&nbsp;&nbsp;10/24/31 | 23955413 |
| 37000000 | Bain Capital Credit CLO Series 2018-2A CR<sup>(f),(h)</sup> | TSFR3M + 1.950% | 5.6180 | &nbsp;&nbsp;&nbsp;07/19/31 | 37045065 |
| 13400000 | Barings CLO Ltd. Series 2015-IA DR<sup>(f),(h)</sup> | TSFR3M + 2.862% | 6.5290 | &nbsp;&nbsp;&nbsp;01/20/31 | 13442438 |
| 15000000 | BlueMountain CLO Ltd. Series 2015-4A DR2<sup>(f),(h)</sup> | TSFR3M + 1.950% | 5.6180 | &nbsp;&nbsp;&nbsp;04/20/30 | 15029880 |
| 1150000 | BlueMountain CLO Ltd. Series 2018-1<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.6280 | &nbsp;&nbsp;&nbsp;07/30/30 | 1152204 |
| 3520000 | BlueMountain CLO Ltd. Series 2018-1A C<sup>(f),(h)</sup> | TSFR3M + 2.312% | 5.9780 | &nbsp;&nbsp;&nbsp;07/30/30 | 3529187 |
| 10750000 | BlueMountain CLO Ltd. Series 2014-2A BR2<sup>(f),(h)</sup> | TSFR3M + 2.012% | 5.6790 | &nbsp;&nbsp;&nbsp;10/20/30 | 10792194 |
| 2337500 | BlueMountain CLO Ltd. Series 2013-2<sup>(f),(h)</sup> | TSFR3M + 2.212% | 5.8810 | &nbsp;&nbsp;&nbsp;10/22/30 | 2341312 |
| 3830000 | BlueMountain CLO Ltd. Series 2013-2A DR<sup>(f),(h)</sup> | TSFR3M + 3.162% | 6.8310 | &nbsp;&nbsp;&nbsp;10/22/30 | 3853037 |
| 1800000 | BlueMountain CLO Ltd. Series 2018-3 BR<sup>(f),(h)</sup> | TSFR3M + 1.850% | 5.5180 | &nbsp;&nbsp;&nbsp;10/25/30 | 1804783 |
| 5600000 | BlueMountain CLO Ltd. Series 2018-3A C<sup>(f),(h)</sup> | TSFR3M + 2.462% | 6.1300 | &nbsp;&nbsp;&nbsp;10/25/30 | 5615053 |
| 2500000 | BlueMountain CLO Ltd. Series 2016-3<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.8130 | &nbsp;&nbsp;&nbsp;11/15/30 | 2504825 |
| 1300000 | BlueMountain CLO Ltd. Series 2016-3A CR<sup>(f),(h)</sup> | TSFR3M + 2.462% | 6.3130 | &nbsp;&nbsp;&nbsp;11/15/30 | 1303624 |
| 22750000 | BlueMountain CLO Ltd. Series 2015-3A BR<sup>(f),(h)</sup> | TSFR3M + 2.012% | 5.6790 | &nbsp;&nbsp;&nbsp;04/20/31 | 22911479 |
| 4750000 | BlueMountain CLO Ltd. Series 2015-3A CR<sup>(f),(h)</sup> | TSFR3M + 2.862% | 6.5290 | &nbsp;&nbsp;&nbsp;04/20/31 | 4774353 |
| 8500000 | BlueMountain CLO Ltd. Series 2018-2 B<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.8130 | &nbsp;&nbsp;&nbsp;08/15/31 | 8531450 |
| 22430000 | BlueMountain CLO Ltd. Series 2018-2A C<sup>(f),(h)</sup> | TSFR3M + 2.462% | 6.3130 | &nbsp;&nbsp;&nbsp;08/15/31 | 22619375 |
| 1000000 | BlueMountain CLO XXII Ltd. Series 2018-22A B<sup>(f),(h)</sup> | TSFR3M + 1.762% | 5.4340 | &nbsp;&nbsp;&nbsp;07/15/31 | 1004259 |
| 6063000 | BlueMountain CLO XXII Ltd. Series 2018-22A C<sup>(f),(h)</sup> | TSFR3M + 2.212% | 5.8840 | &nbsp;&nbsp;&nbsp;07/15/31 | 6071361 |
| 2500000 | BlueMountain Fuji US Clo II Ltd. Series 2017-2A A2<sup>(f),(h)</sup> | TSFR3M + 1.862% | 5.5290 | &nbsp;&nbsp;&nbsp;10/20/30 | 2503973 |
| 1000000 | BlueMountain Fuji US CLO II Ltd. Series 2017-2A<sup>(f),(h)</sup> | TSFR3M + 2.412% | 6.0790 | &nbsp;&nbsp;&nbsp;10/20/30 | 1002565 |
| 1850000 | Canyon Capital CLO Ltd. Series 2012-1RA C<sup>(f),(h)</sup> | TSFR3M + 2.262% | 5.9340 | &nbsp;&nbsp;&nbsp;07/15/30 | 1854488 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 41.8% (Continued)** | **ASSET BACKED SECURITIES — 41.8% (Continued)** |  |  |  |
|  | **CLO** — **35.9% (Continued)** | **CLO** — **35.9% (Continued)** |  |  |  |
| 8665000 | Canyon Capital CLO Ltd. Series 2014-1A BR<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7280 | &nbsp;&nbsp;&nbsp;01/30/31 | $8725378 |
| 290000 | Canyon Capital CLO Ltd. Series 2016-1A BR<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.6340 | &nbsp;&nbsp;&nbsp;07/15/31 | 290689 |
| 1750000 | Canyon Capital CLO Ltd. Series 2016-1 CR<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8340 | &nbsp;&nbsp;&nbsp;07/15/31 | 1753675 |
| 2758000 | Canyon Capital CLO Ltd. Series 2016-2A BR<sup>(f),(h)</sup> | TSFR3M + 2.012% | 5.6840 | &nbsp;&nbsp;&nbsp;10/15/31 | 2765615 |
| 5000000 | Canyon CLO Ltd. Series 2018-1A B<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.6340 | &nbsp;&nbsp;&nbsp;07/15/31 | 5015235 |
| 7476000 | Catamaran CLO Ltd. Series 2014-1A BR<sup>(f),(h)</sup> | TSFR3M + 2.422% | 6.0910 | &nbsp;&nbsp;&nbsp;04/22/30 | 7512311 |
| 6218000 | Chenango Park CLO Ltd. Series 2018-1A CR<sup>(f),(h)</sup> | TSFR3M + 2.750% | 6.4220 | &nbsp;&nbsp;&nbsp;04/15/30 | 6259089 |
| 4885000 | CIFC Funding Ltd. Series 2017-4A A2R<sup>(f),(h)</sup> | TSFR3M + 1.812% | 5.4800 | &nbsp;&nbsp;&nbsp;10/24/30 | 4890706 |
| 8650000 | Crown Point CLO IV Ltd. Series 2018-4A C<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8290 | &nbsp;&nbsp;&nbsp;04/20/31 | 8710524 |
| 1362500 | Dryden 30 Senior Loan Fund Series 2013-30A DR<sup>(f),(h)</sup> | TSFR3M + 2.862% | 6.7130 | &nbsp;&nbsp;&nbsp;11/15/28 | 1366737 |
| 11000000 | Dryden 40 Senior Loan Fund Series 2015-40A CR2<sup>(f),(h)</sup> | TSFR3M + 2.250% | 6.1020 | &nbsp;&nbsp;&nbsp;08/15/31 | 11043989 |
| 500000 | Dryden 41 Senior Loan Fund Series 2015-41A CR<sup>(f),(h)</sup> | TSFR3M + 2.012% | 5.6840 | &nbsp;&nbsp;&nbsp;04/15/31 | 501434 |
| 7000000 | Dryden 45 Senior Loan Fund Series 2016-45A DRR<sup>(f),(h)</sup> | TSFR3M + 3.050% | 6.7220 | &nbsp;&nbsp;&nbsp;10/15/30 | 7052703 |
| 1570000 | Dryden 49 Senior Loan Fund Series 2017-49A BR<sup>(f),(h)</sup> | TSFR3M + 1.862% | 5.5290 | &nbsp;&nbsp;&nbsp;07/18/30 | 1574520 |
| 2500000 | Dryden 49 Senior Loan Fund Series 2017-49A CR<sup>(f),(h)</sup> | TSFR3M + 2.312% | 5.9790 | &nbsp;&nbsp;&nbsp;07/18/30 | 2506923 |
| 14605000 | Dryden 54 Senior Loan Fund Series 2017-54A C<sup>(f),(h)</sup> | TSFR3M + 2.412% | 6.0790 | &nbsp;&nbsp;&nbsp;10/19/29 | 14687591 |
| 15350000 | Dryden 55 CLO Ltd. Series 2018-55A C<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8340 | &nbsp;&nbsp;&nbsp;04/15/31 | 15392443 |
| 5000000 | Dryden 60 CLO Ltd. Series 2018-60A B<sup>(f),(h)</sup> | TSFR3M + 1.812% | 5.4840 | &nbsp;&nbsp;&nbsp;07/15/31 | 5009590 |
| 12000000 | Dryden 64 CLO Ltd. Series 2018-64A C<sup>(f),(h)</sup> | TSFR3M + 2.012% | 5.6790 | &nbsp;&nbsp;&nbsp;04/18/31 | 12088248 |
| 7500000 | Dryden 64 CLO Ltd. Series 2018-64A<sup>(f),(h)</sup> | TSFR3M + 2.912% | 6.5790 | &nbsp;&nbsp;&nbsp;04/18/31 | 7561373 |
| 6600000 | Eaton Vance Clo Ltd. Series 2015-1A DR<sup>(f),(h)</sup> | TSFR3M + 2.762% | 6.4290 | &nbsp;&nbsp;&nbsp;01/20/30 | 6622955 |
| 2539000 | Eaton Vance CLO Ltd. Series 2014-1RA C<sup>(f),(h)</sup> | TSFR3M + 2.362% | 6.0340 | &nbsp;&nbsp;&nbsp;07/15/30 | 2539000 |
| 9800000 | Elevation CLO Ltd. Series 2018-10A DR<sup>(f),(h)</sup> | TSFR3M + 2.400% | 6.0680 | &nbsp;&nbsp;&nbsp;10/20/31 | 9857418 |
| 2994671 | Ellington CLO II Ltd. Series 2017-2A C<sup>(f),(h)</sup> | TSFR3M + 3.162% | 7.0130 | &nbsp;&nbsp;&nbsp;02/15/29 | 2996096 |
| 3876481 | Ellington CLO III Ltd. Series 2018-3A C<sup>(f),(h)</sup> | TSFR3M + 2.512% | 6.1790 | &nbsp;&nbsp;&nbsp;07/20/30 | 3884110 |
| 31250000 | Fortress Credit BSL VI Ltd. Series 2018-1A CR<sup>(f),(h)</sup> | TSFR3M + 2.712% | 6.3830 | &nbsp;&nbsp;&nbsp;07/23/31 | 31476905 |
| 11750000 | Fortress Credit BSL VI Ltd. Series 2018-1A DR<sup>(f),(h)</sup> | TSFR3M + 3.712% | 7.3830 | &nbsp;&nbsp;&nbsp;07/23/31 | 11859780 |
| 995000 | Fortress Credit Bsl VII Ltd. Series 2019-1A CR<sup>(f),(h)</sup> | TSFR3M + 2.100% | 5.7710 | &nbsp;&nbsp;&nbsp;07/23/32 | 997354 |
| 290000 | Fortress Credit BSL VIII Ltd. Series 2019-2A CR<sup>(f),(h)</sup> | TSFR3M + 2.000% | 5.6700 | &nbsp;&nbsp;&nbsp;10/20/32 | 290374 |
| 11650000 | Halcyon Loan Advisors Funding Ltd. Series 2018-2A B<sup>(f),(h)</sup> | TSFR3M + 2.612% | 6.2810 | &nbsp;&nbsp;&nbsp;01/22/31 | 11674523 |
| 135126 | Highbridge Loan Management Series 3A-2014 BR<sup>(f),(h)</sup> | TSFR3M + 2.662% | 6.3290 | &nbsp;&nbsp;&nbsp;07/18/29 | 135284 |
| 13282000 | ICG US CLO Ltd. Series 2014-2A DRR<sup>(f),(h)</sup> | TSFR3M + 2.962% | 6.6340 | &nbsp;&nbsp;&nbsp;01/15/31 | 13343429 |
| 2800000 | Jamestown CLO XI Ltd. Series 2018-11A A2<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.6290 | &nbsp;&nbsp;&nbsp;07/14/31 | 2806216 |
| 12400000 | Jefferson Mill CLO Ltd. Series 2015-1A CRR<sup>(f),(h)</sup> | TSFR3M + 2.550% | 6.2180 | &nbsp;&nbsp;&nbsp;10/20/31 | 12448844 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 41.8% (Continued)** | **ASSET BACKED SECURITIES — 41.8% (Continued)** |  |  |  |
|  | **CLO** — **35.9% (Continued)** | **CLO** — **35.9% (Continued)** |  |  |  |
| 18250000 | KKR CLO 11 Ltd. Series 11 CR<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7340 | &nbsp;&nbsp;&nbsp;01/15/31 | $18289694 |
| 1125185 | KKR CLO 12 Ltd. Series 12 BR2<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.6340 | &nbsp;&nbsp;&nbsp;10/15/30 | 1127213 |
| 5000000 | KKR CLO 12 Ltd. Series 12 DR2<sup>(f),(h)</sup> | TSFR3M + 3.362% | 7.0340 | &nbsp;&nbsp;&nbsp;10/15/30 | 5027595 |
| 4500000 | KKR CLO 15 Ltd. Series 15 CR2<sup>(f),(h)</sup> | TSFR3M + 1.900% | 5.5680 | &nbsp;&nbsp;&nbsp;01/18/32 | 4509113 |
| 11000000 | KKR CLO 20 Ltd. Series 20 DR<sup>(f),(h)</sup> | TSFR3M + 2.900% | 6.5710 | &nbsp;&nbsp;&nbsp;10/16/30 | 11087769 |
| 14116000 | KKR CLO 21 Ltd. Series 21 C<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7340 | &nbsp;&nbsp;&nbsp;04/15/31 | 14218200 |
| 4522000 | KKR CLO 21 Ltd. Series 21 D<sup>(f),(h)</sup> | TSFR3M + 2.862% | 6.5340 | &nbsp;&nbsp;&nbsp;04/15/31 | 4543733 |
| 2150000 | KKR CLO 22 Ltd. Series 22A B<sup>(f),(h)</sup> | TSFR3M + 1.862% | 5.5290 | &nbsp;&nbsp;&nbsp;07/20/31 | 2155311 |
| 1600000 | KKR Clo 24 Ltd. Series 24 BR<sup>(f),(h)</sup> | TSFR3M + 1.912% | 5.5790 | &nbsp;&nbsp;&nbsp;04/20/32 | 1605747 |
| 25500000 | KKR CLO 9 Ltd. Series 9 CR2<sup>(f),(h)</sup> | TSFR3M + 2.362% | 6.0340 | &nbsp;&nbsp;&nbsp;07/15/30 | 25641805 |
| 137289 | LCM 28 Ltd. Series 28A B<sup>(f),(h)</sup> | TSFR3M + 1.862% | 5.5290 | &nbsp;&nbsp;&nbsp;10/20/30 | 137411 |
| 1190000 | LCM 29 Ltd. Series 29A BR<sup>(f),(h)</sup> | TSFR3M + 1.862% | 5.5340 | &nbsp;&nbsp;&nbsp;04/15/31 | 1191878 |
| 5750000 | LCM 30 Ltd. Series 30A CR<sup>(f),(h)</sup> | TSFR3M + 2.262% | 5.9290 | &nbsp;&nbsp;&nbsp;04/20/31 | 5776519 |
| 4600000 | LCM Loan Income Fund I Income Note Issuer Ltd. Series 27A C<sup>(f),(h)</sup> | TSFR3M + 2.212% | 5.8830 | &nbsp;&nbsp;&nbsp;07/16/31 | 4621119 |
| 1424431 | LCM XVII, L.P. Series 17A BRR<sup>(f),(h)</sup> | TSFR3M + 1.862% | 5.5340 | &nbsp;&nbsp;&nbsp;10/15/31 | 1425363 |
| 8330000 | LCM XVII, L.P. Series 17A CRR<sup>(f),(h)</sup> | TSFR3M + 2.362% | 6.0340 | &nbsp;&nbsp;&nbsp;10/15/31 | 8350209 |
| 1190000 | Madison Park Funding XXIV Ltd. Series 2016-24A CR2<sup>(f),(h)</sup> | TSFR3M + 2.050% | 5.7180 | &nbsp;&nbsp;&nbsp;10/20/29 | 1191346 |
| 568763 | Man GLG US CLO Series 2018-1A A2R<sup>(f),(h)</sup> | TSFR3M + 1.892% | 5.5590 | &nbsp;&nbsp;&nbsp;04/22/30 | 569090 |
| 695520 | MJX Venture Management II, LLC Series 2014-18RR D<sup>(f),(h)</sup> | TSFR3M + 4.012% | 7.6840 | &nbsp;&nbsp;&nbsp;10/16/29 | 691655 |
| 748953 | MJX Venture Management II, LLC Series 2017-28RR BF<sup>(f)</sup> |  | 3.7790 | &nbsp;&nbsp;&nbsp;07/22/30 | 748197 |
| 3375000 | MJX Venture Management II, LLC Series 2015-22RR B<sup>(f),(h)</sup> | TSFR3M + 2.112% | 5.7830 | &nbsp;&nbsp;&nbsp;01/16/31 | 3348805 |
| 1875000 | MJX Venture Management II, LLC Series 2015-22RR C<sup>(f),(h)</sup> | TSFR3M + 2.612% | 6.2830 | &nbsp;&nbsp;&nbsp;01/16/31 | 1842094 |
| 1675000 | MJX Venture Management II, LLC Series 2015-22RR D<sup>(f),(h)</sup> | TSFR3M + 3.662% | 7.3330 | &nbsp;&nbsp;&nbsp;01/16/31 | 1577534 |
| 520890 | Mountain View CLO IX Ltd. Series 2015-9A A2R<sup>(f),(h)</sup> | TSFR3M + 2.042% | 5.7140 | &nbsp;&nbsp;&nbsp;07/15/31 | 521680 |
| 467619 | Mountain View CLO, LLC Series 2017-2A C<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8330 | &nbsp;&nbsp;&nbsp;01/16/31 | 467910 |
| 3000000 | Mountain View CLO, LLC Series 2016-1A B1R2<sup>(f),(h)</sup> | TSFR3M + 1.800% | 5.4670 | &nbsp;&nbsp;&nbsp;04/14/33 | 3008208 |
| 3750000 | Mountain View CLO, LLC Series 2016-1A CR2<sup>(f),(h)</sup> | TSFR3M + 2.350% | 6.0170 | &nbsp;&nbsp;&nbsp;04/14/33 | 3755678 |
| 3650000 | Newark BSL CLO 2 Ltd. Series 2017-1A BR<sup>(f),(h)</sup> | TSFR3M + 2.012% | 5.6800 | &nbsp;&nbsp;&nbsp;07/25/30 | 3658453 |
| 12350000 | Northwoods Capital XII-B Ltd. Series 2018-12BA CR<sup>(f),(h)</sup> | TSFR3M + 2.050% | 5.7730 | &nbsp;&nbsp;&nbsp;06/15/31 | 12362424 |
| 1500000 | Northwoods Capital XVII Ltd. Series 2018-17A C<sup>(f),(h)</sup> | TSFR3M + 2.112% | 5.7810 | &nbsp;&nbsp;&nbsp;04/22/31 | 1502556 |
| 8500000 | Northwoods Capital XVII Ltd. Series 2018-17A D<sup>(f),(h)</sup> | TSFR3M + 3.112% | 6.7810 | &nbsp;&nbsp;&nbsp;04/22/31 | 8555361 |
| 3505000 | OCP CLO Ltd. Series 2014-5A BR<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7300 | &nbsp;&nbsp;&nbsp;04/26/31 | 3511432 |
| 3590000 | Octagon Investment Partners 26 Ltd. Series 2016-1A CR<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7340 | &nbsp;&nbsp;&nbsp;07/15/30 | 3595389 |
| 5750000 | Octagon Investment Partners 27 Ltd. Series 2016-1A CR<sup>(f),(h)</sup> | TSFR3M + 2.362% | 6.0340 | &nbsp;&nbsp;&nbsp;07/15/30 | 5765433 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 41.8% (Continued)** | **ASSET BACKED SECURITIES — 41.8% (Continued)** |  |  |  |
|  | **CLO** — **35.9% (Continued)** | **CLO** — **35.9% (Continued)** |  |  |  |
| 500000 | Octagon Investment Partners 34 Ltd. Series 2017-1A C1<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.6290 | &nbsp;&nbsp;&nbsp;01/20/30 | $500179 |
| 3152000 | Octagon Investment Partners 34 Ltd. Series 2017-1A D<sup>(f),(h)</sup> | TSFR3M + 2.762% | 6.4290 | &nbsp;&nbsp;&nbsp;01/20/30 | 3159417 |
| 6000000 | Octagon Investment Partners 36 Ltd. Series 2018-1A C<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.6340 | &nbsp;&nbsp;&nbsp;04/15/31 | 6015216 |
| 3130000 | Octagon Investment Partners 39 Ltd. Series 2018-3A D<sup>(f),(h)</sup> | TSFR3M + 3.212% | 6.8790 | &nbsp;&nbsp;&nbsp;10/20/30 | 3145278 |
| 7015000 | Octagon Investment Partners XVI Ltd. Series 2013-1A<sup>(f),(h)</sup> | TSFR3M + 1.862% | 5.5290 | &nbsp;&nbsp;&nbsp;07/17/30 | 7036530 |
| 14250000 | Octagon Investment Partners XVI Ltd. Series 2013-1A CR<sup>(f),(h)</sup> | TSFR3M + 2.112% | 5.7790 | &nbsp;&nbsp;&nbsp;07/17/30 | 14346444 |
| 2435000 | Octagon Investment Partners XVII Ltd. Series 2013-1A CR2<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.6300 | &nbsp;&nbsp;&nbsp;01/25/31 | 2437167 |
| 6000000 | Octagon Investment Partners XXI Ltd. Series 2014-1A CR4<sup>(f),(h)</sup> | TSFR3M + 2.250% | 6.1030 | &nbsp;&nbsp;&nbsp;02/14/31 | 6009696 |
| 5230000 | Octagon Investment Partners XXII Ltd. Series 2014-1A CRR<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8310 | &nbsp;&nbsp;&nbsp;01/22/30 | 5242604 |
| 4500000 | Octagon Investment Partners XXII Ltd. Series 2014-1A DRR<sup>(f),(h)</sup> | TSFR3M + 3.012% | 6.6810 | &nbsp;&nbsp;&nbsp;01/22/30 | 4521276 |
| 3595000 | OZLM VI Ltd. Series 2014-6A B1T<sup>(f),(h)</sup> | TSFR3M + 2.000% | 5.6680 | &nbsp;&nbsp;&nbsp;04/17/31 | 3600820 |
| 16470000 | OZLM VI Ltd. Series 2014-6A CT<sup>(f),(h)</sup> | TSFR3M + 2.900% | 6.5680 | &nbsp;&nbsp;&nbsp;04/17/31 | 16526673 |
| 1817474 | OZLM XVIII Ltd. Series 2018-18A B<sup>(f),(h)</sup> | TSFR3M + 1.812% | 5.4840 | &nbsp;&nbsp;&nbsp;04/15/31 | 1819842 |
| 2450000 | OZLM XVIII Ltd. Series 2018-18A C<sup>(f),(h)</sup> | TSFR3M + 2.112% | 5.7840 | &nbsp;&nbsp;&nbsp;04/15/31 | 2456767 |
| 11265000 | OZLM XX Ltd. Series 2018-20A B<sup>(f),(h)</sup> | TSFR3M + 2.212% | 5.8790 | &nbsp;&nbsp;&nbsp;04/20/31 | 11331892 |
| 4305000 | OZLM XXI Ltd. Series 2017-21A C<sup>(f),(h)</sup> | TSFR3M + 2.932% | 6.8160 | &nbsp;&nbsp;&nbsp;01/20/31 | 4322302 |
| 400000 | OZLM XXII Ltd. Series 2018-22A B<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7290 | &nbsp;&nbsp;&nbsp;01/17/31 | 400256 |
| 5642000 | OZLM XXII Ltd. Series 2018-22A C<sup>(f),(h)</sup> | TSFR3M + 2.912% | 6.5790 | &nbsp;&nbsp;&nbsp;01/17/31 | 5663225 |
| 620000 | OZLM XXIV Ltd. Series 2019-24A BR<sup>(f),(h)</sup> | TSFR3M + 2.612% | 6.2790 | &nbsp;&nbsp;&nbsp;07/20/32 | 622066 |
| 6500000 | PPM CLO Ltd. Series 2018-1A C<sup>(f),(h)</sup> | TSFR3M + 2.412% | 6.0840 | &nbsp;&nbsp;&nbsp;07/15/31 | 6552442 |
| 1000000 | Rockford Tower CLO Ltd. Series 2017-3A C<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7290 | &nbsp;&nbsp;&nbsp;10/20/30 | 1002028 |
| 10500000 | Rockford Tower CLO Ltd. Series 2017-3A D<sup>(f),(h)</sup> | TSFR3M + 2.912% | 6.5790 | &nbsp;&nbsp;&nbsp;10/20/30 | 10576661 |
| 500000 | Rockford Tower CLO Ltd. Series 2018-1A C<sup>(f),(h)</sup> | TSFR3M + 2.312% | 6.2010 | &nbsp;&nbsp;&nbsp;05/20/31 | 501078 |
| 1500000 | Rockford Tower CLO Ltd. Series 2018-2A C<sup>(f),(h)</sup> | TSFR3M + 2.462% | 6.1290 | &nbsp;&nbsp;&nbsp;10/20/31 | 1508694 |
| 7000000 | Rockford Tower CLO Ltd. Series 2019-2A CR2<sup>(f),(h)</sup> | TSFR3M + 2.000% | 5.8890 | &nbsp;&nbsp;&nbsp;08/20/32 | 7010612 |
| 1500000 | Romark CLO Ltd. Series 2017-1A B<sup>(f),(h)</sup> | TSFR3M + 2.412% | 6.0830 | &nbsp;&nbsp;&nbsp;10/23/30 | 1502895 |
| 22300000 | Shackleton CLO Ltd. Series 2013-1A<sup>(f),(h)</sup> | TSFR3M + 2.212% | 5.8840 | &nbsp;&nbsp;&nbsp;07/15/30 | 22401616 |
| 1650000 | Shackleton CLO Ltd. Series 2013-4RA A2A<sup>(f),(h)</sup> | TSFR3M + 1.862% | 5.5130 | &nbsp;&nbsp;&nbsp;04/13/31 | 1651653 |
| 1555000 | Shackleton CLO Ltd. Series 2013-4RA<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8130 | &nbsp;&nbsp;&nbsp;04/13/31 | 1563756 |
| 2000000 | Shackleton CLO Ltd. Series 2013-4RA A2CR<sup>(f),(h)</sup> | TSFR3M + 2.462% | 6.1130 | &nbsp;&nbsp;&nbsp;04/13/31 | 2008920 |
| 1800000 | Shackleton CLO Ltd. Series 2014-5RA B<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.8310 | &nbsp;&nbsp;&nbsp;05/07/31 | 1806599 |
| 12700000 | Shackleton CLO Ltd. Series 2014-5RA C<sup>(f),(h)</sup> | TSFR3M + 2.412% | 6.2810 | &nbsp;&nbsp;&nbsp;05/07/31 | 12803035 |
| 7920000 | Sound Point CLO II Ltd. Series 2013-1A A3R<sup>(f),(h)</sup> | TSFR3M + 2.112% | 5.7800 | &nbsp;&nbsp;&nbsp;01/26/31 | 7940410 |
| 13250000 | Sound Point CLO IX Ltd. Series 2015-2A BRRR<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7290 | &nbsp;&nbsp;&nbsp;07/20/32 | 13288518 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 41.8% (Continued)** | **ASSET BACKED SECURITIES — 41.8% (Continued)** |  |  |  |
|  | **CLO** — **35.9% (Continued)** | **CLO** — **35.9% (Continued)** |  |  |  |
| 10000000 | Sound Point CLO IX Ltd. Series 2015-2A CRRR<sup>(f),(h)</sup> | TSFR3M + 2.762% | 6.4290 | &nbsp;&nbsp;&nbsp;07/20/32 | $10033890 |
| 2500000 | Sound Point CLO VII-R Ltd. Series 2014-3RA C<sup>(f),(h)</sup> | TSFR3M + 2.512% | 6.1830 | &nbsp;&nbsp;&nbsp;10/23/31 | 2507140 |
| 2630000 | Sound Point CLO V-R Ltd. Series 2014-1RA B<sup>(f),(h)</sup> | TSFR3M + 2.012% | 5.6790 | &nbsp;&nbsp;&nbsp;07/18/31 | 2636459 |
| 10500000 | Sound Point CLO V-R Ltd. Series 2014-1RA C<sup>(f),(h)</sup> | TSFR3M + 2.362% | 6.0290 | &nbsp;&nbsp;&nbsp;07/18/31 | 10533033 |
| 8000000 | Sound Point CLO XIX Ltd. Series 2018-1A D<sup>(f),(h)</sup> | TSFR3M + 2.912% | 6.5840 | &nbsp;&nbsp;&nbsp;04/15/31 | 8056296 |
| 2890000 | Sound Point CLO XVI Ltd. Series 2017-2A CR<sup>(f),(h)</sup> | TSFR3M + 2.462% | 6.1300 | &nbsp;&nbsp;&nbsp;07/25/30 | 2897216 |
| 3000000 | Sound Point CLO XVIII Ltd. Series 2017-4A B<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7290 | &nbsp;&nbsp;&nbsp;01/21/31 | 3021525 |
| 8000000 | Sound Point CLO XXI Ltd. Series 2018-3A B<sup>(f),(h)</sup> | TSFR3M + 2.462% | 6.1300 | &nbsp;&nbsp;&nbsp;10/26/31 | 8039665 |
| 21750000 | Sound Point CLO XXII Ltd. Series 2019-1A CRR<sup>(f),(h)</sup> | TSFR3M + 2.050% | 5.7180 | &nbsp;&nbsp;&nbsp;01/20/32 | 21788845 |
| 3495000 | Sounds Point CLO IV-R Ltd. Series 2013-3RA B<sup>(f),(h)</sup> | TSFR3M + 2.012% | 5.6790 | &nbsp;&nbsp;&nbsp;04/18/31 | 3507058 |
| 11940000 | Sounds Point CLO IV-R Ltd. Series 2013-3RA C<sup>(f),(h)</sup> | TSFR3M + 2.512% | 6.1790 | &nbsp;&nbsp;&nbsp;04/18/31 | 11976095 |
| 10425000 | Steele Creek CLO Ltd. Series 2017-1A C<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8340 | &nbsp;&nbsp;&nbsp;10/15/30 | 10500613 |
| 1914266 | Steele Creek CLO Ltd. Series 2014-1RA C<sup>(f),(h)</sup> | TSFR3M + 2.212% | 5.8810 | &nbsp;&nbsp;&nbsp;04/21/31 | 1917994 |
| 690000 | Steele Creek CLO Ltd. Series 2016-1A CR<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8850 | &nbsp;&nbsp;&nbsp;06/15/31 | 691408 |
| 15000000 | Steele Creek CLO Ltd. Series 2019-1A CRR<sup>(f),(h)</sup> | TSFR3M + 2.200% | 5.8720 | &nbsp;&nbsp;&nbsp;04/15/32 | 15019170 |
| 2250000 | Symphony CLO XIX Ltd. Series 2018-19A C<sup>(f),(h)</sup> | TSFR3M + 2.012% | 5.6830 | &nbsp;&nbsp;&nbsp;04/16/31 | 2256086 |
| 4005000 | Symphony CLO XVI Ltd. Series 2015-16A C1RR<sup>(f),(h)</sup> | TSFR3M + 2.200% | 5.8720 | &nbsp;&nbsp;&nbsp;10/15/31 | 4013999 |
| 3880000 | Symphony CLO XX Ltd. Series 2018-20A CR2<sup>(f),(h)</sup> | TSFR3M + 1.950% | 5.6210 | &nbsp;&nbsp;&nbsp;01/16/32 | 3887050 |
| 18250000 | Symphony CLO XXII Ltd. Series 2020-22A CR<sup>(f),(h)</sup> | TSFR3M + 2.100% | 5.7680 | &nbsp;&nbsp;&nbsp;04/18/33 | 18280970 |
| 2662000 | TCI-Symphony CLO Ltd. Series 2017-1A CR<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.7340 | &nbsp;&nbsp;&nbsp;07/15/30 | 2668003 |
| 10800000 | THL Credit Wind River CLO Ltd. Series 2014-3KRA C<sup>(f),(h)</sup> | TSFR3M + 2.562% | 6.2340 | &nbsp;&nbsp;&nbsp;10/15/30 | 10823458 |
| 750000 | THL Credit Wind River CLO Ltd. Series 2015-1A C1<sup>(f),(h)</sup> | TSFR3M + 2.412% | 6.0790 | &nbsp;&nbsp;&nbsp;10/20/30 | 753750 |
| 6000000 | THL Credit Wind River CLO Ltd. Series 2015-1A DR<sup>(f),(h)</sup> | TSFR3M + 3.262% | 6.9290 | &nbsp;&nbsp;&nbsp;10/20/30 | 6028700 |
| 22650000 | TRINITAS CLO IV LTD Series 2016-4A CR<sup>(f),(h)</sup> | TSFR3M + 2.712% | 6.3790 | &nbsp;&nbsp;&nbsp;10/18/31 | 22840599 |
| 9200000 | TRINITAS CLO IV Ltd. Series 2016-4A DR<sup>(f),(h)</sup> | TSFR3M + 3.622% | 7.2890 | &nbsp;&nbsp;&nbsp;10/18/31 | 9280215 |
| 20000000 | Trinitas CLO XV Ltd. Series 2021-15A D<sup>(f),(h)</sup> | TSFR3M + 4.012% | 7.6810 | &nbsp;&nbsp;&nbsp;04/22/34 | 20148500 |
| 750000 | Upland CLO Ltd. Series 2016-1A BR<sup>(f),(h)</sup> | TSFR3M + 2.112% | 5.7790 | &nbsp;&nbsp;&nbsp;04/20/31 | 751799 |
| 17225000 | Venture 31 CLO Ltd. Series 2018-31A C1<sup>(f),(h)</sup> | TSFR3M + 2.212% | 5.8790 | &nbsp;&nbsp;&nbsp;04/20/31 | 17268235 |
| 7000000 | Venture 32 CLO Ltd. Series 2018-32A B<sup>(f),(h)</sup> | TSFR3M + 1.912% | 5.5790 | &nbsp;&nbsp;&nbsp;07/18/31 | 7020419 |
| 6500000 | Venture 35 CLO Ltd. Series 2018-35A C<sup>(f),(h)</sup> | TSFR3M + 2.562% | 6.2310 | &nbsp;&nbsp;&nbsp;10/22/31 | 6518285 |
| 575000 | Venture 38 CLO Ltd. Series 2019-38A CRR<sup>(f),(h)</sup> | TSFR3M + 1.950% | 5.6170 | &nbsp;&nbsp;&nbsp;07/30/32 | 575656 |
| 2631030 | Venture XIII CLO Ltd. Series 2013-13A DR<sup>(f),(h)</sup> | TSFR3M + 3.562% | 7.2990 | &nbsp;&nbsp;&nbsp;09/10/29 | 2634882 |
| 15250000 | Venture XIX CLO Ltd. Series 2014-19A CRR<sup>(f),(h)</sup> | TSFR3M + 2.712% | 6.3840 | &nbsp;&nbsp;&nbsp;01/15/32 | 15293356 |
| 1890000 | Venture XV CLO Ltd. Series 2013-15A BR3<sup>(f),(h)</sup> | TSFR3M + 2.132% | 5.8040 | &nbsp;&nbsp;&nbsp;07/15/32 | 1896131 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 41.8% (Continued)** | **ASSET BACKED SECURITIES — 41.8% (Continued)** |  |  |  |
|  | **CLO** — **35.9% (Continued)** | **CLO** — **35.9% (Continued)** |  |  |  |
| 15625000 | Venture XXII CLO Ltd. Series 2015-22A CR<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8340 | &nbsp;&nbsp;&nbsp;01/15/31 | $15715156 |
| 2000000 | Venture XXIX CLO Ltd. Series 2017-29A C<sup>(f),(h)</sup> | TSFR3M + 2.762% | 6.6130 | &nbsp;&nbsp;&nbsp;09/07/30 | 2007542 |
| 500000 | Venture XXVII CLO Ltd. Series 2017-27A CR<sup>(f),(h)</sup> | TSFR3M + 2.562% | 6.2290 | &nbsp;&nbsp;&nbsp;07/20/30 | 502067 |
| 3500000 | Venture XXVIII CLO Ltd. Series 2017-28A C2R<sup>(f),(h)</sup> | TSFR3M + 2.462% | 6.1290 | &nbsp;&nbsp;&nbsp;07/20/30 | 3516840 |
| 1000000 | Venture XXX CLO Ltd. Series 2017-30A B<sup>(f),(h)</sup> | TSFR3M + 1.862% | 5.5340 | &nbsp;&nbsp;&nbsp;01/15/31 | 1002412 |
| 1650000 | Venture XXX CLO Ltd. Series 2017-30RR A2<sup>(f),(h)</sup> | TSFR3M + 1.962% | 5.6340 | &nbsp;&nbsp;&nbsp;01/15/31 | 1653945 |
| 3000000 | Venture XXX CLO Ltd. Series 2017-30A C<sup>(f),(h)</sup> | TSFR3M + 2.212% | 5.8840 | &nbsp;&nbsp;&nbsp;01/15/31 | 3007785 |
| 250000 | Verdelite Static CLO Ltd. Series 2024-1A C<sup>(f),(h)</sup> | TSFR3M + 1.950% | 5.6180 | &nbsp;&nbsp;&nbsp;07/20/32 | 250589 |
| 2000000 | Voya CLO Ltd. Series 2017-1A BR<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8290 | &nbsp;&nbsp;&nbsp;04/17/30 | 2003346 |
| 6090000 | Voya CLO Ltd. Series 2013-1A BR<sup>(f),(h)</sup> | TSFR3M + 2.162% | 5.8340 | &nbsp;&nbsp;&nbsp;10/15/30 | 6104378 |
| 1000000 | Voya CLO Ltd. Series 2018-1A B<sup>(f),(h)</sup> | TSFR3M + 2.062% | 5.9460 | &nbsp;&nbsp;&nbsp;04/19/31 | 1002089 |
| 4700000 | Voya CLO Ltd. Series 2014-4A BR2<sup>(f),(h)</sup> | TSFR3M + 2.352% | 6.0190 | &nbsp;&nbsp;&nbsp;07/14/31 | 4712464 |
| 4100000 | Voya CLO Ltd. Series 2018-2A C1<sup>(f),(h)</sup> | TSFR3M + 2.112% | 5.7840 | &nbsp;&nbsp;&nbsp;07/15/31 | 4112386 |
| 1500000 | Voya CLO Ltd. Series 2019-3A CR<sup>(f),(h)</sup> | TSFR3M + 2.412% | 6.0790 | &nbsp;&nbsp;&nbsp;10/17/32 | 1505034 |
| 1700640 | Z Capital Credit Partners CLO Ltd. Series 2018-1A B<sup>(f),(h)</sup> | TSFR3M + 2.712% | 6.3830 | &nbsp;&nbsp;&nbsp;01/16/31 | 1704767 |
| 8825000 | Zais CLO 11 Ltd. Series 2018-11A CR<sup>(f),(h)</sup> | TSFR3M + 2.450% | 6.1180 | &nbsp;&nbsp;&nbsp;01/20/32 | 8853142 |
| 1850000 | Zais CLO 13 Ltd. Series 2019-13A C1R<sup>(f),(h)</sup> | TSFR3M + 2.400% | 6.0720 | &nbsp;&nbsp;&nbsp;07/15/32 | 1855911 |
| 2075000 | Zais CLO 3 Ltd. Series 2015-3A BR<sup>(f),(h)</sup> | TSFR3M + 2.912% | 6.5840 | &nbsp;&nbsp;&nbsp;07/15/31 | 2085211 |
| 9822085 | Zais CLO 7 Ltd. Series 2017-2A C<sup>(f),(h)</sup> | TSFR3M + 2.712% | 6.3840 | &nbsp;&nbsp;&nbsp;04/15/30 | 9841631 |
|  |  |  |  |  | 1207879348 |
|  | **COLLATERALIZED MORTGAGE OBLIGATIONS** — **0.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS** — **0.2%** |  |  |  |
| 3373118 | Boston Lending Trust Series 2022-2 A<sup>(f),(g)</sup> |  | 3.2500 | &nbsp;&nbsp;&nbsp;05/25/62 | 3271553 |
| 2355036 | Imperial Fund Mortgage Trust Series 2022-NQM7 A1<sup>(f),(i)</sup> |  | 7.3690 | &nbsp;&nbsp;&nbsp;11/25/67 | 2369186 |
| 303388 | Verus Securitization Trust Series 2023-1 A1<sup>(f),(i)</sup> |  | 5.8500 | &nbsp;&nbsp;&nbsp;12/25/67 | 302724 |
| 124918 | Verus Securitization Trust Series 2023-3 A2<sup>(f),(i)</sup> |  | 6.4380 | &nbsp;&nbsp;&nbsp;03/25/68 | 124994 |
| 325409 | Verus Securitization Trust Series 2023-5 A1<sup>(f),(i)</sup> |  | 6.4760 | &nbsp;&nbsp;&nbsp;06/25/68 | 326730 |
|  |  |  |  |  | 6395187 |
|  | **NON AGENCY CMBS** — **4.7%** | **NON AGENCY CMBS** — **4.7%** |  |  |  |
| 6578604 | BPR Trust Series 2021-WILL A<sup>(f),(h)</sup> | TSFR1M + 1.864% | 5.5450 | &nbsp;&nbsp;&nbsp;06/15/38 | 6575809 |
| 22440000 | BX Commercial Mortgage Trust Series 2019-IMC E<sup>(f),(h)</sup> | TSFR1M + 2.196% | 5.8760 | &nbsp;&nbsp;&nbsp;04/15/34 | 22088058 |
| 7000000 | COMM Mortgage Trust Series 2016-COR1 B |  | 3.8970 | &nbsp;&nbsp;&nbsp;10/10/49 | 6496579 |
| 5520000 | Hudsons Bay Simon JV Trust Series 2015-HB10 B10<sup>(f)</sup> |  | 4.9060 | &nbsp;&nbsp;&nbsp;08/05/34 | 5489690 |
| 11995430 | Morgan Stanley Capital I, Inc. Series 2024-BPR2 A<sup>(f)</sup> |  | 7.2910 | &nbsp;&nbsp;&nbsp;05/05/29 | 12613864 |
| 30625000 | Morgan Stanley Capital I, Inc. Series 2024-BPR2 B<sup>(f)</sup> |  | 8.5420 | &nbsp;&nbsp;&nbsp;05/05/29 | 32696208 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 41.8% (Continued)** | **ASSET BACKED SECURITIES — 41.8% (Continued)** |  |  |  |
|  | **NON AGENCY CMBS** — **5.5% (Continued)** | **NON AGENCY CMBS** — **5.5% (Continued)** |  |  |  |
| 6600000 | Morgan Stanley Capital I, Inc. Series 2024-BPR2 C<sup>(f),(g)</sup> |  | 8.7520 | &nbsp;&nbsp;&nbsp;05/05/29 | $6900846 |
| 27000000 | OWS Real Estate Finance, LLC Series MARG2 A<sup>(f),(h)</sup> | TSFR1M + 4.000% | 7.7500 | &nbsp;&nbsp;&nbsp;08/15/27 | 27068561 |
| 4578386 | SMR Mortgage Trust Series 2022-IND A<sup>(f),(h)</sup> | TSFR1M + 1.650% | 5.3300 | &nbsp;&nbsp;&nbsp;02/15/39 | 4589809 |
| 12636345 | SMR Mortgage Trust Series 2022-IND B<sup>(f),(h)</sup> | TSFR1M + 2.400% | 6.0800 | &nbsp;&nbsp;&nbsp;02/15/39 | 12672805 |
| 5063695 | SMR Mortgage Trust Series 2022-IND C<sup>(f),(h)</sup> | TSFR1M + 2.950% | 6.6300 | &nbsp;&nbsp;&nbsp;02/15/39 | 5082984 |
| 10205047 | THPT Mortgage Trust Series 2023-THL C<sup>(f),(g)</sup> |  | 8.5340 | &nbsp;&nbsp;&nbsp;12/10/34 | 10413779 |
| 1328038 | XCAL Mortgage Trust Series 2019-1 A<sup>(b),(f),(h)</sup> | TSFR1M + 3.864% | 0.0000 | &nbsp;&nbsp;&nbsp;12/31/26 | 651420 |
| 943580 | XCALI Mortgage Trust Series 2020-5 A<sup>(f),(h)</sup> | TSFR1M + 3.370% | 7.0900 | &nbsp;&nbsp;&nbsp;12/31/26 | 941834 |
| 2868852 | X-Caliber Funding, LLC Series 2023-MF9 A<sup>(f),(h)</sup> | TSFR1M + 3.250% | 6.9500 | &nbsp;&nbsp;&nbsp;11/25/26 | 2861456 |
| 4000000 | X-Caliber Funding, LLC Series 2024-MSD A<sup>(f),(h)</sup> | TSFR1M + 4.250% | 8.2500 | &nbsp;&nbsp;&nbsp;01/01/27 | 4028820 |
| 15000000 | XRL ALC, LLC Series 2025-OZK A<sup>(f)</sup> |  | 7.2500 | &nbsp;&nbsp;&nbsp;06/20/28 | 15192039 |
| 5000000 | XRL ALC, LLC Series 2025-OZK B1<sup>(f)</sup> |  | 13.5000 | &nbsp;&nbsp;&nbsp;06/20/28 | 5057921 |
|  |  |  |  |  | 181422482 |
|  | **OTHER ABS** — **0.1%** | **OTHER ABS** — **0.1%** |  |  |  |
| 2000000 | FMC GMSR Issuer Trust Series 2022-GT1 A<sup>(f)</sup> |  | 6.1900 | &nbsp;&nbsp;&nbsp;04/25/27 | 2011236 |
| 2175080 | HRR Funding, LLC Series 2021-1<sup>(c),(f)</sup> |  | 9.0000 | &nbsp;&nbsp;&nbsp;12/20/36 | 1027725 |
| 190145 | Pagaya AI Debt Trust Series 2024-2 A<sup>(f)</sup> |  | 6.3190 | &nbsp;&nbsp;&nbsp;08/15/31 | 190575 |
| 215200 | Pagaya AI Debt Trust Series 2024-3 A<sup>(f)</sup> |  | 6.2580 | &nbsp;&nbsp;&nbsp;10/15/31 | 215657 |
|  |  |  |  |  | 3445193 |
|  | **TOTAL ASSET BACKED SECURITIES (Cost $1,405,837,015)** | **TOTAL ASSET BACKED SECURITIES (Cost $1,405,837,015)** |  |  | 1403218500 |
|  | **CONVERTIBLE BONDS — 0.1%** | **CONVERTIBLE BONDS — 0.1%** |  |  |  |
|  | **ASSET MANAGEMENT** — **0.1%** | **ASSET MANAGEMENT** — **0.1%** |  |  |  |
| 3500000 | Gladstone Capital Corporation |  | 5.8750 | &nbsp;&nbsp;&nbsp;10/01/30 | 3377500 |
|  | **TOTAL CONVERTIBLE BONDS (Cost $3,365,298)** | **TOTAL CONVERTIBLE BONDS (Cost $3,365,298)** |  |  | 3377500 |
|  | **CORPORATE BONDS — 47.9%** | **CORPORATE BONDS — 47.9%** |  |  |  |
|  | **ASSET MANAGEMENT** — **22.9%** | **ASSET MANAGEMENT** — **22.9%** |  |  |  |
| 2000000 | Barings BDC, Inc. |  | 5.2000 | &nbsp;&nbsp;&nbsp;09/15/28 | 1993546 |
| 10000000 | BCP Investment Corporation |  | 7.5000 | &nbsp;&nbsp;&nbsp;10/15/28 | 10022803 |
| 2680000 | BlackRock TCP Capital Corporation |  | 6.9500 | &nbsp;&nbsp;&nbsp;05/30/29 | 2658140 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 47.9% (Continued)** | **CORPORATE BONDS — 47.9% (Continued)** |  |  |  |
|  | **ASSET MANAGEMENT** — **22.9% (Continued)** | **ASSET MANAGEMENT** — **22.9% (Continued)** |  |  |  |
| 9500000 | Blue Owl Technology Finance Corporation |  | 6.1000 | &nbsp;&nbsp;&nbsp;03/15/28 | $9646903 |
| 2000000 | Capital Southwest Corporation |  | 5.9500 | &nbsp;&nbsp;&nbsp;09/18/30 | 2002200 |
| 40000000 | CION Investment Corporation |  | 7.4100 | &nbsp;&nbsp;&nbsp;12/15/27 | 39571249 |
| 253781 | Crescent Capital BDC, Inc. |  | 5.0000 | &nbsp;&nbsp;&nbsp;05/25/26 | 6339449 |
| 11964000 | Fidus Investment Corporation |  | 3.5000 | &nbsp;&nbsp;&nbsp;11/15/26 | 11732494 |
| 34503000 | Fidus Investment Corporation |  | 6.7500 | &nbsp;&nbsp;&nbsp;03/19/30 | 34218774 |
| 17674000 | FS KKR Capital Corporation |  | 3.1250 | &nbsp;&nbsp;&nbsp;10/12/28 | 16318446 |
| 3890000 | FS KKR Capital Corporation |  | 7.8750 | &nbsp;&nbsp;&nbsp;01/15/29 | 4026467 |
| 57000000 | Gladstone Investment Corporation |  | 6.8750 | &nbsp;&nbsp;&nbsp;11/01/28 | 57676264 |
| 57500000 | Horizon Technology Finance Corporation |  | 7.0000 | &nbsp;&nbsp;&nbsp;12/15/28 | 58109499 |
| 21233000 | Investcorp Credit Management BDC, Inc. |  | 4.8750 | &nbsp;&nbsp;&nbsp;04/01/26 | 21142210 |
| 18000000 | Logan Ridge Finance Corporation |  | 6.0000 | &nbsp;&nbsp;&nbsp;10/30/26 | 17906400 |
| 9000000 | Main Street Capital Corporation |  | 6.9500 | &nbsp;&nbsp;&nbsp;03/01/29 | 9407189 |
| 2695000 | MidCap Financial Investment Corporation |  | 4.5000 | &nbsp;&nbsp;&nbsp;07/16/26 | 2665030 |
| 42580000 | New Mountain Finance Corporation |  | 6.2000 | &nbsp;&nbsp;&nbsp;10/15/27 | 43115969 |
| 2000000 | New Mountain Finance Corporation |  | 6.8750 | &nbsp;&nbsp;&nbsp;02/01/29 | 2039518 |
| 3479000 | OFS Capital Corporation |  | 4.7500 | &nbsp;&nbsp;&nbsp;02/10/26 | 3479118 |
| 523281 | OFS Capital Corporation |  | 7.5000 | &nbsp;&nbsp;&nbsp;07/31/28 | 13286105 |
| 46485000 | PennantPark Floating Rate Capital Ltd. |  | 4.2500 | &nbsp;&nbsp;&nbsp;04/01/26 | 46338528 |
| 51470000 | PennantPark Investment Corporation |  | 4.0000 | &nbsp;&nbsp;&nbsp;11/01/26 | 50692987 |
| 75000000 | PennantPark Investment Corporation<sup>(f)</sup> |  | 7.0000 | &nbsp;&nbsp;&nbsp;02/01/29 | 74502000 |
| 200000 | Runway Growth Finance Corporation |  | 7.2500 | &nbsp;&nbsp;&nbsp;02/03/31 | 5000000 |
| 44652000 | Saratoga Investment Corporation |  | 4.3750 | &nbsp;&nbsp;&nbsp;02/28/26 | 44507751 |
| 25426000 | Saratoga Investment Corporation |  | 4.3500 | &nbsp;&nbsp;&nbsp;02/28/27 | 24663123 |
| 310408 | Saratoga Investment Corporation |  | 6.0000 | &nbsp;&nbsp;&nbsp;04/30/27 | 7735367 |
| 25000000 | Star Mountain Lower Middle-Market<sup>(h)</sup> | SOFRRATE + 3.750% | 7.4190 | &nbsp;&nbsp;&nbsp;01/15/29 | 25022325 |
| 31000000 | Stellus Capital Investment Corporation |  | 7.2500 | &nbsp;&nbsp;&nbsp;04/01/30 | 31031318 |
| 29633000 | Trinity Capital, Inc. |  | 4.3750 | &nbsp;&nbsp;&nbsp;08/24/26 | 29294940 |
| 21327000 | Trinity Capital, Inc. |  | 4.2500 | &nbsp;&nbsp;&nbsp;12/15/26 | 20879892 |
| 1030072 | Trinity Capital, Inc. |  | 7.8750 | &nbsp;&nbsp;&nbsp;03/30/29 | 26091724 |
| 13065000 | WhiteHorse Finance, Inc. |  | 4.0000 | &nbsp;&nbsp;&nbsp;12/15/26 | 12802802 |
|  |  |  |  |  | 765920530 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 47.9% (Continued)** | **CORPORATE BONDS — 47.9% (Continued)** |  |  |  |
|  | **AUTOMOTIVE** — **0.9%** | **AUTOMOTIVE** — **0.9%** |  |  |  |
| 32529000 | PM General Purchaser, LLC<sup>(f)</sup> |  | 9.5000 | &nbsp;&nbsp;&nbsp;10/01/28 | $30089325 |
|  | **BANKING** — **2.6%** | **BANKING** — **2.6%** |  |  |  |
| 4000000 | First Maryland Capital I<sup>(h)</sup> | TSFR3M + 1.262% | 4.9340 | &nbsp;&nbsp;&nbsp;01/15/27 | 3961856 |
| 18114000 | First Maryland Capital II<sup>(h)</sup> | TSFR3M + 1.112% | 4.9650 | &nbsp;&nbsp;&nbsp;02/01/27 | 17974129 |
| 2000000 | NewtekOne, Inc.<sup>(f)</sup> |  | 8.3750 | &nbsp;&nbsp;&nbsp;04/01/30 | 2011199 |
| 56000 | NexBank Capital, Inc.<sup>(f),(h)</sup> | TSFR3M + 5.200% | 8.8610 | &nbsp;&nbsp;&nbsp;07/01/72 | 56560000 |
| 7000000 | Truist Financial Corporation<sup>(h)</sup> | TSFR3M + 1.242% | 4.9020 | &nbsp;&nbsp;&nbsp;04/01/27 | 6955454 |
|  |  |  |  |  | 87462638 |
|  | **COMMERCIAL SUPPORT SERVICES** — **1.5%** | **COMMERCIAL SUPPORT SERVICES** — **1.5%** |  |  |  |
| 2291832 | Charah Solutions, Inc.<sup>(b)</sup> |  | 8.5000 | &nbsp;&nbsp;&nbsp;08/31/26 | 50420304 |
|  | **ELECTRICAL EQUIPMENT** — **1.9%** | **ELECTRICAL EQUIPMENT** — **1.9%** |  |  |  |
| 62068000 | Babcock & Wilcox Enterprises, Inc.<sup>(b),(f)</sup> |  | 8.7500 | &nbsp;&nbsp;&nbsp;06/30/30 | 62184378 |
|  | **INSTITUTIONAL FINANCIAL SERVICES** — **2.5%** | **INSTITUTIONAL FINANCIAL SERVICES** — **2.5%** |  |  |  |
| 87753000 | B Riley Financial, Inc.<sup>(b),(f)</sup> |  | 8.0000 | &nbsp;&nbsp;&nbsp;01/01/28 | 84681645 |
|  | **INSURANCE** — **4.2%** | **INSURANCE** — **4.2%** |  |  |  |
| 62319000 | American Coastal Insurance Corporation |  | 7.2500 | &nbsp;&nbsp;&nbsp;12/15/27 | 62518359 |
| 58241000 | Kuvare US Holdings, Inc.<sup>(f),(h)</sup> | H15T5Y + 6.541% | 7.0000 | &nbsp;&nbsp;&nbsp;02/17/51 | 58166562 |
| 15500000 | SBL Holdings, Inc.<sup>(f)</sup> |  | 5.9000 | &nbsp;&nbsp;&nbsp;09/26/28 | 15488647 |
| 4397000 | Transamerica Capital II<sup>(f)</sup> |  | 7.6500 | &nbsp;&nbsp;&nbsp;12/01/26 | 4446295 |
|  |  |  |  |  | 140619863 |
|  | **MACHINERY** — **0.0%<sup>(e)</sup>** | **MACHINERY** — **0.0%<sup>(e)</sup>** |  |  |  |
| 2500000 | Briggs & Stratton Corporation<sup>(j)</sup> |  | 6.8750 | &nbsp;&nbsp;&nbsp;12/15/20 | 9375 |
|  | **METALS & MINING** — **1.1%** | **METALS & MINING** — **1.1%** |  |  |  |
| 432227 | Ramaco Resources, Inc. |  | 8.3750 | &nbsp;&nbsp;&nbsp;11/30/29 | 10961277 |
| 998371 | Ramaco Resources, Inc. |  | 8.2500 | &nbsp;&nbsp;&nbsp;07/31/30 | 25158949 |
|  |  |  |  |  | 36120226 |
|  | **OIL & GAS PRODUCERS** — **0.8%** | **OIL & GAS PRODUCERS** — **0.8%** |  |  |  |
| 27630000 | W&T Offshore, Inc.<sup>(f)</sup> |  | 10.7500 | &nbsp;&nbsp;&nbsp;02/01/29 | 27315018 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 47.9% (Continued)** | **CORPORATE BONDS — 47.9% (Continued)** |  |  |  |
|  | **PUBLISHING & BROADCASTING** — **0.0%<sup>(e)</sup>** | **PUBLISHING & BROADCASTING** — **0.0%<sup>(e)</sup>** |  |  |  |
| 2500000 | Cumulus Media New Holdings, Inc.<sup>(f)</sup> |  | 6.7500 | &nbsp;&nbsp;&nbsp;07/01/26 | $1525000 |
|  | **REAL ESTATE INVESTMENT TRUSTS** — **0.1%** | **REAL ESTATE INVESTMENT TRUSTS** — **0.1%** |  |  |  |
| 210500 | HC Government Realty Trust, Inc.<sup>(f)</sup> |  | 7.0000 | &nbsp;&nbsp;&nbsp;08/14/27 | 3946875 |
|  | **SPECIALTY FINANCE** — **7.2%** | **SPECIALTY FINANCE** — **7.2%** |  |  |  |
| 20652000 | ACRES Commercial Realty Corporation |  | 5.7500 | &nbsp;&nbsp;&nbsp;08/15/26 | 20355430 |
| 1000000 | Dakota Financial, LLC<sup>(f)</sup> |  | 5.0000 | &nbsp;&nbsp;&nbsp;09/30/26 | 989129 |
| 35000000 | Eagle Point Defensive Income Trust<sup>(h)</sup> | TSFR3M + 3.800% | 7.4670 | &nbsp;&nbsp;&nbsp;04/30/28 | 35059963 |
| 25000000 | Eagle Point Enhanced Income Trust<sup>(h)</sup> | TSFR3M + 4.500% | 8.3520 | &nbsp;&nbsp;&nbsp;11/15/29 | 24758751 |
| 25000000 | EPT 16, LLC<sup>(f)</sup> |  | 7.2500 | &nbsp;&nbsp;&nbsp;08/01/28 | 25000000 |
| 4500000 | Equify Financial, LLC<sup>(f)</sup> |  | 9.5000 | &nbsp;&nbsp;&nbsp;04/30/30 | 4501621 |
| 2000000 | First Help Financial, LLC<sup>(f)</sup> |  | 6.0000 | &nbsp;&nbsp;&nbsp;11/15/26 | 1923690 |
| 2000000 | Franklin BSP Capital Corporation<sup>(f)</sup> |  | 6.0000 | &nbsp;&nbsp;&nbsp;10/02/30 | 1966030 |
| 25000000 | Franklin BSP Realty Trust, Inc.<sup>(f),(h)</sup> | TSFR3M + 4.000% | 7.6710 | &nbsp;&nbsp;&nbsp;04/25/28 | 25297513 |
| 4000000 | InvestCo., LLC / Preston Ventures, LLC / LS Investments, LLC<sup>(f)</sup> |  | 5.1250 | &nbsp;&nbsp;&nbsp;08/13/26 | 3947400 |
| 3250000 | Medallion Financial Corporation B<sup>(f)</sup> |  | 7.2500 | &nbsp;&nbsp;&nbsp;02/26/26 | 3253422 |
| 2000000 | Medallion Financial Corporation<sup>(f)</sup> |  | 7.5000 | &nbsp;&nbsp;&nbsp;12/30/27 | 2013081 |
| 4500000 | MMP Capital, LLC<sup>(f)</sup> |  | 9.5000 | &nbsp;&nbsp;&nbsp;10/18/29 | 4545000 |
| 4000000 | National Funding, Inc.<sup>(f)</sup> |  | 5.7500 | &nbsp;&nbsp;&nbsp;08/31/26 | 3956192 |
| 17228000 | Nexpoint Real Estate Finance, Inc. |  | 5.7500 | &nbsp;&nbsp;&nbsp;05/01/26 | 17044943 |
| 5167548 | PDOF MSN Issuer, LLC<sup>(f),(h)</sup> | SOFRRATE + 4.500% | 8.1500 | &nbsp;&nbsp;&nbsp;03/01/26 | 5130098 |
| 53738000 | ReadyCap Holdings, LLC<sup>(f)</sup> |  | 9.3750 | &nbsp;&nbsp;&nbsp;03/01/28 | 53811186 |
| 2000000 | X-Caliber Funding, LLC<sup>(f)</sup> |  | 5.0000 | &nbsp;&nbsp;&nbsp;03/01/26 | 1998989 |
| 3300000 | X-Caliber Funding, LLC<sup>(f)</sup> |  | 5.0000 | &nbsp;&nbsp;&nbsp;10/15/26 | 3146665 |
|  |  |  |  |  | 238699103 |
|  | **TECHNOLOGY SERVICES** — **1.5%** | **TECHNOLOGY SERVICES** — **1.5%** |  |  |  |
| 50000000 | SARATOGA INVT CORP SR 144A NT 30<sup>(f)</sup> |  | 7.2500 | &nbsp;&nbsp;&nbsp;05/01/30 | 49928434 |
|  | **TOBACCO & CANNABIS** — **0.7%** | **TOBACCO & CANNABIS** — **0.7%** |  |  |  |
| 23000000 | Curaleaf Holdings, Inc.<sup>(f)</sup> |  | 8.0000 | &nbsp;&nbsp;&nbsp;12/15/26 | 23000000 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **TOTAL CORPORATE BONDS (Cost $1,589,733,684)** | **TOTAL CORPORATE BONDS (Cost $1,589,733,684)** |  |  | $1601922714 |
|  | **TERM LOANS — 0.6%** | **TERM LOANS — 0.6%** |  |  |  |
|  | **SOFTWARE** — **0.6%** | **SOFTWARE** — **0.6%** |  |  |  |
| 21824816 | Synchronoss Technologies, Inc.<sup>(h)</sup> | TSFR1M + 7.000% | 11.3190 | &nbsp;&nbsp;&nbsp;04/24/29 | 21197353 |
|  | **TOTAL TERM LOANS (Cost $21,457,007)** | **TOTAL TERM LOANS (Cost $21,457,007)** |  |  | 21197353 |
|  | **U.S. GOVERNMENT & AGENCIES — 4.8%** | **U.S. GOVERNMENT & AGENCIES — 4.8%** |  |  |  |
|  | **U.S. TREASURY INFLATION PROTECTED** — **4.8%** | **U.S. TREASURY INFLATION PROTECTED** — **4.8%** |  |  |  |
| 75586800 | United States Treasury Inflation Indexed Bonds |  | 0.1250 | &nbsp;&nbsp;&nbsp;01/15/30 | 72527256 |
| 86547000 | United States Treasury Inflation Indexed Bonds |  | 1.6250 | &nbsp;&nbsp;&nbsp;04/15/30 | 87867081 |
|  |  |  |  |  | 160394337 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $159,442,420)** | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $159,442,420)** |  |  | 160394337 |
| **Shares** |  | **Expiration Date** | **Exercise Price** |  |  |
|  | **WARRANT — 0.1%** | **WARRANT — 0.1%** |  |  |  |
|  | **ASSET MANAGEMENT - 0.1%** | **ASSET MANAGEMENT - 0.1%** |  |  |  |
| 351012 | B Riley Financial Inc. Com Warrants | 04/01/2032 | $10.00 |  | &nbsp;&nbsp;&nbsp; 2169254 |
|  | **TOTAL WARRANT (Cost $111,622)** | **TOTAL WARRANT (Cost $111,622)** |  |  | &nbsp;&nbsp; 2169254 |

---

---

| | | |
|:---|:---|:---|
| **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** | **HOLBROOK INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 2.5%** |  |
|  | **MONEY MARKET FUNDS - 2.5%** |  |
| 85279609 | First American Government Obligations Fund, Class X, 3.61% (Cost $85,279,609)<sup>(k)</sup> | &nbsp;&nbsp;&nbsp; $85279609 |
|  | **TOTAL INVESTMENTS - 99.5% (Cost $3,324,324,332)** | &nbsp;&nbsp;&nbsp; $3336854056 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.5%** | &nbsp;&nbsp; 16951810 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $3353805866 |

---

---

| | |
|:---|:---|
| CLO | - Collateralized Loan Obligation |
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| LTD | - Limited Company |
| H15T5Y | US Treasury Yield Curve Rate T Note Constant Maturity 5 Year |
| SOFRRATE | United States SOFR Secured Overnight Financing Rate |
| TSFR1M | Term Secured Overnight Financing Rate 1 Month |
| TSFR3M | Term Secured Overnight Financing Rate 3 Month |
| US0003M | ICE LIBOR USD 3 Month |

---

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

<sup>(b)</sup> Illiquid security; total illiquid securities represent 6.2% of net assets.

<sup>(c)</sup> The value of this security has been determined in good faith by Holbrook Holdings Inc. (the "Adviser") as the Valuation Designee pursuant to valuation procedures approved by the Board of Trustees.

<sup>(d)</sup> Affiliated issuer.

<sup>(e)</sup> Percentage rounds to less than 0.1%.

<sup>(f)</sup> Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of January 31, 2026 the total market value of 144A securities is 2,078,030,836 or 62.0% of net assets.

<sup>(g)</sup> Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

<sup>(h)</sup> Variable rate security; the rate shown represents the rate on January 31, 2026.

<sup>(i)</sup> Step bond. Coupon rate is fixed rate that changes on a specified date. The rate shown is the current rate at January 31, 2026.

<sup>(j)</sup> Represents issuer in default on interest payments; non-income producing security.

<sup>(k)</sup> Rate disclosed is the seven day effective yield as of January 31, 2026.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Two Roads Shared Trust

- **b. Investment Company Act file number:** 811-22718

- **c. CIK number of Registrant:** 0001552947

- **d. LEI of Registrant:** 549300REHU8QC2CK4V30

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 402-895-1600

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

- **a. Name of Series:** Holbrook Income Fund

- **b. EDGAR series identifier (if any):** S000054226

- **c. LEI of Series:** 549300I4FYPC6WMGV713

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**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:** $3389383367.80

**Total Liabilities:** $35577501.77

**Net Assets:** $3353805866.03

**Cash Not Reported:** $1216207.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 15611.22575400 | **1-Year:** 141411.15936500 | **5-Year:** 323054.50195300 | **10-Year:** 26969.56810800 | **30-Year:** 565.56193100

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

- **3-Month:** 2076.33315800 | **1-Year:** 73309.99607900 | **5-Year:** 58779.02408200 | **10-Year:** 5804.58867100 | **30-Year:** 1305.42682600

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000170313 | 0.31%                | 0.42%                | 0.60%                |
| Class ID C000170314 | 0.27%                | 0.48%                | 0.45%                |
| Class ID C000228717 | 0.39%                | 0.40%                | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $771518.91               | $-2864877.68                               |
| Month 2  | $502242.70               | $-2303160.23                               |
| Month 3  | $-326679.68              | $449202.92                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACRES Commercial Realty Corp                                                       | ACR 5 3/4 08/15/26      | CUSIP: 00489QAA0<br>LEI: 549300RUJWPCMY4JFR46 | Long             | DBT              | CORP              | US        |  20652000 | PA      | $20355430.46  | 0.61%             | 2026-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Allegro CLO X Ltd.                                                                 | ALLEG 2019-1A CRR       | CUSIP: 01750FAW6<br>LEI: 254900MQVJ2U7KN3HP03 | Long             | ABS-CBDO         | CORP              | KY        |    895000 | PA      | $896625.32    | 0.03%             | 2032-04-20      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Annisa Clo Limited                                                                 | ANNSA 2016-2A DRR       | CUSIP: 036011AW4<br>LEI: 635400B2JX1NQDWJQK96 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003277.00   | 0.03%             | 2031-07-20      | Floating      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| Apex Credit Clo 2018 Ltd                                                           | APEXC 2018-2A CR3       | CUSIP: 03754LBG9<br>LEI: 254900YNP6L0KTS2VO90 | Long             | ABS-CBDO         | CORP              | KY        |   9000000 | PA      | $9006048.00   | 0.27%             | 2031-10-20      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Apex Credit Clo 2018 Ltd                                                           | APEXC 2018-1A CR        | CUSIP: 03755HAS2<br>LEI: 254900YNP6L0KTS2VO90 | Long             | ABS-CBDO         | CORP              | KY        |  18225000 | PA      | $18245102.18  | 0.54%             | 2031-04-25      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XXIV / Apidos CLO XXIV LLC                                              | APID 2016-24A BRR       | CUSIP: 03759CAX8<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |    345000 | PA      | $345776.94    | 0.01%             | 2030-10-20      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| MidCap Financial Investment Corp                                                   | MFIC 4 1/2 07/16/26     | CUSIP: 03761UAH9<br>LEI: 5493005P14I7WFB3FW47 | Long             | DBT              | CORP              | US        |   2695000 | PA      | $2665030.14   | 0.08%             | 2026-07-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Atlas Sr Ln Fd Vii Ltd                                                             | ATCLO 2016-7A CR        | CUSIP: 04941TAY6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7020783.00   | 0.21%             | 2031-11-27      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Atlas Senior Loan Fund XI Ltd                                                      | ATCLO 2018-11A B        | CUSIP: 04941YAJ8<br>LEI: 635400RPGP64VI1SZW03 | Long             | ABS-CBDO         | CORP              | KY        |   5500000 | PA      | $5510565.50   | 0.16%             | 2031-07-26      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Atlas Senior Loan Fund XI Ltd                                                      | ATCLO 2018-11A C        | CUSIP: 04941YAL3<br>LEI: 635400RPGP64VI1SZW03 | Long             | ABS-CBDO         | CORP              | KY        |  11875000 | PA      | $11963492.50  | 0.36%             | 2031-07-26      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Atlas Senior Loan Fund X Ltd/Llc                                                   | ATCLO 2018-10A C        | CUSIP: 04942JAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  21100000 | PA      | $21251054.90  | 0.63%             | 2031-01-15      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Atlas Senior Loan Fund XII Ltd.                                                    | ATCLO 2018-12A C        | CUSIP: 04942UAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  23750000 | PA      | $23955413.75  | 0.71%             | 2031-10-24      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Atlas Senior Secured Loan Fund VIII Ltd/Llc                                        | ATCLO 2017-8A C         | CUSIP: 04943AAG4<br>LEI: 2549008VGBH29LRDN709 | Long             | ABS-CBDO         | CORP              | KY        |    412837 | PA      | $413106.23    | 0.01%             | 2030-01-16      | Floating      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| Brc Group Holdings Inc.                                                            | RILY 8 01/01/28         | CUSIP: 05580MAC2<br>LEI: 529900LRQ75IKIPK4990 | Long             | DBT              | CORP              | US        |  87753000 | PA      | $84681645.00  | 2.52%             | 2028-01-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST 2021-WILL                                                                | BPR 2021-WILL A         | CUSIP: 05591VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6578604 | PA      | $6575809.19   | 0.20%             | 2038-06-15      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                 | BX 2019-IMC E           | CUSIP: 05608BAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22440000 | PA      | $22088057.77  | 0.66%             | 2034-04-15      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Babcock & Wilcox Enterprises Inc.                                                  | BW 8.75 06/30/30        | CUSIP: 05614LAB6<br>LEI: 5493006H661OZN2C0T54 | Long             | DBT              | CORP              | US        |  62068000 | PA      | $62184377.50  | 1.85%             | 2030-06-30      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Babson CLO 2015-I LLC                                                              | BABSN 2015-IA DR        | CUSIP: 056162AU4<br>LEI: 549300QR3VQZ1T0JUI29 | Long             | ABS-CBDO         | CORP              | KY        |  13400000 | PA      | $13442437.80  | 0.40%             | 2031-01-20      | Floating      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit Clo 2018-2 Limited                                             | BCC 2018-2A CR          | CUSIP: 05682VAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |  37000000 | PA      | $37045066.00  | 1.10%             | 2031-07-19      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Barings BDC Inc.                                                                   | BBDC 5.2 09/15/28       | CUSIP: 06759LAE3<br>LEI: 549300GSF4KFZP6ONG49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1993546.32   | 0.06%             | 2028-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BlackRock TCP Capital Corp.                                                        | TCPC 6.95 05/30/29      | CUSIP: 09259EAC2<br>LEI: 549300JU1XG1HF56J989 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2658139.56   | 0.08%             | 2029-05-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp.                                                  | OTF 6.1 03/15/28        | CUSIP: 095924AB2<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9646903.25   | 0.29%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO 2014-2 Ltd.                                                       | BLUEM 2014-2A BR2       | CUSIP: 09626QBC0<br>LEI: 549300NUS8PQQUZMPR50 | Long             | ABS-CBDO         | CORP              | KY        |  10750000 | PA      | $10792193.75  | 0.32%             | 2030-10-20      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2013-2 Ltd.                                                       | BLUEM 2013-2A CR        | CUSIP: 09626YAU4<br>LEI: 549300KGXMRFX2DKIX03 | Long             | ABS-CBDO         | CORP              | KY        |   2337500 | PA      | $2341312.46   | 0.07%             | 2030-10-22      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2013-2 Ltd.                                                       | BLUEM 2013-2A DR        | CUSIP: 09626YAW0<br>LEI: 549300KGXMRFX2DKIX03 | Long             | ABS-CBDO         | CORP              | KY        |   3830000 | PA      | $3853037.45   | 0.11%             | 2030-10-22      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2015-3 Ltd.                                                       | BLUEM 2015-3A BR        | CUSIP: 09628JAQ4<br>LEI: 5493009UJ1T6R11V4458 | Long             | ABS-CBDO         | CORP              | KY        |  22750000 | PA      | $22911479.50  | 0.68%             | 2031-04-20      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2015-3 Ltd.                                                       | BLUEM 2015-3A CR        | CUSIP: 09628JAS0<br>LEI: 5493009UJ1T6R11V4458 | Long             | ABS-CBDO         | CORP              | KY        |   4750000 | PA      | $4774353.25   | 0.14%             | 2031-04-20      | Floating      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2015-4 Ltd.                                                       | BLUEM 2015-4A DR2       | CUSIP: 09628NBC5<br>LEI: 549300EB3KHH9T7ICE44 | Long             | ABS-CBDO         | CORP              | KY        |  15000000 | PA      | $15029880.00  | 0.45%             | 2030-04-20      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO 2016-3 Ltd.                                                       | BLUEM 2016-3A BR        | CUSIP: 09628VAQ7<br>LEI: 549300EYIDIF4X8MHI21 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2504825.00   | 0.07%             | 2030-11-15      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO 2016-3 Ltd.                                                       | BLUEM 2016-3A CR        | CUSIP: 09628VAS3<br>LEI: 549300EYIDIF4X8MHI21 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1303624.40   | 0.04%             | 2030-11-15      | Floating      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain Fuji US CLO I Ltd.                                                    | BLUEM 2017-2A A2        | CUSIP: 09629EAE1<br>LEI: 549300XC3G26BPOECZ28 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2503972.50   | 0.07%             | 2030-10-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain Fuji US CLO I Ltd.                                                    | BLUEM 2017-2A B         | CUSIP: 09629EAG6<br>LEI: 549300XC3G26BPOECZ28 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002565.00   | 0.03%             | 2030-10-20      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO XXII LLC                                                          | BLUEM 2018-22A B        | CUSIP: 09629PAE6<br>LEI: 5493001B57JU7XEJXM59 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004259.00   | 0.03%             | 2031-07-15      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO XXII LLC                                                          | BLUEM 2018-22A C        | CUSIP: 09629PAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6063000 | PA      | $6071360.88   | 0.18%             | 2031-07-15      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO Ltd.                                                              | BLUEM 218-1A B          | CUSIP: 09629TAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1152203.52   | 0.03%             | 2030-07-30      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO Ltd.                                                              | BLUEM 2018-1A C         | CUSIP: 09629TAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3520000 | PA      | $3529187.20   | 0.11%             | 2030-07-30      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2018-3 LLC                                                        | BLUEM 2018-2A B         | CUSIP: 09629VAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8500000 | PA      | $8531450.00   | 0.25%             | 2031-08-15      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2018-3 LLC                                                        | BLUEM 2018-2A C         | CUSIP: 09629VAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  22430000 | PA      | $22619376.49  | 0.67%             | 2031-08-15      | Floating      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2018-3 LTD/LLC                                                    | BLUEM 2018-3A C         | CUSIP: 09630AAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5600000 | PA      | $5615052.80   | 0.17%             | 2030-10-25      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2018-3 LTD/LLC                                                    | BLUEM 2018-3A BR        | CUSIP: 09630AAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1804782.60   | 0.05%             | 2030-10-25      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| BOSTON LENDING TRUST                                                               | BOLD 2022-2 A           | CUSIP: 10085BAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3373118 | PA      | $3271552.39   | 0.10%             | 2062-05-25      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Briggs & Stratton Corporation                                                      | BGG 6 7/8 12/15/20      | CUSIP: 109043AG4<br>LEI: 549300OYTIWYSPR42284 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $9375.00      | 0.00%             | 2020-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CIFC Funding 2012-III Ltd.                                                         | CIFC 2017-4A A2R        | CUSIP: 12551JAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4885000 | PA      | $4890705.68   | 0.15%             | 2030-10-24      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Comm 2016 Cor1 Mgt                                                                 | COMM 2016-COR1 B        | CUSIP: 12594MBE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6496578.90   | 0.19%             | 2049-10-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO 2014-1 Ltd.                                                     | CANYC 2014-1A BR        | CUSIP: 13875LAS7<br>LEI: 549300W778MFSPI8C872 | Long             | ABS-CBDO         | CORP              | KY        |   8665000 | PA      | $8725377.72   | 0.26%             | 2031-01-30      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Canyon Capital Clo Ltd.                                                            | CANYC 2012-1RA C        | CUSIP: 13876JAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1850000 | PA      | $1854488.10   | 0.06%             | 2030-07-15      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Canyon Clo 2016-2. Ltd                                                             | CANYC 2016-2A BR        | CUSIP: 13876VAN5<br>LEI: 549300EKYC11MTYD8M47 | Long             | ABS-CBDO         | CORP              | US        |   2758000 | PA      | $2765614.84   | 0.08%             | 2031-10-15      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Canyon Clo 2016-1 Ltd.                                                             | CANYC 2018-1A B         | CUSIP: 13877BAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5015235.00   | 0.15%             | 2031-07-15      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Canyon CLO 2016-1 Ltd / Canyon CLO 2016-1 LLC                                      | CANYC 2016-1A BR        | CUSIP: 13887PAM7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    290000 | PA      | $290689.04    | 0.01%             | 2031-07-15      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Canyon CLO 2016-1 Ltd / Canyon CLO 2016-1 LLC                                      | CANYC 2016-1A CR        | CUSIP: 13887PAP0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1753675.00   | 0.05%             | 2031-07-15      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Canyon CLO 2016-1 Ltd / Canyon CLO 2016-1 LLC                                      | CANYC 2016-1A DR        | CUSIP: 13887PAR6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |         0 | PA      | $0.00         | 0.00%             | 2031-07-15      | Floating      | 6.73%                 | Yes           |                  2 | On Loan: No      |
| Capital Southwest Corporation                                                      | CSWC 5.95 09/18/30      | CUSIP: 140501AF4<br>LEI: 54930023YZ4YEJEDBO56 | Long             | DBT              | RF                | US        |   2000000 | PA      | $2002200.00   | 0.06%             | 2030-09-18      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Catamaran CLO Ltd. 2014-1 Ltd.                                                     | CRMN 2014-1A BR         | CUSIP: 14889DAQ1<br>LEI: 549300C8Q7ISEHHDRH76 | Long             | ABS-CBDO         | CORP              | KY        |   7476000 | PA      | $7512310.93   | 0.22%             | 2030-04-22      | Floating      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| Charah Solutions Inc                                                               | CHRA 8 1/2              | CUSIP: 15957P204<br>LEI: 549300I6O29493834F54 | Long             | EP               | CORP              | US        |   2291832 | NS      | $50420304.00  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Chenango Park CLO Ltd                                                              | CHPRK 2018-1A CR        | CUSIP: 16409TAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6218000 | PA      | $6259088.54   | 0.19%             | 2030-04-15      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| CION Investment Corp.                                                              | CION 7.41 12/15/27      | CUSIP: 17259UAC9<br>LEI: 549300XN70JLF94XKX80 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $39571248.80  | 1.18%             | 2027-12-15      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| Crescent Capital BDC, Inc.                                                         | CCABDC 5                | CUSIP: 225655208<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EP               | CORP              | US        |    253781 | NS      | $6339449.38   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN POINT CLO 4 Ltd                                                              | CRNPT 2018-4A C         | CUSIP: 22845XAJ9<br>LEI: 549300735PG2ZC70V672 | Long             | ABS-CBDO         | CORP              | KY        |   8650000 | PA      | $8710524.05   | 0.26%             | 2031-04-20      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Cumulus Media New Holdings Inc                                                     | CUMINT 6 3/4 07/01/26   | CUSIP: 23110AAA4<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1525000.00   | 0.05%             | 2026-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Curaleaf Holdings Inc                                                              | CURACN 8 12/15/26       | CUSIP: 23126MAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  23000000 | PA      | $23000000.00  | 0.69%             | 2026-12-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Dakota Financial Llc                                                               | DAKFIN 5 09/30/26       | CUSIP: 23422TAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989128.75    | 0.03%             | 2026-09-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Dryden 40 Senior Loan Fund Limited Liability Company                               | DRSLF 2015-40A CR2      | CUSIP: 26244GAW5<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | KY        |  11000000 | PA      | $11043989.00  | 0.33%             | 2031-08-15      | Floating      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Dryden 41 Senior Loan Fund LLC                                                     | DRSLF 2015-41A CR       | CUSIP: 26244KAS5<br>LEI: 5493000CMI5L15ZSNM78 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501433.50    | 0.01%             | 2031-04-15      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Dryden 45 Senior Loan Fund                                                         | DRSLF 2016-45A DRR      | CUSIP: 26244MBE1<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7052703.00   | 0.21%             | 2030-10-15      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2017-49A BR       | CUSIP: 26244QAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1570000 | PA      | $1574520.03   | 0.05%             | 2030-07-18      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2017-49A CR       | CUSIP: 26244QAS2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2506922.50   | 0.07%             | 2030-07-18      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Dryden 37 Senior Loan Fund                                                         | DRSLF 2017-54A C        | CUSIP: 26244RAC5<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-CBDO         | CORP              | KY        |  14605000 | PA      | $14687591.28  | 0.44%             | 2029-10-19      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fnd                                                             | DRSLF 2018-55A C        | CUSIP: 26245MAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15350000 | PA      | $15392442.75  | 0.46%             | 2031-04-15      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2013-30A DR       | CUSIP: 26249BAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1362500 | PA      | $1366737.38   | 0.04%             | 2028-11-15      | Floating      | 6.71%                 | Yes           |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2018-64A C        | CUSIP: 26251LAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12000000 | PA      | $12088248.00  | 0.36%             | 2031-04-18      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2018-64A D        | CUSIP: 26251LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7500000 | PA      | $7561372.50   | 0.23%             | 2031-04-18      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Dryden 60 clo ltd/llc                                                              | DRSLF 2018-60A B        | CUSIP: 26251NAC4<br>LEI: 549300KI3ILQQHC87U86 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5009590.00   | 0.15%             | 2031-07-15      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Ecp Clo 2015-7 Ltd/Llc                                                             | GLGU 2018-1A A2R        | CUSIP: 26829CBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    568763 | PA      | $569089.69    | 0.02%             | 2030-04-22      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Ept 16 LLC                                                                         | EPTLLC 7 1/4 08/01/28   | CUSIP: 26889BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.75%             | 2028-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Eagle Point Enhanced Income Trust                                                  | EAGLPO Float 11/15/29   | CUSIP: 269806AA3<br>LEI: 254900X2NX42WZSOAZ97 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24758751.25  | 0.74%             | 2029-11-15      | Floating      | 8.35%                 | No            |                  2 | On Loan: No      |
| Eagle Point Defensive Income Trust                                                 | EGPNTD FLOAT 04/30/28   | CUSIP: 26982MAA6<br>LEI: 254900J2H3BOAUD0N649 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $35059963.40  | 1.05%             | 2028-04-30      | Floating      | 7.64%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance CLO 2015-1 LLC                                                         | EATON 2015-1A DR        | CUSIP: 27830KBA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6600000 | PA      | $6622954.80   | 0.20%             | 2030-01-20      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance Clo 2014-1 Ltd                                                         | EATON 2014-1RA C        | CUSIP: 27830TAG0<br>LEI: 549300FGUQU2JZ0I6P32 | Long             | ABS-CBDO         | CORP              | KY        |   2539000 | PA      | $2539000.00   | 0.08%             | 2030-07-15      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Elevation CLO 2018-10 Ltd.                                                         | AWPT 2018-10A DR        | CUSIP: 28623CAS0<br>LEI: 5493005Q4N14IP6ASK07 | Long             | ABS-CBDO         | CORP              | KY        |   9800000 | PA      | $9857418.20   | 0.29%             | 2031-10-20      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Ellington Clo Ii Llc                                                               | ECLO 2017-2A C          | CUSIP: 28852EAE9<br>LEI: 254900YE647HYXEP3N43 | Long             | ABS-CBDO         | CORP              | US        |   2994671 | PA      | $2996096.14   | 0.09%             | 2029-02-15      | Floating      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| Ellington Clo I Limted                                                             | ECLO 2018-3A C          | CUSIP: 28852LAJ2<br>LEI: 254900V20GCNJI0I7591 | Long             | ABS-CBDO         | CORP              | KY        |   3876481 | PA      | $3884110.24   | 0.12%             | 2030-07-20      | Floating      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Enstar Group Ltd                                                                   | ESGR 7 PERP             | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |     15323 | NS      | $367752.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equify Financial LLC                                                               | EQUIFY 9 1/2 04/30/30   | CUSIP: 29446PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4501621.35   | 0.13%             | 2030-04-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                                       | FMMSR 2022-GT1 A        | CUSIP: 30259RAM7<br>LEI: 549300LYRWPSYPK6S325 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2011235.60   | 0.06%             | 2027-04-25      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| FS KKR Capital Corp                                                                | FSK 3 1/8 10/12/28      | CUSIP: 302635AK3<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |  17674000 | PA      | $16318446.09  | 0.49%             | 2028-10-12      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FS KKR Capital Corp                                                                | FSK 7 7/8 01/15/29      | CUSIP: 302635AM9<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   3890000 | PA      | $4026466.96   | 0.12%             | 2029-01-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                                     | FREMF 2016-K56 C        | CUSIP: 30289UAU6<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   2100000 | PA      | $2089160.01   | 0.06%             | 2049-06-25      | Floating      | 3.93%                 | Yes           |                  2 | On Loan: No      |
| Fremf Mtg Tr 2016-K57                                                              | FREMF 2016-K57 C        | CUSIP: 30295DAJ1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   2000000 | PA      | $1987129.60   | 0.06%             | 2049-08-25      | Floating      | 3.94%                 | Yes           |                  2 | On Loan: No      |
| Fidus Investment Corporation                                                       | FDUS 3 1/2 11/15/26     | CUSIP: 316500AC1<br>LEI: 549300836CRWCROFBC02 | Long             | DBT              | CORP              | US        |  11964000 | PA      | $11732493.97  | 0.35%             | 2026-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fidus Investment Corporation                                                       | FDUS 6 3/4 03/19/30     | CUSIP: 316500AD9<br>LEI: 549300836CRWCROFBC02 | Long             | DBT              | CORP              | US        |  34503000 | PA      | $34218773.95  | 1.02%             | 2030-03-19      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| First American Funds Inc.                                                          | FRST AM-GV OB-X         | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  86007353 | PA      | $86007352.86  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| First Help Financial LLC                                                           | FIHEFI 6 11/15/26       | CUSIP: 32050FAA6<br>LEI: 549300N8R7JO1WEZGT69 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1923689.58   | 0.06%             | 2026-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| First Maryland Capital I                                                           | MTB Float 01/15/27      | CUSIP: 320808AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3961856.44   | 0.12%             | 2027-01-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| First Maryland Capital II                                                          | MTB Float 02/01/27      | CUSIP: 32082CAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18114000 | PA      | $17974129.13  | 0.54%             | 2027-02-01      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| 522 Funding Clo 2018-3(A) Ltd.                                                     | MORGN 2018-3A CR        | CUSIP: 33835NAE1<br>LEI: 635400CQOZFHCREPDQ50 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501078.50    | 0.01%             | 2031-10-20      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Fortress Credit Bsl VI Ltd.                                                        | FCBSL 2018-1A CR        | CUSIP: 34955YAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  31250000 | PA      | $31476906.25  | 0.94%             | 2031-07-23      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Fortress Credit Bsl VI Ltd.                                                        | FCBSL 2018-1A DR        | CUSIP: 34955YAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11750000 | PA      | $11859780.25  | 0.35%             | 2031-07-23      | Floating      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                                                        | FCBSL 2019-1A CR        | CUSIP: 34956NAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    995000 | PA      | $997354.17    | 0.03%             | 2032-07-23      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL VIII LTD                                                       | FCBSL 2019-2A CR        | CUSIP: 34962DAU0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    290000 | PA      | $290374.10    | 0.01%             | 2032-10-20      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Franklin Bsp Realty Trust Inc                                                      | FBRT Float 04/25/28     | CUSIP: 35243JAC5<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25297513.25  | 0.75%             | 2028-04-25      | Floating      | 7.67%                 | Yes           |                  2 | On Loan: No      |
| Franklin Bsp Capital Corp.                                                         | FRBP 6 10/02/30         | CUSIP: 35250VAC8<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1966030.16   | 0.06%             | 2030-10-02      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Gladstone Capital Corporation                                                      | GLAD 5 7/8 10/01/30     | CUSIP: 376535AG5<br>LEI: 549300AWMOT9JR1SIJ74 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3377500.00   | 0.10%             | 2030-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Gladstone Investment Corporation                                                   | GAIN 5                  | CUSIP: 376546800<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |   1154746 | NS      | $28845555.08  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Investment Corporation                                                   | GAIN 6 7/8 11/01/28     | CUSIP: 376546AC1<br>LEI: 549300HFFTVIBC98Z362 | Long             | DBT              | CORP              | US        |  57000000 | PA      | $57676263.96  | 1.72%             | 2028-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Greystone Sdof Pfd Equity LLC                                                      | GRSDOF 6 3/4            | CUSIP: 39808B206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    288000 | NS      | $7176960.00   | 0.21%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HRR FDG LCC 2021                                                                   | HRR 2021-1 B            | CUSIP: 40390PAB4<br>LEI: 549300VSTRU4XB27Q639 | Long             | ABS-O            | CORP              | US        |   2175080 | PA      | $1027725.29   | 0.03%             | 2036-12-20      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| HC Government Realty Trust Inc.                                                    | HCGRTI 7                | CUSIP: 40417L205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    210500 | NS      | $3946875.00   | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Hps Loan Management 3-2014 Ltd & Hps Loan Management 3-2014 Llc                    | HLM 3A-2014 BR          | CUSIP: 40436XAG2<br>LEI: 5493006ZY0SLETMEU160 | Long             | ABS-CBDO         | CORP              | KY        |    135126 | PA      | $135284.40    | 0.00%             | 2029-07-18      | Floating      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Halcyon Ln Advisors Fdg 2018-2 Ltd/Llc                                             | HLA 2018-2A B           | CUSIP: 40490AAG5<br>LEI: 549300OG6D5MQUG20S28 | Long             | ABS-CBDO         | CORP              | KY        |  11650000 | PA      | $11674523.25  | 0.35%             | 2031-01-22      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| Horizon Technology Finance Corporation                                             | HRZN 7 12/15/28         | CUSIP: 44045AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  57500000 | PA      | $58109500.00  | 1.73%             | 2028-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Hudson's Bay Simon JV Trust                                                        | HBCT 2015-HB10 B10      | CUSIP: 44422PBW1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5520000 | PA      | $5489690.23   | 0.16%             | 2034-08-05      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| ICG US CLO 2014-2 Ltd./ICG US CLO 2014-2 LLC                                       | ICG 2014-2A DRR         | CUSIP: 44929BBC4<br>LEI: 635400O9MVLOIBCDSR77 | Long             | ABS-CBDO         | CORP              | KY        |  13282000 | PA      | $13343429.25  | 0.40%             | 2031-01-15      | Floating      | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Imperial Fund Mortgage Trust 2022-NQM7                                             | IMPRL 2022-NQM7 A1      | CUSIP: 452763AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2355036 | PA      | $2369186.31   | 0.07%             | 2067-11-25      | Floating      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| Investcorp CR Mgmt BDC Inc                                                         | ICMB 4 7/8 04/01/26     | CUSIP: 46090RAA2<br>LEI: 549300ZRNRCSKPLGYQ55 | Long             | DBT              | CORP              | US        |  21233000 | PA      | $21142209.60  | 0.63%             | 2026-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Investco Llc                                                                       | INVECO 5 1/8 08/13/26   | CUSIP: 46090UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3947400.00   | 0.12%             | 2026-08-13      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Jamestown Clo Limited                                                              | JTWN 2018-11A A2        | CUSIP: 47049QAC0<br>LEI: 549300ICXRO4NIJIWJ29 | Long             | ABS-CBDO         | CORP              | KY        |   2800000 | PA      | $2806216.00   | 0.08%             | 2031-07-14      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| JEFFERSON MILL CLO LTD                                                             | JEFFM 2015-1A CRR       | CUSIP: 47421MBN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12400000 | PA      | $12448843.60  | 0.37%             | 2031-10-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| KKR Financial Clo 2007-1 Ltd.                                                      | KKR 9 CR2               | CUSIP: 48250LBA6<br>LEI: 549300RPPW8PYLILSB67 | Long             | ABS-CBDO         | CORP              | KY        |  25500000 | PA      | $25641805.50  | 0.76%             | 2030-07-15      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Kkr Financial Clo 18 Ltd.                                                          | KKR 11 CR               | CUSIP: 48250MAM9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  18250000 | PA      | $18289693.75  | 0.55%             | 2031-01-15      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Kkr Financial Clo 18 Ltd.                                                          | KKR 12 DR2              | CUSIP: 48250RBL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5027595.00   | 0.15%             | 2030-10-15      | Floating      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| Kkr Financial Clo 18 Ltd.                                                          | KKR 12 BR2              | CUSIP: 48250RBN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1125185 | PA      | $1127212.56   | 0.03%             | 2030-10-15      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Kkr Financial Clo 18 Ltd.                                                          | KKR 15 CR2              | CUSIP: 48251MBG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4509112.50   | 0.13%             | 2032-01-18      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Kkr Financial Clo 18 Ltd.                                                          | KKR 15 DR2              | CUSIP: 48251MBJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |         0 | PA      | $0.00         | 0.00%             | 2032-01-18      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Kkr Clo 20 Ltd 2017-20                                                             | KKR 20 DR               | CUSIP: 48251TAL5<br>LEI: 549300HJX0LGFQYWTF96 | Long             | ABS-CBDO         | CORP              | KY        |  11000000 | PA      | $11087769.00  | 0.33%             | 2030-10-16      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| Kkr Clo 21 Ltd                                                                     | KKR 21 C                | CUSIP: 48252KAE9<br>LEI: 5493008X0MRR4A6VYF15 | Long             | ABS-CBDO         | CORP              | US        |  14116000 | PA      | $14218199.84  | 0.42%             | 2031-04-15      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Kkr Clo 21 Ltd                                                                     | KKR 21 D                | CUSIP: 48252KAG4<br>LEI: 5493008X0MRR4A6VYF15 | Long             | ABS-CBDO         | CORP              | US        |   4522000 | PA      | $4543732.73   | 0.14%             | 2031-04-15      | Floating      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| KKR CLO 24 LTD                                                                     | KKR 24 BR               | CUSIP: 48252RAQ7<br>LEI: 549300LGO0WGOG6NE245 | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1605747.20   | 0.05%             | 2032-04-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Kkr Clo  Ltd                                                                       | KKR 22A B               | CUSIP: 48252WAC7<br>LEI: 549300GKHET0CQ690V42 | Long             | ABS-CBDO         | CORP              | KY        |   2150000 | PA      | $2155310.50   | 0.06%             | 2031-07-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Kuvare United States Holdings Inc                                                  | KUVARE 7 02/17/51       | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | DBT              | CORP              | US        |  58241000 | PA      | $58166562.18  | 1.73%             | 2051-02-17      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Lcm XVII LP                                                                        | LCM 17A BRR             | CUSIP: 50190AAR3<br>LEI: 549300K6S4MWQOINB710 | Long             | ABS-CBDO         | CORP              | KY        |   1424431 | PA      | $1425362.94   | 0.04%             | 2031-10-15      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Lcm XVII LP                                                                        | LCM 17A CRR             | CUSIP: 50190AAT9<br>LEI: 549300K6S4MWQOINB710 | Long             | ABS-CBDO         | CORP              | KY        |   8330000 | PA      | $8350208.58   | 0.25%             | 2031-10-15      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Lcm 27 LLC                                                                         | LCM 27A C               | CUSIP: 50200JAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4600000 | PA      | $4621118.60   | 0.14%             | 2031-07-16      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| LCM 28 LTD / LCM 28 LLC                                                            | LCM 28A B               | CUSIP: 50200WAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    137289 | PA      | $137411.22    | 0.00%             | 2030-10-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Lcm 30 Ltd / Lcm 30 Llc                                                            | LCM 30A CR              | CUSIP: 50200YAU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5750000 | PA      | $5776519.00   | 0.17%             | 2031-04-20      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| LCM 29 Ltd / LCM 29 LLC                                                            | LCM 29A BR              | CUSIP: 50201MAS2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1190000 | PA      | $1191877.82   | 0.04%             | 2031-04-15      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| BCP Investment Corp.                                                               | LRFC 5 1/4 10/30/26     | CUSIP: 541098AB5<br>LEI: 254900YM5BVQKA01I468 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $17906400.00  | 0.53%             | 2026-10-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MP CLO VII LLC                                                                     | MP7 2015-1A DRR         | CUSIP: 55320RAN7<br>LEI: 5493005EOEZ6JX072G15 | Long             | ABS-CBDO         | CORP              | KY        |   7250352 | PA      | $7277373.91   | 0.22%             | 2028-10-18      | Floating      | 6.88%                 | Yes           |                  2 | On Loan: No      |
| MMP Capital LLC                                                                    | MMPCAP 9 1/2 10/18/29   | CUSIP: 55330PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4545000.00   | 0.14%             | 2029-10-18      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding XXIV Ltd                                                      | MDPK 2016-24A CR2       | CUSIP: 55820NBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1190000 | PA      | $1191345.89   | 0.04%             | 2029-10-20      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Main Street Capital Corp.                                                          | MAIN 6.95 03/01/29      | CUSIP: 56035LAH7<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9407189.07   | 0.28%             | 2029-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Medallion Financial Corp.                                                          | MFIN 7 1/2 12/30/27     | CUSIP: 583928AE6<br>LEI: 549300FJ4FMGJ2C34Y48 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2013081.00   | 0.06%             | 2027-12-30      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Medallion Financial Corp.                                                          | MFIN 7 1/4 02/26/26     | CUSIP: 583928AG1<br>LEI: 549300FJ4FMGJ2C34Y48 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3253422.25   | 0.10%             | 2026-02-26      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Mjx Venture Management Ii Llc                                                      | VENTR 2017-28RR BF      | CUSIP: 60689WAM3<br>LEI: 549300WMOGGIXRH33849 | Long             | ABS-CBDO         | CORP              | IE        |    748953 | PA      | $748197.33    | 0.02%             | 2030-07-22      | Fixed         | 3.78%                 | Yes           |                  2 | On Loan: No      |
| Mjx Venture Management Ii Llc                                                      | VENTR 2014-18RR D       | CUSIP: 60689WBX8<br>LEI: 549300WMOGGIXRH33849 | Long             | ABS-CBDO         | CORP              | IE        |    695520 | PA      | $691655.36    | 0.02%             | 2029-10-16      | Floating      | 7.68%                 | Yes           |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                    | VENTR 2017-30RR A2      | CUSIP: 60689WCB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1653945.15   | 0.05%             | 2031-01-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                    | VENTR 2015-22RR B       | CUSIP: 60689WCX7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3375000 | PA      | $3348804.94   | 0.10%             | 2031-01-16      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                    | VENTR 2015-22RR C       | CUSIP: 60689WCZ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1875000 | PA      | $1842093.56   | 0.05%             | 2031-01-16      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                    | VENTR 2015-22RR D       | CUSIP: 60689WDB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1675000 | PA      | $1577533.76   | 0.05%             | 2031-01-16      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPTAL 24-BPR2                                                      | MSC 2024-BPR2 A         | CUSIP: 61776EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11995430 | PA      | $12613863.71  | 0.38%             | 2029-05-05      | Fixed         | 7.29%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPTAL 24-BPR2                                                      | MSC 2024-BPR2 B         | CUSIP: 61776EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  30625000 | PA      | $32696208.56  | 0.97%             | 2029-05-05      | Fixed         | 8.54%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPTAL 24-BPR2                                                      | MSC 2024-BPR2 C         | CUSIP: 61776EAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6600000 | PA      | $6900846.48   | 0.21%             | 2029-05-05      | Floating      | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Mountain View CLO IX Ltd.                                                          | MVW 2015-9A A2R         | CUSIP: 62432BAQ6<br>LEI: 549300URXZ1TS31FK720 | Long             | ABS-CBDO         | CORP              | KY        |    520890 | PA      | $521680.37    | 0.02%             | 2031-07-15      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO                                                                  | MVEW 2016-1A B1R2       | CUSIP: 62432FAT1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3008208.00   | 0.09%             | 2033-04-14      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO                                                                  | MVEW 2016-1A CR2        | CUSIP: 62432FAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3755677.50   | 0.11%             | 2033-04-14      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Mountain View CLO IX Ltd.                                                          | MVEW 2017-2A C          | CUSIP: 62432LAE1<br>LEI: 549300URXZ1TS31FK720 | Long             | ABS-CBDO         | CORP              | KY        |    467619 | PA      | $467910.25    | 0.01%             | 2031-01-16      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| National Commerce Capital Trust I                                                  | TFC Float 04/01/27      | CUSIP: 635454AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6955453.54   | 0.21%             | 2027-04-01      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| National Funding Inc                                                               | NATLFD 5 3/4 08/31/26   | CUSIP: 636190AA8<br>LEI: 254900M755T2IVN0F977 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3956192.40   | 0.12%             | 2026-08-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| New Mountain Finance Corporation                                                   | NMFC 6 7/8 02/01/29     | CUSIP: 647551AF7<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2039518.38   | 0.06%             | 2029-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| New Mountain Finance Corporation                                                   | NMFC 6.2 10/15/27       | CUSIP: 647551AG5<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |  42580000 | PA      | $43115969.36  | 1.29%             | 2027-10-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Newark BSL CLO 2 Ltd                                                               | NBCLO 2017-1A BR        | CUSIP: 65023PAS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3650000 | PA      | $3658453.40   | 0.11%             | 2030-07-25      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| NewtekOne Inc                                                                      | NEWT 8 3/8 04/01/30     | CUSIP: 652526AE4<br>LEI: 549300YLU78IA8GKJ688 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2011198.84   | 0.06%             | 2030-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| NexBank Capital, Inc.                                                              | NEXBAN FLOAT PERP       | CUSIP: 65341T305<br>LEI: 549300H29S945S4X7A03 | Long             | EP               | CORP              | US        |     56000 | PA      | $56560000.00  | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexpoint Real Estate Finance Inc                                                   | NREF 5 3/4 05/01/26     | CUSIP: 65342VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17228000 | PA      | $17044942.68  | 0.51%             | 2026-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Northwoods Capital XII-B Ltd. / Northwoods Capital XII-B LLC                       | WOODS 2018-12BA CR      | CUSIP: 66858CAS6<br>LEI: 549300R06FSYRU75ZW78 | Long             | ABS-CBDO         | CORP              | KY        |  12350000 | PA      | $12362424.10  | 0.37%             | 2031-06-15      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| Northwoods Capital XVII                                                            | WOODS 2018-17A C        | CUSIP: 66860PAE4<br>LEI: 549300VSNJNLNM3KF997 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1502556.00   | 0.04%             | 2031-04-22      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Northwoods Capital XVII                                                            | WOODS 2018-17A D        | CUSIP: 66860PAG9<br>LEI: 549300VSNJNLNM3KF997 | Long             | ABS-CBDO         | CORP              | KY        |   8500000 | PA      | $8555360.50   | 0.26%             | 2031-04-22      | Floating      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO 2014-5 Ltd.                                                                | OCP 2014-5A BR          | CUSIP: 67102SAQ7<br>LEI: 254900NXH68CRC058O44 | Long             | ABS-CBDO         | CORP              | KY        |   3505000 | PA      | $3511431.68   | 0.10%             | 2031-04-26      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| OFS Cap Corp                                                                       | OFS 7 1/2               | CUSIP: 67103B803<br>LEI: 549300XTK3HSWPDBJD13 | Long             | EP               | RF                | US        |    523281 | NS      | $13286104.59  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| OFS Cap Corp                                                                       | OFS 4 3/4 02/10/26      | CUSIP: 67103BAA8<br>LEI: 549300XTK3HSWPDBJD13 | Long             | DBT              | RF                | US        |   3479000 | PA      | $3479118.15   | 0.10%             | 2026-02-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ozlm Vi                                                                            | OZLM 2014-6A B1T        | CUSIP: 67108LBP7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3595000 | PA      | $3600820.31   | 0.11%             | 2031-04-17      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Ozlm Vi                                                                            | OZLM 2014-6A CT         | CUSIP: 67108LBR3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  16470000 | PA      | $16526673.27  | 0.49%             | 2031-04-17      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| Ozlm XXII Ltd / Ozlm XXII LLC                                                      | OZLM 2018-22A B         | CUSIP: 67111VAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400255.60    | 0.01%             | 2031-01-17      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Ozlm XXII Ltd / Ozlm XXII LLC                                                      | OZLM 2018-22A C         | CUSIP: 67111VAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5642000 | PA      | $5663225.20   | 0.17%             | 2031-01-17      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Ozlm XXI Ltd. / Ozlm XXI LLC                                                       | OZLM 2017-21A C         | CUSIP: 67112AAG6<br>LEI: 5493002HF6D1C4B1AK86 | Long             | ABS-CBDO         | CORP              | KY        |   4305000 | PA      | $4322301.80   | 0.13%             | 2031-01-20      | Floating      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| Ozlm Xviii Limited                                                                 | OZLM 2018-18A B         | CUSIP: 67112GAC2<br>LEI: 5493002SZMQH8ZTTHX49 | Long             | ABS-CBDO         | CORP              | KY        |   1817474 | PA      | $1819842.29   | 0.05%             | 2031-04-15      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Ozlm Xviii Limited                                                                 | OZLM 2018-18A C         | CUSIP: 67112GAE8<br>LEI: 5493002SZMQH8ZTTHX49 | Long             | ABS-CBDO         | CORP              | KY        |   2450000 | PA      | $2456766.90   | 0.07%             | 2031-04-15      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Ozlm Xviii Limited                                                                 | OZLM 2018-18A D         | CUSIP: 67112GAG3<br>LEI: 5493002SZMQH8ZTTHX49 | Long             | ABS-CBDO         | CORP              | KY        |         0 | PA      | $0.00         | 0.00%             | 2031-04-15      | Floating      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| Ozlm XXI Ltd.                                                                      | OZLM 2018-20A B         | CUSIP: 67112MAE5<br>LEI: 5493002HF6D1C4B1AK86 | Long             | ABS-CBDO         | CORP              | US        |  11265000 | PA      | $11331891.57  | 0.34%             | 2031-04-20      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Ozlm XXIV Ltd.                                                                     | OZLM 2019-24A BR        | CUSIP: 67113DBG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    620000 | PA      | $622066.46    | 0.02%             | 2032-07-20      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| OWS CRE FUNDING III LLC                                                            | OWSCRE 2025-MARG2 A     | CUSIP: 67121XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27000000 | PA      | $27068561.10  | 0.81%             | 2027-08-15      | Floating      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XXII Ltd.                                              | OCT22 2014-1A CRR       | CUSIP: 67572YBU5<br>LEI: 549300MQ9W5DWZ8QX450 | Long             | ABS-CBDO         | CORP              | KY        |   5230000 | PA      | $5242604.30   | 0.16%             | 2030-01-22      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XXII Ltd.                                              | OCT22 2014-1A DRR       | CUSIP: 67572YBW1<br>LEI: 549300MQ9W5DWZ8QX450 | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4521276.00   | 0.13%             | 2030-01-22      | Floating      | 6.68%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XIV Ltd.                                               | OCT16 2013-1A BR        | CUSIP: 67590BAU4<br>LEI: 549300QEN35HTPJ3BX33 | Long             | ABS-CBDO         | CORP              | KY        |   7015000 | PA      | $7036529.74   | 0.21%             | 2030-07-17      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XIV Ltd.                                               | OCT16 2013-1A CR        | CUSIP: 67590BAW0<br>LEI: 549300QEN35HTPJ3BX33 | Long             | ABS-CBDO         | CORP              | KY        |  14250000 | PA      | $14346444.00  | 0.43%             | 2030-07-17      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XVII Ltd.                                              | OCT17 2013-1A CR2       | CUSIP: 67590GBN8<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |   2435000 | PA      | $2437167.15   | 0.07%             | 2031-01-25      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XXI Ltd.                                               | OCT21 2014-1A CR4       | CUSIP: 67590QCE5<br>LEI: 549300XIS9D4AHDX5A35 | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6009696.00   | 0.18%             | 2031-02-14      | Floating      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XXVII Ltd.                                             | OCT27 2016-1A CR        | CUSIP: 67590XAQ5<br>LEI: 6354001JUH8Y4IJVGL43 | Long             | ABS-CBDO         | CORP              | US        |   5750000 | PA      | $5765433.00   | 0.17%             | 2030-07-15      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners Ltd                                                    | OCT26 2016-1A CR        | CUSIP: 67590YAS9<br>LEI: 549300ZYOSZSIH0Y3392 | Long             | ABS-CBDO         | CORP              | KY        |   3590000 | PA      | $3595388.59   | 0.11%             | 2030-07-15      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 31 Ltd.                                                | OCT36 2018-1A C         | CUSIP: 67591UAJ6<br>LEI: 5493003JSU68UU09PZ63 | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6015216.00   | 0.18%             | 2031-04-15      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 34 Ltd                                                 | OCT34 2017-1A C1        | CUSIP: 675922AJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500178.50    | 0.01%             | 2030-01-20      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 34 Ltd                                                 | OCT34 2017-1A D         | CUSIP: 675922AN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3152000 | PA      | $3159416.66   | 0.09%             | 2030-01-20      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 39 Ltd.                                                | OCT39 2018-3A D         | CUSIP: 67592CAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3130000 | PA      | $3145277.53   | 0.09%             | 2030-10-20      | Floating      | 6.88%                 | Yes           |                  2 | On Loan: No      |
| PPM Clo 2018 LTD                                                                   | PPMC 2018-1A C          | CUSIP: 69355DAE7<br>LEI: 549300NI5BL19ELU5U14 | Long             | ABS-CBDO         | CORP              | KY        |   6500000 | PA      | $6552442.00   | 0.20%             | 2031-07-15      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| Pm General Purchaser Llc                                                           | AMGENE 9 1/2 10/01/28   | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  32529000 | PA      | $30089325.00  | 0.90%             | 2028-10-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| PDOF Msn Issuer LLC                                                                | PDOFMS FLOAT 03/01/25   | CUSIP: 69429PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5167548 | PA      | $5130097.60   | 0.15%             | 2026-03-01      | Floating      | 8.15%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2024-2                                                        | PAID 2024-2 A           | CUSIP: 694961AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190145 | PA      | $190575.30    | 0.01%             | 2031-08-15      | Fixed         | 6.32%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2024-3                                                        | PAID 2024-3 A           | CUSIP: 69547XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215200 | PA      | $215656.91    | 0.01%             | 2031-10-15      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| PennantPark Investment Corporation                                                 | PNNT 4 11/01/26         | CUSIP: 708062AD6<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |  51470000 | PA      | $50692986.75  | 1.51%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PennantPark Investment Corporation                                                 | PNNT 7 02/01/29         | CUSIP: 708062AE4<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |  75000000 | PA      | $74502000.00  | 2.22%             | 2029-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Pennantpark Floating Rate Capital Ltd.                                             | PFLT 4 1/4 04/01/26     | CUSIP: 70806AAA4<br>LEI: 529900BH3IP6381K4L72 | Long             | DBT              | RF                | US        |  46485000 | PA      | $46338527.62  | 1.38%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BCP Investment Corp.                                                               | BCIC 7 1/2 10/15/28     | CUSIP: 73688FAD4<br>LEI: 254900YM5BVQKA01I468 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10022802.90  | 0.30%             | 2028-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ramaco Resources Inc.                                                              | METC 8 3/8              | CUSIP: 75134P709<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EP               | CORP              | US        |    432227 | NS      | $10961276.72  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramaco Resources Inc.                                                              | METC 8 1/4              | CUSIP: 75134P808<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EP               | CORP              | US        |    998371 | NS      | $25158949.20  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ReadyCap Holdings LLC                                                              | RDYCAP 9 3/8 03/01/28   | CUSIP: 755763AE9<br>LEI: 549300W908MAGNC9E420 | Long             | DBT              | CORP              | US        |  53738000 | PA      | $53811185.24  | 1.60%             | 2028-03-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower Clo 2017-3 Ltd                                                      | ROCKT 2017-3A C         | CUSIP: 77341DAG2<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002028.00   | 0.03%             | 2030-10-20      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower Clo 2017-3 Ltd                                                      | ROCKT 2017-3A D         | CUSIP: 77341DAJ6<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |  10500000 | PA      | $10576660.50  | 0.32%             | 2030-10-20      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower CLO 2019-2 Ltd.                                                     | ROCKT 2019-2A CR2       | CUSIP: 77341GAW0<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7010612.00   | 0.21%             | 2032-08-20      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower Clo 2018-1 Ltd/ Llc                                                 | ROCKT 2018-1A C         | CUSIP: 77342JAE3<br>LEI: 549300KPFGDIQ0PMP224 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501077.50    | 0.01%             | 2031-05-20      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower CLO 2018-2 LTD/LLC                                                  | ROCKT 2018-2A C         | CUSIP: 77342KAE0<br>LEI: 5493001SZ764RMCNU069 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1508694.00   | 0.04%             | 2031-10-20      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Romark Clo-I Ltd.                                                                  | RMRK 2017-1A B          | CUSIP: 77587UAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1502895.00   | 0.04%             | 2030-10-23      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| Runway Growth Finance Corp                                                         | RWAY 7 1/4              | CUSIP: 78163D407<br>LEI: 254900AXR3J2N1XT0V02 | Long             | EP               | CORP              | US        |    200000 | NS      | $5000000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SBL Holdings Inc.                                                                  | SECBEN 5.9 09/26/28     | CUSIP: 78397DAE8<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |  15500000 | PA      | $15488647.34  | 0.46%             | 2028-09-26      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| SMR MORTGAGE TRUST 2022-IND                                                        | SMR 2022-IND A          | CUSIP: 78458MAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4578386 | PA      | $4589808.78   | 0.14%             | 2039-02-15      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| SMR MORTGAGE TRUST 2022-IND                                                        | SMR 2022-IND B          | CUSIP: 78458MAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12636345 | PA      | $12672805.49  | 0.38%             | 2039-02-15      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| SMR MORTGAGE TRUST 2022-IND                                                        | SMR 2022-IND C          | CUSIP: 78458MAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5063695 | PA      | $5082984.24   | 0.15%             | 2039-02-15      | Floating      | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Saratoga Investment Corp.                                                          | SAR 6                   | CUSIP: 80349A802<br>LEI: 54930023WJCWPAGSWE41 | Long             | EP               | CORP              | US        |    310408 | NS      | $7735367.36   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Saratoga Investment Corp.                                                          | SAR 4 3/8 02/28/26      | CUSIP: 80349AAD1<br>LEI: 54930023WJCWPAGSWE41 | Long             | DBT              | CORP              | US        |  44652000 | PA      | $44507751.27  | 1.33%             | 2026-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Saratoga Investment Corp.                                                          | SAR 4.35 02/28/27       | CUSIP: 80349AAF6<br>LEI: 54930023WJCWPAGSWE41 | Long             | DBT              | CORP              | US        |  25426000 | PA      | $24663122.62  | 0.74%             | 2027-02-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SARATOGA INVESTMENT CORP                                                           | SAR 7.25 05/01/30       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |  50000000 | PA      | $49928434.00  | 1.49%             | 2030-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Shackleton 2014-V-R Clo Ltd / Llc                                                  | SHACK 2014-5RA B        | CUSIP: 81881JAE2<br>LEI: 549300OM5GJJFIKCOZ48 | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1806598.80   | 0.05%             | 2031-05-07      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Shackleton 2014-V-R Clo Ltd / Llc                                                  | SHACK 2014-5RA C        | CUSIP: 81881JAG7<br>LEI: 549300OM5GJJFIKCOZ48 | Long             | ABS-CBDO         | CORP              | KY        |  12700000 | PA      | $12803035.10  | 0.38%             | 2031-05-07      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| Shackleton 2013-Iii Clo Ltd                                                        | SHACK 2013-3A CR        | CUSIP: 81881QAW6<br>LEI: 549300S9WB2KLCOJR134 | Long             | ABS-CBDO         | CORP              | KY        |  22300000 | PA      | $22401616.64  | 0.67%             | 2030-07-15      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Shenergy Co Ltd.                                                                   | SHACK 2013-4RA A2A      | CUSIP: 81882HAC9<br>LEI: 300300PA40YYCBW4WW70 | Long             | ABS-CBDO         | CORP              | CN        |   1650000 | PA      | $1651653.30   | 0.05%             | 2031-04-13      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Shenergy Co Ltd.                                                                   | SHACK 2013-4RA B        | CUSIP: 81882HAE5<br>LEI: 300300PA40YYCBW4WW70 | Long             | ABS-CBDO         | CORP              | CN        |   1555000 | PA      | $1563756.21   | 0.05%             | 2031-04-13      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Shenergy Co Ltd.                                                                   | SHACK 2013-4RA A2CR     | CUSIP: 81882HAS4<br>LEI: 300300PA40YYCBW4WW70 | Long             | ABS-CBDO         | CORP              | CN        |   2000000 | PA      | $2008920.00   | 0.06%             | 2031-04-13      | Floating      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO V Limited                                                          | SNDPT 2014-1RA B        | CUSIP: 83607EAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2630000 | PA      | $2636459.28   | 0.08%             | 2031-07-18      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO V Limited                                                          | SNDPT 2014-1RA C        | CUSIP: 83607EAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10500000 | PA      | $10533033.00  | 0.31%             | 2031-07-18      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO II Ltd.                                                            | SNDPT 2013-1A A3R       | CUSIP: 83608GAS5<br>LEI: 549300Q00FJ0WHHYC788 | Long             | ABS-CBDO         | CORP              | KY        |   7920000 | PA      | $7940409.84   | 0.24%             | 2031-01-26      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo Ix  Ltd                                                            | SNDPT 2015-2A BRRR      | CUSIP: 83609GBQ7<br>LEI: 549300W2FX6HEXN27U70 | Long             | ABS-CBDO         | CORP              | KY        |  13250000 | PA      | $13288517.75  | 0.40%             | 2032-07-20      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo Ix  Ltd                                                            | SNDPT 2015-2A CRRR      | CUSIP: 83609GBS3<br>LEI: 549300W2FX6HEXN27U70 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10033890.00  | 0.30%             | 2032-07-20      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO XVIII Limited/LLC                                                  | SNDPT 2017-4A B         | CUSIP: 83609TAE7<br>LEI: 549300G09B8CGBRMLL31 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3021525.00   | 0.09%             | 2031-01-21      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO IV Ltd.                                                            | SNDPT 2013-3RA B        | CUSIP: 83609YAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3495000 | PA      | $3507057.75   | 0.10%             | 2031-04-18      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO IV Ltd.                                                            | SNDPT 2013-3RA C        | CUSIP: 83609YAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11940000 | PA      | $11976094.62  | 0.36%             | 2031-04-18      | Floating      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo Vii  Ltd.                                                          | SNDPT 2014-3RA C        | CUSIP: 83610HAG5<br>LEI: 549300IYECLSB6ZQZB89 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2507140.00   | 0.07%             | 2031-10-23      | Floating      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Sound point clo xix ltd                                                            | SNDPT 2018-1A D         | CUSIP: 83610JAJ5<br>LEI: 5493001QI7ZD0IPL4A34 | Long             | ABS-CBDO         | CORP              | KY        |   8000000 | PA      | $8056296.00   | 0.24%             | 2031-04-15      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Sound Point  Clo Xvi Limited                                                       | SNDPT 2017-2A CR        | CUSIP: 83610KAN3<br>LEI: 549300ZK5CJ7PM7YBH85 | Long             | ABS-CBDO         | CORP              | KY        |   2890000 | PA      | $2897216.33   | 0.09%             | 2030-07-25      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo XXII Ltd.                                                          | SNDPT 2019-1A CRR       | CUSIP: 83611KBA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  21750000 | PA      | $21788845.50  | 0.65%             | 2032-01-20      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Sound Pt Clo Xxi Ltd / Llc                                                         | SNDPT 2018-3A B         | CUSIP: 83613HAG2<br>LEI: 5493001O6AOY43J70E72 | Long             | ABS-CBDO         | CORP              | KY        |   8000000 | PA      | $8039664.80   | 0.24%             | 2031-10-26      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Star Mountain Lower Middle-market Capital Corp.                                    | STRMT Float 01/15/29    | CUSIP: 854940AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25022324.50  | 0.75%             | 2029-01-15      | Floating      | 7.41%                 | Yes           |                  2 | On Loan: No      |
| Steele Creek Clo 2016 1 Ltd                                                        | STCR 2016-1A CR         | CUSIP: 858102AZ9<br>LEI: 5493003PZ3HX9NW9PS65 | Long             | ABS-CBDO         | CORP              | IE        |    690000 | PA      | $691408.29    | 0.02%             | 2031-06-15      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Steele Creek Clo 2017 1 Ltd                                                        | STCR 2017-1A C          | CUSIP: 85816VAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10425000 | PA      | $10500612.53  | 0.31%             | 2030-10-15      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Steele Creek Clo 2014-1R Ltd.                                                      | STCR 2014-1RA C         | CUSIP: 85816WAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1914266 | PA      | $1917993.53   | 0.06%             | 2031-04-21      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| STEELE CREEK CLO LTD 2019-1                                                        | STCR 2019-1A CRR        | CUSIP: 85817BAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15000000 | PA      | $15019170.00  | 0.45%             | 2032-04-15      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Stellus Capital Investment Corporation                                             | SCM 7 1/4 04/01/30      | CUSIP: 858568AC2<br>LEI: 5493001DZV6QC1KUSC43 | Long             | DBT              | RF                | US        |  31000000 | PA      | $31031317.75  | 0.93%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XVI Ltd.                                                              | SYMP 2015-16A C1RR      | CUSIP: 87165VBB4<br>LEI: 5493004PWOYFPAFQVT02 | Long             | ABS-CBDO         | CORP              | KY        |   4005000 | PA      | $4013999.24   | 0.12%             | 2031-10-15      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Symphony Clo XIX                                                                   | SYMP 2018-19A C         | CUSIP: 87165YAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2256086.25   | 0.07%             | 2031-04-16      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Symphony Clo Xx Limited                                                            | SYMP 2018-20A CR2       | CUSIP: 87166VBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3880000 | PA      | $3887049.96   | 0.12%             | 2032-01-16      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO XXII LTD/LLC                                                          | SYMP 2020-22A CR        | CUSIP: 87167GCP3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  18250000 | PA      | $18280970.25  | 0.55%             | 2033-04-18      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| Tci-Symphony Clo 2017-1 Ltd                                                        | TSYMP 2017-1A CR        | CUSIP: 87232BAK8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2662000 | PA      | $2668002.81   | 0.08%             | 2030-07-15      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Trust                                                   | THPT 2023-THL C         | CUSIP: 87252LAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10205047 | PA      | $10413778.99  | 0.31%             | 2034-12-10      | Floating      | 8.53%                 | Yes           |                  2 | On Loan: No      |
| Thl Credit Wr 2014-3K Clo Ltd                                                      | WINDR 2014-3KRA C       | CUSIP: 88390BAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10800000 | PA      | $10823457.60  | 0.32%             | 2030-10-15      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Wind River 2015-1 CLO Ltd.                                                         | WINDR 2015-1A C1        | CUSIP: 88432FBC2<br>LEI: 549300H4V7OE3OL7II20 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $753750.00    | 0.02%             | 2030-10-20      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| Wind River 2015-1 CLO Ltd.                                                         | WINDR 2015-1A DR        | CUSIP: 88432FBG3<br>LEI: 549300H4V7OE3OL7II20 | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6028700.40   | 0.18%             | 2030-10-20      | Floating      | 6.93%                 | Yes           |                  2 | On Loan: No      |
| Transamerica Capital II                                                            | AEGON 7.65 12/01/26     | CUSIP: 893472AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4397000 | PA      | $4446295.43   | 0.13%             | 2026-12-01      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| Trinitas CLO IV LLC                                                                | TRNTS 2016-4A CR        | CUSIP: 89640XAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  22650000 | PA      | $22840599.75  | 0.68%             | 2031-10-18      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Trinitas CLO IV LLC                                                                | TRNTS 2016-4A DR        | CUSIP: 89640XAT3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9200000 | PA      | $9280214.80   | 0.28%             | 2031-10-18      | Floating      | 7.29%                 | Yes           |                  2 | On Loan: No      |
| TRINITAS CLO XV LTD                                                                | TRNTS 2021-15A D        | CUSIP: 89641XAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  20000000 | PA      | $20148500.00  | 0.60%             | 2034-04-22      | Floating      | 7.68%                 | Yes           |                  2 | On Loan: No      |
| Trinity Capital Inc.                                                               | TRIN 7 7/8              | CUSIP: 896442605<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |   1030072 | NS      | $26091723.76  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Capital Inc.                                                               | TRIN 4 3/8 08/24/26     | CUSIP: 896442AG5<br>LEI: 549300YGT4SBRQYDVU48 | Long             | DBT              | CORP              | US        |  29633000 | PA      | $29294940.22  | 0.87%             | 2026-08-24      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Trinity Capital Inc.                                                               | TRIN 4 1/4 12/15/26     | CUSIP: 896442AH3<br>LEI: 549300YGT4SBRQYDVU48 | Long             | DBT              | CORP              | US        |  21327000 | PA      | $20879892.24  | 0.62%             | 2026-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Two Roads Shared Trust                                                             | HOLBROOK T R F-I        | CUSIP: 90214Q493<br>LEI: 549300REHU8QC2CK4V30 | Long             | EC               | RF                | US        |    500000 | NS      | $5019700.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Uirc-Gsa International, Llc                                                        | UIRCIN 6 PERP           | CUSIP: 90278W303<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      9180 | NS      | $8262000.00   | 0.25%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Uirc-Gsa International, Llc                                                        | UIRCIN 6 1/2 PERP       | CUSIP: 90278W402<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      3950 | NS      | $3476000.00   | 0.10%             |  |  |  | Yes           |                  1 | On Loan: No      |
| American Coastal Insurance Corp.                                                   | ACIC 6 1/4 12/15/27     | CUSIP: 910710AA0<br>LEI: 5299002P9105LJQA8G51 | Long             | DBT              | CORP              | US        |  62319000 | PA      | $62518358.48  | 1.86%             | 2027-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                       | TII 0 1/8 01/15/30      | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $72527255.71  | 2.16%             | 2030-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                       | TII 1 5/8 04/15/30      | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  85000000 | PA      | $87867081.49  | 2.62%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Upland Clo Limited                                                                 | UPLND 2016-1A BR        | CUSIP: 915328AY4<br>LEI: 54930052JF7HYEE5CO91 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751799.25    | 0.02%             | 2031-04-20      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Venture 32 Clo Ltd.                                                                | VENTR 2018-32A B        | CUSIP: 92325QAQ0<br>LEI: 549300UP09C89Q3HWD39 | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7020419.00   | 0.21%             | 2031-07-18      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Venture XV CLO Ltd.                                                                | VENTR 2013-15A BR3      | CUSIP: 92328XBF5<br>LEI: 549300UYHZCJPN3LMT03 | Long             | ABS-CBDO         | CORP              | KY        |   1890000 | PA      | $1896131.16   | 0.06%             | 2032-07-15      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Venture XIII CLO Ltd.                                                              | VENTR 2013-13A DR       | CUSIP: 92329NAU4<br>LEI: 549300ZVVNSDW7WU0O73 | Long             | ABS-CBDO         | CORP              | KY        |   2631030 | PA      | $2634881.63   | 0.08%             | 2029-09-10      | Floating      | 7.30%                 | Yes           |                  2 | On Loan: No      |
| Venture Xix Clo Limited                                                            | VENTR 2014-19A CRR      | CUSIP: 92330EAT4<br>LEI: 549300KIDQKDB48YU144 | Long             | ABS-CBDO         | CORP              | KY        |  15250000 | PA      | $15293355.75  | 0.46%             | 2032-01-15      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Venture XXVIII CLO Ltd                                                             | VENTR 2017-28A C2R      | CUSIP: 92331ABE3<br>LEI: 54930010DKR017G3JK24 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3516839.55   | 0.10%             | 2030-07-20      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Venture Xxix Clo Ltd                                                               | VENTR 2017-29A C        | CUSIP: 92331EAD8<br>LEI: 549300ITFR7G25007V93 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2007542.00   | 0.06%             | 2030-09-07      | Floating      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| Venture CDO Ltd.                                                                   | VENTR 2015-22A CR       | CUSIP: 92331LAY6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15625000 | PA      | $15715156.25  | 0.47%             | 2031-01-15      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Venture CDO Ltd.                                                                   | VENTR 2017-27A CR       | CUSIP: 92331LBG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502066.50    | 0.01%             | 2030-07-20      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Venture Xxx Clo Ltd                                                                | VENTR 2017-30A B        | CUSIP: 92331NAE6<br>LEI: 5493001R7OPCYBM5NH78 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002412.00   | 0.03%             | 2031-01-15      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Venture Xxx Clo Ltd                                                                | VENTR 2017-30A C        | CUSIP: 92331NAG1<br>LEI: 5493001R7OPCYBM5NH78 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3007785.00   | 0.09%             | 2031-01-15      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Venture 31 Clo Ltd                                                                 | VENTR 2018-31A C1       | CUSIP: 92331VAG3<br>LEI: 549300WIVX6V4NHW6X79 | Long             | ABS-CBDO         | CORP              | KY        |  17225000 | PA      | $17268234.75  | 0.51%             | 2031-04-20      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Venture III CDO Ltd.                                                               | VENTR 2018-35A C        | CUSIP: 92331XAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6500000 | PA      | $6518284.50   | 0.19%             | 2031-10-22      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Venture 38 Clo Ltd.                                                                | VENTR 2019-38A CRR      | CUSIP: 92332NBG9<br>LEI: 549300EM6DS6KQH1HN07 | Long             | ABS-CBDO         | CORP              | KY        |    575000 | PA      | $575655.50    | 0.02%             | 2032-07-30      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VERDELITE STATIC CLO 2024-1 LTD/LLC                                                | BVSTAT 2024-1A C        | CUSIP: 92338VAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250588.75    | 0.01%             | 2032-07-20      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VERUS SEC TR 2023-5                                                                | VERUS 2023-5 A1         | CUSIP: 924934AA0<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-O            | CORP              | US        |    325409 | PA      | $326729.82    | 0.01%             | 2068-06-25      | Floating      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-1                                                  | VERUS 2023-1 A1         | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    303388 | PA      | $302724.02    | 0.01%             | 2067-12-25      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-3                                                  | VERUS 2023-3 A2         | CUSIP: 92539GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124918 | PA      | $124994.24    | 0.00%             | 2068-03-25      | Floating      | 6.44%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2014-4 Ltd                                                                | VOYA 2014-4A BR2        | CUSIP: 92914RBC5<br>LEI: 549300JHU3YI1LLL3V27 | Long             | ABS-CBDO         | CORP              | KY        |   4700000 | PA      | $4712464.40   | 0.14%             | 2031-07-14      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2016-1 Limited                                                            | VOYA 2016-1A CR         | CUSIP: 92915CAW4<br>LEI: 549300BRUAMTEA33B077 | Long             | ABS-CBDO         | CORP              | KY        |         0 | PA      | $0.00         | 0.00%             | 2031-01-20      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Limited                                                                   | VOYA 2017-1A BR         | CUSIP: 92916MAH4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003346.00   | 0.06%             | 2030-04-17      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2018-3 Ltd.                                                               | VOYA 2018-1A B          | CUSIP: 92917AAE6<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002089.00   | 0.03%             | 2031-04-19      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2013-1 Ltd / Voya CLO 2013-1 LLC                                          | INGIM 2013-1A BR        | CUSIP: 92917CAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6090000 | PA      | $6104378.49   | 0.18%             | 2030-10-15      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Limited                                                                   | VOYA 2018-2A C1         | CUSIP: 92917JAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4100000 | PA      | $4112386.10   | 0.12%             | 2031-07-15      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2019-3 Ltd. / Voya CLO 2019-3 LLC                                         | VOYA 2019-3A CR         | CUSIP: 92918FAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505034.00   | 0.04%             | 2032-10-17      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| W & T Offshore Inc.                                                                | WTI 10 3/4 02/01/29     | CUSIP: 92922PAN6<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | DBT              | CORP              | US        |  27630000 | PA      | $27315018.00  | 0.81%             | 2029-02-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| Whitehorse Finance Inc.                                                            | WHF 4 12/15/26          | CUSIP: 96524VAB2<br>LEI: 5493006LP9COIV2ZIB05 | Long             | DBT              | RF                | US        |  13065000 | PA      | $12802801.78  | 0.38%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| XCAL 2019-IL-1 MORTGAGE TRUST                                                      | XCAL 2019-1 A           | CUSIP: 98370LAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1328038 | PA      | $651420.24    | 0.02%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                                              | XCALFD 5 09/01/24       | CUSIP: 98373XAC4<br>LEI: 549300GGW5CBE4FDT866 | Long             | ABS-O            | CORP              | US        |   3300000 | PA      | $3146665.17   | 0.09%             | 2026-10-15      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                                              | XCALFD 5 03/01/25       | CUSIP: 98373XAX8<br>LEI: 549300GGW5CBE4FDT866 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1998988.80   | 0.06%             | 2026-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                                              | XCAL 2023-MF9 A         | CUSIP: 98373XBD1<br>LEI: 549300GGW5CBE4FDT866 | Long             | ABS-O            | CORP              | US        |   2868852 | PA      | $2861455.70   | 0.09%             | 2026-11-25      | Floating      | 6.95%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                                              | XCAL 2024-MSD A         | CUSIP: 98373XBW9<br>LEI: 549300GGW5CBE4FDT866 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4028820.00   | 0.12%             | 2027-01-01      | Floating      | 8.25%                 | Yes           |                  2 | On Loan: No      |
| XRL ALC LLC                                                                        | XRL 2025-OZK A          | CUSIP: 98383MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $15192039.00  | 0.45%             | 2028-06-20      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| XRL ALC LLC                                                                        | XRL 2025-OZK B1         | CUSIP: 98383MAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5057920.50   | 0.15%             | 2028-06-20      | Fixed         | 13.50%                | Yes           |                  2 | On Loan: No      |
| X-CALI 2020-5 MORTGAGE TRUST                                                       | XCALI 2020-5 A          | CUSIP: 98401JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    943580 | PA      | $941833.85    | 0.03%             | 2026-12-31      | Floating      | 7.09%                 | Yes           |                  2 | On Loan: No      |
| ZAIS CLO 13, LIMITED                                                               | ZAIS 2019-13A C1R       | CUSIP: 98876NBC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1850000 | PA      | $1855910.75   | 0.06%             | 2032-07-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Z Capital Credit Partners CLO 2015-1 Ltd./Z Capital Credit Partners CLO 2015-1 LLC | ZCCP 2018-1A B          | CUSIP: 98878CAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700640 | PA      | $1704767.22   | 0.05%             | 2031-01-16      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Zais Clo 3 Ltd/Llc                                                                 | ZCLO3 2015-3A BR        | CUSIP: 98887HAN4<br>LEI: 549300SYHU0CNKIXQ691 | Long             | ABS-CBDO         | CORP              | KY        |   2075000 | PA      | $2085210.87   | 0.06%             | 2031-07-15      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Zais Clo 7 Ltd                                                                     | ZAIS7 2017-2A C         | CUSIP: 98887VAE3<br>LEI: 549300XFDOUEB0QTZS87 | Long             | ABS-CBDO         | CORP              | IE        |   9822085 | PA      | $9841631.25   | 0.29%             | 2030-04-15      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Zais Clo 11. Limited                                                               | ZAIS 2018-11A CR        | CUSIP: 98887YAS6<br>LEI: 549300FPW2E2MXLOFH93 | Long             | ABS-CBDO         | CORP              | KY        |   8825000 | PA      | $8853142.04   | 0.26%             | 2032-01-20      | Floating      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                | SNCR TL 1L USD          | CUSIP: BL5083896<br>LEI: N/A                  | Long             | LON              | CORP              | N/A       |  21824816 | PA      | $21197352.65  | 0.63%             | 2029-04-24      | Variable      | 11.32%                | No            |                  2 | On Loan: No      |
| B. RILEY FINANCIAL INC                                                             | B. RILEY FIN 7R WARRANT | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |    351012 | NS      | $2169254.16   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SpecialTransportHolding                                                            | SpecialTransportHolding | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3242 | NS      | $6146821.55   | 0.18%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Two Roads Shared Trust

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer