# EDGAR Filing Document

**Accession Number:** 0000075398
**File Stem:** 0000940400-26-021642
**Filing Date:** 2026-5
**Character Count:** 385084
**Document Hash:** 9e237c7d1554cd50d585927a45741cbf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021642.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021642

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Western Asset Investment Grade Income Fund Inc.
- **CENTRAL INDEX KEY:** 0000075398

**ORGANIZATION NAME:**
- **EIN:** 952808650
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02351
- **FILM NUMBER:** 261031905

**BUSINESS ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** MD
- **ZIP:** 10018
- **BUSINESS PHONE:** 8887770102

**MAIL ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** MD
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Western Asset Income Fund
- **DATE OF NAME CHANGE:** 20050629

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PACIFIC AMERICAN INCOME SHARES INC
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

Schedule of Investments (unaudited)

March 31, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **Western Asset Investment Grade Income Fund Inc.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount<br>| Value |
| **Corporate Bonds & Notes — 91.5%** | **Corporate Bonds & Notes — 91.5%** | **Corporate Bonds & Notes — 91.5%** | **Corporate Bonds & Notes — 91.5%** | **Corporate Bonds & Notes — 91.5%** |
| **Communication Services — 8.3%** | **Communication Services — 8.3%** | **Communication Services — 8.3%** | **Communication Services — 8.3%** | **Communication Services — 8.3%** |
| *Diversified Telecommunication Services — 1.2%* | *Diversified Telecommunication Services — 1.2%* | *Diversified Telecommunication Services — 1.2%* | *Diversified Telecommunication Services — 1.2%* | *Diversified Telecommunication Services — 1.2%* |
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 4.300% | &nbsp;&nbsp; 2/15/30 | &nbsp;&nbsp; $80000<br>| &nbsp;&nbsp;&nbsp; $79507<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 8/15/35 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 293871<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 6.350% | &nbsp;&nbsp; 3/15/40 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 51003<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 6/15/42 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 129193<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 6/15/44 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 182267<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 8/15/56 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 49279<br>|
| &nbsp;&nbsp;&nbsp; British Telecommunications PLC, Senior Notes | &nbsp;&nbsp; 9.625% | &nbsp;&nbsp; 12/15/30 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 83638<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 3/16/47 | &nbsp;&nbsp; 630000<br>| &nbsp;&nbsp;&nbsp; 594798<br>|
| *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | &nbsp;&nbsp; *1463556* |
| *Entertainment — 0.4%* | *Entertainment — 0.4%* | *Entertainment — 0.4%* | *Entertainment — 0.4%* | *Entertainment — 0.4%* |
| &nbsp;&nbsp;&nbsp; Discovery Global Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.141% | &nbsp;&nbsp; 3/15/52 | &nbsp;&nbsp; 125000<br>| &nbsp;&nbsp;&nbsp; 76094<br>|
| &nbsp;&nbsp;&nbsp; Flutter Treasury DAC, Senior Secured Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 6/4/31 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 208215<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Walt Disney Co., Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 12/1/45 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 161611<br>|
| *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | &nbsp;&nbsp; *445920* |
| *Interactive Media & Services — 1.9%* | *Interactive Media & Services — 1.9%* | *Interactive Media & Services — 1.9%* | *Interactive Media & Services — 1.9%* | *Interactive Media & Services — 1.9%* |
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 4.700% | &nbsp;&nbsp; 11/15/35 | &nbsp;&nbsp; 10000<br>| &nbsp;&nbsp;&nbsp; 9884<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 109571<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 11/15/45 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 97838<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/15/46 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 129033<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/15/55 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 236240<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 87201<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 2/15/56 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; 19950<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 2/15/66 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 118933<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 4.600% | &nbsp;&nbsp; 11/15/32 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 89147<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 11/15/35 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 284617<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 11/15/45 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 378783<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 290798<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 11/15/65 | &nbsp;&nbsp; 570000<br>| &nbsp;&nbsp;&nbsp; 529834<br>|
| *Total Interactive Media & Services* | *Total Interactive Media & Services* | *Total Interactive Media & Services* | *Total Interactive Media & Services* | &nbsp;&nbsp; *2381829* |
| *Media — 3.5%* | *Media — 3.5%* | *Media — 3.5%* | *Media — 3.5%* | *Media — 3.5%* |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 5/1/32 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 518628<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 6.384% | &nbsp;&nbsp; 10/23/35 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 111778<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 98414<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 6.484% | &nbsp;&nbsp; 10/23/45 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 239940<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 5/1/47 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 281919<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 4/1/48 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 58425<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 3.900% | &nbsp;&nbsp; 6/1/52 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 101954<br>|
| &nbsp;&nbsp;&nbsp; Comcast Corp., Senior Notes | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 8/15/37 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 178833<br>|
| &nbsp;&nbsp;&nbsp; Comcast Corp., Senior Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 5/15/38 | &nbsp;&nbsp; 950000<br>| &nbsp;&nbsp;&nbsp; 1002321<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Media — continued* | *Media — continued* | *Media — continued* | *Media — continued* | *Media — continued* |
| &nbsp;&nbsp;&nbsp; DISH DBS Corp., Senior Secured Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 12/1/28 | &nbsp;&nbsp; $160000<br>| &nbsp;&nbsp;&nbsp; $154848<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fox Corp., Senior Notes | &nbsp;&nbsp; 5.476% | &nbsp;&nbsp; 1/25/39 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 493597<br>|
| &nbsp;&nbsp;&nbsp; Paramount Global, Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 7/30/30 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 135765<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable Enterprises LLC, Senior Secured Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 7/15/33 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 464467<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC, Senior Secured Notes | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 5/1/37 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 181616<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC, Senior Secured Notes | &nbsp;&nbsp; 7.300% | &nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 209421<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 6/15/39 | &nbsp;&nbsp; 10000<br>| &nbsp;&nbsp;&nbsp; 9931<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC, Senior Secured Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/1/41 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 43134<br>|
| &nbsp;&nbsp;&nbsp; Versant Media Group Inc., Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 1/30/31 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 71695<br> <sup>(a)</sup><br>|
| *Total Media* | *Total Media* | *Total Media* | *Total Media* | &nbsp;&nbsp; *4356686* |
| *Wireless Telecommunication Services — 1.3%* | *Wireless Telecommunication Services — 1.3%* | *Wireless Telecommunication Services — 1.3%* | *Wireless Telecommunication Services — 1.3%* | *Wireless Telecommunication Services — 1.3%* |
| &nbsp;&nbsp;&nbsp; America Movil SAB de CV, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 3/30/40 | &nbsp;&nbsp; 850000<br>| &nbsp;&nbsp;&nbsp; 886872<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 157647<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 224440<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 2/15/56 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 223366<br>|
| &nbsp;&nbsp;&nbsp; Vodafone Group PLC, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/30/48 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 189777<br>|
| *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | &nbsp;&nbsp; *1682102* |
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **10330093** |
| **Consumer Discretionary — 6.3%** | **Consumer Discretionary — 6.3%** | **Consumer Discretionary — 6.3%** | **Consumer Discretionary — 6.3%** | **Consumer Discretionary — 6.3%** |
| *Automobile Components — 0.3%* | *Automobile Components — 0.3%* | *Automobile Components — 0.3%* | *Automobile Components — 0.3%* | *Automobile Components — 0.3%* |
| &nbsp;&nbsp;&nbsp; ZF North America Capital Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/23/30 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 271063<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ZF North America Capital Inc., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 3/24/31 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 147464<br> <sup>(a)</sup><br>|
| *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | &nbsp;&nbsp; *418527* |
| *Automobiles — 0.5%* | *Automobiles — 0.5%* | *Automobiles — 0.5%* | *Automobiles — 0.5%* | *Automobiles — 0.5%* |
| &nbsp;&nbsp;&nbsp; General Motors Co., Senior Notes | &nbsp;&nbsp; 6.600% | &nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 180931<br>|
| &nbsp;&nbsp;&nbsp; General Motors Co., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/1/46 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 280002<br>|
| &nbsp;&nbsp;&nbsp; Hyundai Capital America, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/8/27 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 201157<br> <sup>(a)</sup><br>|
| *Total Automobiles* | *Total Automobiles* | *Total Automobiles* | *Total Automobiles* | &nbsp;&nbsp; *662090* |
| *Broadline Retail — 1.6%* | *Broadline Retail — 1.6%* | *Broadline Retail — 1.6%* | *Broadline Retail — 1.6%* | *Broadline Retail — 1.6%* |
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 4.550% | &nbsp;&nbsp; 3/13/33 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 148600<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 11/20/35 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 245231<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 3/13/36 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 148691<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 3/13/46 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 169512<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 3/13/56 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 129987<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 8/22/57 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 234245<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 11/20/65 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 255304<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 3/13/66 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 230929<br>|
| &nbsp;&nbsp;&nbsp; MercadoLibre Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 369246<br>|
| *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | &nbsp;&nbsp; *1931745* |
| *Hotels, Restaurants & Leisure — 3.1%* | *Hotels, Restaurants & Leisure — 3.1%* | *Hotels, Restaurants & Leisure — 3.1%* | *Hotels, Restaurants & Leisure — 3.1%* | *Hotels, Restaurants & Leisure — 3.1%* |
| &nbsp;&nbsp;&nbsp; Airbnb Inc., Senior Notes | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 3/16/31 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 119780<br>|
| &nbsp;&nbsp;&nbsp; Airbnb Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/16/36 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 190267<br>|
| &nbsp;&nbsp;&nbsp; Brightstar Lottery PLC, Senior Secured Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 287833<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Carnival Corp., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 504238<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Carnival Corp., Senior Secured Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 165700<br>|
| &nbsp;&nbsp;&nbsp; Full House Resorts Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/15/28 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 483625<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Hotels, Restaurants & Leisure — continued* | *Hotels, Restaurants & Leisure — continued* | *Hotels, Restaurants & Leisure — continued* | *Hotels, Restaurants & Leisure — continued* | *Hotels, Restaurants & Leisure — continued* |
| &nbsp;&nbsp;&nbsp; GLP Capital LP/GLP Financing II Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/1/36 | &nbsp;&nbsp; $430000<br>| &nbsp;&nbsp;&nbsp; $418615<br>|
| &nbsp;&nbsp;&nbsp; McDonald's Corp., Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 12/9/45 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 205152<br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 4/17/32 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 203125<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 9/24/33 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 192136<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 3.700% | &nbsp;&nbsp; 3/15/28 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 265755<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 5/15/33 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 115902<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 117943<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/27/38 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 66621<br>|
| &nbsp;&nbsp;&nbsp; Sands China Ltd., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 8/8/28 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 201624<br>|
| &nbsp;&nbsp;&nbsp; Wynn Macau Ltd., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 10/1/27 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 237803<br> <sup>(a)</sup><br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *3776119* |
| *Household Durables — 0.6%* | *Household Durables — 0.6%* | *Household Durables — 0.6%* | *Household Durables — 0.6%* | *Household Durables — 0.6%* |
| &nbsp;&nbsp;&nbsp; Lennar Corp., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/27 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 190461<br>|
| &nbsp;&nbsp;&nbsp; PulteGroup Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 3/1/36 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 77326<br>|
| &nbsp;&nbsp;&nbsp; Sekisui House US Inc., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 1/15/43 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 301944<br>|
| &nbsp;&nbsp;&nbsp; TopBuild Corp., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 1/31/34 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 195963<br> <sup>(a)</sup><br>|
| *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | &nbsp;&nbsp; *765694* |
| *Specialty Retail — 0.2%* | *Specialty Retail — 0.2%* | *Specialty Retail — 0.2%* | *Specialty Retail — 0.2%* | *Specialty Retail — 0.2%* |
| &nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Senior Secured Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 233892<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co. Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/1/31 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 69952<br> <sup>(a)</sup><br>|
| *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | &nbsp;&nbsp; *303844* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **7858019** |
| **Consumer Staples — 3.6%** | **Consumer Staples — 3.6%** | **Consumer Staples — 3.6%** | **Consumer Staples — 3.6%** | **Consumer Staples — 3.6%** |
| *Beverages — 0.7%* | *Beverages — 0.7%* | *Beverages — 0.7%* | *Beverages — 0.7%* | *Beverages — 0.7%* |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 2/1/46 | &nbsp;&nbsp; 840000<br>| &nbsp;&nbsp;&nbsp; 757463<br>|
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev Worldwide Inc., Senior Notes | &nbsp;&nbsp; 4.600% | &nbsp;&nbsp; 4/15/48 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 60620<br>|
| *Total Beverages* | *Total Beverages* | *Total Beverages* | *Total Beverages* | &nbsp;&nbsp; *818083* |
| *Consumer Staples Distribution & Retail — 0.1%* | *Consumer Staples Distribution & Retail — 0.1%* | *Consumer Staples Distribution & Retail — 0.1%* | *Consumer Staples Distribution & Retail — 0.1%* | *Consumer Staples Distribution & Retail — 0.1%* |
| &nbsp;&nbsp;&nbsp; Kroger Co., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/15/54 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; *120815*<br>|
| *Food Products — 0.9%* | *Food Products — 0.9%* | *Food Products — 0.9%* | *Food Products — 0.9%* | *Food Products — 0.9%* |
| &nbsp;&nbsp;&nbsp; J M Smucker Co., Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 11/15/33 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 243776<br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, Senior <br> Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 4/20/35 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 311719<br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, Senior <br> Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/10/37 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 70263<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, Senior <br> Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/25/55 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 139604<br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, Senior <br> Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 5/10/57 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 89901<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kraft Heinz Foods Co., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/4/42 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 96812<br>|
| &nbsp;&nbsp;&nbsp; Mars Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 5/1/45 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 108689<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mars Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 5/1/55 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 48788<br> <sup>(a)</sup><br>|
| *Total Food Products* | *Total Food Products* | *Total Food Products* | *Total Food Products* | &nbsp;&nbsp; *1109552* |
| *Tobacco — 1.9%* | *Tobacco — 1.9%* | *Tobacco — 1.9%* | *Tobacco — 1.9%* | *Tobacco — 1.9%* |
| &nbsp;&nbsp;&nbsp; Altria Group Inc., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 2/14/29 | &nbsp;&nbsp; 870000<br>| &nbsp;&nbsp;&nbsp; 877265<br>|
| &nbsp;&nbsp;&nbsp; Altria Group Inc., Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 9/16/46 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 242024<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Tobacco — continued* | *Tobacco — continued* | *Tobacco — continued* | *Tobacco — continued* | *Tobacco — continued* |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 8/15/55 | &nbsp;&nbsp; $110000<br>| &nbsp;&nbsp;&nbsp; $111372<br>|
| &nbsp;&nbsp;&nbsp; Imperial Brands Finance PLC, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 7/27/27 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 336781<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Philip Morris International Inc., Senior Notes | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 3/20/42 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 87490<br>|
| &nbsp;&nbsp;&nbsp; Reynolds American Inc., Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 321867<br>|
| &nbsp;&nbsp;&nbsp; Reynolds American Inc., Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 8/4/41 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 337369<br>|
| &nbsp;&nbsp;&nbsp; Reynolds American Inc., Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 8/15/45 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 87218<br>|
| *Total Tobacco* | *Total Tobacco* | *Total Tobacco* | *Total Tobacco* | &nbsp;&nbsp; *2401386* |
| **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **4449836** |
| **Energy — 10.2%** | **Energy — 10.2%** | **Energy — 10.2%** | **Energy — 10.2%** | **Energy — 10.2%** |
| *Energy Equipment & Services — 0.7%* | *Energy Equipment & Services — 0.7%* | *Energy Equipment & Services — 0.7%* | *Energy Equipment & Services — 0.7%* | *Energy Equipment & Services — 0.7%* |
| &nbsp;&nbsp;&nbsp; Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/36 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 343766<br>|
| &nbsp;&nbsp;&nbsp; Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 6/15/56 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 303560<br>|
| &nbsp;&nbsp;&nbsp; Halliburton Co., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/45 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 177558<br>|
| *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | &nbsp;&nbsp; *824884* |
| *Oil, Gas & Consumable Fuels — 9.5%* | *Oil, Gas & Consumable Fuels — 9.5%* | *Oil, Gas & Consumable Fuels — 9.5%* | *Oil, Gas & Consumable Fuels — 9.5%* | *Oil, Gas & Consumable Fuels — 9.5%* |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance Corp., Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 2/1/32 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 256396<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; APA Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 1/15/37 | &nbsp;&nbsp; 106000<br>| &nbsp;&nbsp;&nbsp; 107260<br>|
| &nbsp;&nbsp;&nbsp; APA Corp., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/1/42 | &nbsp;&nbsp; 39000<br>| &nbsp;&nbsp;&nbsp; 33423<br>|
| &nbsp;&nbsp;&nbsp; BP Capital Markets PLC, Senior Notes (6.125% to 6/18/35 then 5 year Treasury <br> Constant Maturity Rate + 1.924%) | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 3/18/35 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 121078<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cheniere Energy Partners LP, Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 10/30/35 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 50939<br>|
| &nbsp;&nbsp;&nbsp; Columbia Pipelines Operating Co. LLC, Senior Notes | &nbsp;&nbsp; 6.036% | &nbsp;&nbsp; 11/15/33 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 305691<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ConocoPhillips, Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 2/1/39 | &nbsp;&nbsp; 810000<br>| &nbsp;&nbsp;&nbsp; 895003<br>|
| &nbsp;&nbsp;&nbsp; Devon Energy Corp., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 7/15/41 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 309885<br>|
| &nbsp;&nbsp;&nbsp; Devon Energy Corp., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 9/15/54 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 122271<br>|
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 11/2/51 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 91655<br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Junior Subordinated Notes (6.750% to 2/15/36 then 5 year <br> Treasury Constant Maturity Rate + 2.475%) | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 2/15/56 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 199697<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Junior Subordinated Notes (7.125% to 5/15/30 then 5 year <br> Treasury Constant Maturity Rate + 5.306%) | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 5/15/30 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 336752<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 11/15/29 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 178018<br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 10/15/36 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; 21627<br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 6/15/38 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 40560<br>|
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 10/15/39 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 340723<br>|
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 2/16/55 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 346552<br>|
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Senior Notes (5.375% to 2/15/28 then 3 mo. <br> Term SOFR + 2.832%) | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 2/15/78 | &nbsp;&nbsp; 430000<br>| &nbsp;&nbsp;&nbsp; 427257<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Expand Energy Corp., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 170122<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Expand Energy Corp., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 71126<br>|
| &nbsp;&nbsp;&nbsp; Greensaif Pipelines Bidco Sarl, Senior Secured Notes | &nbsp;&nbsp; 6.103% | &nbsp;&nbsp; 8/23/42 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 348692<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Gulfstream Natural Gas System LLC, Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 7/23/35 | &nbsp;&nbsp; 430000<br>| &nbsp;&nbsp;&nbsp; 436060<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kinder Morgan Inc., Senior Notes | &nbsp;&nbsp; 7.800% | &nbsp;&nbsp; 8/1/31 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2282449<br>|
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp., Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 9/15/31 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 216254<br>|
| &nbsp;&nbsp;&nbsp; ONEOK Inc., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 9/1/33 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 377614<br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 1/17/27 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 193280<br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 6.900% | &nbsp;&nbsp; 3/19/49 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 134710<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* |
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/10/51 | &nbsp;&nbsp; $100000<br>| &nbsp;&nbsp;&nbsp; $80028<br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 6/5/2115 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 273191<br>|
| &nbsp;&nbsp;&nbsp; Phillips 66, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 5/1/42 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 160387<br>|
| &nbsp;&nbsp;&nbsp; Sunoco LP, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 498059<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/15/35 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 302788<br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 4/15/52 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 134106<br>|
| &nbsp;&nbsp;&nbsp; Transcontinental Gas Pipe Line Co. LLC, Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 12/1/26 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 234120<br>|
| &nbsp;&nbsp;&nbsp; Transcontinental Gas Pipe Line Co. LLC, Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 8/15/41 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 299088<br>|
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 84784<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Viper Energy Partners LLC, Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 8/1/35 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 191597<br>|
| &nbsp;&nbsp;&nbsp; Western Midstream Operating LP, Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 8/15/28 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 250786<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos. Inc., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 1/15/31 | &nbsp;&nbsp; 47000<br>| &nbsp;&nbsp;&nbsp; 52555<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos. Inc., Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 6/15/31 | &nbsp;&nbsp; 37000<br>| &nbsp;&nbsp;&nbsp; 41915<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos. Inc., Senior Notes | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 3/15/32 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 724753<br>|
| *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | &nbsp;&nbsp; *11743251* |
| **Total Energy** | **Total Energy** | **Total Energy** | **Total Energy** | &nbsp;&nbsp; **12568135** |
| **Financials — 37.0%** | **Financials — 37.0%** | **Financials — 37.0%** | **Financials — 37.0%** | **Financials — 37.0%** |
| *Banks — 16.7%* | *Banks — 16.7%* | *Banks — 16.7%* | *Banks — 16.7%* | *Banks — 16.7%* |
| &nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA, Junior Subordinated Notes (7.500% to 6/27/29 <br> then 10 year Treasury Constant Maturity Rate + 5.470%) | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 6/27/29 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 200113<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA, Junior Subordinated Notes (8.750% to 5/20/35 <br> then 10 year Treasury Constant Maturity Rate + 4.299%) | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 5/20/35 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 208640<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco Santander SA, Senior Notes | &nbsp;&nbsp; 5.294% | &nbsp;&nbsp; 8/18/27 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 403935<br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 2/7/42 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 329826<br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (5.045% to 2/6/36 then SOFR + 1.130%) | &nbsp;&nbsp; 5.045% | &nbsp;&nbsp; 2/6/37 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 365226<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (5.511% to 1/24/35 then SOFR + 1.310%) | &nbsp;&nbsp; 5.511% | &nbsp;&nbsp; 1/24/36 | &nbsp;&nbsp; 460000<br>| &nbsp;&nbsp;&nbsp; 469262<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Subordinated Notes | &nbsp;&nbsp; 6.110% | &nbsp;&nbsp; 1/29/37 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 335782<br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Subordinated Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 5/14/38 | &nbsp;&nbsp; 900000<br>| &nbsp;&nbsp;&nbsp; 1069887<br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Subordinated Notes (5.518% to 10/25/34 then SOFR + <br> 1.738%) | &nbsp;&nbsp; 5.518% | &nbsp;&nbsp; 10/25/35 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 610200<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia, Junior Subordinated Notes (8.000% to 1/27/29 then 5 year <br> Treasury Constant Maturity Rate + 4.017%) | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 1/27/84 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 377186<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Barclays PLC, Senior Notes (5.785% to 2/25/35 then SOFR + 1.590%) | &nbsp;&nbsp; 5.785% | &nbsp;&nbsp; 2/25/36 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 232662<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Barclays PLC, Subordinated Notes (5.088% to 6/20/29 then 3 mo. USD LIBOR + <br> 3.054%) | &nbsp;&nbsp; 5.088% | &nbsp;&nbsp; 6/20/30 | &nbsp;&nbsp; 640000<br>| &nbsp;&nbsp;&nbsp; 642306<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, Junior Subordinated Notes (8.500% to 8/14/28 then 5 year <br> Treasury Constant Maturity Rate + 4.354%) | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 8/14/28 | &nbsp;&nbsp; 940000<br>| &nbsp;&nbsp;&nbsp; 980041<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, Senior Notes (5.786% to 1/13/32 then SOFR + 1.620%) | &nbsp;&nbsp; 5.786% | &nbsp;&nbsp; 1/13/33 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 258514<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; BPCE SA, Senior Notes (6.714% to 10/19/28 then SOFR + 2.270%) | &nbsp;&nbsp; 6.714% | &nbsp;&nbsp; 10/19/29 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 366190<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; CaixaBank SA, Senior Notes (5.581% to 7/3/35 then SOFR + 1.790%) | &nbsp;&nbsp; 5.581% | &nbsp;&nbsp; 7/3/36 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 422589<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Junior Subordinated Notes (6.625% to 2/15/31 then 5 year <br> Treasury Constant Maturity Rate + 3.001%) | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 230329<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 7/15/39 | &nbsp;&nbsp; 251000<br>| &nbsp;&nbsp;&nbsp; 312813<br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 1/30/42 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 243132<br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Subordinated Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 8/25/36 | &nbsp;&nbsp; 404000<br>| &nbsp;&nbsp;&nbsp; 420674<br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Subordinated Notes | &nbsp;&nbsp; 6.675% | &nbsp;&nbsp; 9/13/43 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 395955<br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Subordinated Notes (6.174% to 5/25/33 then SOFR + 2.661%) | &nbsp;&nbsp; 6.174% | &nbsp;&nbsp; 5/25/34 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 258906<br> <sup>(d)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Banks — continued* | *Banks — continued* | *Banks — continued* | *Banks — continued* | *Banks — continued* |
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp; $450000<br>| &nbsp;&nbsp;&nbsp; $438979<br>|
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 8/4/45 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 311103<br>|
| &nbsp;&nbsp;&nbsp; Credit Agricole SA, Senior Notes (6.316% to 10/3/28 then SOFR + 1.860%) | &nbsp;&nbsp; 6.316% | &nbsp;&nbsp; 10/3/29 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 301961<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Junior Subordinated Notes (6.500% to 3/23/28 then USD 5 <br> year ICE Swap Rate + 3.606%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 3/23/28 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 299918<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 3/31/30 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 202401<br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (5.279% to 3/10/36 then SOFR + 1.550%) | &nbsp;&nbsp; 5.279% | &nbsp;&nbsp; 3/10/37 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 412613<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (5.450% to 3/3/35 then SOFR + 1.560%) | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 3/3/36 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 371226<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (5.546% to 3/4/29 then SOFR + 1.460%) | &nbsp;&nbsp; 5.546% | &nbsp;&nbsp; 3/4/30 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 348450<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (6.254% to 3/9/33 then SOFR + 2.390%) | &nbsp;&nbsp; 6.254% | &nbsp;&nbsp; 3/9/34 | &nbsp;&nbsp; 840000<br>| &nbsp;&nbsp;&nbsp; 890510<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Huntington Bancshares Inc., Subordinated Notes (5.605% to 1/28/36 then 5 year <br> Treasury Constant Maturity Rate + 1.350%) | &nbsp;&nbsp; 5.605% | &nbsp;&nbsp; 1/28/41 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 351495<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; ING Groep NV, Senior Notes (5.525% to 3/25/35 then SOFR + 1.610%) | &nbsp;&nbsp; 5.525% | &nbsp;&nbsp; 3/25/36 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 263132<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA, Senior Notes | &nbsp;&nbsp; 7.800% | &nbsp;&nbsp; 11/28/53 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 233876<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA, Senior Notes (7.778% to 6/20/53 then 1 year Treasury <br> Constant Maturity Rate + 3.900%) | &nbsp;&nbsp; 7.778% | &nbsp;&nbsp; 6/20/54 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 251073<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Junior Subordinated Notes (6.500% to 4/1/30 then 5 <br> year Treasury Constant Maturity Rate + 2.152%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 4/1/30 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 205343<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (5.534% to 11/29/44 then SOFR + 1.550%) | &nbsp;&nbsp; 5.534% | &nbsp;&nbsp; 11/29/45 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 304681<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Subordinated Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 8/16/43 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 438816<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Subordinated Notes (5.576% to 7/23/35 then SOFR + <br> 1.635%) | &nbsp;&nbsp; 5.576% | &nbsp;&nbsp; 7/23/36 | &nbsp;&nbsp; 460000<br>| &nbsp;&nbsp;&nbsp; 466013<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC, Junior Subordinated Notes (8.000% to 3/27/30 then 5 <br> year Treasury Constant Maturity Rate + 3.913%) | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 9/27/29 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 283648<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; NatWest Group PLC, Senior Notes (5.115% to 5/23/30 then 1 year Treasury <br> Constant Maturity Rate + 1.050%) | &nbsp;&nbsp; 5.115% | &nbsp;&nbsp; 5/23/31 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 414231<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc., Subordinated Notes (5.423% to 1/25/36 then <br> 5 year Treasury Constant Maturity Rate + 1.170%) | &nbsp;&nbsp; 5.423% | &nbsp;&nbsp; 1/25/41 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 480242<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Societe Generale SA, Senior Notes (6.100% to 4/13/32 then 1 year Treasury <br> Constant Maturity Rate + 1.600%) | &nbsp;&nbsp; 6.100% | &nbsp;&nbsp; 4/13/33 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 228667<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC, Subordinated Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 3/26/44 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 389981<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank, Junior Subordinated Notes (7.250% to 7/31/29 then 5 <br> year Treasury Constant Maturity Rate + 2.977%) | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 7/31/84 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 204235<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Truist Financial Corp., Senior Notes (5.867% to 6/8/33 then SOFR + 2.361%) | &nbsp;&nbsp; 5.867% | &nbsp;&nbsp; 6/8/34 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 166780<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Truist Financial Corp., Senior Notes (7.161% to 10/30/28 then SOFR + 2.446%) | &nbsp;&nbsp; 7.161% | &nbsp;&nbsp; 10/30/29 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 244542<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; US Bancorp, Senior Notes (5.033% to 1/26/36 then SOFR + 1.101%) | &nbsp;&nbsp; 5.033% | &nbsp;&nbsp; 1/26/37 | &nbsp;&nbsp; 630000<br>| &nbsp;&nbsp;&nbsp; 620970<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; US Bancorp, Senior Notes (5.836% to 6/10/33 then SOFR + 2.260%) | &nbsp;&nbsp; 5.836% | &nbsp;&nbsp; 6/12/34 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 313244<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Junior Subordinated Notes (6.125% to 6/15/31 then 5 year <br> Treasury Constant Maturity Rate + 2.340%) | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 6/15/31 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 341370<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (5.211% to 12/3/34 then SOFR + 1.380%) | &nbsp;&nbsp; 5.211% | &nbsp;&nbsp; 12/3/35 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp; 677294<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (5.557% to 7/25/33 then SOFR + 1.990%) | &nbsp;&nbsp; 5.557% | &nbsp;&nbsp; 7/25/34 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 461333<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (5.605% to 4/23/35 then SOFR + 1.740%) | &nbsp;&nbsp; 5.605% | &nbsp;&nbsp; 4/23/36 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 235448<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Subordinated Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 11/2/43 | &nbsp;&nbsp; 430000<br>| &nbsp;&nbsp;&nbsp; 402321<br>|
| *Total Banks* | *Total Banks* | *Total Banks* | *Total Banks* | &nbsp;&nbsp; *20690064* |
| *Capital Markets — 9.4%* | *Capital Markets — 9.4%* | *Capital Markets — 9.4%* | *Capital Markets — 9.4%* | *Capital Markets — 9.4%* |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/1/30 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 481561<br>|
| &nbsp;&nbsp;&nbsp; Ares Management Corp., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 10/11/54 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 158701<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp., Junior Subordinated Notes (5.950% to 12/20/30 <br> then 5 year Treasury Constant Maturity Rate + 2.271%) | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 12/20/30 | &nbsp;&nbsp; $200000<br>| &nbsp;&nbsp;&nbsp; $200195<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Carlyle Group Inc., Senior Notes | &nbsp;&nbsp; 5.050% | &nbsp;&nbsp; 9/19/35 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 77263<br>|
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp., Senior Notes (5.853% to 5/19/33 then SOFR + 2.500%) | &nbsp;&nbsp; 5.853% | &nbsp;&nbsp; 5/19/34 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 273217<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp., Senior Notes (6.136% to 8/24/33 then SOFR + 2.010%) | &nbsp;&nbsp; 6.136% | &nbsp;&nbsp; 8/24/34 | &nbsp;&nbsp; 600000<br>| &nbsp;&nbsp;&nbsp; 638933<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; CI Financial Corp., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 5/30/29 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 440970<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CI Financial Corp., Senior Notes | &nbsp;&nbsp; 3.200% | &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 44521<br>|
| &nbsp;&nbsp;&nbsp; CME Group Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 9/15/43 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 433953<br>|
| &nbsp;&nbsp;&nbsp; Credit Suisse AG AT1 Claim | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1700000<br>| &nbsp;&nbsp;&nbsp; 0<br> \*<sup>(e)(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Junior Subordinated Notes (6.850% to 2/10/30 then <br> 5 year Treasury Constant Maturity Rate + 2.461%) | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 2/10/30 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 163190<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Junior Subordinated Notes (7.500% to 2/10/29 then <br> 5 year Treasury Constant Maturity Rate + 3.156%) | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 2/10/29 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 104451<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 2/1/41 | &nbsp;&nbsp; 570000<br>| &nbsp;&nbsp;&nbsp; 600522<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes (5.065% to 1/21/36 then SOFR + <br> 1.190%) | &nbsp;&nbsp; 5.065% | &nbsp;&nbsp; 1/21/37 | &nbsp;&nbsp; 760000<br>| &nbsp;&nbsp;&nbsp; 743314<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes (5.536% to 1/28/35 then SOFR + <br> 1.380%) | &nbsp;&nbsp; 5.536% | &nbsp;&nbsp; 1/28/36 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 355922<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Subordinated Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 10/1/37 | &nbsp;&nbsp; 640000<br>| &nbsp;&nbsp;&nbsp; 690777<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Subordinated Notes | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 5/22/45 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 447544<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Subordinated Notes (5.387% to 2/2/36 then 5 year <br> Treasury Constant Maturity Rate + 1.180%) | &nbsp;&nbsp; 5.387% | &nbsp;&nbsp; 2/2/41 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 483258<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 6/15/52 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 221364<br>|
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange Inc., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 6/15/62 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 230600<br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 7/24/42 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 96496<br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (5.073% to 1/30/36 then SOFR + 1.184%) | &nbsp;&nbsp; 5.073% | &nbsp;&nbsp; 1/30/37 | &nbsp;&nbsp; 750000<br>| &nbsp;&nbsp;&nbsp; 735070<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (5.664% to 4/17/35 then SOFR + 1.757%) | &nbsp;&nbsp; 5.664% | &nbsp;&nbsp; 4/17/36 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 215171<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Subordinated Notes (5.297% to 4/20/32 then SOFR + 2.620%) | &nbsp;&nbsp; 5.297% | &nbsp;&nbsp; 4/20/37 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 129755<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Subordinated Notes (5.314% to 1/18/36 then 5 year Treasury <br> Constant Maturity Rate + 1.170%) | &nbsp;&nbsp; 5.314% | &nbsp;&nbsp; 1/18/41 | &nbsp;&nbsp; 460000<br>| &nbsp;&nbsp;&nbsp; 444272<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Subordinated Notes (5.948% to 1/19/33 then 5 year Treasury <br> Constant Maturity Rate + 2.430%) | &nbsp;&nbsp; 5.948% | &nbsp;&nbsp; 1/19/38 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 51246<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Raymond James Financial Inc., Senior Notes | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 4/1/30 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 70686<br>|
| &nbsp;&nbsp;&nbsp; Raymond James Financial Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 9/11/55 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 75800<br>|
| &nbsp;&nbsp;&nbsp; State Street Corp., Junior Subordinated Notes (6.700% to 3/15/29 then 5 year <br> Treasury Constant Maturity Rate + 2.613%) | &nbsp;&nbsp; 6.700% | &nbsp;&nbsp; 3/15/29 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 254161<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Americas Inc., Senior Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 7/15/32 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 44708<br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (7.000% to 7/8/36 then USISSO05 + <br> 3.321%) | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 1/8/36 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 483600<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (7.750% to 4/12/31 then USD 5 year <br> SOFR ICE Swap Rate + 4.160%) | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 4/12/31 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 206671<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (9.250% to 11/13/33 then 5 year <br> Treasury Constant Maturity Rate + 4.758%) | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 11/13/33 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 326714<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Senior Notes (5.199% to 8/10/36 then SOFR + 1.340%) | &nbsp;&nbsp; 5.199% | &nbsp;&nbsp; 8/10/37 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 429946<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Senior Notes (5.580% to 5/9/35 then SOFR + 1.760%) | &nbsp;&nbsp; 5.580% | &nbsp;&nbsp; 5/9/36 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 345000<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Senior Notes (6.301% to 9/22/33 then 1 year Treasury Constant <br> Maturity Rate + 2.000%) | &nbsp;&nbsp; 6.301% | &nbsp;&nbsp; 9/22/34 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 244609<br> <sup>(a)(d)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* |
| &nbsp;&nbsp;&nbsp; UBS Group AG, Senior Notes (6.537% to 8/12/32 then SOFR + 3.920%) | &nbsp;&nbsp; 6.537% | &nbsp;&nbsp; 8/12/33 | &nbsp;&nbsp; $380000<br>| &nbsp;&nbsp;&nbsp; $409331<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Senior Notes (9.016% to 11/15/32 then SOFR + 5.020%) | &nbsp;&nbsp; 9.016% | &nbsp;&nbsp; 11/15/33 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 304670<br> <sup>(a)(d)</sup><br>|
| *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | &nbsp;&nbsp; *11658162* |
| *Consumer Finance — 1.2%* | *Consumer Finance — 1.2%* | *Consumer Finance — 1.2%* | *Consumer Finance — 1.2%* | *Consumer Finance — 1.2%* |
| &nbsp;&nbsp;&nbsp; American Express Co., Junior Subordinated Notes (3.550% to 9/15/26 then 5 <br> year Treasury Constant Maturity Rate + 2.854%) | &nbsp;&nbsp; 3.550% | &nbsp;&nbsp; 9/15/26 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 197860<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; American Express Co., Senior Notes (5.667% to 4/25/35 then SOFR + 1.790%) | &nbsp;&nbsp; 5.667% | &nbsp;&nbsp; 4/25/36 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 279172<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp., Senior Notes (5.817% to 2/1/33 then SOFR + <br> 2.600%) | &nbsp;&nbsp; 5.817% | &nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 153568<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Midcap Financial Issuer Trust, Junior Subordinated Notes (3 mo. Term SOFR + <br> 3.750%) | &nbsp;&nbsp; 7.422% | &nbsp;&nbsp; 1/15/56 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 234880<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Midcap Financial Issuer Trust, Senior Notes | &nbsp;&nbsp; 5.370% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 572984<br> <sup>(a)</sup><br>|
| *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | &nbsp;&nbsp; *1438464* |
| *Financial Services — 2.3%* | *Financial Services — 2.3%* | *Financial Services — 2.3%* | *Financial Services — 2.3%* | *Financial Services — 2.3%* |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/35 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 289987<br>|
| &nbsp;&nbsp;&nbsp; Apollo Global Management Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 3/30/36 | &nbsp;&nbsp; 460000<br>| &nbsp;&nbsp;&nbsp; 460648<br>|
| &nbsp;&nbsp;&nbsp; Carlyle Finance LLC, Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 9/15/48 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 103546<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citadel Securities Global Holdings LLC, Senior Secured Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 1/27/32 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 317621<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ILFC E-Capital Trust I, Ltd. GTD | &nbsp;&nbsp; 6.380% | &nbsp;&nbsp; 12/21/65 | &nbsp;&nbsp; 470000<br>| &nbsp;&nbsp;&nbsp; 400754<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; ILFC E-Capital Trust II, Ltd. GTD | &nbsp;&nbsp; 6.630% | &nbsp;&nbsp; 12/21/65 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 235882<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance Inc., Senior Secured Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 11/1/32 | &nbsp;&nbsp; 620000<br>| &nbsp;&nbsp;&nbsp; 613647<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 3/15/35 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 317739<br>|
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/15/35 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 169408<br>|
| *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | &nbsp;&nbsp; *2909232* |
| *Insurance — 6.9%* | *Insurance — 6.9%* | *Insurance — 6.9%* | *Insurance — 6.9%* | *Insurance — 6.9%* |
| &nbsp;&nbsp;&nbsp; Allianz SE, Junior Subordinated Notes (6.550% to 4/30/34 then 5 year Treasury <br> Constant Maturity Rate + 2.317%) | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 10/30/33 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 200455<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Allstate Corp., Junior Subordinated Notes (6.500% to 5/15/37 then 3 mo. USD <br> LIBOR + 2.120%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 5/15/57 | &nbsp;&nbsp; 480000<br>| &nbsp;&nbsp;&nbsp; 491207<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; American International Group Inc., Junior Subordinated Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 3/15/37 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 76577<br>|
| &nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 12/31/32 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 166126<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 48579<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Athene Holding Ltd., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 4/1/54 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 367434<br>|
| &nbsp;&nbsp;&nbsp; AXA SA, Subordinated Notes | &nbsp;&nbsp; 8.600% | &nbsp;&nbsp; 12/15/30 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 229968<br>|
| &nbsp;&nbsp;&nbsp; Dai-ichi Life Insurance Co. Ltd., Subordinated Notes (6.200% to 1/16/35 then 5 <br> year Treasury Constant Maturity Rate + 2.515%) | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 1/16/35 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 201269<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Global Atlantic Fin Co., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/15/54 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 279738<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Global Atlantic Fin Co., Senior Notes (7.250% to 3/1/31 then 5 year Treasury <br> Constant Maturity Rate + 3.550%) | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 3/1/56 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 367939<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Liberty Mutual Insurance Co., Subordinated Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 10/15/26 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 496605<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Loews Corp., Senior Notes | &nbsp;&nbsp; 4.940% | &nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 107721<br>|
| &nbsp;&nbsp;&nbsp; Manulife Financial Corp., Senior Notes | &nbsp;&nbsp; 4.986% | &nbsp;&nbsp; 12/11/35 | &nbsp;&nbsp; 490000<br>| &nbsp;&nbsp;&nbsp; 478911<br>|
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos. Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 158573<br>|
| &nbsp;&nbsp;&nbsp; Meiji Yasuda Life Insurance Co., Subordinated Notes (6.100% to 6/11/35 then 5 <br> year Treasury Constant Maturity Rate + 2.911%) | &nbsp;&nbsp; 6.100% | &nbsp;&nbsp; 6/11/55 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 210930<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; MetLife Inc., Junior Subordinated Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 12/15/36 | &nbsp;&nbsp; 1150000<br>| &nbsp;&nbsp;&nbsp; 1174608<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Insurance — continued* | *Insurance — continued* | *Insurance — continued* | *Insurance — continued* | *Insurance — continued* |
| &nbsp;&nbsp;&nbsp; MetLife Inc., Subordinated Notes (5.850% to 3/15/36 then 5 year Treasury <br> Constant Maturity Rate + 1.817%) | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 3/15/56 | &nbsp;&nbsp; $350000<br>| &nbsp;&nbsp;&nbsp; $343701<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; MetLife Inc., Subordinated Notes (6.350% to 3/15/35 then 5 year Treasury <br> Constant Maturity Rate + 2.078%) | &nbsp;&nbsp; 6.350% | &nbsp;&nbsp; 3/15/55 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 284260<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nippon Life Insurance Co., Subordinated Notes (6.500% to 4/30/35 then 5 year <br> Treasury Constant Maturity Rate + 3.189%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 4/30/55 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 248145<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 6.170% | &nbsp;&nbsp; 5/29/55 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 226187<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pacific Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 9/15/55 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 226117<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Prudential Financial Inc., Junior Subordinated Notes (6.500% to 3/15/34 then 5 <br> year Treasury Constant Maturity Rate + 2.404%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 3/15/54 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 122972<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Prudential Financial Inc., Junior Subordinated Notes (6.750% to 3/1/33 then 5 <br> year Treasury Constant Maturity Rate + 2.848%) | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/1/53 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 176740<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Reinsurance Group of America Inc., Subordinated Notes (6.375% to 9/15/36 then <br> 5 year Treasury Constant Maturity Rate + 2.344%) | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 9/15/56 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 116041<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; RenaissanceRe Holdings Ltd., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/5/33 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 195181<br>|
| &nbsp;&nbsp;&nbsp; Symetra Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 10/1/55 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 190566<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Teachers Insurance & Annuity Association of America, Subordinated Notes | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 12/16/39 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 448851<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Travelers Cos. Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 7/24/55 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 278249<br>|
| &nbsp;&nbsp;&nbsp; Wynnton Funding Trust II, Senior Notes | &nbsp;&nbsp; 5.991% | &nbsp;&nbsp; 8/15/55 | &nbsp;&nbsp; 580000<br>| &nbsp;&nbsp;&nbsp; 573655<br> <sup>(a)</sup><br>|
| *Total Insurance* | *Total Insurance* | *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *8487305* |
| *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* |
| &nbsp;&nbsp;&nbsp; Blackstone Holdings Finance Co. LLC, Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 4/22/33 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 476762<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/1/30 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 120302<br>|
| *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | &nbsp;&nbsp; *597064* |
| **Total Financials** | **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **45780291** |
| **Health Care — 4.6%** | **Health Care — 4.6%** | **Health Care — 4.6%** | **Health Care — 4.6%** | **Health Care — 4.6%** |
| *Biotechnology — 1.2%* | *Biotechnology — 1.2%* | *Biotechnology — 1.2%* | *Biotechnology — 1.2%* | *Biotechnology — 1.2%* |
| &nbsp;&nbsp;&nbsp; Amgen Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/2/33 | &nbsp;&nbsp; 740000<br>| &nbsp;&nbsp;&nbsp; 759664<br>|
| &nbsp;&nbsp;&nbsp; Amgen Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 3/2/53 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 290760<br>|
| &nbsp;&nbsp;&nbsp; Amgen Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 3/2/63 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 105888<br>|
| &nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/15/34 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 197052<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Gilead Sciences Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 61100<br>|
| &nbsp;&nbsp;&nbsp; Gilead Sciences Inc., Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 3/1/46 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 44338<br>|
| *Total Biotechnology* | *Total Biotechnology* | *Total Biotechnology* | *Total Biotechnology* | &nbsp;&nbsp; *1458802* |
| *Health Care Equipment & Supplies — 0.3%* | *Health Care Equipment & Supplies — 0.3%* | *Health Care Equipment & Supplies — 0.3%* | *Health Care Equipment & Supplies — 0.3%* | *Health Care Equipment & Supplies — 0.3%* |
| &nbsp;&nbsp;&nbsp; Abbott Laboratories, Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 3/15/38 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 135820<br>|
| &nbsp;&nbsp;&nbsp; Stryker Corp., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 2/10/35 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 263365<br>|
| *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | &nbsp;&nbsp; *399185* |
| *Health Care Providers & Services — 2.6%* | *Health Care Providers & Services — 2.6%* | *Health Care Providers & Services — 2.6%* | *Health Care Providers & Services — 2.6%* | *Health Care Providers & Services — 2.6%* |
| &nbsp;&nbsp;&nbsp; Centene Corp., Senior Notes | &nbsp;&nbsp; 3.375% | &nbsp;&nbsp; 2/15/30 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 54237<br>|
| &nbsp;&nbsp;&nbsp; Cigna Group, Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 8/15/38 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 263399<br>|
| &nbsp;&nbsp;&nbsp; CommonSpirit Health, Secured Notes | &nbsp;&nbsp; 5.662% | &nbsp;&nbsp; 9/1/55 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 154201<br>|
| &nbsp;&nbsp;&nbsp; CVS Health Corp., Junior Subordinated Notes (7.000% to 3/10/30 then 5 year <br> Treasury Constant Maturity Rate + 2.886%) | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 3/10/55 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 154690<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; CVS Health Corp., Senior Notes | &nbsp;&nbsp; 4.780% | &nbsp;&nbsp; 3/25/38 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 516363<br>|
| &nbsp;&nbsp;&nbsp; HCA Inc., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 6/15/39 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 103725<br>|
| &nbsp;&nbsp;&nbsp; HCA Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/15/47 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 201814<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* |
| &nbsp;&nbsp;&nbsp; HCA Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/49 | &nbsp;&nbsp; $350000<br>| &nbsp;&nbsp;&nbsp; $309083<br>|
| &nbsp;&nbsp;&nbsp; HCA Inc., Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 3/1/55 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 386685<br>|
| &nbsp;&nbsp;&nbsp; Humana Inc., Senior Notes | &nbsp;&nbsp; 8.150% | &nbsp;&nbsp; 6/15/38 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 93773<br>|
| &nbsp;&nbsp;&nbsp; Inova Health System Foundation, Senior Notes | &nbsp;&nbsp; 4.068% | &nbsp;&nbsp; 5/15/52 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 70771<br>|
| &nbsp;&nbsp;&nbsp; Orlando Health Obligated Group, Senior Notes | &nbsp;&nbsp; 5.475% | &nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 205385<br>|
| &nbsp;&nbsp;&nbsp; TEAM Services Holding Inc., Senior Secured Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 2/15/33 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 137381<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 6/15/35 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 102062<br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 7/15/44 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 115883<br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 7/15/54 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 247980<br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 6/15/55 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 80652<br>|
| *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | &nbsp;&nbsp; *3198084* |
| *Pharmaceuticals — 0.5%* | *Pharmaceuticals — 0.5%* | *Pharmaceuticals — 0.5%* | *Pharmaceuticals — 0.5%* | *Pharmaceuticals — 0.5%* |
| &nbsp;&nbsp;&nbsp; Bausch Health Cos. Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/30/28 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 67688<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Novartis Capital Corp., Senior Notes | &nbsp;&nbsp; 4.600% | &nbsp;&nbsp; 3/18/33 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 69723<br>|
| &nbsp;&nbsp;&nbsp; Pfizer Investment Enterprises Pte Ltd., Senior Notes | &nbsp;&nbsp; 5.110% | &nbsp;&nbsp; 5/19/43 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 283293<br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 9/15/31 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 223834<br>|
| *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | &nbsp;&nbsp; *644538* |
| **Total Health Care** | **Total Health Care** | **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **5700609** |
| **Industrials — 5.7%** | **Industrials — 5.7%** | **Industrials — 5.7%** | **Industrials — 5.7%** | **Industrials — 5.7%** |
| *Aerospace & Defense — 1.9%* | *Aerospace & Defense — 1.9%* | *Aerospace & Defense — 1.9%* | *Aerospace & Defense — 1.9%* | *Aerospace & Defense — 1.9%* |
| &nbsp;&nbsp;&nbsp; Boeing Co., Senior Notes | &nbsp;&nbsp; 6.528% | &nbsp;&nbsp; 5/1/34 | &nbsp;&nbsp; 900000<br>| &nbsp;&nbsp;&nbsp; 980784<br>|
| &nbsp;&nbsp;&nbsp; Boeing Co., Senior Notes | &nbsp;&nbsp; 5.705% | &nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 210429<br>|
| &nbsp;&nbsp;&nbsp; HEICO Corp., Senior Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 8/1/33 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 244567<br>|
| &nbsp;&nbsp;&nbsp; Hexcel Corp., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 2/26/35 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 277343<br>|
| &nbsp;&nbsp;&nbsp; Honeywell Aerospace Inc., Senior Notes | &nbsp;&nbsp; 4.300% | &nbsp;&nbsp; 3/16/31 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 49476<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Honeywell Aerospace Inc., Senior Notes | &nbsp;&nbsp; 5.622% | &nbsp;&nbsp; 3/16/46 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 98605<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Honeywell Aerospace Inc., Senior Notes | &nbsp;&nbsp; 5.732% | &nbsp;&nbsp; 3/16/56 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 286854<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; L3Harris Technologies Inc., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 7/31/33 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 195004<br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *2343062* |
| *Air Freight & Logistics — 0.1%* | *Air Freight & Logistics — 0.1%* | *Air Freight & Logistics — 0.1%* | *Air Freight & Logistics — 0.1%* | *Air Freight & Logistics — 0.1%* |
| &nbsp;&nbsp;&nbsp; United Parcel Service Inc., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 5/14/55 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; *181923*<br>|
| *Building Products — 0.3%* | *Building Products — 0.3%* | *Building Products — 0.3%* | *Building Products — 0.3%* | *Building Products — 0.3%* |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings Inc., Senior Secured Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 3/1/32 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *345016*<br> <sup>(a)</sup><br>|
| *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* |
| &nbsp;&nbsp;&nbsp; Rollins Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/24/35 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 109980<br>|
| &nbsp;&nbsp;&nbsp; Waste Management Inc., Senior Notes | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 323063<br>|
| *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | &nbsp;&nbsp; *433043* |
| *Construction & Engineering — 0.2%* | *Construction & Engineering — 0.2%* | *Construction & Engineering — 0.2%* | *Construction & Engineering — 0.2%* | *Construction & Engineering — 0.2%* |
| &nbsp;&nbsp;&nbsp; AECOM, Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 8/1/33 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *229960*<br> <sup>(a)</sup><br>|
| *Electrical Equipment — 0.3%* | *Electrical Equipment — 0.3%* | *Electrical Equipment — 0.3%* | *Electrical Equipment — 0.3%* | *Electrical Equipment — 0.3%* |
| &nbsp;&nbsp;&nbsp; Eaton Corp., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 3/6/36 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 197536<br>|
| &nbsp;&nbsp;&nbsp; GE Vernova Inc., Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 2/4/36 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 128894<br>|
| &nbsp;&nbsp;&nbsp; GE Vernova Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/4/56 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 86642<br>|
| *Total Electrical Equipment* | *Total Electrical Equipment* | *Total Electrical Equipment* | *Total Electrical Equipment* | &nbsp;&nbsp; *413072* |
| *Ground Transportation — 0.3%* | *Ground Transportation — 0.3%* | *Ground Transportation — 0.3%* | *Ground Transportation — 0.3%* | *Ground Transportation — 0.3%* |
| &nbsp;&nbsp;&nbsp; Fedex Freight Holding Co. Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 135501<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Ground Transportation — continued* | *Ground Transportation — continued* | *Ground Transportation — continued* | *Ground Transportation — continued* | *Ground Transportation — continued* |
| &nbsp;&nbsp;&nbsp; Uber Technologies Inc., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 9/15/35 | &nbsp;&nbsp; $210000<br>| &nbsp;&nbsp;&nbsp; $203877<br>|
| *Total Ground Transportation* | *Total Ground Transportation* | *Total Ground Transportation* | *Total Ground Transportation* | &nbsp;&nbsp; *339378* |
| *Industrial Conglomerates — 0.3%* | *Industrial Conglomerates — 0.3%* | *Industrial Conglomerates — 0.3%* | *Industrial Conglomerates — 0.3%* | *Industrial Conglomerates — 0.3%* |
| &nbsp;&nbsp;&nbsp; Siemens Funding BV, Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 5/28/55 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *377492*<br> <sup>(a)</sup><br>|
| *Machinery — 0.3%* | *Machinery — 0.3%* | *Machinery — 0.3%* | *Machinery — 0.3%* | *Machinery — 0.3%* |
| &nbsp;&nbsp;&nbsp; Caterpillar Inc., Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 5/15/64 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 189925<br>|
| &nbsp;&nbsp;&nbsp; Otis Worldwide Corp., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 11/19/31 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 235376<br>|
| *Total Machinery* | *Total Machinery* | *Total Machinery* | *Total Machinery* | &nbsp;&nbsp; *425301* |
| *Passenger Airlines — 1.1%* | *Passenger Airlines — 1.1%* | *Passenger Airlines — 1.1%* | *Passenger Airlines — 1.1%* | *Passenger Airlines — 1.1%* |
| &nbsp;&nbsp;&nbsp; American Airlines Inc./AAdvantage Loyalty IP Ltd., Senior Secured Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 4/20/26 | &nbsp;&nbsp; 9167<br>| &nbsp;&nbsp;&nbsp; 9179<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 11/11/34 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 100705<br>|
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 5/11/38 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 136727<br>|
| &nbsp;&nbsp;&nbsp; Southwest Airlines Co., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 6/15/27 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 190659<br>|
| &nbsp;&nbsp;&nbsp; Southwest Airlines Co., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 11/15/35 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 347499<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 3/1/31 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 137279<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Inc., Senior Secured Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 431983<br> <sup>(a)</sup><br>|
| *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | &nbsp;&nbsp; *1354031* |
| *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* |
| &nbsp;&nbsp;&nbsp; Air Lease Corp., Junior Subordinated Notes (6.000% to 12/15/29 then 5 year <br> Treasury Constant Maturity Rate + 2.560%) | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 9/24/29 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 193527<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Air Lease Corp., Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 12/15/27 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 326789<br>|
| &nbsp;&nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland DAC, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 153640<br> <sup>(a)</sup><br>|
| *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | &nbsp;&nbsp; *673956* |
| **Total Industrials** | **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **7116234** |
| **Information Technology — 3.9%** | **Information Technology — 3.9%** | **Information Technology — 3.9%** | **Information Technology — 3.9%** | **Information Technology — 3.9%** |
| *Electronic Equipment, Instruments & Components — 0.3%* | *Electronic Equipment, Instruments & Components — 0.3%* | *Electronic Equipment, Instruments & Components — 0.3%* | *Electronic Equipment, Instruments & Components — 0.3%* | *Electronic Equipment, Instruments & Components — 0.3%* |
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 232186<br>|
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 103383<br>|
| *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | &nbsp;&nbsp; *335569* |
| *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* |
| &nbsp;&nbsp;&nbsp; APLD ComputeCo 2 LLC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *89401*<br> <sup>(a)</sup><br>|
| *Semiconductors & Semiconductor Equipment — 1.6%* | *Semiconductors & Semiconductor Equipment — 1.6%* | *Semiconductors & Semiconductor Equipment — 1.6%* | *Semiconductors & Semiconductor Equipment — 1.6%* | *Semiconductors & Semiconductor Equipment — 1.6%* |
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 345320<br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 4.926% | &nbsp;&nbsp; 5/15/37 | &nbsp;&nbsp; 0<br>| &nbsp;&nbsp;&nbsp; 0<br> <sup>(a)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 2/15/38 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 183474<br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 1/15/56 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 39821<br>|
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, Senior Secured Notes | &nbsp;&nbsp; 5.900% | &nbsp;&nbsp; 1/25/33 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 257239<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, Senior Secured Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 1/25/35 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 440339<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, Senior Secured Notes | &nbsp;&nbsp; 6.100% | &nbsp;&nbsp; 1/25/36 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 237185<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 7/29/45 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 109978<br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 3/25/50 | &nbsp;&nbsp; 10000<br>| &nbsp;&nbsp;&nbsp; 8096<br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 2/10/53 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 55292<br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 3/25/60 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 48366<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology Inc., Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 159764<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology Inc., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 11/1/35 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 161922<br>|
| *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp; *2046796* |

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Software — 1.6%* | *Software — 1.6%* | *Software — 1.6%* | *Software — 1.6%* | *Software — 1.6%* |
| &nbsp;&nbsp;&nbsp; Autodesk Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 6/15/35 | &nbsp;&nbsp; $90000<br>| &nbsp;&nbsp;&nbsp; $90159<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 2/4/31 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 39151<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 5/4/33 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 68168<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 9/26/35 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 75080<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 9/26/45 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 302184<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 8/3/55 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 310498<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 9/26/55 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 269406<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 4.100% | &nbsp;&nbsp; 3/25/61 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 233844<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 2/4/66 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 138034<br>|
| &nbsp;&nbsp;&nbsp; Synopsys Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/1/32 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 131172<br>|
| &nbsp;&nbsp;&nbsp; Synopsys Inc., Senior Notes | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 180408<br>|
| &nbsp;&nbsp;&nbsp; Synopsys Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 4/1/55 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 124376<br>|
| *Total Software* | *Total Software* | *Total Software* | *Total Software* | &nbsp;&nbsp; *1962480* |
| *Technology Hardware, Storage & Peripherals — 0.3%* | *Technology Hardware, Storage & Peripherals — 0.3%* | *Technology Hardware, Storage & Peripherals — 0.3%* | *Technology Hardware, Storage & Peripherals — 0.3%* | *Technology Hardware, Storage & Peripherals — 0.3%* |
| &nbsp;&nbsp;&nbsp; Apple Inc., Senior Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 11/13/47 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 255504<br>|
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 10/15/54 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 89339<br>|
| *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | &nbsp;&nbsp; *344843* |
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **4779089** |
| **Materials — 4.7%** | **Materials — 4.7%** | **Materials — 4.7%** | **Materials — 4.7%** | **Materials — 4.7%** |
| *Chemicals — 0.9%* | *Chemicals — 0.9%* | *Chemicals — 0.9%* | *Chemicals — 0.9%* | *Chemicals — 0.9%* |
| &nbsp;&nbsp;&nbsp; Celanese US Holdings LLC, Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 71929<br>|
| &nbsp;&nbsp;&nbsp; Dow Chemical Co., Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 11/1/29 | &nbsp;&nbsp; 800000<br>| &nbsp;&nbsp;&nbsp; 866516<br>|
| &nbsp;&nbsp;&nbsp; OCP SA, Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 5/2/34 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 208263<br> <sup>(a)</sup><br>|
| *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | &nbsp;&nbsp; *1146708* |
| *Construction Materials — 0.3%* | *Construction Materials — 0.3%* | *Construction Materials — 0.3%* | *Construction Materials — 0.3%* | *Construction Materials — 0.3%* |
| &nbsp;&nbsp;&nbsp; Amrize Finance US LLC, Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 4/7/35 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 203460<br>|
| &nbsp;&nbsp;&nbsp; CRH America Finance Inc., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 2/9/56 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 134487<br>|
| *Total Construction Materials* | *Total Construction Materials* | *Total Construction Materials* | *Total Construction Materials* | &nbsp;&nbsp; *337947* |
| *Metals & Mining — 3.5%* | *Metals & Mining — 3.5%* | *Metals & Mining — 3.5%* | *Metals & Mining — 3.5%* | *Metals & Mining — 3.5%* |
| &nbsp;&nbsp;&nbsp; Anglo American Capital PLC, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/19/36 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 254337<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ArcelorMittal SA, Senior Notes | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 11/29/27 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 164937<br>|
| &nbsp;&nbsp;&nbsp; Barrick PD Australia Finance Pty Ltd., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 10/15/39 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 184757<br>|
| &nbsp;&nbsp;&nbsp; Capstone Copper Corp., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/31/33 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 39774<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 2/15/34 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 315844<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 346603<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan Inc., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 3/15/43 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 198847<br>|
| &nbsp;&nbsp;&nbsp; Glencore Finance Canada Ltd., Senior Notes | &nbsp;&nbsp; 6.900% | &nbsp;&nbsp; 11/15/37 | &nbsp;&nbsp; 430000<br>| &nbsp;&nbsp;&nbsp; 475216<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Glencore Finance Canada Ltd., Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 10/25/42 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 143725<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC, Senior Notes | &nbsp;&nbsp; 6.141% | &nbsp;&nbsp; 4/1/55 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 140942<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Southern Copper Corp., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 11/8/42 | &nbsp;&nbsp; 470000<br>| &nbsp;&nbsp;&nbsp; 432950<br>|
| &nbsp;&nbsp;&nbsp; Vale Overseas Ltd., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 11/21/36 | &nbsp;&nbsp; 1148000<br>| &nbsp;&nbsp;&nbsp; 1271532<br>|
| &nbsp;&nbsp;&nbsp; Yamana Gold Inc., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 12/15/27 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 349337<br>|
| &nbsp;&nbsp;&nbsp; Yamana Gold Inc., Senior Notes | &nbsp;&nbsp; 2.630% | &nbsp;&nbsp; 8/15/31 | &nbsp;&nbsp; 30000<br>| &nbsp;&nbsp;&nbsp; 26641<br>|
| *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *4345442* |
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **5830097** |

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| **Real Estate — 0.6%** | **Real Estate — 0.6%** | **Real Estate — 0.6%** | **Real Estate — 0.6%** | **Real Estate — 0.6%** |
| *Diversified REITs — 0.1%* | *Diversified REITs — 0.1%* | *Diversified REITs — 0.1%* | *Diversified REITs — 0.1%* | *Diversified REITs — 0.1%* |
| &nbsp;&nbsp;&nbsp; VICI Properties LP, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 4/1/34 | &nbsp;&nbsp; $190000<br>| &nbsp;&nbsp;&nbsp; $*191830*<br>|
| *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* |
| &nbsp;&nbsp;&nbsp; Five Point Operating Co. LP, Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *139759*<br> <sup>(a)</sup><br>|
| *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* |
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 8/1/30 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 180065<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 9/15/32 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 275221<br> <sup>(a)</sup><br>|
| *Total Specialized REITs* | *Total Specialized REITs* | *Total Specialized REITs* | *Total Specialized REITs* | &nbsp;&nbsp; *455286* |
| **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **786875** |
| **Utilities — 6.6%** | **Utilities — 6.6%** | **Utilities — 6.6%** | **Utilities — 6.6%** | **Utilities — 6.6%** |
| *Electric Utilities — 5.9%* | *Electric Utilities — 5.9%* | *Electric Utilities — 5.9%* | *Electric Utilities — 5.9%* | *Electric Utilities — 5.9%* |
| &nbsp;&nbsp;&nbsp; Alliant Energy Corp., Junior Subordinated Notes (5.750% to 4/1/31 then 5 year <br> Treasury Constant Maturity Rate + 2.077%) | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 4/1/56 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 106983<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Baltimore Gas and Electric Co., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 379534<br>|
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston Electric LLC, Senior Secured Bonds | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 283738<br>|
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston Electric LLC, Senior Secured Bonds | &nbsp;&nbsp; 5.050% | &nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 309006<br>|
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad, Senior Notes | &nbsp;&nbsp; 6.045% | &nbsp;&nbsp; 1/28/34 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 194070<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad, Senior Notes | &nbsp;&nbsp; 6.450% | &nbsp;&nbsp; 1/24/35 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 199573<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Constellation Energy Generation LLC, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 1/15/66 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 220979<br>|
| &nbsp;&nbsp;&nbsp; Dominion Energy South Carolina Inc., First Mortgage Bonds | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 245461<br>|
| &nbsp;&nbsp;&nbsp; DTE Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 3/1/56 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 135467<br>|
| &nbsp;&nbsp;&nbsp; Electricite de France SA, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 1/13/35 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 165448<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Entergy Texas Inc., First Mortgage Bonds | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 4/15/35 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 282881<br>|
| &nbsp;&nbsp;&nbsp; Georgia Power Co., Senior Notes | &nbsp;&nbsp; 4.850% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 192444<br>|
| &nbsp;&nbsp;&nbsp; Georgia Power Co., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 3/15/35 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 365822<br>|
| &nbsp;&nbsp;&nbsp; Interstate Power and Light Co., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 9/30/54 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 46555<br>|
| &nbsp;&nbsp;&nbsp; Jersey Central Power & Light Co., Senior Notes | &nbsp;&nbsp; 5.100% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 90003<br>|
| &nbsp;&nbsp;&nbsp; NRG Energy Inc., Senior Secured Notes | &nbsp;&nbsp; 5.407% | &nbsp;&nbsp; 10/15/35 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 186492<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ohio Edison Co., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 92702<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 102236<br>|
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 4/1/55 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 198082<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 131834<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 7/1/50 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 198960<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 1/15/53 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 145414<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 5/1/56 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 75984<br>|
| &nbsp;&nbsp;&nbsp; PacifiCorp, First Mortgage Bonds | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 130037<br>|
| &nbsp;&nbsp;&nbsp; PacifiCorp, Junior Subordinated Notes (7.125% to 8/15/31 then 5 year Treasury <br> Constant Maturity Rate + 3.292%) | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 8/15/56 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 396893<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; PG&E Corp., Junior Subordinated Notes (6.850% to 9/15/31 then 5 year Treasury <br> Constant Maturity Rate + 3.225%) | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 9/15/56 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 276798<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; PG&E Wildfire Recovery Funding LLC, Senior Secured Notes | &nbsp;&nbsp; 5.081% | &nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 116772<br>|
| &nbsp;&nbsp;&nbsp; PG&E Wildfire Recovery Funding LLC, Senior Secured Notes | &nbsp;&nbsp; 5.212% | &nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp; 30000<br>| &nbsp;&nbsp;&nbsp; 28311<br>|
| &nbsp;&nbsp;&nbsp; Public Service Co. of Colorado, First Mortgage Bonds | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 9/15/35 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 368970<br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 3/1/48 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 232256<br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 9/15/55 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 99272<br>|
| &nbsp;&nbsp;&nbsp; Virginia Electric & Power Co., Senior Notes | &nbsp;&nbsp; 8.875% | &nbsp;&nbsp; 11/15/38 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 508075<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 4/15/34 | &nbsp;&nbsp; $210000<br>| &nbsp;&nbsp;&nbsp; $216036<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 12/30/34 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 342310<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 1/31/36 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 244716<br> <sup>(a)</sup><br>|
| *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | &nbsp;&nbsp; *7310114* |
| *Gas Utilities — 0.3%* | *Gas Utilities — 0.3%* | *Gas Utilities — 0.3%* | *Gas Utilities — 0.3%* | *Gas Utilities — 0.3%* |
| &nbsp;&nbsp;&nbsp; Southern California Gas Co., First Mortgage Bonds | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 6/15/55 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 220359<br>|
| &nbsp;&nbsp;&nbsp; Spire Inc., Junior Subordinated Notes (6.250% to 6/1/31 then 5 year Treasury <br> Constant Maturity Rate + 2.556%) | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 6/1/56 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 128958<br> <sup>(d)</sup><br>|
| *Total Gas Utilities* | *Total Gas Utilities* | *Total Gas Utilities* | *Total Gas Utilities* | &nbsp;&nbsp; *349317* |
| *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* |
| &nbsp;&nbsp;&nbsp; AES Andes SA, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 3/14/32 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 205388<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; AES Corp., Junior Subordinated Notes (6.950% to 7/15/30 then 5 year Treasury <br> Constant Maturity Rate + 2.890%) | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 7/15/55 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 112078<br> <sup>(d)</sup><br>|
| *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | &nbsp;&nbsp; *317466* |
| *Multi-Utilities — 0.1%* | *Multi-Utilities — 0.1%* | *Multi-Utilities — 0.1%* | *Multi-Utilities — 0.1%* | *Multi-Utilities — 0.1%* |
| &nbsp;&nbsp;&nbsp; Ameren Illinois Co., First Mortgage Bonds | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/1/55 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 107024<br>|
| &nbsp;&nbsp;&nbsp; PECO Energy Co., First Mortgage Bonds | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 9/15/54 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 74358<br>|
| *Total Multi-Utilities* | *Total Multi-Utilities* | *Total Multi-Utilities* | *Total Multi-Utilities* | &nbsp;&nbsp; *181382* |
| **Total Utilities** | **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **8158279** |
| **Total Corporate Bonds & Notes (Cost — $113,344,417)** | **Total Corporate Bonds & Notes (Cost — $113,344,417)** | **Total Corporate Bonds & Notes (Cost — $113,344,417)** | **Total Corporate Bonds & Notes (Cost — $113,344,417)** | &nbsp;&nbsp; **113357557** |
| **Sovereign Bonds — 3.6%** | **Sovereign Bonds — 3.6%** | **Sovereign Bonds — 3.6%** | **Sovereign Bonds — 3.6%** | **Sovereign Bonds — 3.6%** |
| *Argentina — 0.2%* | *Argentina — 0.2%* | *Argentina — 0.2%* | *Argentina — 0.2%* | *Argentina — 0.2%* |
| &nbsp;&nbsp;&nbsp; Argentine Republic Government International Bond, Senior Notes | &nbsp;&nbsp; 1.000% | &nbsp;&nbsp; 7/9/29 | &nbsp;&nbsp; 24739<br>| &nbsp;&nbsp;&nbsp; 21747<br>|
| &nbsp;&nbsp;&nbsp; Argentine Republic Government International Bond, Senior Notes, Step bond <br> (4.125% to 7/9/27 then 4.750%) | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 7/9/35 | &nbsp;&nbsp; 292973<br>| &nbsp;&nbsp;&nbsp; 211673<br>|
| &nbsp;&nbsp;&nbsp; Provincia de Buenos Aires, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp; 65760<br>| &nbsp;&nbsp;&nbsp; 49731<br> <sup>(a)</sup><br>|
| *Total Argentina* | *Total Argentina* | *Total Argentina* | *Total Argentina* | &nbsp;&nbsp; *283151* |
| *Brazil — 0.3%* | *Brazil — 0.3%* | *Brazil — 0.3%* | *Brazil — 0.3%* | *Brazil — 0.3%* |
| &nbsp;&nbsp;&nbsp; Brazilian Government International Bond, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; *330231*<br>|
| *Canada — 0.6%* | *Canada — 0.6%* | *Canada — 0.6%* | *Canada — 0.6%* | *Canada — 0.6%* |
| &nbsp;&nbsp;&nbsp; Province of Quebec Canada, Senior Notes | &nbsp;&nbsp; 7.970% | &nbsp;&nbsp; 7/22/36 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; *806952*<br>|
| *Ecuador — 0.2%* | *Ecuador — 0.2%* | *Ecuador — 0.2%* | *Ecuador — 0.2%* | *Ecuador — 0.2%* |
| &nbsp;&nbsp;&nbsp; Ecuador Government International Bond, Senior Notes | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 1/29/34 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *196500*<br> <sup>(a)</sup><br>|
| *Ivory Coast — 0.3%* | *Ivory Coast — 0.3%* | *Ivory Coast — 0.3%* | *Ivory Coast — 0.3%* | *Ivory Coast — 0.3%* |
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 2/25/41 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *334639*<br> <sup>(a)</sup><br>|
| *Mexico — 1.4%* | *Mexico — 1.4%* | *Mexico — 1.4%* | *Mexico — 1.4%* | *Mexico — 1.4%* |
| &nbsp;&nbsp;&nbsp; Eagle Funding Luxco Sarl, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/17/30 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 402600<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 7/2/32 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 200970<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 3/22/33 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 274400<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 1/29/38 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 204300<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 4.280% | &nbsp;&nbsp; 8/14/41 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 156950<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 4.350% | &nbsp;&nbsp; 1/15/47 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 264240<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 5/7/54 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 291043<br>|
| *Total Mexico* | *Total Mexico* | *Total Mexico* | *Total Mexico* | &nbsp;&nbsp; *1794503* |
| *Paraguay — 0.2%* | *Paraguay — 0.2%* | *Paraguay — 0.2%* | *Paraguay — 0.2%* | *Paraguay — 0.2%* |
| &nbsp;&nbsp;&nbsp; Paraguay Government International Bond, Senior Notes | &nbsp;&nbsp; 6.650% | &nbsp;&nbsp; 3/4/55 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *208080*<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Income Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Peru — 0.1%* | *Peru — 0.1%* | *Peru — 0.1%* | *Peru — 0.1%* | *Peru — 0.1%* |
| &nbsp;&nbsp;&nbsp; Fondo MIVIVIENDA SA, Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 3/31/31 | &nbsp;&nbsp; $150000<br>| &nbsp;&nbsp;&nbsp; $*150187*<br> <sup>(a)</sup><br>|
| *South Africa — 0.3%* | *South Africa — 0.3%* | *South Africa — 0.3%* | *South Africa — 0.3%* | *South Africa — 0.3%* |
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government International Bond, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 12/11/37 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 185800<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government International Bond, Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 12/11/55 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 183225<br> <sup>(a)</sup><br>|
| *Total South Africa* | *Total South Africa* | *Total South Africa* | *Total South Africa* | &nbsp;&nbsp; *369025* |
| **Total Sovereign Bonds (Cost — $4,528,928)** | **Total Sovereign Bonds (Cost — $4,528,928)** | **Total Sovereign Bonds (Cost — $4,528,928)** | **Total Sovereign Bonds (Cost — $4,528,928)** | &nbsp;&nbsp; **4473268** |
| **Municipal Bonds — 1.1%** | **Municipal Bonds — 1.1%** | **Municipal Bonds — 1.1%** | **Municipal Bonds — 1.1%** | **Municipal Bonds — 1.1%** |
| *California — 0.7%* | *California — 0.7%* | *California — 0.7%* | *California — 0.7%* | *California — 0.7%* |
| &nbsp;&nbsp;&nbsp; Los Angeles County, CA Public Works Financing Authority Revenue, Multiple <br> Capital Projects I, Series 2010 B, Taxable Build America Bonds  | &nbsp;&nbsp; 7.618% | &nbsp;&nbsp; 8/1/40 | &nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp; 764209<br>|
| &nbsp;&nbsp;&nbsp; Regents of the University of California Medical Center Pooled Revenue, Series Q  | &nbsp;&nbsp; 4.563% | &nbsp;&nbsp; 5/15/53 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 93781<br>|
| *Total California* | *Total California* | *Total California* | *Total California* | &nbsp;&nbsp; *857990* |
| *Illinois — 0.2%* | *Illinois — 0.2%* | *Illinois — 0.2%* | *Illinois — 0.2%* | *Illinois — 0.2%* |
| &nbsp;&nbsp;&nbsp; Illinois State, GO, Taxable, Build America Bonds, Series 2010-3 | &nbsp;&nbsp; 6.725% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 238462 | &nbsp;&nbsp;&nbsp; **249761**<br>|
| *New York — 0.2%* | *New York — 0.2%* | *New York — 0.2%* | *New York — 0.2%* | *New York — 0.2%* |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Revenue, New York University, Series B | &nbsp;&nbsp; 5.832% | &nbsp;&nbsp; 7/1/55 | &nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp; **281023**<br>|
| **Total Municipal Bonds (Cost — $1,498,264)** | **Total Municipal Bonds (Cost — $1,498,264)** | **Total Municipal Bonds (Cost — $1,498,264)** | **Total Municipal Bonds (Cost — $1,498,264)** | &nbsp;&nbsp; **1388774** |
| **U.S. Government & Agency Obligations — 0.8%** | **U.S. Government & Agency Obligations — 0.8%** | **U.S. Government & Agency Obligations — 0.8%** | **U.S. Government & Agency Obligations — 0.8%** | **U.S. Government & Agency Obligations — 0.8%** |
| *U.S. Government Obligations — 0.8%* | *U.S. Government Obligations — 0.8%* | *U.S. Government Obligations — 0.8%* | *U.S. Government Obligations — 0.8%* | *U.S. Government Obligations — 0.8%* |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 710000 | &nbsp;&nbsp;&nbsp; 678494<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 2/28/31 | &nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp; 117680<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 2/28/33 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp; 68408<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 108290<br>|
| **Total U.S. Government & Agency Obligations (Cost — $972,002)** | **Total U.S. Government & Agency Obligations (Cost — $972,002)** | **Total U.S. Government & Agency Obligations (Cost — $972,002)** | **Total U.S. Government & Agency Obligations (Cost — $972,002)** | &nbsp;&nbsp; **972872** |
| **Asset-Backed Securities — 0.5%** | **Asset-Backed Securities — 0.5%** | **Asset-Backed Securities — 0.5%** | **Asset-Backed Securities — 0.5%** | **Asset-Backed Securities — 0.5%** |
| &nbsp;&nbsp;&nbsp; Apex Credit CLO LLC, 2021-2A CR (3 mo. Term SOFR + 3.750%) | &nbsp;&nbsp; 7.418% | &nbsp;&nbsp; 10/20/34 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 106024<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Apollo Aviation Securitization Equity Trust, 2024-1A A2 | &nbsp;&nbsp; 6.261% | &nbsp;&nbsp; 5/16/49 | &nbsp;&nbsp; 225656<br>| &nbsp;&nbsp;&nbsp; 229198<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Driven Brands Funding LLC, 2020-2A A2 | &nbsp;&nbsp; 3.237% | &nbsp;&nbsp; 1/20/51 | &nbsp;&nbsp; 101945<br>| &nbsp;&nbsp;&nbsp; 95734<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jimmy Johns Funding LLC, 2022-1A A2I | &nbsp;&nbsp; 4.077% | &nbsp;&nbsp; 4/30/52 | &nbsp;&nbsp; 134750<br>| &nbsp;&nbsp;&nbsp; 133428<br> <sup>(a)</sup><br>|
| **Total Asset-Backed Securities (Cost — $570,035)** | **Total Asset-Backed Securities (Cost — $570,035)** | **Total Asset-Backed Securities (Cost — $570,035)** | **Total Asset-Backed Securities (Cost — $570,035)** | &nbsp;&nbsp; **564384** |
|  |  |  | Shares |  |
| **Preferred Stocks — 0.3%** | **Preferred Stocks — 0.3%** | **Preferred Stocks — 0.3%** | **Preferred Stocks — 0.3%** | **Preferred Stocks — 0.3%** |
| **Financials — 0.3%** | **Financials — 0.3%** | **Financials — 0.3%** | **Financials — 0.3%** | **Financials — 0.3%** |
| *Banks — 0.2%* | *Banks — 0.2%* | *Banks — 0.2%* | *Banks — 0.2%* | *Banks — 0.2%* |
| &nbsp;&nbsp;&nbsp; Citigroup Inc.  | &nbsp;&nbsp; 6.250% |  | &nbsp;&nbsp; 10650 | &nbsp;&nbsp;&nbsp; *262522*<br>|
| *Insurance — 0.1%* | *Insurance — 0.1%* | *Insurance — 0.1%* | *Insurance — 0.1%* | *Insurance — 0.1%* |
| &nbsp;&nbsp;&nbsp; Delphi Financial Group Inc. (3 mo. Term SOFR + 3.452%)  | &nbsp;&nbsp; 7.104% |  | &nbsp;&nbsp; 5725 | &nbsp;&nbsp;&nbsp;&nbsp; *138116*<br> <sup>(d)</sup><br>|
| **Total Preferred Stocks (Cost — $409,318)** | **Total Preferred Stocks (Cost — $409,318)** | **Total Preferred Stocks (Cost — $409,318)** | **Total Preferred Stocks (Cost — $409,318)** | &nbsp;&nbsp; **400638** |
| **Total Investments before Short-Term Investments (Cost — $121,322,964)** | **Total Investments before Short-Term Investments (Cost — $121,322,964)** | **Total Investments before Short-Term Investments (Cost — $121,322,964)** | **Total Investments before Short-Term Investments (Cost — $121,322,964)** | &nbsp;&nbsp; **121157493** |
| **Short-Term Investments — 0.4%** | **Short-Term Investments — 0.4%** | **Short-Term Investments — 0.4%** | **Short-Term Investments — 0.4%** | **Short-Term Investments — 0.4%** |
| &nbsp;&nbsp;&nbsp; Western Asset Premier Institutional Government Reserves, Premium Shares <br> (Cost — $544,772)  | &nbsp;&nbsp; 3.589% |  | &nbsp;&nbsp; 544772<br>| &nbsp;&nbsp;&nbsp;&nbsp; **544772**<br> <sup>(h)(i)</sup><br>|
| **Total Investments — 98.2% (Cost — $121,867,736)** | **Total Investments — 98.2% (Cost — $121,867,736)** | **Total Investments — 98.2% (Cost — $121,867,736)** | **Total Investments — 98.2% (Cost — $121,867,736)** | &nbsp;&nbsp; **121702265** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.8% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.8% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.8% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.8% | &nbsp;&nbsp;&nbsp; 2184729 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$123886994** |

---

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

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Investment Grade Income Fund Inc.**

\* Non-income producing security.

<sup>(a)</sup> Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors. 

<sup>(b)</sup> Securities traded on a when-issued or delayed delivery basis.

<sup>(c)</sup> Security has no maturity date. The date shown represents the next call date.

<sup>(d)</sup> Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. 

<sup>(e)</sup> Security is fair valued in accordance with procedures approved by the Board of Directors (Note 1).

<sup>(f)</sup> Security is valued using significant unobservable inputs (Note 1).

<sup>(g)</sup> Value is less than $1.

<sup>(h)</sup> Rate shown is one-day yield as of the end of the reporting period. 

<sup>(i)</sup> In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company" represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At March 31, 2026, the total market value of investments in Affiliated Companies was $544,772 and the cost was $544,772 (Note 2). 

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

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| CLO |  | Collateralized Loan Obligation |
| DAC |  | Designated Activity Company |
| GO |  | General Obligation |
| GTD |  | Guaranteed |
| ICE |  | Intercontinental Exchange |
| LIBOR |  | London Interbank Offered Rate |
| SOFR |  | Secured Overnight Financing Rate |
| USD |  | United States Dollar |

---

At March 31, 2026, the Fund had the following open futures contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; <br> Number of <br>Contracts<br>| &nbsp;&nbsp;&nbsp; <br> Expiration <br>Date<br>| &nbsp;&nbsp;&nbsp; <br> Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; <br> Market <br>Value<br>| &nbsp;&nbsp;&nbsp; <br> Unrealized <br>Appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(Depreciation)<br>|
| **Contracts to Buy:** |  |  |  |  |  |
| U.S. Treasury 2-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; $6257364 | &nbsp;&nbsp;&nbsp;&nbsp; $6223359 | &nbsp;&nbsp;&nbsp;&nbsp; $(34005) |
| U.S. Treasury 5-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 8859342 | &nbsp;&nbsp;&nbsp;&nbsp; 8762555 | &nbsp;&nbsp;&nbsp;&nbsp; (96787) |
| U.S. Treasury Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2102589 | &nbsp;&nbsp;&nbsp;&nbsp; 2049750 | &nbsp;&nbsp;&nbsp;&nbsp; (52839) |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (183631) |
| **Contracts to Sell:** |  |  |  |  |  |
| U.S. Treasury 10-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2032531 | &nbsp;&nbsp;&nbsp;&nbsp; 1998843 | &nbsp;&nbsp;&nbsp;&nbsp; 33688 |
| U.S. Treasury Ultra 10-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 148 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 17096506 | &nbsp;&nbsp;&nbsp;&nbsp; 16800313 | &nbsp;&nbsp;&nbsp;&nbsp; 296193 |
| U.S. Treasury Ultra Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 594898 | &nbsp;&nbsp;&nbsp;&nbsp; 582813 | &nbsp;&nbsp;&nbsp;&nbsp; 12085 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 341966 |
| **Net unrealized appreciation on open futures contracts** | **Net unrealized appreciation on open futures contracts** | **Net unrealized appreciation on open futures contracts** | **Net unrealized appreciation on open futures contracts** | **Net unrealized appreciation on open futures contracts** | &nbsp;&nbsp;&nbsp; **$158335** |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

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

**1. Organization and significant accounting policies** 

Western Asset Investment Grade Income Fund Inc. (the "Fund") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. To a lesser extent, the Fund may also invest in privately placed debt securities and in certain equity securities. Capital appreciation is a secondary investment objective.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the adviser to be unreliable, the market price may be determined by the adviser using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Directors (the "Board").

Pursuant to policies adopted by the Board, the Fund's adviser has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's adviser is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's adviser and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other

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Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

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Notes to Schedule of Investments (unaudited) (cont'd)

relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Corporate Bonds & Notes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | &nbsp;&nbsp; — | &nbsp;&nbsp; $45780291 | &nbsp;&nbsp; $0<br> \*<br>| &nbsp;&nbsp; $45780291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 67577266 | &nbsp;&nbsp; — | &nbsp;&nbsp; 67577266 |
| &nbsp;&nbsp;&nbsp; Sovereign Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 4473268 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4473268 |
| &nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 1388774 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1388774 |
| &nbsp;&nbsp;&nbsp; U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 972872 | &nbsp;&nbsp; — | &nbsp;&nbsp; 972872 |
| &nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 564384 | &nbsp;&nbsp; — | &nbsp;&nbsp; 564384 |
| &nbsp;&nbsp;&nbsp; Preferred Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | &nbsp;&nbsp; $262522 | &nbsp;&nbsp; 138116 | &nbsp;&nbsp; — | &nbsp;&nbsp; 400638 |
| Total Long-Term Investments | &nbsp;&nbsp; 262522 | &nbsp;&nbsp; 120894971 | &nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp; 121157493 |
| Short-Term Investments† | &nbsp;&nbsp; 544772 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 544772 |
| **Total Investments** | &nbsp;&nbsp; **$807294** | &nbsp;&nbsp; **$120894971** | &nbsp;&nbsp; **$0**<br> **\***<br>| &nbsp;&nbsp; **$121702265** |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $341966 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $341966 |
| **Total** | &nbsp;&nbsp; **$1149260** | &nbsp;&nbsp; **$120894971** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$122044231** |
| **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $183631 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $183631 |

---

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

---

| | |
|:---|:---|
| † | See Schedule of Investments for additional detailed categorizations. |
| \* | Amount represents less than $1. |
| †† | Reflects the unrealized appreciation (depreciation) of the instruments. |

---

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended March 31, 2026. The following transactions were effected

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Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

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in such company for the period ended March 31, 2026. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2025 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium <br> Shares<br>| $895015 | $6487310 | 6487310 | $6837553 | 6837553 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>March 31, <br>2026<br>|
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium Shares<br>|  | $4142 |  | $544772 |

---

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Western Asset Investment Grade Income Fund Inc. 2026 Quarterly Report

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Western Asset Investment Grade Income Fund Inc.

- **b. Investment Company Act file number:** 811-02351

- **c. CIK number of Registrant:** 0000075398

- **d. LEI of Registrant:** 549300W1ZCJRJ5Y1E041

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

  - **Street Address 1:** One Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 1-888-777-0102

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

- **a. Name of Series:** Western Asset Investment Grade Income Fund Inc.

- **c. LEI of Series:** 549300W1ZCJRJ5Y1E041

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $124648977.36

**Total Liabilities:** $759277.98

**Net Assets:** $123889699.38

**Delayed Delivery Securities:** $159133.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 43.28000000 | **1-Year:** 2839.08000000 | **5-Year:** 26704.59000000 | **10-Year:** 49489.06000000 | **30-Year:** 3984.87000000

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

- **3-Month:** 4.82000000 | **1-Year:** 788.00000000 | **5-Year:** 2832.57000000 | **10-Year:** 1347.62000000 | **30-Year:** 70.85000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 1.36%                | 0.41%                | -3.94%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-74507.65               | $-28719.82                                 |
| Month 2  | $-125645.78              | $1209335.59                                |
| Month 3  | $-185494.83              | $-3459306.70                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Novartis Capital Corporation                                                         | NOVNVX 4.6 03/18/33                                                                                                                  | CUSIP: 66989HBH0<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69723.10     | 0.06%             | 2033-03-18      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 6 04/15/34 144A                                                                                                                  | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    210000 | PA      | $216035.82    | 0.17%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 6.05 08/15/56                                                                                                                      | CUSIP: 00206RMZ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49278.93     | 0.04%             | 2056-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                                   | VICI 5.75 04/01/34                                                                                                                   | CUSIP: 925650AF0<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    190000 | PA      | $191829.94    | 0.15%             | 2034-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                                                        | PETBRA 6.85 06/05/15                                                                                                                 | CUSIP: 71647NAN9<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $273190.59    | 0.22%             | 2115-06-05      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                                                         | MET 6.4 12/15/36                                                                                                                     | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1174607.70   | 0.95%             | 2036-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                   | ARCC 5.5 09/01/30                                                                                                                    | CUSIP: 04010LBK8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    490000 | PA      | $481561.34    | 0.39%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                               | BATSLN 8.125 05/01/40 *                                                                                                              | CUSIP: 761713BV7<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    270000 | PA      | $321866.96    | 0.26%             | 2040-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.15 05/22/45                                                                                                                     | CUSIP: 38148LAF3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $447544.38    | 0.36%             | 2045-05-22      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                   | HBAN V5.605 01/28/41                                                                                                                 | CUSIP: 446150BL7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    360000 | PA      | $351494.81    | 0.28%             | 2041-01-28      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                    | LPLA 5.75 06/15/35                                                                                                                   | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    170000 | PA      | $169408.05    | 0.14%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                              | ARGENT 1 07/09/29                                                                                                                    | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     24739 | PA      | $21747.16     | 0.02%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                             | JANEST 6.125 11/01/32 144A                                                                                                           | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    620000 | PA      | $613647.29    | 0.50%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                                                | FCX 5.45 03/15/43                                                                                                                    | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    210000 | PA      | $198847.33    | 0.16%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                          | UPS 5.95 05/14/55                                                                                                                    | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181923.41    | 0.15%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                                  | KMI 7.8 08/01/31 GMTN                                                                                                                | CUSIP: 28368EAD8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2282448.64   | 1.84%             | 2031-08-01      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 5.8 03/13/56                                                                                                                    | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129987.32    | 0.10%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Limited                                                        | MPEL 7.625 04/17/32 144A                                                                                                             | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203125.07    | 0.16%             | 2032-04-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 5.705 05/01/40                                                                                                                    | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210428.72    | 0.17%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                       | BNP V8.5 PERP 144A                                                                                                                   | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    940000 | PA      | $980041.18    | 0.79%             | N/A             | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corporation                                                          | SCCO 5.25 11/08/42                                                                                                                   | CUSIP: 84265VAG0<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    470000 | PA      | $432950.23    | 0.35%             | 2042-11-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.625 08/16/43                                                                                                                   | CUSIP: 46625HJM3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    440000 | PA      | $438816.15    | 0.35%             | 2043-08-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                       | WES 4.75 08/15/28                                                                                                                    | CUSIP: 958254AK0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250786.25    | 0.20%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -151 | NC      | $295531.56    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                                                           | ABNB 4.65 03/16/31                                                                                                                   | CUSIP: 009066AD3<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119779.98    | 0.10%             | 2031-03-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.065 01/21/37                                                                                                                   | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    760000 | PA      | $743313.98    | 0.60%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET V6.75 02/15/56                                                                                                                    | CUSIP: 29273VBH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199697.30    | 0.16%             | 2056-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V5.45 03/03/36                                                                                                                  | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    370000 | PA      | $371226.04    | 0.30%             | 2036-03-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 4.85 03/15/31                                                                                                                     | CUSIP: 373334LA7<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192444.13    | 0.16%             | 2031-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V7 PERP .                                                                                                                       | CUSIP: 404280FJ3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    370000 | PA      | $366521.74    | 0.30%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                | UBER 4.8 09/15/35                                                                                                                    | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    210000 | PA      | $203877.28    | 0.16%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                | SOCGEN V6.1 04/13/33 144A                                                                                                            | CUSIP: 83368RCF7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    220000 | PA      | $228666.65    | 0.18%             | 2033-04-13      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V6.254 03/09/34                                                                                                                 | CUSIP: 404280DV8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    840000 | PA      | $890509.54    | 0.72%             | 2034-03-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.75 03/02/63                                                                                                                   | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    110000 | PA      | $105888.34    | 0.09%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| APEX CREDIT CLO 2021-2 LTD                                                           | APEXC 2021-2A CR                                                                                                                     | CUSIP: 03755QAJ2<br>LEI: 254900H6CNZLCIDMYC58 | Long             | ABS-CBDO         | CORP              | KY        |    110000 | PA      | $106024.02    | 0.09%             | 2034-10-20      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.5 02/15/46                                                                                                                   | CUSIP: 02079KBN6<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129032.80    | 0.10%             | 2046-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                   | VEGLPL 6.75 01/15/36 144A                                                                                                            | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84784.16     | 0.07%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                           | SOAF 7.25 12/11/55 144A                                                                                                              | CUSIP: 836205BJ2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $183224.60    | 0.15%             | 2055-12-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated                                           | RGA V6.375 09/15/56                                                                                                                  | CUSIP: 759351AV1<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116041.36    | 0.09%             | 2056-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V7 PERP 144                                                                                                                      | CUSIP: 902613BW7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    500000 | PA      | $483600.26    | 0.39%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Orlando Health Obligated Group                                                       | ORHLTH 5.475 10/01/35                                                                                                                | CUSIP: 686514AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205384.58    | 0.17%             | 2035-10-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Credit Suisse (USA) LLC                                                              | UBS 7.125 07/15/32                                                                                                                   | CUSIP: 22541LAE3<br>LEI: T2E64KWP8B9GCLM28W20 | Long             | DBT              | CORP              | US        |     40000 | PA      | $44707.84     | 0.04%             | 2032-07-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                                                       | PHM 4.9 03/01/36                                                                                                                     | CUSIP: 745867AZ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $77326.25     | 0.06%             | 2036-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6 08/03/55                                                                                                                      | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    370000 | PA      | $310498.09    | 0.25%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                                             | FLTR 5.875 06/04/31 144A                                                                                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    210000 | PA      | $208215.00    | 0.17%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                                                | NY NYSHGR 5.83 07/01/2055                                                                                                            | CUSIP: 64985SFG3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    270000 | PA      | $281023.16    | 0.23%             | 2055-07-01      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                         | RCL 5.25 02/27/38                                                                                                                    | CUSIP: 78017TAD5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     70000 | PA      | $66620.91     | 0.05%             | 2038-02-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V6.537 08/12/33 144A                                                                                                             | CUSIP: 225401AZ1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    380000 | PA      | $409331.21    | 0.33%             | 2033-08-12      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 4.7 11/15/35                                                                                                                   | CUSIP: 02079KAY3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9883.71      | 0.01%             | 2035-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 4.75 03/25/50                                                                                                                   | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8096.44      | 0.01%             | 2050-03-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                       | BNP V5.786 01/13/33 144A                                                                                                             | CUSIP: 09659W3A0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $258513.90    | 0.21%             | 2033-01-13      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                                                                      | CAT 4.75 05/15/64                                                                                                                    | CUSIP: 149123CE9<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    220000 | PA      | $189924.67    | 0.15%             | 2064-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V6.85 PERP                                                                                                                        | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163190.08    | 0.13%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 5.7 04/01/55                                                                                                                    | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124376.43    | 0.10%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 5.65 05/01/45 144a                                                                                                              | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108689.46    | 0.09%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Antero Midstream Partners LP / Antero Midstream Finance Corp                         | AM 6.625 02/01/32 144A                                                                                                               | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256396.00    | 0.21%             | 2032-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)  | AER 5 11/15/35                                                                                                                       | CUSIP: 00774MBS3<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    300000 | PA      | $289986.79    | 0.23%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eagle Funding Luxco S.a.r.l.                                                         | MEXPCP 5.5 08/17/30 144A                                                                                                             | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $402600.00    | 0.32%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 4.9 07/29/45                                                                                                                    | CUSIP: 458140AT7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    130000 | PA      | $109977.97    | 0.09%             | 2045-07-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.9 02/15/38                                                                                                                    | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    190000 | PA      | $183473.75    | 0.15%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 5.5 03/16/47                                                                                                                      | CUSIP: 92343VDV3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    630000 | PA      | $594797.86    | 0.48%             | 2047-03-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                               | BATSLN 5.85 08/15/45                                                                                                                 | CUSIP: 761713BB1<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87217.62     | 0.07%             | 2045-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V6.301 09/22/34 144A                                                                                                             | CUSIP: 225401BG2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    230000 | PA      | $244608.89    | 0.20%             | 2034-09-22      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                                              | CHTR 6.55 05/01/37                                                                                                                   | CUSIP: 88732JAJ7<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181615.69    | 0.15%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Versant Media Group Inc.                                                             | VSNT 7.25 01/30/31 144A                                                                                                              | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71695.47     | 0.06%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 6.125 10/15/39                                                                                                                   | CUSIP: 29379VAG8<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    320000 | PA      | $340723.37    | 0.28%             | 2039-10-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 5.55 10/30/35                                                                                                                    | CUSIP: 16411QAW1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50938.72     | 0.04%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 4.9 06/15/42                                                                                                                       | CUSIP: 00206RJH6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    150000 | PA      | $129193.64    | 0.10%             | 2042-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.045 02/06/37                                                                                                                  | CUSIP: 060505GR9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    370000 | PA      | $365226.33    | 0.29%             | 2037-02-06      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 5.35 01/31/36 144A                                                                                                               | CUSIP: 92840VAZ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244715.88    | 0.20%             | 2036-01-31      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.557 07/25/34 MTN                                                                                                              | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    450000 | PA      | $461332.69    | 0.37%             | 2034-07-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| British Telecommunications PLC                                                       | BRITEL 9.625 12/15/30                                                                                                                | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |     70000 | PA      | $83637.79     | 0.07%             | 2030-12-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 6.25 08/15/55                                                                                                                 | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111371.56    | 0.09%             | 2055-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                    | LPLA 5.65 03/15/35                                                                                                                   | CUSIP: 50212YAM6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    320000 | PA      | $317739.37    | 0.26%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 4.28 08/14/41                                                                                                                    | CUSIP: 91087BAQ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $156950.00    | 0.13%             | 2041-08-14      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD V5.375 02/15/78                                                                                                                  | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    430000 | PA      | $427256.69    | 0.34%             | 2078-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.5 06/15/47                                                                                                                     | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    220000 | PA      | $201814.00    | 0.16%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Symetra Life Insurance Co.                                                           | SYA 6.55 10/01/55 144A                                                                                                               | CUSIP: 87151KAA7<br>LEI: 2CKADF5K7JYB5EG0VY36 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190565.83    | 0.15%             | 2055-10-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                                                                 | CAPCOP 6.75 03/31/33 144A                                                                                                            | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $39773.76     | 0.03%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                               | UAL 4.625 04/15/29 144A                                                                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    440000 | PA      | $431982.72    | 0.35%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Houston Electric LLC                                              | CNP 5.05 03/01/35                                                                                                                    | CUSIP: 15189XBF4<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    310000 | PA      | $309005.70    | 0.25%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.605 04/23/36                                                                                                                  | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    230000 | PA      | $235448.52    | 0.19%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.534 11/29/45                                                                                                                  | CUSIP: 46647PES1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    310000 | PA      | $304681.04    | 0.25%             | 2045-11-29      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                               | STANLN 5.7 03/26/44 144A                                                                                                             | CUSIP: 853254AN0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    410000 | PA      | $389980.73    | 0.31%             | 2044-03-26      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                                                         | MET V6.35 03/15/55 G                                                                                                                 | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    280000 | PA      | $284260.48    | 0.23%             | 2055-03-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V5.817 02/01/34                                                                                                                  | CUSIP: 14040HCY9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153567.34    | 0.12%             | 2034-02-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| PG&E Wildfire Recovery Funding LLC                                                   | PCG 5.081 06/01/41 A-3                                                                                                               | CUSIP: 693342AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $116771.88    | 0.09%             | 2041-06-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5 02/15/36                                                                                                                      | CUSIP: 87264ADZ5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157647.14    | 0.13%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                         | RCL 5.375 01/15/36                                                                                                                   | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    120000 | PA      | $117942.81    | 0.10%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                  | BNS V8 01/27/84                                                                                                                      | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    360000 | PA      | $377186.40    | 0.30%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                 | CCL 5.75 03/15/30 144A                                                                                                               | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    500000 | PA      | $504238.50    | 0.41%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.7 01/15/56                                                                                                                    | CUSIP: 11135FDD0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39820.86     | 0.03%             | 2056-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Discovery Global Holdings Inc.                                                       | WBD 5.141 03/15/52 *                                                                                                                 | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    125000 | PA      | $76093.75     | 0.06%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.45 11/15/55                                                                                                                  | CUSIP: 02079KBA4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87200.83     | 0.07%             | 2055-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6.625 10/15/36                                                                                                                    | CUSIP: 29273RAF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21627.03     | 0.02%             | 2036-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                        | USB V5.033 01/26/37                                                                                                                  | CUSIP: 91159HJY7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    630000 | PA      | $620969.71    | 0.50%             | 2037-01-26      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Renaissancere Holdings Ltd.                                                          | RNR 5.75 06/05/33                                                                                                                    | CUSIP: 75968NAE1<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |    190000 | PA      | $195181.04    | 0.16%             | 2033-06-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 5.5 02/15/35                                                                                                                    | CUSIP: 87612GAK7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302787.65    | 0.24%             | 2035-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Limited                                                        | MPEL 6.5 09/24/33 144A                                                                                                               | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $192136.15    | 0.16%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 4.35 01/15/47                                                                                                                    | CUSIP: 91087BAB6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    360000 | PA      | $264240.00    | 0.21%             | 2047-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| The J M Smucker Company                                                              | SJM 6.2 11/15/33                                                                                                                     | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    230000 | PA      | $243775.89    | 0.20%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 5.95 03/13/66                                                                                                                   | CUSIP: 023135DJ2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    230000 | PA      | $230929.17    | 0.19%             | 2066-03-13      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                | RCL 3.7 03/15/28                                                                                                                     | CUSIP: 780153AW2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    270000 | PA      | $265755.50    | 0.21%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 6.2 09/15/55                                                                                                                     | CUSIP: 842400JK0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99271.62     | 0.08%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                                                         | MET V5.85 03/15/56 .                                                                                                                 | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343700.66    | 0.28%             | 2056-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.65 03/02/53                                                                                                                   | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290759.45    | 0.23%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                                             | JBS 5.95 04/20/35                                                                                                                    | CUSIP: 472140AB8<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $311719.16    | 0.25%             | 2035-04-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Heico Corp                                                                           | HEI 5.35 08/01/33                                                                                                                    | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |    240000 | PA      | $244566.97    | 0.20%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                          | HUM 8.15 06/15/38                                                                                                                    | CUSIP: 444859AZ5<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     80000 | PA      | $93772.59     | 0.08%             | 2038-06-15      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                   | STT V6.7 PERP I                                                                                                                      | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254160.50    | 0.21%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 4.3 02/15/30                                                                                                                       | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79506.98     | 0.06%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Walt Disney Company                                                                  | DIS 7.75 12/01/45                                                                                                                    | CUSIP: 254687EZ5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    130000 | PA      | $161611.25    | 0.13%             | 2045-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| El Fondo Mivivienda SA                                                               | MIVIVI 5.4 03/31/31 144A                                                                                                             | CUSIP: 344593AG3<br>LEI: 549300X41PNOK11PZ670 | Long             | DBT              | NUSS              | PE        |    150000 | PA      | $150187.50    | 0.12%             | 2031-03-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4.875 11/15/35                                                                                                                  | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    290000 | PA      | $284617.44    | 0.23%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE ESCROW CL                                                              | CREDIT SUISSE ESCROW CL                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $0.00         | 0.00%             | 2050-01-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| PECO Energy Co.                                                                      | EXC 5.25 09/15/54                                                                                                                    | CUSIP: 693304BG1<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74358.56     | 0.06%             | 2054-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dominion Energy South Carolina Inc                                                   | D 5.3 01/15/35 2025                                                                                                                  | CUSIP: 25731VAC8<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245460.69    | 0.20%             | 2035-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                            | TD V7.25 07/31/84                                                                                                                    | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $204235.00    | 0.16%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Glencore Finance (Canada) Limited                                                    | GLENLN 5.55 10/25/42 144A                                                                                                            | CUSIP: 98417EAR1<br>LEI: 5493005TTO0UJ33KCK70 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $143725.36    | 0.12%             | 2042-10-25      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                              | HYNMTR 5.25 01/08/27 144A                                                                                                            | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201157.53    | 0.16%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JBS NV                                                                               | JBS 6.4 05/10/57 144A                                                                                                                | CUSIP: 46590XBC9<br>LEI: 254900JSFON4WL81TW77 | Long             | DBT              | CORP              | NL        |     90000 | PA      | $89901.00     | 0.07%             | 2057-05-10      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc.                                                              | MIK 8.5 03/15/33 144A                                                                                                                | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    240000 | PA      | $233891.76    | 0.19%             | 2033-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                                               | GM 6.6 04/01/36                                                                                                                      | CUSIP: 37045VAK6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    170000 | PA      | $180930.63    | 0.15%             | 2036-04-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                          | FMCN 7.25 02/15/34 144A                                                                                                              | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    310000 | PA      | $315844.12    | 0.25%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                            | IVYCST 6.75 02/25/41 144A                                                                                                            | CUSIP: 221625AX4<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    380000 | PA      | $334638.84    | 0.27%             | 2041-02-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Insurance Co.                                                         | LIBMUT 7.875 10/15/26                                                                                                                | CUSIP: 53079QAC1<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |    490000 | PA      | $496605.02    | 0.40%             | 2026-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                                                     | CFELEC 6.045 01/28/34 144A                                                                                                           | CUSIP: 200447AQ3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $194070.00    | 0.16%             | 2034-01-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.387 02/02/41                                                                                                                   | CUSIP: 38145GAU4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483258.47    | 0.39%             | 2041-02-02      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                               | MU 6.05 11/01/35                                                                                                                     | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    150000 | PA      | $161922.03    | 0.13%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| America Movil S.A.B. de C.V.                                                         | AMXLMM 6.125 03/30/40                                                                                                                | CUSIP: 02364WAW5<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    850000 | PA      | $886872.33    | 0.72%             | 2040-03-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                                               | ISPIM 7.8 11/28/53 144A                                                                                                              | CUSIP: 46115HCF2<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $233875.88    | 0.19%             | 2053-11-28      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc                    | ABIBB 4.9 02/01/46 *                                                                                                                 | CUSIP: 03522AAJ9<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |    840000 | PA      | $757462.99    | 0.61%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                          | FMCN 6.375 02/15/36 144A                                                                                                             | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    360000 | PA      | $346603.25    | 0.28%             | 2036-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.85 02/15/56                                                                                                                   | CUSIP: 87264AEA9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    230000 | PA      | $223365.39    | 0.18%             | 2056-02-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management Inc                                                         | APO 5.7 03/30/36                                                                                                                     | CUSIP: 03769MAG1<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |    460000 | PA      | $460648.09    | 0.37%             | 2036-03-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                       | INTNED V5.525 03/25/36                                                                                                               | CUSIP: 456837BS1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    260000 | PA      | $263131.95    | 0.21%             | 2036-03-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.948 01/19/38                                                                                                                   | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51245.62     | 0.04%             | 2038-01-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                               | TFC V5.867 06/08/34 MTN                                                                                                              | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    160000 | PA      | $166779.57    | 0.13%             | 2034-06-08      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                                                      | GEV 4.875 02/04/36                                                                                                                   | CUSIP: 36828AAB7<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128894.37    | 0.10%             | 2036-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                                                   | ATH 6.25 04/01/54                                                                                                                    | CUSIP: 04686JAH4<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    400000 | PA      | $367434.42    | 0.30%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Inova Health System Foundation                                                       | INOVHS 4.068 05/15/52                                                                                                                | CUSIP: 45791GAA0<br>LEI: 549300ZUXEGFGE8EP917 | Long             | DBT              | CORP              | US        |     90000 | PA      | $70770.88     | 0.06%             | 2052-05-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| AASET 2024-1 TRUST                                                                   | AASET 2024-1A A2                                                                                                                     | CUSIP: 00255JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225656 | PA      | $229198.15    | 0.19%             | 2049-05-16      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 5.9 01/25/33                                                                                                                  | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257238.81    | 0.21%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 5.7 01/15/35                                                                                                                     | CUSIP: 165167DH7<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71126.33     | 0.06%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| OHIO EDISON CO                                                                       | FE 5.5 01/15/33 144A                                                                                                                 | CUSIP: 677347CH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $92701.91     | 0.07%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                           | AAPL 3.75 11/13/47                                                                                                                   | CUSIP: 037833DG2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    330000 | PA      | $255503.99    | 0.21%             | 2047-11-13      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 3.875 09/16/46                                                                                                                    | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    330000 | PA      | $242023.95    | 0.20%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                           | SOAF 6.125 12/11/37 144A                                                                                                             | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $185800.00    | 0.15%             | 2037-12-11      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V5.279 03/10/37                                                                                                                 | CUSIP: 404280FM6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    420000 | PA      | $412613.47    | 0.33%             | 2037-03-10      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.95 09/26/55                                                                                                                   | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    320000 | PA      | $269405.57    | 0.22%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V7.5 PERP W                                                                                                                       | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104450.90    | 0.08%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                                                                       | KR 5.5 09/15/54                                                                                                                      | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    130000 | PA      | $120815.55    | 0.10%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V5.667 04/25/36                                                                                                                  | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    270000 | PA      | $279171.82    | 0.23%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                | QUIKHO 6.375 03/01/32 144A                                                                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    340000 | PA      | $345016.02    | 0.28%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| M.D.C. Holdings Inc.                                                                 | Sekisui House US Inc                                                                                                                 | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |    330000 | PA      | $301943.73    | 0.24%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Teachers Insurance and Annuity Association of America                                | TIAAGL 6.85 12/16/39 144A                                                                                                            | CUSIP: 878091BC0<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |    400000 | PA      | $448851.56    | 0.36%             | 2039-12-16      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                  | CATMED 5.662 09/01/55                                                                                                                | CUSIP: 20268JBC6<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    160000 | PA      | $154200.61    | 0.12%             | 2055-09-01      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                                                        | PETBRA 5.5 06/10/51                                                                                                                  | CUSIP: 71647NBJ7<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $80027.86     | 0.06%             | 2051-06-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. L.L.C.                                               | BX 6.2 04/22/33 144A                                                                                                                 | CUSIP: 09261BAK6<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    450000 | PA      | $476761.74    | 0.38%             | 2033-04-22      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 8.25 11/15/29 *                                                                                                                   | CUSIP: 29273RBC2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    160000 | PA      | $178018.18    | 0.14%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.25 03/02/33                                                                                                                   | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    740000 | PA      | $759663.58    | 0.61%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 5 04/01/32                                                                                                                      | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131171.74    | 0.11%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 5.55 02/16/55                                                                                                                    | CUSIP: 29379VCH4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    360000 | PA      | $346552.42    | 0.28%             | 2055-02-16      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Yamana Gold Inc                                                                      | YRICN 4.625 12/15/27                                                                                                                 | CUSIP: 98462YAD2<br>LEI: 54930002VY22NXG01418 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $349336.50    | 0.28%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Houston Electric LLC                                              | CNP 4.8 03/15/30                                                                                                                     | CUSIP: 15189XBG2<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    280000 | PA      | $283738.38    | 0.23%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.35 11/15/45                                                                                                                  | CUSIP: 02079KAZ0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97837.58     | 0.08%             | 2045-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 02/28/33                                                                                                                      | CUSIP: 91282CQC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     70000 | PA      | $68408.59     | 0.06%             | 2033-02-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.875 09/26/45                                                                                                                  | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    350000 | PA      | $302183.71    | 0.24%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Manulife Financial Corporation                                                       | MFCCN 4.986 12/11/35                                                                                                                 | CUSIP: 56501RAX4<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |    490000 | PA      | $478911.43    | 0.39%             | 2035-12-11      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.073 01/30/37                                                                                                                   | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    750000 | PA      | $735070.19    | 0.59%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 4.95 03/25/60                                                                                                                   | CUSIP: 458140BN9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     60000 | PA      | $48366.41     | 0.04%             | 2060-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal S.A.                                                                   | MTNA 6.55 11/29/27                                                                                                                   | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    160000 | PA      | $164936.66    | 0.13%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                                              | MRP 6.375 08/01/30 144A                                                                                                              | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $180065.50    | 0.15%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Delphi Financial Group, Inc.                                                         | Delphi Financial Group, Inc. 7.376% FIXED TO FLOAT RATE JUNIOR SUBORDINATED DEBENTURES DUE 2067                                      | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |      5725 | NS      | $138115.63    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC 7.75 05/14/38                                                                                                                    | CUSIP: 59023VAA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    900000 | PA      | $1069886.65   | 0.86%             | 2038-05-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UNIV CALIF REGTS MED CTR                                                             | CA UNVHGR 4.56 05/15/2053                                                                                                            | CUSIP: 913366KW9<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |    110000 | PA      | $93780.60     | 0.08%             | 2053-05-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.536 01/28/36                                                                                                                   | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    350000 | PA      | $355921.81    | 0.29%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V9.25 PERP 144A                                                                                                                  | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    290000 | PA      | $326713.71    | 0.26%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC 5.875 02/07/42 MTN                                                                                                               | CUSIP: 06051GEN5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    320000 | PA      | $329825.76    | 0.27%             | 2042-02-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Vale Overseas Limited                                                                | VALEBZ 6.875 11/21/36                                                                                                                | CUSIP: 91911TAH6<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |   1148000 | PA      | $1271531.69   | 1.03%             | 2036-11-21      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                               | PFE 5.11 05/19/43                                                                                                                    | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    300000 | PA      | $283292.92    | 0.23%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.518 10/25/35                                                                                                                  | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    610000 | PA      | $610200.33    | 0.49%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                         | RCL 4.75 05/15/33                                                                                                                    | CUSIP: 78017TAC7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    120000 | PA      | $115901.73    | 0.09%             | 2033-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.85 12/01/35                                                                                                                   | CUSIP: 161175CS1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98413.48     | 0.08%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6.85 02/04/66                                                                                                                   | CUSIP: 68389XEC5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138034.05    | 0.11%             | 2066-02-04      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 5.2 03/15/35                                                                                                                      | CUSIP: 373334LB5<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    360000 | PA      | $365822.52    | 0.30%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | 2-Year T-Note Futures, Jun-2026,ETH                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        30 | NC      | $-34005.05    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation                                                       | SCHW V6.136 08/24/34                                                                                                                 | CUSIP: 808513CH6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    600000 | PA      | $638932.84    | 0.52%             | 2034-08-24      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                              | BHI 5.85 06/15/56                                                                                                                    | CUSIP: 05724BAQ2<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |    310000 | PA      | $303559.50    | 0.25%             | 2056-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 6.75 10/01/37                                                                                                                     | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    640000 | PA      | $690776.53    | 0.56%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                        | WMB 8.75 03/15/32                                                                                                                    | CUSIP: 969457BM1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    610000 | PA      | $724753.57    | 0.58%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Hexcel Corporation                                                                   | HXL 5.875 02/26/35                                                                                                                   | CUSIP: 428291AP3<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    270000 | PA      | $277343.35    | 0.22%             | 2035-02-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Entergy Texas Inc                                                                    | ETR 5.25 04/15/35                                                                                                                    | CUSIP: 29365TAQ7<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |    280000 | PA      | $282880.58    | 0.23%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Honeywell Aerospace Inc.                                                             | HONA 4.3 03/16/31 144A                                                                                                               | CUSIP: 43849RAE5<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49475.94     | 0.04%             | 2031-03-16      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                                  | ABT 4.75 03/15/38                                                                                                                    | CUSIP: 002824BV1<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135819.85    | 0.11%             | 2038-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                   | ACAFP V6.316 10/03/29 144A                                                                                                           | CUSIP: 22535WAJ6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    290000 | PA      | $301961.40    | 0.24%             | 2029-10-03      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                                                       | ZFFNGR 6.75 04/23/30 144A                                                                                                            | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    280000 | PA      | $271063.04    | 0.22%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                | AAL 5.65 11/11/34 B                                                                                                                  | CUSIP: 02377PAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100704.64    | 0.08%             | 2034-11-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CME Group Inc.                                                                       | CME 5.3 09/15/43                                                                                                                     | CUSIP: 12572QAF2<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | DBT              | CORP              | US        |    440000 | PA      | $433952.75    | 0.35%             | 2043-09-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                                                | AL 5.85 12/15/27                                                                                                                     | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    320000 | PA      | $326788.65    | 0.26%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco S.a r.l.                                                   | GASBCM 6.1027 08/23/42 144A                                                                                                          | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    350000 | PA      | $348691.72    | 0.28%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.484 10/23/45                                                                                                                  | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    260000 | PA      | $239940.17    | 0.19%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | U.S. Treasury Bond Futures, Jun-2026,ETH                                                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        18 | NC      | $-52838.77    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                                                           | ABNB 5.25 03/16/36                                                                                                                   | CUSIP: 009066AE1<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190266.93    | 0.15%             | 2036-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Buenos Aires (Province Of)                                                           | BUENOS 6.625 09/01/37 144A                                                                                                           | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |     65760 | PA      | $49731.34     | 0.04%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                        | CNC 3.375 02/15/30                                                                                                                   | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     60000 | PA      | $54237.47     | 0.04%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ILFC E-Capital Trust I                                                               | ILFC E-Capital Trust I                                                                                                               | CUSIP: 44965TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $400753.44    | 0.32%             | 2065-12-21      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                               | BPLN V6.125 PERP                                                                                                                     | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    120000 | PA      | $121077.84    | 0.10%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                           | PRU V6.5 03/15/54                                                                                                                    | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122972.16    | 0.10%             | 2054-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                                         | BRAZIL 6.125 03/15/34                                                                                                                | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    330000 | PA      | $330231.00    | 0.27%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Paraguay (Republic of)                                                               | PARGUY 6.65 03/04/55 144A                                                                                                            | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    200000 | PA      | $208080.00    | 0.17%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Stryker Corporation                                                                  | SYK 5.2 02/10/35                                                                                                                     | CUSIP: 863667BM2<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    260000 | PA      | $263365.41    | 0.21%             | 2035-02-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ILFC E-Capital Trust II                                                              | ILFC E-Capital Trust II                                                                                                              | CUSIP: 44965UAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $235881.94    | 0.19%             | 2065-12-21      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                                             | DVN 5.6 07/15/41                                                                                                                     | CUSIP: 25179MAL7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    320000 | PA      | $309885.01    | 0.25%             | 2041-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.9 06/01/52                                                                                                                    | CUSIP: 161175CA0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    160000 | PA      | $101954.42    | 0.08%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.297 04/20/37                                                                                                                   | CUSIP: 61747YES0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129755.12    | 0.10%             | 2037-04-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Carlyle Group Inc                                                                    | CG 5.05 09/19/35                                                                                                                     | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77262.88     | 0.06%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Wynnton Funding Trust II                                                             | AFL 5.991 08/15/55                                                                                                                   | CUSIP: 983197AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $573655.36    | 0.46%             | 2055-08-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                      | WYNMAC 5.5 10/01/27 144A                                                                                                             | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    240000 | PA      | $237802.65    | 0.19%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Raymond James Financial Inc.                                                         | RJF 5.65 09/11/55                                                                                                                    | CUSIP: 754730AK5<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75800.30     | 0.06%             | 2055-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                                     | DTE 5.55 03/01/56 B                                                                                                                  | CUSIP: 23338VBA3<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135467.50    | 0.11%             | 2056-03-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C 8.125 07/15/39                                                                                                                     | CUSIP: 172967EW7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    251000 | PA      | $312812.96    | 0.25%             | 2039-07-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MidCap Financial Issuer Trust                                                        | MIDCAP 5.37 04/15/29 144A                                                                                                            | CUSIP: 59590AAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $572984.30    | 0.46%             | 2029-04-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                                  | ONCRTX 5.8 04/01/55                                                                                                                  | CUSIP: 68233JDD3<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198081.64    | 0.16%             | 2055-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.384 10/23/35                                                                                                                  | CUSIP: 161175AZ7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111778.34    | 0.09%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                        | WMB 7.5 01/15/31 A                                                                                                                   | CUSIP: 969457BB5<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     47000 | PA      | $52555.49     | 0.04%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Honeywell Aerospace Inc.                                                             | HONA 5.732 03/16/56 144A                                                                                                             | CUSIP: 43849RAJ4<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    290000 | PA      | $286853.70    | 0.23%             | 2056-03-16      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 4.65 04/15/29                                                                                                                 | CUSIP: 695114DM7<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130037.35    | 0.10%             | 2029-04-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Honeywell Aerospace Inc.                                                             | HONA 5.622 03/16/46 144A                                                                                                             | CUSIP: 43849RAH8<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98605.37     | 0.08%             | 2046-03-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                                             | DVN 5.75 09/15/54                                                                                                                    | CUSIP: 25179MBH5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    130000 | PA      | $122270.62    | 0.10%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 6.625 01/29/38                                                                                                                   | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $204300.00    | 0.16%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V6.5 PERP                                                                                                                       | CUSIP: 404280BP3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $299918.46    | 0.24%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fedex Freight Holding Co. Inc.                                                       | FDX 5.25 03/15/36 144A                                                                                                               | CUSIP: 314352AG0<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135501.13    | 0.11%             | 2036-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                                                       | ZFFNGR 7.5 03/24/31 144A                                                                                                             | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147463.53    | 0.12%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 6.528 05/01/34                                                                                                                    | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    900000 | PA      | $980783.71    | 0.79%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 5.85 07/02/32                                                                                                                    | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $200970.00    | 0.16%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                               | TFC V7.161 10/30/29 MTN                                                                                                              | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    230000 | PA      | $244541.59    | 0.20%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 5.7 02/10/53                                                                                                                    | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     60000 | PA      | $55291.61     | 0.04%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.75 02/15/66                                                                                                                  | CUSIP: 02079KBQ9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118933.07    | 0.10%             | 2066-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 4.8 06/15/44                                                                                                                       | CUSIP: 00206RCG5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    210000 | PA      | $182267.00    | 0.15%             | 2044-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Life Insurance Co.                                               | NWMLIC 6.17 05/29/55 144A                                                                                                            | CUSIP: 668138AF7<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226187.44    | 0.18%             | 2055-05-29      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                               | CITSEC 5.125 01/27/32                                                                                                                | CUSIP: 17289RAE6<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    320000 | PA      | $317620.96    | 0.26%             | 2032-01-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                            | SUN 5.625 03/15/31 144A                                                                                                              | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498059.15    | 0.40%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Travelers Companies, Inc.                                                            | TRV 5.7 07/24/55                                                                                                                     | CUSIP: 89417EAU3<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    280000 | PA      | $278249.01    | 0.22%             | 2055-07-24      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.25 05/15/55                                                                                                                  | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $236239.78    | 0.19%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance Plc                                                          | IMBLN 6.125 07/27/27 144A                                                                                                            | CUSIP: 45262BAF0<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    330000 | PA      | $336780.99    | 0.27%             | 2027-07-27      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.511 01/24/36                                                                                                                  | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    460000 | PA      | $469261.89    | 0.38%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch                                   | BANORT V7.5 PERP 144A                                                                                                                | CUSIP: 05971PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200112.64    | 0.16%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                        | USB V5.836 06/12/34                                                                                                                  | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313243.87    | 0.25%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.95 02/04/31                                                                                                                   | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39151.22     | 0.03%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Ecuador (Republic Of)                                                                | ECUA 8.75 01/29/34 144A                                                                                                              | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    200000 | PA      | $196500.00    | 0.16%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co. (The)                                                               | DOW 7.375 11/01/29                                                                                                                   | CUSIP: 260543BJ1<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    800000 | PA      | $866515.65    | 0.70%             | 2029-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 4.75 03/01/46                                                                                                                   | CUSIP: 375558BD4<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44338.45     | 0.04%             | 2046-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.576 07/23/36                                                                                                                  | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    460000 | PA      | $466012.86    | 0.38%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.625 07/15/54                                                                                                                   | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    260000 | PA      | $247979.80    | 0.20%             | 2054-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | 10-Year T-Note Futures, Jun-2026,ETH                                                                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -18 | NC      | $33687.52     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 6.25 01/25/35                                                                                                                 | CUSIP: 350930AD5<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    420000 | PA      | $440338.95    | 0.36%             | 2035-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                                              | MRP 6.25 09/15/32 144A                                                                                                               | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $275221.18    | 0.22%             | 2032-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| APA Corp.                                                                            | APA 6 01/15/37 .                                                                                                                     | CUSIP: 03743QBA5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    106000 | PA      | $107259.75    | 0.09%             | 2037-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                  | ABIBB 4.6 04/15/48                                                                                                                   | CUSIP: 035240AN0<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |     70000 | PA      | $60620.24     | 0.05%             | 2048-04-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| TRANSCONTINENTAL GAS PIPELINE COMPANY LLC                                            | WMB 5.4 08/15/41                                                                                                                     | CUSIP: 893574AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $299087.90    | 0.24%             | 2041-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                                                           | RABOBK 5.25 08/04/45                                                                                                                 | CUSIP: 21684AAD8<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    340000 | PA      | $311103.12    | 0.25%             | 2045-08-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                         | UAL 5.375 03/01/31                                                                                                                   | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137279.34    | 0.11%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | Citigroup Inc. DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF 6.25% NONCUMULATIVE PREFERRED STOCK, SERIES II | CUSIP: 172967242<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |     10650 | NS      | $262522.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc                                                           | LHX 5.4 07/31/33                                                                                                                     | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    190000 | PA      | $195004.38    | 0.16%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.875 03/13/36                                                                                                                  | CUSIP: 023135DF0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148690.89    | 0.12%             | 2036-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Pacific Life Insurance Co.                                                           | PACLIF 5.95 09/15/55 144A                                                                                                            | CUSIP: 69448FAB7<br>LEI: 8WC3XYHE06SQFW7CQK10 | Long             | DBT              | CORP              | US        |    230000 | PA      | $226116.85    | 0.18%             | 2055-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Glencore Finance (Canada) Limited                                                    | GLENLN 6.9 11/15/37 144A                                                                                                             | CUSIP: 98417EAC4<br>LEI: 5493005TTO0UJ33KCK70 | Long             | DBT              | CORP              | CA        |    430000 | PA      | $475216.30    | 0.38%             | 2037-11-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.75 04/01/48                                                                                                                   | CUSIP: 161175BN3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     70000 | PA      | $58424.72     | 0.05%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                | AAL 4.9 05/11/38                                                                                                                     | CUSIP: 02377NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140000 | PA      | $136726.67    | 0.11%             | 2038-05-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Caixabank S.A.                                                                       | CABKSM V5.581 07/03/36 144A                                                                                                          | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    420000 | PA      | $422589.31    | 0.34%             | 2036-07-03      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                                              | CHTR 7.3 07/01/38                                                                                                                    | CUSIP: 88732JAN8<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209421.39    | 0.17%             | 2038-07-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Legg Mason Partners Institutional Trust                                              | Legg Mason Partners Institutional Trust GVT RSEVS PRM                                                                                | CUSIP: 52470G494<br>LEI: 549300WB3XRN9YTWFB76 | Long             | STIV             | RF                | US        |    836428 | NS      | $836428.46    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corporation                                                                | AL V6 PERP D                                                                                                                         | CUSIP: 00912XBQ6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193527.36    | 0.16%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                           | PRU V6.75 03/01/53                                                                                                                   | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176739.65    | 0.14%             | 2053-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JBS USA LLC                                                                          | JBS 6.375 02/25/55                                                                                                                   | CUSIP: 472140AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $139603.72    | 0.11%             | 2055-02-25      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C 6.675 09/13/43                                                                                                                     | CUSIP: 172967HA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    370000 | PA      | $395954.55    | 0.32%             | 2043-09-13      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| CRH America Finance, Inc.                                                            | CRHID 5.6 02/09/56                                                                                                                   | CUSIP: 12636YAK8<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    140000 | PA      | $134486.82    | 0.11%             | 2056-02-09      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | 5-Year T-Note Futures, Jun-2026,ETH                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        81 | NC      | $-96786.78    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation                                                                    | L 4.94 04/01/36                                                                                                                      | CUSIP: 540424AU2<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107720.59    | 0.09%             | 2036-04-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C 6.125 08/25/36                                                                                                                     | CUSIP: 172967DR9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    404000 | PA      | $420674.47    | 0.34%             | 2036-08-25      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                     | TEVA 8.125 09/15/31                                                                                                                  | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $223834.00    | 0.18%             | 2031-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                  | D 8.875 11/15/38                                                                                                                     | CUSIP: 927804FG4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    390000 | PA      | $508074.73    | 0.41%             | 2038-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                    | BK V5.95 PERP                                                                                                                        | CUSIP: 064058AR1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200195.40    | 0.16%             | N/A             | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                     | MCD 4.875 12/09/45 MTN                                                                                                               | CUSIP: 58013MFA7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    230000 | PA      | $205151.74    | 0.17%             | 2045-12-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 5.65 03/13/46                                                                                                                   | CUSIP: 023135DG8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    170000 | PA      | $169512.37    | 0.14%             | 2046-03-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 6.75 04/15/29 144A                                                                                                               | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170122.43    | 0.14%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Carnival PLC                                                                         | CCL 7.875 06/01/27                                                                                                                   | CUSIP: 693070AD6<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |    160000 | PA      | $165700.32    | 0.13%             | 2027-06-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                                                     | FE 5.1 01/15/35                                                                                                                      | CUSIP: 476556DF9<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90002.94     | 0.07%             | 2035-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.65 02/15/56                                                                                                                  | CUSIP: 02079KBP1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19949.96     | 0.02%             | 2056-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Axa SA                                                                               | AXASA 8.6 12/15/30                                                                                                                   | CUSIP: 054536AA5<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $229967.60    | 0.19%             | 2030-12-15      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                                               | WM 4.65 03/15/30                                                                                                                     | CUSIP: 94106LCC1<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    320000 | PA      | $323063.13    | 0.26%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 5.2 06/15/62                                                                                                                     | CUSIP: 45866FAY0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    260000 | PA      | $230600.28    | 0.19%             | 2062-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                                                 | ASUCOR 8.375 02/01/34 144A                                                                                                           | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48578.62     | 0.04%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.25 08/22/57                                                                                                                   | CUSIP: 023135BM7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    300000 | PA      | $234244.47    | 0.19%             | 2057-08-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Apld Computeco 2 LLC                                                                 | PFORGE 6.75 03/15/31 144A                                                                                                            | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $89400.52     | 0.07%             | 2031-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding Llc                                                            | HONK 2020-2A A2                                                                                                                      | CUSIP: 26209XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101945 | PA      | $95733.40     | 0.08%             | 2051-01-20      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V5.546 03/04/30                                                                                                                 | CUSIP: 404280ED7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    340000 | PA      | $348449.87    | 0.28%             | 2030-03-04      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 6.4 05/07/54                                                                                                                     | CUSIP: 91087BBA7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    310000 | PA      | $291043.50    | 0.23%             | 2054-05-07      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                             | LLOYDS V8 PERP                                                                                                                       | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    270000 | PA      | $283648.50    | 0.23%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Lennar Corp.                                                                         | LEN 5 06/15/27                                                                                                                       | CUSIP: 526057CV4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190461.08    | 0.15%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSCONTINENTAL GAS PIPELINE COMPANY LLC                                            | WMB 7.25 12/01/26                                                                                                                    | CUSIP: 893570BM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $234119.69    | 0.19%             | 2026-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                          | SRE 6 06/15/55                                                                                                                       | CUSIP: 842434DD1<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220359.65    | 0.18%             | 2055-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 5.6 10/15/54                                                                                                                     | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89338.61     | 0.07%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 6.35 03/15/40                                                                                                                      | CUSIP: 00206RDE9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51003.05     | 0.04%             | 2040-03-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Raymond James Financial Inc.                                                         | RJF 4.65 04/01/30                                                                                                                    | CUSIP: 754730AG4<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70686.28     | 0.06%             | 2030-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.125 06/15/39                                                                                                                   | CUSIP: 404119BY4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103725.21    | 0.08%             | 2039-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AES Corp.                                                                            | AES V6.95 07/15/55                                                                                                                   | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    120000 | PA      | $112077.53    | 0.09%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable Enterprises LLC                                                    | CHTR 8.375 07/15/33                                                                                                                  | CUSIP: 88731EAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $464466.91    | 0.37%             | 2033-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Rollins Inc                                                                          | ROL 5.25 02/24/35                                                                                                                    | CUSIP: 775711AC8<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109979.71    | 0.09%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Quebec (Province Of)                                                                 | Q 7.97 07/22/36 MTN                                                                                                                  | CUSIP: 74815HCH3<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | MUN               | CA        |    650000 | PA      | $806952.00    | 0.65%             | 2036-07-22      | Variable      | 7.97%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp.                   | LADR 5.5 08/01/30                                                                                                                    | CUSIP: 505742AS5<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120302.28    | 0.10%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| APA Corp.                                                                            | APA 5.25 02/01/42 .                                                                                                                  | CUSIP: 03743QBC1<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |     39000 | PA      | $33423.56     | 0.03%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.2 09/26/35                                                                                                                    | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75079.94     | 0.06%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                                                 | APH 5.3 11/15/55                                                                                                                     | CUSIP: 032095BB6<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103382.36    | 0.08%             | 2055-11-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 6.4 05/15/38                                                                                                                   | CUSIP: 20030NAX9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    950000 | PA      | $1002321.19   | 0.81%             | 2038-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Yamana Gold Inc                                                                      | YRICN 2.63 08/15/31                                                                                                                  | CUSIP: 98462YAF7<br>LEI: 54930002VY22NXG01418 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $26641.04     | 0.02%             | 2031-08-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                     | CHTR 4.5 05/01/32                                                                                                                    | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $518627.56    | 0.42%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Amrize Finance US LLC                                                                | AMRZ 5.4 04/07/35                                                                                                                    | CUSIP: 43475RAT3<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203460.34    | 0.16%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5.8 06/15/38 20Y                                                                                                                  | CUSIP: 29278NAD5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40560.10     | 0.03%             | 2038-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                          | GBLATL V7.25 03/01/56 144A                                                                                                           | CUSIP: 37959GAH0<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    390000 | PA      | $367938.60    | 0.30%             | 2056-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                                                      | CI 4.8 08/15/38                                                                                                                      | CUSIP: 125523AJ9<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    280000 | PA      | $263398.70    | 0.21%             | 2038-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JBS NV                                                                               | JBS 5.625 03/10/37 144A                                                                                                              | CUSIP: 46590XBA3<br>LEI: 254900JSFON4WL81TW77 | Long             | DBT              | CORP              | NL        |     70000 | PA      | $70262.85     | 0.06%             | 2037-03-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN PLC                                                                   | AALLN 5.25 03/19/36 144A                                                                                                             | CUSIP: 034863BJ8<br>LEI: 549300S9XF92D1X8ME43 | Long             | DBT              | CORP              | GB        |    260000 | PA      | $254336.78    | 0.21%             | 2036-03-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6 05/01/56                                                                                                                       | CUSIP: 694308LB1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75983.66     | 0.06%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 5.7 03/01/35                                                                                                                     | CUSIP: 694308KU0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131833.99    | 0.11%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Baltimore Gas & Electric Company                                                     | EXC 5.45 06/01/35                                                                                                                    | CUSIP: 059165ET3<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    370000 | PA      | $379533.75    | 0.31%             | 2035-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                       | ECOPET 5.875 11/02/51                                                                                                                | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    130000 | PA      | $91655.22     | 0.07%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 4.78 03/25/38                                                                                                                    | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    560000 | PA      | $516363.51    | 0.42%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                             | EDF 5.75 01/13/35 144A                                                                                                               | CUSIP: 28504DAF0<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    160000 | PA      | $165447.58    | 0.13%             | 2035-01-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Halliburton Company                                                                  | HAL 5 11/15/45                                                                                                                       | CUSIP: 406216BK6<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177557.91    | 0.14%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ares Management Corporation                                                          | ARES 5.6 10/11/54                                                                                                                    | CUSIP: 03990BAB7<br>LEI: 529900JUV61FH7B8VW38 | Long             | DBT              | CORP              | US        |    180000 | PA      | $158701.24    | 0.13%             | 2054-10-11      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.65 11/20/35                                                                                                                   | CUSIP: 023135CV6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245231.08    | 0.20%             | 2035-11-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| The Allstate Corporation                                                             | ALL V6.5 05/15/57                                                                                                                    | CUSIP: 020002AU5<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    480000 | PA      | $491207.52    | 0.40%             | 2057-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                       | SCHW V5.853 05/19/34                                                                                                                 | CUSIP: 808513CE3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    260000 | PA      | $273217.08    | 0.22%             | 2034-05-19      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V3.55 PERP                                                                                                                       | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197860.24    | 0.16%             | N/A             | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 5.7 05/01/55 144A                                                                                                               | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48787.62     | 0.04%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.664 04/17/36                                                                                                                   | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    210000 | PA      | $215170.82    | 0.17%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC 6.11 01/29/37                                                                                                                    | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    320000 | PA      | $335782.42    | 0.27%             | 2037-01-29      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.211 12/03/35                                                                                                                  | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    680000 | PA      | $677294.03    | 0.55%             | 2035-12-03      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS 6.375 07/24/42                                                                                                                    | CUSIP: 617482V92<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     90000 | PA      | $96496.06     | 0.08%             | 2042-07-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Jimmy John's Funding Llc                                                             | JIMMY 2022-1A A2I                                                                                                                    | CUSIP: 47760QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134750 | PA      | $133428.09    | 0.11%             | 2052-04-30      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                              | BPCEGP V6.714 10/19/29 144A                                                                                                          | CUSIP: 05571AAR6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    350000 | PA      | $366190.39    | 0.30%             | 2029-10-19      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                    | NWG V5.115 05/23/31                                                                                                                  | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    410000 | PA      | $414231.46    | 0.33%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                   | SANTAN 5.294 08/18/27                                                                                                                | CUSIP: 05964HAS4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $403934.78    | 0.33%             | 2027-08-18      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                         | BACR V5.088 06/20/30                                                                                                                 | CUSIP: 06738EBK0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    640000 | PA      | $642306.30    | 0.52%             | 2030-06-20      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                  | CEG 5.875 01/15/66                                                                                                                   | CUSIP: 210385AR1<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    230000 | PA      | $220978.89    | 0.18%             | 2066-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.5 11/15/45                                                                                                                    | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    400000 | PA      | $378782.60    | 0.31%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.3 06/15/35                                                                                                                     | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102062.52    | 0.08%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                               | MU 5.8 01/15/35                                                                                                                      | CUSIP: 595112CE1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    150000 | PA      | $159764.53    | 0.13%             | 2035-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch                                   | BANORT V8.75 PERP 144A                                                                                                               | CUSIP: 05971PAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    200000 | PA      | $208639.60    | 0.17%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 6.1 01/25/36                                                                                                                  | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    230000 | PA      | $237185.16    | 0.19%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                                              | CHTR 6.75 06/15/39                                                                                                                   | CUSIP: 88732JAU2<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9930.89      | 0.01%             | 2039-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 6.25 02/01/41                                                                                                                     | CUSIP: 38141GGM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    570000 | PA      | $600521.65    | 0.48%             | 2041-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING COMPANY LP                                                      | FPH 8 10/01/30 144A                                                                                                                  | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $139758.75    | 0.11%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                                                | WOOF 8.25 02/01/31 144A                                                                                                              | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69952.00     | 0.06%             | 2031-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                                                           | RABOBK 5.75 12/01/43                                                                                                                 | CUSIP: 21684AAB2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $438979.07    | 0.35%             | 2043-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                         | BHCCN 5 01/30/28 144A                                                                                                                | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $67687.60     | 0.05%             | 2028-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Topbuild Corporation                                                                 | BLD 5.625 01/31/34 144A                                                                                                              | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195963.34    | 0.16%             | 2034-01-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AECOM                                                                                | ACM 6 08/01/33 144A                                                                                                                  | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229960.05    | 0.19%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                              | BHI 5 06/15/36                                                                                                                       | CUSIP: 05724BAP4<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343766.40    | 0.28%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                                                        | PETBRA 7.375 01/17/27                                                                                                                | CUSIP: 71647NAS8<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    190000 | PA      | $193279.97    | 0.16%             | 2027-01-17      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V6.625 PERP                                                                                                                        | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    230000 | PA      | $230328.95    | 0.19%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 5.375 03/22/33                                                                                                                   | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    280000 | PA      | $274400.00    | 0.22%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Dai-ichi Life Insurance Co. Ltd. (The)                                               | DAIL V6.2 PERP 144A                                                                                                                  | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $201269.20    | 0.16%             | N/A             | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Gulfstream Natural Gas System LLC                                                    | GULFNG 5.6 07/23/35 144A                                                                                                             | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $436059.68    | 0.35%             | 2035-07-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                                                   | VOD 5.25 05/30/48                                                                                                                    | CUSIP: 92857WBM1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $189776.45    | 0.15%             | 2048-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 4.8 02/14/29                                                                                                                      | CUSIP: 02209SBD4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    870000 | PA      | $877264.94    | 0.71%             | 2029-02-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 5.65 12/01/41                                                                                                                   | CUSIP: 375558AS2<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61099.81     | 0.05%             | 2041-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MidCap Financial Issuer Trust                                                        | MIDCAP F 01/15/56 144a                                                                                                               | CUSIP: 59590AAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $234879.85    | 0.19%             | 2056-01-15      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.1 03/25/61                                                                                                                    | CUSIP: 68389XCB9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    380000 | PA      | $233843.68    | 0.19%             | 2061-03-25      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 5.625 03/01/36                                                                                                                  | CUSIP: 361841AX7<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    430000 | PA      | $418614.98    | 0.34%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4.5 03/20/42                                                                                                                      | CUSIP: 718172AP4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87490.45     | 0.07%             | 2042-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 6.95 08/15/37                                                                                                                  | CUSIP: 20030NAV3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    160000 | PA      | $178833.46    | 0.14%             | 2037-08-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 4.95 04/15/52                                                                                                                   | CUSIP: 87612GAB7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    160000 | PA      | $134105.58    | 0.11%             | 2052-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 5.15 04/01/35                                                                                                                   | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180408.51    | 0.15%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                                                        | PETBRA 6.9 03/19/49                                                                                                                  | CUSIP: 71647NBD0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    140000 | PA      | $134710.00    | 0.11%             | 2049-03-19      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                                               | LUV 5.25 11/15/35                                                                                                                    | CUSIP: 844741BM9<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    370000 | PA      | $347499.03    | 0.28%             | 2035-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Full House Resorts Inc.                                                              | FLL 8.25 02/15/28 144A                                                                                                               | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    530000 | PA      | $483625.00    | 0.39%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V6.125 PERP GG                                                                                                                   | CUSIP: 95002YAE3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    340000 | PA      | $341369.75    | 0.28%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Ameren Illinois Company                                                              | AEE 5.625 03/01/55                                                                                                                   | CUSIP: 02361DBC3<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107023.73    | 0.09%             | 2055-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 4.125 03/01/48 C                                                                                                                 | CUSIP: 842400GK3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    310000 | PA      | $232256.03    | 0.19%             | 2048-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Eaton Corp.                                                                          | ETN 4.8 03/06/36                                                                                                                     | CUSIP: 278058DZ2<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197535.63    | 0.16%             | 2036-03-06      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                                                 | APH 4.625 02/15/36                                                                                                                   | CUSIP: 032095BA8<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    240000 | PA      | $232186.35    | 0.19%             | 2036-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery PLC                                                               | BRSL 5.25 01/15/29 144A                                                                                                              | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    290000 | PA      | $287833.38    | 0.23%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C 5.875 01/30/42                                                                                                                     | CUSIP: 172967FX4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243131.60    | 0.20%             | 2042-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                    | PNC V5.423 01/25/41                                                                                                                  | CUSIP: 693475CF0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    490000 | PA      | $480242.13    | 0.39%             | 2041-01-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Meiji Yasuda Life Insurance Co.                                                      | MYLIFE V6.1 06/11/55 144A                                                                                                            | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    210000 | PA      | $210929.88    | 0.17%             | 2055-06-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                                                      | GEV 5.5 02/04/56                                                                                                                     | CUSIP: 36828AAC5<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86641.51     | 0.07%             | 2056-02-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V5.58 05/09/36 144A                                                                                                              | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    340000 | PA      | $344999.91    | 0.28%             | 2036-05-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.5 02/28/31                                                                                                                       | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120000 | PA      | $117679.69    | 0.09%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                  | CPGX 6.036 11/15/33 144A                                                                                                             | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $305691.04    | 0.25%             | 2033-11-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd. / Aircastle Ireland DAC                                               | AYR 5.75 10/01/31 144A                                                                                                               | CUSIP: 00929JAA4<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    150000 | PA      | $153639.54    | 0.12%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                                                 | ASUCOR 8 12/31/32 144A                                                                                                               | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    160000 | PA      | $166126.08    | 0.13%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                        | WMB 7.75 06/15/31                                                                                                                    | CUSIP: 969457BD1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     37000 | PA      | $41915.01     | 0.03%             | 2031-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                          | GBLATL 6.75 03/15/54 144A                                                                                                            | CUSIP: 37959GAF4<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    300000 | PA      | $279737.96    | 0.23%             | 2054-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS V7 03/10/55                                                                                                                      | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154690.20    | 0.12%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                                               | ISPIM V7.778 06/20/54 144A                                                                                                           | CUSIP: 46115HCB1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    220000 | PA      | $251073.11    | 0.20%             | 2054-06-20      | Fixed         | 7.78%                 | No            |                  2 | On Loan: No      |
| TEAM SERVICES HOLDING INC                                                            | TEAPUB 9 02/15/33 144A                                                                                                               | CUSIP: 87821TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $137381.27    | 0.11%             | 2033-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.55 03/13/33                                                                                                                   | CUSIP: 023135DE3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148600.09    | 0.12%             | 2033-03-13      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 5.407 10/15/35 144A                                                                                                              | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    190000 | PA      | $186492.56    | 0.15%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC V7.125 08/15/56                                                                                                               | CUSIP: 695114DG0<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    420000 | PA      | $396893.07    | 0.32%             | 2056-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                                            | VNOM 5.7 08/01/35                                                                                                                    | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    190000 | PA      | $191596.95    | 0.15%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.25 06/15/49                                                                                                                    | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    350000 | PA      | $309083.40    | 0.25%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 7.875 07/30/30                                                                                                                  | CUSIP: 925524AH3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    130000 | PA      | $135765.26    | 0.11%             | 2030-07-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.625 11/15/55                                                                                                                     | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    710000 | PA      | $678493.75    | 0.55%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp.                                                                 | OTIS 5.125 11/19/31                                                                                                                  | CUSIP: 68902VAR8<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    230000 | PA      | $235376.45    | 0.19%             | 2031-11-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V9.016 11/15/33 144A                                                                                                             | CUSIP: 225401BB3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $304670.22    | 0.25%             | 2033-11-15      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.95 07/01/50                                                                                                                    | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    240000 | PA      | $198959.75    | 0.16%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Mercadolibre Inc                                                                     | MELI 4.9 01/15/33                                                                                                                    | CUSIP: 58733RAG7<br>LEI: 549300DKPDN9M5S8GB14 | Long             | DBT              | CORP              | US        |    380000 | PA      | $369246.00    | 0.30%             | 2033-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.125 02/15/36                                                                                                                     | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    110000 | PA      | $108289.84    | 0.09%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Barrick (PD) Australia Finance Pty Ltd                                               | ABXCN 5.95 10/15/39                                                                                                                  | CUSIP: 06849UAD7<br>LEI: 5493008DX0TK7OFLV260 | Long             | DBT              | CORP              | AU        |    180000 | PA      | $184757.10    | 0.15%             | 2039-10-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.35 05/04/33                                                                                                                   | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68168.49     | 0.06%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 6.05 09/01/33                                                                                                                    | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    360000 | PA      | $377613.94    | 0.30%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.875 11/15/55                                                                                                                  | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    230000 | PA      | $224440.24    | 0.18%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.75 01/15/53                                                                                                                    | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145414.43    | 0.12%             | 2053-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                           | ALVGR V6.55 PERP 144a                                                                                                                | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $200455.20    | 0.16%             | N/A             | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V7.75 PERP 144A                                                                                                                  | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $206671.20    | 0.17%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4.6 11/15/32                                                                                                                    | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89147.47     | 0.07%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Public Service Company of Colorado                                                   | XEL 5.15 09/15/35                                                                                                                    | CUSIP: 744448DC2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    370000 | PA      | $368970.53    | 0.30%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V5.199 08/10/37 144A                                                                                                             | CUSIP: 225401BT4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    440000 | PA      | $429945.50    | 0.35%             | 2037-08-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.75 11/15/65                                                                                                                   | CUSIP: 30303M8Y1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    570000 | PA      | $529833.86    | 0.43%             | 2065-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                                               | GM 6.75 04/01/46                                                                                                                     | CUSIP: 37045VAL4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    270000 | PA      | $280001.84    | 0.23%             | 2046-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.375 11/02/43                                                                                                                   | CUSIP: 94974BFP0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    430000 | PA      | $402321.21    | 0.32%             | 2043-11-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Aes Andes S.A                                                                        | AES 6.25 03/14/32 144A                                                                                                               | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $205388.20    | 0.17%             | 2032-03-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                              | ARGENT 4.125 07/09/35                                                                                                                | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    292973 | PA      | $211672.66    | 0.17%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.95 06/15/55                                                                                                                    | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80651.90     | 0.07%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 6.2 03/01/55                                                                                                                     | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    390000 | PA      | $386685.05    | 0.31%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 6.141 04/01/55 144a                                                                                                           | CUSIP: 378272CB2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140942.04    | 0.11%             | 2055-04-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Spire Inc                                                                            | SR V6.25 06/01/56                                                                                                                    | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128957.75    | 0.10%             | 2056-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                                                     | CFELEC 6.45 01/24/35 144A                                                                                                            | CUSIP: 200447AP5<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $199572.76    | 0.16%             | 2035-01-24      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Autodesk Inc                                                                         | ADSK 5.3 06/15/35                                                                                                                    | CUSIP: 052769AJ5<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90158.81     | 0.07%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                                                     | SANLTD 5.4 08/08/28                                                                                                                  | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201623.60    | 0.16%             | 2028-08-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                                  | ONCRTX 5.35 04/01/35                                                                                                                 | CUSIP: 68233JDC5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102235.70    | 0.08%             | 2035-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PG&E Wildfire Recovery Funding LLC                                                   | PCG 5.212 12/01/47 A-4                                                                                                               | CUSIP: 693342AJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28311.44     | 0.02%             | 2047-12-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Fox Corporation                                                                      | FOXA 5.476 01/25/39                                                                                                                  | CUSIP: 35137LAJ4<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    510000 | PA      | $493596.77    | 0.40%             | 2039-01-25      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.5 07/15/44                                                                                                                     | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    120000 | PA      | $115882.65    | 0.09%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CI Financial Corp                                                                    | CIXCN 7.5 05/30/29 144A                                                                                                              | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |    420000 | PA      | $440970.39    | 0.36%             | 2029-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                                                     | PCG V6.85 09/15/56                                                                                                                   | CUSIP: 69331CAN8<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    280000 | PA      | $276797.72    | 0.22%             | 2056-09-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                                                          | PSX 5.875 05/01/42                                                                                                                   | CUSIP: 718546AH7<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160386.82    | 0.13%             | 2042-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                                                                       | COP 6.5 02/01/39                                                                                                                     | CUSIP: 20825CAQ7<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | DBT              | CORP              | US        |    810000 | PA      | $895002.70    | 0.72%             | 2039-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| American International Group Inc.                                                    | AIG 6.25 03/15/37                                                                                                                    | CUSIP: 026874BE6<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76576.88     | 0.06%             | 2037-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES COUNTY PUBLIC WORKS FINANCING AUTHORITY (CA)                             | CA LOSFAC 7.62 08/01/2040                                                                                                            | CUSIP: 54473ENS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $764208.71    | 0.62%             | 2040-08-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                               | BATSLN 7 08/04/41 *                                                                                                                  | CUSIP: 761713BW5<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    320000 | PA      | $337369.41    | 0.27%             | 2041-08-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH                                                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -5 | NC      | $12085.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                                                   | ET V7.125 PERP G                                                                                                                     | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    330000 | PA      | $336751.80    | 0.27%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Siemens Funding BV                                                                   | SIEGR 5.8 05/28/55 144A                                                                                                              | CUSIP: 82622RAF3<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    370000 | PA      | $377491.84    | 0.30%             | 2055-05-28      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                | AAL 5.5 04/20/26 144A                                                                                                                | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9167 | PA      | $9179.32      | 0.01%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 4.8 02/15/36                                                                                                                   | CUSIP: 02079KBM8<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109571.45    | 0.09%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.314 01/18/41                                                                                                                   | CUSIP: 61748UAP7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    460000 | PA      | $444271.69    | 0.36%             | 2041-01-18      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                        | DISH 5.75 12/01/28 144A                                                                                                              | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $154847.61    | 0.12%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                          | IL ILS 6.72 04/01/2035                                                                                                               | CUSIP: 452152FA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    238462 | PA      | $249761.14    | 0.20%             | 2035-04-01      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 5.375 08/15/35                                                                                                                     | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    290000 | PA      | $293871.22    | 0.24%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 4.95 06/15/52                                                                                                                    | CUSIP: 45866FAX2<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    250000 | PA      | $221364.19    | 0.18%             | 2052-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Interstate Power & Light Company                                                     | LNT 5.45 09/30/54                                                                                                                    | CUSIP: 461070AW4<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46555.48     | 0.04%             | 2054-09-30      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 4.95 03/31/30                                                                                                                   | CUSIP: 404280CF4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202400.77    | 0.16%             | 2030-03-31      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Corporation                                                           | LNT V5.75 04/01/56                                                                                                                   | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106983.33    | 0.09%             | 2056-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                                               | OCPMR 6.75 05/02/34 144A                                                                                                             | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $208263.41    | 0.17%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                     | MRSH 4.95 03/15/36                                                                                                                   | CUSIP: 571748CF7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    160000 | PA      | $158572.64    | 0.13%             | 2036-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V6.174 05/25/34                                                                                                                    | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258906.22    | 0.21%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Carlyle Finance LLC                                                                  | CG 5.65 09/15/48 144A                                                                                                                | CUSIP: 14314CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $103545.95    | 0.08%             | 2048-09-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                                            | NIPLIF V6.5 04/30/55 144a                                                                                                            | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    240000 | PA      | $248144.64    | 0.20%             | 2055-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.625 11/15/55 .                                                                                                                | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    310000 | PA      | $290798.58    | 0.23%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                         | BACR V5.785 02/25/36                                                                                                                 | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $232661.67    | 0.19%             | 2036-02-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V6.5 PERP OO                                                                                                                     | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205343.00    | 0.17%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                             | CE 7 02/15/31                                                                                                                        | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71929.13     | 0.06%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CI Financial Corp                                                                    | CIXCN 3.2 12/17/30                                                                                                                   | CUSIP: 125491AN0<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $44520.55     | 0.04%             | 2030-12-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                                              | CHTR 5.5 09/01/41                                                                                                                    | CUSIP: 88732JBB3<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43134.11     | 0.03%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                                                         | BMRN 5.5 02/15/34 144A                                                                                                               | CUSIP: 09061GAL5<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197052.30    | 0.16%             | 2034-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.95 01/15/36                                                                                                                   | CUSIP: 11135FDB4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    350000 | PA      | $345319.94    | 0.28%             | 2036-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 5.7 12/30/34 144A                                                                                                                | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    340000 | PA      | $342309.62    | 0.28%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                                               | LUV 5.125 06/15/27                                                                                                                   | CUSIP: 844741BK3<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190658.91    | 0.15%             | 2027-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 5.55 11/20/65                                                                                                                   | CUSIP: 023135CY0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    270000 | PA      | $255303.66    | 0.21%             | 2065-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.375 05/01/47                                                                                                                  | CUSIP: 161175BL7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    350000 | PA      | $281918.50    | 0.23%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                            | KHC 5 06/04/42                                                                                                                       | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    110000 | PA      | $96811.93     | 0.08%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 7.875 09/15/31                                                                                                                   | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    190000 | PA      | $216254.01    | 0.17%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Western Asset Investment Grade Income Fund Inc.

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer